Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time for KANTAR UK LIMITED to pay invoices has fluctuated over the past three years. It initially decreased from 41 days in the first period (Jan-Jun 2018) to 28 days in the second period (Jul-Dec 2018), then remained consistent at 28 days for the third period (Jan-Jun 2019). However, in the fourth period (Jul-Dec 2019), it increased to 32 days, then continued to fluctuate between 40 and 38 days for the remaining periods.
The average time for KANTAR UK LIMITED to pay invoices has shown volatility in the first four periods, with a decrease of 13 days in the second period followed by an increase of 4 days in the third period. However, it has since remained relatively stable, fluctuating between 36 and 40 days.
Overall, there has been a slight decrease in the average time for KANTAR UK LIMITED to pay invoices, from 41 days in the first period to 37 days in the most recent period. The percentage of invoices paid within 30 days has also slightly decreased, from 41% to 34%. There has been a decrease in the percentage of invoices paid later than 60 days, from 22% to 15%, and a slight decrease in the percentage of invoices not paid within agreed terms, from 26% to 18%.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 37 | 44% | 38% | 18% | 61% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 33 | 52% | 33% | 15% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 36 | 47% | 38% | 15% | 61% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 34 | 48% | 38% | 14% | 57% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 38 | 42% | 38% | 20% | 56% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 40 | 37% | 39% | 24% | 68% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 40 | 41% | 37% | 22% | 55% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Jan 2020 | 32 | 56% | 30% | 14% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 28 | 65% | 27% | 9% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 28 | 63% | 27% | 10% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 41 | 41% | 37% | 22% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 60 days end of month from receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Whilst our standard terms are 60 days end of month of receipt of invoice, for freelancers and small contractors, we have an exception process to set these up to pay between 14 and 30 days.
Maximum contractual payment period agreed
60
We resolve our disputes with internal and external queries by using an automated Service Now Helpdesk which is self-service. At Kantar, vendors can email invoicestopay@kantar.com with a query. If it relates to a previous invoice submitted they should note the FIN number received when they first submitted invoice as this will help deal with queries. SLAs on query responses are 2 working days from receipt. Within the automated response received when a query is submitted there is also an escalation process if the query is not resolved to a satisfactory standard.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Kantar UK Limited is registered at Tns House, London, the historic home of TNS, now part of the Kantar market research group. Evidence available relates to a consumer panel service, branded EFS Panel/Consumer Pulse, which recruits members to record their shopping activity in categories such as fashion, mobile phones and accessories, and beauty. Panellists log purchases in an online diary and earn points redeemable for vouchers. This data collection supports market research work carried out within the Kantar group. The entity itself functions as part of that wider market research and data-collection business rather than as an independent standalone brand.
Generated from the company's website and Companies House records. Sources: consumerpulse.co.uk · consumerpulse.co.uk · consumerpulse.co.uk