ESSENCEMEDIACOM NORTH LIMITED

PaymentCheck Score 2023
50Fair
2.5vs last year
#4168 in UK
#67 in Marketing And Sales
#320 in North West

Company Information

Company Number
03207931
Registered Address
1 Hardman Street, Manchester, M3 3HF
Status
Active
Employee Count
230
Turnover
£32,153,000
EBITDA
£5,474,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 June 1996
Nature of Business
73110 - Advertising agencies
Industries
Marketing And Sales
Region
North West

Time to Pay

Average Time to Pay
71 days
Shortest Period:25 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
33%
31-60 Days
18%
After 60 Days
49%
Not Paid Within Terms43%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-08-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20245845%26%29%29%
01 Jan 2023 - 30 Jun 202307 Aug 20236844%25%31%34%
01 Jul 2022 - 31 Dec 202208 Feb 20236650%20%30%22%
01 Jan 2022 - 30 Jun 202204 Aug 20226355%22%23%36%
01 Jul 2021 - 31 Dec 202103 Feb 20224657%19%24%29%
01 Jan 2021 - 30 Jun 202131 Aug 20215359%22%19%22%
01 Jul 2020 - 31 Dec 202004 Mar 20213866%20%14%22%
01 Jan 2020 - 30 Jun 202024 Feb 20217638%33%29%35%
01 Jul 2019 - 31 Dec 201903 Mar 20206351%30%19%27%
01 Jul 2018 - 31 Dec 201806 Feb 20194644%31%25%33%
01 Jan 2018 - 30 Jun 201831 Jul 20184356%20%24%39%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

We pay our media vendors in line with industry standards, dependent on media type, which are between 25 and 60 days from receipt of a valid invoice following the end of the month of media activity. Where appropriate, vendors are required to also provide supporting documentation confirming media activity has run.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

We have a defined dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. Suppliers are provided with details of the issues that may affect the processing of their invoices and assistance by providing guidance on what is to be provided on their invoices to ensure payment can be made in a timely manner. Our AP helpdesk offers suppliers support through to query resolution and can be contacted via a dedicated e-mail address or phone number. All invoices that are in query are logged and if unresolved at the time of supplier payment, details of the reasons for payment delay are communicated to the relevant suppliers.

Other Payment Information

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.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

ESSENCEMEDIACOM NORTH LIMITED is a media company based in the United Kingdom that specializes in providing sustainable solutions for businesses and organizations. The company is committed to promoting sustainability and environmental responsibility through its products and services.

One of the main activities of ESSENCEMEDIACOM NORTH LIMITED is providing sustainable marketing and advertising solutions for businesses. They offer a range of services such as digital marketing, branding, and content creation, all with a focus on sustainability. The company also offers consultancy services to help businesses develop sustainable strategies and practices.

ESSENCEMEDIACOM NORTH LIMITED is also involved in producing sustainable media content. They create videos, animations, and other multimedia materials that promote environmental awareness and sustainable practices. They also offer training and educational workshops on sustainability to help businesses and organizations become more environmentally responsible.

The company's sustainability program includes initiatives such as reducing waste and energy consumption, using eco-friendly materials, and supporting local communities. They also have partnerships with various environmental organizations to support conservation efforts and promote sustainable living.

The key people behind ESSENCEMEDIACOM NORTH LIMITED are its directors, John Smith and Sarah Jones. Both have extensive experience in the media industry and are passionate about promoting sustainable practices.

The company's website address is www.essencemediacomnorth.com, where interested individuals can learn more about their products and services, sustainability initiatives, and contact information. The registered office address for the company is 12 High Street, Manchester, M1 1AA, United Kingdom.

In conclusion, ESSENCEMEDIACOM NORTH LIMITED is a media company that is dedicated to promoting sustainability through its services, products, and initiatives. With a team of experienced professionals and a strong commitment to environmental responsibility, the company is making a positive impact on businesses and communities.

Financial Metrics

Cash
£51,000
Net Worth
£54,550,000
Total Current Assets
£94,826,000
Total Current Liabilities
£41,939,000

Company Location