ESSENCEMEDIACOM NORTH LIMITED
Company Information
- Company Number
- 03207931
- Registered Address
- 1 Hardman Street, Manchester, M3 3HF
- Status
- Active
- Employee Count
- 238.0
- Turnover
- 29197000.0
- EBITDA
- 2925000.0
Additional Details
- Website
- https://mediacom.com
- Company Type
- Private limited Company
- Incorporated On
- 5 June 1996
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 58 | 45% | 26% | 29% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 68 | 44% | 25% | 31% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Feb 2023 | 66 | 50% | 20% | 30% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 63 | 55% | 22% | 23% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 46 | 57% | 19% | 24% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Aug 2021 | 53 | 59% | 22% | 19% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 38 | 66% | 20% | 14% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Feb 2021 | 76 | 38% | 33% | 29% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Mar 2020 | 63 | 51% | 30% | 19% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 82 | 43% | 17% | 40% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 46 | 44% | 31% | 25% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 43 | 56% | 20% | 24% | 39% |
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
Company Review
Trend Analysis
The data for ESSENCEMEDIACOM NORTH LIMITED shows that the average time taken to pay invoices has fluctuated over the past three periods, with an overall increase from 2018 to 2023. However, there has been a slight improvement in the most recent period.
Volatility Analysis
The data for ESSENCEMEDIACOM NORTH LIMITED shows that the percentage of invoices paid within 30 days has been fairly consistent, with a dip in 2020 followed by an increase in 2021. The percentage of invoices paid between 31 and 60 days has also been consistent, with a slight decrease in 2021. However, there has been more volatility in the percentage of invoices paid later than 60 days, which has fluctuated between 14% and 40% over the past three periods. The percentage of invoices not paid within agreed terms has also been volatile, ranging from 22% to 43%.
Summary Analysis
From 2018 to 2023, there has been an overall increase in the average time taken for ESSENCEMEDIACOM NORTH LIMITED to pay invoices, with a peak in 2019 at 82 days. However, there has been some improvement in the most recent period, with the average time decreasing to 58 days. The percentage of invoices paid within 30 days has remained fairly consistent, with a high of 66% in 2020 and a low of 38% in 2021. The percentage of invoices paid between 31 and 60 days has also remained consistent, with a high of 33% in 2018 and a low of 19% in 2019. The worst period for ESSENCEMEDIACOM NORTH LIMITED in terms of paying invoices later than 60 days was in 2019, with 40% of invoices being paid late.
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
Any other information about payment terms
N/A
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