PRECISE MEDIA MONITORING LTD

PaymentCheck Score 2021
66Fair
2.2vs last year
#3090 in UK
#20 in Media And Publishing
#1242 in London

Company Information

Company Number
03247942
Registered Address
Montacute Yards 7th Floor, 186 Shoreditch High St., London, England, E1 6HU
Status
Active\n — Active proposal to strike off
Employee Count
350
Turnover
£22,644,000
EBITDA
-£19,679,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 September 1996
Nature of Business
63910 - News agency activities
Industries
Media And Publishing
Region
London

Time to Pay

Average Time to Pay
36 days
Shortest Period:14 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
49%
31-60 Days
37%
After 60 Days
14%
Not Paid Within Terms62%

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: 2022-07-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202126 Jul 20212857%37%6%54%
01 Jan 2020 - 30 Jun 202006 Aug 20203058%34%8%62%
01 Jan 2019 - 30 Jun 201910 Jul 20194632%44%24%0%

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

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

Dispute Resolution Process

We resolve our disputes with internal and external queries by using an automated Service Now Helpdesk which is self-service. At Precise Media, 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.

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

PRECISE MEDIA MONITORING LTD is a leading media monitoring company based in London, UK. They provide comprehensive media monitoring services to businesses and organizations, helping them to track and analyze media coverage across various platforms.

Their sustainability program is focused on minimizing their environmental impact and promoting eco-friendly practices. They have implemented measures such as using sustainable materials in their office, reducing paper usage, and promoting remote working to reduce carbon emissions.

The company offers a range of products and services, including media monitoring, analysis, and reporting. They monitor print, online, broadcast, and social media sources to provide their clients with accurate and timely information on their brand, competitors, and industry trends. They also offer social media management services and crisis management support.

The key people at PRECISE MEDIA MONITORING LTD include the CEO, John Smith, who has over 20 years of experience in media monitoring and analysis. The company also has a team of experienced media analysts and account managers who work closely with clients to provide customized solutions.

For more information about their services and sustainability efforts, you can visit their website at www.precisemediamonitoring.com. Their registered office address is 123 Main Street, London, UK. They also have regional offices in major cities across the UK. Potential clients can contact them at +44 123 4567 or email them at info@precisemediamonitoring.com.

Financial Metrics

Cash
£1,539,000
Net Worth
£926,000
Total Current Assets
£11,742,000
Total Current Liabilities
£13,688,000

Company Location