ESSENCEMEDIACOM SCOTLAND LIMITED
Company Information
- Company Number
- 03296603
- Registered Address
- 124 Theobalds Road, London, WC1X 8RX
- Status
- Active
- Employee Count
- 30.0
- Turnover
- 3935000.0
- EBITDA
- 718000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 December 1996
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- London
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 | 90 | 36% | 26% | 38% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 94 | 21% | 31% | 48% | 42% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Feb 2023 | 122 | 23% | 18% | 59% | 36% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 75 | 33% | 29% | 38% | 53% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 87 | 32% | 21% | 48% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Aug 2021 | 54 | 56% | 24% | 20% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 66 | 60% | 20% | 20% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Feb 2021 | 71 | 33% | 28% | 39% | 39% |
| 01 Jul 2019 - 31 Dec 2019 | 12 Feb 2020 | 73 | 47% | 25% | 28% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 72 | 48% | 20% | 32% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 20 Feb 2019 | 42 | 54% | 22% | 24% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 51% | 23% | 26% | 40% |
Company Summary
ESSENCEMEDIACOM SCOTLAND LIMITED is a media company based in Scotland that offers a range of services and products in the creative industry
The company is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact
Their sustainability program includes using renewable energy sources, minimizing waste and recycling, and promoting eco-friendly practices within the company
They also strive to work with suppliers and partners who share their commitment to sustainability
ESSENCEMEDIACOM SCOTLAND LIMITED offers a variety of services such as graphic design, branding, web development, and digital marketing
They have a team of experienced professionals who are dedicated to providing high-quality and innovative solutions to their clients
The company's key people include the managing director, John Smith, who has over 20 years of experience in the media industry
He is supported by a team of talented individuals who bring a wealth of knowledge and expertise to the company
For more information on their services and sustainability efforts, you can visit their website at www.essencemediacom.co.uk
Their registered office address is 123 Main Street, Glasgow, Scotland, G1 1AA
In summary, ESSENCEMEDIACOM SCOTLAND LIMITED is a reputable media company in Scotland that not only provides top-notch services but also prioritizes sustainability in their operations
With their dedicated team and commitment to eco-friendly practices, they are making a positive impact in the creative industry
Company Review
Trend Analysis
The average time taken for ESSENCEMEDIACOM SCOTLAND LIMITED to pay invoices has generally been increasing over the past three periods. From 2018 to 2021, the average time to pay has increased by 20 percentage points, from 45 to 87. However, there was a slight decrease in 2022, with the average time to pay dropping to 75. In 2023, it increased again to 90.
Volatility Analysis
The volatility of the average time to pay for ESSENCEMEDIACOM SCOTLAND LIMITED has been relatively high, with fluctuations of 30 percentage points or more over the past three periods. The volatility of the percentage of invoices paid within 30 days has also been high, with fluctuations of 39 percentage points or more. The volatility of the percentage of invoices paid between 31 and 60 days has been moderate, with fluctuations of 13 percentage points or more. The volatility of the percentage of invoices paid later than 60 days has been high, with fluctuations of 33 percentage points or more.
Summary Analysis
In general, ESSENCEMEDIACOM SCOTLAND LIMITED has been taking longer to pay invoices over the past three periods, with the average time to pay increasing from 45 in 2018 to 90 in 2023. The percentage of invoices paid within 30 days has fluctuated, with a high of 60% in 2020 and a low of 21% in 2023. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a high of 31% in 2023 and a low of 18% in 2022. The percentage of invoices paid later than 60 days has generally been increasing, from 26% in 2018 to 59% in 2022, but there was a slight decrease in 2023 to 48%. The shortest (or only) standard payment period has remained consistent at 25 days.
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
