DOUBLE NEGATIVE LIMITED

Company Information

Company Number
03325701
Registered Address
160 Great Portland Street, London, W1W 5QA
Status
Active
Employee Count
741
Turnover
£54,896,000
EBITDA
-£1,887,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 February 1997
Nature of Business
59120 - Motion picture, video and television programme post-production activities
Industries
Digital Entertainment, Media And Publishing
Region
London

Time to Pay

Average Time to Pay
25 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
70%
31-60 Days
20%
After 60 Days
10%
Not Paid Within Terms30%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-11-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2019 - 30 Sept 201915 Nov 20192570%20%10%30%
01 Apr 2018 - 30 Sept 201830 Oct 20183963%18%19%37%

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

30 days from invoice date

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

No information available

Any other information about payment terms

NA

Maximum contractual payment period agreed

60

Dispute Resolution Process

All disputes are handled by the accounts payable team with assistance from the department who have acquired the goods or services for example the Double Negative facilities department.

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

DOUBLE NEGATIVE LIMITED is a British visual effects and post-production company that has been providing high-quality services to the film and television industry since 1998. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes recycling and reducing waste, using energy-efficient equipment, and promoting sustainable practices among their employees. They have also partnered with local organizations to support community projects and charities.

The company offers a wide range of services, including visual effects, animation, and post-production. They have worked on numerous blockbuster films, such as Harry Potter, Avengers, and Star Wars, and have won several awards for their outstanding work.

The key people behind DOUBLE NEGATIVE LIMITED are CEO Alex Hope and COO Graham Jack. They have a team of highly skilled and experienced professionals who are dedicated to delivering top-notch services to their clients.

Their website address is www.dneg.com, where clients can find more information about their services and projects. The registered office address is 160 Great Portland Street, London, W1W 5QA, United Kingdom.

In conclusion, DOUBLE NEGATIVE LIMITED is a leading visual effects and post-production company in the UK, known for its commitment to sustainability and high-quality services. With a talented team and a strong focus on environmental responsibility, the company continues to thrive in the competitive film and television industry.

Financial Metrics

Cash
£1,577,000
Net Worth
-£15,681,000
Total Current Assets
£102,505,000
Total Current Liabilities
£70,372,000

Company Location