SPARK FOUNDRY LIMITED
Company Information
- Company Number
- 03457650
- Registered Address
- 1st Floor 2 Television Centre, 101 Wood Lane, London, England And Wales, United Kingdom, W12 7FR
- Status
- Active
- Employee Count
- 354.0
- Turnover
- 41424000.0
- EBITDA
- 10489000.0
Additional Details
- Website
- https://www.blue449.com/
- Company Type
- Private limited Company
- Incorporated On
- 24 October 1997
- 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 | 37 | 54% | 36% | 10% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Sept 2023 | 37 | 40% | 50% | 10% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 55 | 54% | 25% | 21% | 46% |
Company Summary
SPARK FOUNDRY LIMITED is a leading global media agency that provides innovative marketing solutions for its clients
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility
In terms of products and services, SPARK FOUNDRY LIMITED offers media planning and buying, digital and data-driven solutions, content creation, and analytics
The company works with a diverse range of clients across various industries, including consumer goods, technology, and entertainment
Key people at SPARK FOUNDRY LIMITED include the CEO, Chris Boothe, who has over 25 years of experience in the media industry
Other notable figures include the Chief Strategy Officer, Lisa Donohue, and the Chief Digital Officer, Arun Kumar
The company's sustainability program includes measures such as reducing carbon emissions, promoting diversity and inclusion, and supporting local communities
SPARK FOUNDRY LIMITED also partners with various organizations and NGOs to support environmental and social causes
For more information on SPARK FOUNDRY LIMITED and its services, you can visit their website at www.sparkfoundry.com
The company's registered office address is 42 St John's Square, London, EC1V 4QR, United Kingdom
Company Review
Trend Analysis
The average time taken for SPARK FOUNDRY LIMITED to pay invoices has decreased from 55 days in Jul 2022 to 37 days in Dec 2023, showing a positive trend towards earlier payments.
Volatility Analysis
The company has shown moderate volatility in their payment patterns, with the highest volatility seen in the percentage of invoices paid later than 60 days, which fluctuates between 10% and 25%.
Summary Analysis
Between Jul 2022 and Dec 2023, SPARK FOUNDRY LIMITED has shown a significant improvement in their payment terms, with the average time taken to pay invoices decreasing by 18 days. The percentage of invoices paid within 30 days has also increased by 10%, while the percentage of invoices paid later than 60 days has decreased by 15%. This suggests a trend towards earlier payments and a decrease in late payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 60 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled. Agencies are able to amend the standard payment terms for their business needs, within the Vendor Master Data File.
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
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via our automatic ticketing support service, RVIC at the following link https://www.resourcesvendoric.com. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
