HAVAS WORLDWIDE LONDON LIMITED
Company Information
- Company Number
- 03675746
- Registered Address
- Havas House Hermitage Court, Hermitage Lane, Maidstone, Kent, England, ME16 9NT
- Status
- Active
- Employee Count
- 189.0
- Turnover
- 77333000.0
- EBITDA
- -2314000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 November 1998
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- South East
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 | 46 | 27% | 54% | 20% | 38% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 46 | 31% | 49% | 21% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 48 | 31% | 46% | 23% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 44 | 35% | 48% | 17% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 44 | 32% | 51% | 17% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 45 | 35% | 55% | 10% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 47 | 32% | 49% | 19% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 49 | 27% | 53% | 20% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 32% | 49% | 19% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 49 | 30% | 51% | 19% | 29% |
Company Summary
HAVAS WORLDWIDE LONDON LIMITED is a global advertising and communications company based in London, United Kingdom
The company's mission is to help brands create meaningful connections with consumers through creative and innovative marketing strategies
The company offers a range of services including branding, digital marketing, media planning, and public relations to clients across various industries
Some of their notable clients include Coca-Cola, Unilever, and L'Oreal
HAVAS WORLDWIDE LONDON LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a sustainability program in place that focuses on reducing carbon emissions, waste, and water usage
The company also encourages their employees to participate in volunteer activities and supports various charitable organizations
Some of the key people at HAVAS WORLDWIDE LONDON LIMITED include CEO Xavier Rees, Chief Creative Officer Vicki Maguire, and Chief Strategy Officer Mark Sinnock
The company's website is www.havasworldwide.com/london and their registered office address is 3 Pancras Square, London N1C 4AG, United Kingdom
Overall, HAVAS WORLDWIDE LONDON LIMITED is a leading advertising and communications company that is committed to sustainability and helping brands connect with their consumers
Company Review
Trend Analysis
The average time for HAVAS WORLDWIDE LONDON LIMITED to pay invoices has fluctuated over the past three periods but has remained relatively consistent. In 2019, the average time to pay was 49 days, which decreased to 47 days in 2020 and increased to 45 days in 2021. However, in 2022 and 2023, the average time to pay remained constant at 46 days. Overall, there has been a slight decrease in the average time to pay over the past three periods.
Volatility Analysis
The volatility of HAVAS WORLDWIDE LONDON LIMITED's payment behavior can be seen in the fluctuations of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. These percentages have varied between periods, with the highest change being a 5% increase in the percentage of invoices paid later than 60 days in 2023 compared to 2022. This indicates that the company's payment behavior is not consistent and can change significantly from one period to another.
Summary Analysis
HAVAS WORLDWIDE LONDON LIMITED's payment behavior has remained relatively consistent over the past three periods, with a slight decrease in the average time to pay. The company has consistently paid the majority of its invoices within 30 days, with a range of 30-35% in each period. However, there has been a slight increase in the percentage of invoices paid later than 60 days, with the highest being 23% in 2022. The company has also consistently maintained a standard payment period of 14 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Havas Shared Services Limited's standard payment terms are the same for both goods and services, 30 days from the date of invoice. (NB This is company not a calculation)
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
59
Dispute Resolution Process
All disputes are initially dealt with by Accounts Payable. Each supplier has an assigned person who can contact the relevant purchasing division to resolve any queries that may arise Following resolution the supplier will be paid on next available payment run if past due or as per their standard payment terms.
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