GUMTREECOM LIMITED

PaymentCheck Score 2022
82Good
1.8vs last year
#1526 in UK
#29 in Software
#675 in London

Company Information

Company Number
03934849
Registered Address
27 Old Gloucester Street, London, United Kingdom, WC1N 3AX
Status
Active
Employee Count
108
Turnover
£68,820,000
EBITDA
£14,735,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 February 2000
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Software
Region
London

Time to Pay

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

Payment Timeline

Within 30 Days
77%
31-60 Days
19%
After 60 Days
4%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
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: 2022-07-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202212 Jul 20222777%19%4%16%
01 Jul 2021 - 31 Dec 202131 Jan 20222379%17%4%15%
01 Jan 2021 - 30 Jun 202126 Jul 20212482%11%7%26%
01 Jul 2020 - 31 Dec 202015 Jan 20213357%37%6%38%
01 Jan 2020 - 30 Jun 202024 Jul 20203562%31%7%60%
01 Jul 2019 - 31 Dec 201910 Jan 20203163%31%6%40%
01 Jan 2019 - 30 Jun 201902 Oct 20193376%18%6%42%
01 Jul 2018 - 31 Dec 201802 Oct 20193573%18%9%45%
01 Jan 2018 - 30 Jun 201827 Jul 20184563%20%17%43%

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

Gumtree.com Ltd, as standard, pays all its suppliers and distributors no later than the last day of the month following the month in which the relevant undisputed invoice is received by Gumtree.com Ltd i.e. between 00 and 61 days from receipt. Variations to these standard payment terms are by exception only and only applied when negotiated and agreed by both parties.

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

Typically the supplier will coordinate with the PO requester and they will negotiate any disputes directly for low value dollar contracts (<250k). Other than that there is no exclusive dispute resolution process; the process may vary on the type of contract and the location where the service is provided.

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

Gumtree.com Limited is a British online classified advertisement and community website, founded in 2000. It provides a platform for users to buy, sell, and trade a variety of goods and services in their local area.

The company's sustainability program focuses on reducing their environmental impact and promoting responsible consumption among their users. They have implemented initiatives such as paperless billing, using renewable energy, and encouraging the reuse and recycling of items on the platform.

Gumtree.com offers a wide range of products and services, including cars, jobs, property, and household items. Users can also find services such as childcare, tutoring, and pet care. The platform is free for individuals to use, while businesses can pay for featured listings and advertising opportunities.

The company is led by its CEO, Morten Heuing, and has offices in London and Manchester. It is part of the eBay Classifieds Group, which operates similar classified websites in various countries.

The contact information for Gumtree.com Limited includes their website address, www.gumtree.com, and their registered office address at 111 Buckingham Palace Road, London, SW1W 0SR. Users can also reach out to the company through their customer support team for any inquiries or assistance. Overall, Gumtree.com Limited provides a convenient and sustainable platform for buying and selling goods and services, making it a popular choice among British consumers.

Financial Metrics

Cash
£18,082,000
Net Worth
£98,112,000
Total Current Assets
£44,362,000
Total Current Liabilities
£19,933,000

Company Location