Industry ranking
The trend for LIGHTSPEED RESEARCH LTD. from 2018 to 2023 shows a decrease in the average time taken to pay invoices, with the lowest average time of 30 days in 2019. The percentage of invoices paid within 30 days has also increased, reaching a peak of 58% in 2019. However, there has been an increase in the percentage of invoices paid later than 60 days, reaching a high of 32% in 2018. Overall, there has been a gradual improvement in payment timeliness over the years.
The volatility for LIGHTSPEED RESEARCH LTD. can be seen in the fluctuations of the percentage of invoices paid on time. In 2018, there was a significant increase in the percentage of invoices paid later than 60 days, followed by a sharp decrease in 2019. This trend continued in 2020, with a spike in the percentage of invoices paid later than 60 days, followed by a decrease in 2021. However, the volatility seems to have stabilized in recent years, with smaller changes in the percentages.
| 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 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 40 | 45% | 27% | 29% | 51% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 39 | 36% | 43% | 21% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 44 | 31% | 44% | 25% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 39 | 36% | 43% | 21% | 51% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 40 | 36% | 43% | 21% | 56% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 26% | 51% | 23% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 39 | 40% | 38% | 22% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Jan 2020 | 30 | 58% | 34% | 9% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 31 | 56% | 35% | 10% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 37 | 47% | 37% | 16% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 51 | 22% | 46% | 32% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 60 days end of month from receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Whilst our standard terms are 60 days end of month of receipt of invoice, for freelancers and small contractors, we have an exception process to set these up to pay between 14 and 30 days.
Maximum contractual payment period agreed
60
We resolve our disputes with internal and external queries by using an automated Service Now Helpdesk which is self-service. At Lightspeed Research, vendors can email invoicestopay@kantar.com with a query. If it relates to a previous invoice submitted they should note the FIN number received when they first submitted invoice as this will help deal with queries. SLAs on query responses are 2 working days from receipt. Within the automated response received when a query is submitted there is also an escalation process if the query is not resolved to a satisfactory standard.
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
Lightspeed Research Ltd. is a UK-registered company carrying out market research and public opinion polling, as reflected in its registered SIC classification. It was incorporated in 2000, having previously traded under different names before adopting its current one. Companies House records show it is controlled by Taylor Nelson Sofres International Limited, indicating it operates as part of a wider market research group rather than as an independent trading business. The company remains active, with regular confirmation statements and annual accounts filed. No further detail on specific research methods, sectors served or client base is available from the evidence provided, so this summary is limited to what can be confirmed from official filings.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk