LIGHTSPEED RESEARCH LTD
Company Information
- Company Number
- 03958994
- Registered Address
- South Bank Central, 30 Stamford Street, London, England, SE1 9LQ
- Status
- Active
- Employee Count
- 60
- Turnover
- £93,949,000
- EBITDA
- £23,123,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 March 2000
- Nature of Business
- 73200 - Market research and public opinion polling
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
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 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% |
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
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
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
Dispute Resolution Process
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.
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
LIGHTSPEED RESEARCH LTD. is a market research company based in London, UK. They specialize in providing data and insights to businesses and organizations through online surveys and data collection.
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. They have a paperless office policy, use eco-friendly materials for their surveys, and have installed energy-efficient equipment in their offices. They also encourage employees to use public transport or cycle to work.
LIGHTSPEED RESEARCH LTD. offers a wide range of products and services, including online surveys, data collection, and analytics. They have a global reach and work with clients from various industries, including consumer goods, healthcare, and technology.
The key people at LIGHTSPEED RESEARCH LTD. include CEO David Day, who has over 20 years of experience in market research, and COO Caroline Frankum, who has a background in psychology and consumer research.
Contact information for LIGHTSPEED RESEARCH LTD. can be found on their website, including their registered office address in London. Their website also provides information on their services, sustainability efforts, and career opportunities.
In summary, LIGHTSPEED RESEARCH LTD. is a leading market research company with a strong commitment to sustainability. They offer a range of products and services to help businesses make informed decisions, and their team of experienced professionals is dedicated to delivering high-quality insights.
