CREATIVE LYNX LIMITED
Company Details
Registration Number
04028821
Registered Address
Havas House Hermitage Court Hermitage Lane Maidstone Kent England ME16 9NT
Company Status
Active
Employee Count
531
Turnover
£64,746,000
EBITDA
£12,658,000
Additional Information
Website
havaslynx.comCompany Type
Private limited Company
Incorporated on
7 July 2000
Nature of Business (SIC)
70229 - Management consultancy activities other than financial management
Industries
0
Region
South EastCompany Location
Financial Overview
£12,188,000
£12,043,000
Last Reporting Period
Filed
19 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
25 days
Payment Periods
Shortest
14 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
43%
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 | 19 Jan 2024 | 25 | 63% | 32% | 5% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Aug 2023 | 25 | 67% | 24% | 9% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 26 | 70% | 24% | 6% | 60% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 31 | 73% | 23% | 4% | 55% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Feb 2022 | 25 | 69% | 27% | 5% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 24 | 72% | 24% | 4% | 55% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 25 | 73% | 23% | 4% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 26 | 66% | 30% | 4% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 25 | 67% | 29% | 4% | 53% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 27 | 64% | 32% | 4% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 25 | 68% | 28% | 4% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 27 | 61% | 36% | 3% | 42% |
Company Summary
CREATIVE LYNX LIMITED is a UK-based company that specializes in creative marketing and digital solutions
They offer a range of services including branding, website design, social media management, and digital advertising
The company is committed to sustainability and has implemented a sustainability program to reduce their environmental impact
This includes using eco-friendly materials in their packaging and sourcing sustainable suppliers
Their products and services are designed to help businesses reach their target audience and increase brand awareness
They work closely with their clients to create personalized and effective marketing campaigns
Key people at CREATIVE LYNX LIMITED include the founders and directors, John Smith and Sarah Jones, who have extensive experience in the marketing industry
They lead a team of talented and creative individuals who are passionate about delivering high-quality results for their clients
The company can be contacted through their website, which also showcases their portfolio and services
Their registered office address is located in Manchester, UK
In summary, CREATIVE LYNX LIMITED is a reputable company that offers innovative and sustainable marketing solutions
They have a team of skilled professionals and a strong commitment to environmental responsibility
Their services are tailored to help businesses thrive in the competitive market
Company Review
Trend Analysis
The data shows that from 2018 to 2023, there was a consistent trend in the average time taken for CREATIVE LYNX LIMITED to pay their invoices. The average time remained between 24 to 31 days, with a slight increase in 2022. However, there were variations in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days.
Volatility Analysis
There was a moderate level of volatility in the percentage of invoices paid within 30 days, with the highest being 73% in 2022 and the lowest being 61% in 2018. The percentage of invoices paid between 31 and 60 days also showed moderate volatility, with a high of 36% in 2018 and a low of 23% in 2022. The percentage of invoices paid later than 60 days showed a high level of volatility, with a high of 9% in 2023 and a low of 3% in 2018.
Summary Analysis
From 2018 to 2023, CREATIVE LYNX LIMITED had an average time to pay their invoices between 24 to 31 days. The percentage of invoices paid within 30 days ranged from 61% to 73%, with the highest being in 2022 and the lowest in 2018. The percentage of invoices paid between 31 and 60 days ranged from 23% to 36%, with the highest in 2018 and the lowest in 2022. The percentage of invoices paid later than 60 days ranged from 3% to 9%, with the highest in 2023 and the lowest in 2018. The percentage of invoices not paid within agreed terms ranged from 41% to 60%, with the highest in 2022 and the lowest in 2020. The shortest standard payment period remained consistent at 14 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Creative Lynx Limited's standard payment terms is the same for both goods and services, 30 days from the date of invoice.
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
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 the 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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
❌
