CONVERGYS CMG UK LIMITED

Company Information

Company Number
04939699
Registered Address
Pillsbury Winthrop Shaw Pittman Llp, Tower 42 Level 23 25 Old Broad Street, London, England, EC2N 1HQ
Status
Active
Employee Count
1,126
Turnover
£61,959,000
EBITDA
-£13,155,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 October 2003
Nature of Business
82200 - Activities of call centres
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
39 days
Shortest Period:0 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
58%
31-60 Days
23%
After 60 Days
19%
Not Paid Within Terms20%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2018-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201831 Jul 20183958%23%19%20%

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 typical terms in EMEA are 30 days. We do have exceptions for certain suppliers when agreed upon.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

If our Accounts payable department receives an invoice and we do not have a PO to pay the invoice against we move the invoices to exception in our financial systems. We then reach out to the end user to gain a PO so we can make the payment. Accounts Payable also reviews statements that we receive from suppliers to make sure that we have the invoices in our systems. If Convergys does not have an invoice listed on a statement we reach out to the vendor to obtain the invoice and then work with the end user to create a PO if needed.

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

CONVERGYS CMG UK LIMITED is a leading global provider of customer management solutions, with a strong focus on sustainability. The company offers a wide range of products and services to help businesses improve their customer experience and streamline their operations.

In terms of sustainability, CONVERGYS CMG UK LIMITED has a comprehensive program in place to reduce its environmental impact. This includes initiatives such as energy efficiency, waste reduction, and the use of renewable energy sources. The company also works closely with its clients to help them achieve their own sustainability goals.

The company's key products and services include customer service and technical support, sales and marketing, and analytics and consulting. These solutions are designed to help businesses improve their customer interactions, increase efficiency, and drive revenue growth.

Some key people at CONVERGYS CMG UK LIMITED include its CEO, Jim Flyzik, and its President, Andrew Gwynn. The company's registered office address is 1 Aldgate, London, EC3N 1RE, United Kingdom.

For more information on CONVERGYS CMG UK LIMITED and its sustainability efforts, interested individuals can visit their website: www.convergys.com/uk. The website provides details on the company's products and services, as well as its sustainability initiatives and achievements. Customers and potential clients can also contact the company through its website for inquiries and support.

Financial Metrics

Cash
£229,000
Net Worth
£13,460,000
Total Current Assets
£77,414,000
Total Current Liabilities
£65,522,000

Company Location