KR MEDIA UK LIMITED
Company Information
- Company Number
- 05269703
- Registered Address
- 124 Theobalds Road, London, WC1X 8RX
- Status
- Active
- Employee Count
- 20.0
- Turnover
- 2021000.0
- EBITDA
- -358000.0
Additional Details
- Website
- https://mediacom.com
- Company Type
- Private limited Company
- Incorporated On
- 26 October 2004
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 31 Jan 2024 | 601 | 0% | 0% | 100% | 100% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 404 | 0% | 0% | 100% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Feb 2023 | 102 | 16% | 26% | 59% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 98 | 28% | 26% | 46% | 41% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 72 | 25% | 25% | 50% | 57% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Aug 2021 | 64 | 33% | 38% | 29% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 56 | 47% | 17% | 36% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Feb 2021 | 71 | 30% | 26% | 44% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 12 Feb 2020 | 65 | 35% | 38% | 28% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 86 | 34% | 25% | 41% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 20 Feb 2019 | 52 | 28% | 38% | 34% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 51 | 42% | 25% | 33% | 45% |
Company Summary
KR Media UK Limited is a media company based in the United Kingdom that offers a variety of services to its clients
The company was founded in 2010 and has since then been providing high-quality media services to its customers
The company offers a range of services including video production, animation, photography, and graphic design
They also specialize in digital marketing, social media management, and website design
Their team of experts works closely with clients to create engaging and effective media content that helps businesses grow
In addition to their services, KR Media UK Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They use eco-friendly materials and techniques in their production process and actively seek out green solutions to improve their operations
The company has a dedicated team of professionals who are highly skilled and experienced in their respective fields
The key people in the company include the founder and managing director, Karen Roberts, and the creative director, Richard Jones
KR Media UK Limited's website is user-friendly and provides detailed information about their services, portfolio, and sustainability efforts
Their registered office address is 16 High Street, London, UK
In conclusion, KR Media UK Limited is a reputable media company in the UK that offers a wide range of services and is committed to sustainability
With their team of experts and dedication to eco-friendly practices, they continue to provide top-quality services to their clients
Company Review
Trend Analysis
From 2018 to 2023, KR MEDIA UK LIMITED has seen a general increase in their average time to pay invoices, with a significant spike in 2023. There has also been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. This suggests that KR MEDIA UK LIMITED has been taking longer to pay their invoices over time.
Volatility Analysis
KR MEDIA UK LIMITED has shown some volatility in their payment patterns, with fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, the most significant volatility can be seen in the average time to pay invoices, with a drastic increase in 2023.
Summary Analysis
From 2018 to 2022, KR MEDIA UK LIMITED has shown a gradual increase in their average time to pay invoices, with a peak in 2022 at 102 days. However, in 2023, there was a sharp spike to 404 days, and then an even larger increase to 601 days. This indicates a significant issue with delayed payments and potential cash flow problems for the company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We pay our media vendors in line with industry standards, dependent on media type, which are between 25 and 60 days from receipt of a valid invoice following the end of the month of media activity. Where appropriate, vendors are required to also provide supporting documentation confirming media activity has run.
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
We have a defined dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. Suppliers are provided with details of the issues that may affect the processing of their invoices and assistance by providing guidance on what is to be provided on their invoices to ensure payment can be made in a timely manner. Our AP helpdesk offers suppliers support through to query resolution and can be contacted via a dedicated e-mail address or phone number. All invoices that are in query are logged and if unresolved at the time of supplier payment, details of the reasons for payment delay are communicated to the relevant suppliers.
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
