| 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 2025 - 30 Jun 2025 | 29 Jul 2025 | 101 | 15% | 12% | 73% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 65 | 38% | 27% | 35% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 12 Aug 2020 | 59 | 40% | 29% | 31% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Feb 2020 | 56 | 44% | 33% | 23% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Sept 2019 | 71 | 33% | 20% | 47% | 68% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 46 | 42% | 35% | 23% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 52 | 43% | 25% | 32% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay our media vendors in line with industry standards, dependant 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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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.
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
Essence Global Limited is registered as an advertising agency and trades as EssenceMediacom, now presented as part of WPP Media. It operates as a media and communications agency, working with brands on audience strategy, media planning and activation, analytics, commerce and performance optimisation. The website describes discovering breakthroughs for brands through data, technology and integrated media campaigns, citing work for clients such as eBay, TUI, Coca-Cola and Airtel. The wider network is described as operating from 120 offices across 96 markets with over 10,000 people, though these figures relate to the global group rather than this UK registered entity alone.
Generated from the company's website and Companies House records. Sources: essenceglobal.com · essenceglobal.com