ZOOPLA LIMITED
Company Information
- Company Number
- 06074771
- Registered Address
- The Cooperage, 5 Copper Row, London, England, SE1 2LH
- Status
- Active
- Employee Count
- 483.0
- Turnover
- 87294000.0
- EBITDA
- 11927000.0
Additional Details
- Website
- https://advantage.zpg.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 30 January 2007
- Nature of Business
- 62090 - Other information technology service activities$63110 - Data processing, hosting and related activities$63120 - Web portals
- Industries
- Property,Infrastructure And Construction,Software
- Region
- London
Company Location
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 | 01 Feb 2024 | 31 | 57% | 40% | 3% | 50% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 32 | 35% | 64% | 1% | 74% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 35 | 28% | 71% | 1% | 83% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 33 | 37% | 61% | 2% | 72% |
| 01 Oct 2021 - 31 Dec 2021 | 11 Jan 2022 | 36 | 50% | 43% | 7% | 55% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 34 | 58% | 32% | 10% | 45% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 32 | 54% | 39% | 7% | 51% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 32 | 60% | 33% | 7% | 42% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Apr 2020 | 27 | 71% | 28% | 1% | 37% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Nov 2019 | 27 | 71% | 28% | 1% | 37% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 29 | 62% | 35% | 4% | 44% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 25 | 83% | 16% | 1% | 29% |
| 01 Oct 2017 - 31 Mar 2018 | 24 Apr 2018 | 23 | 78% | 21% | 1% | 33% |
Company Summary
ZOOPLA LIMITED is a UK-based company that provides online property search and real estate services
The company was founded in 2007 and is headquartered in London
Sustainability is an important focus for ZOOPLA LIMITED, with a commitment to reducing their environmental impact through various initiatives such as promoting energy efficiency, reducing waste and carbon emissions, and promoting sustainable practices within their supply chain
The company's main product is its online property search platform, which allows users to search for properties to buy or rent in the UK
They also offer additional services such as property valuations, mortgage calculators, and property market reports
The key people at ZOOPLA LIMITED include its CEO, Charlie Bryant, and its CFO, Andrew Fisher
The company has a team of over 500 employees who are dedicated to providing quality services to their customers
ZOOPLA LIMITED can be contacted through their website, which is www.zoopla.co.uk
Their registered office address is The Cooperage, 5 Copper Row, London, SE1 2LH
In summary, ZOOPLA LIMITED is a leading online property search and real estate company in the UK, with a strong commitment to sustainability
They offer a range of services to help people find their perfect property and have a dedicated team of professionals working towards their mission
Company Review
Trend Analysis
The average time taken for ZOOPLA LIMITED to pay invoices has fluctuated between 23 and 36 days over the past three years. The percentage of invoices paid within 30 days has decreased from 83% in 2018 to 58% in 2021. However, the percentage of invoices paid between 31 and 60 days has increased from 16% in 2018 to 43% in 2021. This suggests that the company is taking longer to pay invoices, but is still paying a majority of them within the agreed terms.
Volatility Analysis
The volatility of ZOOPLA LIMITED's payment patterns can be seen in the fluctuations of the average time to pay, which has ranged from 23 to 36 days. The highest volatility can be seen in the percentage of invoices paid within 30 days, which has varied from 28% to 83% over the past three years. This indicates that the company's payment patterns are not consistent and can change significantly from period to period.
Summary Analysis
From October 2021 to December 2021, ZOOPLA LIMITED had the longest average time to pay at 36 days. This was also the period with the highest percentage of invoices paid later than 60 days at 7%. However, the company has shown improvement in paying invoices within agreed terms, with only 1% of invoices not paid within the agreed terms in this period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The business’ standard payment terms are 30 days unless agreement has been made with the vendor/individual where at a very minimum payment terms are to be 14 days. Suppliers are notified and consulted on these payment terms at the time of making business and a contract is signed upon agreement. Under no circumstances should any side favourable agreements be made beyond these payment terms unless exceptionally necessary.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The business moved to a no PO, no pay policy in May 2022, and continues to work to improve the process with a view to paying suppliers more promptly. 16% of invoices within the period required payment in 14 days or less but the internal payment process makes this difficult to accommodate. Payments runs are twice monthly which means many invoices just miss cut off for a payment run. And in December each year there is just one payment run due to the holidays. Payment is made on the first payment run after due date. Average payment days have remained close to the business' standard payment terms, and have reduced by 1 day compared to the last report. Since the last report, additional steps have been taken to reduce average payment days and improve paid within terms percentage (24% improvement compared to last report), by improving internal processes and bringing forward payment run dates where possible.
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the first instance, all disputed payments regardless of the circumstance is brought to the attention of the supplier and requester at Zoopla. This is usually done by email, detailing the reason behind the dispute, amount and contact details for Accounts. Suppliers are made aware of the hold on payment as soon as the accounts payable team have been made aware of the dispute. Depending on the complexity of the dispute, the solution can vary by a number of days, but suppliers are kept up to date at all times. If the dispute is in relation to the address and contact details, Accounts will notify supplier of the correct addressee and details via email stating payment will be made once amended invoice has been received. Under no circumstances will an invoice be settled with payment if the dispute has not been resolved.
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?
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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