REED ONLINE LIMITED
Company Information
- Company Number
- 06317279
- Registered Address
- Academy Court, 94 Chancery Lane, London, WC2A 1DT
- Status
- Active
- Employee Count
- 256.0
- Turnover
- 46630000.0
- EBITDA
- 2369000.0
Additional Details
- Website
- https://reed.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 18 July 2007
- Nature of Business
- 78109 - Other activities of employment placement 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 | 30 Jan 2024 | 24 | 84% | 14% | 2% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 26 | 85% | 13% | 2% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 25 | 87% | 10% | 3% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 27 | 79% | 17% | 4% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 27 | 82% | 12% | 6% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 25 | 84% | 14% | 2% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 27 | 74% | 24% | 2% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 28 | 73% | 25% | 2% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 22 | 87% | 11% | 2% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 25 | 79% | 17% | 4% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 30 | 73% | 22% | 5% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 28 | 76% | 18% | 6% | 24% |
| 01 Jul 2017 - 31 Dec 2017 | 25 Jan 2018 | 35 | 65% | 27% | 8% | 35% |
Company Summary
REED ONLINE LIMITED is a UK-based company that specializes in providing online recruitment services
Founded in 1995, the company has become one of the leading providers of online recruitment solutions in the UK
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices
They have implemented various initiatives such as using renewable energy sources, reducing waste and promoting eco-friendly practices among their employees
REED ONLINE LIMITED offers a range of products and services to both job seekers and employers
Job seekers can use their website to search for job opportunities, create profiles and receive job alerts
Employers can use their services to advertise job vacancies, manage applications and access a database of CVs
The company's key people include James Reed, the founder and chairman, and Tom Lovell, the group managing director
They also have a team of experienced professionals who are dedicated to providing efficient and effective recruitment solutions
For more information, customers can visit their website at www.reed.co.uk
The company's registered office address is at Academy Court, 94 Chancery Lane, London, WC2A 1DT
With their commitment to sustainability and their comprehensive range of recruitment services, REED ONLINE LIMITED continues to be a trusted and reliable choice for job seekers and employers in the UK
Company Review
Trend Analysis
The average time taken for Reed Online Limited to pay invoices has generally decreased over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has increased steadily, while the percentage of invoices paid later than 60 days has decreased significantly. The percentage of invoices not paid within agreed terms has also decreased, with a slight increase in the most recent period.
Volatility Analysis
There is a general trend of decreasing volatility in the average time taken to pay invoices, with the largest change occurring in the period from 2017-07-01 to 2018-06-30. The percentage of invoices paid within 30 days has also become less volatile, while the percentage of invoices paid later than 60 days has shown the most significant decrease in volatility.
Summary Analysis
From 2017-07-01 to 2023-06-30, the average time taken for Reed Online Limited to pay invoices has decreased by 8 days (23%). The percentage of invoices paid within 30 days has increased by 19%, while the percentage of invoices paid later than 60 days has decreased by 6%. The percentage of invoices not paid within agreed terms has also decreased by 3%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 30 day terms
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
Any dispute is resolved between the accounts department and the supplier. In the first instance disputes will be dealt with by the individuals responsible for the supply agreement, with support from the finance department. Failure to meet resolution will be escalated to the Finance Director
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?
No information available
