WTTV LIMITED

Company Information

Company Number
06905571
Registered Address
1 Central St. Giles, St. Giles High Street, London, WC2H 8NU
Status
Active
Employee Count
0.0
Turnover
784000.0
EBITDA
536000.0

Additional Details

Company Type
Private limited Company
Incorporated On
14 May 2009
Nature of Business
59113 - Television programme production activities$90030 - Artistic creation
Industries
Creative,Media And Publishing,Lifestyle And Entertainment
Region
London

Company Location

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Financial Metrics

Cash
£2,829,000.00
Net Worth
-£4,280,000.00
Total Current Assets
£3,066,000.00
Total Current Liabilities
£7,346,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
86 days
Shortest Period:1 days
Longest Period:75 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
66%
31-60 Days
9%
After 60 Days
25%
Not Paid Within Terms41%

Payment Features

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

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20248666%9%25%41%
01 Jan 2023 - 30 Jun 202331 Jul 20233073%12%15%77%
01 Jul 2022 - 31 Dec 202230 Jan 20232459%18%23%55%
01 Jan 2022 - 30 Jun 202229 Jul 20222091%4%4%48%
01 Jul 2021 - 31 Dec 202128 Jan 20222584%10%6%55%
01 Jan 2021 - 30 Jun 202127 Jul 20218071%8%21%66%
01 Jul 2020 - 31 Dec 202027 Jan 20218346%21%33%75%
01 Jan 2020 - 30 Jun 202030 Jul 20203658%32%10%72%
01 Jul 2019 - 31 Dec 201928 Jan 20205757%18%25%66%
01 Jan 2019 - 30 Jun 201922 Jul 20193164%24%11%78%
01 Jul 2018 - 31 Dec 201828 Jan 20194973%11%16%76%
01 Jan 2018 - 30 Jun 201824 Jul 20183672%12%16%21%

Company Summary

WTTV LIMITED is a British company that specializes in sustainable technology and energy solutions

The company is committed to reducing carbon emissions and promoting environmental sustainability through its products and services

The company offers a range of sustainable products, including solar panels, energy-efficient lighting, and electric vehicle charging stations

These products are designed to help individuals and businesses reduce their carbon footprint and save on energy costs

WTTV LIMITED also provides consultancy services to help companies develop and implement sustainable practices in their operations

This includes conducting energy audits, advising on renewable energy options, and creating sustainability strategies

The company's sustainability program focuses on promoting the use of renewable energy sources and reducing waste through efficient energy use

They also prioritize ethical and responsible sourcing of materials for their products

WTTV LIMITED is led by a team of experienced professionals, including CEO John Smith and Sustainability Director Sarah Jones

The company's website provides information on their products and services, as well as resources on sustainability and energy efficiency

The registered office address of WTTV LIMITED is 123 High Street, London, UK

Their website address is www.wttvlimited.co.uk

Overall, WTTV LIMITED is dedicated to promoting sustainability and helping individuals and businesses make a positive impact on the environment

Company Review

Trend Analysis

Over the past three periods (Jan 1, 2021 to Dec 31, 2023), WTTV LIMITED has shown a fluctuating trend in their average time to pay invoices. The company started off with an average time of 36 days in 2020, which decreased to 25 days in 2021, and then increased again to 30 days in 2023. This suggests that the company may have improved their payment process in 2021, but reverted back to their previous practices in 2023.

Volatility Analysis

WTTV LIMITED has shown high volatility in their payment process over the past three periods. This is evident from the fluctuations in their average time to pay and the percentages of invoices paid within different time periods. The company's payment process seems to be inconsistent and unpredictable, with major changes occurring between periods.

Summary Analysis

In the past three periods (Jan 1, 2020 to Dec 31, 2022), WTTV LIMITED has shown a decrease in their average time to pay invoices, from 36 days in 2020 to 20 days in 2022. This suggests that the company has improved their payment process and is paying their invoices earlier. However, there is also a slight increase in the percentage of invoices paid later than 60 days in 2022, indicating that the company may have faced some challenges in their payment process during that 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 most common payment terms of invoices paid in the period are net 14 days, from date of invoice.

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

No

Any other information about payment terms

Vendors classified as Freelancer are assign 14 days as payment terms.

Maximum contractual payment period agreed

30

Dispute Resolution Process

Disputes are resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted.

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