MYCITYDEAL LIMITED
Company Information
- Company Number
- 07112363
- Registered Address
- Floor 11 Aldgate Tower, 2 Leman Street, London, United Kingdom, E1 8FA
- Status
- Active
- Employee Count
- 206
- Turnover
- £16,824,000
- EBITDA
- -£442,000
Additional Details
- Website
- https://groupon.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 23 December 2009
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 05 Jul 2024 | 8 | 99% | 0% | 1% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Jan 2024 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Jul 2023 | 9 | 99% | 1% | 0% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 04 Jan 2023 | 9 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 23 Aug 2022 | 9 | 99% | 1% | 0% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 05 Jan 2022 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 8 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 8 | 99% | 0% | 1% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 8 | 99% | 1% | 0% | 5% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
MyCityDeal Limited ("Groupon UK") is an entity in the United Kingdom who operates an online local commerce marketplace that connects merchants to consumers by offering vouchers for goods and services, generally at a discount. The Ultimate Parent of Groupon UK is Groupon, Inc., which has its headquarters in Chicago, Illinois, U.S.A. The majority of contracts entered into by Groupon UK concern payments to merchants for which it sells vouchers on the www.groupon.co.uk website. Given the nature of its business model, Groupon UK invoices merchants for marketing services. A percentage paid by customers for vouchers is held back as payment for these invoices and the difference is remitted to merchants. Groupon UK's standard payment terms under merchant contracts are 14 business days. For the purpose of the above reporting requirement we have converted this to 18 calendar days. Groupon UK's standard payment terms under non-merchant contracts are 90 business days.
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
90
Dispute Resolution Process
If a merchant objects to the sums paid or not paid, the first step would be to contact their Groupon UK account manager to discuss. Groupon UK's reconciliations team will then be involved to resolve the dispute. For disputes related to non-merchant contracts, the service provider should contact their primary business contact in Groupon UK to resolve.
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
Company Summary
MYCITYDEAL LIMITED is a UK-based company that offers a range of deals and discounts on various products and services in different cities across the country. The company was founded in 2009 and has quickly become one of the leading deal providers in the UK.
The company's sustainability program focuses on reducing their carbon footprint and promoting eco-friendly practices. They have implemented recycling and energy-saving measures in their offices, as well as encouraging their employees to use public transportation or carpool to work. Additionally, they have partnered with various charities and organizations to support environmental causes.
MYCITYDEAL LIMITED offers a wide variety of products and services, including travel deals, local experiences, and discounted products from well-known brands. They also have a dedicated section for sustainable and eco-friendly products, promoting a more conscious and responsible way of shopping.
The company is led by a team of experienced and passionate individuals, including their CEO, CFO, and Managing Director. They are committed to providing the best deals and services to their customers while also prioritizing sustainability and ethical business practices.
To access their deals and services, customers can visit their website at www.mycitydeal.co.uk. The company's registered office address is located at 33 Cavendish Square, Marylebone, London, W1G 0PW.
