SPARK44 LIMITED
Company Information
- Company Number
- 07535381
- Registered Address
- C/O Quantuma Advisory Limited 7th Floor 20, St Andrew Street, London, EC4A 3AG
- Status
- Liquidation
- Employee Count
- 166
- Turnover
- £18,752,000
- EBITDA
- -£751,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 February 2011
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Marketing And Sales
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SPARK44 LIMITED consistently demonstrates excellent payment speed, with an average payment time of just 13 days. A remarkable 95% of invoices are settled within 30 days, indicating a strong and positive trend of timely financial operations. This trajectory suggests reliable and efficient payment practices for suppliers.
Volatility Analysis
Payment reliability is very high, with 95% of invoices paid within 30 days, suggesting predictable cash flow for suppliers. While 6% of payments are technically late, all are settled within 60 days, showing minimal severe unpredictability. The complete absence of payments exceeding 60 days mitigates significant risk factors regarding extremely delayed payments.
Summary Analysis
SPARK44 LIMITED presents a very low payment risk profile, characterized by exceptionally fast average payment times and high reliability. Suppliers can confidently expect prompt payments, with nearly all invoices settled well within standard terms. Given the minimal late payment percentage and absence of very long delays, no specific risk mitigation strategies beyond standard terms are generally necessary.
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 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 13 | 95% | 5% | 0% | 6% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 16 | 88% | 11% | 1% | 12% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Oct 2020 | 18 | 82% | 18% | 0% | 18% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2020 | 18 | 83% | 17% | 0% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 21 | 76% | 22% | 1% | 24% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 23 | 71% | 28% | 1% | 29% |
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
Our standard payment terms are 30 days from invoice date based on receipt of a valid invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments terms can vary , depending on vendor category, match pay and advance payment requirements
Maximum contractual payment period agreed
60
Dispute Resolution Process
This is handled on a case by case basis, starting with the Accounts Payable Department who will liaise with the buyer, who owns the commercial relationship with their supplier and is responsible for dispute resolution, but with ultimate escalation to the CFO.
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.
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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
Company Summary
SPARK44 LIMITED operates as a private limited company. The organisation is currently in liquidation.
Incorporated on 18 February 2011, SPARK44 LIMITED bears company number 07535381. Its registered office is located in London at C/O Quantuma Advisory Limited 7th Floor 20, St Andrew Street, London, EC4A 3AG.
Private limited companies in the UK typically provide a wide array of services and products. These can encompass manufacturing, retail, professional consultancy, or various other commercial operations across numerous sectors.
