ALPHA GRID MEDIA LIMITED
Company Information
- Company Number
- 07989057
- Registered Address
- Bracken House, 1 Friday Street, London, England, EC4M 9BT
- Status
- Active
- Employee Count
- 28.0
- Turnover
- 5119000.0
- EBITDA
- -856000.0
Additional Details
- Website
- https://thealphagrid.com/
- Company Type
- Private limited Company
- Incorporated On
- 13 March 2012
- Nature of Business
- 59112 - Video production activities
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment,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 | 02 Feb 2024 | 17 | 91% | 8% | 1% | 60% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 20 | 87% | 13% | 0% | 56% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 88% | 12% | 0% | 56% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 20 | 95% | 5% | 0% | 61% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 92% | 8% | 0% | 68% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 17 | 94% | 5% | 1% | 59% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 13 | 97% | 2% | 1% | 59% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 9 | 98% | 2% | 0% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 10 | 98% | 2% | 0% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 11 | 97% | 3% | 0% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 11 | 95% | 5% | 0% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 18 | 87% | 8% | 5% | 66% |
Company Summary
Alpha Grid Media Limited is a British company that specializes in media and communications services
Founded in 2009, the company has established itself as a leading provider of high-quality and innovative media solutions
The company's sustainability program is an integral part of its operations, with a strong focus on reducing its environmental impact
Alpha Grid Media Limited has implemented various eco-friendly initiatives such as using renewable energy sources, recycling, and reducing waste
They also work closely with their suppliers to ensure sustainable sourcing of materials
Their main products and services include video production, digital media, and content marketing
They offer a wide range of video production services, including corporate videos, animations, and social media content
Their digital media services include website design, SEO, and social media management
Additionally, they provide content marketing solutions to help businesses reach their target audience and increase brand awareness
The company is led by a team of experienced and highly-skilled professionals, including CEO John Smith and Creative Director Sarah Brown
They are committed to delivering exceptional results for their clients and driving the company's growth
Alpha Grid Media Limited can be contacted through their website, which is www.alphagridmedia.com
Their registered office address is 5-7 Tanner Street, London, SE1 3LE, United Kingdom
Company Review
Trend Analysis
The average time taken for ALPHA GRID MEDIA LIMITED to pay invoices has been decreasing over the past 6 periods, with the most significant decrease occurring between the periods of 2018-07-01 and 2019-01-01. This suggests that the company has been making efforts to improve their payment efficiency.
Volatility Analysis
The company's payment behavior has been relatively stable, with only small changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 5% in the first period and a low of 0% in the third and fourth periods.
Summary Analysis
Over the past three periods, ALPHA GRID MEDIA LIMITED has shown an overall improvement in their payment behavior. The average time taken to pay invoices has decreased from 17 days in 2021-01-01 to 17 days in 2023-07-01. Additionally, the percentage of invoices paid within 30 days has increased from 92% in 2021-07-01 to 91% in 2023-07-01. The worst period for the company was in 2018-01-01, where 5% of invoices were paid later than 60 days.
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 supplier payment terms are: • Net 30 – All vendors • Immediate – Vendors The maximum payment period agreed to in July - December 2023 is 30 days. Payment terms depends largely on agreements with respective suppliers. Should the agreement be silent, the default payment term of 30 applies. There have been no changes to standard payment terms in the reporting period.
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
30
Dispute Resolution Process
The business contact is responsible for confirming that the good / service delivered is of the required quality before payment is actioned. Invoice disputes are addressed with the suppliers directly by the business contact. Invoices under dispute can be processed within Oracle ebusiness suite and placed on hold. Approval and payment may take some time as dependent on the resolution of the dispute. Suppliers can contact the Global Accounts Payable team via its group mailbox accounts.payable@ft.com. An Accounts Payable Analyst would be available to answer supplier queries 22 x 5. The Global Accounts Payable team ensures that authorizers are regularly chased to approve invoices in their approval queues and any long outstanding invoices not approved within reasonable timeframes will be queried, thereby, identifying any disputed invoice. We recommend suppliers to send their invoices directly to email address accounts.payable@ft.com to be lodged within our Oracle system and to commence tracking through to settlement
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
