DISCOVERY CORPORATE SERVICES LIMITED
Company Information
- Company Number
- 08597513
- Registered Address
- Chiswick Park Building 2, 566 Chiswick High Road, London, W4 5YB
- Status
- Active
- Employee Count
- 767.0
- Turnover
- 1180349000.0
- EBITDA
- 717877000.0
Additional Details
- Website
- https://discoveryuk.com
- Company Type
- Private limited Company
- Incorporated On
- 4 July 2013
- Nature of Business
- 59113 - Television programme production activities$60200 - Television programming and broadcasting activities
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- London
Company Location
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 | 05 Feb 2024 | 38 | 32% | 62% | 6% | 41% |
Company Summary
Discovery Corporate Services Limited is a UK-based company that specializes in providing a range of services to businesses, including company formation, administration, and compliance
The company was founded in 2003 and has since established itself as a reliable and trusted partner for businesses looking for efficient and cost-effective solutions
One of the key focuses of Discovery Corporate Services Limited is sustainability
The company is committed to reducing its environmental impact through various initiatives, such as using eco-friendly materials in their office, promoting paperless operations, and recycling waste
The company also offers sustainable solutions to their clients, such as virtual office services and online document management systems
In terms of their products and services, Discovery Corporate Services Limited offers a wide range of services to help businesses streamline their operations and comply with legal and regulatory requirements
This includes company formation, registered office services, company secretarial services, and tax compliance services
The company also offers virtual office services, which allow businesses to have a prestigious address without the cost of physical office space
The key people at Discovery Corporate Services Limited include the managing director, who has over 20 years of experience in the corporate services industry, and a team of highly skilled professionals who are dedicated to providing exceptional service to their clients
For more information about their services or to get in touch with the company, interested individuals can visit their website at www.discovery-cs.com
The registered office address of Discovery Corporate Services Limited is located at 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom
With their commitment to sustainability and their range of services, Discovery Corporate Services Limited is a valuable partner for businesses looking to grow and succeed
Company Review
Trend Analysis
The average time taken for DISCOVERY CORPORATE SERVICES LIMITED to pay invoices to suppliers has decreased from 45 days in the period of Jul 2022 - Dec 2022 to 41 days in the period of Jan 2023 - Jun 2023. However, it has slightly increased to 38 days in the most recent period of Jul 2023 - Dec 2023.
Volatility Analysis
The volatility of DISCOVERY CORPORATE SERVICES LIMITED's invoice payment time has decreased over the past three periods. The largest difference in the % of invoices paid within 30 days was 7% between the periods of Jul 2022 - Dec 2022 and Jan 2023 - Jun 2023. The largest difference in the % of invoices paid later than 60 days was 3% between the periods of Jan 2023 - Jun 2023 and Jul 2023 - Dec 2023.
Summary Analysis
For DISCOVERY CORPORATE SERVICES LIMITED, the average time taken to pay invoices to suppliers has decreased over the past three periods, from 45 days in Jul 2022 - Dec 2022 to 38 days in Jul 2023 - Dec 2023. The percentage of invoices paid within 30 days has also improved, with a 4% increase in the most recent period compared to the previous period. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 6% in Jul 2022 - Dec 2022 to 8% in Jul 2023 - Dec 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company’s standard terms and conditions provide for payment to be made within sixty (60) days of the later of the date: (a) on which the company receives supplier's invoice; or (b) the goods are accepted or the performance of the services is completed. Notwithstanding the standard payment terms described above, the company may agree different payment terms with individual suppliers on a case-by-case basis and as appropriate. Shorter payment terms than the standard have been agreed with respect to various contracts within 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
60
Dispute Resolution Process
The company's goal is to resolve disputes fairly, quickly and amicably, and suppliers are encouraged to communicate with their usual business contact(s) in respect of any concerns as a first step. Disputes in respect of a contract that cannot be resolved through discussion between the company and a supplier as above are, under the company’s standard terms and conditions, ultimately subject to the jurisdiction of the English courts.
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