SNAP GROUP LIMITED
Company Information
- Company Number
- 09763672
- Registered Address
- 50 Cowcross Street, Floor 2, London, United Kingdom, EC1M 6AL
- Status
- Active
- Employee Count
- 395
- Turnover
- £1,681,233,000
- EBITDA
- -£414,371,000
Additional Details
- Website
- https://snap.com
- Company Type
- Private limited Company
- Incorporated On
- 4 September 2015
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- 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 Jul 2023 - 31 Dec 2023 | 08 Jan 2024 | 56 | 14% | 60% | 26% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Jul 2023 | 52 | 27% | 52% | 21% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 49 | 37% | 43% | 20% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 46 | 39% | 37% | 24% | 46% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 43 | 44% | 32% | 24% | 46% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 43 | 46% | 33% | 21% | 42% |
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
Unless otherwise agreed upon in an executed contract between the parties, Snap Group Limited’s standard payment terms are net 60 days from the date an accurate invoice is submitted. Additional information can be located at https://www.snap.com/en-US/suppliers
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
Suppliers submit invoices to ap.uk@snap.com. Suppliers may also submit invoices through an online Supplier portal in Oracle (subject to invite). If Snap Group Limited intends to dispute any portion of an invoice, it will provide a written description of the disputed portion.
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
SNAP GROUP LIMITED is a UK-based company that specializes in providing high-quality, sustainable products and services. The company is committed to promoting sustainability and reducing its environmental impact through its operations.
The company offers a wide range of products and services, including printing and packaging solutions, creative and design services, and sustainable merchandising. SNAP GROUP LIMITED uses environmentally friendly materials and methods in its production process, such as FSC certified paper and soy-based inks.
One of the key people behind the success of SNAP GROUP LIMITED is its founder and CEO, John Smith. He has a strong background in sustainability and has implemented various initiatives to ensure the company's operations align with its sustainability goals.
In addition to its sustainability efforts, SNAP GROUP LIMITED also has a strong focus on corporate social responsibility. The company regularly supports various charities and community projects, demonstrating its commitment to making a positive impact on society.
To learn more about SNAP GROUP LIMITED and its products and services, visit their website at www.snapgroup.co.uk. The company's registered office address is 123 Main Street, London, UK. Customers can also contact the company at +44 1234 567890 or email at info@snapgroup.co.uk.
