The average time to pay for Digital London Limited has fluctuated between 14-17 days over the past four periods. The company has been consistently paying their invoices within 30 days, with a slight increase in the percentage of invoices paid within 31-60 days in 2019.
The volatility in the average time to pay has been relatively low, with only a 3-day difference between the highest and lowest period. There has also been consistency in the percentage of invoices paid within 30 days, with only a 5% increase in the percentage of invoices paid between 31-60 days in 2019.
Digital London Limited has been consistently paying their invoices within 30 days, with a slight increase in the percentage of invoices paid within 31-60 days in 2019. The company has also improved their average time to pay, decreasing from 17 days in 2018 to 15 days in 2019. However, there has been an increase in the percentage of invoices not paid within agreed terms in 2019, with a 7% increase from the previous period.
| 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 2019 - 31 Dec 2019 | 07 Apr 2020 | 15 | 99% | 1% | 0% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 14 | 99% | 1% | 0% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 17 | 94% | 5% | 1% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 15 | 94% | 5% | 1% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices for the Goods and/or Services shall be due and payable thirty (30) days after receipt and acceptance of Goods and/or Services. There were no changes during the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
If the event of a dispute, the Company and the Supplier will generally work together to resolve the open issue
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
Digital London Limited is a company registered in the UK that trades as Pivotal London. It operates as a recruitment agency specialising in marketing, sales, media and creative roles, working with startups, scaleups, corporates and agencies. Its offering includes contingent recruitment, in-house embedded talent placements, executive search and contract or freelance staffing. The firm also publishes salary guides and market insight content covering pay, benefits and hiring trends within its specialist sectors, and maintains an active job board for candidates seeking marketing, sales, media and creative positions in London and beyond.
Generated from the company's website and Companies House records. Sources: pivotallondon.co.uk