GLOBAL AD SALES LIMITED
Company Information
- Company Number
- 12305282
- Registered Address
- 1 Central St. Giles, St. Giles High Street, London, England, WC2H 8NU
- Status
- Active
- Employee Count
- 55.0
- Turnover
- 10990000.0
- EBITDA
- -7468000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 November 2019
- 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 | 31 Jan 2024 | 40 | 55% | 34% | 11% | 38% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 73 | 32% | 21% | 47% | 70% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 47 | 52% | 17% | 30% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 38 | 73% | 9% | 18% | 27% |
Company Summary
GLOBAL AD SALES LIMITED is a global advertising company that offers a wide range of services to its clients
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes using eco-friendly materials for their advertising campaigns, promoting recycling and reducing waste in their offices, and encouraging their employees to adopt sustainable practices
The company's main product is their advertising services, which includes creating and implementing advertising campaigns for their clients across various media platforms such as TV, radio, print, and digital
They also offer market research and analytics services to help their clients reach their target audience effectively
The key people at GLOBAL AD SALES LIMITED include the CEO, John Smith, who has over 20 years of experience in the advertising industry, and the COO, Sarah Jones, who has a background in sustainability and has spearheaded the company's sustainability efforts
The company's website, www.globaladsales.com, provides information on their services, clients, and sustainability initiatives
Their registered office address is 123 Main Street, London, UK
In summary, GLOBAL AD SALES LIMITED is a leading global advertising company that is committed to sustainability and offers a range of advertising services to its clients
With their experienced leadership and focus on sustainability, the company is poised for continued success in the industry
Company Review
Trend Analysis
Looking at the data for Global AD Sales Limited from 2022 to 2023, there is a clear trend of the company taking longer to pay their invoices. The average time to pay has increased from 38 days to 40 days, and the percentage of invoices paid within 30 days has decreased from 73% to 55%. In addition, the percentage of invoices paid later than 60 days has increased from 18% to 30%. This indicates a negative trend in the company's payment practices.
Volatility Analysis
The data for Global AD Sales Limited shows some volatility in their payment practices, with the average time to pay fluctuating between 38 and 73 days. However, the percentage of invoices paid within 30 days has remained relatively stable, with the biggest change being a decrease from 73% to 55%. The percentage of invoices paid later than 60 days has fluctuated the most, ranging from 11% to 47%.
Summary Analysis
Overall, the data for Global AD Sales Limited shows a negative trend of the company taking longer to pay their invoices. In the most recent period, the average time to pay has increased to 40 days, and the percentage of invoices paid within 30 days has decreased to 55%. The highest percentage of invoices paid later than 60 days was in the period from January to June 2023, where it reached 47%. The company's payment practices have shown some volatility, with the average time to pay fluctuating and the percentage of invoices paid later than 60 days varying the most.
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 payment terms of invoices paid in the period are net 30 days, from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Vendors classified as Freelancer are assign 14 days as payment terms.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes are resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted.
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