VCCP GROUP LLP
Company Details
Registration Number
OC370529
Registered Address
Greencoat House Francis Street London United Kingdom SW1P 1DH
Company Status
Active
Employee Count
654
Turnover
£190,342,000
EBITDA
£19,384,000
Company Location
Financial Overview
£20,532,492
£49,357,864
Last Reporting Period
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
37 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
46%
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 | 37 | 66% | 26% | 8% | 46% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 34 | 66% | 25% | 9% | 37% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 33 | 65% | 26% | 9% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 35 | 63% | 28% | 9% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 36 | 63% | 27% | 10% | 51% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 57% | 34% | 9% | 54% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 35 | 60% | 30% | 10% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 57% | 36% | 7% | 55% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 27 | 73% | 20% | 7% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 71% | 23% | 6% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 65% | 30% | 5% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 32 | 65% | 28% | 7% | 58% |
Company Summary
VCCP Group LLP is a leading international advertising and marketing agency, based in London, UK
The company offers a wide range of services including advertising, branding, digital marketing, media planning, and public relations
One of the key focuses of VCCP Group is sustainability, and the company has implemented a number of initiatives to reduce its environmental impact
This includes measures such as using energy-efficient lighting, promoting recycling and reducing waste, and encouraging employees to use public transport or cycle to work
In terms of products and services, VCCP Group works with a diverse range of clients from various industries, including retail, technology, healthcare, and finance
The company's approach is centered around creating innovative and effective campaigns that deliver results for their clients
The key people at VCCP Group include founder and CEO Charles Vallance, who has over 30 years of experience in the advertising industry, and group chairman Adrian Coleman, who has a background in media planning and buying
The team also consists of highly skilled and experienced professionals in the fields of advertising, marketing, and digital communications
For more information, interested parties can visit VCCP Group's website at www.vccp.com
The company's registered office address is at Greencoat House, Francis Street, London, SW1P 1DH, United Kingdom
Company Review
Trend Analysis
The average time for VCCP GROUP LLP to pay invoices has fluctuated over the past three periods, with a slight increase from 2018 to 2020 and then a decrease from 2020 to 2023.
Volatility Analysis
VCCP GROUP LLP has shown some volatility in their payment patterns, with significant changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been less volatility in the average time to pay and the percentage of invoices paid later than 60 days.
Summary Analysis
From 2018 to 2020, VCCP GROUP LLP saw a decrease in their average time to pay invoices, with a 12.5% decrease in 2020 compared to 2018. This was accompanied by a 7.7% increase in the percentage of invoices paid within 30 days and a 7.1% decrease in the percentage of invoices paid between 31 and 60 days. However, there was a slight increase in the percentage of invoices paid later than 60 days in 2020 compared to 2018.
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 frequently used payment terms agreed were 30 days
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
90
Dispute Resolution Process
If there is a query or dispute on a supplier invoice, the member of the Purchase Ledger team responsible for that supplier will make contact with either the point of contact indicated on the invoice or the normal point of contact for the supplier to explain the circumstances for the query or dispute. The expected timescale for the resolution of supplier queries is five working days. If there are queries or disputes on invoices, contact the Purchase Ledger department at the following email address: finance@vccp.com.
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?
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