DIGITASLBI LIMITED
Company Information
- Company Number
- SC177425
- Registered Address
- C/O Brodies Llp, Capital Square, 58 Morrison Street, Edinburgh, Scotland, EH3 8BP
- Status
- Active
- Employee Count
- 313.0
- Turnover
- 51128000.0
- EBITDA
- 7486000.0
Additional Details
- Website
- https://digitas.com
- Company Type
- Private limited Company
- Incorporated On
- 21 July 1997
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- East of Scotland
Company Location
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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 | 55 | 14% | 37% | 49% | 61% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 93 | 61% | 19% | 21% | 49% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 49 | 61% | 23% | 16% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 41 | 72% | 19% | 9% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 105 | 64% | 14% | 21% | 43% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 139 | 47% | 17% | 36% | 62% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 49 | 44% | 16% | 40% | 69% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 104 | 39% | 22% | 40% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 81 | 48% | 26% | 27% | 58% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 108 | 37% | 30% | 33% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 56 | 53% | 25% | 22% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 46 | 39% | 39% | 22% | 67% |
Company Summary
DIGITASLBI LIMITED is a global marketing and technology company that specializes in digital transformation and customer experience
The company was founded in 1980 and has its headquarters in London, UK
The company offers a range of services including digital strategy, data analytics, creative design, and technology solutions to help businesses drive growth and engage with their customers
They work with clients from various industries such as consumer goods, financial services, healthcare, and technology
DIGITASLBI LIMITED has a strong focus on sustainability and has implemented a sustainability program to reduce their environmental impact
They have set targets to reduce their carbon emissions and waste, as well as increase their use of renewable energy sources
The company also encourages their employees to participate in various volunteering and charitable activities
The company has a team of experienced and talented individuals leading the way in digital transformation
Some key people in the company include Nigel Vaz, the CEO, and Claire Briscoe, the Chief Financial Officer
Customers can contact DIGITASLBI LIMITED through their website, which also features case studies and insights on digital marketing and technology
The registered office address is 146 Brick Lane, London, E1 6RU, United Kingdom
In summary, DIGITASLBI LIMITED is a leading global marketing and technology company with a strong focus on sustainability
They offer a range of services to help businesses grow and engage with their customers, and are led by a team of experienced professionals
Customers can contact them through their website or visit their registered office in London
Company Review
Trend Analysis
The average time for DIGITASLBI LIMITED to pay invoices has fluctuated over the past three periods, with a significant increase in 2021 and a decrease in 2022. The percentage of invoices paid within 30 days has also varied, with a decrease in 2021 and an increase in 2022. The percentage of invoices paid later than 60 days has remained relatively consistent, while the percentage of invoices not paid within agreed terms has decreased in 2022.
Volatility Analysis
The average time to pay has shown the most volatility, with a 33.3% increase in 2021 and a 55.5% decrease in 2022. The percentage of invoices paid within 30 days has also shown some volatility, with a 17.8% decrease in 2021 and a 33.3% increase in 2022. The percentage of invoices paid later than 60 days has remained consistent, while the percentage of invoices not paid within agreed terms has shown a 13.8% decrease in 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 60 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled. Agencies are able to amend the standard payment terms for their business needs, within the Vendor Master Data File.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Please note references to 60 days in respect of standard and maximum contractual payment period is based on 60 days from the month end.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via our automatic ticketing support service, RVIC at the following link https://www.resourcesvendoric.com. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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
