FORTNUM MASON PUBLIC LIMITED COMPANY
Company Information
- Company Number
- 00084909
- Registered Address
- 181 Piccadilly, London, W1A 1ER
- Status
- Active
- Employee Count
- 1021.0
- Turnover
- 208638000.0
- EBITDA
- 15527000.0
Additional Details
- Website
- https://fortnumandmason.com
- Company Type
- Public limited Company
- Incorporated On
- 10 June 1905
- Nature of Business
- 47190 - Other retail sale in non-specialised stores$56101 - Licensed restaurants$56302 - Public houses and bars
- Industries
- Lifestyle And Entertainment
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 10 Jul 2023 - 09 Jan 2024 | 05 Feb 2024 | 34 | 49% | 47% | 4% | 62% |
| 11 Jan 2023 - 09 Jul 2023 | 10 Aug 2023 | 37 | 33% | 62% | 5% | 68% |
| 11 Jul 2022 - 10 Jan 2023 | 03 Feb 2023 | 39 | 29% | 63% | 9% | 71% |
| 12 Jan 2022 - 10 Jul 2022 | 10 Aug 2022 | 38 | 32% | 61% | 7% | 70% |
| 12 Jul 2021 - 11 Jan 2022 | 04 Feb 2022 | 40 | 23% | 70% | 7% | 77% |
| 13 Jan 2021 - 11 Jul 2021 | 12 Aug 2021 | 35 | 28% | 64% | 8% | 74% |
| 13 Jul 2020 - 12 Jan 2021 | 19 Feb 2021 | 39 | 17% | 75% | 8% | 81% |
| 15 Jan 2020 - 12 Jul 2020 | 11 Aug 2020 | 36 | 42% | 51% | 7% | 50% |
| 15 Jul 2019 - 14 Jan 2020 | 13 Feb 2020 | 39 | 39% | 52% | 9% | 46% |
| 16 Jan 2019 - 14 Jul 2019 | 14 Aug 2019 | 38 | 45% | 47% | 8% | 31% |
| 16 Jul 2018 - 15 Jan 2019 | 18 Feb 2019 | 28 | 57% | 39% | 4% | 28% |
| 10 Jan 2018 - 15 Jul 2018 | 15 Aug 2018 | 39 | 49% | 42% | 9% | 23% |
| 10 Jul 2017 - 09 Jan 2018 | 09 Feb 2018 | |||||
| 10 Jul 2017 - 09 Jan 2018 | 09 Feb 2018 | 44 | 42% | 49% | 9% | 23% |
Company Summary
Fortnum & Mason Public Limited Company is a British luxury retailer founded in 1707, known for its high-quality food, beverage, and gift products
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes reducing plastic packaging, sourcing ingredients from sustainable and ethical suppliers, and implementing energy-efficient practices in their stores and warehouses
They also have a recycling program for their packaging materials and offer customers the option to return used packaging for reuse
Fortnum & Mason offers a wide range of products, including teas, coffees, chocolates, biscuits, wines, and spirits
They also have a variety of hampers and gift sets, making it a popular choice for special occasions and corporate gifts
The company is led by a team of key people, including the Chairman, CEO, and Director of Buying and Merchandising
Their website, www.fortnumandmason.com, provides information on their products, services, and sustainability efforts
Customers can also purchase products online and find contact information for their customer service team
The registered office address for Fortnum & Mason is 181 Piccadilly, London, W1A 1ER, United Kingdom
With a rich history and commitment to sustainability, Fortnum & Mason continues to be a top choice for luxury goods in the UK and around the world
Company Review
Trend Analysis
The data for FORTNUM & MASON PUBLIC LIMITED COMPANY shows a gradual increase in the average time taken to pay invoices over the past three periods, with a slight decrease in the most recent period. However, there has been a significant increase in the percentage of invoices paid within 30 days in the last two periods.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated the most, with a high of 49% in the second period and a low of 17% in the seventh period. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a high of 75% in the seventh period and a low of 39% in the fifth period.
Summary Analysis
The data for FORTNUM & MASON PUBLIC LIMITED COMPANY shows a slight increase in the average time taken to pay invoices over the past three periods, with a gradual increase in the percentage of invoices paid within 30 days. However, there has been a significant increase in the percentage of invoices paid between 31 and 60 days in the last two periods. The worst period for the company was the seventh period, where only 17% of invoices were paid within 30 days and 81% of invoices were not paid within agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
As per the terms and agreements in place for the type of goods and services supplied
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
60
Dispute Resolution Process
Where there are problems with timely payment, such instances should be raised with your direct F&M contact and the Finance 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.
❌
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
