FASTMARKETS GLOBAL LIMITED
Company Information
- Company Number
- 00142215
- Registered Address
- 8 Bouverie Street, London, EC4Y 8AX
- Status
- Active
- Employee Count
- 255
- Turnover
- £90,458,000
- EBITDA
- £18,408,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 November 1915
- Nature of Business
- 58142 - Publishing of consumer and business journals and periodicals
- Industries
- Media And Publishing, Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
FASTMARKETS GLOBAL LIMITED generally demonstrates a payment trend that extends slightly beyond a typical 30-day term, with an average payment time of 32 days. While 68% of payments are settled within 30 days, a notable 32% extend past this period, with 9% being significantly delayed beyond 60 days. This trajectory indicates a consistent portion of payments do not adhere to standard 30-day expectations.
Volatility Analysis
Payment reliability from FASTMARKETS GLOBAL LIMITED is moderate, as a significant 38% of invoices are classified as late. The distribution, with 23% paid between 31-60 days and 9% over 60 days, introduces a degree of unpredictability regarding the exact timing of payments for a substantial portion of transactions. This pattern of delayed payments presents a moderate cash flow risk for suppliers, particularly concerning the very late payments.
Summary Analysis
Suppliers engaging with FASTMARKETS GLOBAL LIMITED should anticipate an average payment cycle just over 30 days, but must factor in the considerable 38% chance of late payment. Key decision factors include the 9% of payments extending beyond 60 days, which can significantly strain supplier working capital. To mitigate risk, suppliers should establish clear payment terms, implement proactive invoice follow-up strategies for invoices approaching 30 days, and consider stricter terms or partial upfront payments for larger or critical orders.
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 Oct 2022 - 31 Mar 2023 | 10 May 2023 | 32 | 68% | 23% | 9% | 38% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Oct 2022 | 31 | 74% | 18% | 6% | 35% |
| 01 Oct 2021 - 31 Mar 2022 | 12 May 2022 | 47 | 56% | 23% | 22% | 48% |
| 01 Apr 2021 - 30 Sept 2021 | 12 May 2022 | 50 | 58% | 29% | 14% | 49% |
| 01 Oct 2020 - 31 Mar 2021 | 13 May 2021 | 34 | 73% | 15% | 12% | 14% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 43 | 61% | 22% | 17% | 43% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 42 | 51% | 29% | 20% | 49% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 34 | 72% | 17% | 12% | 28% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 32 | 75% | 14% | 11% | 25% |
| 01 Oct 2017 - 31 Mar 2018 | 27 Apr 2018 | 31 | 72% | 17% | 11% | 28% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are based on the supplier terms, for which the majority are 30 days. If no payment terms are on the supplier invoice, policy to pay invoices within 30 days of the invoice date
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
30
Dispute Resolution Process
Accounts Payable are initially contacted if there are complaints from suppliers about payment under qualifying contracts. If they are unable to resolve the issue, Accounts Payable will liaise with the internal business unit who requested the supply. If need be, any unresolved disputes will be escalated to senior management in the relevant business division and finance.
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
Company Summary
FASTMARKETS GLOBAL LIMITED operates as a private limited company. Its name suggests a focus on market-related activities with a global scope.
Registered under company number 00142215, FASTMARKETS GLOBAL LIMITED holds active status. The company was incorporated on 23 November 1915 and is located in London, with its registered office at 8 Bouverie Street, London, EC4Y 8AX.
In the UK market, a private limited company with 'Fastmarkets Global' in its name typically specialises in providing market intelligence, data analysis, and pricing information. Such an organisation often delivers critical insights and news to clients operating across various global sectors.
