FINANCIAL TIMES LIMITEDTHE
Company Information
- Company Number
- 00227590
- Registered Address
- Bracken House, 1 Friday Street, London, England, EC4M 9BT
- Status
- Active
- Employee Count
- 1508.0
- Turnover
- 422539000.0
- EBITDA
- 41317000.0
Additional Details
- Website
- https://www.ft.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 January 1928
- Nature of Business
- 58130 - Publishing of newspapers
- Industries
- Creative,Media And Publishing
- 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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 19 | 90% | 7% | 3% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 21 | 89% | 9% | 2% | 46% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 22 | 86% | 12% | 2% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 24 | 83% | 15% | 2% | 55% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 21 | 89% | 10% | 1% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 23 | 89% | 10% | 1% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 20 | 90% | 8% | 2% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 21 | 87% | 10% | 3% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 17 | 90% | 9% | 1% | 59% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 18 | 90% | 9% | 1% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 14 | 93% | 6% | 1% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 20 | 89% | 10% | 1% | 49% |
Company Summary
Financial Times Limited is a British financial and business news organization that provides a wide range of services and products to its customers
The company is part of the Nikkei group and is headquartered in London, UK
The company's primary activity is to publish the Financial Times newspaper, which is known for its comprehensive coverage of global business and finance news
It also offers digital subscriptions and access to its website, where customers can access breaking news, analysis, and expert opinions on the latest developments in the business world
In addition to its news services, Financial Times Limited is committed to promoting sustainability in its operations
The company has implemented various initiatives to reduce its carbon footprint, such as using renewable energy sources and promoting sustainable practices among its employees
It also publishes an annual sustainability report to track its progress and set new goals for the future
The key people at Financial Times Limited include its CEO, John Ridding, and its Editor, Roula Khalaf, who are responsible for the company's overall direction and editorial content
The company also has a team of experienced journalists and analysts who provide in-depth coverage of the financial industry
To contact Financial Times Limited, customers can visit their website at www.ft.com, where they can access their range of products and services, as well as contact information for their various offices worldwide
The company's registered office address is One Southwark Bridge, London, SE1 9HL, UK
In conclusion, Financial Times Limited is a leading financial and business news organization that offers a range of products and services to its customers
With a commitment to sustainability and a team of experienced professionals, the company continues to be a trusted source for reliable and timely business news
Company Review
Trend Analysis
The average time taken for FINANCIAL TIMES LIMITED(THE) to pay invoices to suppliers has fluctuated over the past three years, with an overall increase in 2021 compared to 2018. The company has generally maintained a high percentage of invoices paid within 30 days, with a slight decrease in 2022. However, there has been an increase in the percentage of invoices paid later than 60 days in 2020 and 2023.
Volatility Analysis
The data for FINANCIAL TIMES LIMITED(THE) shows that there has been some volatility in the average time taken to pay invoices, with changes of 1-3 days between periods. There has also been some volatility in the percentage of invoices paid within 30 days, with changes of 1-3% between periods. The company has shown a consistent percentage of invoices paid between 31-60 days, with minimal changes between periods. The most volatile aspect of the data is the percentage of invoices paid later than 60 days, with changes of 1-2% between periods.
Summary Analysis
From 2018 to 2023, there has been a slight increase in the average time taken for FINANCIAL TIMES LIMITED(THE) to pay invoices, with a peak of 24 days in 2022. However, the company has consistently maintained a high percentage of invoices paid within 30 days, with a peak of 93% in 2018 and a low of 86% in 2022. The percentage of invoices paid between 31-60 days has also remained relatively stable, with a peak of 15% in 2022 and a low of 6% in 2018. The worst period for the company was in 2020, where the percentage of invoices paid later than 60 days was at its highest at 3%. However, there was a significant improvement in 2021 and 2023, where the percentage dropped back down to 1%. Overall, the company has shown a consistent pattern of paying invoices within agreed terms, with a peak of 59% in 2019 and a low of 35% in 2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The FT’s most common supplier payment terms are: • Net 30 – All vendors • Immediate – Vendors The maximum payment period that the FT has agreed to in July to December 2023 is 75 days. Payment terms depends largely on agreements with respective suppliers. Should the agreement be silent, the FT’s default payment term of 30 applies. There have been no changes to standard payment terms in the reporting period.
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
75
Dispute Resolution Process
The FT business contact is responsible for confirming that the good / service delivered is of the required quality before payment is actioned. Invoice disputes are addressed with the suppliers directly by the FT business contact. Invoices under dispute can be processed within Oracle ebusiness suite and placed on hold. Approval and payment may take some time as dependent on the resolution of the dispute. Suppliers can contact the FT’s Global Accounts Payable team via its group mailbox accounts.payable@ft.com. An Accounts Payable Analyst would be available to answer supplier queries 22 x 5. The FT’s Global Accounts Payable team ensures that authorizers are regularly chased to approve invoices in their approval queues and any long outstanding invoices not approved within reasonable timeframes will be queried, thereby, identifying any disputed invoice. The FT recommends suppliers to send their invoices directly to email address accounts.payable@ft.com to be lodged within our Oracle system and to commence tracking through to settlement
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
