FREMANTLEMEDIA GROUP LIMITED
Company Information
- Company Number
- 00353341
- Registered Address
- 1 Stephen Street, London, W1T 1AL
- Status
- Active
- Employee Count
- 761.0
- Turnover
- 54531000.0
- EBITDA
- -34255000.0
Additional Details
- Website
- https://fremantle.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 May 1939
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Creative,Media And Publishing,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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 18 | 97% | 3% | 0% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 30 | 96% | 4% | 0% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 18 | 97% | 3% | 0% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 17 | 95% | 4% | 1% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 18 | 95% | 5% | 0% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 18 | 94% | 5% | 1% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 20 | 87% | 13% | 0% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 17 | 94% | 6% | 0% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 19 | 95% | 2% | 3% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 16 | 94% | 6% | 0% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 16 | 95% | 4% | 1% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 19 | 92% | 6% | 2% | 61% |
Company Summary
FremantleMedia Group Limited is a global media and entertainment company that produces and distributes a wide range of content across various platforms
The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact
The company's sustainability program focuses on three key areas: carbon neutrality, waste reduction, and responsible sourcing
FremantleMedia is working towards becoming a carbon-neutral company by 2025 and has set targets to reduce its waste production and increase its use of sustainable materials in production
FremantleMedia's diverse range of products and services include television and digital content, live events, and brand partnerships
The company has a strong presence in the UK, US, and Australia, and works with a wide network of production partners to create and distribute content globally
The key people at FremantleMedia include the CEO, Jennifer Mullin, who has been with the company since 2018, and the Chairman, Richard Holloway
The company employs over 4,000 people worldwide and has a strong focus on diversity and inclusion in its workforce
The company's registered office is located in London, UK, but it has offices and production facilities in several countries
FremantleMedia's website is www.fremantlemedia.com, where users can access information on its latest projects, news, and contact details
In summary, FremantleMedia Group Limited is a leading global media and entertainment company that is committed to sustainability and has a diverse portfolio of products and services
With a strong team of leaders and a global presence, the company continues to produce and distribute high-quality content while striving to reduce its environmental impact
Company Review
Trend Analysis
The average time taken for FREMANTLEMEDIA GROUP LIMITED to pay invoices has fluctuated between 16 to 20 days over the past three years, with a slight increasing trend in the later years. The percentage of invoices paid within 30 days has consistently been above 90%, with the highest being 97% in the most recent period. However, there has been a slight decrease in the percentage of invoices paid between 31 and 60 days, from 6% in 2018 to 3% in 2023.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low, with only a 2-day difference between the lowest and highest periods. The percentage of invoices paid within 30 days has also been consistent, with a 3% decrease in the most recent period. However, there has been a larger fluctuation in the percentage of invoices paid between 31 and 60 days, with a 9% difference between the lowest and highest periods.
Summary Analysis
In the past three years, FREMANTLEMEDIA GROUP LIMITED has consistently paid invoices within an average of 16 to 20 days. The company has a high percentage of invoices paid within 30 days, with a slight decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has also decreased, with the lowest being 2% in 2019. However, the company has consistently had a low percentage of invoices paid later than 60 days, with the highest being 3% in 2019.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days from invoice date
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
Protecting Fremantle’s business and its relationships with suppliers, customers and others is important to the Directors and the Company. All new vendors are contacted by the AP team when they are verified onto the accounting system. This provides contact details should the vendor have a query. Vendors may contact the Accounts Payable team directly to enquire on the payment status of their invoice processing via email SSC-AP@fremantle.com, or via the post to 1 Stephen Street, London W1T 1AL. The Accounts Payable team will contact the purchaser within the business to resolve the delay in payment and share the reason for delay with the vendor
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
