FINANCIAL TIMES GROUP LIMITED
Company Information
- Company Number
- 00879531
- Registered Address
- Bracken House, 1 Friday Street, London, England, EC4M 9BT
- Status
- Active
- Employee Count
- 4.0
- Turnover
- 0.0
- EBITDA
- 6873000.0
Additional Details
- Website
- https://ft.com
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1966
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- 0
- 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 | 21 | 67% | 33% | 0% | 100% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 34 | 25% | 67% | 8% | 92% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 27 | 50% | 50% | 0% | 100% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 21 | 100% | 0% | 0% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 50% | 50% | 0% | 100% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 1 | 100% | 0% | 0% | 0% |
Company Summary
Financial Times Group Limited is a leading global media organization that provides financial and business news, analysis, and intelligence
The company offers a wide range of products and services, including print and online publications, conferences, research, and digital tools
The company is committed to sustainability and has implemented various programs to reduce its environmental impact
This includes using sustainable materials for its publications, reducing carbon emissions, and promoting recycling and waste reduction
Some of the key people at Financial Times Group Limited include Lionel Barber, the Editor of Financial Times, and John Ridding, the Chief Executive Officer
Both have extensive experience in the media industry and are responsible for driving the company's success
Customers can access Financial Times Group Limited's products and services through its website, which also offers a comprehensive archive of articles and data
The registered office address for the company is 1 Southwark Bridge, London, SE1 9HL, United Kingdom
Overall, Financial Times Group Limited is a reputable and sustainable media organization that provides valuable information and insights to its customers
Its commitment to sustainability and experienced leadership make it a trusted source for financial and business news
Company Review
Trend Analysis
There has been a steady decrease in the average time taken for FINANCIAL TIMES GROUP LIMITED to pay invoices from 2018 to 2020. However, there was an increase in 2022, followed by a decrease in 2023.
Volatility Analysis
The time taken for FINANCIAL TIMES GROUP LIMITED to pay invoices has been relatively stable, with the exception of a significant increase in 2022 and a slight decrease in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The most common supplier payment terms are: • Net 30 – All vendors The maximum payment period agreed to in July - December 2023 is 30 days. Payment terms depends largely on agreements with respective suppliers. Should the agreement be silent, the 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
30
Dispute Resolution Process
The 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 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 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 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. We recommend 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
