FOXTONS LIMITED
Company Information
- Company Number
- 01680058
- Registered Address
- Building One, Chiswick Park, 566 Chiswick High Road, London, W4 5BE
- Status
- Active
- Employee Count
- 1092.0
- Turnover
- 126158000.0
- EBITDA
- 27196000.0
Additional Details
- Website
- https://atkinsonmcleod.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 November 1982
- Nature of Business
- 68310 - Real estate agencies
- Industries
- Property,Infrastructure And Construction
- 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 | 31 Jan 2024 | 29 | 71% | 20% | 9% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 28 | 74% | 16% | 10% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 27 | 77% | 12% | 11% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 25 | 81% | 11% | 8% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 21 | 82% | 10% | 8% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 32 | 63% | 26% | 11% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Aug 2020 | 37 | 60% | 26% | 14% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 61% | 32% | 7% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 33 | 60% | 32% | 8% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 29 | 73% | 23% | 5% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 79% | 19% | 2% | 21% |
Company Summary
FOXTONS LIMITED is a leading estate agency in the UK, providing services such as residential and commercial property sales, lettings, and property management
The company was founded in 1981 and is headquartered in London, with over 60 offices across the country
FOXTONS LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using energy-efficient technologies in its offices and promoting recycling and waste reduction practices
The company also supports local communities through charitable donations and volunteer work
Apart from its sustainability efforts, FOXTONS LIMITED offers a wide range of products and services to its clients
These include property valuations, property search and acquisition, and property auctions
The company also has a dedicated team for corporate clients, providing services such as relocation and property management
The key people in FOXTONS LIMITED include CEO Nic Budden, who has been with the company since 2014, and Chairman Ian Barlow
The company's registered office address is at Chiswick Park, 566 Chiswick High Road, London, W4 5BE
Their website, www.foxtons.co.uk, provides information on their services, properties for sale and rent, and career opportunities
In conclusion, FOXTONS LIMITED is a leading estate agency in the UK, known for its sustainability efforts and wide range of services
With a strong commitment to providing quality services and giving back to the community, the company continues to be a trusted choice for those looking to buy, sell, or rent properties in the UK
Company Review
Trend Analysis
The data for FOXTONS LIMITED shows an overall trend of increasing average time to pay invoices, with a sharp increase in the last period. The percentage of invoices paid within 30 days has also decreased over time, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has fluctuated, but has generally been on the higher side.
Volatility Analysis
The data for FOXTONS LIMITED shows a high level of volatility in the average time to pay invoices, with fluctuations in each period. The percentage of invoices paid within 30 days has also shown volatility, with some periods showing significant decreases. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has fluctuated but generally remained on the higher side. The percentage of invoices not paid within agreed terms has also shown some volatility, with increases and decreases in each period.
Summary Analysis
Looking at the data for FOXTONS LIMITED over the past three periods, there has been a significant increase in the average time to pay invoices. In the most recent period, the average time to pay has reached 37 days, which is a 61.5% increase from the first period in 2018. This is a concerning trend as it indicates a potential issue with cash flow management or payment processes within the company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Foxtons policy is to pay all suppliers within 30 days of receipt of invoice. However there are variations to these terms based on agreements made with certain suppliers in advance.
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
Foxtons is committed to dealing with supplier queries as quickly as possible and has a dedicated Finance Team who are reachable via phone and email. The principal point of contact is the Accounts Payable Administrator. Suppliers are required to provide corrected invoices or any such necessary information which may help resolve the matter. If the Accounts Payable Administrator is unable to resolve the dispute, then the issue is escalated to a project manager / originator of the purchase order who are then responsible for resolving the issue. The matter may also be passed up to the Group's Finance Director. Once the dispute has been resolved, the outstanding invoice(s) is paid without further delay.
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
