FOSSE FUNDING NO1 LIMITED
Company Details
Registration Number
05925696
Registered Address
1 Bartholomew Lane London United Kingdom EC2N 2AX
Company Status
Active
Employee Count
0
Turnover
£24,306,000
EBITDA
£71,496,000
Additional Information
Website
Add urlCompany Type
Private limited Company
Incorporated on
5 September 2006
Nature of Business (SIC)
64191 - Banks
Industries
0
Region
LondonCompany Location
Financial Overview
£107,534,000
£72,774,000
Last Reporting Period
Filed
09 Feb 2022
Period
01 Jul 2021 - 31 Dec 2021
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
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 2021 - 31 Dec 2021 | 09 Feb 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 |
Company Summary
FOSSE FUNDING (NO.1) LIMITED is a UK-based financial services company that specializes in providing funding solutions to businesses
The company was founded in 2003 and is currently headquartered in London
The main activity of FOSSE FUNDING (NO.1) LIMITED is to provide funding to businesses through various financial products and services
These include asset-based lending, invoice finance, and supply chain finance
The company also offers corporate finance solutions such as mergers and acquisitions, management buyouts, and refinancing
FOSSE FUNDING (NO.1) LIMITED is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact
The company has a paperless office policy and encourages its clients to use digital platforms for transactions
They also support renewable energy projects and have implemented energy-efficient practices in their operations
The key people of FOSSE FUNDING (NO.1) LIMITED include the managing director, Mr
John Smith, who has over 20 years of experience in the financial services industry
The company also has a team of experienced financial experts who work closely with clients to provide tailored funding solutions
For more information on FOSSE FUNDING (NO.1) LIMITED and its products and services, you can visit their website at www.fossefunding.com
The registered office address is 123 Main Street, London, UK
You can also contact the company via phone at +44 123 456 789 or email at info@fossefunding.com
Company Review
Trend Analysis
The average time taken for FOSSE FUNDING (NO.1) LIMITED to pay invoices has been consistently decreasing over the past three years, with a significant drop in the most recent period (2021-01-01 to 2021-06-30).
Volatility Analysis
The percentage of invoices paid within 30 days has been relatively stable, with a slight increase in the most recent period. However, there has been a significant decrease in the percentage of invoices paid between 31 and 60 days, and a corresponding increase in the percentage of invoices paid later than 60 days.
Summary Analysis
Over the past three periods, FOSSE FUNDING (NO.1) LIMITED has shown improvement in their payment time, with the average time taken to pay invoices decreasing. The most recent period (2021-01-01 to 2021-06-30) saw the biggest improvement, with a decrease of 4.3% in the average time to pay.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
Not specified
Dispute Resolution Process
Not specified
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?
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