FRESNILLO PLC

Company Information

Company Number
06344120
Registered Address
2nd Floor, 21 Upper Brook Street, London, England, W1K 7PY
Status
Active
Employee Count
7925.0
Turnover
2010486000.0
EBITDA
652892000.0

Additional Details

Company Type
Public limited Company
Incorporated On
15 August 2007
Nature of Business
07290 - Mining of other non-ferrous metal ores
Industries
Supply Chain,Manufacturing And Commerce Models
Region
London

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£761,121,583.00
Net Worth
£2,894,856,268.00
Total Current Assets
£1,595,822,337.00
Total Current Liabilities
£540,315,739.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
18 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
94%
31-60 Days
4%
After 60 Days
2%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 201805101520

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20241894%4%2%0%
01 Jan 2023 - 30 Jun 202328 Jul 20231297%3%0%0%
01 Jul 2022 - 31 Dec 202226 Jan 20231589%8%3%0%
01 Jan 2022 - 30 Jun 202229 Jul 20221595%2%3%0%
01 Jul 2021 - 31 Dec 202128 Jan 20221293%5%1%1%
01 Jan 2021 - 30 Jun 202131 Jul 20211099%1%0%0%
01 Jul 2020 - 31 Dec 202027 Jan 20211490%8%2%0%
01 Jan 2020 - 30 Jun 202027 Jul 20201594%4%2%0%
01 Jul 2019 - 31 Dec 201931 Jan 20201490%8%2%0%
01 Jan 2019 - 30 Jun 201926 Jul 20191596%3%1%0%
01 Jul 2018 - 31 Dec 201828 Jan 20191999%1%0%0%
01 Jan 2018 - 30 Jun 201826 Jul 2018

Company Summary

FRESNILLO PLC is a leading precious metals mining company based in the United Kingdom

They are primarily focused on the exploration, mining, and production of gold and silver in Mexico

The company has a strong commitment to sustainable practices and has implemented various initiatives to minimize their environmental impact and support local communities

Their sustainability program includes efforts to reduce water consumption, implement renewable energy sources, and promote biodiversity conservation

They also prioritize responsible sourcing and ethical practices in their supply chain

FRESNILLO PLC is also actively involved in community development projects, such as building schools and healthcare facilities

The company's main product is gold and silver, which are produced from their six operating mines in Mexico

They have a strong track record of delivering consistent and profitable production, making them one of the world's largest primary silver producers

FRESNILLO PLC is led by a team of experienced executives, including Octavio Alvídrez, the CEO, and Mario Arreguín, the CFO

Their registered office address is 2 Eastbourne Terrace, London, W2 6LG, United Kingdom

For more information on their sustainability efforts, products, and services, visit their website at www.fresnilloplc.com

They also provide contact information for investors, media, and general inquiries on their website

Overall, FRESNILLO PLC is a reputable and sustainable company that plays a significant role in the global precious metals industry

Company Review

Trend Analysis

The trend for FRESNILLO PLC's average time to pay invoices has been fluctuating over the past three periods. It started at 19 days in the first period, decreased to 15 days in the second period, and then increased to 18 days in the third period. However, in the most recent period, the average time to pay decreased to 12 days, indicating a positive trend towards faster payment.

Volatility Analysis

There is some volatility in FRESNILLO PLC's payment behavior, as seen in the fluctuation of the average time to pay and the percentages of invoices paid within certain time frames. However, the company has consistently maintained a high percentage of invoices paid within 30 days, with the lowest being 90% in the third period.

Summary Analysis

In the past three periods, FRESNILLO PLC has shown a positive trend towards faster payment, with the average time to pay decreasing from 19 days to 12 days. The company has also consistently maintained a high percentage of invoices paid within 30 days, with a low of 90% in the third period. However, there was an increase in the percentage of invoices paid later than 60 days in the third period, which should be monitored and addressed in future periods.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Fresnillo plc’s (“Fresnillo”) standard terms provide that it will pay all invoices within 30 days from the date of receipt.

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

Fresnillo endeavours to advise suppliers of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms and is committed to dealing with its suppliers in a fair, honest and professional manner whilst seeking best value for the business. Disputes and complaints relating to payments are handled by e-mail or phone by the Fresnillo department who has requested the service or supply, with the support of our Accounts Payable department. Fresnillo will pay the invoice(s) in the payment run that occurs immediately after the dispute is resolved (within the next 7 days).

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.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

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