FITFLOP LIMITED
Company Information
- Company Number
- 06436347
- Registered Address
- Eighth Floor, 6 New Street Square, London, EC4A 3AQ
- Status
- Active
- Employee Count
- 205
- Turnover
- £140,935,000
- EBITDA
- £11,657,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 November 2007
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for FITFLOP LIMITED has increased from 37 days in the first period to 39 days in the third period. The percentage of invoices paid within 30 days has decreased slightly from 43% to 39%, while the percentage of invoices paid between 31 and 60 days has increased from 44% to 46%. The percentage of invoices paid later than 60 days has also increased from 13% to 15%. Overall, there has been a slight trend towards longer payment times for FITFLOP LIMITED.
Volatility Analysis
The volatility of FITFLOP LIMITED's payment times can be seen in the changing percentages of invoices paid within 30 days and between 31 and 60 days. These percentages have fluctuated between periods, with the biggest change being a 4% decrease in invoices paid within 30 days and a 2% increase in invoices paid between 31 and 60 days.
Summary Analysis
In the past three periods, FITFLOP LIMITED has seen a slight increase in their average time to pay, as well as a decrease in the percentage of invoices paid within 30 days. This has been accompanied by an increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. However, the company has consistently had a relatively high percentage of invoices paid within their agreed terms of 65%, 60%, and 58% in the three periods respectively.
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 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 37 | 43% | 44% | 13% | 65% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms may vary depending on the type contract, the business aim to negotiate a standard payment term of 60 days for all contracts.
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
90
Dispute Resolution Process
Complaints and disputes should be raised with the department who originally worked on agreeing the contract. The complaint or concern will be reviewed and escalated to a line manager if needed to decide on the best course of action.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
FITFLOP LIMITED is a British footwear company that was founded in 2007. The company is known for its innovative and comfortable footwear, with a focus on sustainability. Their mission is to create products that are good for the feet and good for the planet.
The company's sustainability program includes using sustainable materials in their products, such as responsibly-sourced leather and recycled rubber. They also strive to reduce their carbon footprint by using renewable energy sources in their manufacturing process. FITFLOP LIMITED also partners with various environmental organizations to support conservation efforts and promote sustainable practices.
FITFLOP LIMITED offers a wide range of footwear for men and women, including sandals, shoes, and boots. Their products are designed with biomechanics in mind, providing support and comfort for the feet. They also offer a variety of styles and designs to cater to different tastes and preferences.
The company is led by CEO Gianni Georgiades, who has a background in fashion and a passion for sustainability. Under his leadership, FITFLOP LIMITED has grown to become a global brand, with products sold in over 60 countries worldwide.
To contact FITFLOP LIMITED, customers can visit their website at www.fitflop.com. The company's registered office address is 210 New Kings Road, London, SW6 4NZ, United Kingdom. Overall, FITFLOP LIMITED is a reputable and innovative company that not only provides quality footwear but also prioritizes sustainability in all aspects of their business.
