FITCH SOLUTIONS LIMITED
Company Information
- Company Number
- 07984075
- Registered Address
- 30 North Colonnade, London, E14 5GN
- Status
- Active
- Employee Count
- 59.0
- Turnover
- 106653000.0
- EBITDA
- 20669000.0
Additional Details
- Website
- https://fitchsolutions.com
- Company Type
- Private limited Company
- Incorporated On
- 9 March 2012
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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 | 19 | 88% | 2% | 10% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 29 | 68% | 10% | 22% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 75% | 16% | 9% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 32 | 75% | 15% | 10% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 46 | 70% | 10% | 20% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 29 | 71% | 12% | 17% | 45% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 86% | 1% | 13% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 23 | 71% | 19% | 10% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 22 | 74% | 17% | 9% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 20 | 77% | 16% | 7% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 21 | 80% | 12% | 8% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 32 | 66% | 17% | 17% | 53% |
Company Summary
FITCH SOLUTIONS LIMITED is a global data, research, and analytics company that specializes in providing sustainable solutions for businesses
They offer a wide range of services to help companies make informed decisions and drive growth
Their sustainability program focuses on creating a positive impact on the environment and society through their operations and services
They are committed to reducing their carbon footprint and promoting responsible business practices
FITCH SOLUTIONS LIMITED's products and services include market research, data analysis, and consulting services in various industries such as financial services, healthcare, and consumer goods
They also offer custom solutions tailored to the specific needs of their clients
Some key people at FITCH SOLUTIONS LIMITED include their CEO, Brian Filmanowicz, and their Chief Sustainability Officer, Rebecca McCaffrey
They have a team of experts in various fields who work together to provide innovative solutions to their clients
To contact them, one can visit their website at www.fitchsolutions.com or reach out to their registered office at 30 North Colonnade, Canary Wharf, London E14 5GN, United Kingdom
FITCH SOLUTIONS LIMITED is committed to helping businesses succeed while promoting sustainable practices, making them a valuable partner for companies looking to make a positive impact
Company Review
Trend Analysis
The average time for FITCH SOLUTIONS LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2020 followed by an increase in 2021 and a slight decrease in 2022. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in 2021 and an increase in 2022. 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 with a decrease in 2021 and an increase in 2022. The percentage of invoices not paid within agreed terms has also fluctuated, with a decrease in 2020 and an increase in 2021 and 2022.
Volatility Analysis
The average time to pay invoices for FITCH SOLUTIONS LIMITED has fluctuated between 16 and 46 days over the past three periods. The percentage of invoices paid within 30 days has fluctuated between 70% and 86%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 1% and 19%. The percentage of invoices paid later than 60 days has fluctuated between 7% and 22%, while the percentage of invoices not paid within agreed terms has fluctuated between 13% and 53%.
Summary Analysis
In the past three periods, FITCH SOLUTIONS LIMITED has shown a decrease in the average time to pay invoices, with a 36% decrease in 2020 compared to 2019 and a slight increase of 10% in 2021 compared to 2020. The percentage of invoices paid within 30 days has also increased by 16% in 2020 compared to 2019, followed by a slight decrease of 1% in 2021. The worst period for FITCH SOLUTIONS LIMITED in terms of invoices paid later than 60 days was in 2023, where 22% of invoices were paid late. However, there was also a significant improvement in early payment in 2023, with 88% of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We do not operate standard payment terms. The majority of supplier terms are 30 days, whilst some supplier terms are agreed by individual negotiation. The shortest standard payment period is 0 days, and the longest standard payment period is 30 days. Suppliers are usually paid via a weekly BACS payment run. If invoices are received after the weekly payment run date, it could lead to late payment for those invoices whose payment terms are less than 7 days. If we have a query or concern about an invoice, we immediately contact the supplier but this could lead to longer payment days in some cases.
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
Payment disputes can be referred to accounts payable team in the first instance. If it is not resolved on a timely basis, it can then be escalated to relevant purchasing managers.
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