FITCH SOLUTIONS GROUP LIMITED
Company Information
- Company Number
- 08789939
- Registered Address
- 30 North Colonnade, London, E14 5GN
- Status
- Active
- Employee Count
- 289.0
- Turnover
- 70660000.0
- EBITDA
- 25035000.0
Additional Details
- Website
- https://bmiresearch.com
- Company Type
- Private limited Company
- Incorporated On
- 26 November 2013
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- 0
- 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 | 13 | 93% | 4% | 2% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 12 | 92% | 7% | 1% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 14 | 86% | 12% | 2% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 12 | 88% | 8% | 4% | 29% |
Company Summary
FITCH SOLUTIONS GROUP LIMITED is a leading provider of data, research, and analytical solutions to the global financial community
The company is committed to sustainability and has a strong sustainability program in place
Their sustainability program focuses on reducing their environmental impact, promoting social responsibility, and ensuring good governance practices
They have implemented initiatives such as reducing their carbon footprint, promoting diversity and inclusion, and adhering to ethical business practices
FITCH SOLUTIONS GROUP LIMITED offers a wide range of products and services to their clients, including financial data, research reports, and analytical tools
Their products and services are designed to help financial institutions make informed decisions and manage risk
The company is led by a team of experienced and knowledgeable professionals, including CEO Brian Filanowski and CFO Greg Pappas
They are committed to driving the company's success and upholding its values of integrity, excellence, and innovation
For more information on FITCH SOLUTIONS GROUP LIMITED and their products and services, interested individuals can visit their website at www.fitchsolutions.com
Their registered office address is at 30 North Colonnade, Canary Wharf, London E14 5GN, United Kingdom
Company Review
Trend Analysis
FITCH SOLUTIONS GROUP LIMITED has shown a consistent trend of paying invoices within an average of 12-14 days throughout the past three periods.
Volatility Analysis
The company's payment pattern has remained stable with a slight decrease in the percentage of invoices paid within 30 days in the second period (86%) and a decrease in the percentage of invoices paid between 31-60 days in the third period (7%). However, these changes are not significant enough to indicate a high level of volatility.
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 60 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
60
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.
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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
