NIKKEI FT LEARNING LIMITED
Company Information
- Company Number
- 10796408
- Registered Address
- Bracken House, 1 Friday Street, London, England, EC4M 9BT
- Status
- Active
- Employee Count
- 29.0
- Turnover
- 682000.0
- EBITDA
- -2583000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 31 May 2017
- Nature of Business
- 85590 - Other education 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 | 02 Feb 2024 | 36 | 0% | 100% | 0% | 100% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 14 | 80% | 20% | 0% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 14 | 96% | 4% | 0% | 80% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 13 | 98% | 2% | 0% | 70% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 10 | 96% | 4% | 0% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 11 | 96% | 4% | 0% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 14 | 89% | 11% | 0% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 15 | 91% | 7% | 2% | 58% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 12 | 93% | 7% | 0% | 49% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 18 | 90% | 8% | 2% | 62% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 17 | 92% | 7% | 1% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 18 | 82% | 17% | 1% | 47% |
Company Summary
NIKKEI FT LEARNING LIMITED is a UK-based company that offers a range of educational and training services
The company was founded in 2019 and is a joint venture between NIKKEI Inc
and the Financial Times
The company's sustainability program focuses on promoting environmental awareness and responsible business practices
They have implemented measures to reduce their carbon footprint and encourage their employees to do the same
They also work with suppliers who share their commitment to sustainability
NIKKEI FT LEARNING LIMITED offers a variety of products and services including online courses, workshops, and customized training programs
These cover a wide range of topics such as finance, management, and technology
Their courses are designed for professionals, businesses, and students who are looking to enhance their skills and knowledge
The key people at NIKKEI FT LEARNING LIMITED include CEO, Miki Sato, and CFO, David Goodrich
Both have extensive experience in the education and training industry and are committed to providing high-quality and innovative learning solutions
The company's website address is www.nikkeiftlearning.com, where customers can find more information about their products and services
The registered office address is 10 Fleet Place, London, EC4M 7RB, United Kingdom
In summary, NIKKEI FT LEARNING LIMITED is a reputable company that offers sustainable education and training solutions for individuals and businesses
With a strong focus on environmental responsibility and a team of experienced professionals, they continue to be a leader in the industry
Company Review
Trend Analysis
There has been a continuous improvement in the time taken for NIKKEI FT LEARNING LIMITED to pay invoices to suppliers from 2018 to 2023. The average time to pay has decreased from 18 days in 2018 to 14 days in 2023. This trend suggests that the company has been making efforts to pay invoices earlier.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 80% to 98%. However, there has been a notable increase in the percentage of invoices paid later than 60 days in 2023, reaching 100%. This indicates a potential issue with the company's payment process in that period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The most common supplier payment terms are: • Net 30 – All vendors The maximum payment period agreed to in July - December 2023 is 30 days. Payment terms depends largely on agreements with respective suppliers. Should the agreement be silent, the default payment term of 30 applies. There have been no changes to standard payment terms in the reporting period
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
The business contact is responsible for confirming that the good / service delivered is of the required quality before payment is actioned. Invoice disputes are addressed with the suppliers directly by the business contact. Invoices under dispute can be processed within Oracle ebusiness suite and placed on hold. Approval and payment may take some time as dependent on the resolution of the dispute. Suppliers can contact the Global Accounts Payable team via its group mailbox accounts.payable@ft.com. An Accounts Payable Analyst would be available to answer supplier queries 22 x 5. The Global Accounts Payable team ensures that authorizers are regularly chased to approve invoices in their approval queues and any long outstanding invoices not approved within reasonable timeframes will be queried, thereby, identifying any disputed invoice. We recommend suppliers to send their invoices directly to email address accounts.payable@ft.com to be lodged within our Oracle system and to commence tracking through to settlement
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available