MAN GROUP OPERATIONS LIMITED
Company Information
- Company Number
- 01150601
- Registered Address
- Riverbank House, 2 Swan Lane, London, EC4R 3AD
- Status
- Active
- Employee Count
- 1093.0
- Turnover
- 400336000.0
- EBITDA
- 28821000.0
Additional Details
- Website
- https://edfman.com
- Company Type
- Private limited Company
- Incorporated On
- 11 December 1973
- Nature of Business
- 70100 - Activities of head offices
- 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 | 18 | 87% | 10% | 3% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 23 | 83% | 12% | 5% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 28 | 82% | 13% | 5% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 26 | 83% | 13% | 4% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 23 | 84% | 13% | 3% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 20 | 86% | 9% | 5% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 22 | 81% | 13% | 6% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 69% | 19% | 12% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 25 | 75% | 15% | 10% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 26 | 73% | 17% | 10% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 24 | 81% | 15% | 4% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 22 | 85% | 13% | 2% | 16% |
Company Summary
MAN GROUP OPERATIONS LIMITED is a leading investment management company headquartered in London, UK
The company offers a wide range of investment products and services to its clients, including institutional investors, private investors, and financial advisors
One of the key focuses of MAN GROUP OPERATIONS LIMITED is sustainability
The company has a dedicated sustainability program in place, which aims to reduce its environmental impact and promote sustainable practices throughout its operations
This includes reducing its carbon footprint, promoting diversity and inclusion, and investing in renewable energy
The company's main product is its investment management services, which include hedge funds, long-only funds, and private market strategies
It also offers customized investment solutions to meet the specific needs of its clients
MAN GROUP OPERATIONS LIMITED is known for its innovative and data-driven approach to investing, utilizing advanced technologies and data analytics to inform its investment decisions
The key people at MAN GROUP OPERATIONS LIMITED include Luke Ellis, the Chief Executive Officer, and Jonathan Sorrell, the President and Chief Financial Officer
Both are highly experienced and respected professionals in the investment management industry
For more information on MAN GROUP OPERATIONS LIMITED and its services, clients can visit the company's website at www.man.com
The registered office address is Riverbank House, 2 Swan Lane, London, EC4R 3AD, United Kingdom
Company Review
Trend Analysis
The data shows a consistent trend of the average time taken for MAN GROUP OPERATIONS LIMITED to pay invoices to suppliers increasing over the past three periods. This indicates a potential issue with late payments and a need for improvement in their payment processes.
Volatility Analysis
The volatility in the data is relatively low, with the percentage of invoices paid within 30 days fluctuating between 69%-87% and the percentage of invoices paid later than 60 days ranging from 2%-12%. However, there is a noticeable increase in the percentage of invoices paid later than 60 days in the most recent period, which could be a cause for concern.
Summary Analysis
In the past three periods, there has been a gradual increase in the average time taken for MAN GROUP OPERATIONS LIMITED to pay invoices to suppliers, from 22 days in 2020 to 28 days in 2022. This is a concerning trend and indicates a need for improvement in their payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Man Group plc has adopted a policy to pay all legitimate supplier invoices within 30 days of their 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
The Company operates a mailbox designated for communications with suppliers regarding urgent payment issues or disputed invoices (ap_urgent@man.com). Using this mailbox, suppliers can escalate queries to which we will endeavor to respond to within 24 hours.
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?
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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
