CITIGROUP GLOBAL MARKETS LIMITED
Company Information
- Company Number
- 01763297
- Registered Address
- Citigroup Centre, Canada Square, Canary Wharf, London, E14 5LB
- Status
- Active
- Employee Count
- 4226.0
- Turnover
- 2995000000.0
- EBITDA
- 320000000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 October 1983
- Nature of Business
- 66120 - Security and commodity contracts dealing activities
- 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 | 30 Jan 2024 | 31 | 75% | 15% | 9% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 36 | 68% | 21% | 11% | 17% |
| 31 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 38 | 64% | 25% | 11% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 42 | 68% | 18% | 14% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 45 | 53% | 33% | 14% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 48 | 65% | 17% | 18% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 39 | 69% | 18% | 13% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 39 | 65% | 23% | 13% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 42 | 62% | 25% | 13% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 49 | 62% | 20% | 18% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jan 2019 | 52 | 57% | 24% | 19% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 48 | 59% | 24% | 17% | 29% |
Company Summary
CITIGROUP GLOBAL MARKETS LIMITED is a leading financial services company based in London, United Kingdom
The company offers a wide range of products and services, including investment banking, wealth management, and securities trading, to clients around the world
One of the key focuses of CITIGROUP GLOBAL MARKETS LIMITED is sustainability
The company is committed to promoting sustainable practices and conducts business in an environmentally responsible manner
They have set ambitious goals to reduce their carbon footprint and promote renewable energy usage within their operations
CITIGROUP GLOBAL MARKETS LIMITED also offers a variety of sustainable investment products, such as green bonds and sustainable equity funds, to help clients align their investments with their values
The company is led by a team of experienced and knowledgeable individuals, including James Bardrick, the CEO for the UK and Ireland
Their registered office address is 25 Canada Square, Canary Wharf, London, E14 5LB
For more information on CITIGROUP GLOBAL MARKETS LIMITED and their sustainability efforts, please visit their website at www.citigroup.com
Company Review
Trend Analysis
The data shows that the average time taken by CITIGROUP GLOBAL MARKETS LIMITED to pay invoices to suppliers has been decreasing over the last three periods, from 48 days in the first period to 31 days in the most recent period. This indicates an improvement in the company's payment efficiency.
Volatility Analysis
The data also shows some volatility in the percentage of invoices paid within 30 days, with a high of 75% in 2023 and a low of 53% in 2021. However, there is a consistent trend of improvement in this category over the three periods, with an increase from 53% in 2021 to 75% in 2023. There is also some volatility in the percentage of invoices paid later than 60 days, with a high of 19% in 2018 and a low of 9% in 2023. Overall, there has been a decrease in the percentage of invoices paid later than 60 days over the three periods, indicating an improvement in the company's payment timeliness.
Summary Analysis
From 2018 to 2023, CITIGROUP GLOBAL MARKETS LIMITED has shown a consistent improvement in its payment efficiency, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there has been some volatility in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 calendar days
Were there any changes to the standard payment terms in the reporting period?
Yes – 45 days and immediate
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Suppliers address their questions or requests to their Citi Business contacts and the Business unit informs the Resource Management Organization Payables Customer Service team asking for advice or resolution. Suppliers do have the opportunity to directly engage with the Customer Service team, in this case the team involves the related Citi Business to ensure full transparency
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