OMD GROUP LIMITED
Company Information
- Company Number
- 02078820
- Registered Address
- Bankside 3, 90 - 100 Southwark Street, London, England, SE1 0SW
- Status
- Active
- Employee Count
- 828.0
- Turnover
- 109267000.0
- EBITDA
- 17238000.0
Additional Details
- Website
- https://omduk.com/
- Company Type
- Private limited Company
- Incorporated On
- 1 December 1986
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- 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 | 57 | 21% | 59% | 20% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 55 | 19% | 62% | 19% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 61 | 22% | 55% | 22% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 55 | 18% | 60% | 22% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 54 | 31% | 50% | 19% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 59 | 20% | 59% | 21% | 60% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 60 | 28% | 49% | 23% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 71 | 10% | 52% | 38% | 51% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 66 | 10% | 56% | 34% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Dec 2019 | 61 | 15% | 56% | 29% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Dec 2019 | 64 | 13% | 56% | 31% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 60 | 23% | 46% | 31% | 68% |
Company Summary
OMD GROUP LIMITED is a global marketing and communications company that offers a wide range of services to help businesses connect with their target audience
The company was founded in 1986 and is headquartered in London, United Kingdom
Sustainability is a key focus for OMD GROUP LIMITED, and the company has implemented various initiatives to promote environmental responsibility
They have set goals to reduce their carbon footprint, increase the use of renewable energy, and minimize waste in their operations
OMD GROUP LIMITED also encourages their clients to adopt sustainable practices in their marketing campaigns
The company offers a comprehensive range of services, including media planning and buying, digital marketing, data and analytics, and content creation
They work with a wide range of clients, from small businesses to multinational corporations, to help them achieve their marketing goals
OMD GROUP LIMITED is led by a team of experienced and highly skilled professionals
The CEO, Tim Castree, has over 20 years of experience in the industry and is passionate about driving innovation and delivering results for clients
The company also has a diverse and talented team of over 10,000 employees worldwide
For more information about their services and sustainability efforts, interested parties can visit OMD GROUP LIMITED's website at www.omd.com
They can also contact the company's registered office at 10 Triton Street, Regent's Place, London, NW1 3BF, United Kingdom
Overall, OMD GROUP LIMITED is committed to providing excellent services while promoting sustainability in the marketing industry
Company Review
Trend Analysis
The average time taken for OMD GROUP LIMITED to pay invoices has fluctuated over the past three periods. It increased from 60 days in 2018 to 66 days in 2019, then decreased to 59 days in 2021.
Volatility Analysis
The volatility in OMD GROUP LIMITED's payment patterns can be seen in the percentage of invoices paid within 30 days and those paid later than 60 days. In 2018, 23% of invoices were paid within 30 days, but this dropped to 10% in 2020 before increasing to 31% in 2022. Similarly, the percentage of invoices paid later than 60 days increased from 31% in 2018 to 38% in 2020 before dropping to 19% in 2023.
Summary Analysis
Between 2018 and 2021, there was a gradual decrease in the average time taken for OMD GROUP LIMITED to pay invoices, from 60 days to 59 days. However, in 2022, there was a slight increase to 61 days, before dropping back down to 57 days in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
end of month following appearance of media
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
the query is passed to the buyer who booked the media to resolve the dispute with the supplier
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
