PIMCO EUROPE LTD
Company Information
- Company Number
- 02604517
- Registered Address
- 11 Baker Street, London, W1U 3AH
- Status
- Active
- Employee Count
- 390.0
- Turnover
- 522220000.0
- EBITDA
- 153970000.0
Additional Details
- Website
- https://pimco.com
- Company Type
- Private limited Company
- Incorporated On
- 24 April 1991
- Nature of Business
- 66300 - Fund management activities
- Industries
- Financial Services
- 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 | 26 | 78% | 17% | 5% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 25 | 82% | 11% | 7% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 19 | 89% | 9% | 2% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 20 | 89% | 9% | 2% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 23 | 89% | 10% | 1% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 23 | 80% | 17% | 3% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 19 | 88% | 10% | 2% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 85% | 13% | 2% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 23 | 80% | 17% | 3% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 23 | 82% | 15% | 3% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 28 | 70% | 26% | 4% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 58% | 40% | 2% | 42% |
Company Summary
PIMCO EUROPE LTD is a leading investment management company, specializing in fixed income and active global strategies
They are committed to sustainability and have a dedicated sustainability program in place
Their products and services include a wide range of investment solutions for institutional and individual investors, including mutual funds, exchange-traded funds, and separately managed accounts
They also offer customized investment solutions for their clients
PIMCO EUROPE LTD has a team of experienced and knowledgeable professionals, including portfolio managers, analysts, and researchers, who work together to provide innovative investment strategies and solutions for their clients
Their sustainability program focuses on integrating environmental, social, and governance (ESG) factors into their investment decisions
They also engage with companies to promote responsible business practices and advocate for sustainable policies
For more information on PIMCO EUROPE LTD and their products and services, you can visit their website at www.pimco.co.uk
Their registered office address is 11 Baker Street, London, W1U 3AH, United Kingdom
Company Review
Trend Analysis
The average time taken for PIMCO EUROPE LTD to pay invoices has been consistently decreasing over the past 5 periods, from 29 days in 2018 to 19 days in 2022. The percentage of invoices paid within 30 days has also been consistently increasing, from 58% in 2018 to 89% in 2022. However, there has been some fluctuation in the percentage of invoices paid between 31 and 60 days, with a decrease in 2019 and 2020 but an increase in 2021 and 2022. There has also been a slight increase in the percentage of invoices paid later than 60 days in 2023 compared to the previous periods.
Volatility Analysis
The volatility of PIMCO EUROPE LTD's payment process appears to have decreased over the past 5 periods, with a consistent and gradual improvement in the average time taken to pay invoices and the percentage of invoices paid within 30 days. There has been some fluctuation in the percentage of invoices paid between 31 and 60 days, but the overall trend shows a decrease. However, there has been an increase in the percentage of invoices paid later than 60 days in 2023, indicating a potential area for improvement in the company's payment process.
Summary Analysis
Looking at the past 3 periods, there has been a steady improvement in PIMCO EUROPE LTD's payment process. The average time taken to pay invoices has decreased from 26 days in 2022 to 23 days in 2023. The percentage of invoices paid within 30 days has consistently been above 80%, with a high of 89% in 2022. However, there has been an increase in the percentage of invoices paid later than 60 days in 2023, which was the highest in the past 3 periods. This may be an area for the company to focus on in order to maintain their positive trend and decrease volatility in their payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
PIMCO’s standard payment terms are 30 days
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
If an invoice is not paid to a supplier within 30 days and we are contacted by the vendor, we will establish why this has not been paid, i.e. the invoice has not been received by Finance but has been given to another department, the invoice has been emailed to the wrong PL system alias or the invoice is under query between the person who procured the goods and services and the supplier. PIMCO Finance would then notify the vendors Finance department for the reason for non-payment. If the invoice was held up by another department or was awaiting approval in the PIMCO approval chain, we would seek to pay the invoice as soon as possible to ensure that the relationship with the vendor is not adversely affected.
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