OLIVER WYMAN LIMITED
Company Details
Registration Number
02995605
Registered Address
1 Tower Place West Tower Place London EC3R 5BU
Company Status
Active
Employee Count
694
Turnover
£481,194,000
EBITDA
£20,999,000
Additional Information
Website
www.8works.com/Company Type
Private limited Company
Incorporated on
28 November 1994
Nature of Business (SIC)
96090 - Other service activities not elsewhere classified
Industries
Management and strategy consultancy
Region
LondonCompany Location
Financial Overview
£25,713,000
£107,395,000
Last Reporting Period
Filed
28 Jan 2021
Period
01 Jul 2020 - 31 Dec 2020
Payment Timing
Average Time to Pay
52 days
Payment Periods
Shortest
30 days
Longest
45 days
Max Contractual
45 days
Payment Timeline
Not Paid Within Terms
41%
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 2020 - 31 Dec 2020 | 28 Jan 2021 | 52 | 58% | 28% | 14% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 54 | 53% | 23% | 23% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 51% | 31% | 18% | 49% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 43 | 54% | 31% | 15% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 41 | 63% | 26% | 11% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 44 | 56% | 27% | 17% | 44% |
Company Summary
OLIVER WYMAN LIMITED is a global management consulting firm that offers a wide range of services to various industries such as financial services, transportation, energy, and healthcare
The company was founded in 1984 and is headquartered in London, UK
The firm has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact
These include reducing waste, conserving energy, and promoting sustainable practices in its operations
OLIVER WYMAN also partners with clients to help them develop sustainable strategies and practices
OLIVER WYMAN's services include strategy consulting, risk management, organizational transformation, and digital transformation
The company has a team of over 5,000 professionals across 60 offices in more than 30 countries, providing global expertise and local insights to its clients
The key people at OLIVER WYMAN include Chairman and CEO Scott McDonald, who has been with the company for over 25 years, and Chief Sustainability Officer, Melissa Menke, who leads the firm's sustainability efforts
To contact OLIVER WYMAN, individuals can visit their website at www.oliverwyman.com or reach out to their registered office at 55 Baker Street, London, W1U 8EW, United Kingdom
Overall, OLIVER WYMAN LIMITED is a leading consulting firm that not only provides top-notch services to its clients but also prioritizes sustainability in its operations
Company Review
Trend Analysis
The average time taken for OLIVER WYMAN LIMITED to pay invoices to suppliers has been increasing over the past three periods, with a 10% increase between the first and last period. The percentage of invoices paid within 30 days has also decreased by 5%, while the percentage of invoices paid later than 60 days has increased by 6%. This indicates a trend of slower payments and a decrease in timely payments overall.
Volatility Analysis
The volatility of OLIVER WYMAN LIMITED's payment patterns can be seen in the fluctuations of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These percentages have varied by 7% and 7%, respectively, over the past three periods, indicating a degree of inconsistency in payment behavior.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
45 days from receipt of invoice. http://www.mmc.com/suppliers.html
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
45
Dispute Resolution Process
Helpdesks and contact details as well as process information available on www.mmc.com
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?
❌
