| 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 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
45
Helpdesks and contact details as well as process information available on www.mmc.com
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
Oliver Wyman Limited is a UK-registered company within the Oliver Wyman group, a management and strategy consultancy. Evidence available relates to 8works, described as Oliver Wyman's specialist people-led change capability, which works with clients to design, activate and embed organisational change, helping leaders build conviction and drive transformation through activation events, engagement and capability-building. The evidence also notes that Oliver Wyman is now part of the expanded Marsh brand. Companies House records the entity's nature of business as other service activities, consistent with a consultancy role, registered at an address in London. No further detail on the UK entity's own specific operations beyond this group-level consultancy activity is provided in the evidence.
Generated from the company's website and Companies House records. Sources: 8works.com