Score of 93.8/100 qualifies for PaymentCheck Certification
The average time taken for Brooks Macdonald Asset Management Limited to pay invoices has been fluctuating over the past 6 years. It started at 22 days in 2017, increased to 27 days in 2018, and then decreased to 25 days in 2019. In 2020, it increased again to 28 days. However, there is a significant decrease in 2023, with the average time taken to pay invoices being only 18 days.
There is a high level of volatility in the % of invoices paid within 30 days for Brooks Macdonald Asset Management Limited. In 2017, 82% of invoices were paid within 30 days, but this decreased to 65% in 2018. It then increased to 70% in 2019, but decreased again to 68% in 2020. In 2023, there is a significant increase, with 90% of invoices paid within 30 days.
BROOKS MACDONALD ASSET MANAGEMENT LIMITED's average time taken to pay invoices has fluctuated between 22-28 days over the past 6 years. However, there is a significant decrease in 2023, with the average time being only 18 days. This is a positive change, highlighting the company's efforts towards early payment. The % of invoices paid within 30 days has also shown volatility, with a significant increase in 2023 to 90%. The worst period for the company was in 2018, where only 65% of invoices were paid within 30 days.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 15 | 94% | 4% | 2% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 03 Sept 2025 | 16 | 91% | 5% | 4% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 15 | 91% | 5% | 4% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 03 Sept 2024 | 18 | 88% | 5% | 7% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 18 | 89% | 6% | 5% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 22 | 90% | 8% | 2% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 22 | 74% | 26% | 0% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 24 | 78% | 18% | 4% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 24 | 76% | 23% | 1% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 24 | 74% | 25% | 1% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 27 | 72% | 22% | 6% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 28 | 68% | 27% | 5% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 22 | 78% | 20% | 2% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 25 | 76% | 20% | 4% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 27 | 70% | 25% | 5% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 65% | 32% | 3% | 35% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 22 | 82% | 17% | 1% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our payment terms agreed with suppliers requires payment within 30 days. Payment terms are agreed with each supplier upon commencement of the supply on an individual basis.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
365
In the event of a dispute, the supplier is expected to get in touch with their usual Brooks Macdonald Asset Management contact (which will vary from supplier to supplier) to discuss the issue. The business contact will aim to deal with the dispute promptly and escalate to Finance or Compliance as needed to ensure swift resolution.
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
Brooks Macdonald Asset Management Limited is a fund management company, registered under SIC code 66300 for fund management activities. It previously traded as Brooks Macdonald Gayer Asset Management Limited before adopting its current name in 2002. The company is controlled by Brooks Macdonald Group Plc, which is recorded as a person with significant control, indicating that this entity operates as part of a wider asset and wealth management group. It remains an active private limited company incorporated in 1997 and registered in London. No further detail on specific investment products or client services is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk