BROOKS MACDONALD ASSET MANAGEMENT LIMITED
Company Information
- Company Number
- 03417519
- Registered Address
- 21 Lombard Street, London, England, EC3V 9AH
- Status
- Active
- Employee Count
- 390.0
- Turnover
- 107478000.0
- EBITDA
- 33441000.0
Additional Details
- Website
- https://brooksmacdonald.com
- Company Type
- Private limited Company
- Incorporated On
- 11 August 1997
- Nature of Business
- 66300 - Fund management activities
- Industries
- Financial 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 | 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 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 27 | 72% | 22% | 6% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | |||||
| 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% |
Company Summary
Brooks Macdonald Asset Management Limited is a leading UK-based investment management firm that specializes in providing bespoke and sustainable investment solutions to its clients
The company was founded in 1991 and has since grown to become a well-respected name in the finance industry
The company's sustainability program focuses on integrating environmental, social, and governance (ESG) factors into their investment decisions
They have a dedicated team that actively engages with companies to encourage sustainable practices and promote responsible investment
Brooks Macdonald offers a range of investment products and services, including discretionary and advisory investment management, financial planning, and tax-efficient solutions
They cater to both individual and institutional clients, providing tailored solutions to meet their specific needs and objectives
The company's key people include Chief Executive Officer Caroline Connellan, Chief Investment Officer Jonathan Webster-Smith, and Group Finance Director David Martin
They are supported by a team of experienced investment professionals and financial advisors
To contact Brooks Macdonald, individuals can visit their website at www.brooksmacdonald.com, where they can find information about their services, investment approach, and latest news
The company's registered office address is at 72 Welbeck Street, London, W1G 0AY, United Kingdom
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
365
Dispute Resolution Process
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.
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
