THE BOSTON CONSULTING GROUP UK LLP
Company Details
Registration Number
OC359103
Registered Address
80 Charlotte Street London England W1T 4DF
Company Status
Active
Employee Count
1603
Turnover
£743,096,000
EBITDA
£137,643,000
Company Location
Financial Overview
£0
£158,169,604
Last Reporting Period
Filed
27 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
26 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
27%
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 Apr 2023 - 30 Sep 2023 | 27 Oct 2023 | 26 | 77% | 21% | 2% | 27% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 28 | 74% | 23% | 2% | 30% |
| 01 Apr 2022 - 30 Sep 2022 | 28 Oct 2022 | 28 | 75% | 22% | 3% | 31% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 30 | 66% | 30% | 4% | 45% |
| 01 Apr 2021 - 30 Sep 2021 | 22 Oct 2021 | 28 | 73% | 24% | 3% | 33% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 26 | 78% | 19% | 3% | 36% |
| 01 Apr 2020 - 30 Sep 2020 | 28 Oct 2020 | 30 | 75% | 20% | 5% | 45% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 34 | 72% | 19% | 9% | 51% |
| 01 Apr 2019 - 30 Sep 2019 | 30 Oct 2019 | 27 | 75% | 19% | 6% | 54% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 28 | 76% | 19% | 5% | 48% |
| 01 Apr 2018 - 30 Sep 2018 | 30 Oct 2018 | 22 | 85% | 11% | 4% | 35% |
Company Summary
THE BOSTON CONSULTING GROUP UK LLP is a leading management consulting firm in the United Kingdom
The company provides a wide range of services to clients in various industries, including strategy consulting, digital transformation, and sustainability
The sustainability program at THE BOSTON CONSULTING GROUP UK LLP focuses on helping clients integrate sustainable practices into their business strategies
This includes reducing environmental impact, increasing efficiency, and promoting social responsibility
The company also conducts research and publishes reports on sustainability trends and best practices
The company's services and products are tailored to meet the specific needs of each client
This includes providing strategic advice, conducting market research, and implementing innovative solutions
THE BOSTON CONSULTING GROUP UK LLP has a team of highly skilled consultants who work closely with clients to achieve their business goals
Some key people at THE BOSTON CONSULTING GROUP UK LLP include the Managing Partner, who oversees the overall operations of the firm, and the Practice Area Leaders, who are responsible for different sectors of the business
The company also has a team of experts in sustainability who work with clients to develop and implement sustainable strategies
Contact information for THE BOSTON CONSULTING GROUP UK LLP can be found on their website, which is https://www.bcg.com/en-gb/
The registered office address is 20 Manchester Square, London, W1U 3PZ, United Kingdom
In conclusion, THE BOSTON CONSULTING GROUP UK LLP is a top consulting firm in the UK that offers a range of services and products to help clients achieve their business objectives
With a strong focus on sustainability, the company is committed to helping clients create long-term value while also promoting responsible business practices
Company Review
Trend Analysis
The trend for The Boston Consulting Group UK LLP in terms of average time to pay invoices has generally been increasing, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also been decreasing over time, while there has been an increase in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days. The percentage of invoices not paid within agreed terms has fluctuated, but has generally been higher in recent periods compared to earlier ones.
Volatility Analysis
The data for The Boston Consulting Group UK LLP shows some volatility in terms of average time to pay and the percentage of invoices paid within 30 days, with fluctuations between periods. However, the percentage of invoices paid between 31 and 60 days and those paid later than 60 days has been relatively consistent.
Summary Analysis
Looking at the past three periods, there has been a slight decrease in the average time to pay for The Boston Consulting Group UK LLP. However, the percentage of invoices paid within 30 days has continued to decrease, while the percentage of invoices paid between 31 and 60 days and those paid later than 60 days has remained relatively stable. The percentage of invoices not paid within agreed terms has also been consistently higher in recent periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payment statistics disclosed in this report have been calculated from the date valid invoices are received by our invoicing processing team. An invoice is deemed valid if it meets our invoicing guidelines to enable its processing.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The main point of contact for disputes is the Boston Consulting Group UK LLP Accounts Payable team. For a valid submission of an invoice the supplier is required to provide the purchaser details, contract/purchase order/statement of work, and a charge code which must be provided at the time of purchase. An invoice cannot be processed without this information. If an invoice is disputed, the first point of contact will be the nominated purchaser who is expected to resolve the issue and provide the required information. This information may be requested from the supplier by the purchaser. Where this is not possible the Accounts Payable team will contact the supplier directly. The dispute is resolved when the required information is provided to the Accounts Payable team.
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?
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