Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 90.75/100 qualifies for PaymentCheck Certification
| 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 | 28 Jan 2026 | 22 | 93% | 6% | 1% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 24 | 89% | 9% | 2% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 25 | 89% | 8% | 3% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 25 | 87% | 9% | 4% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 25 | 87% | 9% | 4% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 30 | 82% | 12% | 6% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 29 | 79% | 15% | 6% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 27 | 82% | 15% | 3% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 86% | 11% | 3% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 26 | 88% | 8% | 4% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 27 | 85% | 10% | 5% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 25 | 89% | 8% | 3% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 44 | 50% | 36% | 14% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 43 | 48% | 37% | 15% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under PwC’s standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice in PwC’s central processing centre, payables.invoices@uk.pwc.com. On average we took 22 days to pay third party suppliers. In addition, for inter-territory trade with other PwC member firms*, the payment of undisputed sums is made in accordance with the PwC global network standard settlement policy of up to 60 days. On average we took 48 days to pay other PwC member firms. (*Member firms of the PwC global network)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
On average we took 22 days to pay third party suppliers and 48 days to pay PwC member firm suppliers, representing a weighted average of 37 days.
Maximum contractual payment period agreed
45
Standard contracts: For PwC standard contracts we seek to resolve any issues in the first instance between the authorised representatives of the firm and the supplier. Both parties should, where possible, meet within five days of the dispute arising and should continue to perform their relevant obligations, whilst working together to resolve the dispute. If the matter cannot be resolved, the issue may require escalation to senior members of both the supplier and PwC. Should it be required, the firm will seek the assistance of the mediation services of the Centre for Effective Dispute Resolution (CEDR) - for more information: https://www.cedr.com/commercial/. Implied contracts: The above process will also apply where there is no formal contract in place. The authorised representative will be the supplier’s main contact with PwC for these purchases (typically the person who ordered the goods or services and who has been named on the invoice).
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
PricewaterhouseCoopers Services Limited is a UK-registered entity within the PwC network, a global professional services organisation. Companies House lists its business as other business support activities, and its structured facts show involvement across accountancy and tax, risk and compliance, legal services, management consultancy and human resources. The wider PwC group, of which this entity forms part, provides audit and assurance, tax, deals, legal business solutions, risk services and workforce transformation, working with clients across industries such as financial services, health, technology and energy. Its own homepage describes helping clients reinvent their business using AI, data and cloud technology. The entity itself operates as part of this network rather than as a standalone trading business.
Generated from the company's website and Companies House records. Sources: pwc.com