PRICEWATERHOUSECOOPERS SERVICES LIMITED
Company Information
- Company Number
- 00728502
- Registered Address
- 1 Embankment Place, London, WC2N 6RH
- Status
- Active
- Employee Count
- 22,688
- Turnover
- £2,782,724,000
- EBITDA
- £256,814,000
Additional Details
- Website
- https://pwc.com
- Company Type
- Private limited Company
- Incorporated On
- 29 June 1962
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Environment,Agriculture And Waste,Financial Services,Professional Services,Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 24 | 89% | 9% | 2% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 25 | 87% | 9% | 4% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 30 | 82% | 12% | 6% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 86% | 11% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 25 | 89% | 8% | 3% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 43 | 48% | 37% | 15% | 28% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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 25 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 51 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 25 days to pay third party suppliers and 51 days to pay PwC member firm suppliers, representing a weighted average of 39 days.
Maximum contractual payment period agreed
45
Dispute Resolution Process
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).
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.
❌
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
PricewaterhouseCoopers Services Limited, also known as PwC, is a multinational professional services network headquartered in London, United Kingdom. The company provides various services such as audit, tax, consulting, and financial advisory to clients worldwide.
PwC is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has set targets to reduce its carbon emissions, increase the use of renewable energy, and promote sustainable practices among its employees and clients.
In terms of products and services, PwC offers a wide range of solutions to help businesses improve their performance and manage risks. This includes financial and operational consulting, mergers and acquisitions, tax planning, and cybersecurity services. PwC also provides assurance and audit services to ensure the accuracy and reliability of financial information.
The company is led by a team of experienced and knowledgeable professionals, including Chairman and Senior Partner Kevin Ellis and Global CEO Bob Moritz. They are supported by a diverse and talented workforce of over 276,000 employees across 157 countries.
For more information on PwC's services and sustainability efforts, interested individuals and businesses can visit their website at www.pwc.co.uk. The registered office address for PwC is 1 Embankment Place, London WC2N 6RH, UK.
