ERNST & YOUNG SERVICES LIMITED
Company Information
- Company Number
- 02812206
- Registered Address
- 1 More London Place, London, SE1 2AF
- Status
- Active
- Employee Count
- 17,561
- Turnover
- £1,632,000,000
- EBITDA
- £92,000,000
Additional Details
- Website
- https://ey.com
- Company Type
- Private limited Company
- Incorporated On
- 23 April 1993
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Environment,Agriculture And Waste,Financial Services,Professional Services,Property,Infrastructure And Construction,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 2024 - 30 Jun 2024 | 29 Jul 2024 | 22 | 91% | 9% | 0% | 27% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 16 | 94% | 6% | 0% | 94% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 13 | 100% | 0% | 0% | 76% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 17 | 92% | 8% | 0% | 62% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 18 | 75% | 25% | 0% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 15 | 93% | 7% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 19 | 93% | 7% | 0% | 14% |
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
Ernst & Young LLP is the main trading entity for EY in the UK, not Ernst & Young Services LTD. Unless otherwise agreed in writing, EY will pay for third party goods or services, within 45 days of receipt of a correct, undisputed and properly due VAT invoice by EY UK's accounts payable team (gds.ukap@xe02.ey.com)
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
45
Dispute Resolution Process
With respect to contracts with suppliers, the general position is that the appointed service managers (and, if applicable, senior service managers) for each party first attempt to resolve the dispute (the EY point of contact varies from contract to contract). Additionally suppliers can contact EY’s dedicated accounts payable team (gds.ukap@xe02.ey.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior EY contacts, as needed), in accordance with the terms of the contract.
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.
❌
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
ERNST & YOUNG SERVICES LIMITED is a leading global professional services firm, providing a wide range of services to businesses and organizations. With over 300,000 employees in more than 150 countries, the company offers auditing, tax, advisory, and other consulting services.
In addition to their core services, ERNST & YOUNG also has a strong focus on sustainability. The company has implemented various initiatives to reduce their environmental impact, such as energy-efficient buildings, waste reduction, and responsible sourcing of materials. They also have a sustainability training program for their employees, ensuring that they are knowledgeable about sustainable practices.
One of the key products of ERNST & YOUNG is their EY Climate Change and Sustainability Services, which helps clients manage and mitigate their environmental impact while also identifying opportunities for sustainable growth. This service is in high demand as more businesses are recognizing the importance of sustainability.
The company's key people include their CEO, Carmine Di Sibio, who has been with the company for over 30 years, and their Global Chairman and Regional Managing Partner, Mark Weinberger. Both leaders are committed to driving the company's sustainability efforts and have been recognized for their leadership in this area.
For more information on ERNST & YOUNG SERVICES LIMITED and their services, you can visit their website at www.ey.com. Their registered office address is 1 More London Place, London, SE1 2AF, United Kingdom.
