KPMG UNITED KINGDOM LIMITED
Company Information
- Company Number
- 03513178
- Registered Address
- 15 Canada Square, Canary Wharf, London, E14 5GL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1998
- Nature of Business
- 70229 - Management consultancy activities other than financial management
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
KPMG's average payment time is 35 days, with 51% paid within 30 days. However, a significant 41% fall into the 31-60 day bracket, indicating a trend towards slightly extended payment periods for a substantial portion of invoices.
Volatility Analysis
A concerning 52% of payments are late, with 8% extending beyond 60 days, highlighting a moderate level of unpredictability. This indicates a tangible risk of payment delays for suppliers, which could impact cash flow reliability.
Summary Analysis
Overall, KPMG presents a moderate payment risk, with an average payment time of 35 days and over half of payments being late. Suppliers should account for potential delays beyond standard 30-day terms, perhaps adjusting internal cash flow projections and considering clear late payment clauses to mitigate risk.
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 Oct 2024 - 31 Mar 2025 | 25 Apr 2025 | 35 | 51% | 41% | 8% | 52% |
| 01 Apr 2023 - 30 Sept 2023 | 23 Oct 2023 | 19 | 100% | 0% | 0% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 24 | 93% | 7% | 0% | 8% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 29 | 100% | 0% | 0% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 27 | 72% | 28% | 0% | 35% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 22 | 81% | 19% | 0% | 23% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 37 | 55% | 30% | 15% | 45% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 25 | 73% | 24% | 3% | 34% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 33 | 46% | 48% | 6% | 60% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Oct 2019 | 29 | 72% | 26% | 1% | 29% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 22 | 85% | 15% | 0% | 30% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 56 | 36% | 40% | 24% | 34% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 53 | 12% | 63% | 25% | 46% |
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
KPMG United Kingdom Limited is a trading entity for KPMG in the UK. To demonstrate the ongoing commitment to fair and prompt payment, KPMG have made a change to standard payment terms, so that payment of third party invoices for goods and services will now be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice. This is a reduction from the previous 60 day timescale and will apply unless otherwise agreed in writing by a duly authorised representative. As has always been our procedure, and in line with KPMG’s corporate values, where the supplier is deemed to be a Small or Medium sized Entity (SME) the Standard payment terms remain at 30 days from receipt of a correct, undisputed and properly due VAT invoice. We do not hold retentions from payments to sub-contractors. KPMG UK plc will also settle money owed to other international KPMG member firms through ‘inter office payments’. The Standard payment terms in respect of other KPMG member firms is 45 days from receipt of a correct, undisputed and properly due VAT invoice, again unless otherwise agreed in writing by a duly authorised representative. These terms were reverted to 45 days in March 2021 following a change to 60 days in March 2020. The figures quoted above exclude 'inter office payments'.
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
30
Dispute Resolution Process
KPMG’s core values include being committed to our communities and acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated 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.
❌
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
KPMG UNITED KINGDOM LIMITED is an active private limited company. The company operates as the United Kingdom entity of the globally recognised KPMG professional services network.
The company was incorporated on 19 February 1998, holding company number 03513178. Its registered office is located at 15 Canada Square, Canary Wharf, London, E14 5GL.
Companies operating as part of a professional services network in the UK typically provide a range of services. These often include audit, tax advice, and various advisory and consulting services to businesses and organisations.
