DELOITTE ERDC LIMITED
Company Information
- Company Number
- 10188050
- Registered Address
- 1 New Street Square, London, United Kingdom, EC4A 3HQ
- Status
- Active
- Employee Count
- 1,056
- Turnover
- £70,211,000
- EBITDA
- £5,920,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 May 2016
- Nature of Business
- 70229 - Management consultancy activities other than financial management
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for DELOITTE ERDC LIMITED to pay invoices has decreased over the three periods, going from 27.6 days in 2022-2023 to 22 days in 2023-2024. This is a decrease of 20% over the three periods.
Volatility Analysis
The company has shown a steady trend of paying invoices faster over the three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the second period compared to the first.
Summary Analysis
In the most recent period (2023-2024), DELOITTE ERDC LIMITED has improved its payment efficiency with an average time to pay of 22 days. This is a 12% decrease from the previous period (2022-2023) where the average time to pay was 25.2 days. The company has also increased the percentage of invoices paid within 30 days by 4% and decreased the percentage of invoices paid later than 60 days by 6%. This shows a positive trend towards early payment and a decrease in payment delays. However, the company should continue to work on decreasing the percentage of invoices paid between 31 and 60 days, which saw a slight increase of 2% in the second period compared to the first.
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 | 29 Jul 2025 | 25 | 58% | 42% | 0% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 28 | 54% | 46% | 0% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 19 | 78% | 22% | 0% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 22 | 80% | 20% | 0% | 70% |
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
Standard payment terms within Deloitte network For in-network suppliers, the standard payment period is 45 days from receipt of an approved invoice. “Deloitte Entities” means one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. Standard out-of-network payment terms Subject to the following exceptions, for out-of-network suppliers, the standard payment period for goods and/or services is between 14 to 30 days from receipt of an approved invoice.
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
The firm has a dedicated Finance Service Desk which is reachable by phone and email. Suppliers with invoice queries need to contact this team. The team will be able to advise on the status of the invoice/payment. If the dispute is around incomplete invoices or missing information the accounts payable team will contact the supplier to obtain the missing information. If there is a dispute with the invoice, the finance service desk team along with the accounts payable team will liaise with the Deloitte contact who ordered the goods/services. The Deloitte contact will liaise directly with the supplier to resolve the dispute and inform the accounts payable team of the outcome so they can amend our system and make the payment.
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?
No information available
Company Summary
DELOITTE ERDC LIMITED is a leading global professional services firm that provides a wide range of services in the areas of audit, tax, consulting, and financial advisory. The company has a strong focus on sustainability and is committed to making a positive impact on the environment and society.
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting diversity and inclusion, and implementing ethical business practices. They also offer sustainability consulting services to help their clients achieve their sustainability goals.
DELOITTE ERDC LIMITED offers a diverse range of products and services to their clients, including financial and risk management, human capital, strategy and operations, technology, and mergers and acquisitions. They work with clients from a variety of industries, including technology, healthcare, energy, and public sector.
The company is led by a team of experienced and knowledgeable professionals, including the CEO, Richard Houston, and the Chairman, Nick Owen. They are supported by a team of over 330,000 employees worldwide, who are dedicated to delivering high-quality services to their clients.
The registered office address for DELOITTE ERDC LIMITED is 2 New Street Square, London, EC4A 3BZ, United Kingdom. Their website address is https://www2.deloitte.com/uk/en.html, where interested parties can find more information about their services and sustainability efforts. Overall, DELOITTE ERDC LIMITED is a reputable and socially responsible company that strives to make a positive impact on the world through its services and sustainability initiatives.
