Score of 82/100 qualifies for PaymentCheck Certification
DELOITTE GFS LIMITED demonstrates a consistent payment trend, with an average payment time of 29 days. A significant 70% of payments are settled promptly within 30 days, indicating a strong positive trajectory towards timely disbursements. While 30% of payments fall into the 31-60 day range, there are no instances of payments exceeding 60 days or being officially late.
The company exhibits high reliability in payment execution, as 100% of invoices are paid within 60 days and there are no recorded late payments, suggesting low overall volatility. Predictability for suppliers is strong, as there is no risk of payments extending beyond two months, though a segment of payments might require slightly longer cash flow planning (31-60 days). This consistent performance mitigates significant risk factors associated with unpredictable payment delays.
Overall, DELOITTE GFS LIMITED represents a low payment risk for suppliers, offering a generally reliable and predictable payment environment. Key decision factors include their robust average payment time and the complete absence of payments over 60 days or official late statuses. Suppliers should account for the 30% of payments that extend to 31-60 days in their cash flow forecasts, but no specific risk mitigation strategies beyond standard business practices appear necessary.
| 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 Dec 2024 - 30 May 2025 | 27 Jun 2025 | 30 | 70% | 30% | 0% | 0% |
| 01 Jun 2024 - 30 Nov 2024 | 07 Jan 2025 | 29 | 70% | 30% | 0% | 0% |
| 01 Dec 2023 - 31 May 2024 | 11 Feb 2025 | 23 | 80% | 20% | 0% | 55% |
| 01 Jun 2023 - 30 Nov 2023 | 12 Feb 2024 | 17 | 79% | 21% | 0% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Deloitte is a network of independent member firms operating in particular countries and territories under a common brand, with certain entities that serve a coordinating role for the network. Deloitte GFS Limited (GFS) is an entity that acts as a captive service provider for certain members of the Deloitte network. GFS does not provide services to out-of-network customers or clients. GFS’ standard payment period is 45 days from receipt of an approved invoice. This payment period is typically used when contracting with other Deloitte entities (in-network suppliers). In the limited circumstances that GFS contracts with entities external to the Deloitte network (out-of-network suppliers), GFS may use non-standard payment periods in accordance with the agreed-upon contract terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As required, GFS’ payment statistics include payments made under intra-Deloitte network contracts to other entities within the wider Deloitte network, not only payments to out-of-network suppliers. To improve transparency for out-of-network suppliers, GFS has calculated what its payment statistics would be if payments owed to in-network suppliers were excluded. If GFS only reported on its payment practices for out-of-network suppliers, its payment statistics would be: Average time taken to pay out-of-network invoices: 27 days Out-of-network invoices paid: • within 30 days: 75% • in 31 to 60 days: 25% • in 61 days or more: 0% Out-of-network invoices due but not paid within agreed terms: 0%
Maximum contractual payment period agreed
45
GFS is committed to fair business practices and acting with integrity. GFS endeavours to resolve all invoicing disputes in a fair and timely manner. In the event of an out-of-network dispute, out-of-network suppliers are encouraged to work with their primary GFS business contact to amicably resolve the matter. Unresolved matters can be finally settled in accordance with the agreed-upon contract terms. In the event of an in-network dispute, in-network suppliers are required to attempt to negotiate a resolution with GFS in good faith. Unresolved disputes may be escalated through in-network governance mechanisms and, if necessary, resolved through arbitration.
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
DELOITTE GFS LIMITED operates as an active private company limited by guarantee without share capital. This structure signifies an organisation established for non-commercial or specific purposes, where members act as guarantors for a set liability rather than holding equity.
The company was incorporated on 1 June 2017, identified by company number 10798403. Its registered office is located at 1 New Street Square, London, United Kingdom, EC4A 3HQ.
In the UK market, companies limited by guarantee without share capital typically pursue objectives that do not involve distributing profits to shareholders. These organisations often serve professional bodies, charitable causes, or associations, focusing on membership services, advocacy, or the advancement of specific interests.