ERNST & YOUNG LLP
Company Information
- Company Number
- OC300001
- Registered Address
- 1 More London Place, London, SE1 2AF
- Status
- Active
- Employee Count
- 18,166
- Turnover
- £3,088,000,000
- EBITDA
- £752,000,000
Additional Details
- Website
- https://www.ey.com/en_uk
- Company Type
- Limited liability partnership
- Incorporated On
- 6 April 2001
- Industries
- Financial Services
- 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 | 28 Jul 2025 | 13 | 87% | 12% | 1% | 24% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 11 | 87% | 12% | 1% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 16 | 83% | 14% | 3% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 14 | 85% | 13% | 2% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 10 | 90% | 8% | 2% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 12 | 86% | 11% | 3% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 87% | 12% | 1% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 78% | 17% | 5% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 23 | 77% | 18% | 5% | 25% |
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. 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 EYUK’s accounts payable team (gds.ukap@xe02.ey.com). Ernst & Young LLP makes a significant volume of payments to other EY member firms. We have excluded intercompany payments from these results as we do not believe that these are reflective of our payments to third party suppliers. If intercompany payments are included, the time to pay would be 17 days, % not paid in terms would be 46%, paid in 30 days would be 76%, % paid in 60 days would be 22% and % paid in 61+ days would be 2%. To ensure timely processing, invoices should state: the contact details of the EY point of contact; the relevant purchase order number; the period to which the invoice relates; the Supplier’s bank account for payment; all charges and applicable taxes, and a description of the services/products.
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
90
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 LLP is a multinational professional services firm that provides audit, tax, consulting, and advisory services to clients around the world. The company was founded in 1989 and is headquartered in London, UK.
Sustainability is a key focus for ERNST & YOUNG LLP, with a dedicated sustainability program in place. The company aims to reduce its environmental impact through various initiatives such as reducing carbon emissions, promoting sustainable procurement practices, and implementing energy-efficient solutions in their operations. They also prioritize diversity and inclusion in their workforce and have set targets to increase representation of underrepresented groups in their leadership positions.
In terms of products and services, ERNST & YOUNG LLP offers a wide range of services to clients in various industries. Their audit services help clients ensure financial statements are accurate and comply with regulations. They also provide tax advisory services to help clients navigate complex tax laws and regulations. Additionally, the company offers consulting and advisory services to help clients improve their operations and achieve their business goals.
The key people at ERNST & YOUNG LLP include Carmine Di Sibio, the Global Chairman and CEO, and Julie Teigland, the Regional Managing Partner for Europe, Middle East, India, and Africa. The company has over 300,000 employees worldwide, with a diverse and talented team of professionals.
For more information on ERNST & YOUNG LLP and their services, you can visit their website at https://www.ey.com/en_uk. Their registered office address is 1 More London Place, London, SE1 2AF, UK. They also have offices in various locations around the world, which can be found on their website.
