Score of 89.9/100 qualifies for PaymentCheck Certification
| 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 Jul 2022 - 31 Dec 2022 | 28 Jan 2023 | 12 | 88% | 10% | 2% | 19% |
| 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 2021 - 30 Jun 2021 | 30 Jul 2021 | 14 | 85% | 14% | 1% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 13 | 90% | 9% | 1% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 78% | 17% | 5% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 22 | 76% | 19% | 5% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 23 | 77% | 18% | 5% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 51% | 41% | 8% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 59% | 32% | 9% | 30% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Ernst & Young LLP is the UK member firm of the EY professional services network, registered at 1 More London Place, London. It provides assurance, tax, consulting, strategy and transaction advisory services, along with legal and technology-enabled services, to organisations across sectors including financial services, government, health, industrials, technology and telecommunications. Its work spans audit, tax compliance and planning, risk and cybersecurity consulting, supply chain and operations advisory, M&A and transaction support, and workforce and people advisory services. The firm forms part of the wider global EY organisation, which describes its purpose as helping clients create long-term value and build trust in capital markets through data- and technology-enabled services delivered by multidisciplinary teams.
Generated from the company's website and Companies House records. Sources: ey.com · ey.com