EYGS LLP
Company Information
- Company Number
- OC301032
- Registered Address
- 1 More London Place, London, England, SE1 2AF
- Status
- Active
- Employee Count
- 1081.0
- Turnover
- 5034624000.0
- EBITDA
- 228203000.0
Additional Details
- Website
- https://ey.com
- Company Type
- Limited liability partnership
- Incorporated On
- 27 November 2001
- Industries
- Environment,Agriculture And Waste,Financial Services,Information Technology,Telecommunications And Data,Professional Services,Safety And Security,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 62 | 33% | 44% | 23% | 77% |
| 01 Jan 2023 - 30 Jun 2023 | 08 Sept 2023 | 66 | 43% | 33% | 24% | 71% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 66 | 43% | 33% | 24% | 71% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 47 | 44% | 38% | 18% | 71% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 51 | 52% | 32% | 16% | 66% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 81 | 48% | 28% | 23% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 78 | 59% | 24% | 17% | 52% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 51 | 53% | 26% | 21% | 65% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 56 | 59% | 20% | 21% | 60% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 86 | 38% | 35% | 27% | 66% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 55 | 49% | 32% | 19% | 69% |
| 30 Jun 2018 - 28 Dec 2018 | 25 Jan 2019 | 58 | 44% | 31% | 25% | 73% |
| 03 Jan 2018 - 29 Jun 2018 | 25 Jul 2018 | 45 | 55% | 28% | 17% | 60% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 46 | 50% | 29% | 21% | 79% |
Company Summary
EYGS LLP is a professional services firm based in the United Kingdom that offers a wide range of services including audit, tax, advisory, and sustainability consulting
The company is committed to promoting sustainability and has a dedicated sustainability program that focuses on helping clients achieve their environmental, social, and governance goals
The company's sustainability program includes a variety of services such as sustainability reporting, climate change and carbon management, supply chain sustainability, and sustainable finance
EYGS LLP also offers training and workshops for organizations looking to improve their sustainability practices
The key people at EYGS LLP include the managing partner, who oversees the overall operations of the firm, and the sustainability team, which is led by experienced professionals with expertise in sustainability consulting
As a part of their sustainability efforts, EYGS LLP has developed various products and services that help clients reduce their environmental impact and improve their sustainability performance
These include tools for measuring and managing carbon emissions, as well as strategies for promoting responsible supply chain practices
EYGS LLP's registered office address is 1 More London Place, London, SE1 2AF, United Kingdom
The company's website, www.ey.com/uk, provides information on their services, sustainability program, and contact details
Clients can also reach out to the firm through their social media channels, including LinkedIn, Twitter, and Facebook
Overall, EYGS LLP is a leading professional services firm that is dedicated to helping organizations achieve their sustainability goals while also providing high-quality services to their clients
Company Review
Trend Analysis
The average time taken for EYGS LLP to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, but has generally been above 50%. The percentage of invoices paid between 31 and 60 days has remained relatively consistent, while the percentage of invoices paid later than 60 days has shown a slight increase in the most recent period. The percentage of invoices not paid within agreed terms has also shown a slight decrease in the most recent period.
Volatility Analysis
The data for EYGS LLP shows some volatility in their payment behavior, with changes in the average time to pay and the percentage of invoices paid within 30 days. However, the percentage of invoices paid between 31 and 60 days has remained relatively stable, and the percentage of invoices paid later than 60 days has shown a gradual increase over time. The percentage of invoices not paid within agreed terms has also shown some volatility, with fluctuations between periods.
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 with 3rd party suppliers 60 days with the exception of the following (where the payment period is 45 days): hotel framework agreements, agreements for the purchase of physical hardware, agreements for the purchase of original equipment from manufacturers and standard purchase orders for the purchase of on-premise software and hosted software. With respect to contracts with 3rd party suppliers the payment period commences from receipt of a proper invoice. Our standard hotel framework agreements (typically used for large hotel chains where we hold employee and client events) additionally provides for: (i) the supplier to deliver a draft invoice which we have 15 days to dispute, (ii) once we sign off on the draft invoice, the supplier may submit a final invoice, and (ii) we have 30 days from receipt to pay the final invoice With respect to intra-EY network contracts, we may provide various services to other firms within the wider EY network (“EY Firm(s)”) and EY Firm(s) may provide various services to us. Our standard payment terms require EY Firm(s) to submit invoices to us quarterly in arrears. Such invoices are payable 30 days after invoice receipt. Any undisputed amounts owed to EY Firm(s) may be set off against amounts owed by EY Firm(s) to us.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
As required, our statistics include figures for payments to external “3rd party” suppliers and payments made under intra-EY network contracts to other firms within the wider EY network (“EY Firm(s)”). Accordingly our statistics are not a fair and accurate reflection of our figures so far as they relate to our 3rd party suppliers. If only payments to external 3rd party suppliers are considered then our average time to pay is reduced to 47 days and 81% of invoices paid in the reporting period are settled within 60 days of receipt. If we were to report solely on our payments to our external 3rd party suppliers, our statistics would be as follows: Average Time to pay in days Percentage of invoices paid in 0 - 30 days - 37% Percentage of invoices paid in 31 - 60 days -44% Percentage of invoices paid on or after 61 days - 19% % Payments due in the reporting period not paid within the agreed period - 49%
Maximum contractual payment period agreed
60
Dispute Resolution Process
With respect to contracts with 3rd party suppliers (as opposed to contracts with other members of the EY network), the general position is that the appointed service managers (and, if applicable, senior service managers) for each party first attempt to resolve the dispute. If the service managers cannot resolve the dispute and both parties agree the dispute may be referred to mediation. If either party does not agree with the dispute being resolved by mediation then disputes are referred to arbitration. The exceptions to this process are: (i) standard agreements for the purchase of physical hardware and agreements for the purchase of original equipment from manufacturers, which agreements do not include the mediation step and (ii) standard purchase orders for technology services which purchase orders are simply subject to the exclusive jurisdiction of the English courts to resolve disputes and do not include the service manager resolution or the mediation steps, or provisions for arbitration. With respect to intra-EY network contracts, disputes are first referred to mediation by the global executive of Ernst & Young Global Limited. If the global executive fails to negotiate a mutually settlement, disputes are finally settled by arbitration.
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
