KPMG LLP
Company Information
- Company Number
- OC301540
- Registered Address
- 15 Canada Square, London, E14 5GL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 22 February 2002
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
KPMG LLP exhibits a strong trend of prompt payments, with an average payment time of 19 days and 94% of invoices settled within 30 days. This indicates a consistent and efficient payment trajectory, suggesting reliable cash flow for suppliers. The very low percentage of payments exceeding 60 days further reinforces this positive trend.
Volatility Analysis
Payment volatility for KPMG LLP is very low, with only 5% of payments falling into the 31-60 day range and a minimal 1% extending beyond 60 days. While 9% are technically late, the vast majority are still within a reasonable timeframe, making their payment behavior highly predictable and reliable. This low variability suggests minimal risk regarding payment delays for suppliers.
Summary Analysis
Based on the data, KPMG LLP presents a low payment risk profile, warranting a favorable supplier decision. Key decision factors include their exceptional payment speed and high predictability, ensuring stable cash flow for suppliers. No specific risk mitigation strategies beyond standard terms are necessary given their strong payment performance.
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 Oct 2024 - 31 Mar 2025 | 25 Apr 2025 | 19 | 94% | 5% | 1% | 9% |
| 01 Apr 2024 - 30 Sept 2024 | 21 Oct 2024 | 20 | 93% | 6% | 1% | 9% |
| 01 Oct 2023 - 31 Mar 2024 | 12 Apr 2024 | 19 | 95% | 4% | 1% | 7% |
| 01 Apr 2023 - 30 Sept 2023 | 25 Oct 2023 | 20 | 93% | 6% | 1% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 22 | 91% | 7% | 2% | 11% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 20 | 93% | 6% | 1% | 10% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 20 | 91% | 8% | 1% | 12% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 22 | 88% | 11% | 1% | 16% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 26 | 80% | 16% | 4% | 26% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 25 | 82% | 14% | 4% | 28% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 24 | 82% | 14% | 4% | 35% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Oct 2019 | 25 | 81% | 16% | 3% | 25% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 25 | 81% | 16% | 3% | 35% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 46 | 43% | 40% | 17% | 44% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 53 | 29% | 51% | 20% | 46% |
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
KPMG LLP is the main trading entity for KPMG in the UK. To demonstrate the ongoing commitment to fair and prompt payment, KPMG have made a change to standard payment terms, so that payment of third-party invoices for goods and services will now be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice. This is a reduction from the previous 60-day timescale and will apply unless otherwise agreed in writing by a duly authorised representative. As has always been our procedure, and in line with KPMG’s corporate values, where the supplier is deemed to be a Small or Medium sized Entity (SME) the Standard payment terms remain at 30 days from receipt of a correct, undisputed, and properly due VAT invoice. We do not hold retentions from payments to sub-contractors. KPMG LLP will also settle money owed to other international KPMG member firms through ‘inter office payments’. The Standard payment terms in respect of other KPMG member firms is 45 days from receipt of a correct, undisputed, and properly due VAT invoice, again unless otherwise agreed in writing by a duly authorised representative. These terms were reverted to 45 days in March 2021 following a change to 60 days in March 2020. The figures quoted above exclude 'inter office payments'.
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
30
Dispute Resolution Process
KPMG’s core values include being committed to our communities and acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team.
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
KPMG LLP is an active limited liability partnership. The company operates as a professional services firm, a common structure for organisations within this sector.
The company holds company number OC301540 and was incorporated on 22 February 2002. Its registered office is located at 15 Canada Square, London, E14 5GL.
As a professional services organisation in the UK market, KPMG LLP typically provides a broad range of services. These commonly include audit and assurance, tax advice and compliance, and various advisory services such as consulting, deals, and risk consulting.
