BDO LLP
Company Details
Registration Number
OC305127
Registered Address
55 Baker Street London W1U 7EU
Company Status
Active
Employee Count
7053
Turnover
£897,000,000
EBITDA
£210,800,000
Company Location
Financial Overview
£39,100,000
£-48,600,000
Last Reporting Period
Filed
26 Jan 2024
Period
01 Jul 2023 - 29 Dec 2023
Payment Timing
Average Time to Pay
35 days
Payment Periods
Shortest
30 days
Longest
45 days
Max Contractual
45 days
Payment Timeline
Not Paid Within Terms
32%
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 - 29 Dec 2023 | 26 Jan 2024 | 35 | 52% | 40% | 8% | 32% |
| 31 Dec 2022 - 30 Jun 2023 | 31 Jul 2023 | 36 | 51% | 41% | 8% | 32% |
| 02 Jul 2022 - 30 Dec 2022 | 27 Jan 2023 | 35 | 56% | 36% | 8% | 35% |
| 01 Jan 2022 - 01 Jul 2022 | 29 Jul 2022 | 34 | 60% | 32% | 8% | 41% |
| 03 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 67% | 27% | 6% | 39% |
| 02 Jan 2021 - 02 Jul 2021 | 02 Aug 2021 | 30 | 68% | 24% | 8% | 46% |
| 04 Jul 2020 - 01 Jan 2021 | 29 Jan 2021 | 41 | 49% | 40% | 11% | 63% |
| 04 Jan 2020 - 03 Jul 2020 | 31 Jul 2020 | 42 | 49% | 37% | 14% | 72% |
| 06 Jul 2019 - 03 Jan 2020 | 31 Jan 2020 | 34 | 65% | 34% | 1% | 72% |
| 01 Jan 2019 - 05 Jul 2019 | 05 Aug 2019 | 40 | 47% | 41% | 12% | 69% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 41 | 49% | 41% | 10% | 68% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 46% | 43% | 11% | 76% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 42 | 41% | 46% | 13% | 71% |
Company Summary
BDO LLP is a professional services firm that offers a wide range of services including audit, tax, and advisory services to clients across various industries
The company is headquartered in London, with offices in over 160 countries worldwide
As part of their sustainability program, BDO LLP is committed to reducing their environmental impact by implementing sustainable practices in their operations
They also strive to promote diversity and inclusion within their workplace and support charitable causes through their corporate social responsibility efforts
BDO LLP offers a variety of products and services to meet the needs of their clients
These include financial and risk management, business restructuring, and technology consulting services
They also specialize in providing audit and assurance services to help businesses comply with regulatory requirements and improve their financial performance
Key people at BDO LLP include Paul Eagland, the Managing Partner, and Richard Austin, the Head of Sustainability
These leaders are responsible for driving the company's growth and sustainability initiatives
For more information on BDO LLP and their services, individuals can visit their website at www.bdo.co.uk
The company's registered office address is 55 Baker Street, London, W1U 7EU, United Kingdom
Company Review
Trend Analysis
The average time taken for BDO LLP to pay invoices has fluctuated over the past three periods, but has generally decreased from 42 days in 2017-2018 to 35 days in 2023-2024. The percentage of invoices paid within 30 days has also increased from 41% in 2017-2018 to 52% in 2023-2024. However, there has been an increase in the percentage of invoices paid later than 60 days, from 13% in 2017-2018 to 40% in 2023-2024.
Volatility Analysis
BDO LLP's average time to pay has been relatively stable over the past three periods, with a range of 34-42 days. The percentage of invoices paid within 30 days has also remained consistent, with a range of 46-65%. However, there has been a significant increase in the percentage of invoices paid later than 60 days, with a range of 10-40%.
Summary Analysis
In the past three periods, BDO LLP's average time to pay has fluctuated between 34-42 days. The percentage of invoices paid within 30 days has increased from 41% in 2017-2018 to 52% in 2023-2024. However, there has been a concerning increase in the percentage of invoices paid later than 60 days, from 13% in 2017-2018 to 40% in 2023-2024.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
BDO Network Firms terms of 45 days is the most commonly used terms for the reporting period. Other individual contracts may vary. Where the standard terms of business of 30 days apply, T&C’s can be found at www.bdo.co.uk
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
Disputes relating to supplier invoices should be communicated to P2P@bdo.co.uk
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?
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