PRICEWATERHOUSECOOPERS CI LLP
Company Information
- Company Number
- OC309347
- Registered Address
- 1 Embankment Place, London, WC2N 6RH
- Status
- Active
- Employee Count
- 502.0
- Turnover
- 80270000.0
- EBITDA
- 22576000.0
Additional Details
- Website
- https://pwc.com
- Company Type
- Limited liability partnership
- Incorporated On
- 22 September 2004
- Industries
- Financial Services
- 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 | 30 Jan 2024 | 36 | 57% | 30% | 13% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 52% | 30% | 18% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 24 | 61% | 14% | 24% | 34% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 38 | 52% | 28% | 20% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 32 | 60% | 24% | 16% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 29 | 67% | 21% | 12% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 30 | 71% | 16% | 13% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 29 | 72% | 16% | 12% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 34 | 66% | 19% | 15% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 35 | 67% | 22% | 11% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 31 | 64% | 24% | 12% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 12 Jul 2018 | 33 | 71% | 14% | 15% | 18% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 28 | 65% | 29% | 6% | 11% |
Company Summary
PricewaterhouseCoopers CI LLP (PwC) is a leading professional services firm that offers a wide range of services including audit, tax, and advisory services
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program focuses on three key areas: reducing carbon emissions, promoting sustainable practices, and engaging with stakeholders
PwC has set a target to reduce their carbon footprint by 50% by 2030 and has implemented various measures such as using renewable energy sources, promoting telecommuting, and reducing paper usage
In addition to their sustainability efforts, PwC also offers a range of products and services that help their clients achieve their sustainability goals
This includes sustainability reporting, carbon footprint analysis, and sustainability strategy development
The key people at PwC include the firm's partners and directors who are responsible for the overall management and strategic direction of the company
They also have a team of dedicated sustainability experts who work with clients to develop and implement sustainable business practices
PwC's registered office address is 1 Embankment Place, London, WC2N 6RH, United Kingdom
They can be contacted via their website at www.pwc.com/uk or by phone at +44 (0)20 7583 5000
PwC is committed to making a positive impact on society and the environment, and their sustainability efforts and services reflect this commitment
Company Review
Trend Analysis
There has been a slight increase in the average time to pay over the past three periods, with a peak at 38 days in the second half of 2022. There has also been a steady decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. These trends suggest that PRICEWATERHOUSECOOPERS CI LLP may be taking longer to pay invoices to suppliers.
Volatility Analysis
The data shows significant fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. This indicates that PRICEWATERHOUSECOOPERS CI LLP may not have a consistent payment system in place, leading to variability in their payment practices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Under PwC’s standard contractual terms, we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice into PwC CI LLP’s Accounts Payable. The email address for our Accounts Payable is bci_accounts-payable@pwc.com. For the PwC network suppliers, the firm commits to payment of all undisputed sums in accordance with the PwC Global Information, Policies and Procedures for Recording, Reporting and Payment. (Settlement in 60 days) PwC network suppliers refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. We are a network of firms in 151 countries with more than 364,000 people. Please see www.pwc.com “- About us - Global Annual Review” for further details.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Average days to pay -third party suppliers 25 days Average days to pay Intra-PwC Network suppliers 57 days
Maximum contractual payment period agreed
60
Dispute Resolution Process
Standard contracts: For PwC standard contracts we will attempt to settle in the first instance with negotiations between the authorised representatives of each of the parties. Both parties should, if possible, meet within five days of the dispute arising and they should continue to perform their relevant obligations, whilst working together to resolve the dispute. PWC CI LLP’s Accounts Payable contact information is provided on all emails and remittances sent from our Accounts Payable team. Implied contracts: Where there is no formal contract in place, the above process will also apply. For this purpose, the authorised representative will be the supplier’s main contact with PwC for these purchases (typically the person who ordered the goods or services and who has been named on the invoice)
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
