EY ADVISORY NETHERLANDS LLP
Company Information
- Company Number
- OC425442
- Registered Address
- 1 More London Place, London, United Kingdom, SE1 2AF
- Status
- Active
- Employee Count
- 1,005
- Turnover
- £261,418,000
- EBITDA
- £61,475,000
Additional Details
- Website
- https://ey.com
- Company Type
- Limited liability partnership
- Incorporated On
- 2 January 2019
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 29 | 79% | 13% | 8% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 25 | 75% | 21% | 4% | 64% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 82 | 13% | 27% | 60% | 80% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 29 | 65% | 28% | 7% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 37 | 47% | 42% | 11% | 28% |
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
Besides any other requirements described in the agreement, invoices of the supplier need to meet the legal invoicing requirements, as mentioned on the website of the Dutch Tax Authorities. Invoices are to be addressed to the purchasing EY entity, directed at the contact person within EY, at address P.O. Box 90636, 2509 LP The Hague, The Netherlands, indicating the Purchase Order and/or Engagement number (starting with E- of I-). Invoices are to be submitted via e-mail to gsspoland.ap.nl@xe05.ey.com. EY reserves the right to issue additional instructions with respect to invoicing in writing and the supplier is obliged to follow-up such additional instructions. - EY will have the right to suspend payment on its part in the event that the supplier fails to return to EY the files, documents, information, designs, models and any and all copies thereof as referred to in Article 49, and/or the instruments as referred to in Article 59, or fails to return all such instruments and/or files, documents, information, designs, models and any and all copies thereof, or returns them in damaged state at the time of the final delivery or upon first demand. - To the extent not stated otherwise, the agreed prices include any and all additional costs and exclude VAT. Additional costs include, but are not limited to, delivery costs, costs for permits and any and all other levies. - The payment by EY of any invoice in accordance with the Articles 25, 26, 27, 28, 29, 30 and 31 (Rates and payment) does not also constitute acceptance of the services or goods delivered, and does not affect any statements made or guarantees or warranties issued by the supplier. - EY’s failure to pay an invoice on the grounds of the presumed incorrectness of that invoice does not give the supplier the right to suspend or terminate its obligations under the agreement. - The price stated in the agreement with respect to the delivery of goods and/or the provision of services will be binding. The supplier cannot pass any changes in wages, taxes and any other cost price determining factors on to EY. * For small and mid-sized suppliers, meaning suppliers with less than 250 employees and a annual turnover up to EUR 50 million and/or a balance sheet total up to EUR 43 million, the following applies: Invoices that are due and payable will be paid within thirty days of their date of receipt to the extent that the Supplier has completely and properly delivered/performed the agreement and to the extent that EY has received a proper invoice. In the event that EY owes the supplier damages due to the delayed payment of an invoice, the amount of such damages will not exceed the amount of the interest referred to in Section 119a of Book 6 of the Dutch Civil Code. Under no circumstances Supplier may demand payment in advance. * For suppliers exceeding the criteria in the previous asterisk, the following applies: Invoices that are due and payable will be paid within 45 days of their date of receipt to the extent that the supplier has completely and properly delivered/performed the agreement and to the extent that EY has received a proper invoice. In the event that EY fails to pay within the said 45-day period, the supplier shall so notify EY in writing within no more than seven days of the expiry of that period. In the event that EY owes the supplier damages due to the delayed payment of an invoice, the amount of such damages will not exceed the amount of the interest referred to in Section 119 of Book 6 of the Dutch Civil Code. Under no circumstances Supplier may demand payment in advance.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event of a dispute between EY and the supplier a complaint can be raised to the Shared Service Department of EY Netherlands which can be contacted at GSSPoland.AP.NL@xe05.ey.com or phone number +31 88 4079946 . This department will send the complaint to the invoice approver within EY responsible for follow up . The EY invoice approver and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved both parties should escalate to a senior representative from each party which shall meet and endeavour to resolve the dispute within a reasonable time. If a settlement cannot be met then the matter may be referred to the court of Rotterdam in the Netherlands.
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?
❌
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
EY Advisory Netherlands LLP is a leading professional services firm that offers a wide range of advisory services to clients in the Netherlands and around the world. The company has a strong focus on sustainability and is committed to helping businesses achieve their goals in a responsible and ethical manner.
Their sustainability program encompasses various initiatives such as promoting sustainable business practices, reducing their environmental footprint, and supporting community development projects. They also provide sustainability advisory services to help clients integrate sustainability into their operations and decision-making processes.
EY Advisory Netherlands LLP offers a diverse portfolio of products and services, including consulting, assurance, tax, and transaction advisory services. They work with clients from various industries, including financial services, government, technology, and consumer products.
The key people at EY Advisory Netherlands LLP include their Managing Partner, who leads the firm's overall strategy and operations, and their team of experienced partners who provide expert guidance and support to clients. They also have a team of dedicated professionals who are committed to delivering high-quality services to their clients.
For more information, you can visit their website at https://www.ey.com/en_nl or contact them at their registered office address: EY Advisory Netherlands LLP, Gustav Mahlerlaan 1212, 1081 LA Amsterdam, Netherlands.
