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DELOITTE MCS LIMITED

Company number: 03311052

Reporting period:
1 December 2020 to 31 May 2021


This information is as reported by the business, and responses are in their own words.

This report was filed on 28 June 2021

and approved by Donna Ward

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

  • within 30 days: 83%
  • in 31 to 60 days: 15%
  • in 61 days or more: 2%

Invoices due but not paid within agreed terms: 19%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Full terms and conditions can be found on the website: https://www2.deloitte.com/uk/en/footerlinks1/supplier-standard-terms-conditions.html?icid=bottom_supplier-standard-terms-conditions

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

45 days

30 days is standard for all external vendors and most Interfirm vendors. Three Interfirm vendors are set to 45 days by special agreement.

Any other information about payment terms

To demonstrate the ongoing commitment to fair and prompt payment we have paid 100% of third party suppliers within 60 days, with an average days to pay of 19 days from receipt of an invoice.

Dispute resolution process

The firm has a dedicated Finance Service Desk which is reachable by phone and email. Vendors with invoice queries need to contact this team. The team will be able to advise on the status of the invoice/payment. If the dispute is around incomplete invoices or missing information the accounts payable team will contact the vendor to obtain the missing information. If there is a dispute with the invoice, the finance service desk team along with the accounts payable team will liaise with the Deloitte contact who ordered the goods/services. The Deloitte contact will liaise directly with the vendor to resolve the dispute and inform the accounts payable team of the outcome so they can amend our system and make the payment.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes, this business has signed up to: Prompt Payment Code

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.

No

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.

No

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?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No