CROWE U.K. LLP
Company number: OC307043
Reporting period:
1 October 2023 to 31 March 2024
Report filed on:
23 April 2024
Approved by:
Jaki Mitchell
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 49%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 76%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise agreed in writing, Crowe U.K. LLP will strive to pay for third party goods or services that are undisputed and where a valid VAT invoice has been received, in accordance with the terms of each invoice. Where no due date is stated on an invoice, and in the absence of any other agreement, a due date of 30 days from the date of the invoice is assumed. Except where different payment terms have been agreed in writing with a supplier, authorised invoices will be paid on one of the bi-monthly payment run dates which usually occur mid month and on the last working day of the month
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
To ensure timely processing, invoices should state: the name of the Crowe U.K. LLP point of contact; the period to which the invoice relates; the Supplier’s bank account for payment; all charges and applicable taxes, and a description of the services/products. Invoices should be emailed to crowe.purchaseteam@crowe.co.uk.
Dispute resolution process
With respect to contracts with suppliers, the general position is that the Crowe U.K. LLP representative responsible for ordering the relevant goods or service first attempt to resolve the dispute. Additionally suppliers can contact Crowe’s dedicated accounts payable team (crowe.purchaseteam@crowe.co.uk). Such contacts would generally seek to deal with any disputes promptly (involving other senior Crowe contacts as needed), in accordance with the terms of the contract.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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