FTI CONSULTING LLP
Company number: OC372614
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
27 February 2025
Approved by:
Greg Robinson
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 15%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
FTI Consulting LLP standard payment terms are 30 days from date of invoice however, different payment terms are in place with various suppliers. Payment terms for some subcontractors working on LLP client engagements are 7 working days. Payment terms for some subcontractors working on LLP client engagements are when FTI Consulting LLP has been paid by its client for services provided. Payment terms for some subscription services suppliers are 60 from date of invoice.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputed invoices queries are handled by the centralised EMEA Shared Services function who work with the respective business unit to resolve supplier issues
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