CLIFFORD CHANCE NEWCASTLE LIMITED demonstrates a payment trend where the majority (49%) of invoices are settled between 31 and 60 days, resulting in an average payment time of 43 days. While 34% are paid within 30 days, a notable 17% consistently extend beyond 60 days, indicating a trajectory that frequently exceeds standard net-30 terms.
The company's payment reliability is somewhat unpredictable, with almost half of payments occurring in the 31-60 day window but 17% consistently being paid over 60 days. This creates a significant cash flow risk for suppliers, as the 17% late payment rate means a substantial portion of invoices will exceed typical extended credit periods.
Suppliers should anticipate an average payment time of 43 days, with a significant risk that 17% of payments will extend beyond 60 days. It is recommended to establish clear extended payment terms, consider credit limits aligned with the 43-day average, and actively monitor accounts for the 17% that become significantly overdue.
| 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 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 43 | 34% | 49% | 17% | 17% |
| 01 May 2024 - 31 Oct 2024 | 28 Nov 2024 | 36 | 44% | 50% | 6% | 6% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 50 | 27% | 52% | 21% | 21% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 45 | 26% | 60% | 14% | 14% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 45 | 27% | 59% | 14% | 14% |
| 01 May 2022 - 31 Oct 2022 | 24 Nov 2022 | 39 | 54% | 41% | 5% | 5% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 34 | 50% | 41% | 9% | 9% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 24 | 67% | 30% | 3% | 3% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 30 | 55% | 34% | 10% | 16% |
| 01 May 2020 - 31 Oct 2020 | 19 Nov 2020 | 34 | 53% | 41% | 6% | 9% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 37 | 51% | 42% | 7% | 10% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 29 | 52% | 44% | 4% | 9% |
| 01 Nov 2018 - 30 Apr 2019 | 22 May 2019 | 32 | 52% | 45% | 3% | 6% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 32 | 41% | 55% | 4% | 7% |
| 01 Nov 2017 - 30 Apr 2018 | 22 May 2018 | 18 | 82% | 9% | 9% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Contracts are managed by P2P team and any disputes are resolved as per contract terms with the help of Legal team.
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
CLIFFORD CHANCE NEWCASTLE LIMITED operates as a private limited company, specialising in the provision of legal services. Its name suggests a focus on legal practice within the Newcastle region.
This active private limited company was incorporated on 1 September 1952 and holds company number 00511097. Its registered office is located at Clifford Chance The Lumen, St James Boulevard, Newcastle Helix, Newcastle Upon Tyne, United Kingdom, NE4 5BZ, placing it firmly within the North East region.
Companies of this type, operating in the legal sector in the UK, typically provide a comprehensive range of legal services. These commonly include corporate law, commercial litigation, real estate, finance, employment law, and intellectual property advice, serving businesses and organisations across various industries.