EVERSHEDS SUTHERLAND LEGAL SERVICES LIMITED

PaymentCheck Score 2024
98Excellent
1.7vs last year
#262 in UK
#8 in Unknown

Company Information

Company Number
02300692
Registered Address
2 New Bailey, 6 Stanley Street, Salford, Greater Manchester, United Kingdom, M3 5GS
Status
Active
Employee Count
Coming Soon
Turnover
Coming Soon
EBITDA
Coming Soon

Additional Details

Company Type
Private limited Company
Incorporated On
28 September 1988
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Coming Soon
Region
UnknownNot specified in payment practices report

Time to Pay

Average Time to Pay
8 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
97%
31-60 Days
0%
After 60 Days
3%
Not Paid Within Terms3%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

EVERSHEDS SUTHERLAND LEGAL SERVICES LIMITED exhibits an excellent payment trend, with an average payment time of just 8 days. A remarkable 97% of invoices are paid within 30 days, indicating strong adherence to prompt payment practices and a consistent trajectory of rapid settlements.

Volatility Analysis

The company demonstrates high reliability and predictability in its payment behavior for the vast majority of transactions, with 0% falling into the 31-60 day category. However, a specific risk factor is present as 3% of payments are classified as late and extend beyond 60 days, suggesting occasional significant delays that deviate from their typical promptness.

Summary Analysis

Overall, EVERSHEDS SUTHERLAND LEGAL SERVICES LIMITED presents a very low payment risk profile for suppliers, driven by their exceptionally fast average payment time and 97% on-time rate. While the 3% of payments exceeding 60 days warrant awareness, suppliers can generally proceed with confidence, perhaps considering a brief follow-up plan for any invoices that exceed typical payment windows.

Performance Reports History

Reporting Period Filed: 2024-05-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 May 2024 - 31 Oct 202422 Nov 2024695%5%0%0%
01 Nov 2023 - 30 Apr 202422 May 2024897%0%3%3%
01 May 2023 - 31 Oct 202330 Nov 202311100%0%0%0%
01 Nov 2022 - 30 Apr 202322 May 202315100%0%0%0%
01 May 2022 - 31 Oct 202229 Nov 202215100%0%0%0%
01 Nov 2021 - 30 Apr 202226 May 202215100%0%0%0%
01 May 2021 - 31 Oct 202130 Nov 20213100%0%0%0%
01 Nov 2020 - 30 Apr 202128 May 20211598%2%0%0%
01 May 2020 - 31 Oct 202030 Nov 20203100%0%0%0%
01 Nov 2019 - 30 Apr 202001 Jun 202015100%0%0%0%
01 May 2019 - 31 Oct 201930 Nov 20191994%5%1%4%
01 Nov 2018 - 30 Apr 201930 May 20191994%2%4%4%
01 May 2018 - 31 Oct 201830 Nov 20182382%3%15%6%
01 Nov 2017 - 30 Apr 201831 May 20182779%16%5%6%
01 May 2017 - 31 Oct 201730 Nov 20173274%21%5%10%

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

Eversheds Sutherland Legal Services Limited standard payment terms are 30 days from date of invoice on normal qualifying contracts unless specifically agreed.

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

60

Dispute Resolution Process

All issues are handled by the Partner or member of staff that holds the relationship with the supplier Any resolution is specific to and agreed upon with each supplier

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.

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.

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.

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

EVERSHEDS SUTHERLAND LEGAL SERVICES LIMITED is an active private limited company providing legal services.

The company was incorporated on 28 September 1988 and operates with company number 02300692. Its registered office is situated at 2 New Bailey, 6 Stanley Street, Salford, Greater Manchester, United Kingdom, M3 5GS.

As a legal services provider, the company typically offers expert legal advice, representation, and support. Such services often encompass litigation, corporate law, real estate, employment law, and dispute resolution for a diverse client base within the UK market.

Financial Metrics

Cash
£15,800,000
Net Worth
£22,600,000
Total Current Assets
£26,700,000
Total Current Liabilities
£4,100,000

Company Location