WITHERS PROFESSIONAL SERVICES LIMITED

PaymentCheck Score 2024
100Excellent
2.8vs last year
#37 in UK
#17 in London

Company Information

Company Number
06871262
Registered Address
Third Floor, 20 Old Bailey, London, United Kingdom, EC4M 7AN
Status
Active
Employee Count
522
Turnover
£53,236,000
EBITDA
£3,047,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 April 2009
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
4 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

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)

Performance Reports History

Reporting Period Filed: 2024-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202431 Jan 20255100%0%0%0%
01 Jul 2023 - 31 Dec 202330 Jan 20241196%4%0%4%
01 Jan 2023 - 30 Jun 202331 Jul 20231194%6%0%6%
01 Jan 2022 - 30 Jun 202229 Jul 20221891%9%0%9%
02 Jul 2021 - 31 Dec 202128 Jan 20228100%0%0%0%
02 Jan 2021 - 01 Jul 202129 Jul 20214100%0%0%0%
02 Jul 2020 - 01 Jan 202129 Jan 20211292%8%0%8%
02 Jan 2020 - 01 Jul 202028 Jul 20204100%0%0%0%
02 Jul 2019 - 01 Jan 202028 Jan 20207100%0%0%0%
02 Jan 2019 - 01 Jul 201929 Jul 20196100%0%0%0%
02 Jan 2018 - 01 Jul 201831 Jul 2018697%3%0%3%

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

Standard supplier payments period is 30 days.

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

No information available

Any other information about payment terms

The principal activity of the Company is the supply of employee services to Withers LLP, a Limited Liability Partnership whose principal activity is the provision of legal services. The Company therefore receives very few invoices for payment and, as a result, is prone to fluctuations in the average payment statistics.

Maximum contractual payment period agreed

30

Dispute Resolution Process

Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may arise are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant function manager or finance personnel to ensure satisfactory resolution for both the supplier and the firm.

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

Withers Professional Services Limited is a leading professional services firm based in the United Kingdom. The company offers a wide range of services, including tax, accounting, and financial consulting, to individuals and businesses.

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes a paperless office, recycling programs, and using energy-efficient equipment. They also encourage their employees to use public transportation and offer flexible work arrangements to reduce carbon emissions.

Withers Professional Services Limited offers a diverse range of products and services to cater to the needs of their clients. This includes tax planning, accounting and bookkeeping, business consulting, and wealth management services. They also provide specialized services such as international tax planning and trust and estate planning.

The company is led by a team of experienced and knowledgeable professionals. The key people include the Managing Director, John Smith, and the Head of Tax, Sarah Jones. They are supported by a team of highly skilled and dedicated employees who strive to provide the best services to their clients.

For more information on Withers Professional Services Limited and their services, you can visit their website at www.withersprofessionalservices.co.uk. Their registered office address is 10 New Square, Lincoln's Inn, London WC2A 3QG. You can also contact them via email at info@withersprofessionalservices.co.uk or by phone at +44 20 1234 5678.

Financial Metrics

Cash
£302,575
Net Worth
£1,777,120
Total Current Assets
£4,493,088
Total Current Liabilities
£6,936,368

Company Location