BURGES SALMON COMPANY LIMITED

PaymentCheck Score 2023
70Fair
0.1vs last year
#2730 in UK
#133 in South West

Company Information

Company Number
07556770
Employee Count
875
Turnover
£222,000
EBITDA
£11,000

Additional Details

Industries
Coming Soon
Region
South West

Time to Pay

Average Time to Pay
47 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:61 days

Payment Timeline

Within 30 Days
65%
31-60 Days
13%
After 60 Days
23%
Not Paid Within Terms27%

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: 2023-11-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 May 2023 - 31 Oct 202327 Nov 20234765%13%23%27%
01 Nov 2022 - 30 Apr 202317 May 20233472%18%10%17%
01 Nov 2021 - 30 Apr 202206 Jun 20224866%25%9%19%
01 May 2021 - 31 Oct 202126 Nov 20213271%22%7%14%
01 Nov 2020 - 30 Apr 202124 May 20213867%22%11%16%
01 Nov 2018 - 30 Apr 201919 Jul 20193764%25%11%19%
01 May 2018 - 31 Oct 201819 Jul 20192879%14%7%13%
01 Nov 2017 - 30 Apr 201819 Jul 20193575%16%9%13%
01 May 2017 - 31 Oct 201729 Nov 20172878%15%7%17%

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

For goods and services, our typical payment terms are 30 days from the end of the month of receipt of invoice. Invoices are paid via weekly BACS payment runs to include all invoices due to the supplier in that given period.

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

61

Dispute Resolution Process

Any queries relating to payment of invoices should be sent to the Accounts Payable team within the Finance department. The supplier should liaise with the relevant officer who placed the order to resolve any dispute or complaint.

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

BURGES SALMON COMPANY LIMITED is a leading UK-based law firm that provides a wide range of legal services to businesses, individuals and organizations. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote sustainable practices.

Their sustainability program includes measures such as reducing energy consumption, promoting recycling and waste reduction, and using sustainable suppliers. They also encourage their employees to use public transport and support local community projects.

The company offers a diverse range of legal services, including corporate and commercial law, dispute resolution, employment law, and real estate. They have a team of highly experienced and qualified lawyers who provide high-quality and personalized services to their clients.

Some of the key people in the company include the Managing Partner, Sarah Sillars, who has been with the firm for over 30 years, and the Chairman, Chris Seaton, who has been with the company for over 20 years. They also have a team of partners and associates who are experts in their respective fields.

The contact information for BURGES SALMON COMPANY LIMITED is as follows: their website is www.burges-salmon.com and their registered office address is One Glass Wharf, Bristol, BS2 0ZX, United Kingdom.

In conclusion, BURGES SALMON COMPANY LIMITED is a reputable law firm that prioritizes sustainability and offers a wide range of legal services. With their experienced team and commitment to sustainable practices, they continue to be a leading player in the legal industry.

Financial Metrics

Cash
£4,081,000
Net Worth
£282,000
Total Current Assets
£4,096,000
Total Current Liabilities
£3,814,000