The trend for LYONS DAVIDSON LIMITED is generally positive, with the average time to pay decreasing over the past three periods. However, there was a slight increase in the last period.
The volatility for LYONS DAVIDSON LIMITED is relatively stable, with no major fluctuations in the average time to pay or percentage of invoices paid within 30 days.
| 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 Jun 2025 - 30 Nov 2025 | 04 Jan 2026 | 50 | 51% | 33% | 16% | 42% |
| 01 Nov 2021 - 31 May 2022 | 29 Jun 2022 | 41 | 32% | 56% | 12% | 17% |
| 01 Jun 2021 - 30 Nov 2021 | 22 Dec 2021 | 39 | 44% | 46% | 10% | 16% |
| 01 Dec 2020 - 31 May 2021 | 18 Nov 2021 | 37 | 41% | 47% | 11% | 13% |
| 01 Jun 2019 - 30 Nov 2019 | 31 Dec 2019 | 37 | 46% | 44% | 11% | 24% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 51 | 31% | 42% | 27% | 47% |
| 01 Jun 2018 - 30 Nov 2018 | 21 Dec 2018 | 47 | 40% | 26% | 34% | 46% |
| 01 Dec 2017 - 31 May 2018 | 28 Jun 2018 | 51 | 36% | 34% | 30% | 44% |
| 01 Jun 2017 - 30 Nov 2017 | 22 Dec 2017 | 45 | 37% | 53% | 10% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Lyons Davidson's standard practice is to pay trade purchase ledger suppliers within 30 days or receipt of a valid and accurate VAT invoice (unless a different payment period is specifically agreed with a particular supplier) and provided we are satisfied that the goods or services have been delivered or performed in accordance with the agreement with that supplier. In relation to disbursements (including counsel services) Lyons Davidson's standard practice is to pay suppliers within two business days of receipt of those funds from our clients, in accordance with the firm's policy in relation to the SRA Accounts Rules.
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
45
Material disputes relating to payments with our suppliers are very rare as we will have agreed cost and payment terms prior to the goods being delivered or services being performed. Any disputes or other queries are raised and discussed with the supplier (by the relevant contact in the Lyons Davidson operational or finance team) with the intention of resolving the dispute or query promptly and to the satisfaction of both parties.
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
LYONS DAVIDSON LIMITED is a UK-based law firm that provides a range of legal services to individuals, businesses, and organizations. The company was founded in 1964 and has since grown to become one of the leading law firms in the country.
The firm offers a wide range of services including personal injury, employment law, family law, and commercial law. They have a team of experienced lawyers who provide expert advice and representation to their clients.
LYONS DAVIDSON LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place that focuses on reducing waste, energy consumption, and carbon emissions. The firm also encourages its employees to use public transport or cycle to work, and they have a green procurement policy in place.
In addition to their sustainability efforts, LYONS DAVIDSON LIMITED also offers a range of products and services to support their clients. They have a dedicated online portal that allows clients to securely access their case information and communicate with their lawyer. The firm also offers a free initial consultation for new clients.
The key people at LYONS DAVIDSON LIMITED include the Managing Partner, Andrew Higgins, and the Head of Marketing, Sarah Coulson. The company's registered office address is located in Bristol, UK.
Overall, LYONS DAVIDSON LIMITED is a reputable law firm that is committed to providing high-quality legal services while also being mindful of their environmental impact. Their dedication to sustainability and their range of services make them a top choice for clients in need of legal assistance. For more information, visit their website at www.lyonsdavidson.co.uk.
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