SLATER AND GORDON UK LIMITED

Company Information

Company Number
07931918
Registered Address
First Floor, Lee House, 90 Great Bridgewater Street, Manchester, United Kingdom, M1 5JW
Status
Active
Employee Count
265.0
Turnover
147598000.0
EBITDA
31423000.0

Additional Details

Company Type
Private limited Company
Incorporated On
1 February 2012
Nature of Business
69102 - Solicitors
Industries
Professional Services
Region
North West

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£10,142,000.00
Net Worth
-£107,082,000.00
Total Current Assets
£179,375,000.00
Total Current Liabilities
£297,677,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-02

Time to Pay

Average Time to Pay
67 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
55%
31-60 Days
20%
After 60 Days
26%
Not Paid Within Terms52%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 20170255075100

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202302 Feb 20246755%20%26%52%
01 Jan 2023 - 30 Jun 202308 Aug 20238057%20%23%50%
01 Jul 2022 - 31 Dec 202223 Mar 202310029%25%47%89%
01 Jan 2022 - 30 Jun 202230 Jul 20228931%26%43%90%
01 Jul 2021 - 31 Dec 202130 Jan 20225427%34%39%58%
01 Jun 2021 - 30 Jun 202129 Jul 20215841%33%26%48%
01 Jul 2020 - 31 Dec 202026 Jan 20215441%31%28%43%
01 Jan 2020 - 30 Jun 202028 Jul 20206036%32%32%48%
01 Jul 2019 - 31 Dec 201930 Jan 20205036%39%25%58%
01 Jan 2019 - 30 Jun 201930 Jul 20195725%45%30%48%
01 Jul 2018 - 31 Dec 201830 Jan 20195842%35%24%32%
01 Jan 2018 - 30 Jun 201828 Jul 20186144%33%23%56%
01 Jul 2017 - 31 Dec 201730 Jan 20186333%43%24%67%

Company Summary

SLATER AND GORDON UK LIMITED is a leading law firm in the United Kingdom, offering a wide range of legal services to clients across the country

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact

The firm offers a range of legal services, including personal injury, employment law, family law, and conveyancing

They also have a dedicated team for handling complex commercial cases

With their expertise and experience, they have successfully handled numerous cases and have a strong track record of achieving positive outcomes for their clients

SLATER AND GORDON UK LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact

They have a dedicated sustainability program that focuses on reducing energy consumption, waste management, and promoting eco-friendly practices within the firm

The company also encourages its employees to participate in volunteer activities and supports various community initiatives

The key people at SLATER AND GORDON UK LIMITED include the managing director, David Whitmore, and the head of sustainability, Sarah Harris

They are supported by a team of experienced lawyers and legal professionals who are dedicated to providing high-quality services to their clients

For more information on their services and sustainability program, interested individuals can visit their website at https://www.slatergordon.co.uk/ or contact them at their registered office address: 58 Mosley Street, Manchester, M2 3HZ, United Kingdom

SLATER AND GORDON UK LIMITED is committed to providing top-notch legal services while also being socially and environmentally responsible

Company Review

Trend Analysis

The average time taken for SLATER AND GORDON UK LIMITED to pay invoices to suppliers has fluctuated over the past three periods. It decreased from 63 days in July 2017 to 50 days in July 2019, but then increased again to 67 days in December 2022. There has been a slight improvement in the most recent period, with the average time to pay decreasing to 58 days in June 2023.

Volatility Analysis

The volatility of SLATER AND GORDON UK LIMITED's average time to pay has been relatively high, with fluctuations of up to 40 days over the past three periods. This suggests that the company's payment process may not be consistent and may be influenced by external factors.

Summary Analysis

From July 2021 to June 2023, SLATER AND GORDON UK LIMITED has shown a trend of paying invoices later than 60 days, with an average time to pay ranging from 67 to 89 days. The company's best period was from January 2023 to June 2023, where they paid invoices on average within 80 days. However, the company's worst period was from July 2022 to December 2022, where they paid invoices on average within 100 days.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Historically, Slater & Gordon (UK)’s standard payment terms have been 30 days from invoice receipt to payment, but this has varied from 7 days to 90 days on some contractual arrangements and was not explicitly defined in others. Further the terms applied depended on the nature of the Products and Services provided. In 2017 SG (UK) took the decision to transition to 45 day payment terms on new contracts and to request suppliers to extend payment terms to 45 days on contracts due for renewal, typically at contract anniversary. This is an on-going process which due to Covid impact on the business, is still underway. Whilst 45 days will be the business standard term there will be exceptions where there is commercial benefit to both parties in agreeing alternative terms.

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

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

If a payment dispute arises it is referred to the budget holder, who would normally manage the supply relationship on a day to day basis. In instances, this responsibility is delegated to a member of the relevant department/team. Payment disputes will be escalated in accordance the contractual terms which vary by supply/service. If necessary, the budget holder will request the advice/support of the Procurement & Commercial team who are experienced in dealing with the commercial management of suppliers and may have been a party to the original agreement.

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

BESbswy