DECHERT KAZAKHSTAN LIMITED
Company Information
- Company Number
- 07978170
- Registered Address
- 25 Cannon Street, London, United Kingdom, EC4M 5UB
- Status
- Active
- Employee Count
- 0
- Turnover
- £2,665
- EBITDA
- -£166,782
Additional Details
- Website
- https://dechert.com
- Company Type
- Private limited Company
- Incorporated On
- 6 March 2012
- Nature of Business
- 69102 - Solicitors
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken by DECHERT KAZAKHSTAN LIMITED to pay invoices has steadily decreased from 10 days in 2018 to 6 days in the second half of 2020. This indicates that the company has been improving its efficiency in paying invoices on time.
Volatility Analysis
The data shows that there has been some volatility in the percentage of invoices paid between 31 and 60 days. It decreased from 3% in 2018 to 1% in 2019, but then increased to 2% in the first half of 2020 before decreasing again to 1% in the second half of 2020.
Summary Analysis
Overall, there has been a significant improvement in DECHERT KAZAKHSTAN LIMITED's payment practices. The average time taken to pay invoices has decreased from 10 days in 2018 to 6 days in the second half of 2020. The percentage of invoices paid within 30 days has also increased from 95% in 2018 to 99% in the second half of 2020.
Performance Reports History
| 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 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 6 | 99% | 1% | 0% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 25 | 97% | 2% | 1% | 3% |
| 01 Jan 2019 - 31 Dec 2019 | 29 Jan 2020 | 8 | 96% | 1% | 3% | 4% |
| 01 Jan 2018 - 31 Dec 2018 | 21 Nov 2019 | 10 | 95% | 3% | 2% | 5% |
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
Dechert's standard supplier payment terms for non-client contracts states that payment is to be made within 30 days of the vendor issuing an applicable invoice.
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
30
Dispute Resolution Process
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that pay 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 the 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.
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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.
❌
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
DECHERT KAZAKHSTAN LIMITED is a law firm that provides legal services to clients in Kazakhstan. The firm is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing paper usage by promoting electronic communication and implementing recycling practices in their offices. They also encourage their employees to use public transportation and provide flexible work arrangements to reduce carbon emissions.
DECHERT KAZAKHSTAN LIMITED offers a wide range of legal services to their clients, including corporate and commercial law, dispute resolution, and intellectual property. They also have a strong presence in the energy, natural resources, and infrastructure sectors.
The key people at DECHERT KAZAKHSTAN LIMITED are the managing partner, Andrey Panov, and the deputy managing partner, Timur Aitkulov. Both have extensive experience in the legal field and have been recognized by various legal publications.
The firm can be contacted through their website, which also provides information on their services, team, and news updates. Their registered office address is located in Almaty, Kazakhstan.
In summary, DECHERT KAZAKHSTAN LIMITED is a reputable law firm in Kazakhstan that is dedicated to sustainability and offers a wide range of legal services to their clients. With experienced and knowledgeable leaders, they are a reliable choice for businesses and individuals seeking legal advice.
