SOLICITORS REGULATION AUTHORITY LIMITED
Company Information
- Company Number
- 12608059
- Registered Address
- The Cube, 199 Wharfside Street, Birmingham, United Kingdom, B1 1RN
- Status
- Active
- Employee Count
- 708
- Turnover
- £76,619,000
- EBITDA
- £1,981,000
Additional Details
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 18 May 2020
- Nature of Business
- 80300 - Investigation activities84110 - General public administration activities84130 - Regulation of and contribution to more efficient operation of businesses
- Industries
- Professional Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 May 2025 - 31 Oct 2025 | 10 Nov 2025 | 17 | 96% | 4% | 0% | 9% |
| 01 Nov 2024 - 30 Apr 2025 | 13 May 2025 | 10 | 95% | 4% | 1% | 10% |
| 01 Nov 2023 - 30 Apr 2024 | 17 May 2024 | 27 | 77% | 12% | 11% | 34% |
| 01 May 2023 - 31 Oct 2023 | 06 Dec 2023 | 40 | 64% | 18% | 18% | 67% |
| 01 Nov 2022 - 30 Apr 2023 | 25 May 2023 | 15 | 93% | 4% | 3% | 7% |
| 01 Nov 2021 - 30 Apr 2022 | 18 May 2022 | 13 | 92% | 6% | 2% | 8% |
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
12. Payment 12.1 Payment for Goods received, or Services completed to Our satisfaction, shall be made within 30 days of receipt of a correct, itemised invoice. 12.2 Your invoice must quote the full Purchase Order Number and be addressed as detailed on the front of this Purchase Order. 12.2 We shall not be responsible for any delays in payment arising from failure to comply with these invoicing instructions. 12.2
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
30
Dispute Resolution Process
Dispute resolution In the first instance, any disputes regarding payment of orders should be raised with the Accounts Payable team directly. accountspayable@sra.org.uk (0121 820 2590 Option 1) If this does not lead to a satisfactory resolution within 5 working days of being raised, the matter can be escalated to the Director of Finance and Procurement. david.adams@sra.org.uk (0121 820 2590)
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
The Solicitors Regulation Authority Limited (SRA) is the independent regulatory body for solicitors in England and Wales. Its main responsibility is to regulate the conduct and standards of solicitors and law firms in order to protect the public and promote a fair and effective legal system.
The SRA's sustainability program focuses on promoting ethical and responsible practices within the legal profession. This includes encouraging law firms to adopt sustainable practices such as reducing their carbon footprint and promoting diversity and inclusion within their workforce.
In terms of products and services, the SRA offers a wide range of resources and guidance for solicitors and law firms, including compliance tools, training courses, and publications. They also provide a platform for the public to find and verify regulated solicitors and law firms through their online register.
Key people at the SRA include its CEO, Paul Philip, and its Board of Directors, who are responsible for setting the strategic direction of the organization. The SRA also has a team of experts in various areas of law and regulation who work to ensure the integrity of the legal profession.
Contact information for the SRA can be found on their website at www.sra.org.uk. Their registered office address is The Cube, 199 Wharfside Street, Birmingham, B1 1RN. Overall, the SRA plays a crucial role in maintaining high standards within the legal profession and promoting sustainability and ethical practices.
