| 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 Dec 2023 - 31 May 2024 | 24 Sept 2024 | 30 | 76% | 19% | 5% | 24% |
| 01 Jun 2023 - 30 Nov 2023 | 01 Mar 2024 | 30 | 77% | 18% | 5% | 23% |
| 01 Dec 2022 - 31 May 2023 | 01 Mar 2024 | 29 | 97% | 1% | 3% | 0% |
| 01 Jun 2022 - 30 Nov 2022 | 23 Mar 2023 | 25 | 58% | 9% | 33% | 42% |
| 01 Dec 2021 - 31 May 2022 | 23 Mar 2023 | 79 | 66% | 2% | 31% | 33% |
| 01 Jun 2021 - 30 Nov 2021 | 23 Mar 2023 | 54 | 37% | 3% | 60% | 63% |
| 01 Nov 2020 - 31 May 2021 | 23 Mar 2023 | 15 | 86% | 14% | 0% | 14% |
| 01 Jun 2020 - 30 Nov 2020 | 17 Dec 2020 | 21 | 77% | 22% | 1% | 23% |
| 01 Dec 2019 - 31 May 2020 | 03 Jul 2020 | 19 | 94% | 5% | 1% | 6% |
| 01 Jun 2019 - 30 Nov 2019 | 15 Jan 2020 | 20 | 72% | 27% | 1% | 28% |
| 01 Dec 2018 - 31 May 2019 | 27 Jun 2019 | 16 | 92% | 8% | 0% | 8% |
| 01 Jun 2018 - 30 Nov 2018 | 08 Jan 2019 | 24 | 82% | 9% | 9% | 18% |
| 01 Dec 2017 - 31 May 2018 | 08 Jan 2019 | 15 | 91% | 9% | 0% | 9% |
| 01 Jun 2017 - 30 Nov 2017 | 04 May 2018 | 16 | 88% | 12% | 0% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt date
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
The Supplier contacts Barnett Waddingham in writing by either email or a letter explaining why they are due late payment penalty. Accounts Payable will investigate the case and make payment for the interest due to late payment of invoice as per contractual terms. Most dispute queries are settled in a timely manner before escalation and on rare occasions is a late penalty fee levied.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BARNETT WADDINGHAM LLP is a leading UK-based professional services firm that specializes in providing a wide range of services to businesses, individuals, and pension schemes. The company has been in operation for over 30 years and has established a strong reputation for its high-quality services and commitment to sustainability.
The company offers a variety of services including actuarial consulting, pension scheme administration, risk management, investment advice, and employee benefit consulting. They work with clients from various industries, including corporate, public sector, and not-for-profit organizations.
BARNETT WADDINGHAM LLP has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. The company has achieved carbon neutrality by offsetting its carbon emissions through investments in renewable energy projects. They also have a recycling program in place and encourage their employees to use public transport or cycle to work.
The company's key people include Andrew Vaughan, the Senior Partner, and Nick Griggs, the Managing Partner. They lead a team of experienced professionals who are dedicated to providing exceptional service to their clients.
For more information about BARNETT WADDINGHAM LLP and its services, you can visit their website at www.barnett-waddingham.co.uk. Their registered office address is Barnett Waddingham LLP, Cheapside House, 138 Cheapside, London, EC2V 6BW, United Kingdom.
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