Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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.
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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
Barnett Waddingham LLP is a UK professional services consultancy specialising in risk, pensions, investment and insurance advice. It employs over 1,700 people across eleven UK offices, serving private and public sector clients including a significant proportion of FTSE 100 and FTSE 350 companies. Its services span pensions administration and consulting, actuarial and investment advice, risk management technology, and insurance sector support, including bulk annuity provider services. The firm also operates an international joint venture for coordinated global pension advice. The evidence notes that from early September the business is becoming Howden, bringing together broader capability and a wider network of expertise.
Generated from the company's website and Companies House records. Sources: barnett-waddingham.co.uk · barnett-waddingham.co.uk