LEWIS SILKIN LLP
Company Information
- Company Number
- OC317120
- Registered Address
- Arbor, 255 Blackfriars Road, London, England, SE1 9AX
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 10 January 2006
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LEWIS SILKIN LLP demonstrates a strong trend of prompt payments with an average payment time of 27 days, indicating a commitment to timely financial obligations. A significant 98% of payments are made within 30 days, showing consistent adherence to quick settlement cycles. The complete absence of payments exceeding 60 days further reinforces a trajectory of highly efficient payment processing.
Volatility Analysis
While 98% of payments are completed within 30 days, the 32% late payment rate indicates a notable unpredictability in adhering to specific invoice due dates. This suggests that despite quick overall payment cycles, a portion of invoices may still be processed past their initial due date. Suppliers must consider this discrepancy between overall speed and specific due date adherence, which could impact short-term cash flow predictability.
Summary Analysis
Overall, LEWIS SILKIN LLP appears to be a reliable payer based on its strong average payment time and high percentage of payments within 30 days. Key decision factors include the impressive payment speed, though suppliers should factor in the 32% late payment rate, potentially impacting adherence to precise invoice due dates. To mitigate risk, suppliers should clearly define payment terms and consider proactive communication regarding invoice submission and payment expectations to align with their own cash flow needs.
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 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 27 | 98% | 2% | 0% | 32% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 28 | 96% | 3% | 1% | 40% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 28 | 97% | 3% | 0% | 19% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 29 | 97% | 3% | 0% | 17% |
| 01 Apr 2023 - 30 Sept 2023 | 25 Oct 2023 | 28 | 99% | 1% | 0% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 26 | 96% | 3% | 1% | 28% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 28 | 96% | 4% | 0% | 27% |
| 01 Oct 2021 - 31 Mar 2022 | 23 May 2022 | 29 | 94% | 6% | 0% | 26% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 23 | 95% | 5% | 0% | 19% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 26 | 98% | 2% | 0% | 18% |
| 01 Apr 2020 - 30 Sept 2020 | 25 Oct 2020 | 27 | 96% | 4% | 0% | 17% |
| 01 Oct 2019 - 31 Mar 2020 | 25 Oct 2020 | 34 | 95% | 4% | 1% | 18% |
| 01 Apr 2019 - 30 Sept 2019 | 22 Oct 2019 | 28 | 95% | 5% | 0% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 32 | 93% | 7% | 0% | 22% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 29 | 95% | 5% | 0% | 17% |
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
The standard payment terms are set by the supplier. A payment run is processed weekly with all invoices paid that are due and approved on the payment date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The figures above exclude payments made on behalf of our clients to counsel in respect of advice provided for the client's benefit. Those payments are generally only made after funds have been received from each client and are subject to a separate agreement with counsel. Payments made by cheque and debit/credit card are also excluded from the figures above.
Maximum contractual payment period agreed
45
Dispute Resolution Process
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first contact would be the contract owner in the business (whose details would be included in any engagement documentation or contract). In the absence of that, suppliers may contact our Accounts Payable department directly through the main switchboard.
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.
❌
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
Company Summary
LEWIS SILKIN LLP is an active Limited Liability Partnership operating as a professional services organisation
The firm is based in London
It was incorporated on 10 January 2006 and is officially registered in England under company number OC317120
Its registered office is located at Arbor, 255 Blackfriars Road, London, England, SE1 9AX
As a Limited Liability Partnership, this type of organisation typically provides specialised professional services, offering expertise and advice to clients across various sectors within the UK market
