WOMBLE BOND DICKINSON (UK) LLP
Company Information
- Company Number
- OC317661
- Registered Address
- 4 More London Riverside, London, United Kingdom, SE1 2AU
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 6 February 2006
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The exceptionally low average payment time of 6 days indicates a strong capability for rapid processing for a significant portion of invoices. However, the 47% late payment rate reveals substantial inconsistency, suggesting a dual trend where many payments are very fast while nearly half experience delays. This indicates that while the company can pay swiftly, a considerable number of payments deviate from timely settlement.
Volatility Analysis
The high 47% late payment rate, coupled with 17% of payments extending beyond 30 days (including 7% over 60 days), points to significant payment volatility and unpredictability. Suppliers cannot reliably predict whether their invoices will be settled exceptionally quickly or fall into the substantial late category. This creates a moderate-to-high risk environment for cash flow planning, despite the impressive average payment time.
Summary Analysis
Suppliers should approach WOMBLE BOND DICKINSON (UK) LLP with informed caution, understanding the high likelihood of payment delays for a significant portion of invoices. Key decision factors include the supplier's capacity to manage inconsistent cash flow and potential long tail payments for a material percentage of invoices. Mitigate risk by negotiating clear payment terms, implementing robust invoice tracking, and maintaining adequate working capital to absorb potential delays.
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 | 23 Oct 2025 | 6 | 83% | 10% | 7% | 47% |
| 01 Oct 2024 - 31 Mar 2025 | 14 Apr 2025 | 6 | 82% | 11% | 7% | 45% |
| 01 Apr 2024 - 30 Sept 2024 | 18 Oct 2024 | 6 | 80% | 11% | 9% | 46% |
| 01 Nov 2023 - 31 Mar 2024 | 16 Apr 2024 | 6 | 82% | 10% | 8% | 45% |
| 01 May 2023 - 31 Oct 2023 | 13 Nov 2023 | 8 | 78% | 11% | 11% | 49% |
| 01 Nov 2022 - 30 Apr 2023 | 05 May 2023 | 9 | 79% | 10% | 11% | 41% |
| 01 May 2022 - 31 Oct 2022 | 15 Nov 2022 | 9 | 77% | 11% | 12% | 34% |
| 01 Nov 2021 - 30 Apr 2022 | 16 May 2022 | 11 | 75% | 11% | 14% | 38% |
| 01 May 2021 - 31 Oct 2021 | 10 Nov 2021 | 11 | 73% | 11% | 16% | 40% |
| 01 Nov 2020 - 30 Apr 2021 | 26 May 2021 | 8 | 70% | 18% | 12% | 41% |
| 01 May 2020 - 31 Oct 2020 | 26 Nov 2020 | 16 | 65% | 20% | 15% | 38% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 26 | 76% | 16% | 8% | 21% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 18 | 78% | 15% | 7% | 12% |
| 01 Nov 2018 - 30 Apr 2019 | 24 May 2019 | 21 | 77% | 16% | 7% | 12% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 19 | 79% | 14% | 7% | 12% |
| 01 Nov 2017 - 30 Apr 2018 | 24 May 2018 | 19 | 78% | 16% | 6% | 14% |
| 01 May 2017 - 31 Oct 2017 | 08 Dec 2017 | 22 | 81% | 12% | 7% | 19% |
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
Invoices received by Accounts Payable in respect of Womble Bond Dickinson (UK) LLP's own expenses (and those of its subsidiary Womble Bond Dickinson Wealth Limited) are paid during either the first working week of the month or the third working week of the month, whichever is closest to 30 days from receipt of the invoice. Where the required payment relates to a disbursement (including Experts and Counsel Fees) incurred on behalf of a client, payment will be made on the first working day following receipt of funds from our client unless other arrangements have been agreed
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
90
Dispute Resolution Process
Any potential queries should be addressed initially to our representative who originally requested the goods or services be provided. In addition our Accounts Payable Team can be contacted and will be happy to assist (email accountspayable@wbd-uk.com or call +44 (0)191 279 9156). If issues remain unresolved please contact our Head of Operational Finance.
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.
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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
WOMBLE BOND DICKINSON (UK) LLP is an active limited liability partnership
Based on its name and company type, it operates as a law firm providing legal services
The company was incorporated on 6 February 2006, with company number OC317661
Its registered office is located in London at 4 More London Riverside, London, United Kingdom, SE1 2AU
As a limited liability partnership operating as a law firm in the UK, it typically offers a wide array of legal services
These services commonly include providing legal advice, representation, and managing legal matters for businesses and individuals across various practice areas
