Score of 86.9/100 qualifies for PaymentCheck Certification
| 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 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 20 | 82% | 15% | 3% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 64% | 26% | 10% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Mar 2019 | 33 | 65% | 26% | 9% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Mar 2019 | 29 | 78% | 13% | 9% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for 'goods not for resale' - PWP's standard payment terms are "payment within 30 days", unless alternative terms have been agreed between PWP and the supplier. There are two notable exceptions to this: (i) for external law firms, we do not specify a contractual payment period, but generally commit to paying law firm invoices within 60 days from the date of receipt of a valid invoice; (ii) for certain external human resources (“HR”) consultants and/or recruiters, we may require additional time for our HR staff to analyze and confirm the amounts owed due to the confidential nature of these services.
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
Disputes between PWP and a Supplier are handled by the PWP Accounts Payable team and the department responsible for managing the Supplier relationship. Any disputes will be resolved as soon as practically possible.
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
Perella Weinberg Partners UK LLP is a leading independent financial advisory and asset management firm based in London. The company offers a wide range of services including M&A advisory, restructuring, capital raising, and asset management to clients across various industries.
As a responsible corporate citizen, Perella Weinberg Partners UK LLP has a strong commitment to sustainability and environmental responsibility. The company has implemented various initiatives to reduce its carbon footprint and promote sustainable practices within its operations. These include energy-efficient office spaces, waste reduction programs, and promoting the use of renewable energy sources.
The company's core products and services include financial advisory, asset management, and alternative investments. It caters to a diverse client base, including corporations, governments, and high net worth individuals. Perella Weinberg Partners UK LLP has a track record of delivering successful outcomes for its clients through its expertise and in-depth market knowledge.
The firm is led by a team of experienced and highly qualified professionals, including founders Joseph R. Perella and Peter A. Weinberg. They are supported by a team of over 500 employees globally, with offices in major financial centers around the world.
For more information on Perella Weinberg Partners UK LLP and its services, interested parties can visit their website at www.pwpartners.com/uk. The company's registered office is located at 1 Knightsbridge Green, London SW1X 7NE, United Kingdom.
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