TAYLOR WESSING LIMITED LIABILITY PARTNERSHIP
Company Information
- Company Number
- OC322935
- Registered Address
- 5 New Street Square, London, EC4A 3TW
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 5 October 2006
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
TAYLOR WESSING LIMITED LIABILITY PARTNERSHIP exhibits a clear trend towards extended payment cycles, with an average payment time of 63 days. Only 43% of invoices are settled within 30 days, while a substantial 36% exceed 60 days. This trajectory indicates that suppliers should consistently anticipate payments significantly later than standard net-30 terms.
Volatility Analysis
The distribution of payments, with 36% over 60 days and 15% classified as late, points to notable payment unpredictability and inconsistency. While some payments are prompt, the broad spread suggests that a significant portion of invoices are not reliably paid within standard terms, creating cash flow variability. This indicates a moderate risk in predicting when specific invoices will be settled, impacting reliability for suppliers.
Summary Analysis
Suppliers should assess TAYLOR WESSING LIMITED LIABILITY PARTNERSHIP with caution, primarily due to the 63-day average payment time and 15% late payment rate, which could strain working capital. Key decision factors include the supplier's ability to absorb prolonged payment cycles and the potential administrative burden of managing overdue accounts. Mitigation strategies could include negotiating shorter payment terms, implementing upfront deposits for larger projects, or utilizing credit insurance to manage the elevated payment risk.
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 May 2025 - 31 Oct 2025 | 18 Nov 2025 | 63 | 43% | 21% | 36% | 15% |
| 01 Nov 2024 - 30 Apr 2025 | 09 May 2025 | 61 | 44% | 21% | 35% | 15% |
| 01 May 2024 - 31 Oct 2024 | 11 Nov 2024 | 63 | 42% | 21% | 37% | 14% |
| 01 Nov 2023 - 30 Apr 2024 | 22 May 2024 | 72 | 38% | 21% | 41% | 15% |
| 01 May 2023 - 31 Oct 2023 | 20 Nov 2023 | 73 | 36% | 20% | 44% | 16% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 71 | 36% | 23% | 41% | 18% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 69 | 39% | 23% | 38% | 17% |
| 01 Nov 2021 - 30 Apr 2022 | 24 May 2022 | 72 | 37% | 26% | 37% | 17% |
| 01 May 2021 - 31 Oct 2021 | 22 Nov 2021 | 74 | 29% | 27% | 44% | 16% |
| 01 Nov 2020 - 30 Apr 2021 | 21 May 2021 | 81 | 28% | 26% | 46% | 18% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 90 | 22% | 25% | 53% | 15% |
| 01 Nov 2019 - 30 Apr 2020 | 27 May 2020 | 70 | 42% | 21% | 37% | 17% |
| 01 May 2019 - 31 Oct 2019 | 13 Nov 2019 | 70 | 41% | 23% | 36% | 20% |
| 01 Nov 2018 - 30 Apr 2019 | 15 May 2019 | 76 | 45% | 19% | 36% | 15% |
| 01 May 2018 - 31 Oct 2018 | 16 Nov 2018 | 57 | 51% | 19% | 30% | 16% |
| 01 Nov 2017 - 30 Apr 2018 | 21 May 2018 | 58 | 50% | 20% | 30% | 15% |
| 01 May 2017 - 31 Oct 2017 | 23 Nov 2017 | 56 | 52% | 20% | 28% | 15% |
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
Suppliers of goods and services to the Firm are offered 30 day payment terms and their invoices included in a fortnightly payment run as they fall due.
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
Dispute Resolution Process
Any complaints should be submitted to the Taylor Wessing member of staff managing the contract, who may involve their director or team leader as necessary. If there is any further dispute, this would be escalated and referred to the Senior In-House Counsel
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.
❌
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
TAYLOR WESSING LIMITED LIABILITY PARTNERSHIP operates as a professional services firm
As a Limited Liability Partnership with its distinctive name, it functions primarily within the legal sector
This active organisation was incorporated on 5 October 2006, registered under company number OC322935
Its registered office is located at 5 New Street Square, London, EC4A 3TW
Limited Liability Partnerships of this nature typically specialise in providing a comprehensive range of legal services within the UK market
These often include expert advice on corporate and commercial law, dispute resolution, intellectual property, real estate, and employment matters
