Registration Number
OC324170
Registered Address
95 Gresham Street 1st Floor London England EC2V 7NA
Company Status
Active
Employee Count
557
Turnover
£230,574,000
EBITDA
£13,613,000
Website
fragomen.comCompany Type
Limited liability partnership
Incorporated on
23 November 2006
Nature of Business (SIC)
Unknown
Industries
0
Region
London£6,011,195
£54,689,510
Filed
02 Feb 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
6 days
Payment Periods
Shortest
30 days
Longest
90 days
Max Contractual
90 days
Not Paid Within Terms
33%
| 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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 6 | 87% | 9% | 4% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 6 | 93% | 4% | 3% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 4 | 95% | 3% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 4 | 68% | 20% | 12% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Feb 2022 | 3 | 46% | 50% | 4% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 3 | 48% | 47% | 4% | 52% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 4 | 61% | 33% | 6% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 4 | 56% | 36% | 8% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 3 | 66% | 27% | 7% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 4 | 52% | 37% | 11% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 37 | 47% | 41% | 12% | 59% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 57% | 37% | 6% | 51% |
FRAGOMEN LLP is a global immigration law firm that specializes in assisting individuals and companies with their immigration needs
Founded in 1951, the firm has more than 60 offices worldwide and has established itself as a leader in the field of immigration law
The firm offers a wide range of services to its clients, including visa and work permit applications, citizenship and naturalization assistance, and compliance and risk management
FRAGOMEN LLP also provides strategic guidance to companies on global immigration policies and procedures
One of the key initiatives of FRAGOMEN LLP is its sustainability program
The firm is committed to reducing its environmental impact and promoting sustainable practices throughout its operations
This includes implementing energy-efficient measures, reducing waste, and promoting sustainable transportation options for its employees
FRAGOMEN LLP has a team of experienced and knowledgeable professionals, including lawyers, consultants, and paralegals, who work together to provide high-quality services to their clients
The firm is led by its Chairman, Austin T
Fragomen Jr., who has over 35 years of experience in immigration law
For those seeking assistance with their immigration needs, FRAGOMEN LLP can be contacted through their website, which provides detailed information on their services and locations
The firm's registered office is located in London, UK, but they have offices in cities around the world, including New York, Paris, and Tokyo
In summary, FRAGOMEN LLP is a global immigration law firm with a strong commitment to sustainability
With their experienced team and wide range of services, they continue to be a trusted partner for individuals and companies navigating the complex world of immigration
The data shows a decreasing trend in the average time taken for FRAGOMEN LLP to pay invoices to suppliers. From an average of 30 days in the first period (Jan 2018 - June 2018), the average time has decreased to 6 days in the most recent period (July 2023 - Dec 2023). This indicates an improvement in the company's payment processing efficiency.
The data shows some fluctuations in the percentage of invoices paid within 30 days, with a high of 66% in the period of July 2019 - Dec 2019 and a low of 46% in the most recent period of July 2021 - Dec 2021. However, overall there is a general upward trend in this percentage, indicating an improvement in the company's timely payment to suppliers.
The data for FRAGOMEN LLP shows a consistent trend of improvement in timely payment to suppliers. In the most recent period (July 2023 - Dec 2023), the company has an average time of 6 days to pay invoices, with 93% of invoices paid within 30 days. This is a significant improvement from the first period (Jan 2018 - June 2018) where the average time was 30 days and only 57% of invoices were paid within 30 days. The company has also consistently maintained a standard payment period of 30 days throughout all periods.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms is 30 days but the nature of our business specialist suppliers are paid on shorter payment periods
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
We have good relationships with our suppliers and do not generally have significant disputes relating to payments due to the length of time we have been in business with them. Where any issue does arise we have a dedicated Accounts Payable team that serves as the first point of contact and resolves the problem.
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?
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