Industry ranking
| 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 Nov 2024 - 30 Apr 2025 | 26 Aug 2025 | 29 | 67% | 22% | 11% | 5% |
| 01 May 2024 - 31 Oct 2024 | 09 Dec 2024 | 25 | 80% | 7% | 13% | 1% |
| 01 Nov 2023 - 30 Apr 2024 | 02 Jul 2024 | 27 | 73% | 14% | 12% | 9% |
| 01 May 2023 - 31 Oct 2023 | 08 Nov 2023 | 25 | 80% | 8% | 12% | 3% |
| 01 Nov 2022 - 30 Apr 2023 | 22 May 2023 | 36 | 70% | 9% | 21% | 1% |
| 01 May 2022 - 31 Oct 2022 | 08 Nov 2022 | 28 | 95% | 4% | 1% | 1% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 28 | 93% | 4% | 3% | 2% |
| 01 May 2021 - 31 Oct 2021 | 30 May 2022 | 24 | 91% | 4% | 5% | 0% |
| 01 Nov 2020 - 30 Apr 2021 | 01 Oct 2021 | 35 | 63% | 23% | 14% | 4% |
| 01 May 2020 - 30 Oct 2020 | 01 Oct 2021 | 32 | 60% | 28% | 12% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days net unless seperately agreed, on Contingent cases then payment terms are paid when the firm is paid Notification of changes to terms are agreed between matter lawyer and the relevant supplier at the point of contact. Where deemed applicable the instructing member,departmental head will liase with the relevant supplier to first understand disputed items/services and agree any such relevant resolution to the items under dispute with the supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
365
Our standard payment terms are 30 days net unless seperately agreed, on Contingent cases then payment terms are paid when the firm is paid Notification of changes to terms are agreed between matter lawyer and the relevant supplier at the point of contact. Where deemed applicable the instructing member,departmental head will liase with the relevant supplier to first understand disputed items/services and agree any such relevant resolution to the items under dispute with the supplier.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Michelmores LLP is a law firm registered in England and Wales as a limited liability partnership, regulated by the Solicitors Regulation Authority. Headquartered at Woodwater House, Pynes Hill, Exeter, it also operates offices in Bristol, Cambridge, Cheltenham and London. The firm advises both businesses and individuals, covering areas such as commercial transactions, regulatory matters, employment law, private wealth and real estate. It describes itself as working across sectors including private wealth, real estate, agriculture and technology, offering strategic and commercial advice to organisations and tailored guidance to individuals on personal and professional legal matters, including wealth preservation and planning for the future.
Generated from the company's website and Companies House records. Sources: michelmores.com · michelmores.com · michelmores.com