MICHELMORES LLP

Company Information

Company Number
OC326242
Registered Address
Woodwater House, Pynes Hill, Exeter, Devon, United Kingdom, EX2 5WR
Status
Active
Employee Count
449
Turnover
£43,194,000
EBITDA
£10,162,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
22 February 2007
Industries
Professional Services
Region
South West

Time to Pay

Average Time to Pay
29 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:365 days

Payment Timeline

Within 30 Days
67%
31-60 Days
22%
After 60 Days
11%
Not Paid Within Terms5%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2025-08-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2024 - 30 Apr 202526 Aug 20252967%22%11%5%
01 May 2024 - 31 Oct 202409 Dec 20242580%7%13%1%
01 Nov 2023 - 30 Apr 202402 Jul 20242773%14%12%9%
01 May 2023 - 31 Oct 202308 Nov 20232580%8%12%3%
01 Nov 2022 - 30 Apr 202322 May 20233670%9%21%1%
01 May 2022 - 31 Oct 202208 Nov 20222895%4%1%1%
01 Nov 2021 - 30 Apr 202230 May 20222893%4%3%2%
01 May 2021 - 31 Oct 202130 May 20222491%4%5%0%
01 Nov 2020 - 30 Apr 202101 Oct 20213563%23%14%4%
01 May 2020 - 30 Oct 202001 Oct 20213260%28%12%1%

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

Our standard payment terms are 30 days net unless separately 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 liaise 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

No additional information

Maximum contractual payment period agreed

365

Dispute Resolution Process

Our standard payment terms are 30 days net unless separately 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 liaise with the relevant supplier to first understand disputed items/services and agree any such relevant resolution to the items under dispute with the supplier.

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

MICHELMORES LLP is a leading law firm based in the United Kingdom, with a strong focus on sustainability and corporate social responsibility

The firm offers a wide range of legal services to individuals, businesses, and organizations.\n\nTheir sustainability program includes initiatives such as reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities

They have also implemented environmentally friendly practices in their offices, such as using renewable energy sources and reducing waste.\n\nIn terms of products and services, MICHELMORES LLP offers comprehensive legal advice and support in various areas including corporate law, employment law, real estate, and dispute resolution

They also have a dedicated team for private client services, providing legal guidance on personal matters such as wills, trusts, and tax planning.\n\nThe key people at MICHELMORES LLP include their managing partner, Tim Richards, who has been with the firm for over 30 years and is highly regarded in the legal industry

The firm also has a team of experienced and knowledgeable lawyers who are committed to delivering high-quality services to their clients.\n\nThe firm's website address is www.michelmores.com, where individuals and businesses can find more information about the services they offer, as well as access resources such as legal articles and updates

Their registered office address is Woodwater House, Pynes Hill, Exeter, EX2 5WR.\n\nIn summary, MICHELMORES LLP is a reputable law firm that not only provides excellent legal services but also prioritizes sustainability and social responsibility

With a strong team of professionals and a commitment to making a positive impact, they continue to be a trusted and respected firm in the UK legal market

Financial Metrics

Cash
£3,522,000
Net Worth
£16,193,000
Total Current Assets
£22,231,000
Total Current Liabilities
£5,522,000

Company Location