CLYDE CO LLP
Company Details
Registration Number
OC326539
Registered Address
Unknown
Company Status
Unknown
Employee Count
4651
Turnover
£783,117,000
EBITDA
£163,139,000
Additional Information
Website
www.clydeco.com/enCompany Type
Unknown
Incorporated on
Unknown
Nature of Business (SIC)
Unknown
Industries
Legal services
Region
LondonCompany Location
Financial Overview
£43,453,000
£231,272,000
Last Reporting Period
Filed
15 Dec 2022
Period
01 May 2022 - 31 Oct 2022
Payment Timing
Average Time to Pay
38 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
38%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2022 - 31 Oct 2022 | 15 Dec 2022 | 38 | 58% | 28% | 14% | 38% |
| 01 Nov 2021 - 30 Apr 2022 | 24 May 2022 | 36 | 74% | 17% | 9% | 26% |
| 01 May 2021 - 31 Oct 2021 | 17 Dec 2021 | 38 | 73% | 16% | 11% | 25% |
| 01 Nov 2020 - 30 Apr 2021 | 03 Jun 2021 | 41 | 64% | 28% | 8% | 31% |
| 01 May 2020 - 31 Oct 2020 | 26 Nov 2020 | 44 | 54% | 27% | 19% | 46% |
| 01 Nov 2019 - 30 Apr 2020 | 31 May 2020 | 35 | 62% | 22% | 16% | 38% |
| 01 May 2019 - 31 Oct 2019 | 22 Nov 2019 | 27 | 72% | 19% | 9% | 28% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 42 | 75% | 14% | 11% | 25% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 32 | 66% | 23% | 11% | 34% |
| 01 Nov 2017 - 30 Apr 2018 | 23 May 2018 | 38 | 62% | 22% | 17% | 38% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 41 | 55% | 26% | 19% | 45% |
Company Summary
CLYDE & CO LLP is a leading global law firm that specializes in insurance, aviation, energy, infrastructure, and trade and commodities sectors
The company was founded in 1933 and has since expanded to have a presence in over 50 cities worldwide
The firm is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices
This includes using renewable energy sources, reducing paper consumption, and promoting virtual meetings to minimize travel
CLYDE & CO LLP offers a wide range of legal services, including dispute resolution, insurance and reinsurance, corporate and commercial law, and regulatory and compliance advice
They also provide specialized services such as cyber risk management and crisis response
The key people at CLYDE & CO LLP include Peter Hirst, the firm's Senior Partner, and Simon Konsta, the firm's Global Senior Partner
They lead a team of over 2,500 legal professionals who are committed to providing high-quality and innovative solutions to their clients
For more information on their services, sustainability program, and key people, you can visit their website at www.clydeco.com
Their registered office address is 10 Aldersgate Street, London, EC1A 4HJ, United Kingdom
CLYDE & CO LLP is dedicated to providing exceptional legal services while also prioritizing sustainability and promoting environmental responsibility
Company Review
Trend Analysis
The average time taken for CLYDE & CO LLP to pay invoices has fluctuated over the past three periods, with a decrease of 8% from 2017-2018, an increase of 10% from 2018-2019, and a decrease of 3% from 2019-2020. However, there has been an overall increase of 1% from 2017-2020.
Volatility Analysis
The volatility of CLYDE & CO LLP's invoice payment time has been relatively stable, with a difference of 5% or less between the highest and lowest percentages in each category.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days. Once authorised by the relevant department head, trade invoices are paid when due through weekly payment runs. In line with standard procedures for law firms, payment to suppliers of client matter disbursement costs including counsels fees are made by the firm within 2 working days of the receipt of payment from clients for those costs, unless agreed otherwise with the supplier.
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
Dispute Resolution Process
The firm's Accounts Payable department should be the first point of contact if a supplier has a dispute relating to payment. Complaints or concerns will be dealt with by the relevant department head, with the involvement of the Finance Director where necessary.
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?
❌
