STEWARTS LAW LLP
Company Information
- Company Number
- OC329883
- Registered Address
- 5 New Street Square, London, EC4A 3BF
- Status
- Active
- Employee Count
- 351
- Turnover
- £111,614,000
- EBITDA
- £62,355,000
Additional Details
- Website
- http://lexiswebinars.co.uk/
- Company Type
- Limited liability partnership
- Incorporated On
- 17 July 2007
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time of 81 days indicates a significantly slow payment trend, substantially exceeding standard 30-day terms. While 54% of payments are made within 30 days, a considerable 21% extend beyond 60 days, showing a consistent pattern of prolonged payment cycles for a segment of invoices. This suggests a trajectory where suppliers can expect a substantial portion of payments to be slow.
Volatility Analysis
Payment reliability is inconsistent, with 38% of payments classified as late and a wide distribution of payment speeds. The significant variance between 54% paid within 30 days and 21% extending beyond 60 days introduces unpredictability for cash flow planning. This variability represents a moderate risk to working capital due to the lack of consistent payment timing.
Summary Analysis
Suppliers should factor in an expectation of extended payment cycles and a 38% likelihood of late payments. Negotiating payment terms of at least 90 days or implementing early payment discounts for faster settlement is recommended to mitigate cash flow risk. Proactive invoice monitoring and robust follow-up procedures will be essential for managing this customer relationship effectively.
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 Nov 2024 - 30 Apr 2025 | 16 May 2025 | 81 | 54% | 25% | 21% | 38% |
| 01 May 2024 - 31 Oct 2024 | 12 Nov 2024 | 66 | 54% | 19% | 27% | 40% |
| 01 Nov 2023 - 30 Apr 2024 | 14 May 2024 | 71 | 65% | 11% | 24% | 30% |
| 01 May 2023 - 31 Oct 2023 | 09 Nov 2023 | 87 | 65% | 10% | 25% | 26% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 77 | 63% | 12% | 25% | 30% |
| 01 May 2022 - 31 Oct 2022 | 17 Nov 2022 | 778 | 62% | 12% | 26% | 28% |
| 01 Nov 2021 - 30 Apr 2022 | 25 May 2022 | 89 | 57% | 12% | 31% | 32% |
| 01 May 2021 - 31 Oct 2021 | 05 Nov 2021 | 75 | 62% | 12% | 26% | 29% |
| 01 Nov 2020 - 30 Apr 2021 | 20 May 2021 | 79 | 62% | 11% | 27% | 31% |
| 01 May 2020 - 31 Oct 2020 | 09 Nov 2020 | 79 | 61% | 11% | 28% | 31% |
| 01 Nov 2019 - 30 Apr 2020 | 28 May 2020 | 75 | 61% | 12% | 27% | 30% |
| 01 May 2019 - 31 Oct 2019 | 22 Nov 2019 | 71 | 64% | 10% | 26% | 29% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 77 | 62% | 11% | 27% | 29% |
| 01 May 2018 - 31 Oct 2018 | 09 Nov 2018 | 64 | 67% | 9% | 23% | 27% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 70 | 65% | 11% | 24% | 29% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 70 | 64% | 13% | 23% | 28% |
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
The business does not use standard payment terms and the most frequently used payment terms vary according to the nature of the service supplied. Overhead suppliers are paid in line with their own terms and conditions, and generally at the end of the month in which their invoice is received. Where disbursements (litigation case specific expenses) are commissioned during the course of litigation, a variety of terms may be agreed according to the demands of the case. In some cases, payments are made on an immediate or monthly basis, but in some long life cases, where the costs of litigation are funded by the Firm, payments may not be made until a milestone in the case has been reached, or until the case has been completed. For the suppliers of some case related services, deferred payment terms may be agreed.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The business does not have standard payment terms. However, payments for overheads tend to be made within 30 days, and suppliers of disbursements may be paid within 30 days or longer if deferred terms have been agreed.
Maximum contractual payment period agreed
395
Dispute Resolution Process
The Firm’s process for resolving a dispute with a supplier in relation to payment is to correct any failure to pay caused by error or oversight. Where non-payment is caused by disagreement as to the quality of goods or services provided, the Firm will seek to agree a compromise with the supplier. For overhead suppliers, complaints or concerns will be considered by the Chief Operating Officer, Philip Studd. For the suppliers of disbursements, first contact should be made with the Solicitor responsible for appointing that supplier, with the option of escalation to Philip Studd if necessary. Philip Studd can be contacted by writing to him at Stewarts Law LLP, 5 New Street Square, London EC4A 3BF, or by email (pstudd@stewartslaw.com).
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.
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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?
No information available
Company Summary
STEWARTS LAW LLP is an active legal firm, operating as a limited liability partnership. The company specialises in providing legal services, which is consistent with its name and organisational structure.
Incorporated on 17 July 2007, STEWARTS LAW LLP holds company number OC329883 and maintains active status. Its registered office is located in London at 5 New Street Square, EC4A 3BF.
As a legal firm in the UK, STEWARTS LAW LLP typically provides a range of professional legal services. These often include offering expert legal advice, representation in various courts and tribunals, and engaging in litigation and dispute resolution for both corporate and private clients.
