PINSENT MASONS LLP exhibits an average payment time of 41 days, with less than half of invoices (47%) being settled within 30 days. A substantial 39% are paid between 31-60 days, indicating a consistent pattern of payments extending beyond standard net-30 terms.
The 53% late payment rate, coupled with 14% of payments exceeding 60 days, points to a moderate level of payment unreliability. Suppliers should anticipate payments frequently extending beyond 30 days, posing a cash flow risk due to this inconsistency.
Given the average 41-day payment time and 53% late rate, suppliers should factor in extended payment cycles and potential cash flow delays. It is advisable to negotiate clear payment terms, potentially incorporating late payment clauses or adjusting pricing to mitigate the identified payment risk.
| 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 2025 - 30 Apr 2026 | 27 May 2026 | 46 | 36% | 52% | 12% | 23% |
| 01 May 2025 - 31 Oct 2025 | 27 Nov 2025 | 46 | 34% | 48% | 18% | 66% |
| 01 Nov 2024 - 30 Apr 2025 | 30 May 2025 | 41 | 47% | 39% | 14% | 53% |
| 01 May 2024 - 31 Oct 2024 | 18 Nov 2024 | 27 | 71% | 22% | 7% | 29% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 27 | 72% | 21% | 7% | 28% |
| 01 May 2023 - 31 Oct 2023 | 16 Nov 2023 | 27 | 74% | 19% | 7% | 26% |
| 01 Nov 2022 - 30 Apr 2023 | 17 May 2023 | 25 | 69% | 22% | 9% | 31% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 24 | 70% | 19% | 11% | 30% |
| 01 Nov 2021 - 30 Apr 2022 | 25 May 2022 | 31 | 58% | 29% | 13% | 42% |
| 01 May 2021 - 31 Oct 2021 | 29 Nov 2021 | 33 | 51% | 34% | 15% | 49% |
| 01 Nov 2020 - 30 Apr 2021 | 21 May 2021 | 39 | 40% | 42% | 18% | 60% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 45 | 31% | 45% | 24% | 69% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 23 | 68% | 23% | 9% | 32% |
| 01 May 2019 - 31 Oct 2019 | 15 Nov 2019 | 27 | 74% | 25% | 1% | 26% |
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 28 | 71% | 29% | 0% | 29% |
| 01 May 2018 - 31 Oct 2018 | 20 Nov 2018 | 26 | 74% | 26% | 0% | 26% |
| 01 Nov 2017 - 30 Apr 2018 | 24 May 2018 | 26 | 75% | 25% | 0% | 25% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 26 | 76% | 24% | 0% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In the absence of any dispute notified to the supplier and unless otherwise specified in the contract, the Customer shall pay each invoice within ten Business Days of the second month following the month of receipt by the Customer.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For the purposes of this report, we have assumed 45-day payment terms (which are generally shorter than those agreed) as the basis for reporting the percentage of invoices not paid within the agreed period. This assumption is based on improved supplier terms and payment data which has enabled us to report more accurately.
Maximum contractual payment period agreed
76
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first contact would be the contract owner in the business (whose details would be included in any engagement documentation or contract). In the absence of that, suppliers may contact our Accounts Payable department directly through the main switchboard. The aim of any conversation is always to resolve any issue in a timely and collaborative manner, in order to maintain a good working relationship. If those involved are unable to find a solution, then the issue would be escalated within the business operations group to managerial level and above. Our more substantial contracts often contain a dispute resolution process agreed with the supplier that describes various levels of escalation through to senior management, typically as follows: • issue referred to the parties’ respective contract managers for resolution within 5 business days; • if not resolved within 5 business days, issue escalated to Pinsent Masons’ business operations director and supplier’s account manager, and thereafter to one further level of senior management for resolution within a further 10 business days in total.
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
PINSENT MASONS LLP operates as an active limited liability partnership. This business structure is commonly adopted by professional services organisations in the United Kingdom.
The company was incorporated on 18 December 2007. Its registered office is at 30 Crown Place, London, EC2A 4ES, and its company number is OC333653.
Limited liability partnerships, especially within professional services, typically provide specialised expertise and advisory services to clients in the UK market. These can encompass legal counsel, accounting, tax planning, or various forms of business consultancy, depending on the firm's specific focus.
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