Score of 80/100 qualifies for PaymentCheck Certification
FLADGATE LLP exhibits a primary trend of prompt payments, with 67% of invoices settled within 30 days, indicating a generally efficient initial payment speed. However, 33% of payments are late, including a notable 17% that extend beyond 60 days, revealing an inconsistent payment trajectory with a substantial proportion experiencing significant delays.
The 33% late payment rate and 17% of payments exceeding 60 days introduce considerable volatility, making payment receipt less predictable for suppliers. While the majority are paid within standard terms, the high proportion of delayed payments indicates a significant risk of extended payment cycles and necessitates careful credit management.
Suppliers can expect prompt payment for roughly two-thirds of invoices, aligning with standard terms. However, given the 33% late payment rate and 17% going over 60 days, it is advisable to factor in potential delays and consider implementing stricter payment terms or monitoring outstanding balances closely to mitigate associated risks.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 21 | 73% | 23% | 4% | 41% |
| 01 Apr 2025 - 30 Sept 2025 | 30 Apr 2026 | 18 | 74% | 25% | 1% | 36% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2026 | 20 | 71% | 29% | 0% | 43% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Apr 2026 | 18 | 71% | 29% | 0% | 45% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2026 | 11 | 91% | 8% | 1% | 34% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Apr 2026 | 12 | 91% | 8% | 1% | 34% |
| 01 Oct 2022 - 31 Mar 2023 | 30 Apr 2026 | 12 | 90% | 9% | 1% | 35% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Apr 2026 | 8 | 98% | 1% | 1% | 38% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Jul 2022 | 32 | 70% | 15% | 15% | 30% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Jul 2022 | 37 | 67% | 16% | 17% | 33% |
| 01 Oct 2020 - 31 Mar 2021 | 19 Jul 2021 | 31 | 70% | 17% | 13% | 30% |
| 01 Apr 2020 - 30 Sept 2020 | 07 Jan 2021 | 37 | 59% | 23% | 18% | 41% |
| 01 Oct 2019 - 31 Mar 2020 | 07 Jan 2021 | 34 | 61% | 24% | 15% | 39% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 28 | 70% | 21% | 9% | 30% |
| 01 Oct 2018 - 31 Mar 2019 | 02 May 2019 | 26 | 70% | 22% | 8% | 30% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 28 | 71% | 19% | 10% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are as follows: - Goods and services will only be paid for after delivery, and after any issues or queries have been resolved. Except where different payment terms have been agreed in writing with a supplier, authorised invoices will be paid on the supplier run closest to 30 days after the invoice date. Payment of Counsel and other professional fees which are incurred as a part of the services offered to our clients, fall outside the remit of our Standard Payment Terms and shall be settled on a "Pay when Paid" basis in accordance with the SRA Accounts Rules.
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
30
Any payment disputes shall in the first instance be referred to the member of staff managing the contact. If the parties are unable to reach a resolution, it may be referred to the relevant department head and , where necessary, the firm's Director of Finance, COO or General Counsel. We aim to resolve disputes within 30 days (or longer as agreed by the parties), from the date the dispute was raised.
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
FLADGATE LLP is an active limited liability partnership. In the UK, this company type primarily functions as a professional services firm, offering specialised expertise.
The company holds number OC334334 and was incorporated on 24 January 2008. Its registered office is situated at 16 Great Queen Street, London, WC2B 5DG.
Limited liability partnerships such as FLADGATE LLP typically provide a broad range of advisory and consultative services to corporate and individual clients. These services are often bespoke, requiring in-depth knowledge and professional qualifications within their specific fields.
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