FLADGATE LLP
Company Information
- Company Number
- OC334334
- Registered Address
- 16 Great Queen Street, London, WC2B 5DG
- Status
- Active
- Employee Count
- 240
- Turnover
- £88,823,000
- EBITDA
- £46,506,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 24 January 2008
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
We are a firm of Solicitors and our payment terms vary considerably. We are regulated by the SRA and comply with SRA rules regarding. Counsels fees are paid on a paid when paid basis when we are paid by our clients. This is standard for firms of Solicitors.
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
389
Dispute Resolution Process
Any complaints or concerns are considered by the solicitor responsible or the relevant budget holder. The usual timescale and next steps are dependent on the nature of the query.
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
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.
