WINCKWORTH SHERWOOD LLP generally pays invoices within 30 days, as evidenced by an average payment time of 27 days and 69% paid within this period. However, a significant 30% of payments are late, indicating a mixed trend in payment adherence. This suggests that while most payments are timely, a notable portion experiences delays beyond the initial terms.
Payment reliability is somewhat inconsistent, with 22% of invoices settling between 31-60 days and a concerning 9% extending beyond 60 days. This variability, coupled with a 30% late payment rate, indicates a degree of unpredictability for a supplier. The risk of delayed payment is present for nearly a third of invoices, impacting cash flow forecasting.
While WINCKWORTH SHERWOOD LLP demonstrates an average prompt payment speed, the 30% late payment rate and 9% exceeding 60 days introduce a moderate risk for suppliers. Suppliers should consider offering shorter payment terms or implementing strict credit limits to mitigate potential cash flow disruptions. Close monitoring of payment trends is advisable to ensure ongoing financial stability.
| 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 | 20 Apr 2026 | 29 | 69% | 18% | 13% | 31% |
| 01 Apr 2025 - 30 Sept 2025 | 07 Oct 2025 | 27 | 69% | 22% | 9% | 30% |
| 01 Oct 2024 - 31 Mar 2025 | 16 Apr 2025 | 27 | 58% | 27% | 15% | 42% |
| 01 Apr 2024 - 30 Sept 2024 | 03 Oct 2024 | 29 | 57% | 43% | 0% | 43% |
| 01 Oct 2023 - 31 Mar 2024 | 04 Apr 2024 | 28 | 59% | 41% | 0% | 41% |
| 01 Apr 2023 - 30 Sept 2023 | 11 Oct 2023 | 28 | 72% | 28% | 0% | 28% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 28 | 67% | 28% | 5% | 33% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Oct 2022 | 31 | 65% | 23% | 12% | 35% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Apr 2022 | 32 | 63% | 23% | 13% | 36% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 31 | 86% | 13% | 1% | 14% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 29 | 75% | 19% | 6% | 25% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 30 | 51% | 38% | 11% | 48% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 21 | 66% | 26% | 8% | 34% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 22 | 63% | 31% | 6% | 37% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 27 | 55% | 38% | 6% | 45% |
| 01 Apr 2018 - 30 Sept 2018 | 17 Oct 2018 | 25 | 61% | 36% | 2% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay when invoices are due which is usually 30 days.
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
If an invoice is disputed for any reason, we would place a hold on our systemuntil the query is resolved
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
WINCKWORTH SHERWOOD LLP is an active limited liability partnership. It operates as a professional services firm based on its name and company type.
The company, registered under company number OC334359, was incorporated on 25 January 2008. It maintains its active status and is located in London, with its registered office at Arbor, 255 Blackfriars Rd, London, England, SE1 9AX.
Limited liability partnerships operating as professional services firms in the UK typically provide specialised expertise and advice. These services often encompass areas such as legal counsel, financial consultancy, strategic advisory, and other expert professional support to businesses, individuals, and organisations.
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