MENZIES LLP
Company Information
- Company Number
- OC336077
- Registered Address
- Suite A 1st Floor Midas House, 62 Goldsworth Road, Woking, Surrey, GU21 6LQ
- Status
- Active
- Employee Count
- 475.0
- Turnover
- 58605000.0
- EBITDA
- 21266000.0
Additional Details
- Website
- https://www.menzies.co.uk/
- Company Type
- Limited liability partnership
- Incorporated On
- 1 April 2008
- Industries
- Financial Services
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 31 | 65% | 32% | 3% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 60% | 36% | 4% | 40% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 34 | 52% | 46% | 2% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 36 | 46% | 48% | 6% | 54% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 36 | 53% | 41% | 6% | 47% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 38 | 47% | 46% | 7% | 53% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | 40 | 42% | 43% | 15% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 30 | 66% | 27% | 7% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 26 | 77% | 21% | 2% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 23 | 81% | 17% | 2% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Jan 2019 | 27 | 71% | 27% | 3% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 29 | 65% | 32% | 3% | 35% |
| 01 Jul 2017 - 31 Dec 2017 | 26 Jan 2018 | 28 | 66% | 31% | 3% | 34% |
Company Summary
MENZIES LLP is a leading accounting and advisory firm based in the United Kingdom
They offer a wide range of services including audit, tax, advisory, and outsourcing services to clients in various industries
The firm is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a sustainability program in place to promote responsible business practices, reduce their carbon footprint, and support local communities
MENZIES LLP offers a variety of products and services to their clients, including financial reporting, tax planning, and business advisory services
They also provide specialized services in areas such as corporate finance, restructuring, and forensic accounting
The firm is led by a team of experienced and dedicated professionals, including managing partner Julie Adams
They have a strong focus on providing high-quality services and building strong relationships with their clients
To learn more about MENZIES LLP and their services, you can visit their website at www.menzies.co.uk
Their registered office address is 6th Floor 107 Cheapside, London, EC2V 6DN
They also have several offices located across the UK for convenient access to their services
Company Review
Trend Analysis
The trend for MENZIES LLP's average time to pay invoices has been fluctuating between 23 and 40 days over the past three periods. However, there was a significant increase in the time taken to pay invoices in the most recent period, with an average of 40 days compared to 31 days in the previous period.
Volatility Analysis
MENZIES LLP's volatility in paying invoices has been relatively stable, with the average time to pay ranging between 23 and 40 days. However, there was a notable increase in volatility in the most recent period, with a difference of 9 days between the shortest and longest average time to pay.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The vast majority are 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Operational heads have responsibility for approving or disputing invoices for payment
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
