| 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 May 2019 - 31 Oct 2019 | 02 Jan 2020 | 11 | 90% | 7% | 3% | 13% |
| 01 Nov 2018 - 30 Apr 2019 | 16 Jul 2019 | 31 | 68% | 20% | 12% | 29% |
| 01 May 2017 - 31 Oct 2017 | 21 Nov 2017 | 44 | 53% | 27% | 20% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Capsticks Solicitors LLP negotiates and agrees payment terms with suppliers as necessary. Our general terms are to settle all valid invoices within 30 days although this can be dependent upon the nature of the goods / services being supplied. A significant proportion of payments relate to third party disbursements which are settled in accordance with the terms set out by the Solicitors Regulatory Authority ie within two days of receipt of the funds from our client.
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 disagreements with amounts invoiced by suppliers will be raised by the senior individual responsible for the expenditure. Complaints by suppliers should be directed in the first instance to the individual responsible for the expenditure or their Head of Department. Should the matter remain unresolved this will be escalated to the Director of Finance.
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
Capsticks Solicitors LLP is a law firm registered as a limited liability partnership, operating offices in Birmingham, Exeter, Leeds, London, Manchester and Winchester. It provides legal services to public sector and regulated organisations, with particular focus on NHS healthcare, housing, local government, emergency services, education, private healthcare, primary care, insurance and professional regulatory bodies. Its service areas include clinical negligence, commercial and contract work, construction, corporate matters, employment and pensions, governance, housing development and management, information law, inquests, litigation, mediation, medical malpractice, procurement and real estate. The firm describes its purpose as delivering results that matter for clients working to make a difference across health, housing and public sector communities.
Generated from the company's website and Companies House records. Sources: capsticks.com · capsticks.com · capsticks.com