HOLMAN FENWICK WILLAN LLP
Company Information
- Company Number
- OC343361
- Registered Address
- 8 Bishopsgate, London, United Kingdom, EC2N 4BQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 16 February 2009
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 39 days indicates that while a majority of payments (54%) are made within 30 days, a substantial portion consistently extends beyond this period. The 34% falling into the 31-60 day bracket and 12% exceeding 60 days suggest a regular trend of payments being slower than typical net-30 terms.
Volatility Analysis
With 28% of payments classified as late and 12% extending beyond 60 days, there is a notable level of payment unpredictability for suppliers. This distribution suggests a moderate risk of delayed cash flow, making it challenging to consistently forecast receipt dates for a segment of invoices.
Summary Analysis
Overall, HOLMAN FENWICK WILLAN LLP presents a moderate payment risk, requiring suppliers to anticipate payments averaging beyond 30 days and nearly a third being late. Suppliers should establish clear payment terms and consider strategies like adjusting cash flow expectations or incorporating a buffer for potential delays to mitigate impact.
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 39 | 54% | 34% | 12% | 28% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 37 | 51% | 40% | 9% | 43% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 51 | 39% | 41% | 20% | 45% |
| 01 Oct 2023 - 31 Mar 2024 | 03 May 2024 | 46 | 40% | 45% | 15% | 49% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 40 | 45% | 40% | 15% | 42% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 43 | 43% | 45% | 12% | 39% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 47 | 37% | 47% | 16% | 57% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 44 | 37% | 51% | 12% | 63% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 41 | 42% | 46% | 12% | 70% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 53 | 49% | 28% | 23% | 67% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 51 | 24% | 50% | 26% | 82% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 40 | 49% | 38% | 13% | 58% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 36 | 59% | 32% | 9% | 49% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 37 | 58% | 33% | 9% | 51% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 36 | 67% | 25% | 8% | 41% |
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
Our payment terms are agreed with suppliers and may vary depending on what is agreed during the contract negotiation. Most suppliers however agree to be paid within 30 days of the invoice date. Our payment runs are weekly and we always aim to pay our suppliers within the agreed terms. In line with standard procedures for law firms, payment to suppliers of client matter disbursements costs including counsels fees are made by the firm within 2 working days of receipt of payment from the client for those costs, unless agreed otherwise with the supplier.
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
60
Dispute Resolution Process
Our aim is to pay all undisputed supplier invoices within the contractual payment terms. In the event that an invoice is not paid within the contractual terms the supplier should contact the Accounts Payable (AP) team in the first instance. The AP team will be able to provide a status update regarding the unpaid invoice and will direct the supplier to our business representative who engaged the supplier in order to resolve the issues which are preventing the invoice from being approved 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.
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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?
❌
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
HOLMAN FENWICK WILLAN LLP is a professional services firm operating as a Limited Liability Partnership
Its name structure is indicative of a legal practice, suggesting its core activities involve providing specialist legal expertise
The company is an active Limited Liability Partnership, registered under company number OC343361
It was incorporated on 16 February 2009 and is based in London, with its registered office at 8 Bishopsgate, London, United Kingdom, EC2N 4BQ
Limited Liability Partnerships structured as legal practices in the UK typically offer a range of legal services
These commonly include advisory, transactional, and dispute resolution work, catering to clients who require specialist legal support across various sectors
