IRWIN MITCHELL LLP
Company Information
- Company Number
- OC343897
- Registered Address
- Riverside East, 2 Millsands, Sheffield, South Yorkshire, S3 8DT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 10 March 2009
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time of 32 days indicates that IRWIN MITCHELL LLP generally processes invoices close to or slightly beyond a standard 30-day term. A strong 76% of payments are made within 30 days, suggesting a consistent trend of prompt processing for the majority of invoices. However, 24% of payments extend beyond 30 days, with 7% taking over 60 days, indicating a segment of invoices consistently fall into delayed categories.
Volatility Analysis
While most payments are timely, the 13% late payment rate introduces a moderate level of unpredictability for a portion of invoices. Suppliers can generally expect prompt payment, but there's a tangible risk of 24% of invoices experiencing delays beyond 30 days. The 7% of payments exceeding 60 days represents a specific risk factor for extended credit exposure and potential cash flow disruption.
Summary Analysis
IRWIN MITCHELL LLP presents a generally stable payment profile, with the majority of payments processed efficiently. Suppliers should prepare for a moderate chance of delayed payments (up to 24%), especially considering the 7% that extend beyond 60 days, which requires robust credit management. It is advisable to establish clear payment terms and monitor outstanding invoices closely to mitigate potential cash flow impacts from the consistently later payments.
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 Nov 2024 - 30 Apr 2025 | 05 Jun 2025 | 32 | 76% | 17% | 7% | 13% |
| 01 May 2023 - 31 Oct 2023 | 22 Dec 2023 | 34 | 74% | 17% | 9% | 12% |
| 01 Nov 2022 - 30 Apr 2023 | 03 Jul 2023 | 66 | 75% | 16% | 9% | 14% |
| 01 May 2022 - 31 Oct 2022 | 28 Nov 2022 | 40 | 72% | 19% | 9% | 13% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 37 | 71% | 20% | 9% | 12% |
| 01 May 2021 - 31 Oct 2021 | 29 Nov 2021 | 41 | 69% | 19% | 12% | 12% |
| 01 Nov 2020 - 30 Apr 2021 | 08 Jun 2021 | 40 | 69% | 19% | 12% | 14% |
| 01 May 2020 - 31 Oct 2020 | 25 Nov 2020 | 37 | 69% | 17% | 14% | 16% |
| 01 Nov 2019 - 30 Apr 2020 | 11 May 2020 | 45 | 75% | 16% | 9% | 15% |
| 01 May 2019 - 31 Oct 2019 | 18 Nov 2019 | 30 | 80% | 10% | 10% | 12% |
| 01 Nov 2018 - 30 Apr 2019 | 20 May 2019 | 293 | 32% | 8% | 60% | 10% |
| 01 May 2018 - 31 Oct 2018 | 20 Nov 2018 | 261 | 36% | 8% | 56% | 11% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 256 | 38% | 8% | 54% | 14% |
| 01 May 2017 - 31 Oct 2017 | 11 Dec 2017 | 240 | 41% | 8% | 51% | 18% |
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 standard payment terms for services provided to the firm are 30 days from the date of the invoice. However, in addition we have contracts with large medical suppliers in specific legal cases where the agreed terms are for us to pay the supplier when we receive payment ourselves or within 2 years, whichever is earlier. We also have agreements with some barristers, experts and insurance companies where we pay them when we have received payment ourselves, as very often we are unable to issue invoices to recover these disbursements until the relevant legal case has reached settlement. These agreements for shared deferred payment terms, which reflect the nature of our Personal Injury legal business, increase our average payment days. If these two categories are included, our average days to pay show 312 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
730
Dispute Resolution Process
We are open to discussion with suppliers in respect of any alleged dispute.
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
Company Summary
IRWIN MITCHELL LLP is an active Limited liability partnership operating under the name IRWIN MITCHELL. This type of organisation is structured to provide professional services.
The partnership was incorporated on 10 March 2009 and is registered under company number OC343897. Its registered office is located at Riverside East, 2 Millsands, Sheffield, South Yorkshire, S3 8DT.
Limited liability partnerships in the UK market commonly specialise in providing a range of professional services. These typically encompass areas such as legal advice, accountancy, management consultancy, or other forms of expert advisory work for both businesses and private clients.
