CLYDE & CO CLAIMS LLP generally exhibits prompt payment, with 71% of invoices settled within 30 days, yet their average payment time extends to 32 days. This average is influenced by a substantial 29% of payments falling into the 31-60 days (19%) and over 60 days (10%) categories. This indicates a consistent segment of transactions that experience slower processing, extending the overall payment trajectory.
The company's payment behavior shows moderate volatility, with a 20% late payment rate and 10% of invoices taking over 60 days to settle. This introduces a measurable degree of unpredictability for suppliers, as nearly one-third of payments (29% beyond 30 days) will not adhere to standard 30-day terms. Suppliers should anticipate that a significant minority of transactions will carry elevated payment risk due to these delays.
CLYDE & CO CLAIMS LLP is a moderately reliable payer; however, suppliers must account for the consistent 20% late payment rate and 10% of payments exceeding 60 days. Key decision factors include the potential for extended working capital cycles on a notable portion of invoices. To mitigate risk, suppliers should consider establishing clear payment terms, implementing proactive follow-up for invoices approaching 30 days, and factoring in potential cash flow delays.
| 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 | 17 Jul 2025 | 32 | 71% | 19% | 10% | 20% |
| 01 May 2024 - 31 Oct 2024 | 13 Jan 2025 | 42 | 64% | 18% | 18% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days. Once authorised by the relevant department head, trade invoices are paid when due through weekly payment runs. In line with standard procedures for law firms, payment to suppliers of client matter disbursement costs including counsels fees are made by the firm within 2 working days of the receipt of payment from clients 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
90
The firm's Accounts Payable department should be the first point of contact if a supplier has a dispute relating to payment. Complaints or concerns will be dealt with by the relevant department head, with the involvement of the Finance Director where necessary.
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
CLYDE & CO CLAIMS LLP is an active limited liability partnership. The company’s name indicates a specialisation in claims-related legal services.
Incorporated on 18 March 2009, CLYDE & CO CLAIMS LLP operates as an active entity with company number OC344148. Its registered office is located at C/O Clyde & Co Llp, St Botolph Building, 138 Houndsditch, London, United Kingdom, EC3A 7AR.
In the UK market, limited liability partnerships focused on claims typically provide expert legal advice, representation, and dispute resolution services. These organisations assist clients with navigating the legal processes associated with various types of claims.