SIMMONS & SIMMONS LLP
Company Information
- Company Number
- OC352713
- Registered Address
- Citypoint, One Ropemaker Street, London, EC2Y 9SS
- Status
- Active
- Employee Count
- 1,808
- Turnover
- £556,056,000
- EBITDA
- £193,658,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 1 March 2010
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SIMMONS & SIMMONS LLP demonstrates a very strong trend of prompt payments, with an impressive average payment time of 21 days. A significant 92% of their invoices are consistently settled within 30 days, indicating a reliable and favorable payment trajectory for suppliers.
Volatility Analysis
While generally reliable, there is a minor degree of payment unpredictability, with 8% of payments categorized as late. Specifically, 4% fall into the 31-60 day bracket and another 4% extend beyond 60 days, indicating a low but present risk factor for a small proportion of transactions.
Summary Analysis
Overall, SIMMONS & SIMMONS LLP presents a low payment risk, making them a highly attractive client for suppliers. Key decision factors should highlight their excellent average payment speed and high compliance with early payment terms. Suppliers can confidently offer standard payment terms, though maintaining open communication for the minority of invoices that might experience slight delays is a minor mitigation strategy.
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 | 30 May 2025 | 21 | 92% | 4% | 4% | 8% |
| 01 May 2024 - 31 Oct 2024 | 15 Nov 2024 | 16 | 93% | 2% | 5% | 7% |
| 01 Nov 2023 - 30 Apr 2024 | 24 May 2024 | 14 | 94% | 2% | 4% | 6% |
| 01 May 2023 - 30 Oct 2023 | 17 Nov 2023 | 15 | 93% | 3% | 4% | 7% |
| 01 Nov 2022 - 30 Apr 2023 | 23 May 2023 | 25 | 78% | 10% | 12% | 22% |
| 01 May 2022 - 31 Oct 2022 | 28 Nov 2022 | 25 | 78% | 11% | 11% | 22% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 28 | 73% | 11% | 16% | 27% |
| 01 May 2021 - 31 Oct 2021 | 22 Nov 2021 | 31 | 71% | 13% | 16% | 29% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 32 | 71% | 13% | 16% | 29% |
| 01 May 2020 - 31 Oct 2020 | 26 Nov 2020 | 37 | 60% | 22% | 18% | 40% |
| 01 Nov 2019 - 30 Apr 2020 | 04 Jun 2020 | 16 | 88% | 8% | 4% | 12% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 22 | 80% | 12% | 8% | 2% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 17 | 88% | 8% | 3% | 12% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 19 | 84% | 10% | 6% | 16% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 16 | 90% | 7% | 3% | 10% |
| 01 May 2017 - 31 Oct 2017 | 08 Dec 2017 | 26 | 66% | 33% | 1% | 89% |
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
30 days from invoice date
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
Dispute Resolution Process
Buyers and procurement teams manage the supplier relationships and, if a dispute exists on an invoiced charge, this is discussed directly with the supplier by the buyer. The invoice is held for payment pending resolution of the query with the supplier. Once the buyer is content with the invoiced charges (or a partial credit note has been supplied), Accounts Payable are advised to make payment on the next available pay-run.
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.
❌
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
SIMMONS & SIMMONS LLP functions as an active limited liability partnership. This structure, combined with its naming convention, is characteristic of a professional services firm, typically within the legal sector.
This active limited liability partnership was incorporated on 1 March 2010. Its registered office is Citypoint, One Ropemaker Street, London, EC2Y 9SS, located in London. The company holds company number OC352713.
As a professional services LLP, particularly one indicative of a legal practice, SIMMONS & SIMMONS LLP typically provides a broad range of legal and advisory services. These services often include corporate and commercial law, finance, dispute resolution, real estate, and employment law for clients in the UK market.
