THOMPSONS SOLICITORS LLP

PaymentCheck Score 2025
78Good
vs last year
#1954 in UK
#67 in Professional Services
#835 in London

Company Information

Company Number
OC356468
Registered Address
Congress House, Great Russell Street, London, WC1B 3LW
Status
Active
Employee Count
788
Turnover
£61,499,000
EBITDA
£10,331,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
15 July 2010
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
26 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
84%
31-60 Days
12%
After 60 Days
4%
Not Paid Within Terms32%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2024 - 30 Apr 202506 May 20252879%13%8%40%
01 May 2023 - 31 Oct 202308 Nov 20233086%8%6%29%
01 Nov 2022 - 30 Apr 202326 May 20232888%7%5%27%
01 May 2022 - 31 Oct 202217 Nov 20223687%7%6%34%
01 Nov 2021 - 30 Apr 202231 May 20223672%21%7%31%
01 May 2021 - 31 Oct 202130 Nov 20213957%9%34%39%
01 Nov 2020 - 30 Apr 202101 Nov 20214449%14%37%44%
01 Nov 2019 - 30 Apr 202006 Apr 20215072%15%13%42%
01 May 2018 - 30 Oct 201826 Mar 20193069%22%9%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

The terms with non-client contracts (as opposed to disbursement suppliers) vary between immediate and 90 days. Immediate terms have been taken to mean next day for these calculations.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

Payment processing is dealt with by the Accounts Payable function and any supplier queries are dealt with by that team. In the event of them being unable to resolve the matter it will be escalated to management to ensure satisfactory resolution.

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.

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

THOMPSONS SOLICITORS LLP is a leading law firm in the UK, providing expert legal services to individuals and businesses. The firm is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

Their sustainability program includes promoting green practices within the organization, such as reducing paper usage and encouraging recycling. They also work with suppliers who share their commitment to sustainability.

THOMPSONS SOLICITORS LLP offers a wide range of legal services, including personal injury claims, employment law, and trade union services. They have a team of experienced and dedicated lawyers who strive to achieve the best outcomes for their clients.

The firm was founded in 1921 and has since grown to become one of the most respected law firms in the UK. Their key people include senior partner Tom Jones and managing partner Lisa Mayhew.

Their website, www.thompsons.law.co.uk, provides detailed information about their services, as well as a blog and resources for clients. Their registered office address is 81 Southwark Street, London, SE1 0HX.

In summary, THOMPSONS SOLICITORS LLP is a reputable law firm with a strong commitment to sustainability. They offer a wide range of legal services and have a team of experienced professionals dedicated to achieving the best results for their clients.

Financial Metrics

Cash
£3,257,000
Net Worth
£11,692,000
Total Current Assets
£85,224,000
Total Current Liabilities
£70,195,000

Company Location