Score of 96.7/100 qualifies for PaymentCheck Certification
TRUE POTENTIAL WEALTH MANAGEMENT LLP demonstrates strong and consistent payment performance, with an average payment time of just 17 days, well ahead of standard 30-day terms. The vast majority of payments — 96% — are settled within 30 days, with only a marginal 4% falling into the 31–60 day bracket and no payments exceeding 60 days. This distribution indicates a stable and disciplined payment pattern with no signs of deterioration.
The payment profile is highly predictable, with minimal dispersion across time bands and zero exposure beyond 60 days, suggesting a low-risk, low-volatility payer. The 4% late payment rate is limited in scope and confined entirely to the 31–60 day window, posing only marginal cash flow disruption for suppliers. Overall, the data reflects a reliable counterparty with consistent payment behaviour and no material risk indicators.
TRUE POTENTIAL WEALTH MANAGEMENT LLP represents a low-risk trading partner and is well-suited for standard or preferential credit terms, given its 17-day average payment speed and 96% on-time rate. Suppliers can engage with confidence, though routine invoice tracking is advisable to manage the small percentage of payments that occasionally extend beyond 30 days. No significant risk mitigation measures are required, making this an attractive client profile for supplier onboarding.
| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 17 | 96% | 4% | 0% | 4% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 19 | 97% | 3% | 0% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our default standard payment terms is 30 days. New suppliers are set up in line with terms on the invoice. For this period across the group there were 10 x Immediate ( I/C ) 4 x 10 days, 301 x 7 days, 86 x 14 days, 111 x 21 days, 290 x 30 days 1 x 45 days 0 x 60 days .
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None noted.
Maximum contractual payment period agreed
60
The dispute resolution process is as follows unless otherwise detailed in a relevant agreement. Invoices can be returned by invoice approvers via our accounting system (Workday) to the supplier invoice work area complete with comments if to be disputed – this then places the invoice back in draft. The invoice can be placed on hold and then chased / resolved with supplier or returned to the approver via Workday by the purchase ledger team. We aim to resolve disputes in a timely manner. This is, however, dependent, in part, on timely responses from the supplier to rectify any issues.
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
True Potential Wealth Management LLP is a wealth management organisation operating as a limited liability partnership in the United Kingdom. The business focuses on wealth management services, as indicated by its registered name, serving clients across the financial planning and investment sector.
The company is registered in England and Wales under company number OC356611 and holds active status on the Companies House register. Incorporated on 21 July 2010, the business is based in the North East of England, with its registered office located at Newburn House, Newburn Riverside, Newcastle Upon Tyne, NE15 8NX.
Wealth management firms of this type in the UK market typically provide a range of financial services to individuals and organisations, including investment planning, portfolio management, retirement planning, and financial advisory services. Such businesses operate within a regulated framework overseen by the Financial Conduct Authority (FCA), ensuring client assets and interests are managed in accordance with UK financial legislation and professional standards.
As a limited liability partnership, the business structure provides its members with the operational flexibility of a partnership whilst affording them protection from personal liability beyond their agreed investment in the firm. This corporate structure is commonly adopted by professional services firms operating in the financial sector across the United Kingdom.