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The average time for BRISTOWS LLP to pay invoices has fluctuated between 55 days and 76 days over the past three years. There was a significant increase in 2020, but it has since decreased back to the previous levels. However, there has been an overall increase in the percentage of invoices paid later than 60 days.
The average time for BRISTOWS LLP to pay invoices has been relatively stable, with the exception of a spike in 2020. However, there has been volatility in the percentage of invoices paid within 30 days and those paid later than 60 days.
From May 2020 to October 2022, BRISTOWS LLP had an average time to pay of 55-76 days. The percentage of invoices paid within 30 days ranged from 32% to 54%, with the lowest percentage being in November 2020. The percentage of invoices paid later than 60 days ranged from 32% to 52%, with the highest percentage being in November 2020. The shortest standard payment period remained at 30 days throughout all periods.
| 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 2025 - 30 Apr 2026 | 27 May 2026 | 42 | 58% | 16% | 26% | 46% |
| 01 May 2025 - 31 Oct 2025 | 17 Nov 2025 | 63 | 45% | 18% | 37% | 47% |
| 01 Nov 2024 - 30 Apr 2025 | 17 Nov 2025 | 62 | 44% | 19% | 37% | 48% |
| 01 May 2024 - 31 Oct 2024 | 02 Dec 2024 | 62 | 46% | 14% | 40% | 52% |
| 01 Nov 2023 - 30 Apr 2024 | 20 May 2024 | 56 | 48% | 15% | 37% | 53% |
| 01 May 2023 - 31 Oct 2023 | 23 Nov 2023 | 71 | 43% | 13% | 44% | 54% |
| 01 Nov 2022 - 30 Apr 2023 | 22 May 2023 | 61 | 50% | 12% | 38% | 53% |
| 01 May 2022 - 31 Oct 2022 | 16 Nov 2022 | 63 | 46% | 10% | 44% | 49% |
| 01 Nov 2021 - 30 Apr 2022 | 24 May 2022 | 60 | 49% | 7% | 44% | 55% |
| 01 May 2021 - 31 Oct 2021 | 19 Nov 2021 | 62 | 38% | 17% | 45% | 59% |
| 01 Nov 2020 - 30 Apr 2021 | 19 Nov 2021 | 61 | 38% | 15% | 47% | 61% |
| 01 May 2020 - 31 Oct 2020 | 26 Nov 2020 | 76 | 32% | 16% | 52% | 62% |
| 01 Nov 2019 - 30 Apr 2020 | 20 May 2020 | 54 | 44% | 18% | 38% | 54% |
| 01 May 2019 - 31 Oct 2019 | 27 Nov 2019 | 61 | 41% | 11% | 48% | 53% |
| 01 Nov 2018 - 30 Apr 2019 | 17 May 2019 | 58 | 46% | 16% | 38% | 52% |
| 01 May 2018 - 31 Oct 2018 | 15 Nov 2018 | 56 | 47% | 11% | 42% | 50% |
| 01 Nov 2017 - 30 Apr 2018 | 18 May 2018 | 58 | 51% | 14% | 35% | 52% |
| 01 May 2017 - 31 Oct 2017 | 27 Nov 2017 | 55 | 54% | 14% | 32% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Suppliers are paid 30 days after the date of their invoice, subject to our satisfaction that the goods and services have been properly delivered in accordance with the supplier's obligations. As is the norm with law firms, payment to Counsel and other suppliers of professional services that are incurred on behalf of clients, are paid within two days of our being put in funds by our client, 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
30
Invoice disputes should be referred, in the first instance, to the individual in the firm who was responsible for procuring the goods or services in question. Should they not be able to resolve the dispute, then it should be referred to the firm's CFO.
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
BRISTOWS LLP is an active limited liability partnership, incorporated on 19 October 2010, based in the London region.
From Companies House records.