HOWARD KENNEDY LLP
Company Information
- Company Number
- OC361417
- Registered Address
- No.1 London Bridge, London, SE1 9BG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 1 February 2011
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HOWARD KENNEDY LLP demonstrates a payment trend where 69% of invoices are settled within 30 days, indicating a strong baseline for promptness. However, the average payment time of 34 days and 38% late payments suggest a consistent tendency for a notable portion of invoices to exceed standard 30-day terms. The trajectory indicates that while most payments are timely, a significant minority consistently pay beyond their due date, with 15% extending beyond 60 days.
Volatility Analysis
The payment profile of HOWARD KENNEDY LLP shows mixed reliability, with 38% of payments consistently categorized as late. This introduces a degree of unpredictability for suppliers, particularly concerning the 15% of invoices that extend beyond 60 days. Such volatility presents a risk of inconsistent cash flow for suppliers, requiring careful consideration of payment terms and potential buffer.
Summary Analysis
Overall, HOWARD KENNEDY LLP presents a moderately reliable payment profile, though suppliers should factor in the 38% late payment rate and average 34-day payment time. Key decision factors include a supplier's own cash flow resilience and ability to manage delayed receivables, especially for the 15% of invoices paid over 60 days. To mitigate risk, consider establishing clear payment terms, potential upfront payments for larger engagements, or maintaining a diversified client portfolio.
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 May 2025 - 31 Oct 2025 | 11 Nov 2025 | 34 | 69% | 16% | 15% | 38% |
| 01 May 2024 - 30 Apr 2025 | 23 Oct 2025 | 34 | 69% | 16% | 15% | 38% |
| 01 May 2024 - 31 Oct 2024 | 22 Nov 2024 | 36 | 66% | 17% | 17% | 37% |
| 01 Nov 2023 - 30 Apr 2024 | 22 Nov 2024 | 26 | 75% | 14% | 11% | 29% |
| 01 Nov 2022 - 31 Oct 2023 | 07 Nov 2023 | 31 | 67% | 17% | 16% | 38% |
| 01 May 2022 - 30 Oct 2022 | 27 Jan 2023 | 43 | 67% | 16% | 17% | 41% |
| 01 May 2021 - 29 Apr 2022 | 27 Jan 2023 | 48 | 66% | 18% | 17% | 42% |
| 01 Nov 2020 - 30 Oct 2021 | 01 Nov 2021 | 37 | 65% | 19% | 16% | 48% |
| 01 May 2020 - 15 Apr 2021 | 15 Apr 2021 | 40 | 63% | 19% | 19% | 64% |
| 01 May 2019 - 30 Apr 2020 | 30 Oct 2020 | 39 | 61% | 22% | 17% | 69% |
| 01 May 2019 - 30 Nov 2019 | 10 Mar 2020 | 40 | 61% | 21% | 18% | 50% |
| 01 Nov 2018 - 30 Apr 2019 | 29 May 2019 | 40 | 69% | 17% | 14% | 45% |
| 01 May 2018 - 31 Oct 2018 | 26 Nov 2018 | 37 | 68% | 20% | 12% | 58% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 42 | 64% | 18% | 18% | 62% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 44 | 68% | 15% | 17% | 46% |
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
"Howard Kennedy LLP does not have standard payment terms. Payment terms are agreed with suppliers as part of negotiations. The most common payment terms of invoices paid in the period are 30 days. Minor delays may occur if invoices are not sent directly to the accounts payable team. The business' standard terms relating to payment for suppliers of disbursement and counsel services are two business days from receipt of payment of those costs from our clients, 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
Dispute Resolution Process
Any disputes are submitted to the member of staff managing the contract, who may involve their director as necessary. If there is no settlement between the member of staff and the supplier, the dispute would be escalated to the Director of Risk and Compliance.
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.
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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
Company Summary
HOWARD KENNEDY LLP is an active limited liability partnership operating as a professional services firm
The company name suggests it is a legal practice, providing specialist advice and representation
Incorporated on 1 February 2011, HOWARD KENNEDY LLP is registered in London with company number OC361417
Its registered office is located at No.1 London Bridge, London, SE1 9BG
As a legal limited liability partnership in the UK, HOWARD KENNEDY LLP typically provides a range of legal services
These services include advisory, transactional, and dispute resolution support to both commercial clients and private individuals
