Industry ranking
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.
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.
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.
| 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 | 67% | 19% | 14% | 40% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Howard Kennedy LLP is a London-based limited liability partnership registered at No.1 London Bridge. Companies House records classify it under legal services, and its filing history shows a large body of members, appointments and terminations consistent with operating as a law firm partnership. It was previously registered under the name Howardkennedyfsi LLP between January 2013 and October 2014 before reverting to Howard Kennedy LLP. The entity remains active, filing group accounts and confirmation statements with Companies House. No further detail on specific legal practice areas or client base is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk