STEPHENSON HARWOOD LLP
Company Information
- Company Number
- OC373597
- Registered Address
- 1 Finsbury Circus, London, EC2M 7SH
- Status
- Active
- Employee Count
- 955
- Turnover
- £261,600,000
- EBITDA
- £98,300,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 21 March 2012
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
STEPHENSON HARWOOD LLP exhibits a slow payment trend, with an average payment time of 72 days. Only 24% of invoices are settled within 30 days, while a significant 76% are paid beyond 30 days, including 34% over 60 days, indicating a consistent trajectory towards extended payment cycles.
Volatility Analysis
Payment reliability is low, as nearly half (49%) of all payments are late, and the average payment time is 72 days. This wide spread in payment timelines, from 24% within 30 days to 34% over 60 days, signals high unpredictability and significant risk to a supplier's cash flow forecasting.
Summary Analysis
Suppliers should anticipate an average 72-day payment cycle and a high probability of late payments when dealing with STEPHENSON HARWOOD LLP. It is crucial to factor in these extended payment terms and potential delays when making credit decisions or managing working capital. Consider risk mitigation strategies such as negotiating stricter payment terms, requiring deposits, or adjusting pricing to account for the increased credit risk.
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 Nov 2024 - 30 Apr 2025 | 23 May 2025 | 72 | 24% | 42% | 34% | 49% |
| 01 May 2024 - 31 Oct 2024 | 25 Nov 2024 | 64 | 33% | 33% | 34% | 48% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 62 | 34% | 34% | 32% | 51% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 68 | 37% | 27% | 36% | 51% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 64 | 40% | 29% | 31% | 46% |
| 01 May 2022 - 31 Oct 2022 | 30 Nov 2022 | 66 | 39% | 27% | 34% | 49% |
| 01 Nov 2021 - 30 Apr 2022 | 30 Nov 2022 | 86 | 36% | 27% | 37% | 54% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 69 | 34% | 29% | 37% | 53% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 78 | 43% | 27% | 30% | 46% |
| 01 May 2020 - 31 Oct 2020 | 27 May 2021 | 69 | 38% | 30% | 32% | 48% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 66 | 47% | 27% | 26% | 41% |
| 01 May 2019 - 31 Oct 2019 | 30 Nov 2019 | 58 | 52% | 21% | 27% | 37% |
| 01 Oct 2018 - 30 Apr 2019 | 30 May 2019 | 45 | 51% | 30% | 19% | 38% |
| 01 May 2018 - 31 Oct 2018 | 30 Nov 2018 | 51 | 46% | 37% | 17% | 33% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 43 | 52% | 34% | 14% | 26% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 47 | 66% | 16% | 18% | 21% |
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 principal activity of Stephenson Harwood LLP is the provision of legal services in the United Kingdom and internationally, both directly and through its subsidiary undertakings. Stephenson Harwood's suppliers fall into 2 categories, office purchases which relate to the normal running of a business and client related disbursements which are passed on to our clients. Our standard policy is to pay all office related invoices within 42 days. As each invoice falls due they are included in the next payment run. For disbursements, such as third party lawyer fees, our standard practice is to pay these invoices within 2 days of receiving funds from our clients, in accordance with SRA Accounts Rules. Due to the variety of legal work that we perform, receipt of funds from clients may take several months to be received as it can be dependent on the completion of a transaction or a court case.
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
42
Dispute Resolution Process
All invoices in dispute are passed to the appropriate team that requested the goods or services in- order for them to resolve the dispute. It may then be referred onto the senior management of the firm if necessary.
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
STEPHENSON HARWOOD LLP is a limited liability partnership. Its name and company type confirm its operation as a legal services provider within the UK legal sector.
This active organisation was incorporated on 21 March 2012, holding company number OC373597. Its registered office is located in London at 1 Finsbury Circus, EC2M 7SH.
As a legal services provider, STEPHENSON HARWOOD LLP offers specialist legal advice and representation. It typically supports businesses and individuals with their legal requirements across various practice areas in the UK market.
