SHOOSMITHS LLP
Company Information
- Company Number
- OC374987
- Registered Address
- 1 Bow Churchyard, London, United Kingdom, EC4M 9DQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 4 May 2012
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
SHOOSMITHS LLP exhibits an average payment time of 42 days, indicating a consistent trend of payments exceeding standard 30-day terms for a significant portion of invoices. While 72% of invoices are settled within 30 days, a notable 28% extend beyond this period, with 11% taking over 60 days. This pattern suggests a trajectory towards extended payment cycles for a segment of their supplier obligations.
Volatility Analysis
The 14% late payment rate and 11% of payments extending beyond 60 days introduce a moderate level of unpredictability for suppliers regarding cash flow. This creates potential for inconsistent payment timing, as almost one-third of payments fall outside the common 30-day window, impacting financial forecasting reliability. Suppliers face a tangible risk of delayed revenue, necessitating careful planning for working capital.
Summary Analysis
Suppliers should factor in an average payment cycle of 42 days, acknowledging that nearly 14% of invoices are paid late and a substantial portion extends beyond typical terms. Key decision factors include the potential impact on immediate cash flow and the need for increased working capital to manage extended payment periods. To mitigate risk, suppliers may consider adjusting their own payment terms, negotiating clear milestones, or exploring early payment incentives if applicable.
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 Apr 2025 - 30 Sept 2025 | 21 Oct 2025 | 42 | 72% | 17% | 11% | 14% |
| 01 Oct 2024 - 31 Mar 2025 | 22 Apr 2025 | 37 | 71% | 18% | 11% | 17% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 37 | 75% | 15% | 10% | 15% |
| 01 Nov 2023 - 31 Mar 2024 | 25 Apr 2024 | 38 | 72% | 16% | 12% | 17% |
| 01 May 2023 - 31 Oct 2023 | 29 Nov 2023 | 38 | 73% | 18% | 9% | 16% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 36 | 72% | 17% | 11% | 14% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 33 | 72% | 18% | 10% | 14% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 31 | 76% | 15% | 9% | 12% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 32 | 75% | 15% | 10% | 14% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 34 | 75% | 14% | 11% | 13% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 31 | 73% | 16% | 12% | 17% |
| 01 Nov 2019 - 30 Apr 2020 | 27 May 2020 | 28 | 75% | 17% | 9% | 16% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 28 | 77% | 15% | 8% | 11% |
| 01 Nov 2018 - 30 Apr 2019 | 24 May 2019 | 29 | 76% | 16% | 8% | 11% |
| 01 May 2018 - 31 Oct 2018 | 26 Nov 2018 | 28 | 75% | 18% | 7% | 9% |
| 01 Nov 2017 - 30 Apr 2018 | 24 May 2018 | 33 | 65% | 21% | 14% | 18% |
| 01 May 2017 - 31 Oct 2017 | 22 Nov 2017 | 30 | 67% | 19% | 14% | 23% |
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
Shoosmiths LLP have, what the firm believes to be, fair and reasonable payment practices and an established standard payment term of 45 days from date of invoice. The firm's maximum payment term is 90 days, however there are certain services supplied to the firm, where the payment is dependent on the outcome of a legal matter.
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
90
Dispute Resolution Process
Shoosmiths LLP's process of dealing with potential queries begins by contacting our representative who originally approved the service or goods to be provided. In addition, our Accounts Payable department can assist by email or phone, please refer to the contact details below: Accounts Payable Department: accountspayablequerysection@shoosmiths.com Phone: 03700 863160. Should your query still not be resolved, it will be referred to our Finance Director for further consideration
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.
❌
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?
❌
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
SHOOSMITHS LLP operates as a limited liability partnership, providing professional legal services
The company's name and structure firmly establish its role within the legal sector
SHOOSMITHS LLP is an active limited liability partnership, registered under company number OC374997
It was incorporated on 4 May 2012 and is located in London, with its registered office at 1 Bow Churchyard, London, United Kingdom, EC4M 9DQ
As a legal limited liability partnership in the UK market, SHOOSMITHS LLP offers expert legal advice, representation, and professional support
These services typically encompass various specialisms, assisting businesses and individuals with their legal requirements
