INCE GORDON DADDS LLP
Company Information
- Company Number
- OC383616
- Registered Address
- Aldgate Tower, 2 Leman Street, London, United Kingdom, E1 8QN
- Status
- In Administration
- Employee Count
- 426
- Turnover
- £56,613,000
- EBITDA
- £15,513,000
Additional Details
- Website
- https://alen-buckley.co.uk/
- Company Type
- Limited liability partnership
- Incorporated On
- 21 March 2013
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for INCE GORDON DADDS LLP has increased over the past three periods, from 25 days in Apr 2021-Sep 2021 to 34 days in Apr 2022-Sep 2022. This indicates a trend towards longer payment periods.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has remained relatively stable, with a decrease of 9% from 74% in Apr 2021-Sep 2021 to 65% in Apr 2022-Sep 2022. However, there has been an increase in the percentage of invoices paid later than 60 days, from 14% in Apr 2021-Sep 2021 to 17% in Apr 2022-Sep 2022, indicating a shift towards longer payment periods.
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 Oct 2021 - 31 Mar 2022 | 06 Jul 2022 | 29 | 65% | 19% | 16% | 15% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 25 | 74% | 12% | 14% | 17% |
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
Standard payment terms for trade creditors is 42 days. Standard payment terms for standard legal creditors is via variable direct debit (7 days and 14 days payment terms and 30 days). Standard payment terms for other legal creditors is upon receipt of client funds to cover the disbursement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The Accounts Payable Manager and Chief Financial Officer have continued to work closely together to identify high value suppliers which we hoped to defer payment to a later date. A single member of the accounts payable team was designated with the task of liaising with suppliers to discuss possible payment deferral. The Accounts Payable Manager subsequently contacted the supplier directly through telephone to agree a payment plan in situations where the supplier refuses any initial request for payment deferral. In situations where no agreement can be made, the decision is escalated to the Chief Financial Officer to agree and negotiate payment options. Failures to make good of payment plans are addressed directly by the Accounts Payable manager.
Maximum contractual payment period agreed
152
Dispute Resolution Process
Any initial disputes in relation to payments are initially circulated to the Accounts Payable team which are then passed on to the Accounts Payable manager for investigation. The Accounts Payable manager will seek direct contact with the supplier to address the issue. If the dispute relates to the product or service provided, the authorising purchaser will contact the supplier directly. Where the issue relates to physical payment, accounts payable will be in direct communication with the supplier.
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.
✅
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.
✅
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
INCE GORDON DADDS LLP is a leading international law firm with a strong focus on sustainability. They offer a wide range of legal services to clients around the world, with a particular expertise in shipping, trade, energy, and infrastructure.
The firm has a strong commitment to sustainability, and this is reflected in their day-to-day operations. They have implemented various initiatives to reduce their environmental impact, such as using renewable energy sources, reducing waste and promoting sustainable travel options for their employees.
Their sustainability program also extends to their clients, as they provide legal advice on sustainable business practices and help them navigate complex environmental regulations.
INCE GORDON DADDS LLP has a team of highly experienced and dedicated lawyers, including key people such as the Managing Partner, Jeremy Lowe, and the Head of Sustainability, Elizabeth Sloane. They work closely with clients to provide tailored solutions and achieve their business goals.
The firm can be contacted through their website, www.incegd.com, where clients can find information about their services and expertise. Their registered office address is located at 1 Finsbury Circus, London, EC2M 7SH, United Kingdom.
In summary, INCE GORDON DADDS LLP is a reputable law firm that not only offers exceptional legal services but also prioritizes sustainability in all aspects of their business. With their experienced team and commitment to sustainability, they continue to be a trusted and reliable partner for their clients.
