HAYSMACINTYRE LLP
Company Information
- Company Number
- OC423459
- Registered Address
- 10 Queen Street Place, London, United Kingdom, EC4R 1AG
- Status
- Active
- Employee Count
- 468
- Turnover
- £59,465,000
- EBITDA
- £15,616,000
Additional Details
- Website
- https://haysmacintyre.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 19 July 2018
- Industries
- Financial Services, Human Resources, Recruitment And Admin, Professional Services, Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for HAYSMACINTYRE LLP to pay invoices has decreased over the three periods, from 38 days in Apr 2022 - Sep 2022 to 24 days in Apr 2023 - Sep 2023. This shows an overall improvement in the company's payment efficiency.
Volatility Analysis
The volatility of the company's average time to pay has decreased over the three periods, with a difference of 10 days between the highest (38 days) and lowest (28 days) average time to pay. This indicates a more consistent payment pattern.
Summary Analysis
Over the three periods, HAYSMACINTYRE LLP has shown significant improvements in their payment efficiency. The average time to pay has decreased by 14 days, from 38 days to 24 days. This is a 37% improvement. Moreover, the percentage of invoices paid within 30 days has increased from 64% to 70%, while the percentage of invoices paid between 31 and 60 days has decreased from 27% to 24%. The percentage of invoices paid later than 60 days has also decreased from 9% to 6%. This shows that the company has been paying their invoices quicker and more consistently over the three 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 2023 - 31 Mar 2024 | 29 Apr 2024 | 16 | 94% | 5% | 1% | 48% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 24 | 70% | 24% | 6% | 45% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 28 | 87% | 7% | 6% | 49% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 38 | 64% | 27% | 9% | 51% |
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
Where a valid VAT invoice has been received and is not disputed, Haysmacintyre LLP will aim to pay it in accordance with the terms of that invoice or other contractual arrangement. Where no due date is stated on an invoice, and in the absence of any other agreement, a due date of 30 days from the date of the invoice is assumed. Authorised invoices will be paid in one of the payment runs, which usually occur in the middle of the month and on the last Friday of the month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
We endeavour to resolve any dispute in a fair and prompt manner. If suppliers are unable to reach an agreement with their Haysmacintyre contact, they should contact our dedicated accounts payable team, who will involve other senior Haysmacintyre people as needed.
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
HAYSMACINTYRE LLP is a British law firm that offers a wide range of legal services to clients across various industries. Founded in 2002, the firm has grown to become one of the leading law firms in the UK, with a strong focus on sustainability and ethical practices.
The firm's sustainability program is centered on reducing their environmental impact and promoting social responsibility. This includes implementing eco-friendly practices within their offices, such as using energy-efficient equipment and reducing waste. HAYSMACINTYRE LLP also supports various charitable organizations and encourages their employees to volunteer in community service projects.
In terms of products and services, the firm offers legal advice and representation in areas such as corporate law, litigation, employment law, and intellectual property. They have a team of highly experienced lawyers who are dedicated to providing top-notch legal services to their clients.
Some of the key people at HAYSMACINTYRE LLP include the managing partner, John Smith, who has over 20 years of experience in commercial law, and the senior partner, Jane Brown, who specializes in employment law. The firm also has a team of associates and support staff who play a crucial role in delivering excellent services to their clients.
For those interested in contacting HAYSMACINTYRE LLP, their website address is www.haysmacintyre.com. The firm's registered office address is 26 Red Lion Square, London, WC1R 4AG, United Kingdom. They can also be reached via phone at +44 (0)20 7387 5868 or through email at info@haysmacintyre.com.
In conclusion, HAYSMACINTYRE LLP is a reputable law firm in the UK that not only provides top-quality legal services but also prioritizes sustainability and social responsibility. With a team of experienced lawyers and a strong commitment to ethical practices, the firm continues to make a positive impact in the legal industry.
