SHOOSMITHS LLP
Company number: OC374987
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
21 October 2025
Approved by:
Kirsten Hewson
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 42 days
Total value paid:
- within 30 days: £43,912,945 (70%)
- in 31 to 60 days: £11,605,321 (19%)
- in 61 days or more: £6,993,693 (11%)
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 17%
- in 61 days or more: 11%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £5,066,685
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
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? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No