MACFARLANES LLP
Company number: OC334406
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
28 October 2025
Approved by:
Luke Powell
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: 59 days
Total value paid:
- within 30 days: £18,578,026 (40%)
- in 31 to 60 days: £11,774,805 (25%)
- in 61 days or more: £16,115,410 (35%)
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 28%
- in 61 days or more: 26%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,397,703
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The standard payment terms for the acquisition of goods and services are net monthly. If the standard payment terms of our suppliers vary from this then we will endeavour to adhere to them.
A significant proportion of the firm’s suppliers provide services that are charged directly to the firm’s clients as disbursements. These client disbursement invoices are paid on receipt of payment from the client.
The average time taken to make payments in the reporting period for non-client contracts, so excluding disbursements paid on receipt from clients, is 32 days.
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
31 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In case of disagreement concerning the quantity or quality of goods or services supplied, Macfarlanes and the supplier will negotiate a solution, equitable to both parties.
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