SOLICITORS REGULATION AUTHORITY LIMITED
Company number: 12608059
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
10 November 2025
Approved by:
Rob McWilliam
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 4%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
12. Payment
12.1
Payment for Goods received, or Services completed to Our satisfaction, shall be made within 30 days of receipt of a correct, itemised invoice.
12.2
Your invoice must quote the full Purchase Order Number and be addressed as detailed on the front of this Purchase Order.
12.2
We shall not be responsible for any delays in payment arising from failure to comply with these invoicing instructions.
12.2
Payment by Us shall be without prejudice to any rights or remedies available to Us under this Contract, or otherwise, and shall not constitute any binding admission by Us as to the suitability, quantity, quality or fitness for purpose of Goods received or satisfactory performance and completion of the Services by You.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dispute resolution
In the first instance, any disputes regarding payment of orders should be raised with the Accounts Payable team directly.
accountspayable@sra.org.uk (0121 820 2590 Option 1)
If this does not lead to a satisfactory resolution within 5 working days of being raised,
the matter can be escalated to the Transactions Team Leader.
asha.saund@sra.org.uk (0121 820 2590)
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