SIMMONS & SIMMONS LLP
Company number: OC352713
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
26 November 2025
Approved by:
Phil White
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: 20 days
Total value paid:
- within 30 days: £69,207,711 (89%)
- in 31 to 60 days: £3,557,416 (5%)
- in 61 days or more: £4,573,846 (6%)
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 3%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £8,131,262
- payments due in the reporting period which have not been paid within the agreed period: 7%
- 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
Our payment terms on Trade (overheads) are 30 days from date of invoice.
We pay Disbursement suppliers who invoice us for services that we then onward bill our Clients within 5 working days (Pay When Paid terms).
-
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
Where there is any dispute or reason to delay invoice payment, the procurement team will reach back to the supplier to put an invoice/supply in dispute. If accounts payable are asked to withhold a payment to a supplier, the buyer is asked to confirm they will formally dispute that supply with the vendor to avoid miscommunications. Outcomes are either a full or partial credit will be received if a supplier agrees to this after discussing or alternatively, if the invoice(s) are approved by the buyers to be paid in full, any items unpaid and due are queued for payment on agreed terms.
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