LINKLATERS LLP
Company number: OC326345
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
1 July 2026
Approved by:
Christopher Holt
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 36 days
Total value paid:
- within 30 days: £167,431,538 (69%)
- in 31 to 60 days: £47,004,365 (19%)
- in 61 days or more: £26,978,925 (11%)
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 20%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £77,214,588
- payments due in the reporting period which have not been paid within the agreed period: 36%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
4.2 Payment Terms. 4.2.1 Unless otherwise specified in the Statement of Work, invoices for Services (excluding maintenance services) supplied shall be submitted by the Supplier via email monthly in arrears and subject to Clause 4.4 (Disputed Items). Payment of invoices will be made 60 days after the date received by Linklaters Accounts Payable.
Were there any changes to the standard payment terms in the reporting period?
Payment terms were changed from 30 to 60 days in July 2025
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
Yes: 3%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
3% until completion of each section, then 1.5% until 12 months from PC
Is the money released in stages?
Yes:
3% until completion of each section, then 1.5% until 12 months from PC
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
4.5 Dispute Resolution
4.5.1 The parties must resolve any dispute in relation to any aspect of, or failure to agree any matter arising in relation to, this Agreement or any document agreed or contemplated as being agreed pursuant to this Agreement (a “Dispute”) by the parties first attempting to resolve any Dispute informally through discussions between the following individuals:
(i) the Customer’s Representative and the Supplier’s Representative, who shall meet to resolve the Dispute; and
(ii) if the parties specified in Clause 4.5.1(i) above cannot resolve the Dispute unanimously within five Business Days of the Dispute being referred to them then the Dispute shall promptly be referred by either party to the Chief Operating Officer of the Customer and the Chief Operating Officer of the Supplier,
4.5.2 If, within 10 Business Days of the Dispute having been referred to the individuals specified in Clause 4.5.1(ii) no agreement has been reached, the dispute resolution process shall be deemed to have been exhausted in respect of the Dispute, and each party shall be free to pursue the rights granted to it by this Agreement in respect of such Dispute without further reference to the dispute resolution process.
4.5.3 Nothing in this Clause 5.5 Dispute Resolution shall prevent either Party from applying to the court to protect its Intellectual Property Rights or the confidentiality of any of its confidential information.
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.
Yes
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