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BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED

Company number: 05094078

Reporting period:
1 January 2019 to 30 June 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 17 July 2019

and approved by Margaret Smith

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 20%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

Unless specified otherwise, our Firm's standard terms of settlement are 30 days from the invoice date. We will only pay liability for goods and/or services delivered upon the issue of invoice appropriately addressed to the related contact.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

Any disputes will be dealt with by the appropriate Business manager and the accounts team. Any delays in settlement through no fault of the supplier may be escalated to the Chief Finance Office for further review.

Dispute resolution process

Any disputes will be dealt with by the appropriate Business manager and the accounts team. Any delays in settlement through no fault of the supplier may be escalated to the Chief Finance Office for further review.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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