BRISTOWS LLP

Company number: OC358808

Reporting period:
1 November 2019 to 30 April 2020

---

This report was filed on 20 May 2020

and approved by Liz Cohen

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 44%
• in 31 to 60 days: 18%
• in 61 days or more: 38%

Invoices due but not paid within agreed terms: 54%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Suppliers are paid 30 days after the date of their invoice, subject to our satisfaction that the goods and services have been properly delivered in accordance with the supplier's obligations. As is the norm with law firms, payment to Counsel and other suppliers of professional services that are incurred on behalf of clients, are paid within two days of our being put in funds by our client, unless agreed otherwise with the supplier

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

Answer not provided

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

N/A

Dispute resolution process

Invoice disputes should be referred, in the first instance, to the individual in the firm who was responsible for procuring the goods or services in question. Should they not be able to resolve the dispute, then it should be referred to the firm's CFO.

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, 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