BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED
Company number: 05094078
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 20 January 2021
and approved by Margaret Smith
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 34%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 39 %
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
n/a
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