EVERSHEDS SUTHERLAND (INTERNATIONAL) LLP
Company number: OC304065
Reporting period:
1 May 2021 to 31 October 2021
Report filed on:
30 November 2021
Approved by:
Keith Froud
Payment statistics
Average time taken to pay invoices: 69 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 15%
- in 61 days or more: 40%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Eversheds Sutherland (International) LLP standard payment terms are 30 days from date of invoice on normal qualifying contracts unless specifically agreed.
A significant exception to this is payment terms on professional disbursements. Professional disbursements are qualifying contracts for specialist professional advice relating to a specific client. Standard industry practice for payment for professional disbursements is once the end client has paid for the advice.
Excluding professional disbursements the average time to pay in days is 24 days and the % of invoices paid between 0 to 30 days is 85%, 31-60 days is 9% and greater than 60 days is 6%
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All issues are handled by the Partner or member of staff that holds the relationship with the supplier
Any resolution is specific to and agreed upon with each supplier
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