BEVAN BRITTAN LLP
Company number: OC309219
Reporting period:
1 May 2021 to 31 October 2021
Report filed on:
22 December 2021
Approved by:
Nick Hodgson
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 7%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The most commonly used terms are 30 days. Invoices are authorised by the department head that procured the goods or services. Trade invoices are paid when due through weekly payment runs. In line with standard regulatory guidance for law firms, payment to suppliers of some client matter disbursement costs including counsels fees are made by the firm within 2 working days of the receipt of payment from clients for those costs, unless agreed otherwise with the supplier
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
Any queries relating to payment of invoices should first be sent to the Purchase Ledger Team.
For disputed invoices, the supplier should liaise with the person who procured the goods or services to resolve any dispute or complaint.
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