WOMBLE BOND DICKINSON (UK) LLP
Company number: OC317661
Reporting period:
1 November 2022 to 30 April 2023
Report filed on:
5 May 2023
Approved by:
Nick Barwood
Payment statistics
Average time taken to pay invoices: 9 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 10%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Invoices received by Accounts Payable in respect of Womble Bond
Dickinson (UK) LLP's own expenses (and those of its subsidiary
Womble Bond Dickinson Wealth Limited) are paid during either the
first working week of the month or the third working week of the
month, whichever is closest to 30 days from receipt of the invoice.
Where the required payment relates to a disbursement (including
Experts and Counsel Fees) incurred on behalf of a client, payment will
be made on the first working day following receipt of funds from our client unless other arrangements have been agreed.
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
90 days
No further comment provided
Any other information about payment terms
Womble Bond Dickinson (UK) LLP's normal payment terms are
explained above and result in the majority of our own supplier
Further remarks invoices being paid within 30 days of invoice delivery.
about your Where we instruct the services of Experts or Counsel on behalf of our
payment terms clients payment will be made as soon as we have ourselves been put
in funds by our client. Thus payment may take longer than 30 days
from receipt of invoice.
Dispute resolution process
Any potential queries should be addressed initially to our representative who originally requested the goods or services to be provided. In addition our Accounts Payable Team can be contacted and will be happy to assist (email accountspayable@wbd-uk.com or
call +44 (0)191 279 9156).
If issues remain unresolved please contact our Head of Financial Control or Chief Financial Officer.
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