GOV.UK
BURNESS PAULL LLP
Company number: SO300380
Reporting period:
1 August 2017
to 31 January 2018
This report was filed on 23 February 2018
and approved by John Ian Wattie
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 8%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 27 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The most commonly used payment terms are 30 days. Terms other than those are agreed with suppliers on an individual basis.
As with standard practice in other law firms, payments to suppliers of client disbursement costs are made by the firm following 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
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
The individual who requested goods or services is responsible for any initial disputes or queries with suppliers. They are also responsible for advising Accounts Payable that the invoice is in dispute and should be placed on hold. This allows Accounts Payable to provide an explanation if the supplier contacts them about payment.
The individual would escalate the issue to their head of business services for resolution if they had not been able to agree a solution with the 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 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