GOV.UK
DENTONS UK AND MIDDLE EAST LLP
Company number: OC322045
Reporting period:
1 May 2018
to 31 October 2018
This report was filed on 15 November 2018
and approved by Jeremy Cohen
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 12%
- in 61 days or more: 16%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our standard payment terms are as follows: • Goods and services will only be paid for after delivery, and after any issues or queries have been resolved. • Except where different payment terms have been agreed in writing with a supplier, authorised invoices will be paid on the supplier payment run closest to 30 days after the invoice date. Payment of Counsel and other professional fees which are incurred as a part of the services offered to our clients, fall outside the remit of our Standard Payment Terms and shall be settled on a "Paid when Paid" basis in accordance with the SRA Accounts Rule (17.1(b)) and will be paid within 48 working hours of our invoice being settled.
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
Any payment disputes shall in the first instance be referred to the member of staff managing the contract. If the parties are unable to reach a resolution, it may be referred to the relevant department head and, where necessary, the firm's Finance Director or the in house General Counsel.
We aim to resolve disputes within 30 days (or longer as agreed by the parties), from the date the dispute was raised.
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