STEPHENSON HARWOOD SERVICES LIMITED

Company number: 02900722

Reporting period:
1 May 2024 to 31 October 2024

---

This report was filed on 25 November 2024

and approved by Eifion Morris

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

• within 30 days: 18%
• in 31 to 60 days: 51%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 51%

Payment terms

Shortest standard payment periods

42 days

Longest standard payment period

Answer not provided

Standard payment terms

The principal activity of the company is to provide employment services of professional and support staff to Stephenson Harwood LLP, an international law firm that provides legal services in the United Kingdom and internationally. Our standard policy is to pay all invoices within 42 days.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

42 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All invoices in dispute are passed to the appropriate team that requested the goods or services in order for them to resolve the dispute. It may then be referred onto the senior management of the firm if necessary.

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, 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