Their own payment-practices filing · gov.uk

How long does Charles Russell Speechlys LLP take to pay its suppliers?

CRN OC311850 · 16 statutory reports on record · period to 30 Apr 2026

26days

their reported average time to pay suppliers, latest period

Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

On the public register · Companies House

Company record

Status: Active
Type: Limited Liability Partnership
Incorporated: 24 Feb 2005
Registered office: 5 FLEET PLACE, LONDON, EC4M 7RD

0 outstanding charges on the register Accounts due 31 Jan 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–90 days. Reported average: 26.

Stated terms1–90d

+25 days

Reported avg26d

At a glance

The key figures

1–90d

their stated terms

24%

invoices paid outside terms

-3d

faster over the window

±2d

steady pattern

Vs peers · latest reported averages

fasterslower

Faster than 66% of large companies reporting.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 1d

H2 2022H1 2023H1 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 80% 31–60 days 15% 61+ days 5%

The read · computed from their figures

Charles Russell Speechlys LLP has filed 16 statutory payment periods (earliest H2 2017). Their latest report puts the average at 26 days against stated terms of 1–90 days.

The direction is faster: from 29 to 26 days over the window — about 3 days faster.

In the latest period 24% of invoices were paid outside their agreed terms, and 5% landed 61+ days out.

What they tell their suppliers

5% of invoices in dispute

In their own words · from the filing

Standard payment terms

The Firm will only accept liability for goods and / or services delivered upon the issue of an invoice appropriately addressed to the related contact which is aligned to the instruction provided and agreed.

Dispute resolution

Any disputes will be dealt with by the appropriate Business Resource Director and the Finance Department. Any delays in settlement through no fault of the supplier may be escalated to the Chief Finance Officer for further review. Complaints or concerns will be considered by the Partner or Business Support Director most closely involved with the supply. Where this does not result in a resolution that is satisfactory to the supplier, the supplier may escalate the complaint or concern to the firm’s Chief Finance Officer who will endeavor to respond within 30 days.

Other information

Unless specified otherwise, the Firm’s standard terms of settlement are 30 days from the invoice date. The Firm reserves the right to question invoices issued in relation to goods or services provided which are not aligned to the original instruction. Invoices from Barristers and other professionals which the Firm recharges to our clients will be settled when our client has settled our invoices, unless specified otherwise with the supplier. Invoices from Barristers and other professionals are not included in the published statistics for this reason, but are available upon requests.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2026	26	24%	5%	5 Jun 2026
H2 2025	27	24%	5%	17 Mar 2026
H1 2025	30	23%	6%	17 Mar 2026
H1 2024	29	27%	8%	12 Aug 2024
H1 2023	24	20%	5%	26 May 2023
H2 2022	29	19%	7%	9 Jan 2023
H1 2022	34	17%	6%	6 Jun 2022
H2 2021	35	26%	7%	17 Dec 2021
H1 2021	35	37%	5%	21 Jun 2021
H2 2020	38	48%	10%	18 Nov 2020
H1 2020	38	59%	10%	8 Jun 2020
H2 2019	33	47%	10%	8 Jun 2020
H1 2019	31	25%	8%	7 Jun 2019
H2 2018	30	38%	7%	30 Nov 2018
H1 2018	32	20%	10%	18 Jun 2018
H2 2017	34	28%	8%	30 Nov 2017

Working-capital effect

What a 26-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 26-day vs a 1-day payment cycle.

≈ £10,000

of invoicing outstanding at any one time on a 26-day cycle — about £9,900 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?

Their reported average has moved about 3 days faster over the window (29 → 26 days).

What's their typical pay point?

Their latest reports average around day 26, moving within about ±2 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Charles Russell Speechlys LLP (free)

Their next payment report is due ≈ 26 Nov 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-OC311850 · latest period to 30 Apr 2026

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