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Their own payment-practices filing · gov.uk

Malcolm Hollis LLP paid suppliers in 48 days on average — 18 days past its stated terms

CRN OC314362 · 2 statutory reports on record · period to 30 Sept 2021

Dated record. The latest report covers a period ending 30 Sept 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
48daysavg time to pay · H2 2021

Their H2 2021 filing put the average 18 days past the 30-day term they state.

Their stated terms
30 days
Paid outside agreed terms
70% of invoices
Paid after 61+ days
26%
Reporting period
1 May 2021 – 30 Sept 2021
Source
their gov.uk filing, filed 24 Nov 2021

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

Terms vs reality · their H2 2021 filing

Paid 18 days past their stated terms

The read · computed from their figures

Malcolm Hollis LLP's H2 2021 filing put their average at 48 days against stated terms of 30 days; 70% of invoices were paid outside agreed terms and 26% took 61 days or longer. Filed 24 Nov 2021.

That is 2 statutory periods on record (earliest H1 2021) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

In January 2021 Hollis adopted a 30 day standard payment period for its payment terms in compliance with the public contract regulations 2015 and in support of a public tender.

Dispute resolution

If any claim or dispute arises under or in connection with these payment terms, the Parties will attempt to settle such claim or dispute by negotiation in accordance with the procedure set out in this clause 4. 4.1.1. Either Party may serve upon the other written notice referring a dispute arising under payment terms for resolution in accordance with this clause 4. 4.1.2. The Parties shall use commercially reasonable efforts to raise any disputes before any invoices relating to the goods or services in dispute become due. 4.1.3. A representative of each party shall meet in good faith within 15 business days of the notice referred to in clause 4.1.1 to resolve the dispute. 4.1.4. Nothing in this clause 4 shall prevent a Party from applying to any court of competent jurisdiction for

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20214870%26%24 Nov 2021
H1 20214743%21%28 May 2021

Illustrative · working-capital arithmetic

What a 48-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 48-day vs a 30-day payment cycle.

≈ £19,000
of invoicing outstanding at any one time on a 48-day cycle — about £7,100 more than the same account would carry at 30-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · Malcolm Hollis LLP

What's their typical pay point?
Their latest reports averaged around day 48. 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.
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-OC314362 · latest period to 30 Sept 2021

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