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Their own payment-practices filing · gov.uk

Macfarlanes LLP pays suppliers in 66 days on average — 36 days past its stated terms

CRN OC334406 · 18 statutory reports on record · period to 31 Mar 2026

66daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 36 days past the 30-day term they state.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
30 days
Paid outside agreed terms
15% of invoices
Paid after 61+ days
28%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 30 Apr 2026

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

Terms vs reality · their H1 2026 filing

Paid 36 days past their stated terms

The pattern · last 6 of 18 reports

31 → 66 days — slowing down

The read · computed from their figures

Macfarlanes LLP's H1 2026 filing puts their average at 66 days against stated terms of 30 days; 15% of invoices were paid outside agreed terms and 28% took 61 days or longer. Filed 30 Apr 2026.

The direction is slower: from 31 days in H2 2023 to 66 now — 35 days slower across their last 6 reports.

On the latest reported averages: Slower than 95% of large companies reporting.

That is 18 statutory periods on record (earliest H2 2017) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

The standard payment terms for the acquisition of goods and services are net monthly. If the standard payment terms of our suppliers vary from this then we will endeavour to adhere to them. A significant proportion of the firm’s suppliers provide services that are charged directly to the firm’s clients as disbursements. These client disbursement invoices are paid on receipt of payment from the client. The average time taken to make payments in the reporting period for non-client contracts, so excluding disbursements paid on receipt from clients, is 31 days.

Dispute resolution

In case of disagreement concerning the quantity or quality of goods or services supplied, Macfarlanes and the supplier will negotiate a solution, equitable to both parties.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20266615%28%30 Apr 2026
H2 20255910%26%28 Oct 2025
H1 20255814%28%30 Apr 2025
H2 20245316%24%30 Oct 2024
H1 20243311%14%30 May 2024
H2 20233113%4%30 Nov 2023
H1 20233112%9%26 May 2023
H2 20223210%10%21 Nov 2022
H1 2022319%11%1 Jun 2022
H2 2021389%16%30 Nov 2021
H1 2021357%14%26 May 2021
H2 20204533%19%30 Nov 2020
H1 20203310%11%29 May 2020
H2 2019288%8%27 Nov 2019
H1 20193317%11%30 May 2019
H2 20182815%10%29 Nov 2018
H1 20182814%9%31 May 2018
H2 20172514%7%29 Nov 2017

On the public register · Companies House

Company record

Status
Active
Type
Limited Liability Partnership
Incorporated
28 Jan 2008
Registered office
20 CURSITOR STREET, LONDON, EC4A 1LT
0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 66-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 66-day vs a 30-day payment cycle.

≈ £26,000
of invoicing outstanding at any one time on a 66-day cycle — about £14,200 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 · Macfarlanes LLP

Are they getting slower or faster?
Their reported average has moved about 35 days slower over the window (31 → 66 days).
What's their typical pay point?
Their latest filed report puts the average at day 66; across their last 6 reports it ranged 31–66 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.
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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-OC334406 · latest period to 31 Mar 2026

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