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Their own payment-practices filing · gov.uk

HVG Law LLP paid suppliers in 55 days on average — 25 days past its stated terms

CRN OC335658 · 12 statutory reports on record · period to 30 Jun 2024

Dated record. The latest report covers a period ending 30 Jun 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
55daysavg time to pay · H1 2024

Their H1 2024 filing put the average 25 days past the 30-day term they state.

Their stated terms
30 days
Paid outside agreed terms
22% of invoices
Paid after 61+ days
21%
Reporting period
1 Jan 2024 – 30 Jun 2024
Source
their gov.uk filing, filed 19 Jul 2024

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

Terms vs reality · their H1 2024 filing

Paid 25 days past their stated terms

The pattern · last 6 of 12 reports

33 → 55 days — slower across the window

The read · computed from their figures

HVG Law LLP's H1 2024 filing put their average at 55 days against stated terms of 30 days; 22% of invoices were paid outside agreed terms and 21% took 61 days or longer. Filed 19 Jul 2024.

The direction is slower: from 33 days in H2 2021 to 55 now — 22 days slower across their last 6 reports.

That is 12 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Dispute resolution

In the event of a dispute between HVG and the supplier a complaint can be raised to the finance department within HVG who will contact the responsible manager. The finance department and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved the supplier shall escalate the dispute to a senior representative of the supplier and the HVG manager shall escalate the dispute to the Board of HVG in order to resolve and settle the dispute between parties within a reasonable time (after consultation with the legal department of HVG). If a settlement cannot be met, the matter may be referred to the court of Rotterdam in the Netherlands, unless parties have agreed otherwise or have indicated another compet

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20245522%21%19 Jul 2024
H2 20235522%21%25 Jan 2024
H1 20235831%26%27 Jul 2023
H2 20225030%34%30 Jan 2023
H1 20223219%14%25 Jul 2022
H2 2021337%15%28 Jan 2022
H1 20212312%6%26 Jul 2021
H2 2020257%8%28 Jan 2021
H1 20202712%21%23 Jul 2020
H2 20192411%3%28 Jan 2020
H1 2019274%6%17 Jul 2019
H2 2018278%5%30 Jan 2019

Illustrative · working-capital arithmetic

What a 55-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 55-day vs a 30-day payment cycle.

≈ £21,500
of invoicing outstanding at any one time on a 55-day cycle — about £9,900 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 · HVG Law LLP

Are they getting slower or faster?
Their reported average has moved about 22 days slower over the window (33 → 55 days).
What's their typical pay point?
Their latest filed report put the average at day 55; across their last 6 reports it ranged 32–58 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-OC335658 · latest period to 30 Jun 2024

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