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Their own payment-practices filing · gov.uk

Kennedys Law LLP pays suppliers in 87 days on average — 27 days past its stated terms

CRN OC353214 · 17 statutory reports on record · period to 31 Oct 2025

87daysavg time to pay · H2 2025

Their H2 2025 filing puts the average 27 days past the 60-day term they state.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
60 days
Paid outside agreed terms
55% of invoices
Paid after 61+ days
45%
Reporting period
1 May 2025 – 31 Oct 2025
Source
their gov.uk filing, filed 25 Nov 2025

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

Terms vs reality · their H2 2025 filing

Paid 27 days past their stated terms

The pattern · last 6 of 17 reports

107 → 87 days — getting faster

The read · computed from their figures

Kennedys Law LLP's H2 2025 filing puts their average at 87 days against stated terms of 60 days; 55% of invoices were paid outside agreed terms and 45% took 61 days or longer. Filed 25 Nov 2025.

The direction is faster: from 107 days in H1 2023 to 87 now — 20 days faster across their last 6 reports.

On the latest reported averages: Slower than 99% of large companies reporting.

That is 17 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

Our standard payment terms are that goods and services will only be paid after any issues or queries have been resolved. All invoices are subject to an approval process within their respective departments and must be authorized before they can be paid. Authorized invoices will be paid net monthly on the weekly supplier payment run, except where different payment terms have been agreed in writing with a supplier. Any agreements for reduced payment terms (less than 30 days) will need prior approval from the CFO or Group Treasurer. The weekly payment run includes all Purchase Ledger invoices that fall due at the time or by the time the next payment run is made. Payment of Counsel and other professional fees which are incurred as part of the services provided to our clients, fall outside t

Dispute resolution

Any payment disputes shall in the first instance be referred to the member of staff managing the contract. If the parties are unable to reach a resolution, it may be referred to the relevant head and, where necessary, the firm's Chief Financial Officer.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20258755%45%25 Nov 2025
H1 20258653%44%29 May 2025
H2 20249258%43%29 Nov 2024
H1 20249653%46%21 May 2024
H2 20239656%56%29 Nov 2023
H1 202310755%63%31 May 2023
H2 202210556%66%30 Nov 2022
H1 202210448%57%27 May 2022
H2 202111543%58%30 Nov 2021
H1 202114640%59%28 May 2021
H2 202012342%68%29 Nov 2020
H1 20209953%63%31 May 2020
H2 20199959%65%29 Nov 2019
H1 201910655%69%31 May 2019
H2 20189971%66%30 Nov 2018
H1 20187174%52%31 May 2018
H2 20176962%52%30 Nov 2017

On the public register · Companies House

Company record

Status
Active
Type
Limited Liability Partnership
Incorporated
15 Mar 2010
Registered office
KENNEDYS, LONDON, EC3M 3BY
4 outstanding charges — secured borrowing registered Accounts due 31 Jan 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 87-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 87-day vs a 60-day payment cycle.

≈ £34,500
of invoicing outstanding at any one time on a 87-day cycle — about £10,600 more than the same account would carry at 60-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 · Kennedys Law LLP

Are they getting slower or faster?
Their reported average has moved about 20 days faster over the window (107 → 87 days).
What's their typical pay point?
Their latest filed report puts the average at day 87; across their last 6 reports it ranged 86–107 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-OC353214 · latest period to 31 Oct 2025

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