Their own payment-practices filing · gov.uk

How long does Mishcon De Reya LLP take to pay its suppliers?

CRN OC399969 · 13 statutory reports on record · period to 30 Sept 2023

52days

their reported average time to pay suppliers, latest period

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

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

Dated record. The latest report covers a period ending 30 Sept 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Limited Liability Partnership
Incorporated: 18 May 2015
Registered office: AFRICA HOUSE, LONDON, WC2B 6AH

0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 30 days. Reported average: 52.

Stated terms30d

+22 days

Reported avg52d

At a glance

The key figures

30d

their stated terms

53%

invoices paid outside terms

-6d

faster over the window

±2d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 85% of large companies reporting.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 30d

H1 2021H2 2021H1 2022H2 2022H1 2023H2 2023

Where their supplier invoices land · latest period

within 30 days 49% 31–60 days 22% 61+ days 28%

The read · computed from their figures

Mishcon De Reya LLP has filed 13 statutory payment periods (earliest H2 2017). Their latest report puts the average at 52 days against stated terms of 30 days.

The direction is faster: from 58 to 52 days over the window — about 6 days faster.

In the latest period 53% of invoices were paid outside their agreed terms, and 28% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Mishcon shall pay the charges for trade suppliers within 30 days of receipt of an accurate and valid VAT Invoice, unless agreedotherwise with a trade supplier. Mishcon shall only be obliged to make payment where Mishcon is satisfied that the work has beenperformed in accordance with agreement with the supplier. The business' standard terms relating to payment for suppliers of disbursement and counsel services are 2 business days from receipt of the payment of these costs from our clients, unless agreed otherwise with the supplier.

Dispute resolution

If there is a disagreement, Mishcon and the supplier shall negotiate and settle the disagreement. If there is no settlement within 10business days, nominated representatives of both parties shall meet to try to resolve the matter. If the matter is not resolved within 20business days (or longer as agreed by the parties), the matter may be referred to a meeting between the managing partner and managing director of both parties. If any such meeting fails to result in a settlement within 20 business days of such referral the matter may be referred to the courts

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2023	52	53%	28%	31 Oct 2023
H1 2023	51	47%	26%	3 May 2023
H2 2022	50	51%	27%	25 Oct 2022
H1 2022	49	53%	25%	27 Apr 2022
H2 2021	53	54%	27%	11 Oct 2021
H1 2021	58	58%	28%	13 Apr 2021
H2 2020	59	62%	28%	21 Oct 2020
H1 2020	51	43%	28%	4 May 2020
H2 2019	43	43%	24%	15 Oct 2019
H1 2019	44	40%	22%	3 May 2019
H2 2018	40	36%	20%	2 Nov 2018
H1 2018	42	35%	22%	3 May 2018
H2 2017	44	35%	22%	8 Nov 2017

Working-capital effect

What a 52-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 52-day vs a 30-day payment cycle.

≈ £20,500

of invoicing outstanding at any one time on a 52-day cycle — about £8,700 more than the same account would carry at 30-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 6 days faster over the window (58 → 52 days).

What's their typical pay point?

Their latest reports average around day 52, 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 Mishcon De Reya LLP (free)

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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-OC399969 · latest period to 30 Sept 2023

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