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Their own payment-practices filing · gov.uk

Plexus Legal LLP paid suppliers in 53 days on average — within its stated 1–60 day terms

CRN OC416421 · 3 statutory reports on record · period to 30 Sept 2019

Dated record. The latest report covers a period ending 30 Sept 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
53daysavg time to pay · H2 2019

Their H2 2019 filing put the average 52 days past the shortest term they state (1 days), still within their 60-day upper term.

Their stated terms
1–60 days
Paid outside agreed terms
28% of invoices
Paid after 61+ days
11%
Reporting period
1 Apr 2019 – 30 Sept 2019
Source
their gov.uk filing, filed 13 Nov 2019

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

Terms vs reality · their H2 2019 filing

Paid within their stated range — 53 against 1–60 days

The pattern · last 3 of 3 reports

43 → 53 days — slower across the window

The read · computed from their figures

Plexus Legal LLP's H2 2019 filing put their average at 53 days against stated terms of 1–60 days; 28% of invoices were paid outside agreed terms and 11% took 61 days or longer. Filed 13 Nov 2019.

The direction is slower: from 43 days in H2 2018 to 53 now — 10 days slower across their last 3 reports.

That is 3 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Payment terms are agreed with the supplier at point of first instruction. Our standard payment terms would be 30 days from the invoice date unless agreed otherwise.

Dispute resolution

The accounts payable team deal with initial payment disputes, if they cannot rectify the dispute then they escalate to the head of finance.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20195328%11%13 Nov 2019
H1 20194275%8%2 May 2019
H2 20184377%6%26 Nov 2018

On the public register · Companies House

Company record

Status
In Administration/Administrative Receiver
Type
Limited Liability Partnership
Incorporated
16 Mar 2017
Registered office
C/O INTERPATH LTD 4TH FLOOR, LEEDS, LS1 4DP
1 outstanding charge — secured borrowing registered Accounts due 31 Mar 2023

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 53-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 53-day vs a 1-day payment cycle.

≈ £21,000
of invoicing outstanding at any one time on a 53-day cycle — about £20,500 more than the same account would carry at 1-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 · Plexus Legal LLP

Are they getting slower or faster?
Their reported average has moved about 10 days slower over the window (43 → 53 days).
What's their typical pay point?
Their latest filed report put the average at day 53; across their last 3 reports it ranged 42–53 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-OC416421 · latest period to 30 Sept 2019

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