---
title: "TRUE POTENTIAL WEALTH MANAGEMENT LLP - Payment Practices"
date: 2026-01-30
url: https://paymentcheck.co.uk/company-search/OC356611/true-potential-wealth-management-llp
description: "View payment practices for TRUE POTENTIAL WEALTH MANAGEMENT LLP. Average time to pay: 17 days."
---

# TRUE POTENTIAL WEALTH MANAGEMENT LLP

## Company Information

- **Company Number:** OC356611
- **Status:** Active
- **Company Type:** Limited liability partnership
- **Incorporated:** 21 July 2010
- **Registered Address:** Newburn House, Newburn Riverside, Newcastle Upon Tyne, NE15 8NX
- **Industry:** Not available
- **Region:** North East

## Payment Statistics

- **Average Time to Pay:** 17 days
- **Invoices Paid Within 30 Days:** 96%
- **Invoices Paid Between 31-60 Days:** 4%
- **Invoices Paid Later Than 60 Days:** Not available%
- **Invoices Not Paid Within Agreed Terms:** 4%

## Payment Terms

- **Standard Payment Terms:** Our default standard payment terms is 30 days. New suppliers are set up in line with terms on the invoice. For this period across the group there were 10 x Immediate ( I/C ) 4 x 10 days, 301 x 7 days, 86 x 14 days, 111 x 21 days, 290 x 30 days 1 x 45 days 0 x 60 days .
- **Shortest Payment Period:** 1 days
- **Longest Payment Period:** 60 days
- **Maximum Contractual Period:** 60 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** False
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

The dispute resolution process is as follows unless otherwise detailed in a relevant agreement. 

Invoices can be returned by invoice approvers via our accounting system (Workday) to the supplier invoice work area complete with comments if to be disputed – this then places the invoice back in draft. The invoice can be placed on hold and then chased / resolved with supplier or returned to the approver via Workday by the purchase ledger team. 

We aim to resolve disputes in a timely manner. This is, however, dependent, in part, on timely responses from the supplier to rectify any issues.

## Summary

True Potential Wealth Management LLP is a wealth management organisation operating as a limited liability partnership in the United Kingdom. The business focuses on wealth management services, as indicated by its registered name, serving clients across the financial planning and investment sector.

The company is registered in England and Wales under company number OC356611 and holds active status on the Companies House register. Incorporated on 21 July 2010, the business is based in the North East of England, with its registered office located at Newburn House, Newburn Riverside, Newcastle Upon Tyne, NE15 8NX.

Wealth management firms of this type in the UK market typically provide a range of financial services to individuals and organisations, including investment planning, portfolio management, retirement planning, and financial advisory services. Such businesses operate within a regulated framework overseen by the Financial Conduct Authority (FCA), ensuring client assets and interests are managed in accordance with UK financial legislation and professional standards.

As a limited liability partnership, the business structure provides its members with the operational flexibility of a partnership whilst affording them protection from personal liability beyond their agreed investment in the firm. This corporate structure is commonly adopted by professional services firms operating in the financial sector across the United Kingdom.

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*Data sourced from official UK government payment practices reports. Last updated: 2026-01-30*