---
title: "TRUE POTENTIAL ADMINISTRATION LLP - Payment Practices"
date: 2026-01-30
url: https://paymentcheck.co.uk/company-search/OC426081/true-potential-administration-llp
description: "View payment practices for TRUE POTENTIAL ADMINISTRATION LLP. Average time to pay: 18 days."
---

# TRUE POTENTIAL ADMINISTRATION LLP

## Company Information

- **Company Number:** OC426081
- **Status:** Active
- **Company Type:** Limited liability partnership
- **Incorporated:** 18 February 2019
- **Registered Address:** Newburn House Gateway West, Newburn Riverside, Newcastle Upon Tyne, Tyne And Wear, United Kingdom, NE15 8NX
- **Industry:** Not available
- **Region:** North East

## Payment Statistics

- **Average Time to Pay:** 18 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 ADMINISTRATION LLP is a limited liability partnership operating within the financial services sector, specialising in administrative functions that support wealth management and investment services. The business forms part of the True Potential group, providing dedicated administrative infrastructure under the LLP structure.

The company is registered in England and Wales under company number OC426081 and maintains its registered office at Newburn House Gateway West, Newburn Riverside, Newcastle Upon Tyne, Tyne And Wear, NE15 8NX. Incorporated on 18 February 2019, the organisation is based in the North East of England and holds active status on the Companies House register.

Administration LLPs of this nature in the UK market typically provide back-office and operational support services, including client account management, compliance administration, and the processing of financial transactions. These functions are essential to the smooth running of wealth management and financial advisory businesses, ensuring regulatory obligations are met and client records are maintained accurately.

As a limited liability partnership, TRUE POTENTIAL ADMINISTRATION LLP benefits from a flexible governance structure that combines the operational advantages of a partnership with defined liability protections for its members, a format commonly adopted by professional services organisations across the United Kingdom.

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