GRANT THORNTON BUSINESS SERVICES
Company Information
- Company Number
- 01224178
- Registered Address
- 30 Finsbury Square, London, England, EC2A 1AG
- Status
- Active
- Employee Count
- 4736.0
- Turnover
- 352499000.0
- EBITDA
- 19953000.0
Additional Details
- Website
- https://grant-thornton.co.uk
- Company Type
- Private unlimited company
- Incorporated On
- 27 August 1975
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 27 | 85% | 10% | 5% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 25 | 82% | 18% | 0% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 25 | 90% | 10% | 0% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 26 | 82% | 16% | 2% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 26 | 82% | 16% | 2% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 20 | 90% | 9% | 1% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 14 | 96% | 4% | 0% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 86% | 10% | 4% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 25 | 80% | 16% | 4% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 80% | 16% | 4% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 25 | 78% | 19% | 3% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 25 | 79% | 16% | 5% | 21% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 24 | 80% | 16% | 4% | 20% |
Company Summary
Grant Thornton Business Services is a global professional services firm that offers a wide range of services, including audit, tax, advisory, and outsourcing solutions
The company is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote responsible business practices
Their sustainability program includes initiatives such as energy-efficient offices, reducing waste and water consumption, and encouraging employees to use alternative modes of transportation
They also have policies in place to promote diversity and inclusion within the organization
In terms of products and services, Grant Thornton offers a comprehensive range of solutions to help businesses achieve their goals and navigate challenges
This includes financial and risk management, business process outsourcing, IT consulting, and mergers and acquisitions
The key people at Grant Thornton Business Services are its team of experienced professionals, including accountants, tax advisors, and consultants
They are dedicated to providing exceptional service to clients and helping them achieve success
To contact Grant Thornton, you can visit their website at www.grantthornton.co.uk
Their registered office address is 30 Finsbury Square, London, EC2A 1AG, United Kingdom
With its commitment to sustainability and a wide range of services, Grant Thornton Business Services is a trusted partner for businesses looking to grow and thrive
Company Review
Trend Analysis
The average time taken for GRANT THORNTON BUSINESS SERVICES to pay invoices has remained consistent at 25 days for the past three periods, but there was a decrease in 2020 to 20 days and an increase in 2023 to 27 days.
Volatility Analysis
The percentage of invoices paid within 30 days has remained consistent at around 80% for the past three periods, with a slight decrease in 2021 to 82%. The percentage of invoices paid between 31 and 60 days has also remained consistent at around 16%, with a slight increase in 2023 to 18%. The percentage of invoices paid later than 60 days has fluctuated, with the highest percentage being 5% in 2018 and the lowest being 0% in 2020 and 2022. The percentage of invoices not paid within agreed terms has also fluctuated, with the highest being 22% in 2018 and the lowest being 4% in 2020. Finally, the shortest standard payment period has remained consistent at 30 days for all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
between the internal contact and the supplier these are resolved. Payment and/or credit notes then processed on agreement.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
