TT GAMES STUDIOS LIMITED

Company Information

Company Number
03149992
Registered Address
Warner House, 98 Theobalds Road, London, WC1X 8WB
Status
Active
Employee Count
406.0
Turnover
104736000.0
EBITDA
-16225000.0

Additional Details

Company Type
Private limited Company
Incorporated On
23 January 1996
Nature of Business
62090 - Other information technology service activities
Industries
Creative,Media And Publishing,Lifestyle And Entertainment
Region
London

Company Location

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Financial Metrics

Cash
£5,285,841.00
Net Worth
£17,683,351.00
Total Current Assets
£62,851,944.00
Total Current Liabilities
£46,148,621.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-06

Time to Pay

Average Time to Pay
41 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
40%
31-60 Days
46%
After 60 Days
14%
Not Paid Within Terms33%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202306 Feb 20244140%46%14%33%
01 Jan 2023 - 30 Jun 202313 Jul 20233647%41%12%29%
01 Jul 2022 - 31 Dec 202227 Jan 20233650%39%11%11%
01 Jan 2022 - 30 Jun 202229 Jul 20223843%46%11%11%
01 Jul 2021 - 31 Dec 202129 Jan 20223353%42%5%18%
01 Jan 2021 - 30 Jun 202130 Jul 20214138%47%15%22%
01 Jul 2020 - 31 Dec 202029 Jan 20214628%57%15%26%
01 Jan 2020 - 30 Jun 202030 Jul 20203545%43%12%21%
01 Jul 2019 - 31 Dec 201929 Jan 20203154%43%3%12%
01 Jan 2019 - 30 Jun 201929 Jul 20192765%33%2%8%
01 Jul 2018 - 31 Dec 201829 Jan 20192867%31%2%20%
01 Jan 2018 - 30 Jun 201830 Jul 20182764%35%1%20%

Company Summary

TT Games Studios Limited is a British video game developer and publisher, founded in 2005

The company is best known for creating popular LEGO-themed video games, such as LEGO Star Wars and LEGO Batman

Their main focus is on developing family-friendly, humor-filled games

The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact

They have achieved a zero-waste-to-landfill status at their headquarters in Maidenhead, UK, and have also reduced their carbon emissions by investing in renewable energy sources

TT Games Studios Limited offers a wide range of products and services, including game development, publishing, and licensing

They have a strong partnership with LEGO and have also collaborated with major entertainment companies such as Disney and Warner Bros

Their games are available on various platforms, including PlayStation, Xbox, and Nintendo

The key people at TT Games Studios Limited include Jonathan Smith, the head of production, and Tom Stone, the managing director

Together, they lead a team of talented developers, designers, and artists to create innovative and entertaining games

For any inquiries, the company can be contacted through their website at www.ttgames.com

Their registered office address is 5th Floor, 116-118 Chancery Lane, London, WC2A 1PP, UK

TT Games Studios Limited is a subsidiary of Warner Bros

Interactive Entertainment and is part of the larger TT Games Group

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The company’s standard terms and conditions provide for payment to be made within sixty (60) days of the later of the date: (a) on which the company receives supplier's invoice; or (b) the goods are accepted or the performance of the services is completed. Notwithstanding the standard payment terms described above, the company may agree different payment terms with individual suppliers on a case-by-case basis and as appropriate. Shorter payment terms than the standard have been agreed with respect to various contracts within the reporting period.

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

60

Dispute Resolution Process

The company's goal is to resolve disputes fairly, quickly and amicably, and suppliers are encouraged to communicate with their usual business contact(s) in respect of any concerns as a first step. Disputes in respect of a contract that cannot be resolved through discussion between the company and a supplier as above are, under the company’s standard terms and conditions, ultimately subject to the jurisdiction of the English courts.

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