THOUGHTWORKS, LTD

PaymentCheck Score 2025
87Good
0.6vs last year
#1076 in UK
#21 in Software
#485 in London

Company Information

Company Number
04091535
Registered Address
76-78 Wardour Street, London, W1F 0UR
Status
Active
Employee Count
473
Turnover
£110,470,000
EBITDA
-£3,171,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 October 2000
Nature of Business
62012 - Business and domestic software development
62020 - Information technology consultancy activities
62090 - Other information technology service activities
Industries
Software
Region
London

Time to Pay

Average Time to Pay
23 days
Shortest Period:1 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
79%
31-60 Days
16%
After 60 Days
5%
Not Paid Within Terms31%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
30 Jun 2025 - 01 Jul 202504 Sept 20252082%10%8%16%
01 Jul 2024 - 31 Dec 202430 Jan 20252379%16%5%31%
01 Jan 2024 - 30 Jun 202413 Dec 20242194%3%3%21%
01 Jul 2023 - 31 Dec 202326 Feb 20242094%5%1%17%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

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

Payment Terms

Standard payment terms

30days

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

Vendor follow up and if that is unsuccessful then involve internal legal teams to pursue a more formal processif required. Preferred approach is to come to an amicable resolution as opposed to legal proceedings.

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

Company Summary

ThoughtWorks, Ltd is a global software consultancy company that provides digital transformation solutions to its clients. Founded in 1993, the company has offices in more than 40 cities around the world, including London, United Kingdom.

As part of their sustainability program, ThoughtWorks, Ltd focuses on reducing their carbon footprint and promoting environmentally-friendly practices. They have implemented initiatives such as using renewable energy sources, reducing paper usage, and encouraging their employees to commute using public transport.

The company offers a wide range of products and services, including software development, data analytics, digital strategy, and user experience design. They also have a strong focus on agile and lean methodologies, helping their clients to deliver high-quality software at a faster pace.

One of the key people at ThoughtWorks, Ltd is their CEO, Guo Xiao. He has been with the company since 2005 and has played a crucial role in expanding its global reach and establishing it as a leader in the software consultancy industry.

To contact ThoughtWorks, Ltd, individuals can visit their website at www.thoughtworks.com or reach out to their registered office at 76-78 Wardour Street, London, W1F 0UR, United Kingdom. With their commitment to sustainability and expertise in digital transformation solutions, ThoughtWorks, Ltd continues to be a trusted partner for businesses looking to thrive in the digital age.

Financial Metrics

Cash
£17,511,565
Net Worth
£32,721,128
Total Current Assets
£51,187,275
Total Current Liabilities
£33,341,351

Company Location