TT GAMES LIMITED
Company Information
- Company Number
- 05340126
- Registered Address
- Warner House, 98 Theobalds Road, London, WC1X 8WB
- Status
- Active
- Employee Count
- 22.0
- Turnover
- 424874000.0
- EBITDA
- 144446000.0
Additional Details
- Website
- https://www.ttgames.com/
- Company Type
- Private limited Company
- Incorporated On
- 24 January 2005
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- London
Company Location
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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 | 06 Feb 2024 | 32 | 62% | 26% | 12% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 29 | 64% | 31% | 5% | 51% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 30 | 61% | 34% | 5% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 27 | 69% | 25% | 6% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 21 | 80% | 17% | 3% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 22 | 76% | 20% | 4% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 24 | 78% | 15% | 7% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 67% | 23% | 10% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 26 | 77% | 14% | 9% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 19 | 88% | 11% | 1% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 22 | 77% | 21% | 2% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 77% | 22% | 1% | 34% |
Company Summary
TT Games Limited is a British video game developer and publisher founded in 2005
They are known for creating popular games such as the LEGO series, including LEGO Star Wars and LEGO Harry Potter
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have partnered with organizations such as Carbon Trust to measure and reduce their carbon footprint
They also use sustainable packaging materials and aim to minimize waste in their operations
TT Games Limited offers a wide range of products and services, including console, mobile, and PC games
They have a strong focus on family-friendly games and have collaborated with major entertainment franchises such as Disney, Marvel, and DC Comics
The company is led by key people such as Tom Stone, the Managing Director, and Jonathan Smith, the Head of Production
They have a team of over 400 employees working at their main office in Knutsford, Cheshire
For any inquiries or information, TT Games Limited can be contacted through their website, which also includes job opportunities and news updates
Their registered office address is 2nd Floor, 84 Eccleston Square, London, SW1V 1PX, United Kingdom
In summary, TT Games Limited is a successful British video game company that is committed to sustainability and offers a variety of family-friendly games
Their team of experienced professionals and dedication to reducing their environmental impact make them a leading player in the gaming industry
Company Review
Trend Analysis
The average time taken for TT GAMES LIMITED to pay invoices has increased over the past three periods from 2018 to 2023. In 2018, the average time was 20 days, which increased to 22 days in 2019 and then to 26 days in 2020. This trend continued in 2021 with an average time of 27 days and in 2022 with an average time of 30 days. However, in 2023, there was a slight decrease to 29 days.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has remained relatively stable over the past three periods, ranging from 77% to 80%. The percentage of invoices paid between 31 and 60 days has also remained stable, ranging from 11% to 26%. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 1% in 2018 to 12% in 2023. The percentage of invoices not paid within agreed terms has also increased from 14% in 2019 to 51% in 2023.
Summary Analysis
Between 2018 and 2023, there has been an overall increase in the average time taken for TT GAMES LIMITED to pay invoices. However, there was a slight decrease in 2023.
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
