The average time to pay for HAWTHORN LEISURE HOLDINGS LIMITED has been fluctuating over the past three periods, with a slight increase from 42.5 days in May 2022 to 45.4 days in November 2022. However, there was a significant decrease in the percentage of invoices paid within 30 days, dropping from 69.8% in May 2022 to 55.6% in November 2022. This may indicate a potential issue with timely payments to suppliers.
The volatility of HAWTHORN LEISURE HOLDINGS LIMITED's payment process can be seen in the changing percentages of invoices paid within 30 days and later than 60 days. In May 2022, 69.8% of invoices were paid within 30 days, while in November 2022, only 55.6% were paid within 30 days. In contrast, the percentage of invoices paid later than 60 days increased from 9.8% in May 2022 to 15.1% in November 2022.
Overall, HAWTHORN LEISURE HOLDINGS LIMITED's average time to pay has increased from 42.5 days in May 2022 to 45.4 days in November 2022. However, the most significant change is in the percentage of invoices paid within 30 days, which dropped from 69.8% to 55.6%. This may be a concern for the company's payment process and potential relationships with suppliers.
| 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 |
|---|---|---|---|---|---|---|
| 30 Nov 2022 - 28 May 2023 | 26 Jun 2023 |
HAWTHORN LEISURE HOLDINGS LIMITED is an active private limited company, incorporated on 21 February 2014, based in the North West region. Registered business activity: Activities of other holding companies not elsewhere classified.
From Companies House records.