THG SHARED SERVICES LIMITED
Company Information
- Company Number
- 13515579
- Registered Address
- Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 July 2021
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The overwhelming trend for THG SHARED SERVICES LIMITED is significantly delayed payments, with an average payment time of 96 days. A substantial 75% of invoices are paid over 60 days, clearly indicating a consistent pattern of extended payment cycles. This trajectory suggests a company that routinely operates with very long payment terms, making quick payments highly infrequent.
Volatility Analysis
Payment reliability from THG SHARED SERVICES LIMITED is very low, with only 10% of invoices settled within 30 days. The high proportion of payments extending beyond 60 days (75%) coupled with a 61% late payment rate signifies high unpredictability and significant cash flow risk for suppliers. This erratic payment behavior suggests that timely payment cannot be reliably expected.
Summary Analysis
Given the average 96-day payment cycle and the fact that 75% of payments exceed 60 days, THG SHARED SERVICES LIMITED poses a high payment risk. Suppliers should proceed with caution, factoring in substantial delays and potential working capital strain. Mitigation strategies could include requesting upfront payments, negotiating shorter, strictly enforced payment terms, or adjusting pricing to cover financing costs associated with extended delays.
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 Jan 2025 - 30 Jun 2025 | 15 Aug 2025 | 96 | 10% | 15% | 75% | 61% |
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
THG Shared Services' standard payment terms are: Typically the end of the month after calculating the invoice date + 60 days. The Company works flexibly with suppliers to ensure agreed terms are acceptable for both parties.
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
Supplier queries and disputes are to be sent to the Accounts Payable department at the following email addresses: Stock - APSupplierServices@thehutgroup.com, Non-stock - OHinvoices@thehutgroup.com. Stock suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. Non-stock suppliers’ queries and disputes are dealt with by a dedicated ‘Overheads’ team. Emails are usually responded to within two working days. If disputes cannot be resolved by the Accounts Payable department they are escalated within the business as appropriate.
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.
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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.
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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.
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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?
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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
THG SHARED SERVICES LIMITED is an active private limited company that provides shared services
This type of organisation typically specialises in centralising essential operational functions to support a larger group of entities
The company was incorporated on 16 July 2021, holding company number 13515579
Its registered office is located at Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF, within the North West region
In the UK market, companies offering shared services commonly provide centralised support in areas such as human resources, information technology, finance, procurement, and administrative functions
These services aim to improve efficiency and standardisation across an organisation or group
