THG Luxury Limited demonstrates a heavily delayed payment pattern, with 71% of payments taking over 60 days and an average settlement time of 87 days, well beyond standard 30-day terms. Only 2% of payments are made within 30 days, indicating that prompt payment is the exception rather than the norm. The concentration of payments in the 31–60 day (27%) and over-60-day (71%) bands suggests a deeply entrenched slow-payment cycle with no meaningful early-payment activity.
With 77% of payments classified as late, THG Luxury Limited presents a high-risk, low-reliability payment profile that suppliers cannot depend on for consistent cash flow planning. The extreme skew toward the over-60-day bracket indicates this is a systemic behaviour rather than occasional delays, reducing predictability significantly. Suppliers extending standard credit terms to this company should expect routine breaches, making cash flow forecasting difficult and increasing exposure to bad debt risk.
THG Luxury Limited represents a high payment risk, and suppliers should exercise strong caution before extending unsecured credit on standard terms. Recommended risk mitigation measures include requiring advance payment or shorter credit windows (e.g., 14 days), implementing credit limits, and applying late payment charges in line with the Late Payment of Commercial Debts Act. Ongoing trading relationships should be subject to regular credit reviews and tighter contractual payment controls to protect against cash flow disruption.
| 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 2024 - 31 Dec 2024 | 11 Mar 2025 | 87 | 2% | 27% | 71% | 77% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Sept 2024 | 69 | 5% | 49% | 46% | 55% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
THG Luxury's standard payment terms are: Stock: Typically the end of the month after calculating the invoice date + 60 days. Non-stock: 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
Supplier queries and disputes are to be sent to the Accounts Payable department at the following email address: apqueries.luxury@thehutgroup.com. Suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. 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.
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
THG Luxury Limited is a private limited company operating within the luxury goods and services sector. The company forms part of the broader THG (The Hut Group) corporate portfolio, focusing specifically on luxury retail and brand management within the United Kingdom market.
The company is registered in England and Wales under company number 13515580 and maintains its registered office at Icon 1, 7-9 Sunbank Lane, Ringway, Altrincham, WA15 0AF, situated in the North West of England. THG Luxury Limited was incorporated on 16 July 2021 and holds an active trading status.
Businesses operating within the UK luxury sector typically specialise in the curation, distribution, and retail of premium products and brands, which can encompass beauty, fashion, lifestyle, and high-end consumer goods. Such companies provide specialist services including brand development, e-commerce solutions, and luxury retail experiences tailored to discerning consumers.
As an active private limited company, THG Luxury Limited operates within a well-established regulatory framework governed by Companies House, ensuring accountability and transparency in line with UK corporate legislation.