GRANT THORNTON UK LLP
Company Information
- Company Number
- OC307742
- Registered Address
- 30 Finsbury Square, London, England, EC2A 1AG
- Status
- Active
- Employee Count
- 5336.0
- Turnover
- 653500000.0
- EBITDA
- 162000000.0
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 24 April 2004
- Industries
- Financial Services
- Region
- London
Company Location
Loading map...
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 | 31 Jan 2024 | 31 | 71% | 19% | 10% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 32 | 69% | 22% | 9% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 33 | 67% | 18% | 15% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 36 | 65% | 16% | 19% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 36 | 65% | 16% | 19% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 36 | 64% | 17% | 19% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 44 | 58% | 18% | 24% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 43 | 55% | 22% | 23% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 55 | 55% | 15% | 30% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 58 | 51% | 17% | 32% | 49% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 57% | 22% | 21% | 43% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 43 | 64% | 20% | 16% | 36% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 39 | 65% | 22% | 13% | 35% |
Company Summary
Grant Thornton UK LLP is a leading professional services firm that provides audit, tax, advisory, and accounting services to a wide range of clients
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact and promote social responsibility
Their sustainability program focuses on four key areas: reducing carbon footprint, promoting diversity and inclusion, supporting local communities, and ethical business practices
They have set targets to reduce their carbon emissions and have implemented energy-efficient practices in their offices
Additionally, they have established a Diversity and Inclusion Advisory Board to promote diversity and equality within the company and in the wider business community
Grant Thornton also supports various community projects and charities through their Corporate Social Responsibility program
In terms of products and services, Grant Thornton offers a range of services to help businesses grow and succeed
This includes audit and assurance, tax planning and compliance, advisory services for mergers and acquisitions, and accounting and financial reporting
They also have specialized services for specific industries such as financial services, real estate, and technology
The company has a team of highly skilled professionals, including partners and directors, who have extensive experience in their respective fields
Some key people in the company include Dave Munton, the Head of Tax, and Annette Brennan, the Head of Audit
The registered office address of Grant Thornton UK LLP is Grant Thornton House, Melton Street, Euston Square, London, NW1 2EP
Their website address is www.grantthornton.co.uk, where you can find more information about their services, sustainability initiatives, and contact details
Overall, Grant Thornton UK LLP is a reputable and responsible professional services firm that is committed to helping businesses thrive while promoting sustainability and social responsibility
Company Review
Trend Analysis
The average time taken for GRANT THORNTON UK LLP to pay invoices has fluctuated over the past three periods, with a decrease in the last two periods.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with only a slight increase in the last two periods. However, there has been a significant increase in the percentage of invoices paid later than 60 days in the last three periods.
Summary Analysis
From Jan 2021 to Jun 2023, GRANT THORNTON UK LLP has shown an overall decrease in the average time taken to pay invoices. The percentage of invoices paid within 30 days has also increased, reaching a peak of 71% in the last period. However, there has also been an increase in the percentage of invoices paid later than 60 days, with a high of 32% in the last period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
from date of invoice
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
90
Dispute Resolution Process
between the internal contact and the supplier these are resolved. Payment and/or credit notes then processed on agreement.
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
