The data shows a consistent trend for GRANT THORNTON CONTRACTS LLP in terms of the average time taken to pay invoices to suppliers. From 2017 to 2023, there has been a slight increase in the average time taken to pay, with a peak in 2023. However, there has been a gradual decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. This suggests that the company has been taking longer to pay its invoices as time goes by.
The data also shows a consistent level of volatility for GRANT THORNTON CONTRACTS LLP. The average time taken to pay and the percentage of invoices paid within 30 days have remained relatively stable over the years, with only minor fluctuations. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days in 2023, indicating a potential issue with timely payments.
For the past three periods, from 2021 to 2023, GRANT THORNTON CONTRACTS LLP has seen a slight increase in the average time taken to pay invoices to suppliers. The percentage of invoices paid within 30 days has decreased by 1.2%, while the percentage of invoices paid later than 60 days has increased by 1.5%. This suggests a potential issue with timely payments for the company.
| 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 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | |||||
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 |
Grant Thornton Contracts LLP is a registered entity within the Grant Thornton UK group, based at the group's London office. Grant Thornton itself is one of the world's largest professional services networks of independent accounting and consulting member firms, providing assurance, tax and advisory services to privately held businesses, public interest entities and public sector organisations across the UK. The wider group employs over 5,000 people in the UK across 23 offices, offering services spanning audit, tax, advisory, restructuring, forensic investigation and consulting. This particular LLP forms part of that corporate structure rather than being a separate trading or client-facing business in its own right.
Generated from the company's website and Companies House records. Sources: grant-thornton.co.uk