GRANT THORNTON SERVICES LLP
Company Information
- Company Number
- OC307863
- Registered Address
- 30 Finsbury Square, London, England, EC2A 1AG
- Status
- Active
- Employee Count
- 547.0
- Turnover
- 66636000.0
- EBITDA
- 12275000.0
Additional Details
- Website
- https://grantthornton.com.kw
- Company Type
- Limited liability partnership
- Incorporated On
- 5 May 2004
- Industries
- Professional Services
- Region
- London
Company Location
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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 | 27 | 85% | 10% | 5% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 25 | 82% | 18% | 0% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 25 | 90% | 10% | 0% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 26 | 82% | 16% | 2% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 26 | 82% | 16% | 2% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 20 | 90% | 9% | 1% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 14 | 96% | 4% | 0% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 86% | 10% | 4% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 25 | 80% | 16% | 4% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 80% | 16% | 4% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 25 | 78% | 19% | 3% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 25 | 79% | 16% | 5% | 21% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 24 | 80% | 16% | 4% | 20% |
Company Summary
Grant Thornton Services LLP is a leading global professional services firm that provides a wide range of audit, tax, and advisory services to clients all over the world
The company is committed to sustainability and has a comprehensive sustainability program in place to ensure that their operations are environmentally and socially responsible
The company offers a wide range of services including financial auditing, tax planning and compliance, business consulting, and risk management
They also have a dedicated team that specializes in sustainability and offers services such as sustainability reporting, carbon footprint calculation, and environmental impact assessments
Grant Thornton Services LLP is led by a team of experienced professionals, including CEO Dave Dunckley, who has been with the company for over 30 years
The company has a strong global presence with offices in over 135 countries and employs over 56,000 people worldwide
The company's sustainability program focuses on reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities
They have set ambitious targets to reduce their carbon emissions and have implemented various initiatives such as using renewable energy sources, promoting telecommuting, and reducing paper usage
In addition to their sustainability efforts, Grant Thornton Services LLP is also committed to promoting ethical and responsible business practices
They have a code of conduct in place and regularly conduct training and awareness programs for their employees
The company's website, www.grantthornton.com, provides detailed information about their services and sustainability program
Their registered office address is Grant Thornton Services LLP, 30 Finsbury Square, London EC2A 1AG, United Kingdom
In summary, Grant Thornton Services LLP is a leading professional services firm with a strong commitment to sustainability
Through their comprehensive sustainability program and range of services, they are helping their clients and communities to build a more sustainable future
Company Review
Trend Analysis
The data for Grant Thornton Services LLP shows a consistent trend of paying invoices within 30 days, with a slight increase in the percentage of invoices paid within this timeframe over the years. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has decreased over the years.
Volatility Analysis
The data for Grant Thornton Services LLP shows a low level of volatility in terms of the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there is some volatility in the percentage of invoices paid between 31 and 60 days, with some fluctuations over the years.
Summary Analysis
Between 2017 and 2020, Grant Thornton Services LLP maintained an average time to pay of 25 days, with 80% of invoices paid within 30 days. In 2020, there was a significant improvement in payment times, with the average time to pay decreasing to 20 days and 86% of invoices being paid within 30 days. This trend continued in 2021, with an average time to pay of 20 days and 90% of invoices being paid within 30 days. However, there was a slight increase in the average time to pay in 2022 and 2023, with a return to the previous level of 25 days. The percentage of invoices paid within 30 days remained consistent at 82% in these years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
from invoice date
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
30
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
