The average time taken for THT AND L&Q DEVELOPMENTS LLP to pay invoices has fluctuated over the past three periods, with a slight decrease observed in the latest period.
The volatility in the percentage of invoices paid within 30 days has been relatively stable over the past three periods, with a slight increase observed in the latest period.
| 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 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 79 | 38% | 23% | 39% | 49% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 61 | 41% | 22% | 37% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
THT and L&Q Developments LLP's standard payment terms is to make payment within 30 days from receipt of a valid invoice. Subcontractor suppliers are paid in line with their contract, which may be more quickly.
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
60
THT & L&Q Developments LLP aims to resolve all disputes promptly. This will normally be by contacting the supplier and resolving any issues.
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
THT AND LQ DEVELOPMENTS LLP is an active limited liability partnership, incorporated on 20 January 2017, based in the North West region.
From Companies House records.