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Their own payment-practices filing · gov.uk

THG Luxury Limited paid suppliers in 87 days on average — 27 days past its stated terms

CRN 13515580 · Financial services · 2 statutory reports on record · period to 31 Dec 2024

Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
87daysavg time to pay · H2 2024

Their H2 2024 filing put the average 27 days past the 60-day term they state.

Their stated terms
60 days
Paid outside agreed terms
77% of invoices
Paid after 61+ days
71%
Reporting period
1 Jul 2024 – 31 Dec 2024
Source
their gov.uk filing, filed 11 Mar 2025

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2024 filing

Paid 27 days past their stated terms

The read · computed from their figures

THG Luxury Limited's H2 2024 filing put their average at 87 days against stated terms of 60 days; 77% of invoices were paid outside agreed terms and 71% took 61 days or longer. Filed 11 Mar 2025.

That is 2 statutory periods on record (earliest H1 2024) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

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.

Dispute resolution

Supplier queries and disputes are to be sent to the Accounts Payable department at the following email address: [email protected]. 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.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20248777%71%11 Mar 2025
H1 20246955%46%10 Sept 2024

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
16 Jul 2021
Registered office
ICON 1 7-9 SUNBANK LANE, ALTRINCHAM, WA15 0AF
2 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 87-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 87-day vs a 60-day payment cycle.

≈ £34,500
of invoicing outstanding at any one time on a 87-day cycle — about £10,600 more than the same account would carry at 60-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · THG Luxury Limited

What's their typical pay point?
Their latest reports averaged around day 87. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-13515580 · latest period to 31 Dec 2024

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