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Their own payment-practices filing · gov.uk

THT and L&Q Developments LLP paid suppliers in 79 days on average — 49 days past its stated terms

CRN OC415539 · 2 statutory reports on record · period to 31 Mar 2024

Dated record. The latest report covers a period ending 31 Mar 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
79daysavg time to pay · H1 2024

Their H1 2024 filing put the average 49 days past the 30-day term they state.

Their stated terms
7–30 days
Paid outside agreed terms
49% of invoices
Paid after 61+ days
39%
Reporting period
1 Oct 2023 – 31 Mar 2024
Source
their gov.uk filing, filed 30 Apr 2024

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

Terms vs reality · their H1 2024 filing

Paid 49 days past their stated terms

The read · computed from their figures

THT and L&Q Developments LLP's H1 2024 filing put their average at 79 days against stated terms of 7–30 days; 49% of invoices were paid outside agreed terms and 39% took 61 days or longer. Filed 30 Apr 2024.

That is 2 statutory periods on record (earliest H2 2023) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

THT and L&Q Developments LLP 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.

Dispute resolution

THT and L&Q Developments LLP aims to resolve all disputes promptly. This will normally be by contacting the supplier and resolving any issues.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20247949%39%30 Apr 2024
H2 20236161%37%30 Oct 2023

On the public register · Companies House

Company record

Status
Active
Type
Limited Liability Partnership
Incorporated
20 Jan 2017
Registered office
L&Q, LONDON, E15 4PH
5 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 79-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 79-day vs a 7-day payment cycle.

≈ £31,000
of invoicing outstanding at any one time on a 79-day cycle — about £28,400 more than the same account would carry at 7-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 · THT and L&Q Developments LLP

What's their typical pay point?
Their latest reports averaged around day 79. 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-OC415539 · latest period to 31 Mar 2024

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