TAKE-TWO INTERACTIVE SOFTWARE UK LIMITED
Company number: 09554939
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
29 October 2025
Approved by:
Geoff Dracott
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 20 days
Total value paid:
- within 30 days: £19,621,719 (83%)
- in 31 to 60 days: £3,870,197 (16%)
- in 61 days or more: £196,163 (< 1%)
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 20%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £196,163
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
The standard payment terms are 45 days or 60 days from date of supplier invoice. Payment terms may be set less than the standard payment terms if contractually agreed.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
We include retention clauses in our construction contracts where material works have been carried out at one of our offices, we want to ensure that a small percentage of the overall fees is retained as security during the defects liability period.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
Yes: 3%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Project manager will inspect the works to confirm if practical completion has been achieved. If it has, then a percentage of the retained amount will be released to the supplier.
Is the money released in stages?
Yes:
3% is typically retained until practical completion. If practical completion is achieved, then 50% of the retained amount will be released to the supplier, and the remaining 1.5% will be retained for the duration of the defects liability period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
Every effort is made to ensure that in the event an invoice is disputed, resolution is sought prior to the invoice being due for payment. Should this not be possible and payment is impacted, suppliers are kept up to date on the progress of the invoice when queried and once resolved payment processed on the next applicable run.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No