SOLO SERVICE GROUP LIMITED
Company number: 02626708
Reporting period:
1 August 2025 to 31 December 2025
Report filed on:
23 January 2026
Approved by:
Caroline Sypliwtchak
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 29 days
Total value paid:
- within 30 days: £2,037,433 (54%)
- in 31 to 60 days: £1,761,555 (46%)
- in 61 days or more: £0 (0%)
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 38%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms –
Solo Service Group Limited standard payment terms are 30 days from the end of month.
Maximum contractual payment terms
60 days for supplier who invoice in advance of the service period.
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
Dispute resolution process
Dispute resolution policy
Invoice queries are flagged to the supplier via e-mail as soon as the issue is identified. Either via the accounts department e-mail or the originating department.
This opens a line of communication to reach a resolution. Once resolved payment is made within the standard terms or on the next payment 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.
Yes, this business has signed up to: Fair Payment Code
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