WATCHES OF SWITZERLAND COMPANY LIMITED
Company number: 00146087
Reporting period:
27 October 2025 to 3 May 2026
Report filed on:
10 July 2026
Approved by:
Luke Singleton
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: 26 days
Total value paid:
- within 30 days: £353,911,942 (86%)
- in 31 to 60 days: £44,274,396 (11%)
- in 61 days or more: £15,373,700 (4%)
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 23%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £51,784,259
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
365 days
Standard payment terms
The company have negotiated payment terms between Immediate and 365 days, with all expense suppliers targeted at 60 days.
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
120 days
Due to the specialised product we offer we work with our suppliers to agree an acceptable payment term for both parties. The bespoke and unique nature of some of our product range the sales term for those products take a longer time to sell and the payment terms for these products reflects this longer sales process.
Any other information about payment terms
Our Business practice is to make payment on a bi-weekly basis capturing invoices falling due up to the next scheduled payment date.
Dispute resolution process
The Watches of Switzerland Company Ltd.'s Accounts Payable team offer support through to query resolution to all suppliers. They can be contacted by mail, email or phone.
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