SWIZZELS MATLOW LIMITED

Company number: 00562269

Reporting period:
1 July 2021 to 31 December 2021

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This report was filed on 26 January 2022

and approved by Mr J A Dee

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

• within 30 days: 23%
• in 31 to 60 days: 57%
• in 61 days or more: 20%

Invoices due but not paid within agreed terms: 15%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

The company does not use standard payment terms but the most frequently used terms are 60 days from date of invoice

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

The company does not have a predetermined maximum payment period - it will vary according to terms negotiated with the supplier and the nature of supply.

Any other information about payment terms

N/A

Dispute resolution process

In the event of an invoice being disputed the relevant manager is responsible for discussing with the supplier the reasons for the dispute and reaching agreement on how to proceed. Resolution of the dispute will normally result in the issuing by the supplier of a credit note or the replacement of the goods.

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 Prompt 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