SWECO SERVICES UK LIMITED
Company number: 02707426
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Philip Bruce
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 34%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 40%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Sweco Services UK Ltd have standard payment terms of 30 days, but are willing to agree shorter terms (7 or 14 days) with small sub contractors and other small supplier companies.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Sweco Services UK Limited is committed to the equitable treatment of all it's supply chain partners. In the event of a dispute, the individual raising the purchase order is responsible for notifying the supplier and ensuring that the dispute is resolved as quickly as possible. It is the aim of the company to resolve any disputes within the terms of the contract and pay its' suppliers within agreed terms.
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