GOV.UK
SWAN INVESTMENTS GROUP LIMITED
Company number: 01621189
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 10 October 2022
and approved by William Stephens
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 53%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Swan Investments Group Limited consists of a number of subsidiaries whose standard payment terms are:
- Inflite Engineering Services Limited: 60 days from end of month of supplier invoice date;
- Inflite The Jet Centre Limited: 30 days from end of month of supplier invoice date;
- Excellence Aviation Services Limited: 30 days from invoice date;
- Inflite MRO Services Limited: 30 days from end of month of supplier invoice date;
- Hanley Smith Limited 30 days from end of month of supplier invoice date;
- Casemasters Limited: 30 days from invoice date;
- Swan Group Management Services Limited: 30 days from invoice date;
unless supplier specific terms are formally agreed.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are resolved by reference to the relevant contractual Conditions of Purchase.
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
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