SWAN COMMERCIAL SERVICES LIMITED
Company number: 06192065
Reporting period:
1 April 2024 to
30 September 2024
This report was filed on 29 October 2024
and approved by Nathan Warren
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 19%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 27%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
The Company's standard payment terms are 30 days, with the exception of utility companies, who are due to be paid within 14 days.
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
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
It is the Company’s intention to pay suppliers on time. Where there is a standard query in respect of an invoice the Company's process is to return the invoice to the supplier electronically detailing query information and instruction on how to represent the invoice for payment. Where there is a general query in respect of payment, suppliers are able to contact our dedicated supplier Finance Service Desk. Where a formal legal dispute is raised this is managed through operational teams, contract managers and legal team where required.
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