SPORTSWIFT LIMITED
Company number: 03493972
Reporting period:
1 February 2025 to 31 July 2025
Report filed on:
11 August 2025
Approved by:
Hannah Shilling
Payment statistics
Average time taken to pay invoices: 43 days
Total value paid:
- within 30 days: £30,646,300 (26%)
- in 31 to 60 days: £60,200,026 (51%)
- in 61 days or more: £26,255,732 (22%)
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 52%
- in 61 days or more: 11%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £50,135,638
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 60 days across both goods for resale and goods not for resale. Dependent on expected delivery times, goods for resale payment terms can be agreed up to 90 days. Sportswift may agree to shorter payment terms with its suppliers as part of an overall commercial agreement – including independent freelancers.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If a Sportswift supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable Team through a clear query process. If necessary, the Accounts Payable Team will refer to other business areas within Sportswift to resolve the query. If the matter remains unresolved within the target turnaround time it is escalated to senior leadership. All disputes which cannot be resolved amicably between the parties are resolved in accordance of the applicable contract or escalated within Sportswift.
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