WATCHES OF SWITZERLAND COMPANY LIMITED
Company Information
- Company Number
- 00146087
- Employee Count
- 2,220
- Turnover
- £882,198,000
- EBITDA
- £114,509,000
Additional Details
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for WATCHES OF SWITZERLAND COMPANY LIMITED to pay their invoices has decreased over the past three periods, from 26 days in 2022-11-02 to 22 days in 2025-04-28. This indicates that the company has been paying their invoices more promptly in recent years.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with only a 4% difference between the highest (79%) and lowest (75%) values. However, there has been more fluctuation in the percentage of invoices paid between 31 and 60 days, with a difference of 9% between the highest (19%) and lowest (10%) values.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 28 Oct 2024 - 27 Apr 2025 | 27 May 2025 | 27 | 70% | 23% | 7% | 7% |
| 29 Apr 2024 - 27 Oct 2024 | 29 Nov 2024 | 24 | 78% | 15% | 7% | 8% |
| 30 Oct 2023 - 28 Apr 2024 | 31 May 2024 | 25 | 74% | 16% | 10% | 8% |
| 01 May 2023 - 29 Oct 2023 | 29 Nov 2023 | 27 | 71% | 18% | 11% | 11% |
| 02 Nov 2022 - 30 Apr 2023 | 30 May 2023 | 26 | 73% | 19% | 8% | 11% |
| 02 May 2022 - 30 Oct 2022 | 30 Nov 2022 | 30 | 62% | 28% | 10% | 21% |
| 03 Nov 2021 - 01 May 2022 | 31 May 2022 | 33 | 56% | 31% | 13% | 17% |
| 03 May 2021 - 02 Nov 2021 | 30 Nov 2021 | 31 | 61% | 29% | 10% | 19% |
| 27 Oct 2020 - 02 May 2021 | 27 May 2021 | 33 | 58% | 31% | 11% | 20% |
| 27 Apr 2020 - 26 Oct 2020 | 24 Nov 2020 | 33 | 62% | 27% | 12% | 20% |
| 29 Oct 2019 - 26 Apr 2020 | 22 May 2020 | 43 | 37% | 42% | 21% | 56% |
| 29 Apr 2019 - 28 Oct 2019 | 27 Nov 2019 | 35 | 45% | 42% | 13% | 44% |
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 39 | 40% | 42% | 19% | 28% |
| 30 Apr 2018 - 28 Oct 2018 | 23 Nov 2018 | 46 | 35% | 42% | 23% | 44% |
| 01 Nov 2017 - 29 Apr 2018 | 30 May 2018 | 42 | 42% | 43% | 15% | 47% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 40 | 42% | 41% | 17% | 44% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company have negotiated payment terms between 7 and 365 days, with all product suppliers targeted at 60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Our Business practice is to make payment on a weekly basis capturing invoices falling due up to the next scheduled payment date.
Maximum contractual payment period agreed
120
Dispute Resolution Process
The Watches of Switzerland Company Ltd.'s Accounts Payable team offer support through to query resolution to all suppliers. They can be contacted by mail, letter or phone.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
WATCHES OF SWITZERLAND COMPANY LIMITED is a luxury watch retailer based in the United Kingdom. Founded in 1924, the company has a rich history and has established itself as a leading name in the luxury watch market.
The company offers a wide range of luxury watches from renowned brands such as Rolex, Breitling, Omega, and Cartier. In addition to watches, they also offer luxury jewelry and accessories. Their products are known for their high quality and timeless design, making them a popular choice among customers.
WATCHES OF SWITZERLAND COMPANY LIMITED also has a strong focus on sustainability, with a dedicated program in place to reduce their environmental impact. This includes using sustainable materials in their products and packaging, as well as implementing energy-efficient practices in their stores.
The company is led by a team of experienced and knowledgeable individuals, including CEO Brian Duffy and Chairman David Hurley. Their expertise and passion for luxury watches have contributed to the company's success.
For customers looking to purchase from WATCHES OF SWITZERLAND COMPANY LIMITED, they can visit their website or one of their many physical stores across the UK. The company's registered office is located at Aurum House, 2 Elland Road, Braunstone, Leicester LE3 1TT.
In summary, WATCHES OF SWITZERLAND COMPANY LIMITED is a leading luxury watch retailer in the UK, offering a range of high-quality products and a commitment to sustainability. With a talented team at the helm and a strong online and physical presence, the company continues to thrive in the luxury watch market.
