Score of 94.6/100 qualifies for PaymentCheck Certification
| 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 |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 18 | 91% | 7% | 2% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 9 | 98% | 2% | 0% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 11 | 96% | 3% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 12 | 94% | 5% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 15 | 94% | 5% | 1% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 22 | 88% | 10% | 2% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 15 | 91% | 8% | 1% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 17 | 86% | 10% | 4% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 17 | 90% | 8% | 2% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 21 | 78% | 12% | 10% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 17 | 90% | 6% | 4% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 15 | 91% | 7% | 2% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 10 | 93% | 4% | 3% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 18 | 89% | 8% | 3% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Where possible we request a minimum of 30 day terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Disputes related to unpaid invoices are raised with Finance departments and are escalated to CFO.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Swatch Group (UK) Limited is the UK subsidiary of the Swatch Group, the Swiss company behind a portfolio of watch and jewellery brands. Companies House records show its business as wholesale and retail of watches and jewellery, alongside retail of cosmetic and toilet articles. Evidence from the Longines brand site, part of the Swatch Group, confirms the group's activity: designing, selling and servicing Swiss-made watches, including collections such as Master, Conquest and Spirit, plus after-sales services like repairs, restoration and warranty support. The UK entity's role is to represent this Swiss watchmaking group within the United Kingdom, supporting sales and customer service for its watch brands rather than manufacturing or group-wide operations itself.
Generated from the company's website and Companies House records. Sources: longines.com · longines.com · longines.com