THE SWATCH GROUP (UK) LIMITED
Company Information
- Company Number
- 00177501
- Registered Address
- Building 1000, The Royals Business Park, London, E16 2QU
- Status
- Active
- Employee Count
- 423
- Turnover
- £211,522,000
- EBITDA
- £27,214,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1921
- Nature of Business
- 46480 - Wholesale of watches and jewellery47750 - Retail sale of cosmetic and toilet articles in specialised stores47770 - Retail sale of watches and jewellery in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 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 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 2019 - 30 Jun 2019 | 29 Jul 2019 | 15 | 91% | 7% | 2% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 18 | 89% | 8% | 3% | 12% |
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
30 days
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
Dispute Resolution Process
Disputes related to unpaid invoices are raised with the Finance Department and are escalated to the CFO.
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.
❌
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
The Swatch Group (UK) Limited is a leading watchmaking company based in the United Kingdom. It is a subsidiary of the Swiss Swatch Group, which is one of the world's largest watch manufacturers.
The company's sustainability program is an integral part of their operations, with a focus on reducing their environmental impact and promoting ethical sourcing of materials. They have implemented measures such as using renewable energy in their production facilities and reducing their carbon emissions. They also prioritize fair labor practices and have a strict code of conduct for their suppliers.
The company offers a wide range of products and services, including luxury watches, fashion watches, jewelry, and accessories. They are also known for their innovative and high-quality timepieces, such as the iconic Swatch watches.
The key people of The Swatch Group (UK) Limited include CEO Nick Hayek and Chairman Nayla Hayek, who are both part of the Swatch Group's executive board.
For more information, their website is www.swatchgroup.com and their registered office address is 2nd Floor, 1 London Wall Place, London, EC2Y 5AU, United Kingdom.
