Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for SWIZZELS MATLOW LIMITED to pay invoices has decreased from 46 days in the first period (Jan 2018-Jun 2018) to 42 days in the most recent period (Jul 2022-Dec 2022). This indicates an improvement in paying invoices in a timely manner.
The average time taken for SWIZZELS MATLOW LIMITED to pay invoices has shown a slight decrease in volatility over the past three years.
SWIZZELS MATLOW LIMITED has shown improvement in paying invoices in a timely manner, with the average time taken to pay decreasing over the past three years. However, the percentage of invoices paid within 30 days has fluctuated between 25-49%, indicating potential issues with payment delays. The percentage of invoices paid between 31-60 days has also fluctuated between 48-66%, with the highest percentage in Jul 2018-Dec 2018 and the lowest in Jan 2022-Jun 2022. The company has consistently had around 12% of invoices paid later than 60 days and not within agreed terms, with the exception of Jan 2021-Jun 2021 and Jul 2021-Dec 2021 where both percentages increased. This could indicate potential issues with payment delays during these periods.
| 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 Jul 2024 - 31 Dec 2024 | 27 Oct 2025 | 50 | 12% | 62% | 26% | 42% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Oct 2025 | 50 | 13% | 61% | 26% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jul 2024 | 50 | 14% | 62% | 24% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 22 Jul 2024 | 50 | 18% | 62% | 20% | 46% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Aug 2023 | 42 | 26% | 61% | 13% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 33 | 49% | 48% | 3% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 49 | 23% | 57% | 20% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Aug 2021 | 43 | 26% | 56% | 18% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 43 | 26% | 61% | 13% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 32% | 56% | 12% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 43 | 26% | 64% | 10% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 45 | 26% | 63% | 11% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 43 | 25% | 66% | 9% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 46 | 25% | 63% | 12% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company does not use standard payment terms but the most frequently used terms are 60 days from date of invoice.
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
60
In the event of an invoice being disputed the relevant manager is responsible for discussing with the supplier the reasons for the dispute and reaching an agreement on how to proceed. Resolution of the dispute will normally result in the issuing by the supplier of a credit note or the replacement of the goods.
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
SWIZZELS MATLOW LIMITED is an active private limited company, incorporated on 6 March 1956, based in the East Midlands region. Registered business activity: Manufacture of sugar confectionery.
From Companies House records.