SWIZZELS MATLOW LIMITED
Company Information
- Company Number
- 00562269
- Registered Address
- Carlton House, Albion Road, New Mills, High Peak, SK22 3HA
- Status
- Active
- Employee Count
- 602
- Turnover
- £113,557,000
- EBITDA
- £19,338,000
Additional Details
- Website
- https://swizzels.com/
- Company Type
- Private limited Company
- Incorporated On
- 6 March 1956
- Nature of Business
- 10822 - Manufacture of sugar confectionery
- Industries
- Commerce Models, Distribution And Delivery, Food And Drink
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
The average time taken for SWIZZELS MATLOW LIMITED to pay invoices has shown a slight decrease in volatility over the past three years.
Summary Analysis
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.
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 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 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% |
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 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event of a 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 of a credit note or the replacement of the goods.
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.
✅
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
Swizzels Matlow Limited is a confectionery company based in the United Kingdom. Founded in 1928, the company is known for its wide range of sweets and candies, including iconic brands such as Love Hearts, Drumstick, and Refreshers.
As a company, Swizzels Matlow Limited is committed to sustainability and has implemented various initiatives towards this goal. Some of these include reducing plastic packaging, using sustainable sourcing for ingredients, and implementing energy-efficient practices in their production facilities.
The company's products are loved by people of all ages and can be found in stores across the UK and in over 20 countries worldwide. Their range includes traditional sweets, lollipops, chew bars, and more, all made with high-quality ingredients and in line with strict food safety regulations.
Swizzels Matlow Limited is led by a team of experienced professionals, including the Managing Director Jeremy Dee, who has been with the company for over 30 years. The company's registered office address is listed as Carlton House, Albion Road, New Mills, High Peak, SK22 3HA.
Customers can visit the company's website at www.swizzels.com to learn more about their products, sustainability efforts, and history. The website also provides contact information for any inquiries or feedback. Swizzels Matlow Limited continues to be a popular and successful confectionery company in the UK, known for its delicious and sustainable treats.
