Over the past three periods, there has been a consistent average time to pay of 36 days. However, there has been a slight improvement in the percentage of invoices paid within 30 days, increasing from 26% in the first period to 30% in the second period. The percentage of invoices paid between 31 and 60 days has decreased from 71% to 66%. There has also been a decrease in the percentage of invoices paid later than 60 days, from 4% to 0%. This suggests that SWANN-MORTON LIMITED has improved their payment process and is paying invoices more promptly.
There is not enough data available to conduct a volatility analysis for SWANN-MORTON LIMITED.
| 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 Oct 2023 - 31 Mar 2024 | 20 Aug 2024 | 38 | 45% | 49% | 6% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Nov 2019 | |||||
| 01 Oct 2018 - 31 Mar 2019 | 10 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 09 Oct 2018 | 36 | 30% | 66% | 4% | 4% |
| 01 Oct 2017 - 31 Mar 2018 | 13 Apr 2018 | 36 | 26% | 71% | 3% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We attempt to pay all our supplier invoices to terms. The majority of our suppliers are between 30 and 60 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
365
Disputes are normally dealt with by our purchasing manager. Any disputes relating to quality of products supplied are managed by our Quality department.
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
Swann-Morton Limited, based in Sheffield, is a manufacturer of scalpels, blades and handles, producing both surgical and craft ranges. According to its own site, the company employs around 350 people and produces 1.5 million surgical and craft scalpel blades daily, with products sold to over 100 countries and more than two thirds of output exported. Alongside its medical and dental instrument manufacturing, it also supplies a range of craft knives, blades and handles aimed at hobbyists, model makers and professional crafts people, marketed through a dedicated craft knives website. The company has been incorporated since 1961 and remains active, registered under SIC code 32500 for medical and dental instrument manufacture.
Generated from the company's website and Companies House records. Sources: craftknives.co.uk