SWIFT GROUP LIMITED

PaymentCheck Score 2020
15Very Poor
New Entry
#4893 in UK
#367 in Property
#274 in Yorkshire and The Humber

Company Information

Company Number
00832994
Registered Address
Dunswell Road, Cottingham, East Yorkshire, HU16 4JX
Status
Active
Employee Count
1,225
Turnover
£300,935,000
EBITDA
£3,732,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 January 1965
Nature of Business
29203 - Manufacture of caravans
Industries
Property, Infrastructure And Construction
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
100 days
Shortest Period:10 days
Longest Period:100 days
Max Contractual:100 days

Payment Timeline

Within 30 Days
9%
31-60 Days
38%
After 60 Days
53%
Not Paid Within Terms68%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2019 - 29 Feb 202030 Jul 20201009%38%53%68%
01 Mar 2019 - 31 Aug 201901 Oct 2019848%41%51%65%
01 Sept 2018 - 28 Feb 201928 Mar 20197512%44%44%76%

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

75 days end of month plus/minus 4 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

100

Dispute Resolution Process

Any disputes or complaints can be raised with the accounts department by either phone or email. The company makes every effort to resolve disputes as soon as possible.

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

SWIFT GROUP LIMITED is a leading UK-based company that specializes in manufacturing and selling caravans, motorhomes, and holiday homes. The company was founded in 1964 and is headquartered in East Yorkshire.

The company has a strong commitment to sustainability and has implemented various initiatives to reduce its impact on the environment. This includes reducing waste, recycling materials, and using sustainable materials in its manufacturing processes. SWIFT GROUP LIMITED also works closely with its suppliers to ensure ethical and sustainable sourcing of materials.

The company's main products include caravans, motorhomes, and holiday homes under various brands such as Swift, Sprite, Sterling, and Bessacarr. These products are known for their high quality, innovative designs, and modern technology.

SWIFT GROUP LIMITED has a team of experienced and dedicated professionals who are responsible for the company's success. The key people include the Chairman, CEO, and other senior executives who bring a wealth of knowledge and experience to the company.

As a customer-centric company, SWIFT GROUP LIMITED strives to provide exceptional customer service and support. The company has a strong network of dealers across the UK and Europe, making it easy for customers to purchase and service their products.

To stay updated with the latest products, services, and news from SWIFT GROUP LIMITED, customers can visit their website at www.swiftgroup.co.uk. The company's registered office address is Swift Group Limited, Dunswell Road, Cottingham, East Yorkshire, HU16 4JX.

In conclusion, SWIFT GROUP LIMITED is a reputable company that is committed to sustainability and offers high-quality products and services. With its dedicated team and strong customer focus, the company continues to grow and innovate in the caravan and motorhome industry.

Financial Metrics

Cash
£21,927,000
Net Worth
£52,801,000
Total Current Assets
£96,790,000
Total Current Liabilities
£56,062,000

Company Location