SWALE HEATING LIMITED consistently demonstrates a trend of extended payment cycles, with an average payment time of 55 days significantly exceeding standard 30-day terms. A dominant 89% of payments fall within the 31-60 day window, indicating a predictable pattern of paying beyond immediate terms but generally within two months. Only 10% of invoices are settled within 30 days, affirming a clear trajectory towards delayed, yet relatively stable, payment behavior.
While the concentration of 89% of payments within the 31-60 day range suggests a degree of predictability for extended terms, the company does present moderate volatility risks. A 7% late payment rate, coupled with 1% of payments exceeding 60 days, introduces uncertainty regarding adherence to even longer agreed-upon payment schedules. Suppliers should anticipate payments typically between 31-60 days but acknowledge the inherent unpredictability for a minority of invoices.
Suppliers engaging with SWALE HEATING LIMITED should adjust their cash flow projections to accommodate an average 55-day payment cycle. Key decision factors include the high likelihood of payments extending into the 31-60 day period, making it crucial to factor this into pricing and operational planning. To mitigate risk, consider establishing explicit longer payment terms from the outset and implementing diligent receivables monitoring to manage the 7% late payment exposure.
| 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 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 58 | 7% | 91% | 2% | 8% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 60 | 8% | 79% | 13% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Swale Heating Limited: Swale Heating Limited agrees payment terms with suppliers and subcontractors as part of contract negotiations. Payment terms vary from a lower range of immediate payment to 60 days EOM. Our initial standard terms are 30 days EOM but 60 days EOM with our main materials supplier. Note on payment statistics Our two largest suppliers have been calculated using a newly agreed invoicing mechanism based on payment terms of 60 days end of month. Under the previous mechanism, for the six months to 31st March 2025, invoices paid in 31 to 60 days would have been 10%, invoices paid in 61 days or more would have been 80% and the average time take to pay invoices would have been 67 days with all other metrics unchanged.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Swale Heating Limited is committed to fair dealing with all of its supply chain members. Payment delays can occur in circumstances where agreement of payment from the end customer is delayed due to issues of rectification or validation of work performed by the supply chain. In those circumstances where we have delayed payments we pay our supply chain partners as soon as is reasonably practical thereafter.
Maximum contractual payment period agreed
91
Swale Heating Limited actively seeks to resolve disputes by discussing them with the relevant suppliers or subcontractors, involving our accounts payable team as the first point of contact. The process may then involve commercial teams or senior management. Where it is not possible to reach agreement a number of dispute resolution methods such as mediation, adjudication, litigation and/or arbitration may be used.
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
SWALE HEATING LIMITED is an active private limited company. Its name indicates its operation within the heating sector.
The company was incorporated on 11 October 1972 under company number 01076034. Its registered office is located in London, at Norfolk House, 13 Southampton Place, London, England, WC1A 2AJ.
Companies operating in the heating sector within the UK commonly offer services such as the installation, maintenance, and repair of heating systems. These often include central heating boilers, radiators, and associated pipework for both domestic and commercial clients. Many also provide energy efficiency consultations and upgrades.