SOLO SERVICE GROUP LIMITED
Company Information
- Company Number
- 02626708
- Registered Address
- 1 Axis Court, Riverside Business Park, Mallard Way Swansea Vale, Swansea, SA7 0AJ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 July 1991
- Nature of Business
- 81299 - Other cleaning services
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
SOLO SERVICE GROUP LIMITED exhibits a positive trend with an average payment time of 28 days and 57% of invoices settled within 30 days. While a significant 43% of payments fall into the 31-60 day bracket, the complete absence of payments over 60 days or officially late indicates a consistent trajectory towards timely, albeit sometimes extended, settlements.
Volatility Analysis
Payment reliability is high, as 100% of invoices are paid within 60 days, with no payments officially designated as "late." However, the distribution between 57% within 30 days and 43% in the 31-60 day range suggests some variability in exact payment dates, meaning a supplier should anticipate potential invoices settling closer to 60 days. This indicates predictability within a reasonable window, with minimal risk from extreme delays.
Summary Analysis
Overall, SOLO SERVICE GROUP LIMITED presents a low payment risk profile for suppliers, with an average payment well within standard terms and no instances of payments exceeding 60 days or being officially late. Suppliers should account for a portion of payments extending beyond 30 days but within 60 days for cash flow planning. Regular monitoring of payment patterns for invoices approaching 60 days would be a simple risk mitigation strategy, though the current data suggests high overall dependability.
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 Feb 2025 - 31 Jul 2025 | 28 Aug 2025 | 28 | 57% | 43% | 0% | 0% |
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
Standard payment terms – Solo Service Group Limited standard payment terms are 30 days from the end of month. Maximum contractual payment terms 60 days for supplier who invoice in advance of the service period.
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
Dispute Resolution Process
Dispute resolution policy Invoice queries are flagged to the supplier via e-mail as soon as the issue is identified. Either via the accounts department e-mail or the originating department. This opens a line of communication to reach a resolution. Once resolved payment is made within the standard terms or on the next payment run.
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.
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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?
❌
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
SOLO SERVICE GROUP LIMITED is an active private limited company
Its name, "Service Group," indicates it operates as a provider of services
The company was incorporated on 5 July 1991 and is registered in Wales with company number 02626708
Its registered office is located at 1 Axis Court, Riverside Business Park, Mallard Way Swansea Vale, Swansea, SA7 0AJ
As a service group, this type of private limited company typically specialises in providing outsourced operational or professional services
Such organisations often offer a range of solutions, including facilities management, cleaning, security, or maintenance services, to clients across various sectors in the UK market
