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.
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.
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.
| 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 Aug 2025 - 31 Dec 2025 | 23 Jan 2026 | 29 | 62% | 38% | 0% | 0% |
| 01 Feb 2025 - 31 Jul 2025 | 28 Aug 2025 | 28 | 57% | 43% | 0% | 0% |
| 01 Aug 2024 - 31 Jan 2025 | 28 Feb 2025 | 22 | 53% | 45% | 2% | 2% |
This information is as reported by the business, and responses are in their own words.
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 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.
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
Solo Service Group Limited is a Swansea-based company registered under SIC code 81299, other cleaning services. It was originally incorporated in 1991 as Solo Cleaning Services Limited before adopting its current name in 1998. The Companies House record confirms the company remains active, with its registered office at Riverside Business Park, Swansea. No further detail on specific contracts, client base or geographic reach is available from the supplied evidence, but the classification and history point to the business operating within the commercial cleaning services field, providing cleaning-related work rather than manufacturing or retailing physical products.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk