SWECO UK LIMITED
Company Information
- Company Number
- 02888385
- Registered Address
- Grove House, Mansion Gate Drive, Leeds, West Yorkshire, LS7 4DN
- Status
- Active
- Employee Count
- 1132.0
- Turnover
- 104236000.0
- EBITDA
- 5363000.0
Additional Details
- Website
- https://mlm.uk.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 January 1994
- Nature of Business
- 71129 - Other engineering activities$74901 - Environmental consulting activities
- Industries
- 0
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 26 | 89% | 8% | 3% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 28 | 84% | 12% | 4% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 05 Jan 2023 | 29 | 84% | 12% | 4% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 30 | 73% | 21% | 6% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 22 | 87% | 12% | 1% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 88% | 11% | 1% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Jan 2021 | 25 | 84% | 15% | 1% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 25 | 85% | 13% | 2% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 28 | 68% | 31% | 1% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 32 | 65% | 30% | 5% | 38% |
Company Summary
SWECO UK LIMITED is a leading engineering, environment and design consultancy company, providing services to both public and private sectors
They offer a wide range of sustainable solutions to help their clients achieve their goals while minimizing environmental impact
Their sustainability program focuses on promoting sustainable practices within their own operations and those of their clients
This includes reducing carbon emissions, managing waste and promoting sustainable procurement
SWECO UK LIMITED offers a variety of services, including project management, environmental assessment, infrastructure design, and energy efficiency consulting
They work on projects in various sectors such as transportation, energy, water, and buildings
The company is led by a team of experienced and knowledgeable individuals, including Managing Director Max Joy, Technical Director for Environment and Sustainability Stephen Russell, and Technical Director for Structures and Civil Engineering Helen Whittle
Their website (www.sweco.co.uk) provides detailed information about their services, projects, and sustainability efforts
Their registered office address is at Quayside House, 110 Quayside, Newcastle upon Tyne, NE1 3DX, United Kingdom
In conclusion, SWECO UK LIMITED is a reputable company that offers sustainable solutions and services to their clients
They are committed to promoting sustainability and have a strong team of leaders driving their success
Company Review
Trend Analysis
The trend for SWECO UK LIMITED's average time to pay invoices has been steadily decreasing over the past three periods, going from 32 days in 2019 to 25 days in 2020 and 2021. However, in 2022 there was a sudden increase to 30 days, followed by a slight decrease to 29 days in 2023. This indicates that the company has been improving their payment processes, but may have faced some challenges in 2022.
Volatility Analysis
The volatility for SWECO UK LIMITED's average time to pay invoices has been relatively stable over the past three periods, with only a slight increase in 2022. However, there has been some fluctuation in the percentage of invoices paid within 30 days, with a decrease from 68% in 2019 to 65% in 2020, followed by an increase to 87% in 2023. This may indicate that the company has implemented new strategies to improve timely payments.
Summary Analysis
Overall, SWECO UK LIMITED has shown a steady improvement in their average time to pay invoices, with a decrease from 32 days in 2019 to 25 days in 2021. The company has also consistently paid a high percentage of invoices within 30 days, with a peak of 88% in 2021. However, there was a slight increase in the percentage of invoices paid later than 60 days in 2022, highlighting a potential issue with delayed payments. The shortest (or only) standard payment period for the company has remained consistent at 7 days throughout the three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Sweco UK Ltd has standard payment terms of 30 days, but are willing to agree shorter terms (7 or 14 days) with small sub contractors and other small supplier companies
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
Sweco UK Limited is committed to the equitable treatment of all it's supply chain partners. The individual raising the purchase order is responsible for notifying the supplier in the event of any dispute. It is the aim of Sweco UK Limited to resolve any disputes within the terms of the contract and pay its' suppliers within agreed terms.
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?
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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
