USWITCH LIMITED
Company Information
- Company Number
- 03612689
- Registered Address
- The Cooperage, 5 Copper Row, London, England, SE1 2LH
- Status
- Active
- Employee Count
- 207
- Turnover
- £92,969,000
- EBITDA
- £24,232,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 August 1998
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Commerce Models, Data
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
USWITCH LIMITED maintains an average payment time of 30 days; however, 55% of payments consistently settle within the 31-60 day range, with only 45% processed within 30 days. This pattern suggests a reliable tendency for payments to extend slightly beyond typical 30-day terms. Crucially, 0% of payments go over 60 days, indicating a consistent upper limit for payment processing.
Volatility Analysis
The payment profile demonstrates low volatility regarding extreme delays, with all payments reliably processed within 60 days. While 11% of payments are formally late, the consistent split between payments within 30 days and 31-60 days provides a predictable pattern. Suppliers can reliably expect payments within the 60-day window, mitigating significant uncertainty about severe delays.
Summary Analysis
For suppliers, USWITCH LIMITED presents a moderate payment risk, as the majority of invoices (55%) will likely be paid between 31-60 days, despite the 30-day average. Suppliers should factor in these extended payment terms when managing cash flow, recognizing that a portion of payments will be formally late. The absence of payments over 60 days offers strong reassurance against prolonged financial exposure.
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 2024 - 31 Dec 2024 | 25 Mar 2025 | 30 | 45% | 55% | 0% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 02 Aug 2024 | 30 | 51% | 47% | 2% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 28 | 49% | 50% | 1% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Aug 2023 | 30 | 41% | 57% | 1% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 32 | 37% | 60% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jan 2023 | 27 | 88% | 11% | 1% | 47% |
| 01 Oct 2021 - 31 Mar 2022 | 09 Aug 2022 | 29 | 53% | 46% | 1% | 53% |
| 01 Oct 2021 - 31 Dec 2021 | 25 Jan 2022 | 27 | 59% | 40% | 1% | 42% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 28 | 56% | 43% | 1% | 52% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Oct 2021 | 30 | 64% | 36% | 0% | 43% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2021 | 29 | 55% | 44% | 1% | 50% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Oct 2021 | 30 | 62% | 38% | 0% | 39% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2021 | 23 | 78% | 22% | 0% | 23% |
| 01 Oct 2018 - 31 Mar 2019 | 15 May 2019 | 25 | 72% | 27% | 1% | 38% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 21 | 83% | 17% | 0% | 30% |
| 01 Oct 2017 - 31 Mar 2018 | 24 Apr 2018 | 20 | 87% | 13% | 0% | 28% |
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
The business’ standard payment terms are 30 days unless agreement has been made with the vendor/individual where at a very minimum payment terms are to be 14 days. Suppliers are notified and consulted on these payment terms at the time of making business and a contract is signed upon agreement. Under no circumstances should any side favourable agreements be made beyond these payment terms unless exceptionally necessary.
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
In the first instance, all disputed payments regardless of the circumstance is brought to the attention of the supplier and requester at Uswitch. This is usually done by email, detailing the reason behind the dispute, amount, and contact details for Accounts. Suppliers are made aware of the hold on payment as soon as the accounts payable team have been made aware of the dispute. Depending on the complexity of the dispute, the solution can vary to a number of days, but suppliers are kept to date at all times. If the dispute is in relation to the address and contact details, Accounts will notify supplier of the correct addressee and details via email stating payment will be made once amended invoice has been received. Under no circumstances will an invoice be settled with payment if the dispute has not been resolved.
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
USWITCH LIMITED is an active private limited company that provides comparison and switching services.
The company operates under company number 03612689 and was incorporated on 10 August 1998. Its registered office is located in London, England, at The Cooperage, 5 Copper Row, SE1 2LH.
Typically, companies of this nature in the UK market provide online platforms to help consumers compare and switch a range of services. These commonly include energy, broadband, and insurance policies, enabling customers to find competitive deals and manage their essential household services.
