SWITCHSHOP LIMITED
Company Information
- Company Number
- 03771032
- Registered Address
- Switchshop House, Enterprise Park Kimpton, Hitchin, Hertfordshire, SG4 8HP
- Status
- Active
- Employee Count
- 70
- Turnover
- £40,725,000
- EBITDA
- £4,874,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 May 1999
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SWITCHSHOP LIMITED exhibits a consistent payment pattern, with 56% of invoices settled within 30 days. However, a significant 40% consistently pay between 31 and 60 days, pushing their average payment time to 33 days. This trend suggests a slight extension beyond typical 30-day terms for a large portion of their obligations.
Volatility Analysis
The payment profile shows low volatility, as 96% of payments occur within 60 days, indicating a high degree of predictability. Only 4% of payments extend beyond 60 days, and a minimal 1% are classified as late, suggesting a low risk of extreme payment delays. Suppliers can generally anticipate payments within a two-month window with high reliability.
Summary Analysis
Overall, SWITCHSHOP LIMITED is a reasonably reliable payer, though suppliers should anticipate an average payment cycle of 33 days, with a strong likelihood of payments settling within 60 days. To mitigate the minor risk of extended delays (4% over 60 days), consider offering terms that account for the 31-60 day payment window or closely monitor invoices exceeding 45 days. The low 1% late payment rate indicates good overall credit behavior.
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 Jun 2024 - 30 Nov 2024 | 09 Dec 2024 | 32 | 56% | 42% | 2% | 0% |
| 01 Dec 2023 - 31 May 2024 | 09 Dec 2024 | 33 | 56% | 40% | 4% | 1% |
| 01 Jun 2023 - 30 Nov 2023 | 20 Feb 2024 | 35 | 50% | 46% | 4% | 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
The business’s standard payment terms are 3O days. Larger suppliers have agreed terms of 30 days from Month End. Switchshop supports smaller suppliers and may offer smaller payment terms of 30 days or less. Any changes to the standard payment terms in the reporting period would be notified to the suppliers in writing, by email.
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
67
Dispute Resolution Process
Reasons for not being able to pay based on terms include receiving late or non-compliant invoices or invoices that are in dispute. In the event of a dispute, the Finance Team will notify the vendor in writing (via email) as to the existence and nature of the dispute and endeavour to reach a resolution in a timely manner to ensure payments are made at the earliest opportunity.
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
Company Summary
SWITCHSHOP LIMITED is an active private limited company. Its name directly indicates its operation as a business focused on the provision or dealing of switches.
The company, with company number 03771032, was incorporated on 14 May 1999. It is located in the East of England, with its registered office situated at Switchshop House, Enterprise Park Kimpton, Hitchin, Hertfordshire, SG4 8HP.
Private limited companies engaged in activities related to switches typically offer a range of services. These commonly include the supply, distribution, and installation of various switch technologies, alongside maintenance, technical support, and consultancy services for clients.
