The average payment time for SWAN COMMERCIAL SERVICES is 34 days, indicating a consistent tendency to pay slightly beyond standard 30-day terms. While 64% of payments are within 30 days, a substantial 28% fall into the 31-60 day bracket, showing a clear pattern of payments often extending beyond initial due dates. This consistent spread suggests suppliers should anticipate payments frequently extending beyond immediate 30-day terms rather than a strict adherence.
The 35% late payment rate, coupled with 8% of payments extending beyond 60 days, points to notable unpredictability in payment timing. This distribution indicates that while some payments are prompt, a significant minority experience extended delays, introducing volatility and potential cash flow strain for suppliers. Suppliers should factor in a considerable risk of delays beyond 30 days for a substantial portion of invoices, impacting their financial planning.
Suppliers should note that while a majority of payments are within 30 days, nearly one-third consistently extend to 31-60 days, and a noticeable 8% are significantly late. This payment profile presents a moderate to high risk due to the 35% late payment rate and the 34-day average, necessitating careful credit assessments and proactive management of potential payment delays. To mitigate risk, suppliers should establish clear payment terms, consider maintaining adequate working capital, and closely monitor outstanding invoices.
| 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 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 34 | 64% | 28% | 8% | 35% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 28 | 73% | 19% | 8% | 27% |
| 01 Oct 2023 - 31 Mar 2024 | 19 Apr 2024 | 28 | 54% | 44% | 2% | 55% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 24 | 83% | 16% | 1% | 17% |
| 01 Oct 2022 - 31 Mar 2023 | 29 Apr 2023 | 40 | 47% | 36% | 17% | 52% |
| 01 Apr 2022 - 30 Sept 2022 | 07 Nov 2022 | 32 | 56% | 39% | 5% | 41% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 33 | 46% | 48% | 6% | 50% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 35 | 41% | 53% | 6% | 52% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 36 | 42% | 50% | 8% | 51% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 34 | 44% | 49% | 7% | 55% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 33 | 50% | 41% | 9% | 50% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 29 | 58% | 37% | 5% | 42% |
| 01 Oct 2018 - 31 Mar 2019 | 02 May 2019 | 32 | 56% | 37% | 7% | 44% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 21 | 83% | 15% | 2% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company's standard payment terms are 30 days, with the exception of utility companies, who are due to be paid within 14 days.
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
30
It is the Company's intention to pay suppliers on time. Where there is a standard query in respect of an invoice the Company's process is to return the invoice to the supplier electronically detailing query information and instruction on how to represent the invoice for future payment. Where there is a general query in respect of payment, suppliers are able to contact their dedicated account manager. Where a formal legal dispute is raised this is managed through operational teams, contract managers and legal team where required.
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
SWAN COMMERCIAL SERVICES LIMITED operates as a private limited company, specialising in the provision of commercial services.
The company holds the active registration number 06192065 and was incorporated on 29 March 2007. Its registered office is located at Sanctuary House, Castle Street, Worcester, England, WR1 3ZQ, within the West Midlands region.
Companies offering commercial services in the UK market typically provide a range of business-to-business solutions. These can encompass areas such as facility management, administrative support, professional consultancy, or specialist operational services tailored for commercial clients.