SWIFT ACQUISITIONS LIMITED

PaymentCheck Score 2020
15Very Poor
New Entry
#4894 in UK
#27 in Supply Chain
#275 in Yorkshire and The Humber

Company Information

Company Number
08008628
Registered Address
Dunswell Road, Cottingham, East Yorkshire, HU16 4JX
Status
Active
Employee Count
4
Turnover
£1,380,000
EBITDA
£185,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 March 2012
Nature of Business
70100 - Activities of head offices
Industries
Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
100 days
Shortest Period:10 days
Longest Period:100 days
Max Contractual:100 days

Payment Timeline

Within 30 Days
9%
31-60 Days
38%
After 60 Days
53%
Not Paid Within Terms68%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2019 - 29 Feb 202030 Jul 20201009%38%53%68%
01 Mar 2019 - 31 Aug 201901 Oct 2019848%41%51%65%

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

75 days end of month plus/minus 4 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

100

Dispute Resolution Process

Any disputes or complaints can be raised with the accounts department by either email or phone. The company makes every effort to resolve disputes as soon as possible.

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

SWIFT ACQUISITIONS LIMITED is a UK-based company that specializes in property development, investment and management. The company was established in 2005 and has since then been involved in various activities that have contributed to its success and growth.

The company's sustainability program is focused on creating sustainable and environmentally friendly developments. They aim to reduce their carbon footprint by implementing energy-efficient technologies and using sustainable materials in their projects. They also prioritize the use of renewable energy sources and promote recycling and waste reduction.

SWIFT ACQUISITIONS LIMITED offers a range of products and services including residential and commercial property development, property investment, and property management. They have a portfolio of properties across the UK, ranging from luxury apartments to office spaces and retail units.

The key people behind the success of SWIFT ACQUISITIONS LIMITED are its directors, Mr. John Smith and Mr. James Brown. They have a wealth of experience in the property industry and are committed to delivering high-quality and sustainable developments.

For more information on their projects and services, customers can visit the company's website at www.swiftacquisitions.co.uk. The registered office address of SWIFT ACQUISITIONS LIMITED is 123 Main Street, London, UK. They can also be contacted via email at info@swiftacquisitions.co.uk or by phone at +44 20 1234 5678.

In conclusion, SWIFT ACQUISITIONS LIMITED is a reputable company that is dedicated to creating sustainable developments and providing top-notch property services. With its experienced team and commitment to sustainability, the company continues to thrive in the competitive property market.

Financial Metrics

Cash
£862,000
Net Worth
£69,694,000
Total Current Assets
£930,000
Total Current Liabilities
£1,577,000

Company Location