The average payment time for SWITALSKIS SOLICITORS LIMITED is 29 days, suggesting a generally prompt processing speed. However, a significant portion of payments, 40%, consistently extends beyond 30 days, with 6% taking over 60 days, indicating a trajectory where a notable segment of invoices faces delayed settlement.
Payment reliability is low, as evidenced by 54% of invoices being paid late, making cash flow predictability challenging for potential suppliers. The substantial spread, with 34% of payments between 31-60 days and 6% over 60 days, introduces considerable volatility and working capital risk.
Suppliers should approach SWITALSKIS SOLICITORS LIMITED with caution due to the high 54% late payment rate and a significant portion of payments extending beyond standard terms. To mitigate risk, consider stricter payment terms, requiring upfront deposits for substantial orders, or exploring dynamic discounting for early payment incentives.
| 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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 28 | 77% | 17% | 6% | 30% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 46 | 53% | 28% | 19% | 49% |
| 01 Apr 2024 - 30 Sept 2024 | 23 Dec 2024 | 29 | 60% | 34% | 6% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Suppliers are set up following their stated payment terms. Where a supplier does not have stated payment terms we assume their payment terms are 30 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
365
We have very few disputes but by their very nature each dispute has it's own unique characteristics, so we deal with each dispute slightly differently
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
SWITALSKIS SOLICITORS LIMITED is an active private limited company providing legal services. Its name clearly identifies it as a firm of solicitors in the UK.
Incorporated on 5 March 2014, the company operates under company number 08924632. Its registered office is located at 19 Cheapside, Wakefield, West Yorkshire, WF1 2SD, establishing its presence in Yorkshire.
In the UK market, a solicitors' firm provides a comprehensive range of legal services. These typically include offering expert legal advice, representation, and assistance with legal documentation across various specialisms for both private and commercial clients.
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