SWITALSKIS SOLICITORS LIMITED

PaymentCheck Score 2025
79Good
12.0vs last year
#1810 in UK
#75 in Yorkshire and The Humber

Company Information

Company Number
08924632
Registered Address
19 Cheapside, Wakefield, West Yorkshire, WF1 2SD
Status
Active
Employee Count
Coming Soon
Turnover
Coming Soon
EBITDA
Coming Soon

Additional Details

Company Type
Private limited Company
Incorporated On
5 March 2014
Nature of Business
69102 - Solicitors
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
29 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
60%
31-60 Days
34%
After 60 Days
6%
Not Paid Within Terms54%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

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.

Volatility Analysis

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.

Summary Analysis

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.

Performance Reports History

Reporting Period Filed: 2024-12-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202531 Oct 20252877%17%6%30%
01 Apr 2024 - 30 Sept 202423 Dec 20242960%34%6%54%

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

Suppliers are set up following their standard payment terms. Where a supplier doesn't have stated payment terms payment terms are assumed to be 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

60

Dispute Resolution Process

We have very few disputes but by it's very nature every dispute has unique characteristics, so we deal with each dispute on a case by case basis.

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

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.

Financial Metrics

Cash
£174,200
Net Worth
£7,800,000
Total Current Assets
£27,000,000
Total Current Liabilities
£16,200,000

Company Location