Thanks for all of the answers and I am still at the desk waiting
The issue is or situation is build the trailer and weld a box section to the draw bar. have another box section with the coupling or hitch bolted or welded to that then link the two with a high tensile bolt and castellated nut as the swivel if that makes sense. It would only swivel in one direction or do I need to actually have a solid connection from draw bar to the hitch. That is no swivel.
This way I am still using a compliant hitch and I am welding everything else like axles, chassis etc.
Another idea as a safety solution is turn down a section of the bolt creating a groove and put a bolt in the square section or even a u bolt as a collar in unison with the nut to prevent the two from separating.
one for the brains trust
Think I need a Bex and a good lie down