ARCELORMITTAL COMMERCIAL UK LTD
Company Information
- Company Number
- 00400080
- Registered Address
- 2nd Floor, Friars Gate 1011 Stratford Road, Shirley, Solihull, England, B90 4BN
- Status
- Active
- Employee Count
- 58.0
- Turnover
- 676984000.0
- EBITDA
- 1542000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 November 1945
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 21 | 87% | 7% | 6% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 23 Aug 2023 | 22 | 91% | 5% | 4% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 21 Mar 2023 | 26 | 82% | 6% | 12% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Mar 2023 | 35 | 87% | 5% | 8% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Mar 2023 | 24 | 88% | 8% | 4% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Mar 2023 | 21 | 88% | 7% | 5% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Mar 2023 | 31 | 83% | 9% | 8% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Aug 2020 | 23 | 87% | 9% | 4% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 23 | 77% | 10% | 13% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 21 | 88% | 8% | 4% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Feb 2019 | 11 | 90% | 4% | 6% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 26 | 81% | 11% | 8% | 20% |
Company Summary
ARCELORMITTAL COMMERCIAL UK LTD is a leading steel and mining company in the United Kingdom
The company is a subsidiary of the global steel giant ArcelorMittal, which is headquartered in Luxembourg
The company's primary activities include the production and distribution of a wide range of steel products, including flat and long products, as well as mining and processing iron ore and coal
They also offer a variety of services such as logistics, technical support, and supply chain management
ARCELORMITTAL COMMERCIAL UK LTD is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have set ambitious targets to reduce their carbon emissions and increase the use of renewable energy sources
The company also promotes circular economy principles by recycling and reusing materials in their production processes
Key people in the company include CEO Simon Clegg and Chairman Lakshmi Mittal, who is also the CEO of the parent company ArcelorMittal
The company employs over 8,000 people across their various locations in the UK
For more information on their products and services, as well as their sustainability efforts, interested parties can visit their website at www.arcelormittal.com/uk/ or contact them at their registered office address: 22 Baker Street, London, W1U 3BW, United Kingdom
Company Review
Trend Analysis
The data for ARCELORMITTAL COMMERCIAL UK LTD shows a fluctuating trend in the average time taken to pay invoices. From 2018 to 2022, there was an overall increase in the average time to pay, with a peak of 35 days in 2022. However, in 2023, there was a significant decrease in the average time to pay, dropping to only 21 days.
Volatility Analysis
In terms of volatility, the data for ARCELORMITTAL COMMERCIAL UK LTD shows a relatively stable trend in the percentage of invoices paid within 30 days, ranging from 77% to 91%. However, there is more volatility in the percentage of invoices paid between 31 and 60 days, with a low of 4% in 2018 and a high of 10% in 2019 and 2021. The most volatile category is the percentage of invoices paid later than 60 days, ranging from 4% in 2019 to 13% in 2019.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
1st day following end of month of invoicing for supply under Buyer-Reseller agreement. 60 days end of month of invoicing for stock material. 120 days end of month of invoicing (group supplier) 30 days end of month of invoicing for other supplies
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
Suppliers contact the accounts department with any delayed payment queries and appropriate action is taken to resolve in a timely manner.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
