The average time to pay for ABARIS HOLDINGS LIMITED has fluctuated over the past three periods, starting at 49 days in Feb 2018 and decreasing to 40 days in Aug 2018. However, it increased again to 47 days in Feb 2019.
The volatility in the average time to pay for ABARIS HOLDINGS LIMITED is relatively low, with only a 9-day difference between the highest and lowest values over the past three periods.
From Feb 2018 to July 2019, ABARIS HOLDINGS LIMITED has shown a slight decrease in the average time to pay, with a 2-day decrease from 49 days to 47 days. However, there was a significant increase in the percentage of invoices paid later than 60 days, from 16% in Aug 2018 to 23% in Feb 2019. The percentage of invoices paid within 30 days also decreased from 37% to 28% over the same period.
| 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 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 47 | 28% | 50% | 23% | 64% |
| 01 Aug 2018 - 31 Jan 2019 | 26 Feb 2019 | 40 | 37% | 47% | 16% | 63% |
| 01 Feb 2018 - 31 Jul 2018 | 05 Sept 2018 | 49 | 25% | 50% | 25% | 78% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS END OF MONTH
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
120
Supplier invoice disputes are directed in the first instance to the accounts payable teams. These are forwarded to the authoriser of the invoice or the Procurement, Warehouse and Trading teams depending on the nature of the good/service. The authorisers and Procurement, Warehousing and Trading teams are responsible for resolving supplier invoice queries and disputes, and will maintain continual communication with suppliers. If disputes remain unresolved, these will be escalated to senior managers/directors.
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
Abaris Holdings Limited is the registered entity trading as Standfast & Barracks, a fabric printing business based in Lancaster. Established in 1924, it specialises in textile printing for design-led home furnishings and apparel brands, combining traditional craftsmanship with digital inkjet printing technology. Services span design, colouration, separations, an extensive design archive, flatbed and rotary printing, preparation, dyeing, engraving and finishing. The company also operates a factory shop selling designer fabrics. It states an ambition to reach Net Zero emissions by 2030 and holds Planet Mark certification since 2019. Its Companies House record covers textile finishing, household textile manufacture and wallpaper manufacture.
Generated from the company's website and Companies House records. Sources: standfast-barracks.com · standfast-barracks.com