Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 95.9/100 qualifies for PaymentCheck Certification
| 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 Mar 2020 - 29 Aug 2020 | 31 Oct 2020 | 13 | 94% | 2% | 4% | 9% |
| 01 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | 8 | 98% | 1% | 2% | 8% |
| 03 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 9 | 97% | 1% | 2% | 12% |
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 9 | 98% | 1% | 1% | 4% |
| 27 Aug 2017 - 24 Feb 2018 | 22 Mar 2018 | 16 | 94% | 2% | 4% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices relating to property charges – Invoices are paid daily, 30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments to landlords were suspended during the Covid 19 pandemic due to the closure of our stores resulting from the government lockdown. Payments not made at all are not reflected in the payment statistics. These payments will reflect as overdue when settlements are ultimately made.
Maximum contractual payment period agreed
30
Queries from the Company’s suppliers are directed through a central property Supplier Liaison team within Accounts Payable. The following service level agreement is in place to ensure we respond to our suppliers within an acceptable time frame: Urgent queries – 24 hours from receipt of query The initial contact points for suppliers are as follows: Invoices relating to property charges – AP.property.team@arcadiagroup.co.uk
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
REDCASTLE LIMITED is a liquidation private limited company, incorporated on 3 May 1996, based in the West Midlands region. Registered business activity: Development of building projects; Management of real estate on a fee or contract basis.
From Companies House records.