Industry ranking
| 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 2021 - 31 Dec 2021 | 25 Jan 2022 | 44 | 34% | 39% | 27% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 58 | 29% | 41% | 29% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 73 | 30% | 34% | 37% | 51% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 63 | 30% | 34% | 36% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 27% | 33% | 40% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days following the month of invoice receipt.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
In the event of a dispute the initial issue is addressed by the purchasing team and resolved as quickly as practicable. An invoice in dispute will not be paid until resolution is gained and the finance team authorised to effect payment.
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
ARRK Europe Limited is the UK entity of ARRK, a global group that provides product development support services. Its registered office is in Nuneaton, with a further UK technical centre in Gloucester, forming part of ARRK's wider network of European, North American and Asian locations. The group, founded over 70 years ago in Japan, supports customers worldwide in developing products, drawing on specialist expertise in areas such as prototyping and tooling. Companies House records the company's activity under other manufacturing not elsewhere classified. Within the group structure, this UK company operates as a technical and engineering centre contributing to product development rather than as an independent standalone manufacturer.
Generated from the company's website and Companies House records. Sources: arrk.com