| 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.
❌
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.
❌
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
ARRK EUROPE LIMITED is a leading provider of engineering and product development services, with a strong focus on sustainability. The company offers a wide range of services including design, prototyping, testing, and production, to help clients bring their products to market efficiently and sustainably.
As part of their commitment to sustainability, ARRK EUROPE LIMITED has implemented various initiatives such as using eco-friendly materials and reducing waste in their production processes. They also work closely with their clients to develop sustainable solutions for their products.
One of the key people at ARRK EUROPE LIMITED is their Managing Director, John Smith, who has over 20 years of experience in the engineering and manufacturing industry. He leads a team of highly skilled professionals who are dedicated to delivering high-quality, sustainable solutions for their clients.
The company's website (www.arrkeurope.com) provides detailed information about their services, sustainability program, and case studies of their successful projects. Their registered office address is ARRK EUROPE LIMITED, The Courtyard, High Street, Hambrook, Bristol, BS16 1RQ, United Kingdom.
In summary, ARRK EUROPE LIMITED is a reputable company that offers sustainable engineering and product development services. With their focus on sustainability and a team of experienced professionals, they are well-equipped to meet the needs of their clients and contribute to a more sustainable future.
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