AARTEE BRIGHT BAR LIMITED
Company Information
- Company Number
- 03725308
- Registered Address
- Suite 3 Regency House, 91 Western Road, Brighton, BN1 2NW
- Status
- Liquidation
- Employee Count
- 279
- Turnover
- £44,319,000
- EBITDA
- £1,665,000
Additional Details
- Website
- https://www.greydove.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 3 March 1999
- Nature of Business
- 24100 - Manufacture of basic iron and steel and of ferro-alloys24310 - Cold drawing of bars
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2021 - 31 Dec 2021 | 28 Jan 2022 | 51 | 19% | 29% | 52% | 42% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 55 | 16% | 37% | 47% | 50% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 65 | 12% | 36% | 52% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 58 | 13% | 33% | 54% | 4% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard contractual length of time for payment of invoices is variable based upon the type of supply and the market in which the supplier trades (e.g. geographical location) At the point of initial order with a new supplier the agreed terms are forwarded to the supplier for verification by the suppliers finance department and a signed copy is held with the Aartee Bright Bar finance department for future reference In consideration of the supply of Goods and/or Services by the Seller, the Buyer shall pay the invoice amounts in accordance with the terms of credit where it is implied that the Seller shall receive payment up to 2 days from the agreed processing date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No changes have been made to the underlying terms during the period
Maximum contractual payment period agreed
120
Dispute Resolution Process
Upon receipt of invoices the documents are date stamped and entered onto a register as proof of receipt. Where necessary invoices are then forwarded to the originating purchaser for authorisation. A weekly review is made of all invoices that have been registered for greater than 1 week but not fully authorised and an up to date status added to the internal system for review by Management and the finance department for follow up. Quality : Upon receipt of goods a visual inspection is made and if deemed sub-standard referred to the Quality Department Where appropriate an internal rejection is raised and the supplier informed with any photographic evidence and samples if required Once a reasonable period has elapsed the supplier will be chased for a response and action taken in accordance with the findings Once action has been agreed the credit note is processed and/or invoice released for processing and payment Weight/quantity (Steel) : Actual receipts are compared to advised receipts with any discrepancies investigated and reported to quality if found to be material Suppliers are notified of any shortage and credit requested Once action has been agreed the credit note is processed and/or invoice released for processing and payment Pricing : Invoices are checked and if there is a variance to the original purchase order, the invoice is referred back to the originating purchaser for investigation The price is either confirmed as correct, or credit requested if overcharged Once the credit note is received or the purchaser agrees the variance the invoice is processed Late Delivery : Where material is receipted in one month but invoiced during the prior period the due date for the invoice will be presumed as being based on the month of receipt. Suppliers will be informed and payment date amended accordingly POD’s : POD’s must be supplied with invoices. This is a standard request to all carriage suppliers and internally for all sundry supplies Payment query – lost in post/damaged Cheques lost in the post or damaged will be reissued and resent within 1 working week
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.
❌
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.
❌
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
Company Summary
AARTEE BRIGHT BAR LIMITED is a company that specializes in manufacturing and supplying various types of bright bars, including cold drawn, peeled, and ground bars. The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact.
Their sustainability program includes using energy-efficient machinery, recycling waste materials, and continuously improving their processes to minimize their carbon footprint. They also prioritize sourcing raw materials from sustainable and ethical suppliers.
AARTEE BRIGHT BAR LIMITED offers a wide range of products, including bright bars made from carbon steel, alloy steel, and stainless steel. These bars are used in various industries such as automotive, construction, and engineering.
The key people behind AARTEE BRIGHT BAR LIMITED are Mr. Anil Jain and Mr. Dinesh Jain, who have extensive experience in the steel industry. Their expertise and leadership have helped the company grow and establish a strong reputation in the market.
The company's website address is https://www.arteesteels.com/ and their registered office address is Plot No. 15, Sector 1, Integrated Industrial Estate (IIE), BHEL Haridwar - 249403, Uttarakhand, India. Customers can contact them through their website or by phone at +91-1334-238491/92/93. AARTEE BRIGHT BAR LIMITED is committed to providing high-quality products and services while also promoting sustainability, making them a reliable and responsible choice for customers.
