The average time to pay for ARROW XL LIMITED has decreased from 47 days in Jul, 2017 to 43 days in Jun, 2022. There was a significant decrease in the average time to pay between Jul, 2017 and Dec, 2018, where it dropped from 47 days to 33 days. However, there has been a slight increase in the average time to pay since then.
The volatility in the percentage of invoices paid within 30 days for ARROW XL LIMITED has fluctuated between 9% and 31% from Jul, 2017 to Dec, 2023. The highest volatility was seen in Jul, 2017, where the percentage was at its lowest at 9%, and in Dec, 2019 and Jul, 2023, where the percentage was at its highest at 31%.
From Jul, 2017 to Jun, 2022, ARROW XL LIMITED has shown a consistent decrease in the average time to pay, with the lowest average time being 33 days in Dec, 2018. The percentage of invoices paid within 30 days has also shown a consistent increase, with the highest percentage being 17% in Jun, 2019. However, the percentage of invoices paid later than 60 days has remained steady at around 30-40%, with the highest being 31% in Jul, 2023. Additionally, the company has consistently had a high percentage of invoices not paid within agreed terms, ranging from 76% to 97%.
| 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 2024 - 31 Dec 2024 | 07 Feb 2025 | 39 | 14% | 71% | 15% | 84% |
| 01 Jan 2024 - 30 Jun 2024 | 09 Aug 2024 | 42 | 11% | 70% | 19% | 84% |
| 01 Jul 2023 - 30 Dec 2023 | 30 Jan 2024 | 47 | 9% | 60% | 31% | 83% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 47 | 9% | 66% | 25% | 83% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 15% | 64% | 21% | 82% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 43 | 13% | 65% | 22% | 82% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 45 | 13% | 64% | 23% | 85% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 43 | 14% | 63% | 23% | 80% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 44 | 14% | 60% | 26% | 76% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 12% | 50% | 38% | 84% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 45 | 14% | 48% | 38% | 97% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 39 | 17% | 45% | 37% | 97% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 33 | 13% | 45% | 42% | 97% |
| 31 Dec 2017 - 30 Jun 2018 | 27 Jul 2018 | 44 | 10% | 46% | 44% | 95% |
| 03 Jul 2017 - 30 Dec 2017 | 31 Jan 2018 | 47 | 31% | 39% | 30% | 94% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for goods and services are 60 days. However, contractual payment terms do vary between 0 and 90 days, with 97% of suppliers on terms of 60 days or less, and 66% on 45 days or less. There have been no changes to the standard payment terms or payment practices in this reporting period.
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
90
Payment disputes are initially dealt with by the Accounts Payable Team which is led by the Transaction Processing Manager, but if necessary will be referred to the Financial Controller or Chief Financial Officer of the business for resolution.
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
ARROW XL LIMITED is a leading provider of delivery and logistics services in the UK. They offer a wide range of services including next-day delivery, two-man delivery, and installation services.
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in eco-friendly vehicles and have implemented efficient routing systems to minimize their carbon footprint. ARROW XL also encourages recycling and waste reduction among their employees and partners.
In terms of products and services, ARROW XL offers a variety of delivery options to suit the needs of their customers. They specialize in large and bulky items and have a dedicated team of two-man delivery experts who are trained to handle fragile and heavy items with care.
The company is led by a team of experienced professionals, including CEO Bryan Taylor and Operations Director Gary Monk, who have extensive experience in the logistics industry. They are committed to providing excellent customer service and ensuring the company's sustainability goals are met.
For more information on ARROW XL's services and sustainability program, customers can visit their website at www.arrowxl.co.uk. The company's registered office address is at 1 Portal Way, London, W3 6RS, United Kingdom.
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