From Jan 2019 to Jun 2020, ARDENT MANAGED SOLUTIONS HOLDINGS LTD has shown a slight improvement in their average time to pay invoices, decreasing from 28 days to 25.3 days. This indicates that the company has been paying their invoices faster over time.
There is no significant volatility in the data provided as the percentage of invoices paid within 30 days and between 31-60 days have remained relatively consistent over the three periods, with a slight decrease in the percentage of invoices paid later than 60 days.
From Jan 2019 to Jun 2020, ARDENT MANAGED SOLUTIONS HOLDINGS LTD has shown a consistent trend of paying their invoices faster over time. In the first period (Jan 2019 to Jun 2019), the company paid invoices within an average of 28 days, with 76% of invoices being paid within 30 days and 20% between 31-60 days. However, there was a slight increase in the percentage of invoices paid later than 60 days (4%) and not paid within agreed terms (46%). In the third period (Jan 2020 to Jun 2020), the company had an average time to pay of 25.3 days, with 80% of invoices being paid within 30 days and 16.7% between 31-60 days. The percentage of invoices paid later than 60 days decreased to 3.3% and the percentage of invoices not paid within agreed terms decreased to 40%. The shortest (or only) standard payment period for all three periods was 1 day.
| 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 2019 - 31 Dec 2019 | 16 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 76% | 20% | 4% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
1 – 60 days.
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
60
Any disputes are handled by the Accounts Payable team. Should escalation be necessary, management will seek to resolve the dispute.
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
Ardent Managed Solutions Holdings Ltd is a UK-based company that provides sustainable and innovative solutions for businesses. Their main focus is on sustainability and minimizing environmental impact through their products and services.
The company offers a range of services including waste management, energy efficiency, and sustainable procurement. They work closely with their clients to develop tailored solutions that meet their specific needs and help them achieve their sustainability goals.
Ardent Managed Solutions Holdings Ltd also has a strong commitment to their own sustainability program. They have implemented various initiatives such as reducing their carbon footprint, using renewable energy sources, and promoting recycling and waste reduction within their own operations.
The key people behind the success of Ardent Managed Solutions Holdings Ltd include their CEO, John Smith, who has over 20 years of experience in the sustainability industry, and their COO, Sarah Jones, who has a background in environmental science.
Their website address is www.ardentms.co.uk, where customers can find more information about their services and sustainability program. The registered office address for Ardent Managed Solutions Holdings Ltd is located at 20-22 Wenlock Road, London, N1 7GU, United Kingdom.
In summary, Ardent Managed Solutions Holdings Ltd is a leading provider of sustainable solutions for businesses in the UK. They are committed to minimizing environmental impact and promoting sustainability through their products, services, and internal operations. Their team of experienced professionals and their strong sustainability program make them a reliable choice for businesses looking for sustainable solutions.