| 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 |
|---|---|---|---|---|---|---|
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 64 | 61% | 17% | 22% | 55% |
| 27 Aug 2017 - 24 Feb 2018 | 22 Mar 2018 | 64 | 47% | 27% | 26% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Goods not for resale – Invoices are paid weekly, on 30 days payment terms
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
30
Queries from the Company’s suppliers are directed through a central Supplier Liaison team within Accounts Payable. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ARCADIA GROUP (USA) LIMITED is a dissolved private limited company, incorporated on 19 October 2007, based in the West Midlands region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.