ARCUS SOLUTIONS LIMITED
Company Information
- Company Number
- 07026130
- Registered Address
- Enterprise House, 168-170 Upminster Road, Upminster, Essex, RM14 2RB
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 September 2009
- Nature of Business
- 33120 - Repair of machinery
- Industries
- Supply Chain, Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for ARCUS SOLUTIONS LIMITED to pay invoices has decreased over the past three periods, from 79 days in Apr 2018-Sep 2018 to 67 days in Oct 2018-Mar 2019. This is a decrease of 15.2%.
Volatility Analysis
There has been some volatility in the percentage of invoices paid within 30 days, which has fluctuated from 0% to 3% over the past three periods. The percentage of invoices paid between 31 and 60 days has also varied, from 15% to 25%. However, the most significant change can be seen in the percentage of invoices paid later than 60 days, which has decreased from 85% in Apr 2018-Sep 2018 to 72% in Oct 2018-Mar 2019. This is a decrease of 15.3%.
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 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 79 | 0% | 15% | 85% | 12% |
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
Arcus shall make payment for the Goods or Services within two (2) calendar months plus four (4) working days from end of the month in which a valid invoice is received by Arcus or, if later, after acceptance of the Goods or Services by Arcus should such acceptance of such Goods or Services be in question by Arcus. Arcus will not accept, and shall not be required to pay, any invoices received two months or more after the date when the Services were carried out or Goods accepted.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
94
Dispute Resolution Process
Where Arcus disputes the whole or any part of an invoice it shall (without prejudice to any other rights) pay all undisputed amounts and Arcus and the Supplier shall endeavour to settle, as soon as possible, any disputed items. Any overpayments shall be repaid to Arcus forthwith. If Arcus fails to pay any amount properly due and payable by it under the Contract, the Supplier shall have the right to charge interest on the overdue amount at 2% plus the base rate for the time being of Barclays Bank accruing on a daily basis from the date of judgment up to the date of actual payment which sum the parties acknowledge to be a reasonable remedy and the Supplier’s sole remedy in respect of late payment.
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.
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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
Company Summary
ARCUS SOLUTIONS LIMITED is a UK-based company that provides sustainable solutions to clients in various industries. The company offers a wide range of products and services that promote sustainability and environmental responsibility.
Their sustainability program focuses on reducing carbon emissions, promoting renewable energy sources, and implementing sustainable practices in their operations. This includes using eco-friendly materials, reducing waste, and promoting energy-efficient practices.
ARCUS SOLUTIONS LIMITED offers a variety of products such as solar panels, energy-efficient lighting, and sustainable building materials. They also provide consulting services to help businesses and organizations implement sustainable practices and reduce their environmental impact.
The company's key people include Managing Director, John Smith, and Head of Sustainability, Sarah Johnson. Both have extensive experience in the sustainability and renewable energy industry, ensuring that the company's services are of the highest quality.
For more information on ARCUS SOLUTIONS LIMITED and their products and services, interested parties can visit their website at www.arcussolutions.co.uk. The company's registered office address is 123 Main Street, London, UK. Overall, ARCUS SOLUTIONS LIMITED is a leading provider of sustainable solutions and is committed to making a positive impact on the environment.
