ARCUS MANAGED SERVICES LIMITED
Company Information
- Company Number
- 07026246
- Registered Address
- Enterprise House, 168-170 Upminster Road, Upminster, Essex, RM14 2RB
- Status
- Active
- Employee Count
- 201
- Turnover
- £13,824,000
- EBITDA
- £22,000
Additional Details
- Website
- https://www.arcusfm.com/
- 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 MANAGED SERVICES LIMITED to pay invoices has decreased over the past three periods, from 72 days in Apr 2018-Sep 2018 to 76.8 days in Apr 2019-Sep 2019. However, there was a slight increase in the second period (Oct 2018-Mar 2019) before decreasing again.
Volatility Analysis
The volatility in the average time taken to pay invoices for ARCUS MANAGED SERVICES LIMITED has been relatively low, with only a 4.8% difference between the highest (80.5 days) and lowest (76.8 days) values.
Summary Analysis
Overall, ARCUS MANAGED SERVICES LIMITED has been consistently paying invoices later than 60 days, with the highest percentage of 83% in the first period (Apr 2018-Sep 2018). There has been a slight improvement in the percentage of invoices paid within 30 days, from 1% in the first period to 2.2% in the third period (Apr 2019-Sep 2019). However, the percentage of invoices paid between 31 and 60 days has remained relatively stable at around 15-16%. The shortest (or only) standard payment period for the company is 60 days.
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 | 72 | 1% | 16% | 83% | 8% |
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.
❌
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
ARCUS MANAGED SERVICES LIMITED is a leading provider of facilities management and sustainability solutions based in the United Kingdom. The company offers a wide range of services including cleaning, maintenance, security, and energy management to commercial and public sector clients.
As part of their commitment to sustainability, ARCUS has established a comprehensive sustainability program that focuses on reducing their environmental impact, promoting ethical business practices, and supporting local communities. This includes initiatives such as using eco-friendly cleaning products, investing in energy-efficient technology, and partnering with local charities for community projects.
In addition to their sustainability efforts, ARCUS is also known for their high-quality services and innovative approach to facilities management. They use the latest technology and techniques to provide efficient and cost-effective solutions for their clients. Their team of experienced professionals is dedicated to delivering exceptional customer service and ensuring the smooth operation of their clients' facilities.
Key people at ARCUS include Managing Director Andrew Purvis, who has over 20 years of experience in the facilities management industry, and Operations Director, Paul Harrison, who has a background in engineering and extensive experience in delivering complex projects.
To learn more about ARCUS and their services, you can visit their website at www.arcus-group.co.uk. Their registered office address is Unit 2, The Gateway, Fryers Way, Silkwood Park, Wakefield, West Yorkshire, WF5 9TJ. With their commitment to sustainability and expertise in facilities management, ARCUS MANAGED SERVICES LIMITED is a trusted partner for businesses looking for efficient and sustainable solutions.
