AAR TEE COMMODITIES (UK) LTD.
Company Information
- Company Number
- 08143121
- Registered Address
- C/O Acenta Steel Limited Planetary Road, Willenhall, West Midlands, United Kingdom, WV13 3SW
- Status
- Dissolved
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 July 2012
- Nature of Business
- 46720 - Wholesale of metals and metal ores
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The overwhelming majority (79%) of payments from AAR TEE COMMODITIES (UK) LTD. consistently fall into the 'over 60 days' category, with an an average payment time of 88 days. This indicates a consistent trend of significantly extended payment cycles, with a minor proportion (21%) settled within 30 days and no payments occurring between 31-60 days. The data suggests a predictable pattern of very slow payment performance for this company.
Volatility Analysis
Despite the lengthy payment cycles, the data shows zero "late" payments, suggesting AAR TEE COMMODITIES (UK) LTD. adheres to its *extended* agreed-upon terms, rather than outright defaulting. However, the absence of payments in the 31-60 day window indicates a lack of mid-range predictability, with payments either relatively quick or significantly delayed, posing a challenge for cash flow forecasting. The high concentration of payments over 60 days implies a consistent operational characteristic rather than erratic behaviour.
Summary Analysis
Suppliers considering AAR TEE COMMODITIES (UK) LTD. should anticipate and budget for significantly extended payment terms, with an average wait of 88 days for remittance. Key decision factors must include the supplier's capacity to absorb long working capital cycles and the ability to negotiate explicit payment terms reflecting this reality. Mitigation strategies include demanding upfront payments for a portion of the invoice or implementing strict milestone-based billing to align with their established payment patterns.
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 Oct 2018 - 31 Mar 2019 | 14 May 2019 | 88 | 21% | 0% | 79% | 0% |
| 01 Oct 2017 - 30 Sept 2018 | 31 Oct 2018 | 43 | 46% | 0% | 52% | 2% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 66 | 42% | 0% | 58% | 0% |
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
Payment Term range from 0 to 180 days
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
180
Dispute Resolution Process
Subject to terms and conditions mentioned in the Sales or Purchase Contract
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.
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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
AAR TEE COMMODITIES (UK) LTD. was a private limited company operating in the commodities sector. Its name clearly indicated a business focus on the trading and supply of various raw materials and primary products.
Incorporated on 13 July 2012, AAR TEE COMMODITIES (UK) LTD. was registered under company number 08143121. The company's registered office was located at C/O Acenta Steel Limited Planetary Road, Willenhall, West Midlands, United Kingdom, WV13 3SW, and it is now dissolved.
Companies operating in the commodities sector typically specialise in the trading, sourcing, and distribution of raw materials. This includes agricultural products, energy resources, and various metals and minerals, both within the UK and international markets.
