AAR TEE COMMODITIES UK LTD
Company Details
Registration Number
08143121
Registered Address
C/O Acenta Steel Limited Planetary Road Willenhall West Midlands United Kingdom WV13 3SW
Company Status
Dissolved
Employee Count
2
Turnover
£401,009,000
EBITDA
£774,000
Additional Information
Website
aarteegroup.com/Company Type
Private limited Company
Incorporated on
13 July 2012
Nature of Business (SIC)
46720 - Wholesale of metals and metal ores
Industries
Civil engineering, Distribution and wholesale, Manufacturing, Non-precious metals, steel and other alloys, Parts and components, Property development and construction
Region
West MidlandsCompany Location
Financial Overview
£16,734,101
£25,065,485
Last Reporting Period
Filed
14 May 2019
Period
01 Oct 2018 - 31 Mar 2019
Payment Timing
Average Time to Pay
88 days
Payment Periods
Shortest
0 days
Longest
180 days
Max Contractual
180 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Sep 2018 | 31 Oct 2018 | 43 | 46% | 0% | 52% | 2% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 66 | 42% | 0% | 58% | 0% |
Company Summary
AAR TEE COMMODITIES (UK) LTD
is a leading company in the commodities industry, with a strong focus on sustainability
They offer a wide range of products and services to their clients, ensuring high quality and ethical standards
Their sustainability program is a crucial aspect of their business, as they believe in promoting responsible and sustainable practices throughout their operations
This includes implementing environmentally friendly measures, promoting fair trade, and supporting local communities
The company's products and services include sourcing and trading of various commodities such as grains, oilseeds, and pulses, as well as providing logistics and risk management solutions
They also offer financial services, including hedging and financing options
The key people behind AAR TEE COMMODITIES (UK) LTD
are its directors, who have years of experience in the commodities industry
They are committed to driving the company's growth and success while upholding their values of sustainability and ethical business practices
For more information, interested parties can visit their website at www.aarteeuk.com
The company's registered office address is located at 1st Floor, 2 Woodberry Grove, London, N12 0DR, United Kingdom
Company Review
Trend Analysis
There has been a significant increase in the average time taken for AAR TEE COMMODITIES (UK) LTD. to pay their invoices over the past three periods. In the first period, from Oct 2017 to Mar 2018, the average time to pay was 66 days, which decreased to 43 days in the second period (Oct 2017 to Sep 2018). However, in the third period (Oct 2018 to Mar 2019), the average time to pay increased to 88 days. This indicates a downward trend in terms of promptness in paying invoices.
Volatility Analysis
The volatility in AAR TEE COMMODITIES (UK) LTD.'s payment patterns can be seen in the significant changes in the percentage of invoices paid within 30 days and those paid later than 60 days. In the first period, 42% of invoices were paid within 30 days, which decreased to 21% in the third period. On the other hand, in the first period, 58% of invoices were paid later than 60 days, which increased to 79% in the third period. This indicates a high level of volatility in payment patterns, with a significant increase in the percentage of invoices not paid within agreed terms.
Summary Analysis
Based on the data, it is evident that AAR TEE COMMODITIES (UK) LTD. has shown a downward trend in terms of promptness in paying invoices. In the first period, 58% of invoices were paid later than 60 days, which is the highest percentage among all three periods. In the second period, there was a slight improvement, with only 52% of invoices paid later than 60 days. However, in the third period, the percentage increased again to 79%. This indicates a need for improvement in AAR TEE COMMODITIES (UK) LTD.'s payment practices.
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
Any other information about payment terms
N/A
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.
❌
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?
❌
