Industry ranking
The average time for ARNOLD LAVER & COMPANY LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2020 followed by a decrease in 2021.
There has been some volatility in the payment behavior of ARNOLD LAVER & COMPANY LIMITED over the past three periods, with significant changes in the percentage of invoices paid within 30 days and later than 60 days, as well as the average time to pay.
From 2018 to 2020, there was a decrease in the average time for ARNOLD LAVER & COMPANY LIMITED to pay invoices, with the lowest average of 51 days in 2018. However, in 2021, there was an increase to 62 days, indicating a slight delay in payment.
| 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 Jan 2021 - 30 Jun 2021 | 01 Dec 2021 | 62 | 15% | 50% | 35% | 74% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Dec 2021 | 75 | 7% | 30% | 63% | 90% |
| 01 Jan 2020 - 30 Jun 2020 | 02 Sept 2020 | 66 | 17% | 33% | 50% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 18 May 2020 | 52 | 18% | 34% | 48% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 54 | 16% | 34% | 50% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 01 May 2019 | 51 | 17% | 34% | 49% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 72 | 16% | 34% | 50% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 60 days from end of month of delivery. Shorter payment terms are by individual agreement and incorporate rebates/prompt payment discounts.
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
60
The Accounts Team resolve any disputed invoices with the depot and the supplier. If the dispute cannot be resolved, this escalates to the Accounts Manager and the Financial Director.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ARNOLD LAVER & COMPANY LIMITED is an active private limited company, incorporated on 8 February 2017, based in the Yorkshire and The Humber region. Registered business activity: Agents involved in the sale of timber and building materials.
From Companies House records.