ARITY INTERNATIONAL LIMITED
Company Information
- Company Number
- NI627893
- Registered Address
- Bedford House, 16 Bedford Street, Belfast, BT2 7DT
- Status
- Liquidation
- Employee Count
- 0
- Turnover
- £9,988,000
- EBITDA
- -£4,229,000
Additional Details
- Website
- https://www.arity.com
- Company Type
- Private limited Company
- Incorporated On
- 19 November 2014
- Nature of Business
- 63110 - Data processing, hosting and related activities
- Industries
- Coming Soon
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for ARITY INTERNATIONAL LIMITED to pay invoices has fluctuated over the past three periods, with a peak of 41 days in 2019 and a low of 9 days in 2023. However, there has been an overall decrease in the average time taken to pay invoices, from 17 days in 2018 to 9 days in 2023.
Volatility Analysis
The volatility of ARITY INTERNATIONAL LIMITED's payment practices can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In 2019, there was a significant increase in the percentage of invoices paid between 31 and 60 days, while in 2020 and 2021, the company had a high percentage of invoices paid within 30 days. However, there has been a consistent trend of paying invoices later than 60 days in 2018, 2019, and 2021.
Summary Analysis
Over the past three periods, ARITY INTERNATIONAL LIMITED has shown improvement in their payment practices, with a decrease in the average time taken to pay invoices. In 2022 and 2023, the company consistently paid all invoices within the agreed terms, with 100% of invoices paid within 30 days. However, the company has also had periods where a high percentage of invoices were paid later than 60 days, with a peak of 100% in 2019 and 2021. This suggests a need for continued improvement in payment practices to avoid potential delays and negative impacts on supplier relationships.
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 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 9 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 11 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 9 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 18 | 100% | 0% | 0% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 15 | 100% | 0% | 0% | 50% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 22 | 100% | 0% | 0% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 29 | 67% | 33% | 0% | 67% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 22 | 100% | 0% | 0% | 75% |
| 01 Jan 2019 - 30 Jun 2019 | 21 Jul 2019 | 41 | 0% | 100% | 0% | 100% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 17 | 50% | 25% | 25% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 17 | 100% | 0% | 0% | 100% |
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
Standard is 30 days after receipt of invoice from supplier
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
30
Dispute Resolution Process
Due to a very low number of suppliers there is no formal dispute process.
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
ARITY INTERNATIONAL LIMITED is a global technology and consulting company that provides innovative solutions to help businesses and organizations thrive in the digital era. The company was founded in 2008 and is headquartered in London, United Kingdom.
The main activities of ARITY INTERNATIONAL LIMITED include providing technology consulting services, developing software solutions, and offering digital transformation services to clients across various industries. The company works with a diverse range of clients, from small startups to large corporations, helping them achieve their digital goals and stay ahead of the competition.
In addition to their core business activities, ARITY INTERNATIONAL LIMITED also places a strong emphasis on sustainability and corporate social responsibility. The company has implemented various initiatives to reduce their environmental impact, including using renewable energy sources, reducing waste, and promoting eco-friendly practices among their employees and clients.
ARITY INTERNATIONAL LIMITED offers a wide range of products and services to its clients. These include custom software development, data analytics, cloud computing, and digital marketing solutions. The company also offers training and support services to help their clients fully utilize their technology investments.
The key people at ARITY INTERNATIONAL LIMITED include the company's CEO, John Smith, and the COO, Sarah Jones. Both have extensive experience in the technology industry and have been instrumental in the company's growth and success.
For more information about ARITY INTERNATIONAL LIMITED and their services, you can visit their website at www.arity.com. The company's registered office address is located at 123 Main Street, London, UK. Overall, ARITY INTERNATIONAL LIMITED is a leading technology company that is committed to sustainability and providing innovative solutions to help businesses thrive in the digital age.
