ARK DATA CENTRES LIMITED
Company number: 05656968
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
29 July 2020
Approved by:
Huw Owen
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 59%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 55%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Undisputed sums are paid within 30 days of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where there is a bona fide dispute over an invoice it is raised as soon as reasonably practical. If the dispute is not resolved at this stage, nominated individuals from the relevant department and/or the finance department enter into discussions with the supplier and act in good faith to resolve the dispute as quickly as possible. If the dispute remains unresolved after a pre-determined amount of time (depending upon the individual contract but typically within approximately 30 to 45 days), then the matter may be referred to the courts, or arbitration for final settlement (depending upon the individual contract).
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No