FEDEX UK LIMITED
Company number: 01541168
Reporting period:
1 June 2017
to 30 November 2017
This report was filed on 15 December 2017
and approved by James Edmund Hawkins
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 22%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 32 %
Payment terms
Shortest standard payment period
28 days
Longest standard payment period
45 days
Standard payment terms
FedEx’s standard payment terms for subcontractors are 28 days with all other suppliers usually on our standard contract of 45 days’ end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
Please note references to 45 days in respect of standard and maximum contractual payment period is based on 45 days from the month end
Dispute resolution process
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Department (ukapadmin@fedex.com).
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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