GOV.UK
FEDEX EXPRESS UK TRANSPORTATION LIMITED
Company number: 01628530
Reporting period:
1 December 2019
to 31 May 2020
This report was filed on 23 June 2020
and approved by Robert Peto
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 39%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 33 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
The preferred payment term for FedEx Express UK Transportation Limited is the payment of invoiced amounts within 45 days of receipt by FedEx Express UK Transportation Limited of a correctly rendered invoice. However payment terms do vary across suppliers mainly based on the type of service provided and the nature of the supplier. The agreed payment terms with suppliers range from payable immediately to the longest agreed payment terms which are payable 60 calendar days of the end of the calendar month in which FedEx Express UK Transportation Limited receives a correctly rendered invoice. Once an individual payment term is agreed with a supplier FedEx Express UK Transportation Limited will not unilaterally change the agreed payment term without the agreement of the supplier. FedEx Express UK Transportation Limited offer suppliers the option of supply chain finance and e-invoicing.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
To raise a complaint or concern related to payment of invoices, suppliers should initially contact FedEx Express UK Transportation Limited’s purchase-to-payment department who conduct an initial investigation into the reason for non-payment and where possible will resolve simple, straight forward issues, for example, unreceived invoices, administrative errors and purchase order discrepancies. The purchase-to-payment department aim to investigate complaints within 7 days of receipt. Disputes involving more complex issues such as non-performance, pricing discrepancies or breach of contractual terms will be referred to FedEx Express UK Transportation Limited’s Procurement teams to liaise with the supplier.
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.
Yes
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.
Yes
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