Published reports

XPO BULK UK LIMITED

Company number: 02974193

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2021 to 30 June 2021

Report filed on:

20 August 2021

Approved by:

Simon Evans

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

  • within 30 days: 41%
  • in 31 to 60 days: 53%
  • in 61 days or more: 6%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 33%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms are 90 days from the end of the month.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

If a supplier has a dispute with any invoice, we investigate the query and seek to resolve the concern.

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, 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