GOV.UK
XEROX (UK) LIMITED
Company number: 00330754
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 28 January 2022
and approved by Anthony Arthurton
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 32%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
75 days
Standard payment terms
Xerox releases payment of invoices on or before the sixtieth (60th) calendar day after the supplier's correct invoice is received.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Xerox endeavors to process all payments of invoices from all suppliers by their due date.
Reasons for Xerox not being able to pay based on agreed terms include; receiving late or non-compliant invoices, invoices that are in dispute and our practices to consolidate payments into batches of an efficient size on a weekly payment run or monthly-preferred terms.
Any other information about payment terms
N/A
Dispute resolution process
At Xerox, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should a supplier have an invoice query they can contact Xerox Accounts Payable.
If Xerox Accounts Payable team is not able to resolve the query, they will escalate the issue with the internal stakeholders, to investigate why the invoice has not been approved for payment and work to resolve.
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