GOV.UK
FEDEX UK LIMITED
Company number: 01541168
Reporting period:
1 December 2021
to 31 May 2022
This report was filed on 21 June 2022
and approved by Pankaj Alexander
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 8%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
80 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. This legal entity ceased invoice processing effective 1st April 2022, due to business reorganisation.
Were there any changes to the standard payment terms in the reporting period?
Yes –
Utilising some vendors with immediate payment terms.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
80 days
n/a
Any other information about payment terms
N/A
Dispute resolution process
FedEx UK Limited has a dedicated Accounts Payable helpdesk that offers support via email (apquery_UK@fedex.com).
All queries sent via email will automatically issue the supplier with a unique ticket number. The ticket system ensures the suppliers queries are acknowledged within a maximum of three working days. All communication between the supplier and the service desk team will be recorded within the ticket number provided – this can be viewed at a later time by the team if required.
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.
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