FEDEX EXPRESS UK TRANSPORTATION LIMITED
Company number: 01628530
Reporting period:
1 June 2024 to 30 November 2024
Report filed on:
17 December 2024
Approved by:
James Davies
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 46%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 10%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 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
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
No further comment provided
Any other information about payment terms
During the period in scope, FedEx has undertaken a Working Capital Improvement project. As evidenced in the reported figures above, this project has resulted in an increase in invoices paid in the 30-60 days category, in line with FedEx preferred payment terms whilst maintaining a comparable "Paid on Time" percentage. We therefore consider this transition to have been successful, as the adjustment in payment strategy to improve working capital has taken effect whilst maintaining relative POT figures which were not negatively impacted.
Dispute resolution process
FedEx Express UK Transportation Limited has a dedicated Accounts Payable helpdesk that offers support via email (apquery_EU@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. 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, 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.
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