SCHENKER LIMITED
Company Information
- Company Number
- 00383914
- Registered Address
- Schenker House Unit 3 Lhr Portal Scylla Road, London Heathrow Airport, Hounslow, Middlesex, TW6 3FE
- Status
- Active
- Employee Count
- 1,089
- Turnover
- £322,644,000
- EBITDA
- £15,518,000
Additional Details
- Website
- https://schenker.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 November 1943
- Nature of Business
- 49410 - Freight transport by road50200 - Sea and coastal freight water transport51210 - Freight air transport52290 - Other transportation support activities
- Industries
- Healthcare And Wellbeing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for SCHENKER LIMITED to pay invoices to suppliers has been gradually decreasing over the past three years. In 2019, the average time was 41 days, which decreased to 40 days in 2020, and further decreased to 36 days in 2021. This trend suggests that the company has been improving in their payment processes and paying suppliers more promptly.
Volatility Analysis
The volatility in SCHENKER LIMITED's payment patterns can be seen in the percentages of invoices paid within 30 days and those paid later than 60 days. In 2019 and 2020, there was a significant increase in the percentage of invoices paid between 31 and 60 days, which could indicate a temporary delay in payment processes. However, in 2021, there was a significant increase in the percentage of invoices paid within 30 days, suggesting that the company has made efforts to improve their payment timelines.
Summary Analysis
SCHENKER LIMITED has shown an overall improvement in their payment processes in the past three years, with the average time taken to pay invoices decreasing from 41 days in 2019 to 36 days in 2021. The company has also shown a significant increase in the percentage of invoices paid within 30 days, which is a positive trend. However, there was a slight increase in the percentage of invoices not paid within agreed terms in 2019 and 2020, which could be an area for improvement. The worst period for SCHENKER LIMITED in terms of paying invoices later than 60 days was in 2020, with 11% of invoices falling into this category.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 35 | 36% | 60% | 4% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 36 | 33% | 63% | 4% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Nov 2021 | 41 | 30% | 61% | 9% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Nov 2021 | 42 | 24% | 66% | 10% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Nov 2021 | 43 | 25% | 64% | 11% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Nov 2021 | 40 | 22% | 71% | 7% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Nov 2021 | 41 | 22% | 71% | 7% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Nov 2021 | 39 | 26% | 66% | 8% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Nov 2021 | 36 | 56% | 37% | 7% | 22% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company follows a policy whereby supplier payment terms are agreed prior to entering into any contracts or transactions. These payment terms are upheld based on the timely and accurate submission of invoices. The standard payment terms are 45 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The majority of suppliers are on our standard payment terms. However, there are instances where different payment terms are agreed with suppliers.
Maximum contractual payment period agreed
45
Dispute Resolution Process
The company has robust processes and controls in place that must be followed with the objective of making payments within relevant terms. When disputes arise, the company aims to resolve these in a timely manner so that both parties can come to a resolution and payment be made accordingly. Disputes are resolved by the relevant contract owner within the business. Request for credits or back up documentation is requested at source. Disputed invoices will sit with the approver until resolved. The Shared Service Center send weekly reports of stopped invoices and actively manage the dispute resolution process with both suppliers and internal staff.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Schenker Limited is a global logistics company that offers a variety of services and products, with a strong focus on sustainability. The company is committed to reducing its environmental impact and promoting responsible business practices.
The company's sustainability program includes initiatives such as using eco-friendly packaging materials, optimizing transport routes to reduce emissions, and implementing energy-efficient practices in their warehouses and offices. They also have a strong commitment to ethical and fair labor practices, as well as supporting local communities through various charitable activities.
Schenker Limited offers a wide range of logistics services, including air and ocean freight, land transportation, contract logistics, and supply chain management. They also provide specialized services for various industries such as automotive, electronics, healthcare, and retail.
The key people at Schenker Limited include the CEO, Jochen Thewes, and the CFO, Guido Gries. They have a team of experienced professionals who are dedicated to providing high-quality services to their customers.
The company's website address is www.dbschenker.com. Their registered office address is Schenker Limited, 1st Floor, 2-4 Victoria St, St Albans AL1 3TF, United Kingdom.
In summary, Schenker Limited is a global logistics company with a strong focus on sustainability. They offer a wide range of services and products, and their commitment to responsible business practices makes them a trusted partner for many businesses. With a dedicated team of professionals and a strong sustainability program, Schenker Limited is well-positioned to continue its success in the logistics industry.
