| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 24 | 67% | 27% | 6% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 42 | 33% | 57% | 10% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 43 | 31% | 58% | 11% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 44 | 27% | 63% | 10% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Exel UK Limited is part of the DHL group of companies in the UK. DHL Terms and Conditions of Purchase effective March 2017, sets out that the payment of correct invoices is due, in the relevant currency as defined in DHL’s order, other than for Government or Local Government related contracts, 60 days net from which the invoice is dated, subject to satisfactory receipt of goods and/or services. Exel UK Limited, as part of the DHL group of companies, has signed up to the UK Governments Prompt Payment Code for commercial reasons. This means that for Government or Local Government related contracts suppliers are paid promptly and the payment terms are 30 days end of month following or 30 days net.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
DHL Terms and Conditions of Purchase effective March 2017, sets out that if DHL disputes any sum on an invoice it will notify the Supplier in writing of such dispute, giving full details of the dispute and of the actual sum it claims on bona fide grounds not to be liable to pay. When suppliers are set up on the company’s system, they are sent a supplier pack. This pack provides the supplier with information on Exel UK Limited's terms and conditions, code of conduct and invoicing procedures including details on invoice disputes and DHL contact details.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Exel UK Limited is a freight transport and logistics company registered in England, previously known as Tibbett & Britten Limited until it was renamed in December 2004. According to Companies House records, its business activities are classed as freight transport by road and the operation of warehousing and storage facilities for land transport activities. The company is based in Milton Keynes and remains an active registered entity, though the extent of its wider corporate group affiliations is not detailed in the available evidence. No further descriptive information about specific services, clients or operational scale is available from the supplied evidence beyond these registered activities.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk