FEDEX UK LIMITED
Company Information
- Company Number
- 01541168
- Employee Count
- 1,871
- Turnover
- £158,987,000
- EBITDA
- £16,022,000
Additional Details
- Website
- https://fedex.co.uk/
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for FEDEX UK LIMITED to pay invoices has decreased steadily from 2017 to 2022, with the biggest decrease occurring between 2019 and 2020. The percentage of invoices paid within 30 days has also increased steadily, while the percentage of invoices paid later than 60 days has decreased.
Volatility Analysis
The average time taken for FEDEX UK LIMITED to pay invoices has been relatively stable, with only a 1 day difference between the highest and lowest averages. The percentage of invoices paid within 30 days has also been stable, with a maximum difference of only 2 percentage points.
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 Dec 2021 - 31 May 2022 | 21 Jun 2022 | 22 | 88% | 8% | 4% | 8% |
| 01 Jun 2021 - 30 Nov 2021 | 16 Dec 2021 | 22 | 90% | 5% | 5% | 10% |
| 01 Dec 2020 - 31 May 2021 | 28 Jun 2021 | 21 | 92% | 4% | 4% | 12% |
| 01 Jun 2020 - 30 Nov 2020 | 18 Dec 2020 | 20 | 93% | 4% | 3% | 16% |
| 01 Dec 2019 - 31 May 2020 | 24 Jun 2020 | 24 | 78% | 18% | 4% | 25% |
| 01 Jun 2019 - 30 Nov 2019 | 18 Dec 2019 | 24 | 75% | 23% | 2% | 10% |
| 01 Dec 2018 - 31 May 2019 | 13 Jun 2019 | 25 | 76% | 22% | 2% | 10% |
| 01 Jun 2018 - 30 Nov 2018 | 17 Dec 2018 | 24 | 78% | 20% | 2% | 12% |
| 01 Dec 2017 - 31 May 2018 | 15 Jun 2018 | 25 | 76% | 21% | 3% | 11% |
| 01 Jun 2017 - 30 Nov 2017 | 15 Dec 2017 | 29 | 71% | 22% | 7% | 32% |
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
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.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
80
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?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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
FedEx UK Limited is a subsidiary of the global shipping and logistics company, FedEx Corporation. The company provides a wide range of transportation, e-commerce, and business solutions to customers in the United Kingdom.
As part of its commitment to sustainability, FedEx UK Limited has implemented various initiatives to reduce its environmental impact. This includes using energy-efficient vehicles, optimizing delivery routes, and investing in renewable energy sources. The company also offers eco-friendly packaging options to its customers.
FedEx UK Limited's products and services include express delivery, international shipping, supply chain management, and e-commerce solutions. The company has a strong focus on technology and innovation, offering advanced tracking and shipping solutions to its customers.
The key people in charge of the company's operations in the UK include Richard Smith, Managing Director, and David Binks, Senior Vice President of Operations for Europe. They are supported by a team of dedicated employees who ensure the smooth and efficient operation of the company.
Customers can contact FedEx UK Limited through its website, where they can track shipments, get price quotes, and access customer support. The company's registered office address is located in London, and its website is www.fedex.com/gb/. Overall, FedEx UK Limited is a leading provider of shipping and logistics services in the UK, with a strong commitment to sustainability and customer satisfaction.
