Score of 90.4/100 qualifies for PaymentCheck Certification
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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.
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
80
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable department (ukapadmin@fedex.com).
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
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.
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