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The average time for DFDS SEAWAYS PLC to pay invoices to suppliers has fluctuated over the past three periods, with a slight increase of 3 percentage points from 2018-2020, followed by a decrease of 3 percentage points from 2020-2021. However, there was a significant increase of 13 percentage points from 2021-2022.
The trend for DFDS SEAWAYS PLC's average time to pay invoices has been relatively stable, with the largest change being a 13 percentage point increase from 2021-2022. The company has also maintained a consistent percentage of invoices paid within 30 days, ranging from 31-41%, and a consistent percentage of invoices paid between 31 and 60 days, ranging from 24-40%. However, the percentage of invoices paid later than 60 days has shown more volatility, ranging from 15-45%.
| 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 | 11 Aug 2022 | 42 | 41% | 26% | 33% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 44 | 48% | 15% | 36% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 55 | 31% | 24% | 45% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Jan 2021 | 48 | 41% | 31% | 28% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 49 | 32% | 35% | 33% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 44 | 37% | 36% | 27% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 43 | 36% | 40% | 24% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Feb 2019 | 34 | 52% | 33% | 15% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Feb 2019 | 52 | 32% | 32% | 36% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Current month plus 63 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Variations to the standard payment terms can only be approved by the executive board of the parent undertaking, DFDS A/S
Maximum contractual payment period agreed
94
Invoices should be emailed to the Shared Service Centre for the DFDS UK Group in Poznan, Poland, ap2089@dfds.com. To ensure invoices are processed in a timely manner, they must include a purchase order number or the full name of the person who placed the order, without such details the invoice may be rejected. The company utilise a document scanning system which accept invoices submitted as PDF, DOC and XLSX files. All queries are processed by the Shared Service Centre, who can be contacted at the above email address or by telephone on +48 61 65 89 000. Copy invoices, statements and payment queries should be sent to that email address.
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
DFDS Seaways plc is a UK-registered public limited company that has traded under several previous names, including DFDS plc and DFDS Tor Line plc, before adopting its current title. Its registered office is in Immingham, and its stated business activities cover the operation of warehousing and storage facilities for water transport, services incidental to water transportation, and head office activities. This indicates the entity functions as a UK operating and administrative base within the wider DFDS shipping group, supporting ferry and freight-related water transport operations rather than owning cargo itself. It has been active since incorporation in 1981.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk