| 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 | 10 Jan 2020 | 48 | 32% | 46% | 22% | 82% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 50 | 26% | 48% | 26% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 51 | 20% | 53% | 27% | 89% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 42 | 29% | 53% | 18% | 81% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 60 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
60
Disputes/queries will be logged and the responsible authoriser will then query with the supplier. The supplier may then chase for payment so the Accounts Payable team will then go to the authoriser for an update and if necessary contact their supervisor or manager if there is a delay. If it is an issue with our local references Accounts Payable team will liaise directly with supplier to resolve any issues and delay of payment.
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
GEODIS United Kingdom Limited is part of GEODIS, a worldwide transport and logistics group. In Great Britain it provides freight transport by road, sea and air, together with warehousing, storage and value-added logistics services. Its offering includes customs and trade compliance support, supply chain management, project logistics, order fulfilment and omnichannel logistics for eCommerce, and reverse logistics. It serves sectors such as aerospace and defence, automotive, fast moving consumer goods, healthcare, high tech and retail. Companies House records show the business registered for freight transport by road, sea and coastal freight water transport, and warehousing and storage activities incidental to land transport.
Generated from the company's website and Companies House records. Sources: geodis.co.uk · geodis.co.uk · geodis.co.uk