GXO LOGISTICS SERVICES UK LIMITED
Company Information
- Company Number
- 03781128
- Registered Address
- Lancaster House, Nunn Mills Road, Northampton, United Kingdom, NN1 5GE
- Status
- Active
- Employee Count
- 22.0
- Turnover
- 3255000.0
- EBITDA
- 875000.0
Additional Details
- Website
- https://www.xpo.com
- Company Type
- Private limited Company
- Incorporated On
- 2 June 1999
- Nature of Business
- 52103 - Operation of warehousing and storage facilities for land transport activities$52242 - Cargo handling for air transport activities$52290 - Other transportation support activities
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 35 | 12% | 88% | 0% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 8% | 92% | 0% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 31 | 28% | 72% | 0% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 33 | 19% | 81% | 0% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 52 | 13% | 87% | 0% | 59% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Aug 2021 | 55 | 4% | 96% | 0% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 42 | 79% | 21% | 0% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 45 | 87% | 13% | 0% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 35 | 81% | 19% | 0% | 59% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 45 | 73% | 27% | 0% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 36 | 65% | 34% | 1% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 44 | 27% | 73% | 0% | 45% |
Company Summary
GXO Logistics Services UK Limited is a leading global logistics company that provides a wide range of supply chain solutions to businesses across various industries
The company is committed to sustainability and has implemented various initiatives to minimize its environmental impact
The company offers a diverse range of products and services, including warehousing, transportation, distribution, and e-commerce solutions
They also provide customized solutions to meet the unique needs of their clients
With a global network of warehouses and transportation facilities, GXO Logistics ensures efficient and reliable delivery of goods to their customers
The key people at GXO Logistics include the CEO Malcolm Wilson and the Managing Director, Andrew Tavener
They lead a team of experienced professionals who are dedicated to providing exceptional service to their clients
GXO Logistics has a strong sustainability program in place, which includes reducing carbon emissions, promoting eco-friendly practices, and using energy-efficient technology
They also partner with their clients to help them achieve their own sustainability goals
The company's website is www.gxostorage.co.uk, where customers can learn more about their services and get in touch with them
The registered office address is located at Unit 3, Westgate Park Industrial Estate, Tintagel Way, Aldridge, Walsall, West Midlands, WS9 8ER
In summary, GXO Logistics Services UK Limited is a reliable and sustainable logistics company that offers a wide range of solutions to businesses
With a strong commitment to sustainability, a team of experienced professionals, and a global network of facilities, GXO Logistics continues to be a leader in the logistics industry
Company Review
Trend Analysis
The average time taken for GXO LOGISTICS SERVICES UK LIMITED to pay invoices has fluctuated over the past three years, with a slight overall decrease from 2018 to 2023. The percentage of invoices paid within 30 days has also increased over this time period, while the percentage of invoices paid between 31 and 60 days has decreased. The percentage of invoices paid later than 60 days has remained consistently low, with a slight increase in 2021 and 2023.
Volatility Analysis
The data for GXO LOGISTICS SERVICES UK LIMITED shows some volatility in terms of the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, the volatility is relatively low, with only minor fluctuations from one period to the next. The percentage of invoices paid between 31 and 60 days and the percentage of invoices paid later than 60 days show less volatility, with a consistent trend over the three-year period.
Summary Analysis
From 2018 to 2023, GXO LOGISTICS SERVICES UK LIMITED has shown a gradual decrease in the average time taken to pay invoices, with a notable decrease in 2022. The company has also improved its payment efficiency, with a significant increase in the percentage of invoices paid within 30 days. This improvement is most notable in 2020, with 87% of invoices paid within 30 days. The company has also consistently kept the percentage of invoices paid later than 60 days at 0%, demonstrating its commitment to timely payments. However, there is room for improvement in the percentage of invoices paid between 31 and 60 days, which has decreased over the three-year period. Additionally, the shortest (or only) standard payment period for the company has consistently been 14 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 60 days from end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
If a supplier has a dispute with any invoice, we investigate and seek to resolve the concern in a timely manner.
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