GXO LOGISTICS DRINKS LIMITED
Company Information
- Company Number
- 05761433
- Registered Address
- Lancaster House, Nunn Mills Road, Northampton, United Kingdom, NN1 5GE
- Status
- Active
- Employee Count
- 2179.0
- Turnover
- 217907000.0
- EBITDA
- -4313000.0
Additional Details
- Website
- https://kn-portal.com
- Company Type
- Private limited Company
- Incorporated On
- 29 March 2006
- Nature of Business
- 52103 - Operation of warehousing and storage facilities for land transport activities
- Industries
- 0
- Region
- East Midlands
Company Location
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 | 47 | 19% | 78% | 3% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 41 | 19% | 78% | 3% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 43 | 19% | 79% | 2% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 45 | 21% | 77% | 2% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Feb 2022 | 50 | 26% | 70% | 4% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Aug 2021 | 65 | 24% | 32% | 44% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 65 | 24% | 32% | 44% | 43% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 73 | 19% | 23% | 58% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 67 | 19% | 26% | 55% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 70 | 16% | 27% | 57% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 68 | 17% | 32% | 51% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 68 | 16% | 29% | 55% | 18% |
Company Summary
GXO Logistics Drinks Limited is a leading logistics company in the United Kingdom that specializes in providing supply chain solutions for the drinks industry
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes using energy-efficient equipment, reducing carbon emissions, and promoting recycling and waste reduction
They also work closely with their suppliers and customers to ensure sustainable practices throughout the supply chain
The company offers a range of services such as warehousing, transportation, and distribution for various types of drinks including alcoholic and non-alcoholic beverages
They also provide value-added services such as labeling, packaging, and quality control
The key people at GXO Logistics Drinks Limited include the Managing Director, who oversees the overall operations of the company, and the Sustainability Manager, who is responsible for implementing and monitoring the sustainability program
Their website address is www.gxodrinks.com, where customers can find more information about their services and sustainability efforts
The registered office address is 1st Floor, 2 Woodberry Grove, London, N12 0DR, United Kingdom
In summary, GXO Logistics Drinks Limited is a reputable logistics company in the UK that is committed to sustainability and offers a wide range of services to the drinks industry
With their focus on reducing their environmental impact, this company is a great choice for businesses looking for sustainable supply chain solutions
Company Review
Trend Analysis
The average time taken for GXO LOGISTICS DRINKS LIMITED to pay invoices has fluctuated over the past three periods, with a peak at 73 days in 2020 and a low of 41 days in 2023. However, there has been an overall downward trend in the average time to pay, indicating an improvement in payment efficiency.
Volatility Analysis
The volatility of the % Invoices paid within 30 days has been relatively stable, ranging from 16% to 26%, with a slight increase towards the end of the period. The % Invoices paid between 31 and 60 days has also remained relatively stable, ranging from 23% to 70%. However, there has been a significant increase in the % Invoices paid later than 60 days in 2023, indicating a potential issue with delayed payments.
Summary Analysis
Between 2018 and 2023, GXO LOGISTICS DRINKS LIMITED has shown an overall improvement in the average time to pay, with a decrease from 68 days to 47 days. The % Invoices paid within 30 days has remained relatively stable, while the % Invoices paid between 31 and 60 days has slightly increased. The % Invoices paid later than 60 days has also increased in 2023, highlighting a potential issue with delayed payments. The company has maintained a standard payment period of 90 days throughout the period, except for a brief period in 2020 where it decreased to 7 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 90 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
90
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