GXO LOGISTICS UK LIMITED
Company Information
- Company Number
- SC037270
- Registered Address
- Building 1 9 Haymarket Square, Edinburgh, Scotland, EH3 8RY
- Status
- Active
- Employee Count
- 27275.0
- Turnover
- 1776611000.0
- EBITDA
- 68516000.0
Additional Details
- Website
- https://clippergroup.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 15 February 1962
- Nature of Business
- 49410 - Freight transport by road$52103 - Operation of warehousing and storage facilities for land transport activities
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East of Scotland
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 | 45 | 25% | 74% | 1% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 43 | 25% | 74% | 1% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 45 | 25% | 74% | 1% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 24% | 75% | 1% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 48 | 24% | 75% | 1% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Aug 2021 | 51 | 26% | 73% | 1% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 45 | 27% | 72% | 1% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 45 | 39% | 60% | 1% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 42 | 36% | 63% | 1% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 45 | 40% | 59% | 1% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 36 | 37% | 62% | 1% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 37 | 39% | 60% | 1% | 39% |
Company Summary
GXO Logistics UK Limited is a leading logistics company that specializes in providing supply chain solutions to businesses across the UK
They offer a wide range of services including transportation, warehousing, and distribution
The company is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote environmental responsibility
Their sustainability program includes the use of energy-efficient vehicles, the adoption of green technologies, and the implementation of waste reduction strategies
They also partner with their clients to develop sustainable supply chain solutions that minimize environmental impact
GXO Logistics UK Limited is dedicated to promoting sustainable practices throughout their operations and supply chain
The company offers a variety of products and services to meet the unique needs of their clients
This includes international and domestic transportation, warehousing and storage solutions, and supply chain management services
Their state-of-the-art technology and experienced team enable them to provide efficient and reliable services to their customers
GXO Logistics UK Limited is led by a team of experienced and dedicated professionals who are committed to providing exceptional service to their clients
This includes their CEO, Mark Manduca, who has over 25 years of experience in the logistics industry
Their team is focused on continuously improving their services and staying ahead of industry trends to meet the evolving needs of their customers
For more information on their services and sustainability initiatives, interested parties can visit their website at www.gxol.com
The registered office address for GXO Logistics UK Limited is 1st Floor, 1 Ashley Road, Altrincham, Cheshire, England, WA14 2DT
Company Review
Trend Analysis
The trend for GXO LOGISTICS UK LIMITED shows that the average time to pay invoices has been increasing over the past six periods, with a slight decrease in the latest period. The percentage of invoices paid within 30 days has also been decreasing, while the percentage of invoices paid between 31 and 60 days has been increasing. The percentage of invoices paid later than 60 days has remained relatively consistent, with a slight decrease in the latest period. There has also been a decrease in the percentage of invoices not paid within agreed terms. Overall, the trend indicates that there has been a delay in payment over the past few years for GXO LOGISTICS UK LIMITED.
Volatility Analysis
The data for GXO LOGISTICS UK LIMITED shows relatively low volatility, as there are no major fluctuations in the average time to pay invoices or the percentage of invoices paid within different time frames. However, there is a slight increase in volatility in the percentage of invoices paid within 30 days and the percentage of invoices not paid within agreed terms in the latest period.
Summary Analysis
Between Jan 2018 and Jun 2023, the average time for GXO LOGISTICS UK LIMITED to pay invoices has fluctuated between 36 and 51 days. The percentage of invoices paid within 30 days has decreased from 39% to 24%, while the percentage of invoices paid between 31 and 60 days has increased from 60% to 75%. The worst period for GXO LOGISTICS UK LIMITED in terms of paying invoices later than 60 days was in Jul 2021 to Dec 2021, with a percentage of 75%. The shortest (or only) standard payment period for GXO LOGISTICS UK LIMITED has remained consistent at 1 day throughout the entire period.
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 the end of the 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
