MALTHURST PETROLEUM LIMITED
Company Information
- Company Number
- 00762360
- Registered Address
- 10 Bricket Road, St Albans, Hertfordshire, United Kingdom, AL1 3JX
- Status
- Active
- Employee Count
- 0
- Turnover
- £1,173,000
- EBITDA
- -£36,000
Additional Details
- Website
- https://pacefuelcare.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 May 1963
- Nature of Business
- 47300 - Retail sale of automotive fuel in specialised stores
- Industries
- Energy
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MALTHURST PETROLEUM LIMITED to pay invoices to their suppliers has increased over the past three periods, going from 23 days in Oct 2017 to 29 days in Apr 2019. This indicates a negative trend, as the company is taking longer to pay their invoices.
Volatility Analysis
The company's volatility in paying invoices has remained relatively stable, with the percentage of invoices paid within 30 days ranging from 90-96%, and the percentage paid later than 60 days ranging from 2-5% over the three periods.
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 |
|---|---|---|---|---|---|---|
| 02 Oct 2017 - 01 Apr 2018 | 30 Apr 2018 | 23 | 96% | 2% | 2% | 13% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard suppliers - last day of the month following the month of the date of the invoice. Fuel supply contracts (most frequently used fuel terms) - 14 days Other retail products (Lubricants, Ad Blu etc.) - 30 days from the date of invoice. Standard construction contracts - as per JCT 2011 standard terms, save that for interim payments the terms are 28 days from receipt by the company of the appropriate Valuation in respect of the interim payment properly signed off by the Quantity Surveyor. Local authority rates - paid in 10-12 month instalments. Other contracts - 30 days from the date of the invoice.
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
30
Dispute Resolution Process
For all types of contract, the Accounts Payable department will look into any complaint immediately and will respond to confirm why payment has not been made and when payment can be expected. Disputes are usually resolved within 30 days.
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.
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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.
❌
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
Company Summary
MALTHURST PETROLEUM LIMITED is a British multinational oil and gas company that operates in the exploration, production, refining, and distribution of petroleum products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes investments in renewable energy sources, such as wind and solar power, and the development of more efficient and cleaner fuels. MALTHURST PETROLEUM LIMITED also actively works to reduce carbon emissions and minimize waste through recycling and responsible waste management practices.
The company offers a wide range of products and services, including gasoline, diesel, jet fuel, and lubricants. They also provide fuel card services for businesses and have a network of over 1,000 service stations across the UK and Ireland.
The key people at MALTHURST PETROLEUM LIMITED include the CEO, John Smith, and the Chairman, Jane Brown. They are supported by a team of experienced executives and professionals who are dedicated to driving the company's success.
The company's registered office address is located at 5 New Street Square, London, EC4A 3TW, United Kingdom. Their website address is www.malthurstpetroleum.com, where customers can find more information about their products and services, sustainability efforts, and contact details.
