HOYER GAS PETROLEUM LOGISTICS LIMITED
Company Information
- Company Number
- 01164085
- Registered Address
- 517 Leeds Road, Huddersfield, W Yorkshire, HD2 1YJ
- Status
- Active
- Employee Count
- 1418.0
- Turnover
- 169189000.0
- EBITDA
- 6941000.0
Additional Details
- Website
- https://www.hoyer.uk.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 March 1974
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
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 | 02 Feb 2024 | 32 | 44% | 50% | 4% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 34 | 41% | 55% | 4% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 32 | 45% | 51% | 4% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 41 | 28% | 63% | 9% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 47 | 29% | 60% | 12% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 47 | 23% | 66% | 11% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 49 | 29% | 58% | 13% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 44 | 26% | 63% | 11% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 39 | 38% | 54% | 8% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 41 | 32% | 60% | 8% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Jan 2019 | 46 | 28% | 60% | 12% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Jul 2018 | 44 | 28% | 62% | 10% | 11% |
Company Summary
HOYER GAS & PETROLEUM LOGISTICS LIMITED is a leading global logistics company that specializes in the transportation and storage of gas and petroleum products
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program focuses on reducing carbon emissions, minimizing waste and promoting the use of renewable energy sources
This includes investing in a modern fleet of vehicles, using alternative fuels, and implementing efficient routing systems to reduce fuel consumption
In terms of products and services, HOYER offers a wide range of logistics solutions for the gas and petroleum industry
This includes transportation via road, rail, and sea, as well as storage and distribution services
The company also offers specialized services such as tank cleaning and maintenance
Some key people in the company include CEO Ortwin Nast, who has been with the company for over 30 years, and CFO Thomas Hoyer, who has extensive experience in the logistics industry
HOYER GAS & PETROLEUM LOGISTICS LIMITED can be contacted through their website, which also provides information on their services and sustainability efforts
The company's registered office address is in London, UK, but they have a global presence with operations in over 120 countries
In conclusion, HOYER GAS & PETROLEUM LOGISTICS LIMITED is a reputable logistics company that prioritizes sustainability and offers a wide range of services for the gas and petroleum industry
With a strong leadership team and a commitment to reducing their environmental impact, the company continues to be a leader in the industry
Company Review
Trend Analysis
The data shows a consistent trend of HOYER GAS & PETROLEUM LOGISTICS LIMITED taking longer to pay their invoices over the years, with an average time to pay increasing from 44 days in 2018 to 47 days in 2023.
Volatility Analysis
The volatility of the data is relatively stable, with the average time to pay varying within a range of 12 days over the past five years. However, there is a slight increase in volatility in 2022, with the average time to pay decreasing by 9 days compared to the previous year.
Summary Analysis
From 2018 to 2023, there has been a gradual increase in the average time for HOYER GAS & PETROLEUM LOGISTICS LIMITED to pay their invoices, from 44 days to 47 days. This is reflected in the percentage of invoices paid within 30 days, which has decreased from 28% in 2018 to 29% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard contractual payment terms are 60 days from the end of the month of receipt of invoice. (therefore 75 days average) In practice, our IT payment system uses invoice date rather than the receipt date, therefore paying earlier than contractually obliged in most cases. Invoices are not released for payment until fully authorised and matched to an approved purchase order. Payments can be delayed while invoice discrepancies are investigated and resolved. By exception we also pay some suppliers earlier, particularly where the supplier takes payment by Direct Debit. Our standard payment terms are not formally amended in these instances.
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
All invoices must be matched to an approved purchase order. If there is a variance between the invoice and the purchase order the invoice will be held until the difference is resolved. The originator of the purchase order will contact the supplier directly, by phone or email, to begin discussions to resolve the difference.
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.
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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
