DFDS SEAWAYS PLC
Company Details
Registration Number
01554521
Registered Address
Nordic House Western Access Road Immingham Dock Immingham North East Linc DN40 2LZ
Company Status
Active
Employee Count
497
Turnover
£75,718,000
EBITDA
£16,573,000
Additional Information
Website
blog.dfdsseaways.co.uk/Company Type
Public limited Company
Incorporated on
2 April 1981
Nature of Business (SIC)
52101 - Operation of warehousing and storage facilities for water transport activities
52220 - Service activities incidental to water transportation
70100 - Activities of head offices
Industries
Freight and haulage
Region
Yorkshire and The HumberCompany Location
Financial Overview
£93,732
£8,393,491
Last Reporting Period
Filed
11 Aug 2022
Period
01 Jan 2022 - 30 Jun 2022
Payment Timing
Average Time to Pay
42 days
Payment Periods
Shortest
7 days
Longest
94 days
Max Contractual
94 days
Payment Timeline
Not Paid Within Terms
16%
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 Jan 2022 - 30 Jun 2022 | 11 Aug 2022 | 42 | 41% | 26% | 33% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 44 | 48% | 15% | 36% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 55 | 31% | 24% | 45% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Jan 2021 | 48 | 41% | 31% | 28% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 49 | 32% | 35% | 33% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 44 | 37% | 36% | 27% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 43 | 36% | 40% | 24% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 15 Feb 2019 | 34 | 52% | 33% | 15% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Feb 2019 | 52 | 32% | 32% | 36% | 1% |
Company Summary
DFDS SEAWAYS PLC is a leading European shipping and logistics company, providing transportation services for passengers and freight across the North Sea, Baltic Sea, and English Channel
The company was founded in 1866 and is headquartered in Copenhagen, Denmark
The company operates a fleet of over 50 ships, offering both passenger and cargo services
Their passenger services include ferry crossings between the UK, France, Holland, and Denmark, as well as mini cruises and holiday packages
They also provide freight services for businesses, with a focus on sustainable and efficient transportation
DFDS SEAWAYS PLC is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have invested in new, fuel-efficient ships and are continuously working to reduce their carbon footprint
The company also has a waste management program in place and supports various environmental organizations
The key people at DFDS SEAWAYS PLC include CEO Torben Carlsen and Chairman of the Board of Directors, Erik Skjervedal
The company has over 8,000 employees and serves millions of passengers and businesses each year
For more information on their services, sustainability efforts, and contact details, please visit their website at www.dfds.com
The registered office address for DFDS SEAWAYS PLC is 22 Essex Street, London, WC2R 3AA, United Kingdom
Company Review
Trend Analysis
The average time for DFDS SEAWAYS PLC to pay invoices to suppliers has fluctuated over the past three periods, with a slight increase of 3 percentage points from 2018-2020, followed by a decrease of 3 percentage points from 2020-2021. However, there was a significant increase of 13 percentage points from 2021-2022.
Volatility Analysis
The trend for DFDS SEAWAYS PLC's average time to pay invoices has been relatively stable, with the largest change being a 13 percentage point increase from 2021-2022. The company has also maintained a consistent percentage of invoices paid within 30 days, ranging from 31-41%, and a consistent percentage of invoices paid between 31 and 60 days, ranging from 24-40%. However, the percentage of invoices paid later than 60 days has shown more volatility, ranging from 15-45%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Current month plus 63 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Variations to the standard payment terms can only be approved by the executive board of the parent undertaking, DFDS A/S
Maximum contractual payment period agreed
94
Dispute Resolution Process
Invoices should be emailed to the Shared Service Centre for the DFDS UK Group in Poznan, Poland, ap2089@dfds.com. To ensure invoices are processed in a timely manner, they must include a purchase order number or the full name of the person who placed the order, without such details the invoice may be rejected. The company utilise a document scanning system which accept invoices submitted as PDF, DOC and XLSX files. All queries are processed by the Shared Service Centre, who can be contacted at the above email address or by telephone on +48 61 65 89 000. Copy invoices, statements and payment queries should be sent to that email address.
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?
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