DEN HARTOGH DRY BULK LOGISTICS LIMITED
Company Information
- Company Number
- 01591693
- Registered Address
- 4 Beacon Way, Hull, HU3 4AE
- Status
- Active
- Employee Count
- 105
- Turnover
- £63,177,000
- EBITDA
- £4,717,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 October 1981
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
DEN HARTOGH DRY BULK LOGISTICS LIMITED demonstrates a clear trend of extended payment cycles, with an average payment time of 52 days. A substantial 54% of payments fall within the 31-60 day range, indicating a consistent pattern of settling invoices beyond standard 30-day terms. The minimal 8% paid within 30 days reinforces this trajectory towards generally slower payment processing.
Volatility Analysis
The company exhibits notable volatility with 38% of payments exceeding 60 days, creating significant unpredictability for a supplier's cash flow. Furthermore, a 14% late payment rate directly indicates a risk of unreliability in adhering to agreed-upon payment schedules. This distribution highlights a portion of transactions where payment timing is highly inconsistent and potentially very delayed.
Summary Analysis
Suppliers should approach DEN HARTOGH DRY BULK LOGISTICS LIMITED with caution, considering the consistently extended payment terms and the significant proportion of payments beyond 60 days. Decision factors should include the potential impact on cash flow and the acceptable risk level given the 14% late payment rate. Mitigate risk by exploring stricter payment terms, requiring upfront deposits, or implementing clear late payment clauses.
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 2019 - 30 Jun 2019 | 29 Jul 2019 | 52 | 8% | 54% | 38% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 16 May 2019 | 56 | 5% | 53% | 42% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 57 | 2% | 48% | 50% | 4% |
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
7 DAYS NETT 30 DAYS NETT MONTHLY eg all jan invoices would be paid 28.2.19 60 DAYS NETT MONTHLY eg all jan invoices would be paid 31.3.19
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
DISPUTES ARE DEALT WITH BY ACCOUNTS PAYABLE DEPT WHOM RECEIVE AND BOOK ALL INVOICES RECEIVED ONTO A REGISTER. THEY CONTACT SUPPLIER BY EMAIL OF DISPUTES WITHIN 7 DAYS AND THEN REGULARLY CHASE UP THE RESOLUTION/CREDIT NOTE
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?
❌
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
DEN HARTOGH DRY BULK LOGISTICS LIMITED is an active private limited company specialising in the logistics and transportation of dry bulk materials. This indicates its core business involves managing the supply chain for non-liquid, granular, or powdered goods.
The company, active under company number 01591693, was incorporated on 15 October 1981. Its registered office is located at 4 Beacon Way, Hull, HU3 4AE, operating from the Yorkshire region.
In the UK market, companies providing dry bulk logistics typically offer services such as road, rail, and sea freight transportation for materials like grains, minerals, chemicals, and construction aggregates. These services often include warehousing, storage, material handling, and supply chain management solutions tailored for bulk goods.
