KIER FLEET SERVICES LIMITED

Company Information

Company Number
02127113
Registered Address
2nd Floor Optimum House, Clippers Quay, Salford, England, M50 3XP
Status
Active
Employee Count
8.0
Turnover
39464000.0
EBITDA
476000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 April 1987
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Travel And Transportation
Region
North West

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£18,651,000.00
Net Worth
£14,900,000.00
Total Current Assets
£52,774,000.00
Total Current Liabilities
£24,406,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
31 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
59%
31-60 Days
32%
After 60 Days
9%
Not Paid Within Terms7%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20243159%32%9%7%
01 Jan 2023 - 30 Jun 202328 Jul 20233073%21%6%53%
01 Jul 2022 - 31 Dec 202230 Jan 20233768%21%11%22%
01 Jan 2022 - 30 Jun 202229 Jul 20223953%38%9%50%
01 Jul 2021 - 31 Dec 202128 Jan 20224537%50%13%63%
01 Jan 2021 - 30 Jun 202130 Jul 20214633%55%12%53%
01 Jul 2020 - 31 Dec 202029 Jan 20214915%58%27%68%
01 Jan 2020 - 30 Jun 202030 Jul 20204228%59%13%71%
01 Jul 2019 - 31 Dec 201930 Jan 20203649%36%15%61%
01 Jan 2019 - 30 Jun 201930 Jul 20194535%50%15%49%
01 Jul 2018 - 31 Dec 201830 Jan 20195622%52%26%74%
01 Jan 2018 - 30 Jun 201830 Jul 20184634%49%17%36%
01 Jul 2017 - 31 Dec 201730 Jan 20183939%49%12%37%

Company Summary

KIER FLEET SERVICES LIMITED is a leading provider of fleet management and sustainable solutions in the UK

The company offers a range of services including vehicle leasing, maintenance, fuel management, and telematics to help businesses optimize their fleet operations

One of the key focuses of KIER FLEET SERVICES LIMITED is sustainability

The company has implemented a number of initiatives to reduce carbon emissions and promote eco-friendly practices within the fleet industry

This includes offering electric and hybrid vehicles, as well as promoting efficient driving techniques to reduce fuel consumption

The company also offers a range of products and services to help businesses achieve their sustainability goals

This includes carbon footprint reporting, alternative fuel options, and vehicle tracking systems to monitor and improve efficiency

KIER FLEET SERVICES LIMITED is led by a team of experienced professionals, including the CEO, Andrew Smith, who has over 30 years of experience in the fleet industry

The company is committed to providing excellent customer service and tailoring solutions to meet the unique needs of each client

To learn more about KIER FLEET SERVICES LIMITED and their sustainable solutions, interested parties can visit their website at www.kier.co.uk/fleet-services

The company's registered office address is Tempsford Hall, Sandy, Bedfordshire, SG19 2BD, United Kingdom

Company Review

Trend Analysis

The trend for KIER FLEET SERVICES LIMITED's average time to pay has fluctuated between 30 and 56 days over the past three years. However, there has been a consistent increase in the percentage of invoices paid within 30 days, while the percentage of invoices paid later than 60 days has decreased. This suggests that the company has made efforts to improve their payment processes and pay suppliers more promptly.

Volatility Analysis

KIER FLEET SERVICES LIMITED's payment patterns have shown moderate volatility, with changes in their average time to pay ranging from a decrease of 17 days to an increase of 9 days. The company's payment periods have also varied, with the shortest standard payment period being 7 days in all reporting periods.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Payment terms are agreed with suppliers and subcontractors as part of contract negotiations and aligned with relevant codes to ensure compliance. Terms vary from 7 days from invoice received date (IRD) to 60 days from IRD; the most common payment term is 30 days from IRD.

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

60

Dispute Resolution Process

Kier Fleet Services is a strong advocate of fair treatment for all supply chain partners and constantly strives to improve transparency, increase certainty of payment and in reduce time to pay. We are working hard to simplify internal processes and approvals, towards minimising time to pay for our supply chain partners; we are also working with those supply chain partners to inform and upskill where required towards right first time invoicing to avoid payment delays. Where they happen, Kier Fleet Services actively seeks to resolve disputes as quickly as possible, through close interaction with suppliers; in the interests of fair treatment for all supply chain partners, dispute resolution is treated as a priority. Typically, these issues can be resolved through coordination between our payables teams and supplier credit control teams within an agreed process for dealing with disputes which is communicated to suppliers, and where necessary procurement and commercial teams are engaged to support the earliest commercial resolution; where resolution is still unable to be achieved, senior management will be engaged towards the swiftest possible conclusion. Where agreement cannot be reached to the mutual satisfaction of both parties other dispute resolution channels will be deployed, such as mediation, arbitration and expert determination.

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

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