FUCHS LUBRICANTS UK PLC
Company Information
- Company Number
- 02412689
- Registered Address
- New Century Street, Hanley, Stoke On Trent, Staffordshire, ST1 5HU
- Status
- Active
- Employee Count
- 320.0
- Turnover
- 170090000.0
- EBITDA
- 12738000.0
Additional Details
- Website
- https://fuchslubricants.com
- Company Type
- Public limited Company
- Incorporated On
- 10 August 1989
- Nature of Business
- 19209 - Other treatment of petroleum products (excluding petrochemicals manufacture)
- Industries
- 0
- Region
- West Midlands
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 | 05 Feb 2024 | 39 | 44% | 52% | 4% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 40 | 48% | 47% | 5% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 36 | 51% | 40% | 8% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 38 | 55% | 40% | 5% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 37 | 58% | 36% | 6% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 38 | 63% | 33% | 4% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 36 | 67% | 29% | 4% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Sept 2020 | 38 | 49% | 42% | 10% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 41 | 59% | 34% | 6% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 31% | 53% | 16% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 38 | 36% | 52% | 12% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Aug 2018 | 39 | 31% | 60% | 9% | 9% |
Company Summary
FUCHS LUBRICANTS (UK) PLC is a leading lubricant manufacturer and supplier in the UK
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program focuses on reducing CO2 emissions, minimizing waste and promoting energy efficiency
FUCHS LUBRICANTS (UK) PLC also uses sustainable raw materials and packaging for their products
The company offers a wide range of lubricants for various industries including automotive, industrial, and marine
They also provide specialized services such as oil analysis and technical support to their customers
The key people at FUCHS LUBRICANTS (UK) PLC include the Managing Director, Steve Dyson, and the Head of Sustainability, Mark O'Connor
With their expertise and leadership, the company has achieved significant growth and success
For more information on their products, services, and sustainability efforts, customers can visit their website at www.fuchs.com/uk
The registered office address of FUCHS LUBRICANTS (UK) PLC is New Century Street, Hanley, Stoke-on-Trent, Staffordshire, ST1 5HU, United Kingdom
Company Review
Trend Analysis
The average time taken for FUCHS LUBRICANTS (UK) PLC to pay invoices has fluctuated over the past three years, with a slight increase in 2020 and 2021 before decreasing again in 2022 and 2023. The percentage of invoices paid within 30 days has also seen some variation, with a significant increase in 2022 and 2023 compared to the previous years. However, the percentage of invoices paid within 60 days has remained relatively stable, with a slight increase in 2023.
Volatility Analysis
The data shows some volatility in the average time taken to pay invoices, with fluctuations between 36 and 41 days. The percentage of invoices paid within 30 days has also seen some volatility, with a range of 36% to 67%. However, the percentage of invoices paid within 60 days has remained relatively stable, with a range of 29% to 60%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
end of month so can be between 30 and 60 days depending on when the invoice is received
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
Disputes are notified to the Account Payable (AP) Department. If no immediate resolution can be found they are escalated to the AP Supervisor. Once notified of a dispute we aim to resolve it within 5 working days. Should no resolution be found it is escalated to the Financial Controller
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
