POLAR SPEED DISTRIBUTION LIMITED
Company Information
- Company Number
- 03155092
- Registered Address
- 8 Chartmoor Road, Leighton Buzzard, Bedfordshire, LU7 4WG
- Status
- Active
- Employee Count
- 725
- Turnover
- £74,871,000
- EBITDA
- £6,696,000
Additional Details
- Website
- https://www.polarspeed.com/
- Company Type
- Private limited Company
- Incorporated On
- 5 February 1996
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Distribution And Delivery
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 29 Jul 2025 | 38 | 38% | 58% | 4% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 38 | 39% | 56% | 5% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 44 | 38% | 56% | 6% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 39 | 39% | 56% | 5% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 41 | 33% | 60% | 7% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Nov 2022 | 43 | 32% | 59% | 9% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Nov 2022 | 44 | 35% | 53% | 12% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 07 Nov 2022 | 45 | 35% | 52% | 13% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 07 Nov 2022 | 51 | 33% | 50% | 17% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Nov 2022 | 45 | 33% | 54% | 13% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Nov 2022 | 45 | 31% | 55% | 13% | 39% |
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
45 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
UPS’ dispute resolution process is outlined in contractual agreement with each supplier and outlined in UPS Terms and Conditions.
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
Company Summary
POLAR SPEED DISTRIBUTION LIMITED is a leading provider of temperature-controlled logistics solutions in the United Kingdom. The company specializes in the delivery of chilled and frozen goods, with a focus on sustainability and efficiency.
The company's sustainability program includes initiatives to reduce carbon emissions and minimize its environmental impact. This includes investing in electric and hybrid vehicles, using renewable energy sources, and implementing efficient routing and vehicle tracking systems.
POLAR SPEED DISTRIBUTION LIMITED offers a wide range of products and services, including temperature-controlled warehousing, distribution, and storage solutions. They also provide bespoke solutions for specific customer needs, such as pharmaceutical and healthcare logistics.
The key people at POLAR SPEED DISTRIBUTION LIMITED include the CEO, Peter Boucher, and the Managing Director, Andrew Parkinson. The company prides itself on its dedicated and experienced team of logistics professionals, who are committed to providing high-quality services to their customers.
The company's website address is www.polar-speed.com, where customers can find information about their services, sustainability efforts, and contact details. The registered office address is located at Unit 3, Evolution, Lymedale Business Park, Newcastle-under-Lyme, Staffordshire, ST5 9QF.
Overall, POLAR SPEED DISTRIBUTION LIMITED is a reputable and sustainable logistics company that offers efficient and reliable temperature-controlled solutions to its customers. With its commitment to sustainability and experienced team, the company continues to be a leader in the industry.
