MOTOR FUEL LIMITED
Company Information
- Company Number
- 05206547
- Registered Address
- 10 Bricket Road, St Albans, Hertfordshire, United Kingdom, AL1 3JX
- Status
- Active
- Employee Count
- 308
- Turnover
- £6,350,016,000
- EBITDA
- £466,905,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 August 2004
- Nature of Business
- 47300 - Retail sale of automotive fuel in specialised stores
- Industries
- Commerce Models, Energy, Road Travel
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for MOTOR FUEL LIMITED has increased from 23 days in the first period to 26 days in the third period, indicating a trend of slower payment over time.
Volatility Analysis
The company's volatility in terms of payment time can be seen in the fluctuation of the percentage of invoices paid within 30 days. In the first period, 81% of invoices were paid within 30 days, while in the third period, this percentage dropped to 78%.
Summary Analysis
From Jan 2018 to June 2019, MOTOR FUEL LIMITED has shown a consistent trend of slower payment, with the average time to pay increasing from 23 days to 26 days. The percentage of invoices paid within 30 days has also decreased from 81% to 78% over this period.
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 2018 - 30 Jun 2018 | 07 Aug 2018 | 23 | 81% | 17% | 2% | 2% |
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
Motor Fuel Limited operates standard payment terms of Invoice Date plus 30 Days.
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
Motor Fuel Limited operate a resolution process where the Supplier is invited to speak to their contact within MFL (typically the individual who places the orders with the Supplier) and outline their concerns. It is hoped that between them these two individuals will be able to solve all issues.
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
Motor Fuel Limited is a leading fuel retailer based in the United Kingdom. The company has been in operation since 1964 and has a strong commitment to sustainability and environmental responsibility.
Their sustainability program includes initiatives such as reducing carbon emissions, promoting the use of alternative fuels, and implementing energy-efficient practices in their operations. They also prioritize responsible sourcing and work towards reducing waste and promoting recycling.
As a fuel retailer, Motor Fuel Limited offers a range of products and services to meet the needs of their customers. These include petrol, diesel, and LPG as well as convenience store items and car wash services.
The company is led by a team of key people, including the Chairman, CEO, and Managing Director. They have a dedicated customer service team that can be contacted via their website or by phone.
The registered office address for Motor Fuel Limited is located at 8a Salisbury Square, London, EC4Y 8BB. Their website address is www.motorfuelgroup.com.
Overall, Motor Fuel Limited is a reputable and sustainable company that provides essential fuel products and services while prioritizing environmental responsibility. Their commitment to sustainability sets them apart from other fuel retailers in the UK.
