VALERO LOGISTICS UK LTD
Company Information
- Company Number
- 08589245
- Registered Address
- 27th Floor 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA
- Status
- Active
- Employee Count
- 55.0
- Turnover
- 15400000.0
- EBITDA
- -481000.0
Additional Details
- Website
- https://texaco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 June 2013
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- 0
- Region
- London
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 | 31 Jan 2024 | 28 | 80% | 18% | 1% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 28 | 78% | 21% | 0% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 27 | 84% | 15% | 0% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 28 | 78% | 21% | 0% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 27 | 83% | 17% | 0% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 28 | 82% | 17% | 1% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 29 | 81% | 17% | 2% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 27 | 81% | 18% | 1% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 28 | 81% | 18% | 1% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 27 | 80% | 20% | 0% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 82% | 18% | 0% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 81% | 18% | 1% | 28% |
Company Summary
Valero Logistics UK Ltd is a subsidiary of Valero Energy Corporation, a leading international supplier and marketer of transportation fuels, petrochemical products, and power
Valero Logistics UK Ltd specializes in the storage, distribution, and marketing of petroleum products in the United Kingdom
As a responsible and sustainable company, Valero Logistics UK Ltd is committed to minimizing its environmental impact and promoting a safe working environment for its employees
This is reflected in their sustainability program, which focuses on reducing emissions, energy consumption, and waste generation
They also work closely with local communities and invest in initiatives that promote environmental conservation and community development
Valero Logistics UK Ltd offers a range of products and services including the storage and distribution of gasoline, diesel, and jet fuel, as well as bulk liquid storage and handling
They also provide a fuel card program for commercial customers, offering convenient and cost-effective fuel solutions
The key people at Valero Logistics UK Ltd include Mark G
Cosgrove, the Managing Director, and John L
Boyle, the Operations Director
Both have extensive experience in the petroleum industry and are committed to the company's vision and values
To contact Valero Logistics UK Ltd, their website address is www.valerologistics.co.uk
Their registered office address is Valero Logistics UK Ltd, 2 Brabazon Office Park, Golf Course Lane, Filton, Bristol, BS34 7PZ
Their customer service team can also be reached at +44 (0) 117 929 3838 or via email at customerservice@valerologistics.co.uk
Company Review
Trend Analysis
The average time taken for VALERO LOGISTICS UK LTD to pay invoices has fluctuated over the past three years, but has remained relatively consistent overall. It increased from 28 days in 2018 to 29 days in 2020, but then decreased back to 28 days in 2021. However, there was a significant decrease in the percentage of invoices paid later than 60 days in 2019, with only 1% of invoices paid late, compared to 18% in the previous year. This trend continued in 2020, with only 2% of invoices paid late.
Volatility Analysis
The volatility of VALERO LOGISTICS UK LTD's invoice payment time has been relatively low, with the average time to pay only fluctuating by 1 day between the years of 2018 and 2023. The percentage of invoices paid within 30 days has also remained consistent, only varying by 2% over the same time period. However, there was a significant decrease in the percentage of invoices paid later than 60 days in 2019, with a decrease of 17% from the previous year.
Summary Analysis
Between 2018 and 2020, VALERO LOGISTICS UK LTD maintained an average time to pay of 28 days and consistently paid 81% of invoices within 30 days. The percentage of invoices paid later than 60 days saw a significant decrease in 2019, with only 1% paid late compared to 18% in the previous year. This trend continued in 2020, with only 2% of invoices paid late.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
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
30
Dispute Resolution Process
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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
