| 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 2019 - 31 Dec 2019 | 20 Feb 2020 | 42 | 40% | 29% | 31% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 42 | 39% | 30% | 31% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 40% | 35% | 25% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 50 | 39% | 36% | 25% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days EOM
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
115
Complaints by suppliers should be directed in the first instance to a named individual responsible for the expenditure. Any resolution is specific to and agreed upon with each supplier.
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.
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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
Kingspan Water & Energy Limited is a Northern Ireland registered company forming part of the Kingspan Group. It trades as Fuel Tank Shop, an online retailer supplying bunded and single skin oil, diesel, AdBlue and waste oil storage tanks, bowsers and transportable tanks, dispensing pumps, fuel management and monitoring systems, tank security equipment and spill control products. Stock is held at a Somerset warehouse for nationwide delivery, serving homeowners, farms, contractors and larger organisations. The company also works with OFTEC approved installers and third-party tank manufacturers whose products it sells, positioning itself as supplying directly from manufacturers rather than as a reseller.
Generated from the company's website and Companies House records. Sources: fueltankshop.co.uk · fueltankshop.co.uk