DOVER FUELING SOLUTIONS UK LIMITED
Company Details
Registration Number
SC058090
Registered Address
Exchange Tower 19 Canning Street Edinburgh EH3 8EH
Company Status
Active
Employee Count
594
Turnover
£109,086,000
EBITDA
£-9,550,000
Additional Information
Company Type
Private limited Company
Incorporated on
2 July 1975
Nature of Business (SIC)
24510 - Casting of iron
28290 - Manufacture of other general-purpose machinery not elsewhere classified
Industries
0
Region
East of ScotlandCompany Location
Financial Overview
£0
£-28,783,000
Last Reporting Period
Filed
24 Jan 2022
Period
01 Jul 2021 - 31 Dec 2021
Payment Timing
Average Time to Pay
64 days
Payment Periods
Shortest
0 days
Longest
90 days
Max Contractual
120 days
Payment Timeline
Not Paid Within Terms
35%
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 2021 - 31 Dec 2021 | 24 Jan 2022 | 64 | 24% | 33% | 43% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 63 | 23% | 35% | 42% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Mar 2021 | 70 | 10% | 37% | 53% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Mar 2021 | 80 | 6% | 26% | 68% | 60% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 68 | 94% | 1% | 5% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 68 | 12% | 43% | 45% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 67 | 10% | 40% | 50% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Nov 2018 | 72 | 7% | 29% | 63% | 62% |
Company Summary
DOVER FUELING SOLUTIONS UK LIMITED is a leading provider of innovative fueling and convenience solutions for the petroleum and convenience store industries
The company is committed to sustainability and offers a range of products and services that promote energy efficiency and reduce environmental impact
The sustainability program at DOVER FUELING SOLUTIONS UK LIMITED focuses on reducing carbon emissions, conserving water and energy, and promoting waste reduction and recycling
The company also works with suppliers and partners to ensure sustainability throughout the supply chain
One of the key products offered by DOVER FUELING SOLUTIONS UK LIMITED is the Wayne Helix fuel dispenser, which is designed to reduce fuel evaporation and improve efficiency
The company also offers a range of fuel management systems, electronic payment solutions, and point-of-sale systems for convenience stores
The company is led by Managing Director, Mark Pumfrey, and has a dedicated team of professionals who are committed to delivering high-quality products and services
DOVER FUELING SOLUTIONS UK LIMITED is headquartered in Dundee, Scotland, and has offices and service centers across the UK
To learn more about DOVER FUELING SOLUTIONS UK LIMITED and their sustainability efforts, visit their website at www.doverfuelingsolutions.com/uk
The registered office address for the company is 8-10 Millburn Road, Fairmuir Industrial Estate, Dundee, DD3 7QJ, United Kingdom
Company Review
Trend Analysis
The data shows that DOVER FUELING SOLUTIONS UK LIMITED has steadily decreased their average time to pay invoices from 72 days in the first half of 2018 to 64 days in the second half of 2021. This indicates an improvement in their payment efficiency over time.
Volatility Analysis
The company's volatility in paying invoices can be seen in the fluctuation of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The highest volatility was seen in the first half of 2018, with a difference of 56% between the percentages of invoices paid within 30 days and those paid later than 60 days. This volatility has decreased over time, with the smallest difference of 19% seen in the second half of 2021.
Summary Analysis
DOVER FUELING SOLUTIONS UK LIMITED has shown consistent improvement in their payment efficiency over the past three years. From the first half of 2018 to the second half of 2021, the company has decreased their average time to pay invoices by 8 days. They have also increased the percentage of invoices paid within 30 days from 7% to 24%, while decreasing the percentage of invoices paid later than 60 days from 63% to 43%. This improvement can also be seen in the decrease in their volatility in paying invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Majority are 60 day standard payment terms
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
120
Dispute Resolution Process
Suppliers are notified of any invoices under dispute and work with the procurement team to resolve in a timely manner.
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?
❌
