Spotlight 38
Pictured at last year’s FPS Expo in Harrogate, James Smith with wife Anne and Kevin Kennerley, NWF Fuels
Well-known to many in the fuel oil distribution industry, James Smith started Fuel Oil News back in 1977. A journalist with family roots in the energy industry, having started Knutsford Oil, he spotted a gap in the industry’s communication channel giving rise to a trade magazine which, in November this year, will have been published every month for 36 years.
The funeral will take place at 1.30pm on Thursday 7th February at St Mary’s Church in Rostherne, Cheshire. Anyone wishing to attend and/or wanting further information should contact Fuel Oil News editor Jane Hughes on 01565 653283 or by email at jane@fueloilnews.co.uk.
An article exploring James Smith’s contribution to the fuel oil distribution industry will be published in the April issue of Fuel Oil News.
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Staffordshire Fuels relying on Alpeco’s technology to keep vehicles on the road
The new 6-wheel, four compartment vehicle built by Tasca Tankers is fully equipped with Alpeco’s bottom loading/electronic metering package, featuring the TE550 and new LC Sound gas separation system.
General manager Steve Davies said: “Whenever possible, we embrace new technology, especially when it improves safety and efficiency. We’ve been buying Alpeco equipment for about 10 years and have stayed loyal; the technology and reliability of the company’s equipment is beyond question. We’ve always been delighted with Alpeco’s speedy response to our service calls which helps keep our vehicles on the road.”
Based near Stone in Staffordshire, Staffordshire Fuels is an authorised Phillips 66 distributor supplying domestic, agricultural, commercial and haulage clients throughout Staffordshire and the West Midlands.
OJ Williams regional manager, south west, Steve Morgan
OJ Williams has appointed a new regional manager, Steve Morgan, to oversee its commercial and domestic oil business in the south west of England.
Steve brings over 15 years of managerial experience to the role, having held several senior positions within the FMCG and car hire sectors.
Steve will be responsible for stimulating growth in the region, motivating the team and ensuring top customer service.
Paul Williams, director, England and Wales, commented: “Over his career, Steve has worked in a wide range of sectors and the skills he has acquired will complement his new position within the fuel industry. His managerial expertise, coupled with his excellent reputation for customer service, ensures he will be a key addition to the team.”
Steve said: “I’m looking forward to being able to apply my expertise as part of such a driven and dedicated team. I’m eager to contribute to OJ Williams’ continuing success and help to drive growth going forward, as well as to support the team in ensuring the OJ Williams brand is the first choice for customers across the region.”www.ojwilliams.co.uk
Speaking to many fuel distributors in Ireland recently, the most frequently used word to describe the current market was ‘challenging.’
“It’s been a tough year to date,” said Donall O’Connor, managing director of online distributor www.ValueOils.com based in County Antrim. “Customers are trying to extract the best price for everything – including their oil – and at the same time they’re also buying lesser quantities. On top of that, oil is less attractive for heating and gas is making significant inroads.”
FON asked distributors what they were doing to tackle the tough times and to ensure their business survives, and even thrives.
Be prepared
“We spend a lot of time preparing the company for the busy periods, so that when they arrive we’re in the best position to take advantage of opportunities,” added Donall.
“Being web-based, we have a lower cost structure; 99% of our orders are online. That means we can compete at the sharper end of the price strategy, and offer a more attractive deal.”
“We introduced a budget prepayment scheme following customer feedback. While we don’t offer credit, customers can choose to put an amount on a card each month, and then just pay the balance when the bill comes in.”
Stay positive
Agreeing that customers are increasingly price focused is Gordon Halnon, of County Wexford-based Gordon Halnon Oils. “You can lose a customer for the sake of €10 here or there. Service is much less important to them.
“It’s extremely competitive but important to stay positive. Hold onto your customers as best you can – the market will get better eventually and we all want to be there when it does!”
Reward customers and staff
Another distributor spoke about benefits now being offering to customers and staff.
“We incentivise staff with new account and upgrade bonuses, and seasonal prizes – last year’s was a 42-inch television; this year we’re offering free iPads for the highest upgrade to our premium kerosene.
“When they purchase 700 litres or more of heating oil, customers are being offered 10ppl off their next fill of petrol/diesel from one of our retail sites.”
However, this distributor emphasised that the biggest way to safeguard business was to protect reputation. “Deliver on promises, be fair and do the right thing when situations arise.”
Diversify
Brian Uprichard, who owns Armagh-based Brian Uprichard Fuels, said: “We diversified about a year ago and acquired a petrol station. As well as added sales from petrol, we also have a kerosene pump for heating oil. For those who might be struggling, it’s a way to budget for small amounts of oil at a time.
“We’ve also put a PayPoint logo in the shop, so when customers come in to pay for petrol they see the logo and ask about the delivery business.”
Brian’s last piece of advice is the easiest to implement. “Get down on your knees and pray a lot!”
With 60% of the UK’s top 20 distributors providing boiler maintenance services to their domestic customers, it goes to show that such services still play a significant role in a distributor’s total offering
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Last year – according to research carried out by uSwitch – almost a quarter of households suffered a boiler breakdown.
The average cost of repairing that boiler was £280.
Although uSwitch reports boiler cover costing from as little as £130 a year, it says that with finances stretched, 62% of households do not have any cover.
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Providing customers with a one stop shop service
Dorset-based Ford Fuel Oils currently has a team of five engineers operating in the south west. “As a fuel company, we saw boiler servicing as the next progressive step. We wanted to offer our customers a one stop shop so we sell oil, we sell tanks and we replace boilers,” explains the company’s engineering manager, Gary Taylor.
“The market in the south west is reasonably buoyant. We have a good customer base with four depots to serve them,” addedGary. “One or two companies in the area are moving away from the industry, or have let people down, so we’ve also picked up business that way.”
Longer term, Ford Fuel Oils is aiming to service the boilers of all its domestic customers.
Distributors’ recommendations
Whilst companies such as Carrs Billington, Barton Petroleum and Chandlers Oil & Gas do not provide boiler servicing, they do recommend local engineers. Carrs Billington director, Derek Wallace told FON: “In a given area we recommend engineers and have done so for many years. The engineers are self-employed and we enjoy a very good working relationship.”
Too much competition
Cornwall-based Consols Oils does not offer boiler servicing. Managing director, Kevin Bennetts gave two reasons for this: “Firstly, we’re not technically competent and not inclined to get anyone in who is. It’s an overcrowded market. Secondly, we’d have to charge VAT, where as an independent, one man band doesn’t plus they’re better qualified, cheaper and already have a list of satisfied customers.”
Send your views on boiler servicing and providing boiler cover to liz@fueloilnews.co.uk
“We input the price when the order goes into the system, at the point when the customer places the order and a delivery ticket is produced. I would say that 95 % of our orders are delivered within two working days.”
Derek Wallace, Carrs Billington
“The customer will only ever pay the price that we’ve quoted. It works for us. We have reasonable storage so if the price flies away from us we’re able to absorb it fairly easily. We don’t fix the price for an entire week but instead review it on a daily basis, so there would only ever be a limited number of orders affected at any one time. It’s swings and roundabouts when the price drops as the price also remains as quoted on the day of the order.”
Helen Needham, Hingley and Callow
“Here at Craggs Energy we have always, and will always, believe that the price quoted is always what the customer should pay. We operate on a strict 3-day delivery policy so the movements in the market have minimal affect, but more importantly, all staff here are people of their word and would do anything possible to never let the customer down!”
Chris Bingham, Craggs Energy UK
“The price quoted is the actual price – it’s as simple as that, irrespective of supply or demand. There’s no hidden agenda. We wouldn’t quote a price if we couldn’t deliver for 10 days as we aim to deliver within two to three days.”
Ben More, Moorland Fuels
“As an emerging business, in a highly competitive marketplace, we are constantly canvassing new customers. It is vital that we are competitive on price, and if the price quoted does not match the price invoiced, this reflects badly on our customer service. So it is very important that the price quoted is the price the customer pays.”
Nick Goodwin, Standard Fuel Oils
David Blevings of the Northern Ireland Oil Federation
Rationalisation of the Northern Ireland (NI) oil distribution sector has stepped up a gear. Several businesses have been acquired by former competitors and one has gone into liquidation
________________________________________________________________Recent sales
Rosie Harris holding her winning design
Moorland Fuels received 100 entries for its Christmas card design competition.
Cameron Forecourt managing director Barry Jenner with new operations manager, Martyn Roper
Cameron Forecourt has appointed Martyn Roper as operations manager.
The move comes as the company approaches the end of a record year in terms of turnover and profit despite another difficult year for the economy.
Based at the company’s headquarters in Barnsley, South Yorkshire, Martyn will have overall responsibility for production, installation and service activities. This will include project planning and the co-ordination of installation contracts throughout the country.
Martyn is a qualified electrical and electronics engineer who spent the early part of his career as a design engineer working for avionics and computer companies. His first management role was at Sanderson Computers where he was UK engineering manager, before moving on to head of operations for a government-backed standards organisation serving the transportation industry.
Barry Jenner, Cameron Forecourt managing director said: “As the company takes on bigger and more complex fuelling installation contracts, it has become necessary to appoint an overall coordinator to manage our nationwide activities. Martyn’s experience and knowledge will prove immensely helpful and will release others to concentrate on the maintenance of professionalism and quality which is at the core of all we do.” www.cameronforecourt.co.uk
Celebrating their success managing director, Gerry Jones (centre) with members of the Dunraven team
Dunraven Systems, suppliers of Apollo tank telemetry equipment, won Dundalk’s Best High Growth SME award at the annual Louth County Business Awards.
Gerry Jones, managing director of Dunraven Systems, said: “We’re delighted to win this award, which is a testimony to the hard work, effort and commitment of everyone at Dunraven, together with the loyalty of our customers. Since Dunraven was established, we’ve sought to provide quality, innovative and best in class solutions, backed by world-class levels of service and product support.
“During the past 12 months, we’ve continued to develop our business through the introduction of new products in response to customer demand and in anticipation of future market demands.”
The category award was sponsored by Louth County Enterprise board and is open to businesses who have demonstrated strategic growth, innovation and entrepreneurship in this sector.www.dunravensystems.com
Linton Fuel Oils national account manager, Rupert Mills
Rupert Mills has been appointed as national accounts manager at Linton Fuel Oils.
Linton has offered national fuel deliveries to customers for some time, but Rupert’s introduction will allow a greater focus on offering a superior level of service to those who value a single point of contact for all of their fuel requirements.
The company provides extensive coverage in London and the South East, and elsewhere uses only approved independent distributors.
Rupert said: “This is an exciting opportunity for the smaller distributors to have a slice of the national cake, offering a very real alternative to the corporate suppliers who currently monopolise the market. The strength of the independents is based on the excellent service these companies have always offered.”
Neil Flynn, sales director, said: “Linton nationwide will be carefully integrated into the traditional Linton business and will provide a great platform for the company’s growth strategy. With his extensive industry experience and in-depth knowledge of national accounts, Rupert is the ideal person to drive this new division forward.”
www.lintonfueloils.com
Adam Kerbes has been appointed to oversee Pace Fuelcare’s business in the Midlands and will be based at a new office in Coleshill.
Adam will oversee oil distribution depots across the region, including the new office in Coleshill, which is scheduled to open before the end of the year.
His primary objectives will be to stimulate organic growth and position the Pace Fuelcare brand as the first choice for customers in the area.
Adam brings a wealth of industry experience, having held senior managerial positions within the LPG and retail divisions at BP UK, before joining Pace Fuelcare five years ago.
Adam said: “It’s my aim to ensure that we continue to provide the best level of customer service by extending our product range and service offering and providing individually-tailored packages, to ensure we are meeting the needs of our customers.
“The soon to be completed sales operation at Coleshill will play a key part in this by bringing our staff and distribution fleet from the nearby depots under one roof, making this location our transport hub for the region.”
Philip Wharton, general manager for Pace Fuelcare, added: “Adam was the natural choice for this position as he has extensive business and oil industry knowledge to bring to the role. His knowledge of the area and our customers’ requirements in this region are also vital qualities which will assist him to deliver the exceptional standards that our customers have come to expect.”
www.pacefuelcare.co.uk
Oiltanking, a subsidiary of Marquard & Bahls which also includes Mabanaft, has entered into an agreement to acquire the Helios terminal in Singapore.
Subject to regulatory approvals, the company will also acquire, the terminal’s holding company Chemoil.
The purpose-built Helios terminal has a total capacity of 503,000 cbm and was commissioned in 2008. Oiltanking already operates two terminals in Singapore with a combined storage capacity of more than 1.7million cbm.
www.mbholding.com.
Tony, who will chair the Greenergy Audit and Risk Committee, joined Premier Oil as finance director in June 2005. He started his career as a chartered accountant with Arthur Andersen before joining Lehman Brothers inLondon, initially as an oil sector analyst. He joined the investment banking division of Lehman in 1987 and from 1997 was managing director and head of the European Natural Resources Group. In this role he managed both client relationships and numerous transactions for a variety of European and North American clients.
Greenergy, Vopak and Shell UK completed the acquisition of the former Coryton oil refinery in Essex at the end of last month.
It marks the end of a sales process which started in June, after former owners Petroplus entered administration.
The joint venture plans to turn the site into an import and distribution terminal called Thames Oil Port, expected to be operational in 2013.
Ian Cochrane, managing director of Vopak Terminals UK, said: “Thames Oil Port will be a sustainable business designed to meet the fuel needs of London and the South East for the foreseeable future.
He added: “Over the next couple of months as the plans are finalised we will be able to give more information about how that business will be staffed and run.”
(L-R) Kevin Knight, Andy Tout, Jamie Starr, Becky Venton, Kevin McCoy and Chris Allen
Tincknell Fuels continues to operate separately as GB Oils acquires Tincknell Lubricants on 31st August.
The lubricants business will trade as Emo Oil, an authorised Shell lubricants distributor, supplying products to commercial, agricultural and domestic customers across the south west of England.
As well as consolidating its existing customer relationships in the region, the company will expand its service across all sectors, including industrial, agricultural, aviation and automotive.
As part of the acquisition, seven former Tincknell Lubricants’ employees will join the business, all to be based on the Dawlish Road in Exeter. Kevin Knight and Jamie Starr will be business development managers, Rebekah Venton an account manager, Andy Tout a depot supervisor, whilst Chris Sampson will be a yardman and Kevin McCoy and Chris Allen will be employed as drivers.
Ross Buckland, head of lubricants at GB Oils, commented: “This acquisition will further strengthen our position in the south west of England; increasing our storage and distribution infrastructure and enhancing our ability to attract and serve existing and new customers throughout the market. We welcome the Tincknell Lubricants team to the GB Oils family and look forward to building close working relationships in the months ahead.”
Stoddards shows off its new RTN tanker with Alpeco equipment
Stoddards has taken delivery of a brand new baby tanker from Road Tankers Northern.
The tanker is fully equipped with Alpeco bottom loading and vapour recovery equipment and the MF400 electronic meter system with metered uplift facility.
Judith Stoddard explained: “With so many of our drops being to rural villages, homes and farms we needed a small truck to cope with difficult access such as narrow gates and entrances. This was the prime motivating factor in going for a small truck just to carry on servicing those customers.
“My father used to buy trucks from RTN and we have continued to buy from them as they are knowledgeable about our business and offer an excellent product. The drivers like the Alpeco meters and are familiar with them and particularly like the remote control feature. I would think it fair to say that all the trucks we have in the future will be fitted with this facility.”
Clive Felton, RTN’s sales manager added. “We’ve dealt with Stoddards since the 1990s and have been their preferred supplier of fuel delivery vehicles ever since. The latest vehicle is 3-compartment, 8600 litre, aluminium, fully ADR and petroleum regulations compliant. The vehicle has been built on a DAF LF45 210 chassis.”http://www.stoddards.co.uk/
Latest figures released by Lewis Tankers show a much improved financial performance for 2011.
Revenues grew 53% over the previous year to £11 million, and there was a 90% improvement in gross margin, which resulted in a break even at operating profit (after interest) – a turnaround of £450,000 from 2010.
Performance is now ahead of the original five year business plan prepared by directors in 2009.
New business with Kuwait, World Fuel Services, Univar, and Brenntag, contributed to revenue growth, while the company has implemented a new operational control system, which has led to significant efficiencies. During the year the company restructured its management team to improve market focus by bringing together operational and commercial responsibilities.
As with the previous two years, business started poorly in 2012 due to unseasonal good weather, which affected volumes in fuel distribution, especially in Scotland. However, trading in other sectors has remained strong and the company expects to hit its financial targets.
Managing director Stewart MacDonald commented: “We’re pleased with our 2011 performance and are confident that we can continue to successfully develop the company. We continue to sign new business and our pipeline remains very strong for the balance of the year and beyond. With that in mind we are continuing to invest in new people and new vehicles. Staff numbers have grown from 108 to 120 and our tanker fleet has increased from 71 to 85.
“Probably the biggest challenge now facing us is to determine our geographical strategy. Increasingly, we’re producing new business opportunities outside our traditional operating locations in the north of England and Scotland, and we need to find sensible solutions – probably by small-scale acquisitions.”
http://www.lewistankers.co.uk/
Adler & Allan is among Britain’s 100 fastest growing private equity backed companies. Henry Simpson and Mark Calvert receive their award. The company achieved 67th place
The need to diversify is certainly a topic of conversation among fuel distributors – some have already ventured into third party haulage, whilst for others renewables are adding a new dimension.
When it comes to diversification and keeping one step ahead of the market, Adler & Allan (A&A) is a shining example. Starting out as a London-based coal and coke merchant in 1926, A&A became a fuel distributor over 40 years ago. Aided by a series of strategic acquisitions, the company has spread its wings to encompass a range of associated activities including tank and forecourt services, spill response, mechanical and electrical maintenance, waste management, fuel polishing and testing.
In the midst of developing further new services, Fuel Oil News editor, Jane Hughes spoke to group sales & marketing manager, Alan Scrafton, to learn more. “Fuel polishing, vapour recovery refining, forecourt security products, Sockit filters, oxygen depletion in waterways and spray coat bund lining – these are just some of the most recent services added as a natural progression, and ensure that A&A continues to grow,” Alan explained.
Bolstered by acquisitions and some major contract wins A&A has consolidated its UK-wide presence. Cross selling its new services to existing customers is further aiding the business’ organic growth.New appointments aid expansion
Heading up the marine sales drive is Glyn Humphries. Formerly with Briggs, Glyn is chairman of the UK Spill Association. “Glyn’s brought a new impetus and vast experience to A&A, particularly in this sector,” said Alan. “Working alongside a larger client base and the Maritime & Coastguard Agency, we also have a busy training schedule running tier 1 and 2 level exercises.” Richard Tindell’s appointment as marine operations manager has bolstered A&A’s capability in the field. Richard has already been on active duty with recent spills and oxygen depletion incidents in lakes around the UK.
Looking after the industrial and tank services section is general manager, Gary Wilson. Ex Veolia,Garyhas particular expertise in managing large scale contracts in refineries and power stations. New projects for this division include a trackside refuelling facility for locomotives carrying cargo at Doncaster, with prefabricated underground storage tanks linked to high speed refuelling pumps, and a petrol refuelling facility for marine craft with above ground tank storage.
The acquisition of E&S Environmental in 2009 brought Nobby and Andrew Clarke into the team together with Dr Philip Nathan who runs A&A’s fuel laboratory. “E&S has invested in the latest equipment to provide the same analysis results as a UKAS-accredited laboratory, which enables us to offer a very competitively priced and fast turnaround service,” Alan reported.
As group safety systems advisor, Tony Gallagher has a customer-facing approach on HSE matters. Good at presenting to customers, he is upgrading policy across the business. “Working with A&A’s forecourt businesses, E&S and AJ Bayliss, Tony is currently arranging customer H&S days; being such a critical part of the business, we’re looking to fine tune this all the time,” explained Alan.
“With SHEQ manager, Carol McCalla spearheading ISO accreditation across the Group, these appointments are enabling us to better fulfill critical contractual obligations.”A greater geographical spread
A&A’s strength lies in being able to offer customers a significant breadth of capability across a wide geographical area.
A&A now has two bases in Scotland and recently appointed John Gilmour as operations manager working alongside, Amanda Merchant, area manager Scotland.
Earlier this year A&A Scotland were highly commended by all stakeholders following response to an emergency callout when a tanker carrying 20,000 litres of aviation fuel crashed causing a large oil spill. Local residents were evacuated and pollution control was carried out over four months under the watchful eye of the Scottish Environmental Protection Agency (SEPA).
Selected from an initial field of 212 potential contractors, A&A has a 4-year contract as emergency environmental response contractor for Scottish Power – covering the Scottish Lowlands, North Wales and Lancashire. “Having secured a contract with Scottish Power, other new business has followed in Scotland,” said Alan. A&A also has contracts with E.ON and Western Power Distribution and aims to win further energy utilities contracts.
A&A has increased its presence around the country to deal with the growth of contracted business. Most recent new depots include Droitwich, Doncaster and Tunbridge Wells.
Depot manager at the company’s Manchester-based waste division is Peter Lohan. “The north-west is a growth area and with a strong emphasis on sales, Peter has turned this business around; the base now employs 20 staff,” said Alan.
The aforementioned staff are just a handful of A&A’s 320-strong team, which is headed up by managing director, Mark Calvert. Mark, who joined the business 20 years ago, has alongside him commercial director, Henry Simpson, who leads the business development drive and operations director, Dave Whiskerd, both of whom joined in the late 90s. Keith Potts joined the board in 2010 as compliance director to manage the group’s wide scope of SHEQ requirements.From coal to fuel distribution and a network of specialist services
A&A still distributes fuel primarily from its new national operations centre at Barking (the company moved from Stratford in 2009 to make way for the Olympic redevelopment). A&A offers a 24/7 emergency fuel service, particularly appreciated by the south east’s banking and data centres. Located in eastLondon, A&A knows the area and can react quickly.
Aiming towards a national network of specialist services, consistency of approach across an ever expanding range of services and geographical areas is increasingly vital. “We have a major project underway to integrate internal systems using Goldmine Enterprise. This will process all enquiries, quotes, invoices and sales reports; it’s a big investment that will take us to a higher level operationally,” explained Alan. “It will enable us to be more precise in the way we handle contracts and, for me as a marketeer, it will give access to customer information ensuring better promotion of related services. Excellent communication and customer relationship management is important as the business continues to grow.”
Much of A&A’s growth can be attributed to the exposure it received cleaning up the Buncefield oil terminal following the explosion in December 2005 which led to 20 tanks catching fire. Appointed as principal contractor, A&A managed the uplift and disposal of over 27 million litres of contaminated waste and the safe cleaning of damaged infrastructure for demolition. Working in a very hazardous and tightly monitored environment, the project took 28 months and 80,000 man hours to complete without sustaining a single lost time incident.
With waste permits for oily waste, A&A is very active in fuel tank decommissioning at facilities such as power stations, distilleries and defence sites. Also working with emerging technologies, A&A provides spill prevention services to off and onshore wind farms. “With hydraulic oil needed to power a wind turbine, there is a risk of contamination on land and at sea,” explained Alan. Also offshore, A&A undertakes industrial cleaning on oil rigs.
The vision of A&A’s board, coupled with the appointment of experienced and dynamic managers, has fuelled this UK-wide diversification and expansion. “We’re getting lots of enquiries from overseas and we will go anywhere in the world (the company undertook projects in Sierra Leone, Nigeria, the Falklands and Norway in 2011),” said Alan. Always one step ahead, it’s worth watching this space for A&A’s next move.
Stolt-Nielsen has announced the acquisition of a storage terminal at Dagenham from Norbert Dentressangle.
Completion is subject to the transfer of licences and permits, and the receipt of necessary approvals to operate the facility. The transaction is expected to close during the company’s fourth quarter of 2012.
The terminal consists of 195 tanks with a total of 134,000cbm.
Walter Wattenbergh, president of Stolthaven Terminals, said: “This terminal, our first in the UK, joins Stolthaven’s growing global network of bulk-liquid storage facilities. The Dagenham terminal gives us a foothold in the UK market and will provide added support to the Stolt Tankers’ inter-European coastal fleet. Our initial plans include an immediate upgrade programme, with the decommissioning of several old tanks and the construction of new tanks.”
http://www.stolt-nielsen.com/
Following its recent expansion, IFC has announced two new appointments.
Craggs Energy managing director, Chris Bingham, and new depot manager Jeremy Cosway
Craggs Energy has become the new owners of the Samuel Cooke and Co depot, based in Padiham.
Last month came the sad news that the Burnley based fuel distributor Samuel Cooke & Co, had gone into administration resulting in the loss of over 80 jobs.
Craggs Energy, an independent fuel company based in Hebden Bridge, has taken over the depot and launched the business in the Lancashire area using the local knowledge of two former Samuel Cooke and Co employees.
Craggs Energy managing director, Chris Bingham, explained: “We have built our business by using experienced staff and delivering high levels of customer service at a fair price. Opening a depot in the Burnley and Pendle area means we can extend this promise and provide the local area with a family run local company they can trust to take care of their fuel requirements”
Jeremy Cosway, ex depot manager, and Ben Duckworth, ex marketing manager, of Samuel Cooke and Co have both joined the team to launch the new Padiham site.
Jeremy Cosway said: “I worked at Samuel Cooke and Co for six years and I was the depot manager for two of those. It was sad to say goodbye but I’m really happy that I can continue my career in Padiham and continue to focus on the local area”.
Ben added: “I was really disappointed when Samuel Cooke and Co Ltd was forced to close, but thanks to Craggs Energy, we can continue our efforts of serving the Burnley and Pendle area out of the well-known Padiham depot.”www.craggsenergy.co.uk
New regional manager for south east Anglia, Keith Durrant
GB Oils has appointed Keith Durrant as regional manager in south east Anglia, to manage the new Pace Fuelcare depot in Ipswich.
Keith, who has lived much of his life in the local area, brings a wealth of business experience to the role, having held several senior managerial positions with companies such as ICI, Burmah – Castol and Total. Keith joined GB Oils two years ago.
His primary objective in his new role will be to stimulate organic growth and elevate the Pace brand to become the first choice for customers across the region. The area includes oil distribution depots in Shefford, Letchworth, Cambridge, Braintree, and Hadleigh, plus the newly constructed multi million pound terminal in Ipswich.
Simon Willis, general manager at GB Oils, commented: “Keith’s appointment to manage the business in south east Anglia comes following his successful work for the company during the past two years. We have no doubt that he will be fantastic in this new role and will help deliver our ambitious plans for the new depot and wider area.”
Keith added: “As well as providing competitive pricing and continuous improvements to services, my aim is to ensure we continue to deliver exceptional standards of customer satisfaction, whilst remaining at the forefront of fuel distribution, both within east Anglia, and throughout the UK”.
The joint administrators of Petroplus Refining & Marketing have published their first progress report on the administration, which illustrates the depth of the financial challenges faced in continuing to operate the Coryton refinery.
The report provides creditors with a detailed description of progress that has been made in the six months since the appointment of the administrators.
Trading losses from refining during the six-month period of administration are currently estimated at $22m-$31m, on sales of some $347m. Of this loss, some $20m relates to capital expenditure incurred and written off in the period.
The report also states that an extensive exercise to obtain the best value for creditors from the sale of Coryton found that offers to run the site as a refinery were materially lower than for an alternative use.
It is currently estimated that the net funds available for distribution to unsecured creditors may be in the order of $102m-$135m. Gross realisations from the assets of the company are projected to be $199m-$209m.
Steven Pearson, joint administrator and PwC partner, said: “This has been an exceptionally difficult administration. The information we have published today illustrates the scale of financial and operational challenges we faced in operating the refinery for nearly six months.
“The unfortunate reality is that, despite rigorous cost control, the refinery incurred significant losses from operations between January and June. This high risk, low reward environment was the main driver in having to cease operations – put simply, we could not afford to incur the ongoing losses associated with continuing refining.”