Testimonials (Commodity trading)
Jennifer Whyberd, Managing Director
WM Armstrong
Foenix's hedging tool has worked well for us by reimbursing increases in fuel costs.
We still get to negotiate with multiple fuel suppliers, we have certainty over future fuel costs for the first time, providing peace of mind and better financial planning
Kate Green,
Chief Financial Officer
Go Plant
As the largest national operated sweeper hire company in the UK a large proportion of our spend is on fuel and we, like many other businesses, have been negatively impacted by the volatility of fuel costs. Foenix Partners have provided us with a flexible solution to ensure our costs are fixed and profit margins are protected. My Trader, Elliott, has been impeccable with his service, execution, and proactive market updates and I would highly recommend them.
Stuart Dallyn,
Finance Business Partner
Gregory Distribution
As a nationwide distribution business, we service a wide range of customers across the UK, supporting them in their logistical needs.
With rising fuel costs negatively impacting many businesses, Foenix Partners have been invaluable in helping us to extend fixed price fuel solutions to our customer base, giving our customers certainty in their costings whilst allowing us to budget effectively.
Company
Mini Clippers are a logistics firm operating a 40 strong fleet offering next day and economy delivery services including palletised and hazardous freight. Like many logistics and haulage companies, they identified in their company accounts that they needed a solution to manage their commodity (fuel) risk, one of their largest and most volatile overheads (for most of our customers, fuel costs are >20% of their overall costs).
Solution
They were introduced to Foenix Partners’ hedging tool, a simple way to mitigate the risk of fuel price fluctuations. After completing Foenix’s quick set up and onboarding process, our team of experts worked with them to create a bespoke trade, hedging 50% of their fuel requirement for an initial period of 6 months with a recent extension for 10 months.
Outcome
The recent upward move in fuel prices meant Mini Clippers’ fuel costs increased, but with their hedge in place, they were reimbursed the difference between the price they hedged and the price they paid at the pump which was 4.89ppl last month!
Here’s what Alan Clarke, Financial Director of Mini Clippers had to say, “The benefit of fuel hedging with Foenix Partners is it gives our company control of fuel costs. I would absolutely recommend them, 5 stars. Thank you for giving us the opportunity for getting fuel arrangements in place.”
Alan Clarke,
Director
Mini Clipper LTD
The benefit of fuel hedging with Foenix Partners is it gives our company control of fuel costs. I would absolutely recommend them, 5 stars.