Isle of Wight Fuels to close: Concerns over knock-on effect for customers and companies in supply chain

The parent company for Isle of Wight Fuels say they came to the decision after staff consultations and a detailed examination of the trading options

isle of wight fuels - depot

After 60 years of serving the Island, Isle of Wight Fuels (IOWF) will close on 7th August 2020.

IOWF are fuel distributors and owners of the Island’s only fuel oil storage terminal, based in East Cowes.

“Not viable for the business to continue to trade”
A statement from the parent company, Motor Fuel Group, reads,

“Following a detailed examination of the trading options of IOWF together with individual consultation with all members of staff, Motor Fuel Group announces that it is not viable for the business to continue to trade.

“Accordingly, and with regret, the IOWF business will close on Friday 7th August 2020.

“No fuel deliveries will be made or customer orders accepted after this date.

“We would like to thank our customers for their loyal patronage and our staff for their professional and dedicated service.”

Knock-on effect
The closure not only means job losses for those working at the depot, but will have a knock-on effect for all those small businesses who provide services to IOWF.

Love: Many concerns
Karl Love, the Isle of Wight councillor for East Cowes, told News OnTheWight,

“I’m incredibly concerned about the impact which the closure of Island fuels in East Cowes will cause to so many businesses on the Island.

“It’s incredibly important to get this news out quickly so that alternative arrangements can be made by Island businesses. For instance Island farmers rely heavily upon maintaining supplies in order to bring their crops in at this time of year.

“I am also concerned about the supply of heating oil and the supply of domestic fuel to homes and customers across the Island. It would seem that there are lots of different companies and organisations that use fuels from this company.”

Love: A skilled job requiring lots of safety training
He went on to add,

“It is important to understand the supply chain and impact. It’s not a simple case of bringing other suppliers to our Island, because they will have to learn the delivery routes and routines of Island people in making that delivery.

“I would hope that someone might purchase the company and consider introducing the supply of fuels by ships rather than carrying it in small tankers across the Solent on passenger ferries.

“We should not forget the loss of these jobs and its impacts on families. It is a skilled job requiring lots of safety training in order to handle inflammable fuels.”

Monday, 27th July, 2020 5:18pm

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Filed under: Business, East Cowes, Island-wide, Top story

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10 Comments on "Isle of Wight Fuels to close: Concerns over knock-on effect for customers and companies in supply chain"

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wellsm
It is very sad to hear this news. Twenty plus years ago the business was part of Dominion Oils, a BP business which I worked in until BP closed it. At that time the Island terminal was supplied by a small tanker from Fawley, I guess it must have been taken out of service. I can see that it may not be economic to bring fuel across… Read more »
wellsm

I always find it funny that a post which is entirely factual attracts a down tick. Clearly some sad person who just does not like anything I post :-)

confidential

When this fundamental part of our island’s operating system closes next month what action will the strategic planning arm of the IW Council take?

chippy2
This story has been around for several weeks why has it taken Isle of wight news so long to raise the subject? One knock on effect will be small independent filling stations losing their current supplier. I think IOW fuel still arrives by sea tanker? PLUTO ran from IOW to Cherbourg, so surely Fawley to Cowes is still feasible? But my bet is the site will become… Read more »
wellsm

Mr Love is quoted above as saying “…..consider introducing the supply of fuels by ships rather than carrying it in small tankers across the Solent on passenger ferries.” Hence my assumption that the tanker we used years ago had been discontinued.

holdmyheadinmyhands

They were.. everything you have said is correct. I worked there 🤘

alisonjane

Call me a glass half empty….very suspicious that the closing of this business coincides with the planning application for the drilling of oil and 2 wells in Arreton.
Does anyone know if the Motor Fuel Group have any connections to UKOG?

wellsm
No it doesn’t. It is part of a substantial group of companies. The ultimate holding company and controlling party of IOW Fuels Ltd according to the filed accounts for the 15 months to 31 December 2018 is CD&R Firefly Holdings SARL, a company incorporated in Luxembourg. In those accounts (nb y/e 31.12.2019 is not due to be filed until December of this year), the company reports a… Read more »
holdmyheadinmyhands

There is no connection at all…. and also Karl love is not the councillor for that part of East cowes …. what’s happen to the conservative councillor representing the area ?