Industry ranking
| 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 58 | 5% | 56% | 39% | 30% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 59 | 5% | 62% | 33% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 60 | 6% | 61% | 33% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 58 | 6% | 59% | 35% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 60 | 8% | 55% | 37% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 60 | 8% | 55% | 37% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 69 | 8% | 46% | 46% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 64 | 6% | 45% | 49% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 67 | 8% | 42% | 50% | 41% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 63 | 10% | 42% | 48% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 71 | 9% | 30% | 61% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 61 | 11% | 54% | 35% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 61 | 10% | 50% | 40% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 60 | 10% | 47% | 43% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 64 | 9% | 44% | 47% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of the Company’s purchases are initiated by the individual factories and overseen by the Procurement function. Under the standard terms operated, Forticrete Limited will pay for goods in the payment run which occurs in the first week following a period of 60 days since the receipt of the related invoice. Suppliers can contact Forticrete Limited to negotiate terms which differ from those employed as standard. Payment is dependent upon validated delivery of the goods and the correct invoicing by the Supplier. If Forticrete Limited has not been correctly invoiced by our standard terms’ payment date, payment will be made in the week following receipt of corrected invoicing.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Forticrete Limited seeks to settle all disputes as soon as possible. Should a dispute arise between the parties, the Supplier can contact their Company contact (generally, the factory manager or administrator), who will attempt to resolve the dispute. Escalation to the central Procurement Manager is expected prior to commencement of any legal proceedings.
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?
No information available
Forticrete Limited is a manufacturer of concrete products for construction purposes, based in Ibstock, Leicestershire, and registered since 1927. Companies House records list its nature of business as the manufacture of concrete building materials. The company is linked to Ibstock Plc, with its registered office at the same Leicester Road site, indicating it operates as part of a wider building materials group. No further detail on specific products, brands or markets served is available from the evidence supplied. The company remains active, with current accounts and confirmation statement filings up to date.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk