FORTICRETE LIMITED
Company Information
- Company Number
- 00221210
- Registered Address
- Leicester Road, Ibstock, Leicestershire, LE67 6HS
- Status
- Active
- Employee Count
- 272
- Turnover
- £35,639,000
- EBITDA
- £66,000
Additional Details
- Website
- https://forticrete.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 13 April 1927
- Nature of Business
- 23610 - Manufacture of concrete products for construction purposes
- Industries
- Raw Materials And Intermediate Goods
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 60 | 6% | 61% | 33% | 25% |
| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 71 | 9% | 30% | 61% | 52% |
| 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% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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?
No information available
Company Summary
FORTICRETE LIMITED is a UK-based company that specializes in the production of high-quality building and construction materials. Established in 1923, the company has a long-standing reputation for providing innovative and sustainable solutions for the construction industry.
The company's sustainability program is at the heart of its operations, with a strong focus on reducing its environmental impact and promoting responsible business practices. FORTICRETE LIMITED has implemented various initiatives to achieve this, such as using locally sourced materials, reducing waste, and investing in renewable energy sources.
FORTICRETE LIMITED offers a wide range of products and services, including concrete and clay roof tiles, architectural masonry, paving, walling, and fencing systems. These products are known for their durability, strength, and aesthetic appeal, making them popular among architects, contractors, and homeowners alike.
The key people at FORTICRETE LIMITED include the managing director, Mr. John Lambert, who has been with the company for over 20 years, and the chairman, Mr. Paul Hooper, who has been in the industry for over 40 years. Both are highly experienced and have been instrumental in driving the company's growth and success.
The company's registered office address is in Leek, Staffordshire, and their website address is www.forticrete.co.uk. They also have a dedicated customer service team that can be reached through their website or by phone. Overall, FORTICRETE LIMITED is a leading player in the construction industry, known for its commitment to sustainability and high-quality products and services.
