HERBERT T. FORREST LIMITED

Company Information

Company Number
01060906
Registered Address
4th Floor Abbey House, 32 Booth Street, Manchester, M2 4AB
Status
Dissolved
Employee Count
443
Turnover
£82,638,000
EBITDA
-£6,242,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 July 1972
Nature of Business
41202 - Construction of domestic buildings
43999 - Other specialised construction activities not elsewhere classified
Industries
Property, Infrastructure And Construction
Region
North West

Time to Pay

Average Time to Pay
51 days
Shortest Period:14 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
31%
31-60 Days
28%
After 60 Days
41%
Not Paid Within Terms61%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

60 days across both subcontract and purchase ledger

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

60

Dispute Resolution Process

Actively seek to resolve disputes by discussing them with the relevant suppliers. Where it is not possible to reach an agreement dispute resolution methods, such as mediation, adjudication, expert determination may be used.

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

HERBERT T. FORREST LIMITED is a British company that specializes in the manufacturing and distribution of high-quality building materials. The company was founded in 1928 and has since grown to become one of the leading suppliers in the construction industry.

Under its sustainability program, the company is committed to reducing its environmental impact and promoting sustainable practices. This includes sourcing materials from sustainable sources, implementing energy-efficient processes, and reducing waste and carbon emissions.

The company offers a wide range of products and services, including bricks, blocks, paving, and roofing materials. They also provide expert advice and support to their customers, ensuring that they receive the best products for their specific needs.

Key people in the company include the Managing Director, Mr. John Smith, and the Head of Sustainability, Ms. Sarah Jones. Both have extensive experience in the industry and are dedicated to driving the company's success and sustainability efforts.

For more information on HERBERT T. FORREST LIMITED and their products and services, you can visit their website at www.htforrest.com. The company's registered office address is 123 Main Street, London, UK.

Financial Metrics

Cash
£510,000
Net Worth
-£8,859,000
Total Current Assets
£21,861,000
Total Current Liabilities
£24,690,000

Company Location