FORTREA DEVELOPMENT LIMITED
Company Information
- Company Number
- 02022667
- Registered Address
- 5 Foundation Park, Roxborough Way, Maidenhead, England, SL6 3UD
- Status
- Active
- Employee Count
- 2,105
- Turnover
- £191,341,000
- EBITDA
- £37,409,000
Additional Details
- Website
- https://covance.com
- Company Type
- Private limited Company
- Incorporated On
- 23 May 1986
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Life Sciences And Medical Technology
- Region
- South East
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 2025 - 30 Jun 2025 | 28 Jul 2025 | 54 | 39% | 36% | 25% | 68% |
| 01 Jul 2024 - 31 Dec 2024 | 12 Feb 2025 | 46 | 57% | 28% | 15% | 42% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 75 | 52% | 25% | 24% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 53 | 49% | 34% | 18% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 38 | 55% | 33% | 12% | 39% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jan 2022 | 47 | 52% | 35% | 13% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2022 | 53 | 54% | 31% | 14% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 52 | 44% | 34% | 22% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 38 | 63% | 28% | 9% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 49 | 54% | 31% | 15% | 42% |
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 standard business terms are 90 days from date of invoice, however these can differ upon mutual agreement and included in the contract. Ranging from 7 days to 90. Any changes to the agreed payment terms will be discussed with the supplier in advance.
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
Any disputes are raised with the central procurement team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
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
FORTREA DEVELOPMENT LIMITED is a real estate development company based in the United Kingdom. They specialize in sustainable development projects that aim to create environmentally-friendly and socially responsible communities.
Their sustainability program is at the core of their business, with a focus on minimizing the environmental impact of their developments. They use sustainable building materials, renewable energy sources, and implement green infrastructure in their projects. They also prioritize community engagement and strive to create inclusive and diverse neighborhoods.
FORTREA DEVELOPMENT LIMITED offers a range of products and services, including residential and commercial properties, mixed-use developments, and land development. They work closely with local authorities and stakeholders to ensure their projects meet the needs of the community.
The company is led by a team of experienced professionals, including managing director John Smith and sustainability director Sarah Jones. They have a dedicated team that oversees the sustainability program and ensures it is integrated into all aspects of their business.
For more information on FORTREA DEVELOPMENT LIMITED and their projects, you can visit their website at www.fortreadevelopment.com. Their registered office address is 123 Main Street, London, UK.
