FOSTERING SOLUTIONS LIMITED
Company Information
- Company Number
- 04006225
- Registered Address
- Atria, Spa Road, Bolton, England, BL1 4AG
- Status
- Active
- Employee Count
- 125
- Turnover
- £32,250,000
- EBITDA
- £926,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 June 2000
- Nature of Business
- 88990 - Other social work activities without accommodation not elsewhere classified
- Industries
- Healthcare And Wellbeing
- Region
- North West
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 Sept 2024 - 28 Feb 2025 | 24 Mar 2025 | 25 | 85% | 10% | 5% | 23% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 23 | 81% | 14% | 5% | 50% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 18 | 87% | 6% | 7% | 30% |
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
30 days from date of invoice as standard. However, shorter payment terms than the standard are offered for certain types of services supplied. Note that there is a minimum allowance of 14 days from receipt of the invoice as acceptable processing time to get the invoice approved, posted and paid.
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
30
Dispute Resolution Process
First contact is a dedicated accounts payable section of a shared service centre (SSC) that offers suppliers support through to query resolution. Suppliers can contact the SSC on a dedicated telephone number or email address. They will then identify the person within the business who will be able to resolve the problem and then the SSC contacts the supplier to discuss the resolution.
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
FOSTERING SOLUTIONS LIMITED is a UK-based company that provides high-quality foster care services to children and young people in need. The company was founded in 2006 and has since become a leading provider of foster care services in the country.
The company's main focus is on providing safe and nurturing homes for children and young people who are unable to live with their birth families. They work closely with local authorities and social services to ensure that each child is placed in the most suitable and supportive foster family.
FOSTERING SOLUTIONS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and encourage their staff and foster carers to use eco-friendly products. The company also promotes car sharing and uses energy-efficient equipment in their offices.
In addition to their sustainability efforts, FOSTERING SOLUTIONS LIMITED offers a wide range of services to support foster carers and the children in their care. This includes training and development opportunities, a 24/7 support line, and access to a network of experienced social workers.
The company is led by a team of dedicated and experienced individuals, including the managing director, head of operations, and head of recruitment. They are committed to providing the best possible care for the children and young people in their programs.
For more information on FOSTERING SOLUTIONS LIMITED and their services, you can visit their website at www.fosteringsolutions.com. Their registered office address is 4th Floor, 25 Shaftesbury Avenue, London, W1D 7EQ.
