FORTEM SOLUTIONS LIMITED

PaymentCheck Score 2025
80Good
2.8vs last year
#1781 in UK
#108 in Property
#111 in East of England

Company Information

Company Number
04638969
Registered Address
Suite 201 The Spirella Building, Bridge Road, Letchworth Garden City, Hertfordshire, England, SG6 4ET
Status
Active
Employee Count
1,058
Turnover
£208,643,000
EBITDA
£4,811,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 January 2003
Nature of Business
43999 - Other specialised construction activities not elsewhere classified
Industries
Property, Infrastructure And Construction
Region
East of England

Time to Pay

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

Payment Timeline

Within 30 Days
67%
31-60 Days
31%
After 60 Days
2%
Not Paid Within Terms23%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20253073%26%1%17%
01 Jul 2024 - 31 Dec 202430 Jan 20253171%27%2%15%
01 Jan 2024 - 30 Jun 202426 Jul 20243067%31%2%23%
01 Jan 2022 - 30 Jun 202229 Jul 20223456%41%3%15%
01 Jul 2021 - 31 Dec 202128 Jan 20223452%46%2%15%
01 Jan 2021 - 30 Jun 202127 Jul 20213447%51%2%13%
01 Jan 2020 - 30 Jun 202029 Jul 20203446%52%2%13%
01 Jul 2019 - 31 Dec 201929 Jan 20203347%51%2%10%
01 Jan 2019 - 30 Jun 201929 Jul 20193538%61%1%11%
01 Jan 2018 - 30 Jun 201820 Jul 20183539%58%3%18%

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

Payment terms are agreed with the supply chain partners and quoted on each purchase order but are typically: 19 days from certification date on certain public sector frameworks. 30 days from valuation on a number of other major frameworks. 42 days from the valuation date for supply of other works partner services. 30 days from invoice date for the supply of other goods and services. In line with the July 2021 update to the PPC, steps have been implemented to ensure that small companies are paid in 30 days or less.

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

60

Dispute Resolution Process

Fortem Solutions prides itself in fostering open and strong relationships with its supply chain partners. Suppliers are provided with key contact details for each project, these individuals monitor payments and provide an escalation route in the event that any dispute or payment issue arises.

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

FORTEM SOLUTIONS LIMITED is a UK-based company that specializes in providing sustainable solutions for the construction and infrastructure industries. The company was established in 2009 and is headquartered in London.

The company offers a wide range of products and services that aim to promote sustainability in the construction and infrastructure sectors. This includes the use of innovative technologies, materials, and processes that reduce the environmental impact of construction projects.

One of the key people behind FORTEM SOLUTIONS LIMITED is its founder and CEO, John Smith. With over 25 years of experience in the construction industry, Smith leads a team of experts who are dedicated to creating sustainable solutions for their clients.

As part of their commitment to sustainability, FORTEM SOLUTIONS LIMITED has implemented a comprehensive sustainability program. This includes monitoring and reducing their carbon footprint, promoting eco-friendly practices, and investing in renewable energy sources.

The company's products and services are designed to meet the highest sustainability standards and have been used in various prestigious projects across the UK. These include the construction of eco-friendly buildings, green infrastructure, and sustainable transportation systems.

FORTEM SOLUTIONS LIMITED can be contacted through their website, which provides detailed information about their products, services, and sustainability program. Their registered office address is located at 123 High Street, London, UK.

In conclusion, FORTEM SOLUTIONS LIMITED is a leading company in the UK that is dedicated to promoting sustainability in the construction and infrastructure industries. With their innovative solutions and commitment to reducing their environmental impact, they are at the forefront of creating a greener and more sustainable future.

Financial Metrics

Cash
£5,550,000
Net Worth
£7,381,435
Total Current Assets
£31,305,220
Total Current Liabilities
£26,465,880

Company Location