FORSTERS LLP
Company number: OC306185
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
Emily Exton
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 28 days
Total value paid:
- within 30 days: £12,896,163 (77%)
- in 31 to 60 days: £3,096,740 (18%)
- in 61 days or more: £817,917 (5%)
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 9%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,947,386
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Forsters LLP aims to settle supplier invoices in accordance with the payment terms agreed with the supplier. Where no terms are agreed, invoices are paid 30 days from receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
Counsel and third party professional fees are billed to our clients and paid within two working days of Forsters LLP having received payment. Such instances have been excluded from this report.
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes must first be raised with the head of the relevant department that has procured the goods or services. Once raised, the head of the department will liaise with the Head of Finance in order to resolve the dispute.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No