Company number: 08960430
and approved by Ben Guyatt
Average time taken to pay invoices: 62 days
Invoices paid:
Invoices due but not paid within agreed terms: 92%
60 days
Answer not provided
Once the payment falls due this will be made on the next payment run therefore some payments will be received by the supplier up to a week late due to the cut off for the payment run; this is reflected in the 'Invoices due but not paid within agreed terms' statistic.
Answer not provided
N/A
60 days
No further comment provided
N/A
In the event a dispute with another party Forterra will engage with that party in good faith to establish the full grounds of any such dispute, with a view to reaching settlement as swiftly as possible. Initial queries are dealt with by our accounts payable department who will then liaise with the appropriate site or department to resolve the query. If resolution is not possible in this way the dispute will be escalated to senior management.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No