SHERWIN-WILLIAMS UK LIMITED
Company number: 02968830
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
1 August 2025
Approved by:
Simon Walker
Payment statistics
Average time taken to pay invoices: 72 days
Total value paid:
- within 30 days: £35,926,036 (21%)
- in 31 to 60 days: £49,239,169 (28%)
- in 61 days or more: £88,111,963 (51%)
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 38%
- in 61 days or more: 47%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £150,494,609
- payments due in the reporting period which have not been paid within the agreed period: 79%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payments terms are 60 days
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
120 days
Our maximum negotiated payment terms were 120 days.
Any other information about payment terms
Individual changes to payment terms must be re-negotiated on a case by case basis with our local sourcing manager.
Dispute resolution process
We take resolving disputes related to payment very seriously assigning each case a ticket in service now and we provide regular updates including weekly on hold reports, monthly KPI reviews and meetings with key contacts. However for "Percentage of payments not made in the reporting period due to a dispute" we cannot provide full information at this time.
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.
Yes
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.
Yes
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