SHERWIN-WILLIAMS UK LIMITED
Company number: 02968830
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
13 July 2026
Approved by:
Simon Walker
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: 54 days
Total value paid:
- within 30 days: £74,559,976 (39%)
- in 31 to 60 days: £47,189,307 (25%)
- in 61 days or more: £70,645,240 (37%)
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 33%
- in 61 days or more: 42%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £109,821,792
- payments due in the reporting period which have not been paid within the agreed period: 67%
- not made in the reporting period due to a dispute: 21%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
120 days
Standard payment terms
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Our system sent automatically "On hold" reports to the purchasing team and the warehouse team (This report is showing all documents that are on hold for any specific reason, such as: Quantity to be received in, Price discrepancy, Extra charges queries).
Accounts Payable team has weekly meetings with the purchasing team and the warehouse team to discuss and action any open invoices that are still showing in the on hold report.
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes