SHELL U.K. LIMITED
Company number: 00140141
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Shell Corporate Director Limited
Average time taken to pay invoices: 49 days
- within 30 days: 26%
- in 31 to 60 days: 62%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 15 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Shell UK Ltd is committed to treating our suppliers fairly and continues to monitor and improve our payment processes to support timely payment of suppliers. A number of measures have been put in
place in the last few months resulting in 90% invoices being paid to suppliers within 60 days in the months of April, May and June. Payment performance continues to be monitored and further interventions made to ensure payment performance is sustained and improved further.
Shell has also been focused on supporting our supplier base through the COVID 19 crisis including financial monitoring and support to certain small company suppliers through acceleration of payments.
Any other information about payment terms
Dispute resolution process
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes – Prompt Payment Code
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?