SHERWIN-WILLIAMS UK LIMITED
Company number: 02968830
Reporting period:
1 January 2021 to
30 June 2021
This report was filed on 23 July 2021
and approved by Dennis H. Karnstein
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 35%
- in 61 days or more: 53%
Invoices due but not paid within agreed terms: 70%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 60 DAYS MEDOI (End of the Month plus 60 days).
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
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 have been NET 120 (120 days) these were requested by the supplier as their preferred payment terms.
Any other information about payment terms
N/A
Dispute resolution process
The business takes resolving disputes related to payment very seriously and looks into them on a case by case basis through our local sourcing manager.
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.
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.
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