Their own payment-practices filing · gov.uk
A. Schulman Inc. Limited paid suppliers in 56 days on average — within its stated 30–90 day terms
Their H2 2024 filing put the average 26 days past the shortest term they state (30 days), still within their 90-day upper term.
- Their stated terms
- 30–90 days
- Paid outside agreed terms
- 48% of invoices
- Paid after 61+ days
- 41%
- Reporting period
- 1 Jul 2024 – 31 Dec 2024
- Source
- their gov.uk filing, filed 31 Jan 2025
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2024 filing
Paid within their stated range — 56 against 30–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
60 → 56 days — faster across the window
The read · computed from their figures
A. Schulman Inc. Limited's H2 2024 filing put their average at 56 days against stated terms of 30–90 days; 48% of invoices were paid outside agreed terms and 41% took 61 days or longer. Filed 31 Jan 2025.
The direction is faster: from 60 days in H1 2022 to 56 now — 4 days faster across their last 6 reports.
That is 13 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Payment terms are referred to in the conditions printed with all Purchase Orders and Outline Agreements known as the General Conditions of Purchase (GCP) which states “Payment shall be made within 60 days of the receipt of a properly compiled invoice unless otherwise agreed in writing with the Purchaser” Also referred to in Purchase Orders and Outline Agreements are the General Conditions of Contract (GCC), applicable to service contracts, which states “Basell will make a payment to the Contractor within 60 days of receipt of properly compiled invoice and following certification by Basell's Representative, such certification shall not unreasonably be withheld.” Below 60 days require special approval and is normally restricted to 30 days. On a few cases, the payment is due immediately.
Dispute resolution
LyondellBasell's central Accounts Payable function is responsible for payment of invoices. All invoices are only processed for payment once there is clearance/approval in our internal systems based on delegation of authority. Common dispute items such as incorrect company name, error in amounts etc can be directly resolved by the Accounts Payable function. For others, the relevant department is involved to address the issues directly with the vendor. The latter are handled on case by case basis. The Purchase Orders are governed by English Law and the parties involved agree to submit to the jurisdiction of the English Courts.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2024 | 56 | 48% | 41% | 31 Jan 2025 |
| H1 2024 | 60 | 52% | 41% | 30 Jul 2024 |
| H2 2023 | 78 | 49% | 38% | 29 Jan 2024 |
| H1 2023 | 61 | 26% | 27% | 26 Jul 2023 |
| H2 2022 | 67 | 28% | 34% | 19 Jan 2023 |
| H1 2022 | 60 | 30% | 33% | 29 Jul 2022 |
| H2 2021 | 60 | 28% | 32% | 27 Jan 2022 |
| H1 2021 | 44 | 25% | 28% | 30 Jul 2021 |
| H2 2020 | 49 | 27% | 29% | 29 Jan 2021 |
| H1 2020 | 33 | 20% | 1% | 6 Mar 2020 |
| H1 2019 | 35 | 12% | 15% | 6 Sept 2019 |
| H1 2019 | 33 | 4% | 14% | 9 Aug 2019 |
| H1 2018 | 36 | 18% | 17% | 9 Aug 2019 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 11 Oct 1952
- Registered office
- CROESPENMAEN INDUSTRIAL ESTATE EAST MAES-YR-HAF LANE, NEWPORT, NP11 3AF
Illustrative · working-capital arithmetic
What a 56-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 56-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · A. Schulman Inc. Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-00512225 · latest period to 31 Dec 2024
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