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Their own payment-practices filing · gov.uk

Sherwin-Williams Protective & Marine Coatings paid suppliers in 72 days on average — 12 days past its stated terms

CRN 00893081 · 8 statutory reports on record · period to 30 Sept 2021

Dated record. The latest report covers a period ending 30 Sept 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
72daysavg time to pay · H2 2021

Their H2 2021 filing put the average 12 days past the 60-day term they state.

Their stated terms
60 days
Paid outside agreed terms
69% of invoices
Paid after 61+ days
60%
Reporting period
1 Jul 2021 – 30 Sept 2021
Source
their gov.uk filing, filed 27 Jan 2022

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2021 filing

Paid 12 days past their stated terms

The pattern · last 6 of 8 reports

59 → 72 days — slower across the window

The read · computed from their figures

Sherwin-Williams Protective & Marine Coatings's H2 2021 filing put their average at 72 days against stated terms of 60 days; 69% of invoices were paid outside agreed terms and 60% took 61 days or longer. Filed 27 Jan 2022.

The direction is slower: from 59 days in H1 2019 to 72 now — 13 days slower across their last 6 reports.

That is 8 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Our standard payment terms are 60 DAYS MEDOI (End of the Month plus 60 days).

Dispute resolution

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.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20217269%60%27 Jan 2022
H1 20216171%61%23 Jul 2021
H2 20206078%56%29 Jan 2021
H1 20206865%59%27 Jul 2020
H2 20195864%49%30 Jan 2020
H1 20195982%57%29 Jul 2019
H2 20186069%60%29 Jan 2019
H1 20187168%62%31 Jul 2018

Illustrative · working-capital arithmetic

What a 72-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 72-day vs a 60-day payment cycle.

≈ £28,500
of invoicing outstanding at any one time on a 72-day cycle — about £4,700 more than the same account would carry at 60-day terms.

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 · Sherwin-Williams Protective & Marine Coatings

Are they getting slower or faster?
Their reported average has moved about 13 days slower over the window (59 → 72 days).
What's their typical pay point?
Their latest filed report put the average at day 72; across their last 6 reports it ranged 58–72 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

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-00893081 · latest period to 30 Sept 2021

Verify the original Companies House file

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