Their own payment-practices filing · gov.uk
How long does A. Schulman Gainsborough Ltd take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 9 Oct 1996
- Registered office
- SANDARS ROAD, GAINSBOROUGH, DN21 1RZ
Terms vs reality
Stated terms: 30–90 days. Reported average: 49.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting faster
Average days to pay across their last 6 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
A. Schulman Gainsborough Ltd has filed 9 statutory payment periods (earliest H2 2020). Their latest report puts the average at 49 days against stated terms of 30–90 days.
The direction is faster: from 59 to 49 days over the window — about 10 days faster.
In the latest period 50% of invoices were paid outside their agreed terms, and 24% landed 61+ days out.
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 | 49 | 50% | 24% | 31 Jan 2025 |
| H1 2024 | 49 | 51% | 24% | 30 Jul 2024 |
| H2 2023 | 58 | 47% | 24% | 29 Jan 2024 |
| H1 2023 | 57 | 30% | 15% | 26 Jul 2023 |
| H2 2022 | 86 | 35% | 24% | 19 Jan 2023 |
| H1 2022 | 59 | 39% | 26% | 29 Jul 2022 |
| H2 2021 | 54 | 33% | 24% | 27 Jan 2022 |
| H1 2021 | 42 | 37% | 36% | 30 Jul 2021 |
| H2 2020 | 56 | 38% | 30% | 29 Jan 2021 |
Working-capital effect
What a 49-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 49-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts Act 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
Are they getting slower or faster?
What's their typical pay point?
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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-03261137 · latest period to 31 Dec 2024
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