The average time to pay for SHELL CHEMICALS U.K. LIMITED has fluctuated over the past three periods, with a decreasing trend from 2019 to 2020, followed by an increasing trend from 2020 to 2021, and then a decreasing trend from 2021 to 2023.
The volatility of SHELL CHEMICALS U.K. LIMITED's average time to pay has decreased over the past three periods, with a high of 14 percentage points in 2020 and a low of 4 percentage points in 2022.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 728 | 33% | 7% | 60% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 471 | 23% | 15% | 62% | 53% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 71 | 64% | 28% | 8% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 33 | 78% | 21% | 1% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 31 | 85% | 10% | 5% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 31 | 85% | 10% | 5% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 31 | 86% | 12% | 2% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 38 | 84% | 12% | 4% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 33 | 80% | 14% | 6% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 42 | 76% | 17% | 7% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 61 | 62% | 24% | 14% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 64 | 48% | 24% | 28% | 49% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 44 | 55% | 30% | 15% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 43 | 71% | 20% | 9% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 43 | 71% | 20% | 9% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 35 | 62% | 34% | 4% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 47 | 60% | 27% | 13% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 49 | 61% | 30% | 9% | 58% |
This information is as reported by the business, and responses are in their own words.
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?
No information available
Any other information about payment terms
The reported data includes intragroup payments. Shell is committed to treating our suppliers fairly and continues to monitor and improve our payment processes to support timely payment of suppliers. During the last reporting period business activities concluded with a vendor, prompting a reconciliation process of total amounts owed to and from the vendor for final settlement. Upon further review during the current reporting period, the vendor identified an additional 94 invoices amounting to £19,085 relating to periods 2019-2023 which also hadn't been paid, and were again not known to Shell Chemicals U.K. Limited. Upon notification these invoices were settled promptly, however please note the average time taken to pay invoices payment statistic is skewed by this exceptional item. Exclusion of these invoices would resulted in a revised average time taken to pay of 65 days.
Maximum contractual payment period agreed
60
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.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SHELL CHEMICALS U.K. LIMITED is a leading chemical company based in the United Kingdom. They specialize in producing and supplying a wide range of chemicals for various industries such as energy, transportation, and consumer goods.
The company is committed to sustainability and has a strong sustainability program in place to minimize its environmental impact. They have set ambitious targets to reduce emissions, conserve resources, and promote biodiversity in their operations. They also engage in community initiatives and partnerships to support sustainable development.
SHELL CHEMICALS U.K. LIMITED offers a diverse portfolio of products and services, including base chemicals, intermediates, and specialty chemicals. Their products are used in various applications such as fuels, lubricants, plastics, and coatings. They also provide technical support and expertise to their customers to help them achieve their sustainability goals.
The key people at SHELL CHEMICALS U.K. LIMITED include Graham van't Hoff, the Chairman, and Hilary Mercer, the Managing Director. They lead a team of dedicated professionals who are committed to delivering high-quality products and services while also prioritizing sustainability.
To contact SHELL CHEMICALS U.K. LIMITED, you can visit their website at www.shell.co.uk/chemicals or reach out to their registered office at Shell Centre, London SE1 7NA, United Kingdom. The company is also active on social media platforms such as Twitter and LinkedIn, where they share updates on their activities and sustainability efforts.