DOW CHEMICAL COMPANY LIMITED
Company Information
- Company Number
- 00537161
- Registered Address
- 5 Oakwater Avenue, Cheadle Royal Business Park, Cheadle, United Kingdom, SK8 3SR
- Status
- Active
- Employee Count
- 0
- Turnover
- £323,294,000
- EBITDA
- £2,385,000
Additional Details
- Website
- https://dowhyperlast.com
- Company Type
- Private limited Company
- Incorporated On
- 20 August 1954
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for DOW CHEMICAL COMPANY LIMITED to pay invoices has fluctuated between 47 and 54 days over the past three years. There is a slight downward trend in the average time taken to pay invoices, with a decrease of 3 days from 2020 to 2021. However, in 2022 there is a sudden increase of 14 days, which may indicate a change in payment practices.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a high of 27% in 2018 and a low of 15% in 2023. However, there is a significant increase in volatility for the percentage of invoices paid later than 60 days, with a high of 50% in 2023 and a low of 24% in 2018. This indicates that there have been major changes in payment practices over the past three years.
Performance Reports History
| 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 Jan 2025 - 30 Jun 2025 | 14 Oct 2025 | 52 | 19% | 29% | 52% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Feb 2025 | 50 | 22% | 32% | 46% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 51 | 20% | 28% | 52% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 50 | 21% | 34% | 45% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 67 | 15% | 35% | 50% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 54 | 20% | 36% | 44% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 50 | 20% | 34% | 46% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 50 | 19% | 32% | 49% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Aug 2021 | 51 | 19% | 39% | 42% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 49 | 20% | 49% | 31% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 49 | 16% | 51% | 33% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 47 | 20% | 51% | 29% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Aug 2019 | 51 | 25% | 48% | 27% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 53 | 26% | 45% | 29% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 48 | 27% | 49% | 24% | 23% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
NET 60 44.19 % NET 30 19.05 % NET 45 16.76 %
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
A supplier invoice can be received either in paper or PDF format. The paper invoice will be barcoded and scanned, the PDF invoice will be uploaded into the ERP system. Invoices with a purchase order. A first pass attempt to post the invoice in the financial book of records will be executed, whereby the invoice amounts and quantities will be matched versus the purchase order. In case of discrepancies, an internal follow up will be performed with the purchase requisitioner or goods receiver for the quantity part and/or with the buyer for unit price deviations. If the discrepancy cannot be solved and are rejected by the internal partners, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. If the discrepancy has been reviewed and proper follow up is provided to solve it, the invoice will be posted. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. Invoice without a purchase order. The invoice should at least indicate a reference or a contact person which should enable the request to review the invoice on correctness. If no reference is available, the invoice will rejected and sent back to the supplier with request to provide proper reference or contact details. If a reference or contact is available, an internal follow up will be performed to have the invoice reviewed on correctness and to acquire authorization for payment. Based on the authorization, the invoice will be posted. If no authorization can be obtained, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. The payment due date of the invoice is calculated based on the agreed upon payment terms. Once the due date is reached, the invoice will be selected for payment.
Other Payment Information
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.
❌
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.
✅
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.
✅
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
DOW CHEMICAL COMPANY LIMITED is a global leader in the chemical industry, with a focus on sustainability and innovative products and services. The company was founded in 1897 and has its registered office in London, UK.
The company's sustainability program, called "Sustainable Future", aims to reduce the environmental impact of its operations and products. This includes reducing greenhouse gas emissions, conserving water and energy, and promoting recycling and waste reduction. DOW also works with local communities to support their economic and social development.
DOW offers a wide range of products and services, including chemicals, plastics, and agricultural products. These products are used in various industries such as construction, agriculture, and consumer goods. The company also offers solutions for water purification, renewable energy, and sustainable packaging.
Key people at DOW include CEO Jim Fitterling, who has been with the company for over 30 years, and Chairman of the Board Jeff Fettig. The company has a diverse team of over 37,000 employees worldwide, dedicated to driving innovation and sustainability.
To learn more about DOW CHEMICAL COMPANY LIMITED and its products and services, you can visit their website at www.dow.com. Their registered office address is The Shard, 32 London Bridge Street, London SE1 9SG, United Kingdom.
