| 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 | 29 Jul 2025 | 37 | 62% | 32% | 6% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 33 | 59% | 32% | 9% | 32% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 35 | 56% | 35% | 9% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 34 | 57% | 36% | 7% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 34 | 50% | 40% | 11% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 34 | 54% | 38% | 8% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 36 | 50% | 41% | 9% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 34 | 44% | 47% | 9% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 39 | 51% | 41% | 8% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 35 | 44% | 46% | 10% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 35 | 44% | 46% | 9% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 33 | 51% | 39% | 10% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 35 | 52% | 39% | 9% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 37 | 50% | 40% | 10% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 36 | 42% | 46% | 12% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date is the most commonly used payment term
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes are generally resolved through a process of negotiation between the relevant ITW employee and supplier. Once resolved a payment or credit note is processed as required. In instances where a formal purchasing contract is in place, dispute resolution would follow the terms agreed in the contract. Once again the diverse nature of our businesses requires a range of options to be used depending on what is most appropriate to resolve the dispute.
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
ITW Limited is a global manufacturing company that specializes in providing innovative and sustainable solutions to various industries. The company is committed to creating value for its customers, employees, and shareholders through its diverse portfolio of products and services.
The sustainability program of ITW Limited focuses on reducing the environmental impact of its operations and products. This includes implementing energy-efficient practices, reducing waste generation, and promoting recycling. The company also works closely with its suppliers to ensure responsible sourcing of materials.
ITW Limited offers a wide range of products and services, including industrial packaging, automotive components, construction materials, and food equipment. These products are designed to meet the needs of their customers while also being environmentally friendly.
The company is led by a team of experienced and dedicated professionals, including its CEO, Scott Santi. The team is committed to driving sustainable growth and creating a positive impact on the communities in which they operate.
ITW Limited can be reached through their website, www.itw.com, where customers can find more information about their products and services. The company's registered office address is 22nd Floor, 20 Farringdon Street, London, EC4A 4AB. Overall, ITW Limited is a leading player in the manufacturing industry, with a strong commitment to sustainability and providing high-quality products and services to its customers.
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