Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 UK company registered in Windsor and incorporated in 1956, forming part of the wider ITW corporate group and controlled by ITW UK II Limited since 2018. Its registered activities cover manufacture of other chemical products, other plastic products, electronic components and other general manufacturing not elsewhere classified. It has ten subsidiaries within its group structure and holds several freehold and leasehold property titles across England. It has also been awarded public sector contracts, including supply of test equipment and security seals. The company operates within the ITW group's manufacturing operations, though the specific end products are not detailed in the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk