SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS

PaymentCheck Score 2021
26Poor
0.3vs last year
#5437 in UK
#142 in Raw Materials And Intermediate Goods
#303 in Yorkshire and The Humber

Company Information

Company Number
00893081
Registered Address
1 Bridgewater Place, Water Lane, Leeds, West Yorkshire, LS11 5QR
Status
Liquidation
Employee Count
260
Turnover
£66,962,000
EBITDA
£6,496,000

Additional Details

Company Type
Private unlimited company
Incorporated On
30 November 1966
Nature of Business
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
Industries
Raw Materials And Intermediate Goods, Waterways Travel
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
72 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
10%
31-60 Days
30%
After 60 Days
60%
Not Paid Within Terms69%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202123 Jul 20216111%28%61%71%
01 Jul 2020 - 31 Dec 202029 Jan 20216012%32%56%78%
01 Jan 2020 - 30 Jun 202027 Jul 20206816%25%59%65%
01 Jan 2019 - 30 Jun 201929 Jul 20195917%26%57%82%
01 Jul 2018 - 31 Dec 201829 Jan 20196011%29%60%69%
01 Jan 2018 - 30 Jun 201831 Jul 2018718%30%62%68%

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

Our standard payment terms are 60 DAYS MEDOI (End of the Month plus 60 days).

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

Dispute Resolution Process

The business takes resolving disputes related to payment very seriously and looks into them on a case by case basis through our local sourcing manager.

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

SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS is a leading company in the protective and marine coatings industry. They offer a wide range of high-performance coatings and services that protect assets and structures from corrosion, abrasion, and other environmental hazards.

Their sustainability program focuses on reducing the environmental impact of their operations and products. They have implemented various initiatives such as reducing waste, promoting energy efficiency, and using eco-friendly raw materials in their coatings. They also provide training and support to customers on how to properly apply and maintain their coatings to extend their lifespan and reduce the need for reapplication.

Some of their key products include anti-corrosion coatings, fireproofing coatings, and tank linings. These products are designed to withstand harsh conditions and provide long-lasting protection for various industries including oil and gas, power generation, and marine.

The company is led by a team of experienced and knowledgeable professionals, including their President, Tim McDonough, and their Vice President of Marketing, Steve Dickey.

Their website, https://protective.sherwin-williams.com, provides detailed information about their products, services, and sustainability efforts. Customers can also contact their registered office at Sherwin-Williams Protective & Marine Coatings, 101 Prospect Avenue N.W., Cleveland, Ohio 44115, USA for any inquiries. Overall, SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS is committed to providing high-quality, sustainable solutions to protect assets and preserve the environment.

Financial Metrics

Cash
£0
Net Worth
£23,717,909
Total Current Assets
£32,687,786
Total Current Liabilities
£24,822,136

Company Location