| 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 2024 - 31 Dec 2024 | 22 Jan 2025 | 106 | 15% | 20% | 65% | 23% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 87 | 14% | 17% | 69% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 60 | 34% | 20% | 46% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 86 | 20% | 26% | 54% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 77 | 17% | 33% | 49% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Sept 2022 | 80 | 24% | 39% | 37% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 105 | 30% | 42% | 29% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 98 | 28% | 50% | 22% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 98 | 28% | 50% | 22% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 75 | 27% | 54% | 19% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 63 | 28% | 54% | 18% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 55 | 26% | 54% | 20% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 53 | 30% | 54% | 16% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 46 | 33% | 54% | 12% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3rd Party vendors - 60 days from date of invoice. Intercompany - EOM, 15 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
120
We have a dedicated team that handles vendor queries - 3M UK AP Helpdesk. For any concerns raised by the vendors, the AP Helpdesk will work internally with the relevant teams to provide a solution, contact details Telephone: 01344 857377, email: 3mukaphelpdesk@mmm.com
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
3M United Kingdom Public Limited Company is a multinational conglomerate corporation that operates in various industries such as healthcare, industrial, consumer, and transportation markets. The company was founded in 1902 and is headquartered in Bracknell, Berkshire, United Kingdom.
Sustainability is a key focus for 3M United Kingdom, with the company aiming to reduce its environmental impact and promote sustainable practices. This includes reducing energy consumption, waste, and water usage, as well as increasing the use of renewable energy sources. 3M also supports various community and education initiatives to promote sustainability.
Their wide range of products and services include innovative solutions for healthcare, such as medical tapes, wound care dressings, and infection prevention products. In the industrial sector, 3M offers products such as adhesives, abrasives, and electrical products. They also provide consumer products like office supplies, home improvement products, and personal care items. In the transportation market, the company offers solutions for automotive, aerospace, and marine industries.
Some key people in 3M United Kingdom include the company's President and Managing Director, Paul Keel, who has been with 3M for over 30 years, and the company's Sustainability Director, Tim Fleming, who oversees the company's sustainability efforts.
The company's website address is www.3m.co.uk, where customers can find more information about their products and services, as well as their sustainability initiatives. 3M United Kingdom's registered office address is 3M Centre, Cain Road, Bracknell, Berkshire, RG12 8HT, United Kingdom.
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