| 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 the UK registered entity within the global 3M group, a diversified manufacturer of adhesives, abrasives, coatings, films, safety equipment, electronics materials and related industrial and consumer products. Company records show SIC codes covering paint and varnish manufacture, abrasive products and other manufacturing. The wider 3M group, whose self-description is "3M applies science and innovation to make a real impact", supplies products across automotive, construction, electronics, energy, government, manufacturing, safety and transportation sectors worldwide. The UK company, incorporated in 1973 and registered in Bracknell, Berkshire, operates as part of this global manufacturing group rather than as an independent trading brand. It remains an active company on the UK register.
Generated from the company's website and Companies House records. Sources: 3m.com