HONDA MOTOR EUROPE LIMITED
Company number: 00857969
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
30 October 2025
Approved by:
Ian Howells
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 39 days
Total value paid:
- within 30 days: £128,762,137 (7%)
- in 31 to 60 days: £1,601,128,783 (90%)
- in 61 days or more: £39,639,507 (2%)
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 50%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £82,518,961
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
30 days net from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
Timely payment remains a key priority, underpinning our commitment to the health and resilience of our small and medium-sized enterprise (SME) supply chain partners. During this reporting period, payment performance improved significantly to 93%, reflecting the stabilisation of operations following the successful implementation of our upgraded ERP system. The substantial progress demonstrates the effectiveness of the corrective actions taken to embed the new system and restore process efficiency.
We continue to recognise the vital importance of prompt payment in supporting our suppliers’ cash flow and business continuity. To maintain this momentum, we have reinforced process controls, enhanced automation, and strengthened supplier engagement. These efforts reflect our enduring commitment to fair, transparent, and responsible payment practices as part of a stable and reliable Source-to-Pay operations.
Dispute resolution process
Payment disputes are raised and resolved with the suppliers through the Financial Shared service centre with pricing issues managed through the Procurement Helpdesk. Business issues are raised and resolved through Accounts Payable with escalation to senior management
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No