GARMIN (EUROPE) LIMITED
Company number: 02724437
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Sean Biddlecombe
Payment statistics
Average time taken to pay invoices: 95 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 16%
- in 61 days or more: 52%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 52%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
150 days
Standard payment terms
Garmin (Europe) Limited's standard payment terms state that for third party invoices for goods and services payment will be made in 30 days from the end of the month of receipt of a correct, undisputed and properly due invoice. The standard payment terms in respect of key intercompany supplier is 150 days from receipt of a correct, undisputed and properly due invoice.
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
150 days
The maximum contractual terms of 150 days is in relation to specific Garmin entities, and does not relate to third party contracts.
Any other information about payment terms
During 2025 H2, if related party transactions are removed our average number of days taken to pay reduces from 95 to 26.
Dispute resolution process
Garmin (Europe) Limited makes every effort to resolve any payment dispute in a timely and fair manner. Disputes are resolved through discussion, and suppliers should contact the Accounts Payable Administrator at:
accounts. payable-ge@garmin.com.
Communication with the supplier will be made in the shortest possible timescale to ensure quick resolution.
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.
No
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