HARLEY-DAVIDSON EUROPE LIMITED
Company number: 02358344
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
5 July 2018
Approved by:
Christian Thieme
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 36%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 49%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
our standard payment terms are 30 days, though dealers are set as 0 days, but by the time the invoices are received and processed it is approx 7 days, hence why the 50% out of terms. Some Vendors standard payment term of 60 days is set for suppliers shipping goods to our warehouse to allow for the delivery to be received and check before full payment is made.
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
60 days is set for suppliers shipping goods to our warehouse to allow for the delivery to be received and check before full payment is made.
Any other information about payment terms
No further comment provided
Dispute resolution process
If we have any overdue invoices it is usually as they have not received, we then request copies by email and enter and pay asap. Some invoice may be delayed when they have overcharged against the Purchase order or not advised of the purchase order number to enable the invoice to be matched and paid.
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