HARLEY-DAVIDSON EUROPE LIMITED

Company number: 02358344

Reporting period:
1 January 2022 to 30 June 2022

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This report was filed on 8 July 2022

and approved by Paul Sweeney

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 28%
• in 31 to 60 days: 69%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 21%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

standard terms for dealers are 0-7 , most vendors are 30 days, but shipped goods into the warehouse are 60 day terms

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

standard terms for dealers are 0-7 , most vendors are 30 days, but shipped goods into the warehouse are 60 day terms

Any other information about payment terms

we have to match the goods received to the invoice for goods into the warehouse there have been delays so some invoices were a few days later than the terms

Dispute resolution process

we advise the vendors as soon as we are aware of an issue and get the issue resolved, if any vendors query late payment it is normally that we didn't receive the invoice, or missing information to process it

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 Prompt 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