HARLEY-DAVIDSON EUROPE LIMITED

Company number: 02358344

Reporting period:
1 January 2023 to 30 June 2023

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This report was filed on 14 July 2023

and approved by Victoria William's

Payment statistics

Average time taken to pay invoices: 82 days

Invoices paid:

• within 30 days: 30%
• in 31 to 60 days: 4%
• in 61 days or more: 66%

Invoices due but not paid within agreed terms: 70%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

The standard for most vendors is 30 days, but for dealers we have 7 days, Good shipped in are 60 days to allow for receipt

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

No further comment provided

Any other information about payment terms

Our intercompany to the parent company terms are 60 days sometimes we delay payment to 90 days depending on funding and treasury requirements

Dispute resolution process

we have KPI's of 5 working days, normally it is due to not receiving and invoice, or incorrect info on the invoice eg no PO ( all invoices have a PO), we process/input and pay asap with any delayed invoices

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