HONDA LOGISTICS UK LIMITED
Company number: 02534528
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
13 January 2020
Approved by:
Kyuichi Yamashita
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 51%
- 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: £0
- payments due in the reporting period which have not been paid within the agreed period: 55%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
We most frequently pay based on 45 day payment terms.
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
We have a payment run every two weeks where all invoices due on the payment date are paid. This results in invoices being paid within 45 days.
Dispute resolution process
For suppliers of goods and services, the first point of contact is the Accounts Payable (AP) team within the Finance department. Phone number 01793 827015, email accounts@hondalogistics-uk.com. If the AP team is unable to resolve the issue the supplier will be directed to the person who requested the goods or services for any price, delivery, quality-related issues.
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