| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 22 Aug 2019 | 112 | 2% | 12% | 86% | 43% |
| 01 Aug 2018 - 31 Dec 2018 | 07 Mar 2019 | 96 | 4% | 17% | 79% | 19% |
| 01 Jan 2018 - 31 Jul 2018 | 14 Sept 2018 | 95 | 6% | 14% | 80% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Direct-90 Indirect - 120
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
120
The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 2 working days following receipt of the query.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Honeywell Security UK Limited is a UK-registered company within Honeywell International Inc, a global group whose building technologies division develops video surveillance and access control products. The group's security offering includes IP cameras, access control platforms such as Pro-Watch, and a cloud-based system called MAXPRO that integrates security functions and provides centralised monitoring. It serves sectors including commercial buildings, education, healthcare, retail, government and critical infrastructure, supporting these through partner and dealer programmes, professional services and technical training. Its official Companies House classification is other manufacturing not elsewhere classified, reflecting its role in producing security equipment. As the UK entity, it forms part of this wider international security and building technology business rather than operating as an independent standalone brand.
Generated from the company's website and Companies House records. Sources: security.honeywell.com