HONDA OF THE UK MANUFACTURING LIMITED
Company Information
- Company Number
- 01887872
- Registered Address
- 1 More London Place, London, SE1 2AF
- Status
- Liquidation
- Employee Count
- 2,936
- Turnover
- £1,143,446,000
- EBITDA
- £66,580,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1985
- Nature of Business
- 29100 - Manufacture of motor vehicles
- Industries
- Road Travel
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for HONDA OF THE U.K. MANUFACTURING LIMITED has remained relatively stable over the past three periods, with a slight decrease from 2019-2020 and a slight increase from 2020-2021. However, there has been a noticeable improvement in the percentage of invoices paid within 30 days, with a steady increase over the past three periods.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with only a 3% difference between the highest and lowest values. However, there has been more volatility in the percentage of invoices paid later than 60 days, with a difference of 5% between the highest and lowest values.
Summary Analysis
From 2018-2021, the average time for HONDA OF THE U.K. MANUFACTURING LIMITED to pay invoices has remained stable at around 46-47 days. However, there has been a notable improvement in the percentage of invoices paid within 30 days, with an increase from 13% in 2018 to 20% in 2021. This trend suggests that the company is making an effort to pay invoices in a timely manner.
Performance Reports History
| 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 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 46 | 20% | 75% | 5% | 7% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 44 | 21% | 74% | 5% | 6% |
| 01 Feb 2020 - 30 Sept 2020 | 16 Oct 2020 | 49 | 18% | 71% | 11% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 24 Apr 2020 | 46 | 15% | 80% | 5% | 4% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Oct 2019 | 47 | 15% | 78% | 7% | 8% |
| 01 Oct 2018 - 31 Mar 2019 | 11 Apr 2019 | 46 | 18% | 76% | 6% | 8% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 46 | 13% | 81% | 6% | 8% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Last Working Day of the month following the date of the invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
For suppliers of component parts (used in vehicle manufacture) the first point of contact will be via the Procurement and Logistics Control Group (PLCG) section of the Procurement and Logistics division. Phone number 01793 837652. The PLCG team will then manage this query and liaise with the supplier and the relevant buyer to resolve the dispute For suppliers of goods and services other than component parts the first point of contact is the Accounts Payable (AP) team within the Finance department. Phone number 01793 834560, email hum.accounts.payable@honda-eu.com. If the AP team are not able to resolve the issue the supplier will be directed to our Shared Service Centre for price related queries, or the person who requested the goods or services for any delivery or quality related issues.
Other Payment Information
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.
❌
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.
❌
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
Company Summary
Honda of the U.K. Manufacturing Limited is a subsidiary of the Japanese automotive giant, Honda Motor Co. Ltd. The company was established in 1985 and is headquartered in Swindon, United Kingdom.
The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. These include the use of renewable energy sources, such as wind turbines and solar panels, at its manufacturing plants. Honda of the U.K. also has a zero-waste to landfill policy, ensuring that all waste produced during the manufacturing process is recycled or reused.
As a leading manufacturer of automobiles, Honda of the U.K. offers a wide range of products and services. These include cars, motorcycles, and power equipment, such as lawnmowers and generators. The company is known for its innovative and environmentally friendly vehicles, such as the Honda Clarity, which is a hydrogen fuel cell electric vehicle.
The key people at Honda of the U.K. Manufacturing Limited include Jason Smith, the Managing Director, and Tom Gardner, the Senior Vice President. Both are experienced leaders in the automotive industry and are responsible for driving the company's growth and sustainability efforts.
For more information on Honda of the U.K. Manufacturing Limited and its products and services, you can visit their website at www.honda.co.uk. Their registered office address is Honda of the UK Manufacturing Ltd, Honda House, Cain Road, Bracknell, Berkshire, RG12 1HL, United Kingdom.
