HONDA TRADING EUROPE LIMITED
Company Information
- Company Number
- 02465436
- Registered Address
- 1 More London Place, London, SE1 2AF
- Status
- Liquidation
- Employee Count
- 47
- Turnover
- £222,265,000
- EBITDA
- £2,408,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 31 January 1990
- Nature of Business
- 46720 - Wholesale of metals and metal ores46760 - Wholesale of other intermediate products
- Industries
- Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
HONDA TRADING EUROPE LIMITED demonstrates a strong trend of prompt payments, with 89% of invoices settled within 30 days. However, the average payment time of 45 days indicates that a significant portion of payments extends beyond standard terms. This suggests a mixed payment trajectory, where a majority are swift, but a notable minority experience delays.
Volatility Analysis
While the high percentage of payments within 30 days suggests general reliability, the 17% late payment rate introduces a degree of unpredictability for suppliers. The 6% of payments extending beyond 60 days indicates a specific risk of extended delays for some transactions. This creates a moderate level of volatility in cash flow expectations, despite the overall positive average.
Summary Analysis
Overall, HONDA TRADING EUROPE LIMITED can be considered a generally reliable payer, with a strong tendency for timely settlements for most invoices. Suppliers should acknowledge the 17% late payment rate and 6% of payments exceeding 60 days as potential risk factors for a portion of their transactions. We recommend establishing very clear payment terms and potentially considering flexible credit limits or payment milestones to mitigate individual invoice risk.
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 2022 - 30 Sept 2022 | 31 Oct 2022 | 45 | 89% | 5% | 6% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 40 | 89% | 7% | 4% | 10% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 35 | 95% | 2% | 3% | 7% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 33 | 96% | 2% | 2% | 5% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Oct 2020 | 34 | 95% | 2% | 3% | 6% |
| 01 Oct 2019 - 31 Mar 2020 | 24 Apr 2020 | 33 | 97% | 1% | 2% | 4% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 33 | 96% | 2% | 2% | 4% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 33 | 96% | 2% | 2% | 5% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 33 | 90% | 6% | 4% | 11% |
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
30 day net from invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Payment disputes are raised and resolved by the Accounts payable administrator working with the business contact and the supplier to resolve, with escalation to senior management as required.
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.
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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.
❌
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 TRADING EUROPE LIMITED operates as a private limited company, as indicated by its legal structure. The company's name signifies its primary function as a trading entity with a geographical focus on Europe, relating to the Honda brand.
Incorporated on 31 January 1990, the company is registered in England with company number 02465436. Its registered office is situated at 1 More London Place, London, SE1 2AF. The company is currently in liquidation.
Trading companies typically specialise in the procurement, sale, and distribution of various products, often acting as crucial intermediaries in supply chains. In the UK market, such organisations manage the import and export of goods, facilitating commercial transactions between manufacturers and their client base.
