| 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 2018 - 30 Sept 2018 | 30 Oct 2018 | 38 | 70% | 29% | 1% | 2% |
This information is as reported by the business, and responses are in their own words.
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 information available
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.
Maximum contractual payment period agreed
60
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Honda Logistics UK Limited is a subsidiary of the Honda Motor Company that provides logistics and distribution services in the United Kingdom. The company is committed to sustainability and has implemented various measures to reduce its environmental impact.
Their sustainability program includes using eco-friendly vehicles for transportation, implementing energy-saving measures in their warehouses, and promoting recycling and waste reduction practices. They also have a green procurement policy, where they prioritize suppliers who have sustainable practices.
The company offers a wide range of logistics services, including warehousing, transportation, and distribution, to support the delivery of Honda products. These products include automobiles, motorcycles, power equipment, and marine engines.
The key people at Honda Logistics UK Limited include the managing director, Takao Furukawa, and the operations director, Paul Woods. The company's registered office is located at Unit 2, Prologis Park, Pilsworth Road, Heywood, Lancashire, OL10 2TT, and their website address is https://www.hondalogistics.co.uk/.
In summary, Honda Logistics UK Limited is a sustainable logistics company that offers a variety of services to support the delivery of Honda products. With their commitment to sustainability, they are contributing towards a greener and more environmentally-friendly future.