| 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 2019 - 30 Sept 2019 | 13 Jan 2020 | 35 | 45% | 51% | 4% | 55% |
| 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 liquidation private limited company, incorporated on 24 August 1990, based in the West Midlands region. Registered business activity: Operation of warehousing and storage facilities for land transport activities.
From Companies House records.