Industry ranking
Score of 91.8/100 qualifies for PaymentCheck Certification
| 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 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 19 | 89% | 11% | 0% | 11% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 22 | 85% | 15% | 0% | 15% |
| 01 Apr 2023 - 31 Mar 2024 | 30 Apr 2024 | 18 | 97% | 3% | 0% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 21 Nov 2023 | 19 | 85% | 14% | 1% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 19 | 89% | 10% | 1% | 11% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 21 | 83% | 16% | 1% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 19 | 85% | 15% | 0% | 15% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 25 | 71% | 28% | 1% | 29% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 26 | 72% | 23% | 5% | 29% |
| 01 Apr 2019 - 31 Mar 2020 | 29 Apr 2020 | 20 | 82% | 11% | 7% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 23 | 82% | 11% | 7% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days net from the 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
60
Payment disputes are raised and resolved with suppliers by the finance team. Business issues are raised and resolved through the finance team with escalation to senior management as required.
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
Honda R&D Europe (U.K.) Limited is a UK-registered company, incorporated in 1992, engaged in research and experimental development in natural sciences and engineering. It operates from Theale, near Reading, and forms part of the wider Honda group, carrying out engineering and research and development work in the UK on behalf of the group. The company was briefly known as Yieldtime Limited and then Honda R&D Europe of the U.K. Limited before adopting its current name in December 1992. It remains active, with directors regularly appointed from within the Honda organisation, and continues to file annual accounts and confirmation statements with Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk