HONDA R & D EUROPE (U.K.) LIMITED
Company Information
- Company Number
- 02763500
- Registered Address
- Third Floor, Building 1410 Arlington Business Park, Theale, Reading, Berkshire, England, RG7 4SA
- Status
- Active
- Employee Count
- 18
- Turnover
- £5,364,000
- EBITDA
- £515,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 November 1992
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 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 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 21 | 83% | 16% | 1% | 17% |
| 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 - 30 Sept 2019 | 28 Oct 2019 | 23 | 82% | 11% | 7% | 35% |
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 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
Dispute Resolution Process
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.
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.
❌
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 R&D Europe (U.K.) Limited is a subsidiary of Honda Motor Co., Ltd. and is responsible for research and development activities in Europe. The company's focus is on developing new technologies and products to enhance Honda's global product line.
One of the key areas of focus for Honda R&D Europe is sustainability. The company is committed to reducing its environmental impact and has implemented various initiatives to achieve this goal. This includes developing more fuel-efficient engines, using alternative energy sources, and promoting recycling and waste reduction.
The company's products and services include the development of advanced powertrain technologies, such as hybrid and electric vehicles, as well as research in the areas of safety, connectivity, and autonomous driving. Their innovations have led to the production of more environmentally friendly and efficient vehicles, as well as improved safety features for drivers.
The key people at Honda R&D Europe include the President and Representative Director, Katsushi Inoue, and the Executive Vice President, Seiji Kuraishi. They lead a team of talented engineers and researchers who are committed to developing innovative and sustainable solutions for Honda's global operations.
The company's registered office address is at Cain Road, Bracknell, Berkshire, RG12 1HL, United Kingdom. Their website address is http://www.hondarandd.eu. They can also be contacted via email at info@hondarandd.eu or by phone at +44 (0) 1344 888 000. Overall, Honda R&D Europe (U.K.) Limited is dedicated to driving forward Honda's commitment to sustainability and innovation.
