HONDA FINANCE EUROPE PLC
Company Information
- Company Number
- 03289418
- Registered Address
- Cain Road, Bracknell, Berkshire, RG12 1HL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 4 December 1996
- Nature of Business
- 64929 - Other credit granting not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
HONDA FINANCE EUROPE PLC demonstrates a strong tendency for timely payments, with an average payment time of 29 days. A significant majority of payments, 79%, are processed within the 30-day standard. However, 21% of payments are consistently made late, indicating a minor but present deviation from immediate terms.
Volatility Analysis
While generally reliable, the 21% late payment rate introduces some unpredictability for a portion of invoices. Suppliers should be aware that 13% of payments extend to between 31 and 60 days, potentially impacting short-term cash flow. A smaller but notable 8% of payments exceed 60 days, which represents a higher risk for prolonged delays.
Summary Analysis
Overall, HONDA FINANCE EUROPE PLC presents a generally favorable payment profile with most invoices paid within 30 days. Suppliers should factor in the 21% late payment rate, particularly the 8% that can exceed 60 days, when assessing cash flow projections. Consider establishing clear payment follow-up procedures for invoices approaching or exceeding the 30-day mark to mitigate potential delays.
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 2025 - 30 Sept 2025 | 30 Oct 2025 | 27 | 88% | 10% | 2% | 10% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 30 | 85% | 9% | 6% | 15% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 27 | 87% | 10% | 3% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 29 | 79% | 13% | 8% | 21% |
| 01 Apr 2023 - 30 Sept 2023 | 21 Nov 2023 | 24 | 89% | 7% | 4% | 11% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 26 | 85% | 13% | 2% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 27 | 86% | 11% | 4% | 15% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 25 | 84% | 14% | 2% | 15% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 26 | 86% | 11% | 3% | 14% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 25 | 86% | 13% | 1% | 14% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Oct 2020 | 26 | 99% | 1% | 0% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 24 Apr 2020 | 28 | 99% | 1% | 0% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 27 | 97% | 3% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 28 | 95% | 4% | 1% | 5% |
| 01 Apr 2018 - 30 Sept 2018 | 17 Oct 2018 | 25 | 96% | 1% | 3% | 1% |
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 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
45
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.
❌
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 FINANCE EUROPE PLC is an active Public limited Company. Its name signifies its role in providing financial services, primarily related to Honda products and operations within Europe.
Incorporated on 4 December 1996, the company holds the active company number 03289418. Its registered office is located at Cain Road, Bracknell, Berkshire, RG12 1HL, placing its operational base within the South East of England.
Organisations operating as public limited companies with "Finance" in their name typically offer a broad spectrum of financial products. These commonly include vehicle financing, personal contract purchase (PCP), hire purchase (HP) agreements, and various leasing options for both individual and corporate clients within the UK market.
