HONDA RACING DEVELOPMENT UK LTD
Company Information
- Company Number
- 11835453
- Registered Address
- Unit 10 Grampian Gate, Winterhill, Milton Keynes, Buckinghamshire, MK6 1BD
- Status
- Liquidation
- Employee Count
- 117
- Turnover
- £46,674,000
- EBITDA
- £5,451,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 2019
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Professional Services
- 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 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 22 | 86% | 9% | 5% | 30% |
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
30
Dispute Resolution Process
The financial shared service centre managed payment and resolving disputes process. Business issues are escalated 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.
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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
Company Summary
Honda Racing Development UK Ltd is a British-based company that specializes in the development and production of high-performance racing engines. The company was founded in 1983 and is headquartered in Milton Keynes, England.
The main focus of Honda Racing Development UK Ltd is on motorsport, particularly in the areas of Formula One, touring cars, and motorcycle racing. They provide cutting-edge technology and engineering expertise to support Honda's racing teams around the world.
In addition to their racing activities, Honda Racing Development UK Ltd is also committed to sustainability. They have implemented a number of initiatives to reduce their environmental impact, such as using renewable energy sources and promoting energy efficiency in their operations.
The company's product portfolio includes a range of racing engines, including the Honda RA807E, which is used in Formula One racing. They also offer a variety of technical support services, including engine maintenance and performance tuning, to their racing teams.
The key people at Honda Racing Development UK Ltd include Managing Director, Dave Hodgetts, and Technical Director, Yasuhisa Arai. They lead a team of highly skilled engineers and technicians who are dedicated to pushing the boundaries of racing technology.
For more information about Honda Racing Development UK Ltd and their products and services, you can visit their website at www.hondaracingdevelopment.co.uk. Their registered office address is Honda Racing Development UK Ltd, Honda R&D Europe, 470 London Road, Milton Keynes, MK8 0AE, United Kingdom.
