HONOR TECHNOLOGIES (UK) CO., LTD
Company Information
- Company Number
- 13152943
- Registered Address
- 136 George Street, London, England, W1H 5LD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 January 2021
- Nature of Business
- 46520 - Wholesale of electronic and telecommunications equipment and parts
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HONOR TECHNOLOGIES (UK) CO., LTD maintains an average payment time of 30 days, with 65% of payments completed within this period. A notable 35% of payments extend beyond 30 days, including 9% that take over 60 days. This indicates a consistent pattern where a significant portion of invoices are paid outside standard 30-day terms.
Volatility Analysis
While 65% of payments are timely, a substantial 35% fall outside the 30-day window, with 9% extending beyond 60 days. This variability, alongside a 12% rate of explicitly late payments, introduces an element of unpredictability for suppliers regarding specific invoice settlement times. Suppliers face a measurable risk of delays, impacting cash flow planning.
Summary Analysis
HONOR TECHNOLOGIES generally adheres to its average 30-day payment cycle for most transactions, with 65% settled within that period. However, the 12% late payment rate and 9% extending beyond 60 days indicate a moderate risk of payment delays for suppliers. It is recommended that suppliers factor in potential extended payment times for some invoices and consider strategies like staggered billing to manage cash flow effectively.
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 Jan 2025 - 30 Jun 2025 | 01 Aug 2025 | 30 | 65% | 26% | 9% | 12% |
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
Payment is due 30 days after receipt of correct invoice. In general, invoice just needs to match the Purchase Order. Procedure to check invoice does not extend payment deadline. Payment deadline is only extended if the invoice wasn’t correct.
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
90
Dispute Resolution Process
Our standard templates don’t contain dispute resolution clauses for disputed invoices/payments. In general, however, we agree to proposed tiered mediation procedures e.g. personnel of same level coming to an understanding. If no understanding can be reached, it is escalated to higher ranking personnel of the same level. After that it is supposed to be litigated.
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
HONOR TECHNOLOGIES (UK) CO., LTD operates as an active private limited company
Its company name indicates its operation within the technology sector in the UK
The company was incorporated on 22 January 2021 and is registered under company number 13152943
Its registered office is located at 136 George Street, London, England, W1H 5LD
Private limited companies within the UK technology sector typically provide a range of products and services
These commonly include the development, distribution, or support of software solutions, electronic hardware, or comprehensive IT services
