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Their own payment-practices filing · gov.uk

Garmin (Europe) Limited pays suppliers in 108 days on average — within its stated 7–150 day terms

CRN 02724437 · Wholesale & retail trade · 17 statutory reports on record · period to 30 Jun 2026

108daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 101 days past the shortest term they state (7 days), still within their 150-day upper term.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
7–150 days
Paid outside agreed terms
63% of invoices
Paid after 61+ days
60%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 31 Jul 2026

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2026 filing

Paid within their stated range — 108 against 7–150 days

The pattern · last 6 of 17 reports

68 → 108 days — slowing down

The read · computed from their figures

Garmin (Europe) Limited's H1 2026 filing puts their average at 108 days against stated terms of 7–150 days; 63% of invoices were paid outside agreed terms and 60% took 61 days or longer. Filed 31 Jul 2026.

The direction is slower: from 68 days in H2 2023 to 108 now — 40 days slower across their last 6 reports.

On the latest reported averages: Slower than 99% of the 815 large companies reporting in wholesale & retail trade.

That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Garmin (Europe) Limited's standard payment terms state that for third party invoices for goods and services payment will be made in 30 days from the end of the month of receipt of a correct, undisputed and properly due invoice. The standard payment terms in respect of key intercompany supplier is 150 days from receipt of a correct, undisputed and properly due invoice.

Dispute resolution

Garmin (Europe) Limited makes every effort to resolve any payment dispute in a timely and fair manner. Disputes are resolved through discussion, and suppliers should contact the Accounts Payable Administrator at: accounts. [email protected]. Communication with the supplier will be made in the shortest possible timescale to ensure quick resolution.

Other information

During 2026 H1, if related party transactions are removed our average number of days taken to pay reduces from 108 to 33.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 202610863%60%31 Jul 2026
H2 20259552%52%30 Jan 2026
H1 20257939%54%30 Sept 2025
H2 20246829%59%30 Jan 2025
H1 20247629%67%31 Jul 2024
H2 20236832%63%19 Jan 2024
H1 20238040%58%5 Sept 2023
H2 20226739%48%2 Mar 2023
H1 2022489%33%9 Nov 2022
H2 2021468%28%25 Jan 2022
H1 20214818%36%27 Jul 2021
H2 20205723%45%26 Jul 2021
H1 2020504%37%28 Jul 2020
H2 2019516%39%28 Jan 2020
H1 2019499%36%26 Jul 2019
H2 20184415%27%25 Jan 2019
H1 20183911%13%27 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
19 Jun 1992
Registered office
LIBERTY HOUSE, SOUTHAMPTON, SO40 9LR
0 outstanding charges on the register Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 108-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 108-day vs a 7-day payment cycle.

≈ £42,500
of invoicing outstanding at any one time on a 108-day cycle — about £39,800 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Garmin (Europe) Limited

Are they getting slower or faster?
Their reported average has moved about 40 days slower over the window (68 → 108 days).
What's their typical pay point?
Their latest filed report puts the average at day 108; across their last 6 reports it ranged 68–108 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02724437 · latest period to 30 Jun 2026

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