TAYLOR MADE GOLF LIMITED
Company number: 01424575
Reporting period:
1 January 2023 to 30 June 2023
Report filed on:
11 June 2026
Approved by:
Charlotte Durman
Payment statistics
Average time taken to pay invoices: 83 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 14%
- in 61 days or more: 30%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 65%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
It is the Company's policy to agree appropriate terms of payment with each supplier. Payment runs for each currency are processed on a weekly basis. The most common payment term is NET 45 DAYS, which applies primarily to the intercompany relationship with Taylor Made. (USA). Other significant terms include Net 30 days (applied to general suppliers), IMMEDIATE terms (applied to delivery service providers and urgent fulfilment suppliers), and T_30/T_14 DAYS. Intercompany invoices are on 45-day terms and are settled through an internal netting arrangement. There have been no changes to standard payment terms in this reporting period.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
Intercompany invoices to Taylor Made. (USA) are included in all statistics above and represent approximately 54% of invoice count for this period, on NET 45 DAYS terms. These are settled on an ad hoc basis through an internal netting arrangement. Excluding intercompany, the average time to pay third-party suppliers is materially lower.
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible and to both parties' satisfaction prior to payment being made. Disputes are resolved by discussion and agreement with the supplier and are typically managed by the dedicated Accounts Payable team via email and telephone. Suppliers should contact the Accounts Payable team in the first instance.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No