TALON OUTDOOR LIMITED

Company number: 06347960

Reporting period:
1 July 2022 to 31 December 2022

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This report was filed on 27 April 2023

and approved by Grant Murray

Payment statistics

Average time taken to pay invoices: 81 days

Invoices paid:

• within 30 days: 40%
• in 31 to 60 days: 29%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 10%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Talon operates on an agency basis. While standard terms for the majority of our suppliers are 60 days, the obligation for payment only arises upon receipt of the relevant amount from the customer relating to that payment. As a result, the statistics measured against the standard terms may be distorted by, for example, delays in payment to us by our customers.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

Talon operates on an agency basis. While standard terms for the majority of our suppliers are 60 days, the obligation for payment only arises upon receipt of the relevant amount from the customer relating to that payment. As a result, the statistics measured against the standard terms may be distorted by, for example, delays in payment to us by our customers.

Any other information about payment terms

N/A

Dispute resolution process

We have strong and ongoing relationships with our suppliers and exchange statements and reconcile outstanding amounts on a monthly basis. As part of this any queries are identified, resolved or escalated.

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 Prompt 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.

Yes

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