TARGUS EUROPE LIMITED
Company number: 01743076
Reporting period:
1 January 2024 to 28 February 2025
Report filed on:
23 April 2025
Approved by:
Anna Murphy
Payment statistics
Average time taken to pay invoices: 72 days
Total value paid:
- within 30 days: £3,692,650 (None)
- in 31 to 60 days: £8,598,161 (None)
- in 61 days or more: £26,653,563 (None)
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 22%
- in 61 days or more: 68%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £32,706,382
- payments due in the reporting period which have not been paid within the agreed period: 84%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
Our suppliers dictate what terms they want us to adher to. Most of the value in the invoices we pay is for stock which have terms typically of 60days or more. Those suppliers with shorter payment terms tend to be more local European suppliers who provide a service to us. Our most fregently used payment terms, for the bulk value of what we pay is 60 to 75 days
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
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We operate a purchase order system within the company. Therefore all invoices received by accounts payable (AP) should be matched to a purchase order. If it can't be matched AP will liaise with the owner of the purchase order and they will deal directly with the supplier.
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