| 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 Jul 2022 - 31 Dec 2022 | 23 Feb 2023 | 97 | 46% | 14% | 40% | 54% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 65 | 56% | 25% | 19% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 59 | 51% | 15% | 35% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jan 2022 | 56 | 51% | 23% | 26% | 55% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 41 | 60% | 23% | 17% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 48 | 60% | 16% | 24% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 41 | 75% | 7% | 18% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 55 | 49% | 17% | 34% | 72% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 63 | 34% | 36% | 30% | 87% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Company policy to agree appropriate terms of payment with each supplier. Payment runs for each currency occur on a weekly basis. 50% of our supplier’s invoices during the period are on payment terms of 30 days, 34% of terms are lower than 30 days and apply mainly to recruitment agencies and delivery service suppliers. Intercompany invoices are applied on 45-day terms but settled on an informal ad hoc basis through an internal netting agreement, usually exceeding the agreed payment terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
38% of invoices due in the period were not paid within the contractual terms. Of this amount, 32% of invoices were intercompany related. 12% of invoices paid in the period were related to intercompany invoices. Excluding intercompany invoices, 30% of invoices weren’t paid within agreed terms.
Maximum contractual payment period agreed
90
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 to both party’s satisfaction prior to payment being made. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team via email and phone.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Taylor Made Golf Limited is a UK registered company based in Basingstoke, incorporated in 1979. Its Companies House record shows two previous names, Salomon Ski Equipment (Great Britain) Limited and Salomon Taylor Made Limited, before it adopted its current name. Its registered activity is classed as non-specialised wholesale trade. Company directors are linked to a Carlsbad, California address associated with a golf equipment company, indicating this entity operates as part of a wider international golf equipment group's UK operations. No further detail on specific UK trading activities, products or turnover is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk