TARGUS EUROPE LIMITED
Company Information
- Company Number
- 01743076
- Registered Address
- 3rd Floor 1 London Square, Cross Lanes, Guildford, Surrey, United Kingdom, GU1 1UN
- Status
- Active
- Employee Count
- 57
- Turnover
- £46,372,000
- EBITDA
- £331,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 July 1983
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Supply Chain
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The predominant payment trend for TARGUS EUROPE LIMITED is significantly delayed, with an average payment time of 72 days. A substantial 68% of invoices are paid over 60 days, and 84% are considered late, indicating a consistent pattern of extended payment cycles.
Volatility Analysis
Payment reliability is very low, as evidenced by 84% of payments being late and only 10% occurring within 30 days. This consistent pattern of extended payment periods suggests a predictable delay in cash flow, rather than highly volatile but sometimes punctual payments, making cash flow forecasting challenging for suppliers.
Summary Analysis
Suppliers engaging with TARGUS EUROPE LIMITED should anticipate significantly extended payment terms well beyond standard contractual periods. It is crucial to factor in the average 72-day payment cycle and high likelihood of late payments into financial planning, potentially requesting upfront payments or negotiating stricter payment terms with penalties for delays to mitigate cash flow risk.
Performance Reports History
| 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 Mar 2025 - 30 Sept 2025 | 23 Oct 2025 | 67 | 9% | 24% | 67% | 86% |
| 01 Jan 2024 - 28 Feb 2025 | 23 Apr 2025 | 72 | 10% | 22% | 68% | 84% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
75
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?
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
Company Summary
TARGUS EUROPE LIMITED is an active Private limited Company. Its name indicates operation under the Targus brand, with a focus on the European market.
Incorporated on 28 July 1983, the company holds registration number 01743076. Its registered office is at 3rd Floor 1 London Square, Cross Lanes, Guildford, Surrey, United Kingdom, GU1 1UN, situating its base in the South East.
As a private limited company, this type of organisation typically undertakes a variety of commercial activities. These can include the development, distribution, and sale of goods or the provision of services within the UK market.
