TARGET SERVICING LIMITED
Company Information
- Company Number
- 05618062
- Registered Address
- Imperial Way, Coedkernew, Newport, Wales, NP10 8UH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 November 2005
- Nature of Business
- 63110 - Data processing, hosting and related activities82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
TARGET SERVICING LIMITED demonstrates a tendency to pay slightly beyond a 30-day term, evidenced by its 31-day average payment time. While 66% of payments are completed within 30 days, a notable 47% are classified as late, indicating a mixed but leaning towards slower payment trajectory for a significant portion of invoices.
Volatility Analysis
The payment profile exhibits moderate volatility; while 66% of payments are prompt, nearly one-third (27%) extend into the 31-60 day range, and 6% are paid over 60 days. This distribution suggests an inconsistent payment cycle, making it challenging for suppliers to predict exact payment dates and manage cash flow reliably.
Summary Analysis
Given the 31-day average and 47% late payments, suppliers should anticipate potential delays beyond standard 30-day terms when engaging with TARGET SERVICING LIMITED. It is advisable to factor in potential cash flow impacts and consider establishing slightly longer payment terms or utilizing early payment discount incentives if offered, to mitigate 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 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 52 | 33% | 42% | 25% | 81% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 53 | 39% | 39% | 22% | 77% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 31 | 66% | 27% | 6% | 47% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 29 | 71% | 24% | 5% | 50% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 33 | 59% | 31% | 10% | 68% |
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 standard payment terms are 30 days from receipt of a valid invoice.
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
60
Dispute Resolution Process
Our 4 core values embody our culture and are the key to our success; they are embedded within the company and drive our behaviours both internally and externally: One Team, Do The Right Thing, Keep It Simple, Deliver On Promises. In line with these core values, we will endeavor to resolve any disputes in a timely and fair manner. Disputes should be raised by e-mailing purchaseledger@targetgroup.com and will be managed by the accounts payable team.
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.
❌
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.
❌
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.
❌
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?
❌
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
TARGET SERVICING LIMITED operates as a private limited company, providing servicing operations.
Incorporated on 10 November 2005, TARGET SERVICING LIMITED is an active company. Its registered office is located at Imperial Way, Coedkernew, Newport, Wales, NP10 8UH. The company number is 05618062.
In the UK market, companies with "Servicing" in their name, structured as private limited companies, typically specialise in offering maintenance, repair, operational support, or technical assistance across various industries.
