Modern Slavery Disclosure Statement
Toymaster Modern Slavery Statement 2025
Modern slavery, a heinous violation of human rights, is a criminal act. The Modern Slavery Act aims to combat slavery, servitude, forced labor, and human trafficking offenses.
Compliant with the Modern Slavery Act 2015, this declaration affirms Toymaster's dedication to eradicating modern slavery from its supply chain and operations.
Toymaster Structure and Supply Chain
Toymaster Ltd operates as a purchasing consortium catering to independent toy vendors. The company's headquarters in Northampton, UK, house a team of 15 professionals responsible for centralized negotiations, invoice processing, payments, and marketing support. Over 250 independently owned toy stores across the UK, Republic of Ireland, Gibraltar, and Malta leverage these services to enhance their operations.
The group's members buy from around 180 suppliers annually, with a total turnover of about £50 million. Toymaster focuses on acquiring standard toys from suppliers in the UK and EU, rather than manufacturing its own toys. Toymaster Ltd does not offer any products under its own label.
Toymaster Ltd's suppliers provide products sourced globally.
Toymaster Procedures
At Toymaster, we are committed to upholding the principles of the Modern Slavery Act and guaranteeing its non-existence within our supply chain. We have implemented a comprehensive Modern Slavery policy, complemented by specific HR guidelines for our UK operations. Our UK-based service partners have been engaged to enforce preventive measures against modern slavery rigorously. We require signed statements from these partners, which must be kept current through regular updates.
Due Diligence and Policies
We have strengthened our new Supplier due diligence processes to include a requirement for signed assurances around anti-slavery compliance at Supplier listing stage. In addition, our standard contractual trading terms document requires all Suppliers of goods to Toymaster Members to declare that they have no slavery within their supply chain. These documents are signed annually and continue to assure our processes.
Being a part of the British Toy and Hobby Association, Toymaster Ltd requires its suppliers to utilize factories audited under the IETP Ethical Toy Program or an equivalent scheme meeting or exceeding its standards.
Toymaster Ltd relies heavily on external parties for compliance. Nevertheless, we are committed to fostering enduring partnerships with both our suppliers and retail members. By maintaining this approach, Toymaster is optimistic that it will facilitate successful collaboration.
Risk Assessment
We are committed to analyzing all aspects of our operations for potential exposure to modern slavery risks. We will implement continuous improvement measures to fortify our systems. Presently, we have not identified any variations in our risk assessment. Nevertheless, we will conduct annual risk evaluations and make updates as necessary.
Key Performance Indicators
At Toymaster, we vigilantly monitor potential modern slavery risks within our supply chain. Each year, we meticulously review all signed agreements to confirm our Suppliers' ongoing adherence to our standards. We depend on our Suppliers to promptly report any policy violations. Fortunately, there have been no reported incidents in the past year.
We will maintain the annual confirmation of compliance from all our suppliers and UK service providers. There were no breaches detected in the past year.
This communication represents Toymaster Ltd in compliance with section 54(1) of the Modern Slavery Act. It serves as our official Modern Slavery statement for the year 2025.
Official statement approved by the Board of Directors on January 31, 2025.
Yogi Parmar
Managing Director
January 2025