Based on the data provided, there is no clear trend in the average time taken for COATS INDUSTRIAL THREAD LIMITED to pay invoices to suppliers. The average time to pay has remained relatively consistent over the past three periods, with a slight decrease from 2019 to 2020, followed by a slight increase in 2021.
The volatility of COATS INDUSTRIAL THREAD LIMITED's invoice payment behavior is relatively low, with no significant changes in any of the metrics between periods. The percentage of invoices paid within 30 days has consistently been the highest, while the percentage of invoices paid later than 60 days has consistently been the lowest.
Between the periods of 2020-01-01 to 2021-06-30, there was a slight decrease in the average time taken for COATS INDUSTRIAL THREAD LIMITED to pay invoices, from 34.5 days to 33.8 days. However, there was a slight increase in the percentage of invoices paid within 30 days, from 91.6% to 92.2%. The percentage of invoices paid between 31 and 60 days remained consistent at around 7%, while the percentage of invoices paid later than 60 days also remained consistent at around 1%.
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 |
Coats Industrial Thread Limited is a UK-registered company incorporated in 1937, previously known as Tootal Thread Limited and, before that, English Sewing (Overseas) Limited. Companies House records its nature of business as activities of head offices, indicating that this entity performs an administrative or holding role rather than direct trading. Its name and history link it to industrial thread manufacturing, consistent with membership of the wider Coats Group, a global business in thread and textile products. The registered office is administered from London. No further detail on specific products, operations or trading activity for this particular entity is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk