THINCATS LIMITED exhibits a slow payment trend with an average of 50 days, and a significant 45% of invoices are paid late. A concerning 29% of payments consistently extend beyond 60 days, indicating a prolonged settlement trajectory rather than isolated incidents.
The payment data suggests significant volatility, as only 45% of invoices are settled within 30 days, making future payment timing unpredictable for suppliers. The high 45% late payment rate directly indicates an elevated risk of inconsistent and unreliable cash flow for any supplier dealing with this company.
Suppliers should approach THINCATS LIMITED with caution due to the high likelihood of delayed and late payments, which will impact cash flow predictability. Consider implementing stricter payment terms, such as shorter net days or requiring upfront deposits, to mitigate the inherent payment risk.
| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 50 | 45% | 26% | 29% | 45% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 33 | 50% | 42% | 8% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard 30 day terms
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
A complaint or concern will be handled by the finance department whilst consulting with the relevant internal department.
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
THINCATS LIMITED is an active private limited company.
The company was incorporated on 29 July 2015 under company number 09707863. Its registered office is located at 2 Snowhill Snowhill Queensway, Birmingham, England, B4 6GA.
As a private limited company, THINCATS LIMITED operates under a common business structure in the UK. This company type enables organisations to offer a diverse range of services or products across various sectors within the UK market.