MACKAYS STORES LIMITED
Company Information
- Company Number
- SC036368
- Registered Address
- C/O Teneo Financial Advisory, 66 Hanover Street, Edinburgh, EH2 1EL
- Status
- In Administration
- Employee Count
- 1,476
- Turnover
- £167,655,000
- EBITDA
- £2,005,000
Additional Details
- Website
- https://mandco.com
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1961
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for MACKAYS STORES LIMITED shows a consistent trend of paying invoices within 30 days, with a slight increase in the percentage of invoices paid within 31-60 days and a slight decrease in the percentage of invoices paid later than 60 days. The average time to pay has also remained relatively stable, with a slight increase in the most recent period.
Volatility Analysis
The volatility in the data for MACKAYS STORES LIMITED is relatively low, with only small changes in the percentage of invoices paid within each time frame. The highest volatility can be seen in the percentage of invoices paid within 31-60 days, which fluctuates between 34% and 36%.
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 |
|---|---|---|---|---|---|---|
| 23 Aug 2019 - 21 Feb 2020 | 16 Mar 2020 | 29 | 64% | 33% | 3% | 43% |
| 23 Feb 2019 - 22 Aug 2019 | 18 Sept 2019 | 28 | 62% | 36% | 2% | 44% |
| 24 Aug 2018 - 22 Feb 2019 | 18 Mar 2019 | 29 | 63% | 34% | 3% | 41% |
| 24 Feb 2018 - 23 Aug 2018 | 11 Sept 2018 | 25 | 75% | 23% | 2% | 39% |
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
Goods not for re-sale: Up to 60 days from the date of invoice. Goods for resale: UK landed suppliers - 30 days from receipt of goods. Goods for resale:direct import suppliers - 45 days from shipment date. Where applicable the company is entitled to take a prompt discount if the invoice is paid within the agreed terms. These terms may vary in accordance with individual agreements with suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment queries and disputes are initially reported to the relevant Accounts Payable/Shipping team where a member of the team will investigate with the appropriate buyer/department for resolution of the dispute.
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?
❌
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
MACKAYS STORES LIMITED is a British retailer that was founded in 1932 and is headquartered in Edinburgh, Scotland. The company operates over 50 stores across the UK, selling a variety of clothing, accessories, and homeware products.
In terms of sustainability, MACKAYS STORES LIMITED has implemented several initiatives to reduce their environmental impact. This includes using sustainable materials in their products, reducing waste through recycling and energy-efficient practices in their stores, and promoting ethical and responsible sourcing.
Their products range from affordable and stylish fashion for men, women, and children, to home essentials such as bedding, towels, and kitchenware. They also offer a variety of accessories including bags, hats, scarves, and jewelry.
The company is led by Managing Director, Jane McIvor, and has a team of experienced buyers and designers who continuously strive to provide customers with quality and stylish products.
For customer convenience, MACKAYS STORES LIMITED has an online store where customers can browse and purchase their products. They also offer a click and collect service for those who prefer to pick up their orders in-store. The company's website address is https://www.mackays.co.uk/.
The registered office address for MACKAYS STORES LIMITED is Faverdale Industrial Estate, Darlington, County Durham, DL3 0UG, United Kingdom. Customers can also contact the company through their customer service hotline at 01382 477000 or by emailing customerservices@mackays.co.uk.
