There has been a consistent increase in the average time taken for MACKAYS STORES GROUP LIMITED to pay invoices to suppliers over the past three periods.
The percentage of invoices paid within 30 days has remained relatively stable, while the percentage of invoices paid between 31 and 60 days has fluctuated slightly. The most significant change can be seen in the percentage of invoices paid later than 60 days, which has steadily increased over the past three periods.
From Feb 2018 to Aug 2020, MACKAYS STORES GROUP LIMITED has seen an increase in their average time to pay invoices to suppliers. The percentage of invoices paid within 30 days has remained stable at around 80%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 10-15%. However, the most concerning trend is the steady increase in the percentage of invoices paid later than 60 days, reaching a high of 20% in the latest period.
| 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 | |||||
| 23 Feb 2019 - 22 Aug 2019 | 18 Sept 2019 | |||||
| 24 Aug 2018 - 22 Feb 2019 | 18 Mar 2019 | |||||
| 24 Feb 2018 - 23 Aug 2018 | 11 Sept 2018 |
Mackays Stores Group Limited is a Scottish registered company, originally incorporated as Pacific Shelf 1080 Limited before adopting its current name shortly after registration in 2001. Companies House records its business activity as head office functions, indicating it operates as a holding entity within a wider group rather than trading directly with customers. Filing history shows it submits group company accounts, consolidating results from subsidiary businesses. Industry classifications associated with the company point to clothing, footwear, jewellery and online retailing, suggesting the wider group it heads operates in fashion retail. No further detail on trading operations, products or customer base is available from the supplied records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk