SWANSEA CITY ASSOCIATION FOOTBALL CLUB LIMITED(THE)
Company number: 00123414
Reporting period:
1 February 2019 to 31 July 2019
Report filed on:
9 October 2019
Approved by:
TREVOR NIGEL BIRCH
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 5%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company's standard payment terms are to pay invoices by the end of the month following the month in which the invoice is dated; or if earlier, the payment due date as specified in the supply contract between the company and the supplier. Major contracts, including those for player transfers, are generally subject to specific payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute about invoice payment that cannot be resolved with the company's Accounts Payable team is initially escalated to the Chief Financial Officer. Ultimately any dispute which cannot be resolved after following this due process may be escalated to the Board of Directors.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No