ASTON VILLA FC LIMITED
Company number: 02502822
Reporting period:
1 December 2018 to 31 May 2019
Report filed on:
9 December 2019
Approved by:
Ian Hopson
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 19%
- in 61 days or more: 19%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
61 days
Standard payment terms
Standard payment terms are 30 days following the end of the month in which the invoice is received or dated. Average time to pay invoices is significantly affected by contracts for player transfers and related transactions, which are subject to specific payment terms as outlined and agreed in the applicable contract, and may be paid in instalments over a number of years.
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
1488 days
Significant contracts, such as those for player transfers, are subject to specific payment terms as outlined and agreed in the applicable contract, and may be paid in instalments over lengthy periods. Currently, the maximum contractual payment period agreed is 1,488 days
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment disputes are handled by the Accounts Payable team, with support from the invoice contact within the company. In the event that a satisfactory outcome can not be reached at this stage, the issue will be escalated within the organisation until the dispute is resolved.
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