NORWICH CITY FOOTBALL CLUB PLC
Company number: 00154044
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
28 January 2021
Approved by:
Anthony Richens
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 58%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The Club shall pay the price of the Services no later than the final day of the calendar month following the month in which the Club receives an invoice for the Services, unless otherwise agreed in writing, but time for payment shall not be of the essence of the Contract. Contracts regarding player transfers are subject to payment terms outlined and agreed in the relating transfer agreement contract.
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
30 days
Maximum contractual payment period excludes transfer agreements for players which may or may not be payable in instalments with payment periods between 30 days and 36 months.
Any other information about payment terms
N/A
Dispute resolution process
All complaints or disputes are considered by the Accounts Payable team at Norwich City FC for possible resolutions. Any dispute or complaint that cannot be resolved is escalated to the Finance Director.
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