THE ARSENAL FOOTBALL CLUB PUBLIC LIMITED COMPANY
Company number: 00109244
Reporting period:
1 December 2020 to
31 May 2021
This report was filed on 24 June 2021
and approved by Stuart Wisely
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 36%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 13%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
The Company’s standard payment terms are that invoices are paid at the end of the month following the month in which the invoice is dated. Significant contracts including those for player transfers and related transactions are subject to specific payment terms as set out in and agreed in the applicable contract.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
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
N/A
Dispute resolution process
Any dispute about invoice payment that cannot be resolved with the Company’s Accounts Payable team can be escalated initially to the Group Financial Controller and thereafter if still unresolved to the Group CFO. Any dispute that cannot be resolved with the Finance team may be referred to the Groups General Council.
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 Prompt 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.
Yes
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