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FOOTBALL LEAGUE LIMITED(THE)

Company number: 00080612

Reporting period:
1 July 2017 to 31 December 2017

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This information is as reported by the business, and responses are in their own words.

This report was filed on 31 January 2018

and approved by Shaun Harvey

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 95%
• in 31 to 60 days: 4%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

The Company’s standard payment terms are that invoices are paid at the end of the month following the receipt of the invoice. If any invoices are required to be paid in accordance with set payment terms outside of this, interim payments are made.

Certain suppliers request payment on receipt of invoice but where days are quoted, the shortest is 7 days. Based on a review, an assumption has been made that the majority of suppliers use 30 day terms.

Suppliers generally only go beyond the 30 days from invoice if they have included all staged payments of a contract in the first invoice. This may therefore appear as a longer period following receipt of invoice, but the payment terms are deemed to be in accordance with contract payment date.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Suppliers generally only go beyond the standard 30 days if they have included all staged payments of a contract in the first invoice. This may therefore appear as a longer payment period following receipt of invoice, but the payment date terms are deemed to be in accordance with contract payment date not the date of receipt of the invoice setting out those dates.

Any other information about payment terms

N/A

Dispute resolution process

Initial credit control procedures are dealt with by the Company's Finance Department. Any dispute that cannot be resolved by the Finance team is referred to the relevant relationship manager within the Commercial department.

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

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