GOV.UK
WH HOLDING LIMITED
Company number: 05993863
Reporting period:
1 December 2017
to 31 May 2018
This report was filed on 30 October 2018
and approved by Andy Mollett
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 60%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 34 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
61 days
Standard payment terms
Standard payment terms are agreed to be 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 contracts.
Payment delays can sometimes arise due to the internal processes of obtaining budget holder 'sign-off', however, we are working to improve reduce such occurrences.
On the whole, our payment days and related statistics are in line with those of other FAPL Clubs.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
61 days
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 to the Head of Finance, and thereafter to the Chief Financial Officer. Unresolved disputes after these escalations will be referred to the Board of Directors, although such circumstances are extremely rare.
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.
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