THE READING FOOTBALL CLUB LIMITED
Company number: 00053703
Reporting period:
1 July 2017 to 31 December 2017
Report filed on:
31 January 2018
Approved by:
Ron Gourlay
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 35%
- in 61 days or more: 15%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 45 days from the end of the month invoices are received. Several significant contracts, including player transfers, are subject to specific payment terms.
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 disputes are attempted to be resolved within the accounts team, before escalation to the Finance Director and other relevant senior managers.
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.
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