The average time for THE READING FOOTBALL CLUB LIMITED to pay their invoices has decreased over the past three periods, indicating an improvement in their payment efficiency. This can be seen through the decrease in the percentage of invoices paid later than 60 days and the increase in the percentage of invoices paid within 30 days.
The average time to pay has steadily decreased over the three periods, indicating a consistent improvement in payment efficiency. However, there is some volatility in the percentage of invoices paid within 30 days and the percentage of invoices paid between 31 and 60 days, with these percentages fluctuating slightly between periods.
For THE READING FOOTBALL CLUB LIMITED, the average time to pay has consistently decreased over the past three periods. This is reflected in the increase in the percentage of invoices paid within 30 days and the decrease in the percentage of invoices paid later than 60 days. The company has also maintained a high percentage of invoices paid within their agreed terms, with no invoices being paid outside of their shortest (or only) standard payment period.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 30 | 50% | 35% | 15% | 0% |
This information is as reported by the business, and responses are in their own words.
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?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Any disputes are attempted to be resolved within the accounts team, before escalation to the Finance Director and other relevant senior managers.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Reading Football Club Limited is the registered entity behind Reading FC, a professional football club based at the Select Car Leasing Stadium in Reading. Companies House records show it as an active company incorporated in 1897, classified under other sports activities. Its own website presents it simply as the official Reading Football Club site. The club operates as a sports club and stages sporting events and activities, consistent with running a football club and its associated match-day and fan-facing operations.
Generated from the company's website and Companies House records. Sources: readingfc.co.uk