THE READING FOOTBALL CLUB LIMITED
Company Information
- Company Number
- 00053703
- Registered Address
- Select Car Leasing Stadium, Junction 11, M4, Reading, England, RG2 0FL
- Status
- Active
- Employee Count
- 288
- Turnover
- £10,002,000
- EBITDA
- -£15,212,000
Additional Details
- Website
- https://readingfc.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 11 August 1897
- Nature of Business
- 93199 - Other sports activities
- Industries
- Sports
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
Performance Reports History
| 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% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
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?
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The Reading Football Club Limited is a professional football club based in Reading, England. Founded in 1871, it has a long history and is a member of the English Football League. The club's main sustainability program is focused on reducing its environmental impact and promoting social responsibility.
The club offers a range of products and services, including match tickets, merchandise, and hospitality packages. They also have a robust youth academy, providing training and development opportunities for young players.
Key people within the club include chairman Sir John Madejski, manager Jose Gomes, and captain Liam Moore. The club is also supported by a dedicated team of staff, coaches, and players.
For more information on the club, their website address is www.readingfc.co.uk. Their registered office address is Madejski Stadium, Reading, Berkshire, RG2 0FL. The club is committed to engaging with and supporting the local community and has various initiatives in place to do so, such as the Reading FC Community Trust. They also have a strong partnership with the local charity, Duchess of Kent House Hospice. Through their sustainability efforts and community involvement, The Reading Football Club Limited continues to be a respected and well-loved institution in British football.
