WATFORD ASSOCIATION FOOTBALL CLUB LIMITEDTHE
Company Information
- Company Number
- 00104194
- Registered Address
- Vicarage Road Stadium, Vicarage Road, Watford Hertfordshire, WD18 0ER
- Status
- Active
- Employee Count
- 352
- Turnover
- £57,590,000
- EBITDA
- £33,094,000
Additional Details
- Website
- https://watfordfc.com
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1909
- Nature of Business
- 93199 - Other sports activities
- Industries
- Sports
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There has been a consistent increase in the average time taken for WATFORD ASSOCIATION FOOTBALL CLUB LIMITED(THE) to pay invoices to suppliers over the past three periods.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 48% and 51%, while the percentage of invoices paid between 31 and 60 days has remained relatively stable at around 40% to 42%. The most significant change can be seen in the percentage of invoices paid later than 60 days, which has increased from 9% to 14% over the past three periods.
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 | 30 Jan 2018 | 33 | 51% | 40% | 9% | 9% |
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
The company generally shall make payment during the first week of the month following the month in which the invoice is dated. Contracts relating to player transfers and capital works are subject to specific contractual terms and are paid in accordance with the schedules outlined within the relevant contract.
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
If a dispute arises in relation to an invoice the department head responsible for the cost will advise the accounts assistant responsible for the purchase ledger function. This is internally recorded and a follow up is diarised. The department head will then deal with the query directly, keeping the Finance team informed of progress. Any disputes not resolved within 30 days will be referred to the Head of Finance and thereafter to the Chief Executive Officer.
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
Watford Association Football Club Limited (The) is a professional football club based in Watford, Hertfordshire, England. The club was founded in 1881 and currently competes in the Premier League, the highest level of English football.
The club's sustainability program focuses on reducing their environmental impact and promoting sustainable practices. They have implemented several initiatives, such as installing solar panels on their stadium roof, using energy-efficient LED floodlights, and reducing single-use plastics.
One of the club's key products and services is their football matches, which are played at their home ground, Vicarage Road Stadium. They also offer stadium tours, corporate hospitality packages, and merchandise for fans to purchase.
The key people of the club include the owner and chairman, Gino Pozzo, and the manager, Xisco Munoz. The club has a strong community presence and works closely with local schools and charities to promote the sport and provide opportunities for young players.
The club's website address is www.watfordfc.com, where fans can find information about upcoming matches, ticket sales, and news about the club. The registered office address is Vicarage Road Stadium, Vicarage Road, Watford, Hertfordshire, WD18 0ER, United Kingdom.
In summary, Watford Association Football Club Limited (The) is a successful and sustainable football club with a strong community presence and a commitment to reduce their environmental impact. They offer a range of products and services, including football matches, stadium tours, and merchandise, and are led by a dedicated team of individuals.
