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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
❌
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.
❌
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.
❌
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
Watford Association Football Club Limited is the registered entity behind Watford Football Club, a professional football club based at Vicarage Road Stadium in Watford, Hertfordshire. Its official website covers men's and women's first team fixtures, ticketing, hospitality and match streaming via iFollow, along with news on signings, loans and academy activity. Companies House records classify its business under other sports activities, consistent with running a football club and its associated matchday, broadcasting and commercial operations. The company has been incorporated since 1909 and remains active, continuing to compete in English football and operate the Vicarage Road ground for home fixtures.
Generated from the company's website and Companies House records. Sources: watfordfc.com