NORWICH CITY FOOTBALL CLUB PLC

PaymentCheck Score 2022
46Poor
4.3vs last year
#4376 in UK
#219 in Lifestyle And Entertainment
#327 in East of England

Company Information

Company Number
00154044
Registered Address
Carrow Road, Norwich, Norfolk, NR1 1JE
Status
Active
Employee Count
370
Turnover
£75,636,000
EBITDA
£5,163,000

Additional Details

Company Type
Public limited Company
Incorporated On
2 April 1919
Nature of Business
93120 - Activities of sport clubs
Industries
Lifestyle And Entertainment
Region
East of England

Time to Pay

Average Time to Pay
52 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
20%
31-60 Days
52%
After 60 Days
28%
Not Paid Within Terms49%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202229 Jul 20224720%63%17%36%
01 Jul 2021 - 31 Dec 202128 Jan 20224524%63%13%13%
01 Jan 2021 - 30 Jun 202110 Aug 20214227%56%18%53%
01 Jan 2018 - 30 Jun 201831 Jul 20184218%79%5%31%

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 Club shall pay the price of the Services no later than the final day of the calendar month following the month in which the Club receives an invoice for the Services, unless otherwise agreed in writing, but time for payment shall not be of the essence of the Contract. Contracts regarding player transfers are subject to payment terms outlined and agreed in the relating transfer agreement contract.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

All complaints or disputes are considered by the Accounts Payable team at Norwich City FC for possible resolutions. Any dispute or complaint that cannot be resolved is escalated to the Finance Director.

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.

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

Company Summary

NORWICH CITY FOOTBALL CLUB PLC is a professional football club based in Norwich, England. The club was founded in 1902 and currently plays in the English Premier League.

The main focus of the club is to provide high-quality football entertainment for its fans and to promote the sport in the local community. The club also has a strong commitment to sustainability and has implemented various initiatives to reduce its carbon footprint and promote environmental sustainability.

In terms of products and services, the club offers matchday tickets, season tickets, and merchandise such as jerseys, scarves, and other official merchandise. They also have partnerships with local businesses to offer special deals and discounts to their fans.

The key people involved in the club include the chairman, Michael Foulger, and the managing director, Steve Stone. The club also has a team of talented players, coaches, and staff who are dedicated to the success of the team on and off the field.

NORWICH CITY FOOTBALL CLUB PLC can be contacted through their official website, www.canaries.co.uk, where fans can find information about upcoming matches, tickets, and news about the club. The registered office address of the club is Carrow Road, Norwich, NR1 1JE.

In summary, NORWICH CITY FOOTBALL CLUB PLC is a well-established football club with a strong focus on sustainability and providing high-quality products and services to its fans. With a dedicated team of key people and a commitment to the local community, the club continues to thrive in the English Premier League.

Financial Metrics

Cash
£2,295,000
Net Worth
-£59,701,000
Total Current Assets
£25,534,000
Total Current Liabilities
£109,304,000

Company Location