THE WELSH RUGBY UNION LIMITED
Company Information
- Company Number
- 03419514
- Registered Address
- Principality Stadium, Westgate Street, Cardiff, Wales, CF10 1NS
- Status
- Active
- Employee Count
- 376
- Turnover
- £94,300,000
- EBITDA
- -£5,800,000
Additional Details
- Website
- https://store.wru.co.uk/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 8 August 1997
- Nature of Business
- 93199 - Other sports activities
- Industries
- Lifestyle And Entertainment
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for THE WELSH RUGBY UNION LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2019 followed by a decrease in 2020 and a steady trend in 2021 and 2022.
Summary Analysis
On average, it takes THE WELSH RUGBY UNION LIMITED 15 days to pay invoices to suppliers. However, this time has fluctuated 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 17 | 90% | 8% | 2% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 15 | 92% | 6% | 2% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 16 | 90% | 7% | 3% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 17 | 86% | 9% | 5% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 25 | 68% | 24% | 8% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 19 | 77% | 15% | 8% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 12 | 84% | 11% | 5% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Sept 2020 | 15 | 85% | 10% | 5% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 76% | 13% | 11% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 20 | 83% | 11% | 6% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 13 | 91% | 7% | 2% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 15 | 87% | 10% | 3% | 13% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 15 | 85% | 12% | 3% | 15% |
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 within 30 days from receipt of a valid VAT invoice from the supplier for most categories of supplier. Save for very limited exceptions, invoices from suppliers must quote an approved purchase order number. Invoices that do not quote a valid purchase order number will be withheld from payment until a purchase order number can be provided. Suppliers will be informed of any invoices submitted without a purchase order and asked to obtain one from the Welsh Rugby Union employee with whom an agreement to supply was made.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The payment statistics above are calculated from date of first receipt of invoice. Delays in payment may arise if a supplier fails to quote a valid purchase order number on their invoice. An invoice will not be paid until a valid purchase order number is provided and this could increase the time between the date of receipt of invoice and the date of payment.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Suppliers with invoice queries are asked to contact the Purchase Ledger team in the first instance via a dedicated email address or telephone number. If necessary, the Purchase Ledger team will liaise with the Welsh Rugby Union employee that placed the order to understand why the invoice has not been approved for payment.
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
The Welsh Rugby Union Limited (WRU) is the governing body for rugby union in Wales. Founded in 1881, the WRU is responsible for promoting, developing, and regulating the sport of rugby in Wales.
Sustainability is a key focus for the WRU, and they have implemented several initiatives to reduce their environmental impact. This includes using renewable energy sources at their Principality Stadium and promoting sustainable travel options for fans. They also have a partnership with a local charity, Size of Wales, to offset carbon emissions from their international matches.
The main product of the WRU is the Welsh National Rugby Team, which competes in international competitions such as the Six Nations Championship and Rugby World Cup. The WRU also oversees the domestic leagues and clubs within Wales, providing support and resources to develop and grow the sport at all levels.
The WRU is led by a Board of Directors, with Gareth Davies as Chairman and Martyn Phillips as CEO. They are supported by a team of executives and staff who work to ensure the success and sustainability of Welsh rugby.
Contact information for the WRU can be found on their official website, including their registered office address in Cardiff. The website also provides information on upcoming fixtures, news, and updates from the WRU.
