PRO-DIRECT SPORT LIMITED

Standard terms are 30-90 days following receipt of invoice
This has been extended to 120 days by key goods suppliers during the H1 2026 period

Pro-Direct Sport Limited transacts with many goods and non-goods suppliers across and outside of the UK. We collaborate with each supplier individually to facilitate mutually beneficial payment schedules that takes into account the value, quantity and frequency of orders as well as the specific requirements of the supplier we are working with.

Our philosophy in terms of our payment schedules, as with all other areas of our business, is to develop and nurture close and strong working relationships with our suppliers to ensure mutual success in the competitive markets in which we operate.

We also adopt a flexible approach to methods of payment in which we facilitate both direct debit and BACS arrangements by prior agreement and dependent upon circumstances. Again, these are aspects that are negotiated between the Finance department and the supplier in the drawing up of the initial contract or in the event of change from time to time.

We have seen a 1.2% increase in invoices paid outside of standard terms when compared with the Jul-Dec 2025 period. We are currently operating at a level of 11.92% of invoices paid beyond their terms compared to 10.71% in the last period which demonstrates our continued efforts as a company to improve on previous period results. 2% of our overdue payments were caused by supplier stock/pricing queries. We have a policy of not paying supplier invoices until stock, pricing and discount discrepancies have been resolved, this has contributed to the increase in the number of invoices paid outside of terms in this period.

In H1 2026 in order to offer support for Pro Direct Sport as it entered a period of growth and transformation with the opening of retail stores in Manchester/Liverpool and wholesale back end and front end technology transitions to our ERP system and websites certain key goods suppliers have agreed to provide us with 120 day terms

As part of our dispute resolution process, we seek to identify and raise an invoice query with the supplier within a short, agreed time limit from the receipt of the invoice. Following this we have a dedicated multi-disciplinary query resolution team that works with the supplier to resolve queries to the satisfaction of both parties. It is our policy to withhold payment from suppliers until any query or dispute is resolved but once a resolution has been attained, we make prompt payment a priority.