Industry ranking
Score of 82.85/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 30 Mar 2026 | 27 | 71% | 28% | 1% | 4% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 27 | 73% | 25% | 2% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Feb 2025 | 26 | 72% | 26% | 2% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 29 | 67% | 30% | 3% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 16 Feb 2024 | 29 | 71% | 25% | 4% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 29 | 72% | 24% | 4% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 26 | 77% | 21% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 27 | 70% | 28% | 2% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 25 | 78% | 22% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 75% | 24% | 1% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 23 | 80% | 18% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 31 | 69% | 28% | 3% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Feb 2020 | 34 | 64% | 33% | 3% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 40 | 49% | 44% | 7% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 41 | 51% | 42% | 7% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 05 Jul 2018 | 41 | 48% | 44% | 8% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
https://prd-sc102-cdn.rtx.com/-/media/rtx-uk/who-we-are/partnering-with-ruk/raytheon-general-terms-and-conditions-of-purchase-tc-004-uk-04-2024-final.pdf?rev=35c6f878f0d74e5a8904024b3944d9e8
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
If a dispute cannot be resolved by the parties within 90 days, then (1) where the seller is a UK entity the dispute shall be submitted to the English Courts unless the Buyer notifies the Seller it opts for arbitration or (2) where the Seller is not a UK entity, or where Buyer has opted for arbitration, dispute shall be heard in London by binding arbitration in the English language under the LCIA rules
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.
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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
Raytheon Systems Limited is a long-established UK company, incorporated in 1946 and previously known as Cossor Electronics Limited and later Raytheon Cossor Electronics Limited. Its registered nature of business is defence activities, and it is registered as operating within the military and defence, and security and surveillance industries. The company is part of the wider Raytheon group, a US-headquartered defence and aerospace business, with this entity representing its UK operating presence. It remains an active private limited company registered at Kao Park, Harlow, Essex. No further detail on specific products, contracts or services is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk