RHEINMETALL BAE SYSTEMS LAND LIMITED
Company Information
- Company Number
- 00414948
- Registered Address
- PO Box 106, Rbsl, Hadley Castle Works, Telford, Shropshire, England, TF1 9AY
- Status
- Active
- Employee Count
- 586
- Turnover
- £116,167,000
- EBITDA
- £8,050,000
Additional Details
- Website
- https://baesystems.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 12 July 1946
- Nature of Business
- 29100 - Manufacture of motor vehicles
- Industries
- Travel And Transportation
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for RHEINMETALL BAE SYSTEMS LAND LIMITED to pay invoices has been fluctuating over the past three periods, with a slight decrease in the most recent period. However, the percentage of invoices paid within 30 days has been consistently above 50%, while the percentage of invoices paid later than 60 days has been consistently below 15%. This suggests that while the company may take longer to pay some invoices, they are generally still paying within a reasonable time frame.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low, with a range of only 12 days over the past three periods. However, there has been a larger fluctuation in the percentage of invoices paid between 31 and 60 days, with a range of 27% over the same three periods. This suggests that the company may be more consistent in their payment practices, but may struggle with paying invoices within the agreed terms.
Summary Analysis
In the most recent period (2023-01-01 to 2023-06-30), RHEINMETALL BAE SYSTEMS LAND LIMITED had an average time to pay of 31 days, with 64% of invoices paid within 30 days and 33% paid between 31 and 60 days. This represents a slight increase in the average time taken to pay invoices and a decrease in the percentage of invoices paid within 30 days compared to the previous period (2022-07-01 to 2022-12-31).
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 42 | 44% | 47% | 9% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 47 | 40% | 44% | 16% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 53 | 27% | 47% | 26% | 52% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 34 | 51% | 44% | 5% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 31 | 64% | 33% | 3% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 29 | 68% | 30% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 32 | 57% | 40% | 3% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 33 | 51% | 46% | 3% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Jul 2021 | 35 | 36% | 63% | 1% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 36 | 40% | 56% | 4% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 28 | 62% | 36% | 2% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 40 | 44% | 46% | 10% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 38 | 62% | 26% | 12% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 40 | 69% | 19% | 12% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 68% | 19% | 13% | 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
Our standard conditions of purchase provides for net 30 day payment for small enterprises, and at the end of the month following the month in which an invoice is received for medium and large enterprises, subject to (i) a valid invoice being properly provided by the supplier and (ii) the relevant Supplies being delivered with supporting compliance documentation and accepted by us, in accordance with the contract. The full text of the standard payment terms are available on our website www.RBSL.com.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The date of receipt of the supplier's invoice has been used for the calculation of the reported statistics. The receipt date is when it was recognised onto the system. Where an invoice has been settled through the matching of a credit note, this invoice is not included in the payment statistics. If there is a partial match of a credit note against an invoice, the payment of the remainder of the invoice is included in the payment statistics. During the second half of 2023 our business has experienced a significant increase in volume in parallel to an IT transition programme, which has caused a short term impact on processes. Improvements have already been implemented and will be reflected positively in 2024.
Maximum contractual payment period agreed
60
Dispute Resolution Process
As per our standard conditions of purchase, if a payment dispute arises, then the parties are required to follow a disputed invoicing process and use reasonable endeavours to resolve the dispute amicably. Any disputes that cannot be resolved are subject to arbitration. Our full dispute resolution process can be found on our website www.RBSL.com.
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.
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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
Company Summary
RHEINMETALL BAE SYSTEMS LAND LIMITED is a joint venture between two leading global defense companies, RHEINMETALL AG and BAE Systems plc. The company is dedicated to delivering cutting-edge military technology and services to governments and armed forces around the world.
Their sustainability program is centered around responsible business practices and reducing their environmental impact. They have implemented various initiatives such as energy-efficient manufacturing processes, waste reduction, and responsible sourcing of materials. They also work closely with their suppliers to ensure they meet the same high sustainability standards.
The company's products and services range from land combat systems, munitions, and weapons to vehicle integration, maintenance, and support. They offer a wide range of solutions for both wheeled and tracked military vehicles, as well as advanced artillery systems and ammunition.
Some key people in the company include Managing Director, Mark Barclay, and Director of Operations, John Byrne. They lead a team of highly skilled engineers, technicians, and project managers who work tirelessly to provide innovative and reliable solutions to their clients.
Their website address is www.rbsl.com and their registered office address is located at Unit 5, Newton Business Park, Talbot Road, Newton-Le-Willows, Merseyside, WA12 0HF, United Kingdom. RHEINMETALL BAE SYSTEMS LAND LIMITED is committed to meeting the evolving needs of the defense industry while also prioritizing sustainability and responsible business practices.
