| 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 | 25 Jul 2025 | 39 | 22% | 74% | 4% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 41 | 15% | 81% | 4% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 40 | 18% | 78% | 4% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 40 | 17% | 80% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 40 | 17% | 79% | 4% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 40 | 19% | 77% | 4% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 59 | 14% | 40% | 46% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 58 | 12% | 47% | 41% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Group operates a number of payment terms with its suppliers and they vary due to local laws, the products and services being sourced, the competitive global markets we operate in other commercial aspects of suppliers’ relationships. These terms are by mutual agreement and usually include the offer of access to the Group’s Supplier Finance Programme.
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
75
Queries and complaints relating to payments are handled by email by our Accounts Payable department. This email is managed each day and responses are duly made.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Rolls-Royce Submarines Limited is a British company that specializes in providing advanced technology solutions for the submarine industry. As a subsidiary of Rolls-Royce Holdings plc, the company has a long history and expertise in designing, manufacturing, and supporting nuclear propulsion systems for submarines.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable practices throughout its supply chain.
Rolls-Royce Submarines Limited offers a range of products and services, including nuclear propulsion systems, power generation and distribution systems, and advanced control and monitoring systems. These products are used in both military and commercial submarines, providing reliable and efficient performance.
The company's key people include President Paul Craig, who has been with the company since 2018, and Chief Operating Officer Simon Kirby, who joined in 2020. They lead a team of highly skilled engineers and professionals who are dedicated to delivering innovative solutions to their clients.
For more information on Rolls-Royce Submarines Limited and its products and services, you can visit their website at www.rolls-royce.com/submarines. The company's registered office address is at PO Box 3, Filton, Bristol, BS34 7QE, United Kingdom. Overall, Rolls-Royce Submarines Limited is a leading provider of advanced technology solutions in the submarine industry, with a strong commitment to sustainability and innovation.