| 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 2018 - 30 Jun 2018 | 18 Jul 2018 | 61 | 33% | 37% | 30% | 41% |
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 or services being sourced, the competitive global markets we operate in and 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
We offer reduced payment terms for SMEs, so that they are paid in 30 days and also offer Supply Chain Financing whereby suppliers can receive their payment sooner. Our terms with other suppliers vary on the products or services being sourced, the competitive global markets we operate in and other commercial aspects of suppliers’ relationships. We are also the member of the Prompt Payment Code.
Maximum contractual payment period agreed
75
Queries and complaints relating to payments are handled by e-mail by our Accounts Payable department. This e-mail is managed each day and responses 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.
❌
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
Rolls-Royce International Limited is a UK-registered company, incorporated in 1963, that sits within the wider Rolls-Royce corporate group. Companies House classifies its activities under head office functions, market research and general business support services, indicating an internal group role rather than direct trading with external customers. The wider Rolls-Royce group, whose website this entity's evidence reflects, develops and delivers complex power and propulsion solutions for safety-critical applications in aviation, defence, marine and land-based power generation, including civil aerospace engines, defence propulsion systems and power systems such as generators and small modular reactors. This entity's registered office is in Derby, historically the group's principal manufacturing base.
Generated from the company's website and Companies House records. Sources: rolls-royce.com