RBC EUROPE LIMITED
Company Information
- Company Number
- 00995939
- Registered Address
- 100 Bishopsgate, London, United Kingdom, EC2N 4AA
- Status
- Active
- Employee Count
- 634
- Turnover
- £484,000,000
- EBITDA
- £59,000,000
Additional Details
- Website
- https://rbccm.com
- Company Type
- Private limited Company
- Incorporated On
- 2 December 1970
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 25 | 83% | 10% | 7% | 20% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 29 | 71% | 18% | 11% | 31% |
| 01 May 2023 - 30 Oct 2023 | 27 Nov 2023 | 25 | 77% | 13% | 10% | 23% |
| 01 Nov 2022 - 30 Apr 2023 | 30 May 2023 | 24 | 82% | 9% | 9% | 0% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 18 | 88% | 9% | 4% | 11% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 19 | 87% | 8% | 5% | 12% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 20 | 87% | 9% | 4% | 17% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 19 | 86% | 9% | 5% | 16% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 15 | 92% | 7% | 2% | 10% |
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
RBC’s policy is to settle the terms of payment with suppliers when negotiating and agreeing upon the terms of each arrangement. RBC ensures that suppliers are made aware of and abide by the terms of payment. Standard terms of payment are normally 30 days from receipt of the invoice. However, some supplier contract payment periods may vary depending on the nature of the arrangement (e.g. payment from 45 days from receipt of the invoice, payment period commencing from date of invoice, etc.).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
There are not different standard payment terms for different types of suppliers or companies, although RBC will consider exceptions to the standard 30 day terms if requested by the supplier.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Accounts Payable team leader, Procurement and the Group legal team.
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.
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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.
❌
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
Company Summary
RBC Europe Limited is a leading financial institution that provides a range of banking and investment services to clients in Europe. The company is a subsidiary of Royal Bank of Canada, one of the largest banks in North America.
Sustainability is a key focus for RBC Europe Limited, and the company has implemented various initiatives to minimize its environmental impact and support the communities it operates in. These include reducing carbon emissions, promoting diversity and inclusion, and supporting renewable energy projects.
In terms of products and services, RBC Europe Limited offers a wide range of financial solutions to its clients, including corporate and investment banking, wealth management, and capital markets services. The company also has a strong presence in the sustainable finance market, offering green bonds and other sustainable investment opportunities.
The key people at RBC Europe Limited include President and CEO, Bruce Ross, and Chairman, John Crocker. Both have extensive experience in the financial industry and are committed to driving the company's sustainability efforts.
For more information, interested parties can visit the company's website at www.rbccm.com or contact the registered office at Thames Court, 1 Queenhithe, London, EC4V 3RL. Overall, RBC Europe Limited is a leading financial institution that is committed to sustainability and providing top-notch financial services to its clients in Europe.
