ROLLSROYCE MOTOR CARS LIMITED
Company Information
- Company Number
- 03522604
- Registered Address
- Company Secretary, Summit One, Summit Avenue, Farnborough, Hampshire, GU14 0FB
- Status
- Active
- Employee Count
- 1506.0
- Turnover
- 887845000.0
- EBITDA
- 138512000.0
Additional Details
- Website
- https://cchtradings.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 5 March 1998
- Nature of Business
- 29100 - Manufacture of motor vehicles$45111 - Sale of new cars and light motor vehicles
- Industries
- Travel And Transportation
- Region
- South East
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 35 | 48% | 42% | 10% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 35 | 38% | 51% | 11% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 35 | 40% | 52% | 8% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 36 | 40% | 52% | 8% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 33 | 50% | 42% | 8% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 34 | 42% | 48% | 10% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 28 | 59% | 26% | 15% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 29 | 60% | 28% | 12% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 24 | 67% | 27% | 6% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 63% | 30% | 7% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 24 | 67% | 27% | 6% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 27 | 57% | 36% | 7% | 11% |
Company Summary
Rolls-Royce Motor Cars Limited is a British luxury car manufacturer, founded in 1904 by Charles Rolls and Henry Royce
The company is known for its high-end, handcrafted vehicles, which are considered symbols of luxury and exclusivity
In terms of sustainability, Rolls-Royce Motor Cars Limited is committed to reducing its environmental impact and promoting sustainable practices
The company has implemented a number of initiatives, such as using renewable energy sources, reducing waste and emissions, and promoting sustainable material sourcing
The company's product portfolio includes a range of luxury cars, such as the iconic Phantom, Ghost, Wraith, and Dawn models, as well as the recently introduced Cullinan SUV
These vehicles are known for their superior craftsmanship, advanced technology, and unparalleled performance
Key people at Rolls-Royce Motor Cars Limited include CEO Torsten Müller-Ötvös, who has been with the company since 2010 and has played a crucial role in its success
The company also has a team of highly skilled designers, engineers, and craftspeople who work together to create these exceptional vehicles
To learn more about Rolls-Royce Motor Cars Limited and its products and services, you can visit their website at www.rolls-roycemotorcars.com
Their registered office address is at Goodwood, West Sussex, PO18 0SH, United Kingdom
Company Review
Trend Analysis
The average time taken by ROLLS-ROYCE MOTOR CARS LIMITED to pay invoices to suppliers has increased over the past three periods, with a peak of 36 days in 2022-06-30 and a slight decrease to 35 days in 2023-06-30. However, the percentage of invoices paid within 30 days has also increased over the same period, reaching a peak of 52% in 2022-06-30 and remaining steady at 52% in 2022-12-31 and 2023-06-30. The percentage of invoices paid between 31 and 60 days has also increased, reaching a peak of 52% in 2022-12-31 and remaining steady at 51% in 2023-06-30. The percentage of invoices paid later than 60 days has remained relatively steady, with a peak of 11% in 2023-06-30.
Volatility Analysis
The volatility of ROLLS-ROYCE MOTOR CARS LIMITED's average time to pay has increased over the past three periods, with a range of 7 days in 2022-06-30 and a decrease to 6 days in 2023-06-30. The volatility of the percentage of invoices paid within 30 days has also increased, with a range of 18% in 2022-06-30 and a decrease to 10% in 2023-06-30. The volatility of the percentage of invoices paid between 31 and 60 days has remained relatively steady, with a peak of 26% in 2020-07-01 and a decrease to 10% in 2023-06-30. The volatility of the percentage of invoices paid later than 60 days has remained relatively steady, with a peak of 6% in 2020-01-01 and a decrease to 3% in 2023-06-30.
Summary Analysis
Over the past three periods, there has been an increase in the average time taken by ROLLS-ROYCE MOTOR CARS LIMITED to pay invoices to suppliers, from 27 days in 2018-01-01 to 35 days in 2023-06-30. However, there has also been an overall increase in the percentage of invoices paid within 30 days, from 57% in 2018-01-01 to 48% in 2023-06-30. The percentage of invoices paid between 31 and 60 days has also increased, from 36% in 2018-01-01 to 51% in 2023-06-30. The worst period for ROLLS-ROYCE MOTOR CARS LIMITED was in 2020-01-01, where 12% of invoices were paid later than 60 days. The best period for ROLLS-ROYCE MOTOR CARS LIMITED was in 2021-07-01, where 50% of invoices were paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
40 days due net There are however a wide variety of payment terms in place to suit different suppliers' needs
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
107
Dispute Resolution Process
The supplier is advised to contact a dedicated Accounts Payable email address for all invoice and payment disputes. If the query cannot be resolved this will either be escalated to the relevant department or senior management for further action.
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.
✅
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