RIO TINTO IRON ORE ATLANTIC LIMITED
Company Information
- Company Number
- 05516177
- Registered Address
- 6 St James's Square, London, SW1Y 4AD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 July 2005
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
RIO TINTO IRON ORE ATLANTIC LIMITED demonstrates a strong trend towards timely payments, with an average payment time of 33 days. A significant 79% of invoices are consistently settled within the preferred 30-day window, indicating efficient processing for the majority of transactions. The payment trajectory primarily shows a rapid settlement pattern, with declining percentages in later payment buckets.
Volatility Analysis
Despite the generally swift payments, the 21% late payment rate introduces an element of volatility and unpredictability for suppliers. Specifically, 17% of payments fall into the 31-60 day range, and 4% extend beyond 60 days, indicating that a notable portion experiences delays. This variability means suppliers cannot uniformly rely on quick settlements and must account for potential longer lead times for a fifth of their invoices.
Summary Analysis
Overall, RIO TINTO IRON ORE ATLANTIC LIMITED is a generally reliable payer, settling most invoices promptly within 30 days. Suppliers should factor in the 21% late payment risk, particularly the portion extending beyond 30 days, when managing cash flow expectations and payment planning. Implementing clear payment terms and robust follow-up procedures for invoices approaching or exceeding the 30-day mark could mitigate potential delays for the less predictable segment.
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 | 18 Jul 2025 | 33 | 79% | 17% | 4% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 77 | 59% | 22% | 19% | 33% |
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
Rio Tinto has in place standard payment terms of “Within 30 days Due net” from receipt of a valid invoice for external suppliers who supply Rio Tinto’s businesses in the UK. Rio Tinto has differing payment terms in other jurisdictions and for other circumstances. Intercompany payments are assigned individual terms.
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
Dispute Resolution Process
Any disputes relating to payment are initially directed to the Accounts Payable Service desk for resolution. Typical response time of the Accounts Payable Service Desk is within 48 hours. Where the dispute cannot be resolved by the Accounts Payable Service Desk, the concern can be escalated through to the Sourcing Category Owner for assistance in resolution. The Accounts Payable Service Desk & invoice submission contact details are found on the Purchase Order distributed to the supplier.
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.
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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
Company Summary
RIO TINTO IRON ORE ATLANTIC LIMITED is a private limited company that operates within the iron ore sector, with a focus on Atlantic operations as indicated by its name. Its business is concerned with activities related to iron ore.
This active private limited company is registered in the UK under company number 05516177 and was incorporated on 22 July 2005. Its registered office is located in London at 6 St James's Square, SW1Y 4AD.
Private limited companies operating within the resource sector, particularly those focused on raw materials such as iron ore, characteristically engage in a range of activities across the commodity value chain. These activities include exploration, extraction, processing, and the global distribution of minerals. Such companies also handle trading, sales, and logistical operations to support the supply of vital raw materials to industrial markets.
