Rolls-Royce named and shamed over late payments
Derby manufacturer Rolls-Royce has been suspended from the Prompt Payment Code (PPC), which requires those who sign up to pay 95% of all supplier invoices within 60 days.
The Code is part of stricter government guidelines designed to tackle the problem of late payers introduced last autumn. In total, 17 companies have been removed.
A statement from Rolls-Royce said: "[We] understand that recent changes made to the assessment criteria for the UK Government’s Prompt Payment Code, administered by the Chartered Institute of Credit... For the full story register now for free or login below...