Rolls-Royce named and shamed over late supplier payments
Rolls-Royce is one of a number of major UK companies that has been called out over late payments to supply chain companies.
It was one of the companies that agreed to the Prompt Payment Code, which stipulates that signatories are to pay 95% of all supplier invoices within 60 days. This was intended to give SMEs a more level playing field when it came to payments from major companies on which they rely for business.
The government also announced in November 2018 that the failure of companies to demonstrate prompt supplier payme... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...