2005 rolls royce phantom in the workshop
Lifestyle

UK pulls up Rolls-Royce for slow supplier payments

(Reuters) – Engine maker Rolls-Royce said on Monday that it had been suspended from the UK government’s Prompt Payment Code (PPC) after failing to pay suppliers in time.

The PPC is administered by the Chartered Institute of Credit Management and sets standards for payment practices including prompt payment as well as wider payment procedures.

The company said it was suspended from the Code as it did not pay at least 95 percent of its supplier invoices within 60 days.Read More

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.