Rolls Royce plc
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| Rolls-Royce | |
| Public limited company | |
| Traded as | : |
| Industry | Aerospace, Defence, Energy, Marine |
| Predecessor |
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| Founded |
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| Founder | Charles Rolls and Henry Royce |
| Headquarters | Buckingham Gate, London, SW1 |
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Key people
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Ian Davis (Chairman) Warren East (CEO) |
| Products |
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| Revenue | £13.725 billion (2015) |
| £1.499 billion (2015) | |
| £84 million (2015) | |
| Total assets | £22.324 billion (2015) |
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Number of employees
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50,500 (2015) |
| Subsidiaries |
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| Website | rolls-royce |
Rolls-Royce Holdings plc is a British multinational public limited company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 and today designs, manufactures and distributes power systems for aviation and other industries. Rolls-Royce is the world’s second-largest maker of aircraft engines and has major businesses in the marine propulsion and energy sectors. All of its shares are tradeable on the and other markets.
Rolls-Royce was the world's 16th-largest defence contractor in 2011 and 2012 when measured by defence revenues. It had an announced order book of £71.6 billion as of January 2014.
Rolls-Royce Holdings plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of June 2013, it had a market capitalisation of £22.22 billion, the 24th-largest of any company with a primary listing on the London Stock Exchange. Its headquarters are in London.
Rolls-Royce grew from the engineering business of F H Royce which was establlshed in 1884 and ten years later began to manufacture dynamos and electric cranes. C S Rolls established a separate business with F H Royce in 1904 because Royce had developed a range of cars which Rolls wanted to sell. A corporate owner was incorporated in 1906 with the name Rolls-Royce Limited.
In 1971 the same company, Rolls-Royce Limited, entered voluntary liquidation because it was unable to meet its financial obligations though it remains in existence today, still in liquidation, with a file number for its name. Its business and assets were bought by the government using a company created for the purpose named Rolls-Royce (1971) limited. This (1971) company remains in existence today and carries on Rolls-Royce business under the name Rolls-Royce plc.
Rolls-Royce plc returned to the sharemarkets in 1987 under the government of Margaret Thatcher. In 2003 ownership of Rolls-Royce plc was passed to Rolls-Royce Group plc incorporated 21 March 2003 which issued its own new shares for payment to the previous shareholders. In 2011 in the same way Rolls-Royce Group plc passed ownership on 23 May 2011 to Rolls-Royce Holdings plc a wholly new company incorporated 10 February 2011.
Rolls-Royce plc remains the principal trading company. Rolls-Royce Holdings plc, like its immediate predecessor, is merely a holding company.
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Wikipedia