Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 - 27 Jun 2025 | 31 Jul 2025 | 35 | 73% | 22% | 5% | 15% |
| 29 Jun 2024 - 31 Dec 2024 | 31 Jan 2025 | 37 | 77% | 18% | 5% | 12% |
| 01 Jan 2024 - 28 Jun 2024 | 22 Jul 2024 | 39 | 73% | 20% | 7% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 38 | 73% | 22% | 6% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 41 | 65% | 27% | 8% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 34 | 65% | 28% | 7% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 35 | 53% | 43% | 2% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Aug 2021 | 36 | 47% | 48% | 5% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 18 Jan 2021 | 34 | 52% | 43% | 5% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 44% | 50% | 6% | 18% |
| 01 Jun 2019 - 31 Dec 2019 | 03 Feb 2020 | 36 | 47% | 48% | 5% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 37 | 46% | 49% | 5% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Jan 2019 | 34 | 50% | 47% | 3% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 35 | 48% | 47% | 5% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
NET 30 / MOI 30 (month of invoice + 30 days)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Supplier shall submit invoices to the address stated on the Order after Delivery of the Goods or the performance of the Services. Every invoice shall include the following information: • Order number and the Order item number; • Goods and/or Services to which it relates; • Supplier’s VAT number; • Supplier’s bank account number, • Sort code and invoice address; • Invoice number; date of the invoice; • Name of the relevant Thales company and its full address; • Delivery Address; • Price and the total amount due; • and any other information reasonably required by Thales. Thales may reject any invoice that does not include the information set out above. No payments shall be made until and unless the Goods and/or Services have been accepted. Thales shall be entitled to set off against the Price any sums that are owed to Thales by the Supplier. If Thales does not make a payment against a correctly submitted invoice within the period stated in standard payment terms, the Supplier may charge interest on such late payment at a rate no greater than 4% per annum above the Bank of England’s base rate calculated on a daily basis commencing 14 days from the date on which payment was due provide that the Supplier has given 14 days written notice to Thales that such payment is overdue.
Maximum contractual payment period agreed
80
Thales UK will endeavour to advise suppliers promptly of any disputes or reasons why an invoice will not be paid to the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract, this document and the UK Prompt Payment Code.
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
Thales UK Limited is the UK subsidiary of Thales, a global technology group operating in defence, aerospace, security, cybersecurity and digital identity. Companies House records show its business as manufacture of electronic components and communication equipment, other engineering activities, and defence activities. The wider Thales group develops solutions for governments, businesses and organisations worldwide, covering fields such as defence, civil aviation, space, cybersecurity and biometrics, supported by tens of thousands of researchers and engineers globally. As the UK arm of this multinational group, the entity contributes to Thales's defence and security operations within the United Kingdom, forming part of a worldwide network of over sixty locations delivering advanced technology solutions.
Generated from the company's website and Companies House records. Sources: thalesgroup.com