THALES UK LIMITED
Company Information
- Company Number
- 00868273
- Registered Address
- 350 Longwater Avenue, Green Park, Reading, Berkshire, United Kingdom, RG2 6GF
- Status
- Active
- Employee Count
- 5,629
- Turnover
- £1,179,000
- EBITDA
- £93,000
Additional Details
- Website
- https://thalesgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 6 January 1966
- Nature of Business
- 26110 - Manufacture of electronic components26309 - Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment71129 - Other engineering activities84220 - Defence activities
- Industries
- Safety And Security, Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 38 | 73% | 22% | 6% | 17% |
| 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 2018 - 30 Jun 2018 | 24 Jul 2018 | 35 | 48% | 47% | 5% | 23% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
NET 30 / MOI 30 (month of invoice + 30 days) for H1 20025.
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
86
Dispute Resolution Process
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.
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
THALES UK LIMITED is a British multinational company that specializes in providing advanced technology solutions for the aerospace, defence, security, and transportation industries. The company has a strong focus on sustainability and is committed to reducing its environmental impact through its products and operations.
Their sustainability program includes initiatives such as reducing energy consumption, promoting ethical sourcing, and implementing waste reduction measures. They also strive to create a diverse and inclusive workplace and support local communities through various charitable initiatives.
The company offers a wide range of products and services, including advanced radar systems, communication systems, cybersecurity solutions, and transportation systems. They work closely with their customers to develop customized solutions that meet their specific needs and challenges.
The key people at THALES UK LIMITED include the CEO, Victor Chavez, who has over 30 years of experience in the aerospace and defence industries, and the Chairman, Sir Michael Arthur, who has a background in international business and diplomacy.
Their website, www.thalesgroup.com, provides detailed information about their products and services, as well as their sustainability efforts. The company's registered office address is 2 Dashwood Lang Road, The Bourne Business Park, Addlestone, Surrey KT15 2NX. Overall, THALES UK LIMITED is a leading company in the technology industry, known for its commitment to sustainability and innovative solutions.
