TEXAS INSTRUMENTS UK LIMITED
Company Information
- Company Number
- 00957879
- Registered Address
- 1 More London Place, London, SE1 2AF
- Status
- Liquidation
- Employee Count
- 3
- Turnover
- £47,508,000
- EBITDA
- £4,762,000
Additional Details
- Website
- https://ti.com
- Company Type
- Private limited Company
- Incorporated On
- 9 July 1969
- Nature of Business
- 26110 - Manufacture of electronic components
- Industries
- Hardware
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for TEXAS INSTRUMENTS (U.K.) LIMITED to pay invoices has been fluctuating between 25 and 37 days over the past three years. However, there was a significant increase in the average time to pay in the first half of 2020, reaching 37 days. This has since decreased to 25 days in the first quarter of 2022.
Volatility Analysis
The volatility of the average time taken to pay invoices has been relatively stable between 25 and 37 days, with a slight increase in volatility in the first half of 2020. The volatility has since decreased in the first quarter of 2022.
Summary Analysis
Between Jan 2018 and Mar 2022, TEXAS INSTRUMENTS (U.K.) LIMITED has shown a consistent trend of paying invoices within an average of 25-37 days. There was a significant increase in the average time to pay in the first half of 2020, reaching 37 days, but this has since decreased to 25 days in the first quarter of 2022. Additionally, the company has consistently paid a high percentage of invoices within 30 days (95-99%), with a low percentage of invoices paid later than 60 days (0-8%). The shortest (or only) standard payment period for the company has been 1 day.
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 2022 - 31 Mar 2022 | 04 Jul 2022 | 25 | 99% | 1% | 1% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 27 | 97% | 1% | 2% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 28 | 96% | 1% | 3% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 25 | 99% | 1% | 0% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 87% | 4% | 8% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 26 | 96% | 2% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 27 | 95% | 3% | 2% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 27 | 96% | 2% | 2% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 29 | 93% | 4% | 3% | 8% |
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
Standard payment terms are Net 30 meaning payment is due 30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
In cases where an invoice/s is being disputed, Accounts Payable will contact the end user or recipient of the goods/service to establish exactly what was received to date and if there were any returns, discrepancies, damages, etc. All available documentation is gathered for comparison including invoice copies, packing slips, sales orders/PO quotes, proof of delivery, and/or supplier contracts, as available to identify the nature of the dispute (price/quantity discrepancy, date of service, material rejection, and unsatisfactory service/product). Barring any instance where legal, trade compliance, or ethics needs to be included, Accounts Payable will work with the supplier and the end user to establish any corrections, credit memos, or new documentation required to process payment to the supplier. If no payment will be made due to product failure, returns, or unsatisfactory services provided, the appropriate procurement team will work with all parties to come up with an amicable resolution.
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
Texas Instruments (U.K.) Limited is a global technology company that operates in the United Kingdom. They specialize in designing and manufacturing semiconductors, integrated circuits, and other electronic components for a wide range of industries including automotive, industrial, and consumer electronics.
The company has a strong commitment to sustainability and has implemented various programs and initiatives to reduce their environmental impact. They have set targets to reduce their carbon emissions, water usage, and waste generation, and have invested in renewable energy sources to power their operations.
Some of their key products and services include advanced processors, microcontrollers, and sensors that are used in a variety of applications. These include automotive safety systems, factory automation, and smart home devices. They also offer customized solutions for customers looking for specific electronic components.
The key people at Texas Instruments (U.K.) Limited include the Managing Director, Mark D. Reitenberger, and the Director of Corporate Citizenship and Sustainability, David B. Alexander. They lead a team of highly skilled professionals who are dedicated to driving innovation and sustainability within the company.
For more information on their products and services, customers can visit their website at www.ti.com/uk. The registered office address for Texas Instruments (U.K.) Limited is located at 2 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, KT15 2HJ, United Kingdom.
