Ranked in 2 industries
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| 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 Jul 2025 - 31 Dec 2025 | 03 Feb 2026 | 33 | 61% | 32% | 7% | 20% |
| 01 Jan 2025 - 30 Jun 2025 | 05 Aug 2025 | 32 | 62% | 31% | 7% | 15% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 24 | 87% | 9% | 4% | 13% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 31 | 87% | 8% | 5% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 31 | 88% | 7% | 5% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 31 | 72% | 21% | 7% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jul 2023 | 31 | 77% | 15% | 8% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2023 | 35 | 55% | 37% | 8% | 54% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Jun 2022 | 31 | 67% | 25% | 8% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Jun 2022 | 40 | 63% | 23% | 14% | 14% |
| 01 Jun 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 67% | 29% | 4% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment by Thales shall be 30 days from the end of the month in which the invoice is received.
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
60
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 DIS UK Limited is a UK subsidiary within the Thales Group, an international group operating in defence, security, cybersecurity, digital identity and aerospace. Its registered activities cover manufacture of electronic components, information technology consultancy, other engineering activities and general business support services, consistent with the group's Digital Identity and Security division. The wider Thales Group describes itself as developing advanced defence, security, cybersecurity, digital identity and aerospace products and solutions for businesses, organisations and governments worldwide. As a UK entity, this company forms part of that international group's operations rather than an independent standalone business, contributing engineering, technology consultancy and component-related functions to the group's digital identity and security offering.
Generated from the company's website and Companies House records. Sources: thalesgroup.com