THALES DIS UK LIMITED
Company Information
- Company Number
- 01278148
- Registered Address
- 350 Longwater Avenue, Green Park, Reading, Berkshire, England, RG2 6GF
- Status
- Active
- Employee Count
- 394.0
- Turnover
- 138304000.0
- EBITDA
- 9335000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 September 1976
- Nature of Business
- 26110 - Manufacture of electronic components$62020 - Information technology consultancy activities$71129 - Other engineering activities$82990 - Other business support service activities not elsewhere classified
- Industries
- Software
- Region
- South East
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 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 2021 - 30 Jun 2021 | 01 Jun 2022 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jun 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 67% | 29% | 4% | 43% |
Company Summary
THALES DIS UK LIMITED is a subsidiary of the global technology company THALES Group, specializing in the defense and security industry
The company is registered in the UK and has its registered office address at 2 Dashwood Lang Road, The Bourne Business Park, Addlestone, Surrey, KT15 2NX
The company offers a wide range of products and services including mission-critical communication systems, integrated surveillance solutions, and advanced cybersecurity services
Their products are designed to provide reliable and secure solutions for defense, aerospace, and transportation industries
In addition to their innovative products, THALES DIS UK LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have set ambitious targets to reduce their carbon footprint and have been recognized for their efforts in sustainability by various organizations
The key people at THALES DIS UK LIMITED include CEO Victor Chavez, who has over 30 years of experience in the defense and security industry, and CFO Peter Duffield, who has a strong background in finance and business strategy
The company has a dedicated website (www.thalesgroup.com/en/united-kingdom/defence) where customers can find information about their products and services, career opportunities, and company news
They also have a social media presence on platforms like LinkedIn, Twitter, and YouTube
Overall, THALES DIS UK LIMITED is a leading player in the UK defense and security industry, offering cutting-edge products and services while also prioritizing sustainability
With their strong leadership and commitment to innovation, the company is well-positioned for continued success in the future
Company Review
Trend Analysis
Based on the data provided, the average time taken for THALES DIS UK LIMITED to pay invoices has shown a fluctuating trend over the past three periods. In the first period (2020-01-01 to 2020-06-30), the company had an average payment time of 26 days. This increased to 40 days in the second period (2021-01-01 to 2021-06-30), but decreased to 31 days in the third period (2021-07-01 to 2021-12-31). The fourth period (2022-01-01 to 2022-06-30) saw a slight increase to 35 days, followed by a decrease to 31 days in the fifth period (2022-07-01 to 2022-12-31). The sixth period (2023-01-01 to 2023-06-30) showed no change with an average payment time of 31 days, and the seventh period (2023-07-01 to 2023-12-31) saw a decrease to 31 days.
Volatility Analysis
The data provided shows that there is some volatility in the average time taken for THALES DIS UK LIMITED to pay invoices. The biggest change in average payment time occurred between the second and third periods, with a decrease of 9 days. However, there were smaller changes in the following periods, with an increase of 4 days between the fourth and fifth periods and a decrease of 4 days between the fifth and sixth periods. The seventh period showed no change in average payment time compared to the previous period.
Summary Analysis
Based on the data provided, THALES DIS UK LIMITED has shown a mixed trend in their average time taken to pay invoices over the past three periods. There was an increase in average payment time in the second period, followed by a decrease in the third period. The fourth period showed a slight increase, while the fifth period showed a decrease. The sixth and seventh periods showed no change compared to the previous periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
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
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.
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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