| 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 | 30 Jan 2026 | 42 | 47% | 35% | 18% | 26% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 41 | 49% | 38% | 13% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 48 | 45% | 35% | 20% | 35% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 56 | 39% | 36% | 25% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 49 | 51% | 27% | 22% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 64 | 37% | 32% | 31% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
NET 30
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 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 Alenia Space 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 and this document.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
THALES ALENIA SPACE UK LIMITED is a leading aerospace company based in the United Kingdom. The company specializes in designing and manufacturing cutting-edge satellite systems and solutions for various industries, including telecommunications, defense, and Earth observation.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable practices throughout its supply chain.
THALES ALENIA SPACE UK LIMITED offers a wide range of products and services, including satellite communication systems, navigation and positioning solutions, and Earth observation tools. These products and services play a crucial role in enabling reliable and secure communication, as well as monitoring and managing the Earth's resources.
The key people at THALES ALENIA SPACE UK LIMITED include the CEO, Patrick Wood, and the Chief Technical Officer, Colin Paynter. Both have extensive experience in the aerospace industry and are dedicated to driving the company's success and innovation.
For more information on THALES ALENIA SPACE UK LIMITED and its products and services, you can visit their website at https://www.thalesgroup.com/en/alenia-space-uk-limited. The company's registered office address is 350 Longwater Avenue, Green Park, Reading, RG2 6GF, United Kingdom.
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