| 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.
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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 Alenia Space UK Limited is a Reading-based company operating within the Thales Alenia Space group, a French aerospace and satellite manufacturer. Companies House records list its nature of business under manufacture of electronic components and other engineering activities, consistent with work on satellite and electronic hardware. The company is majority owned by Thales Alenia Space Sas, incorporated in France, which holds 75% or more of shares and voting rights and has the right to appoint or remove directors. As a UK subsidiary, it forms part of the wider group's engineering and manufacturing operations rather than trading independently under a separate brand.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk