TEXAS INSTRUMENTS LIMITED
Company number: 00574102
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
25 August 2025
Approved by:
Andreas Schwaiger
Payment statistics
Average time taken to pay invoices: 36 days
Total value paid:
- within 30 days: £22,989 (< 1%)
- in 31 to 60 days: £9,818,750 (99%)
- in 61 days or more: £29,925 (< 1%)
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 90%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £53,726
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In cases where an invoice is being disputed, Account 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? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No