THALES DIS UK LIMITED
Company number: 01278148
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
25 July 2023
Approved by:
Lloyd Smith
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 37%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 54%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
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.
Any other information about payment terms
No further comment provided
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? 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.
No
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