THALES ALENIA SPACE UK LIMITED
Company number: 08647225
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
30 January 2025
Approved by:
Richard Thorburn
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 35%
- in 61 days or more: 20%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
NET 30
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
No further comment provided
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.
Dispute resolution process
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, 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