Company number: 02816429
and approved by Dirk Kahl
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 6%
14 days
60 days
Non Merchant : 30 days from receipt of invoice. Payment terms for merchant suppliers may vary as per individual agreement. In general the calculation of the due date starts with receipt of goods and a correct invoice. Credit balances, which are due on the date of a payment run, are offset against payments to the supplier. Payments are made by electronic transfer.
Answer not provided
N/A
140 days
No further comment provided
Payment runs are carried out on a daily basis. Invoices which will become due on a weekend or a bank holiday are included in the payment run on the working day proceeding the weekend or bank holiday.
Lidl is committed to treating all business partners fairly and to pay them according to the agreed contractual terms. We ensure that our invoices include contact details for our Accounts department to allow our suppliers to get in touch easily. In the unusual event of a dispute arising, the supplier then has contact details for the accounting team to address any concerns. If a swift solution cannot be agreed, the issue is escalated to the responsible Buying team to resolve.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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.
Yes
No
No