ALDI STORES LIMITED
Company number: 02321869
1 July 2022
to 31 December 2022
This report was filed on 31 January 2023
and approved by Dan Ronald
Average time taken to pay invoices: 41 days
- within 30 days: 22%
- in 31 to 60 days: 73%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 6 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Aldi’s standard payment terms for Merchandise goods are 33 Days from date of invoice. Merchandise suppliers with a turnover of less than £250,000 or €300,000 are paid within 14 days.
Aldi’s standard payment terms for Goods not for resale are 45 days from date of invoice.
Payment is made on the due date by electronic transfer. Payments that fall due on a weekend or bank holiday are made on the next working day.
Credits due to Aldi are offset against the next available payments.
Terms may vary in accordance with individual agreements with suppliers.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Aldi is committed to working with its suppliers in a fair and timely manner to resolve all disputes quickly.
There is a clear escalation procedure in place which is communicated to all suppliers and updated on a regular basis.
In the rare event that a resolution cannot be reached, disputes can be further escalated to Buying/National finance leadership.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?