Company number: 02321869
and approved by Dan Ronald
Average time taken to pay invoices: 39 days
Invoices paid:
Invoices due but not paid within agreed terms: 6%
7 days
45 days
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.
Answer not provided
N/A
83 days
No
No
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.
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.
No
No
No