ASDA STORES LIMITED
Company Information
- Company Number
- 00464777
- Registered Address
- Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
- Status
- Active
- Employee Count
- 141,293
- Turnover
- £24,462,000,000
- EBITDA
- £864,000,000
Additional Details
- Website
- https://money.asda.com/
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1949
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Creative,Media And Publishing,Environment,Agriculture And Waste,Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 46 | 21% | 63% | 16% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 47 | 21% | 64% | 15% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 45 | 23% | 66% | 11% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 43 | 24% | 67% | 9% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 44 | 24% | 67% | 9% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 43 | 25% | 67% | 8% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 44 | 25% | 65% | 10% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 44 | 24% | 65% | 11% | 5% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
ASDA’s standard payment terms for all of its small suppliers are 6 days (where ASDA pays each correct invoice on our next weekly payment run following 6 days from date of receipt of the invoice). For other suppliers, ASDA’s standard contractual payment terms state that ASDA will pay each correct invoice on its next weekly payment run following 60 days (for domestic suppliers), 90 days (for non-food import suppliers) or 120 days (for GNFR suppliers) from receipt of the invoice. ASDA makes a Supply Chain Finance solution and a C2FO (dynamic discounting) early payment platforms available to its suppliers, subject to capacity restrictions. These solutions allow suppliers to receive payments earlier than their standard terms. In certain specific circumstances, ASDA may agree to shorter payment terms with its suppliers as part of an overall commercial agreement.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Within ASDA’s standard contractual terms, ASDA may set off monies payable to a supplier by ASDA against any monies owed to ASDA from the same supplier. We continue to offer our early payment options including Supply Chain Finance and our C2FO platform subject to capacity restrictions. Where price discrepancies are identified, ASDA will always pay the supplier in full based on the most recently agreed cost price and will work hard to ensure that any outstanding sums are resolved as soon as possible through its rigorous query resolution process.
Maximum contractual payment period agreed
120
Dispute Resolution Process
If an ASDA supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable team through a clear query process, which works on a 7 working day SLA from receipt of all relevant supporting documentation. If necessary, the Accounts Payable team will refer to other business areas within ASDA (for example stores, depots or merchants) to resolve the enquiry. If the matter remains unresolved within the target turnaround time, it may be escalated to senior leadership.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
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?
No information available
Company Summary
ASDA STORES LIMITED is a British supermarket chain that was founded in 1949 and is headquartered in Leeds, England. It is a subsidiary of the American retail giant, Walmart. The company operates over 600 stores across the UK and employs over 165,000 people.
One of the main focuses of ASDA STORES LIMITED is sustainability. They have a comprehensive sustainability program that aims to reduce their environmental impact and support local communities. This includes initiatives such as reducing food waste, using sustainable packaging, and investing in renewable energy sources.
ASDA STORES LIMITED offers a wide range of products and services, including groceries, clothing, home goods, and financial services. They also have a popular online shopping platform, making it convenient for customers to shop from the comfort of their own homes.
The key people at ASDA STORES LIMITED include Roger Burnley, the CEO, and John Fallon, the Chief Financial Officer. They are supported by a team of experienced executives who are dedicated to delivering high-quality products and services to their customers.
The registered office address for ASDA STORES LIMITED is in Leeds, and their website is www.asda.com. Customers can contact them through their website or by phone at 0800 952 6060. They also have a strong presence on social media platforms such as Facebook and Twitter.
In summary, ASDA STORES LIMITED is a leading supermarket chain in the UK with a strong commitment to sustainability. They offer a wide range of products and services and are led by a team of experienced executives. Customers can contact them through their website or by phone for any inquiries or support.
