TESCO STORES LIMITED
Company Information
- Company Number
- 00519500
- Registered Address
- Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, United Kingdom, AL7 1GA
- Status
- Active
- Employee Count
- 241,340
- Turnover
- £47,481,000,000
- EBITDA
- £1,030,000,000
Additional Details
- Website
- https://nimblebabies.com/
- Company Type
- Private limited Company
- Incorporated On
- 9 May 1953
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating47290 - Other retail sale of food in specialised stores47710 - Retail sale of clothing in specialised stores47750 - Retail sale of cosmetic and toilet articles in specialised stores
- Industries
- Creative,Media And Publishing,Environment,Agriculture And Waste,Lifestyle And Entertainment,Professional Services,Supply Chain,Manufacturing And Commerce Models
- Region
- East of England
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 |
|---|---|---|---|---|---|---|
| 26 Aug 2024 - 23 Feb 2025 | 21 Mar 2025 | 43 | 13% | 81% | 6% | 3% |
| 28 Aug 2023 - 25 Feb 2024 | 25 Mar 2024 | 43 | 12% | 84% | 4% | 3% |
| 29 Aug 2022 - 26 Feb 2023 | 24 Mar 2023 | 41 | 14% | 82% | 4% | 3% |
| 28 Feb 2022 - 28 Aug 2022 | 23 Sept 2022 | 40 | 16% | 82% | 2% | 3% |
| 30 Aug 2021 - 27 Feb 2022 | 25 Mar 2022 | 40 | 15% | 82% | 3% | 3% |
| 01 Mar 2021 - 29 Aug 2021 | 28 Sept 2021 | 41 | 14% | 84% | 2% | 2% |
| 30 Aug 2020 - 28 Feb 2021 | 29 Mar 2021 | 41 | 13% | 85% | 2% | 3% |
| 01 Mar 2020 - 29 Aug 2020 | 28 Sept 2020 | 40 | 13% | 85% | 2% | 3% |
| 27 Aug 2018 - 24 Feb 2019 | 26 Mar 2019 | 40 | 15% | 82% | 3% | 4% |
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
1. Fruit, Veg, Meat, Fish, Poultry and Tobacco: 28 Days 2. Chilled, Convenience, Frozen & pet care: 35 Days 3. Dairy: 40 Days 4. Bakery, Grocery, Household, Health & Beauty: 45 Days 5. Wine, Beer & Spirits: 60 Days 6. Clothing and General Merchandise (UK sourced): 60 Days 7. Clothing and General merchandise (overseas sourced) 90 Days The above apply for turnover of GBP 12 Mn or more (up to GBP 75 Mn). GBP 250K to GBP 12 Mn : 5 days less than the standard payment days Less than GBP 250K : 5 Days payment term Goods Not for Resale a) Annual business with Tesco of more than GBP 250K - Payment terms of 60 days b) Annual business with Tesco is less than GBP 250K - 5 Days payment term
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Tesco manages queries from Suppliers & ensures that the queries are resolved accurately within SLA. We have a dedicated team to manage queries. All queries are managed through an incident management tool. Vendor Queries are received through a generic email ID and tickets are created and logged with mandatory documents which would get routed to the right work group as per the designed workflow (These tickets have a SLA of 7 days for them to be resolved). All tickets are closely monitored to ensure there are no breaches. If there is a dispute, we would call/email the relevant vendors and follow up with an email to resolve. All queries raised by vendors are usually resolved within 7 days. We have an escalation matrix which is shared with all vendors. We conduct periodic governance on the performance of the query team to ensure that queries are resolved timely and satisfactorily, thereby ensuring a build-up of invoices on hold is avoided and vendors are paid accurately. We also have a dedicated Supplier Helpline and an email to answer or support on any queries / concerns reported. The line is open Monday to Friday 9am-5pm.
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
TESCO STORES LIMITED is a British multinational retailer, with its headquarters in Welwyn Garden City, Hertfordshire. The company was founded in 1919 by Jack Cohen and has since grown to become one of the largest retailers in the world, with over 6,800 stores and 380,000 employees worldwide.
The company's main activities include operating supermarkets, hypermarkets, and convenience stores, as well as providing online grocery shopping and financial services. TESCO offers a wide range of products including groceries, clothing, electronics, home goods, and financial services such as banking, insurance, and credit cards.
TESCO is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes reducing food waste, promoting sustainable sourcing, and investing in renewable energy. The company also offers a range of sustainable products, such as eco-friendly cleaning products and reusable bags.
Some key people in TESCO STORES LIMITED include Dave Lewis, the CEO, and John Allan, the Chairman. The company also has a team of experienced executives and board members who oversee its operations and strategic direction.
For customers looking to contact TESCO, the company has a customer service helpline and an online contact form on its website. The website also provides information on store locations, opening times, and online shopping services.
The registered office address for TESCO STORES LIMITED is Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, AL7 1GA, United Kingdom. The company's website is www.tescoplc.com. Overall, TESCO is a leading retailer in the UK, known for its commitment to sustainability and providing a wide range of products and services to its customers.
