ALDI STORES LIMITED
Company Details
Registration Number
02321869
Registered Address
Holly Lane Atherstone Warwickshire CV9 2SQ
Company Status
Active
Employee Count
44530
Turnover
£15,473,000,000
EBITDA
£395,000,000
Additional Information
Website
aldi.co.uk/store/s-uk-e0737Company Type
Private limited Company
Incorporated on
25 November 1988
Nature of Business (SIC)
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
70100 - Activities of head offices
Industries
Corner shops, news agents, off-licences and petrol stations, Supermarkets and department stores
Region
West MidlandsCompany Location
Financial Overview
£176,050,000
£3,221,280,000
Last Reporting Period
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
40 days
Payment Periods
Shortest
7 days
Longest
45 days
Max Contractual
83 days
Payment Timeline
Not Paid Within Terms
6%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 40 | 24% | 72% | 4% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 40 | 23% | 72% | 5% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 41 | 22% | 73% | 5% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 42 | 20% | 74% | 6% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 39 | 25% | 71% | 4% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 38 | 23% | 74% | 3% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 38 | 25% | 72% | 3% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 40 | 20% | 77% | 3% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 41 | 15% | 81% | 4% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 41 | 16% | 80% | 4% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 15% | 80% | 5% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 42 | 14% | 81% | 5% | 10% |
Company Summary
ALDI STORES LIMITED is a leading discount supermarket chain in the United Kingdom
The company was founded in 1990 and has since expanded to over 900 stores across the country
ALDI is known for its low prices, high-quality products and sustainable practices
The company's sustainability program, called "Aldi in Action," focuses on reducing waste, promoting responsible sourcing and supporting local communities
ALDI has committed to using 100% sustainable packaging by 2025 and has already eliminated single-use plastic bags from its stores
They also work closely with their suppliers to ensure ethical and sustainable sourcing of products
ALDI offers a wide range of products, including groceries, household items, and electronics at affordable prices
They have a strong focus on offering fresh and organic products, as well as a variety of vegan and vegetarian options
In addition, ALDI has a Specialbuys section where customers can find seasonal and unique products at discounted prices
The key people at ALDI include CEO Giles Hurley and Group Managing Director Julie Ashfield
They are supported by a team of dedicated employees who strive to provide customers with the best shopping experience
For more information on ALDI's products, services and sustainability efforts, customers can visit their website at www.aldi.co.uk
The registered office address for ALDI STORES LIMITED is Holly Lane, Atherstone, Warwickshire, CV9 2SQ, United Kingdom
Overall, ALDI STORES LIMITED is committed to providing customers with high-quality products, while also promoting sustainability and responsible practices in their operations
Company Review
Trend Analysis
The average time to pay for ALDI STORES LIMITED has consistently decreased over the past three periods, with a slight increase in the last period. The percentage of invoices paid within 30 days has also increased over the past three periods, showing a trend towards earlier payment. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the last period.
Volatility Analysis
The data for ALDI STORES LIMITED shows a stable trend in terms of the average time to pay and the percentage of invoices paid within 30 days. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a slight increase in the last period.
Summary Analysis
Over the past three periods, ALDI STORES LIMITED has consistently decreased their average time to pay, with a decrease of 2 days from the first period to the last. This trend is also reflected in the increase of the percentage of invoices paid within 30 days, with an increase of 6% over the same time period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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?
No
Any other information about payment terms
No
Maximum contractual payment period agreed
83
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?
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?
❌
