Industry ranking
| 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 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 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
Yes As part of our ongoing support for small suppliers at this unprecedented time, we have reduced our payment terms so that any supplier with an annual turnover of less than £1m with ALDI Stores LTD will now be paid immediately, until further notice.
Maximum contractual payment period agreed
93
Aldi is committed to working with its suppliers in a fair and timely manner to resolve all disputes quickly. Our purchase orders contain contact details for the Accounts departments to which payment queries should be directed. In the rare event that a resolution cannot be reached, disputes can be escalated to Buying teams and finance leadership.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Aldi Limited is a registered UK company incorporated in 1989, recorded with the SIC classification of non-trading company. It forms part of the wider Aldi UK group, which trades as Aldi and operates supermarket stores across the UK. The group's own website describes itself as offering "Quality Groceries, Amazing Offers & Specialbuys Every Week", selling groceries, fresh food, drinks, household essentials and seasonal Specialbuy items through its retail stores and online store locator. While the group is engaged in supermarket retailing, Aldi Limited itself is identified in official records as a non-trading entity within that corporate structure, rather than the operating retail business.
Generated from the company's website and Companies House records. Sources: aldi.co.uk