Registration Number
02816429
Registered Address
Lidl House 14 Kingston Road Surbiton England KT5 9NU
Company Status
Active
Employee Count
29882
Turnover
£9,300,716,000
EBITDA
£206,177,000
Website
corporate.lidl.co.uk/Company Type
Private limited Company
Incorporated on
10 May 1993
Nature of Business (SIC)
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Industries
Supermarkets and department stores
Region
London£236,641,000
£1,389,045,000
Filed
27 Sep 2023
Period
01 Mar 2023 - 31 Aug 2023
Average Time to Pay
42 days
Payment Periods
Shortest
14 days
Longest
60 days
Max Contractual
125 days
Not Paid Within Terms
2%
| 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 Mar 2023 - 31 Aug 2023 | 27 Sep 2023 | 42 | 41% | 50% | 9% | 2% |
| 01 Sep 2022 - 28 Feb 2023 | 31 Mar 2023 | 41 | 40% | 51% | 9% | 2% |
| 01 Mar 2022 - 31 Aug 2022 | 22 Sep 2022 | 42 | 38% | 52% | 10% | 3% |
| 01 Sep 2021 - 28 Feb 2022 | 30 Mar 2022 | 45 | 33% | 56% | 11% | 6% |
| 01 Mar 2021 - 31 Aug 2021 | 24 Sep 2021 | 45 | 30% | 57% | 13% | 8% |
| 01 Sep 2020 - 28 Feb 2021 | 31 Mar 2021 | 48 | 27% | 56% | 17% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 12 Oct 2020 | 47 | 25% | 58% | 17% | 6% |
| 01 Sep 2019 - 29 Feb 2020 | 31 Mar 2020 | 48 | 23% | 61% | 16% | 6% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sep 2019 | 47 | 24% | 62% | 14% | 6% |
| 01 Sep 2018 - 28 Feb 2019 | 02 Apr 2019 | 20 | 94% | 5% | 1% | 29% |
| 01 Mar 2018 - 31 Aug 2018 | 16 Oct 2018 | 13 | 89% | 7% | 4% | 39% |
LIDL GREAT BRITAIN LIMITED, a subsidiary of the German supermarket chain LIDL, operates over 800 stores in the UK and is known for its affordable prices and high-quality products
In terms of sustainability, LIDL GREAT BRITAIN LIMITED has implemented various initiatives to reduce its environmental impact
This includes using renewable energy sources, reducing food waste, and promoting sustainable packaging
They have also committed to sourcing 100% of their cocoa, coffee, tea, and bananas from sustainable sources by 2020
LIDL GREAT BRITAIN LIMITED offers a wide range of products including fresh produce, meat, dairy, and household items
They also have their own brand, "Deluxe," which offers premium quality products at competitive prices
The company is led by CEO Christian Hartnagel, who has over 20 years of experience in the retail industry
They also have a team of over 25,000 employees who are committed to providing excellent customer service
For any inquiries or concerns, LIDL GREAT BRITAIN LIMITED can be contacted through their website at www.lidl.co.uk or their registered office address at 19 Worple Road, London, SW19 4JS
Customers can also reach them via phone at 0800 977 7766
With their focus on sustainability and affordable products, LIDL GREAT BRITAIN LIMITED continues to be a popular choice among UK consumers
The average time taken for LIDL GREAT BRITAIN LIMITED to pay invoices has consistently increased over the past three periods, with the longest average payment time being 48 days in the most recent period.
The percentage of invoices paid within 30 days has fluctuated between 24% and 41% over the past three periods, with the most recent period showing the highest percentage of invoices paid within 30 days at 41%. The percentage of invoices paid between 31 and 60 days has also fluctuated, with the most recent period showing the lowest percentage at 50%. The percentage of invoices paid later than 60 days has consistently increased over the past three periods, with the highest percentage being 17% in the most recent period.
Between March 2021 and August 2023, LIDL GREAT BRITAIN LIMITED has shown a consistent increase in the average time taken to pay invoices, with the longest average payment time being 48 days. However, there has been a slight improvement in the percentage of invoices paid within 30 days, with the most recent period showing the highest percentage at 41%. The percentage of invoices paid between 31 and 60 days has also improved slightly, with the most recent period showing the lowest percentage at 50%. However, there has been a significant increase in the percentage of invoices paid later than 60 days, with the highest percentage being 17% in the most recent period.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
"Non Merchant : 30 days from receipt of invoice. Merchant: Payment terms for merchant suppliers may vary as per individual agreement. In general the calculation of the due date starts with receipt of goods and a correct invoice. Credit balances, which are due on the date of a payment run, are offset against payments to the supplier. Payments are made by electronic transfer."
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payment runs are carried out on a daily basis covering all invoices falling due within the next two days to ensure the money reaches the bank account on the due date. Invoices which will become due on a weekend or a bank holiday are included in the payment runs leading up to the weekend ensuring that they clear before the weekend/bank holiday
Maximum contractual payment period agreed
125
Lidl is committed to treating all business partners fairly and to pay them according to the agreed contractual terms. We ensure that our invoices include contact details for our Accounting department to allow our suppliers to get in touch easily. In the unusual event of a dispute arising, the supplier then has contact details for the accounting team to address any concerns. If a swift solution cannot be agreed, the issue is escalated to the responsible Buying team to resolve.
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?
❌
