LIDL GREAT BRITAIN LIMITED
Company Information
- Company Number
- 02816429
- Registered Address
- Lidl House, 14 Kingston Road, Surbiton, England, KT5 9NU
- Status
- Active
- Employee Count
- 29,882
- Turnover
- £9,300,716,000
- EBITDA
- £206,177,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 May 1993
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- London
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 Sept 2024 - 28 Feb 2025 | 31 Mar 2025 | 41 | 42% | 49% | 9% | 1% |
| 01 Sept 2023 - 29 Feb 2024 | 27 Mar 2024 | 43 | 40% | 51% | 9% | 1% |
| 01 Mar 2023 - 31 Aug 2023 | 27 Sept 2023 | 42 | 41% | 50% | 9% | 2% |
| 01 Sept 2022 - 28 Feb 2023 | 31 Mar 2023 | 41 | 40% | 51% | 9% | 2% |
| 01 Mar 2022 - 31 Aug 2022 | 22 Sept 2022 | 42 | 38% | 52% | 10% | 3% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 45 | 33% | 56% | 11% | 6% |
| 01 Mar 2021 - 31 Aug 2021 | 24 Sept 2021 | 45 | 30% | 57% | 13% | 8% |
| 01 Sept 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 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 47 | 24% | 62% | 14% | 6% |
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
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 information available
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
Dispute Resolution Process
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.
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
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.
