TESCO DISTRIBUTION LIMITED
Company Information
- Company Number
- 02972724
- Registered Address
- Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, United Kingdom, AL7 1GA
- Status
- Active
- Employee Count
- 17,511
- Turnover
- £2,270,643,000
- EBITDA
- £298,738,000
Additional Details
- Website
- https://tesco.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 30 September 1994
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Creative,Media And Publishing,Environment,Agriculture And Waste,Healthcare And Wellbeing,Lifestyle And Entertainment,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 | 57 | 11% | 29% | 60% | 2% |
| 28 Aug 2023 - 25 Feb 2024 | 25 Mar 2024 | 55 | 12% | 38% | 50% | 3% |
| 29 Aug 2022 - 26 Feb 2023 | 24 Mar 2023 | 52 | 9% | 61% | 30% | 2% |
| 28 Feb 2022 - 28 Aug 2022 | 23 Sept 2022 | 50 | 11% | 70% | 19% | 2% |
| 30 Aug 2021 - 27 Feb 2022 | 25 Mar 2022 | 45 | 11% | 85% | 4% | 2% |
| 01 Mar 2021 - 29 Aug 2021 | 28 Sept 2021 | 44 | 16% | 79% | 5% | 2% |
| 30 Aug 2020 - 28 Feb 2021 | 29 Mar 2021 | 41 | 19% | 80% | 1% | 2% |
| 01 Mar 2020 - 29 Aug 2020 | 28 Sept 2020 | 39 | 22% | 77% | 1% | 2% |
| 27 Aug 2018 - 24 Feb 2019 | 26 Mar 2019 | 42 | 51% | 40% | 9% | 16% |
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
5 days – small suppliers with up to £250,000 (inclusive of VAT) of business with the Company each year. 60 days – large suppliers, greater than £250,000 (inclusive of VAT) of business with the Company each year. The business has standardized payment terms across each category (The business also has 30 day & 45 day 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
60
Dispute Resolution Process
The business manages all queries through an incident management tool and has a dedicated team to manage queries. If there is a dispute, the business will call/email the relevant vendors and follow up with an email to resolve. All queries raised by vendors are usually resolved within 3 days. The business has an escalation matrix which is shared with all vendors. The business conducts periodic governance reviews 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.
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 DISTRIBUTION LIMITED is a leading British multinational retailer, operating in over 12 countries worldwide. The company was founded in 1919 by Jack Cohen and is headquartered in Hertfordshire, United Kingdom.
The company's primary focus is on retail and distribution of groceries, household goods, and various other products. They offer a wide range of products and services, including food, clothing, electronics, financial services, and more. TESCO also offers online shopping and home delivery services to make the shopping experience convenient for their customers.
TESCO is committed to sustainability and has implemented various initiatives to reduce their impact on the environment. They aim to reduce carbon emissions, minimize waste, and promote sustainable sourcing and production methods. The company also encourages recycling and offers reusable bags and packaging options to their customers.
The key people at TESCO DISTRIBUTION LIMITED include Dave Lewis, Group Chief Executive Officer, and John Allan, Chairman. They lead a team of dedicated employees who work towards the company's mission to serve their customers with high-quality products and services.
To contact TESCO DISTRIBUTION LIMITED, customers can visit their website at www.tescoplc.com, where they can find information about their products, services, and sustainability efforts. The registered office address is Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, AL7 1GA, United Kingdom.
In conclusion, TESCO DISTRIBUTION LIMITED is a well-established retailer that offers a wide range of products and services while prioritizing sustainability. With their dedicated team and commitment to serving their customers, TESCO continues to be a leading player in the retail industry.
