| 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 2019 - 31 Aug 2019 | 30 Sept 2019 | 0 | 0% | 0% | 0% | 0% |
| 01 Sept 2018 - 28 Feb 2019 | 02 Apr 2019 | 49 | 22% | 60% | 18% | 6% |
| 01 Mar 2018 - 31 Aug 2018 | 14 Nov 2018 | 49 | 22% | 61% | 17% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
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 Accounts 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.
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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
LIDL U.K. GMBH (BR002417) is the UK establishment of LIDL U.K. GMBH, an overseas company incorporated in Germany with its head office in Neckarsulm. Companies House records describe its type of business as a supermarket chain. The German parent's stated objects cover trade and distribution of goods of any kind, including food and non-food items. This UK establishment represents that German entity's presence in Britain, operating from an address in Surbiton, and forms part of the wider Lidl retail operation, which trades through supermarket stores across the UK.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk