| 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 2019 - 01 Dec 2019 | 08 Jan 2020 | 43 | 63% | 32% | 5% | 32% |
| 01 Jul 2018 - 20 Dec 2018 | 21 Dec 2018 | 62 | 66% | 30% | 4% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 43 | 62% | 33% | 5% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
end of month following month of receipt
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
60
accounts payable raise complaints
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Romo Limited is a Nottinghamshire based designer and supplier of fabrics, wallcoverings, trimmings, rugs and accessories for interiors, trading as Romo Fabrics. It is the founding company of The Romo Group, a British family run business with six established interior brands, each with its own in-house design studio. Products are created by an in-house design team, then produced with weavers and printers before being distributed through a worldwide network of designers, retailers, agents and distributors, reaching over 70 countries. The wider group maintains extensive stock of fabrics and wallcoverings and operates showrooms across the UK, Europe and the USA, with exports forming the majority of group sales.
Generated from the company's website and Companies House records. Sources: romo.com · romo.com