Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for RUSSELL & BROMLEY LIMITED to pay invoices increased from 2018 to 2020, with a notable jump from 2019 to 2020. The percentage of invoices paid within 30 days decreased from 2018 to 2020, while the percentage of invoices paid between 31 and 60 days and later than 60 days both increased. The percentage of invoices not paid within agreed terms also increased from 2018 to 2020.
The data for RUSSELL & BROMLEY LIMITED shows some volatility, with fluctuations in the average time taken to pay invoices and the percentages of invoices paid within different time frames. However, there is a clear trend of increasing payment time and decreasing prompt payment percentages.
| 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 2020 - 31 Dec 2020 | 05 May 2021 | 52 | 42% | 34% | 24% | 71% |
| 01 Jan 2020 - 30 Jun 2020 | 02 Jul 2020 | 37 | 56% | 34% | 10% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Jul 2020 | 35 | 67% | 25% | 8% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Dec 2019 | 18 | 89% | 8% | 3% | 95% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jul 2019 | 20 | 87% | 12% | 1% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 07 Aug 2018 | 28 | 81% | 17% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company agrees terms with each supplier of goods and services separately. It does not apply a single set of standard terms. Previously agreed terms were modified during the period of the pandemic with the support and agreement of our suppliers.
Were there any changes to the standard payment terms in the reporting period?
Previously agreed terms were modified during the period of the pandemic with the support and agreement of our suppliers.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes are dealt with by those departments of the business responsible for incurring the expenditure on goods and services.
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
Russell & Bromley Limited is a footwear retailer, registered under SIC code 47721 for the retail sale of footwear in specialised stores. Companies House records indicate the company also deals in related accessories through physical and online retail channels. The business has traded since its incorporation in 1952. As of early 2026, an administrator was appointed to manage the company's affairs, and it is currently recorded as being in administration, with statements of affairs and creditor meeting results filed subsequently. Prior to this, it filed regular full accounts and confirmation statements as an active private limited company operating from premises in Bromley, Kent.
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