RUSSELL BROMLEY LIMITED
Company Information
- Company Number
- 00512958
- Registered Address
- 24-34 Farwig Lane, Bromley, Kent, BR1 3RB
- Status
- Active
- Employee Count
- 481
- Turnover
- £39,779,000
- EBITDA
- -£3,135,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 November 1952
- Nature of Business
- 47721 - Retail sale of footwear in specialised stores
- Industries
- Commerce Models, Fashion
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
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 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% |
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
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?
Yes – 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
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Disputes are dealt with by those departments of the business responsible for incurring the expenditure on goods and services.
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.
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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?
❌
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
Russell & Bromley Limited is a British luxury shoe and handbag retailer founded in 1873. The company is known for its high-quality products and commitment to sustainability.
Their sustainability program focuses on reducing their carbon footprint and promoting responsible sourcing of materials. They have implemented various initiatives such as using eco-friendly packaging materials, reducing energy consumption in their stores, and working with suppliers who adhere to ethical and sustainable practices.
Their product range includes a variety of handcrafted shoes, boots, and bags for both men and women. They also offer a range of accessories such as belts, wallets, and scarves. The company takes pride in using the finest materials and traditional techniques to create their products, ensuring durability and timeless style.
The key people behind Russell & Bromley Limited include the Chairman, Stuart Bromley, and the Managing Director, Sarah Bromley. They have a team of experienced designers and craftspeople who bring their vision to life.
Customers can shop from their website, where they offer worldwide shipping, or visit one of their 44 stores across the UK. They also have a dedicated customer service team to assist with any inquiries or concerns.
The registered office address for Russell & Bromley Limited is 24-34 New Bond Street, London, W1S 2RR. Their website is https://www.russellandbromley.co.uk/. With over 140 years of experience and a focus on sustainability, Russell & Bromley Limited continues to be a leading luxury retailer in the UK.
