Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Feb 2020 - 31 Jul 2020 | 23 Oct 2020 | 41 | 30% | 53% | 17% | 1% |
| 01 Aug 2019 - 31 Jan 2020 | 20 Feb 2020 | 33 | 37% | 62% | 1% | 0% |
| 01 Feb 2019 - 31 Jul 2019 | 16 Aug 2019 | 33 | 38% | 61% | 1% | 1% |
| 01 Aug 2018 - 31 Jan 2019 | 27 Feb 2019 | 33 | 38% | 61% | 1% | 1% |
| 01 Feb 2018 - 31 Jul 2018 | 28 Aug 2018 | 33 | 41% | 58% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms is 30 days from invoice date Catering invoices are paid 15 days after end of month
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
Each query is dealt with on a case by case basis. The Accounts Department usually deals with the initial query and then if necessary passes it on to the relevant department/store
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
Libra Textiles Limited is a UK company registered at Boundary Mill Stores Head Office in Colne, Lancashire, previously named Bannister Jersey Limited until 1977. Its registered activities cover retail sale of textiles, clothing and footwear in specialised stores. The company remains active, having been incorporated in 1971, though no further detail on trading operations, store locations or public-facing brand activity beyond the Boundary Mill Stores address is available in the evidence provided. It appears to operate as part of, or alongside, the Boundary Mill retail operation, given the shared registered office, though its precise trading relationship to that business is not confirmed by the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk