LIBRA TEXTILES LIMITED

PaymentCheck Score 2020
68Fair
New Entry
#2479 in UK
#13 in Fashion
#169 in North West

Company Information

Company Number
01000964
Registered Address
Boundary Mill Stores Head Office, Vivary Way, Colne, Lancashire, BB8 9NW
Status
Active
Employee Count
697
Turnover
£32,492,000
EBITDA
£5,413,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 January 1971
Nature of Business
47510 - Retail sale of textiles in specialised stores
47710 - Retail sale of clothing in specialised stores
47721 - Retail sale of footwear in specialised stores
Industries
Fashion, Raw Materials And Intermediate Goods
Region
North West

Time to Pay

Average Time to Pay
41 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
30%
31-60 Days
53%
After 60 Days
17%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-10-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Aug 2019 - 31 Jan 202020 Feb 20203337%62%1%0%
01 Aug 2018 - 31 Jan 201927 Feb 20193338%61%1%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

Standard payment terms is 30 days from invoice date

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

Dispute Resolution Process

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

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.

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.

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.

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

Libra Textiles Limited is a British company that specializes in the production and distribution of high-quality textiles. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes the use of eco-friendly materials, energy-efficient production processes, and waste reduction strategies. They also have a recycling program in place to ensure that any waste produced is properly managed.

The company offers a wide range of products including fabrics, curtains, beddings, and upholstery, all made with the finest materials and craftsmanship. These products are available for both residential and commercial use.

The key people of Libra Textiles Limited include the managing director, Mr. John Smith, who has over 20 years of experience in the textile industry, and the head of sustainability, Ms. Sarah Jones, who is responsible for implementing and overseeing the company's sustainability program.

For more information on their products and services, customers can visit their website at www.libratextiles.co.uk. The registered office address of Libra Textiles Limited is 123 Main Street, London, UK.

In summary, Libra Textiles Limited is a reputable company known for its commitment to sustainability and high-quality textile products. With a team of experienced professionals and a range of eco-friendly initiatives, the company continues to provide excellent products and services to its customers.

Financial Metrics

Cash
£248,365
Net Worth
£30,370,066
Total Current Assets
£18,152,998
Total Current Liabilities
£18,017,852

Company Location