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Their own payment-practices filing · gov.uk

How long does Libra Textiles Limited take to pay its suppliers?

CRN 01000964 · Wholesale & retail trade · 5 statutory reports on record · period to 31 Jul 2020

41days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Share
Dated record. The latest report covers a period ending 31 Jul 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
28 Jan 1971
Registered office
BOUNDARY MILL STORES HEAD OFFICE, COLNE, BB8 9NW
5 outstanding charges — secured borrowing registered Accounts due 31 Oct 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–30 days. Reported average: 41.

Stated terms7–30d
+34 days
Reported avg41d

At a glance

The key figures

7–30d
their stated terms
1%
invoices paid outside terms
+8d
slower over the window
±4d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 59% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Getting slower

Average days to pay across their last 5 statutory reports.

terms 7d
33
33
33
33
41
H1 2018H1 2019H1 2019H1 2020H1 2020

Where their supplier invoices land · latest period

within 30 days 30% 31–60 days 53% 61+ days 17%

The read · computed from their figures

Libra Textiles Limited has filed 5 statutory payment periods (earliest H1 2018). Their latest report puts the average at 41 days against stated terms of 7–30 days.

The direction is slower: from 33 to 41 days over the window — about 8 days slower.

In the latest period 1% of invoices were paid outside their agreed terms, and 17% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Standard payment terms is 30 days from invoice date

Dispute resolution

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

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2020411%17%23 Oct 2020
H1 2020330%1%20 Feb 2020
H1 2019331%1%16 Aug 2019
H1 2019331%1%27 Feb 2019
H1 2018331%1%28 Aug 2018

Working-capital effect

What a 41-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 41-day vs a 7-day payment cycle.

≈ £16,000
of invoicing outstanding at any one time on a 41-day cycle — about £13,400 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 8 days slower over the window (33 → 41 days).
What's their typical pay point?
Their latest reports average around day 41, moving within about ±4 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Libra Textiles Limited (free)

Their next payment report is due ≈ 26 Feb 2021. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in wholesale & retail trade

Liberty Fabric Limited · Lidl Great Britain Limited · Liberty Commodities Limited · Lifetime Brands Europe Limited · LG Electronics U.k. Ltd · Likewise Floors Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01000964 · latest period to 31 Jul 2020

Verify the original Companies House file

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