Libra Textiles Limited

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libra textiles limited Company Information

Live

MatureLargeRapid

Company Number

01000964

Website

http://www.boundaryoutlet.com

Registered Address

boundary mill stores head office, vivary way, colne, BB8 9NW

Industry

Retail sale of textiles in specialised stores

Retail sale of clothing in specialised stores

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Telephone

01282860300

Next Accounts Due

October 2025

Group Structure

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Directors

Richard Bannister32 Years

Benjamin Bannister5 Years

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Shareholders

libra textiles holdings ltd 100%

libra textiles limited Estimated Valuation

£108.7m

Pomanda estimates the enterprise value of LIBRA TEXTILES LIMITED at £108.7m based on Net Assets of £31.9m and 3.4x industry multiple (adjusted for liquidity).

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Libra Textiles Limited is a live company located in colne, BB8 9NW with a Companies House number of 01000964. It operates in the retail sale of textiles in specialised stores sector, SIC Code 47510. Founded in January 1971, it's largest shareholder is libra textiles holdings ltd with a 100% stake. Libra Textiles Limited is a mature, large sized company, Pomanda has estimated its turnover at £32m with rapid growth in recent years.

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Pomanda's financial health check has awarded Libra Textiles Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

10 Strong

0 Regular

2 Weak

Size

annual sales of £32m, make it larger than the average company (£8.7m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (9.4%)

EXPORT

Libra Textiles Limited's latest turnover from January 2024 is £32 million and the company has net assets of £31.9 million. According to their latest financial statements, Libra Textiles Limited has 709 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	31,998,836	29,513,023	22,187,953	13,085,529	29,783,904	30,740,923	31,888,859	32,049,525	31,867,718	30,766,874	31,608,458	28,501,049	26,400,383	25,493,023	24,118,414
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,862,825	10,980,386	9,026,180	8,273,992	10,541,846	10,222,090	10,709,444	9,564,968	9,440,187	9,471,291	9,886,008	8,789,165	7,677,773	7,441,982	7,176,659
Gross Profit	19,136,011	18,532,637	13,161,773	4,811,537	19,242,058	20,518,833	21,179,415	22,484,557	22,427,531	21,295,583	21,722,450	19,711,884	18,722,610	18,051,041	16,941,755
Admin Expenses	15,947,795	15,114,139	10,000,855	7,955,498	17,511,373	18,348,732	17,884,425	19,253,600	19,284,384	18,215,975	18,645,979	16,706,363	15,807,279	15,236,294	14,408,283
Operating Profit	3,188,216	3,418,498	3,160,918	-3,143,961	1,730,685	2,170,101	3,294,990	3,230,957	3,143,147	3,079,608	3,076,471	3,005,521	2,915,331	2,814,747	2,533,472
Interest Payable	1,478,018	1,013,095	464,930	328,624	380,412	370,191	180,500	229,376	236,978	280,546	372,635	393,119	357,433	362,548	293,812
Interest Receivable	6,073	2,039	827	2,015	2,875	99	0	3,193	3,698	1,099	1,803	5,568	5,057	0	0
Pre-Tax Profit	1,716,271	2,407,442	2,696,815	-3,470,570	1,353,148	1,800,009	3,114,490	3,004,774	2,909,867	2,800,161	2,705,639	2,617,970	2,562,955	2,452,199	2,239,660
Tax	-373,228	-872,991	-945,632	655,395	-196,999	-478,718	-639,339	-650,354	-723,654	-613,266	-730,578	-753,033	-747,917	-733,838	-689,649
Profit After Tax	1,343,043	1,534,451	1,751,183	-2,815,175	1,156,149	1,321,291	2,475,151	2,354,420	2,186,213	2,186,895	1,975,061	1,864,937	1,815,038	1,718,361	1,550,011
Dividends Paid	0	500,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,343,043	1,034,451	1,751,183	-2,815,175	1,156,149	1,321,291	2,475,151	2,354,420	2,186,213	2,186,895	1,975,061	1,864,937	1,815,038	1,718,361	1,550,011
Employee Costs	12,044,286	10,825,157	9,429,059	9,170,416	10,099,510	9,897,633	10,365,382	11,428,924	12,497,632	10,606,145	11,118,670	11,061,288	10,330,641	9,941,940	9,099,313
Number Of Employees	709	755	718	675	798	822	928	836	814	846	847	772	677	668	669
EBITDA*	5,650,818	5,625,789	4,904,678	-1,322,467	3,591,100	3,980,111	4,727,023	4,534,887	4,760,832	4,693,141	4,673,165	4,361,643	4,320,234	4,229,765	3,997,888

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	35,500,441	37,778,784	35,426,977	34,932,821	35,668,755	35,228,430	36,303,511	31,842,164	31,526,547	32,622,415	33,683,446	34,327,434	32,541,049	33,385,946	33,743,072
Intangible Assets	166,695	221,598	236,806	193,103	52,831	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	9,092,461	9,000,000	9,000,000	8,500,000	16,000,000	15,000,000	15,000,000	15,000,000	15,003,351	10,000,427	9,051,048	11,704,187	9,380,298	7,457,723	6,056,809
Total Fixed Assets	44,759,597	47,000,382	44,663,783	43,625,924	51,721,586	50,228,430	51,303,511	46,842,164	46,529,898	42,622,842	42,734,494	46,031,621	41,921,347	40,843,669	39,799,881
Stock & work in progress	158,650	121,462	138,310	54,182	109,750	99,897	94,901	87,826	82,167	100,168	105,726	96,087	44,714	41,513	35,881
Trade Debtors	94,096	136,262	57,441	25,437	480,487	513,211	726,707	330,012	189,349	128,232	546,461	420,480	239,265	170,707	129,768
Group Debtors	10,250,000	10,250,000	10,250,000	0	0	0	0	0	0	0	0	0	923	26,776	11,627
Misc Debtors	1,338,405	7,396,909	7,182,415	9,950,658	2,647,074	1,316,086	1,515,278	1,367,531	1,282,546	1,106,966	1,181,742	1,063,283	989,999	998,506	1,065,599
Cash	1,271,607	248,365	261,265	129,564	242,478	243,114	239,019	245,855	835,118	228,411	227,346	226,084	145,113	145,278	137,135
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	13,112,758	18,152,998	17,889,431	10,159,841	3,479,789	2,172,308	2,575,905	2,031,224	2,389,180	1,563,777	2,061,275	1,805,934	1,420,014	1,382,780	1,380,010
total assets	57,872,355	65,153,380	62,553,214	53,785,765	55,201,375	52,400,738	53,879,416	48,873,388	48,919,078	44,186,619	44,795,769	47,837,555	43,341,361	42,226,449	41,179,891
Bank overdraft	1,916,164	4,219,311	4,620,709	4,394,595	2,047,884	3,666,724	7,399,802	1,709,637	1,716,117	248,009	1,172,262	1,984,915	1,272,788	1,652,313	16,881,065
Bank loan	1,000,000	1,000,000	1,000,000	750,000	0	0	0	0	0	0	0	0	0	14,009,950	0
Trade Creditors	8,169,898	9,348,330	6,977,473	1,355,657	7,549,843	4,924,988	5,259,570	4,808,737	6,362,672	5,164,130	5,782,605	4,448,747	4,246,648	5,298,176	4,768,355
Group/Directors Accounts	9,950	9,950	9,950	9,950	9,950	76,309	9,950	9,950	9,950	9,950	88,276	11,105	802,527	30,894	10,232
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,584,921	3,440,261	3,602,737	2,289,533	2,069,493	2,529,661	2,346,329	4,488,950	5,307,645	4,286,049	3,978,040	7,516,263	5,031,810	3,501,566	3,404,050
total current liabilities	14,680,933	18,017,852	16,210,869	8,799,735	11,677,170	11,197,682	15,015,651	11,017,274	13,396,384	9,708,138	11,021,183	13,961,030	11,353,773	24,492,899	25,063,702
loans	9,250,000	14,250,000	15,250,000	16,250,000	12,000,000	11,000,000	10,000,000	8,000,000	8,000,000	9,100,000	10,500,000	13,000,000	12,500,000	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,006,715	2,293,864	1,535,132	930,000	903,000	738,000	720,000	670,000	691,000	733,000	816,000	393,000	869,000	930,000	1,031,000
total long term liabilities	11,256,715	16,543,864	16,785,132	17,180,000	12,903,000	11,738,000	10,720,000	8,670,000	8,691,000	9,833,000	11,316,000	13,393,000	13,369,000	930,000	1,031,000
total liabilities	25,937,648	34,561,716	32,996,001	25,979,735	24,580,170	22,935,682	25,735,651	19,687,274	22,087,384	19,541,138	22,337,183	27,354,030	24,722,773	25,422,899	26,094,702
net assets	31,934,707	30,591,664	29,557,213	27,806,030	30,621,205	29,465,056	28,143,765	29,186,114	26,831,694	24,645,481	22,458,586	20,483,525	18,618,588	16,803,550	15,085,189
total shareholders funds	31,934,707	30,591,664	29,557,213	27,806,030	30,621,205	29,465,056	28,143,765	29,186,114	26,831,694	24,645,481	22,458,586	20,483,525	18,618,588	16,803,550	15,085,189

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	3,188,216	3,418,498	3,160,918	-3,143,961	1,730,685	2,170,101	3,294,990	3,230,957	3,143,147	3,079,608	3,076,471	3,005,521	2,915,331	2,814,747	2,533,472
Depreciation	2,386,439	2,127,243	1,689,911	1,798,938	1,854,746	1,810,010	1,432,033	1,303,930	1,617,685	1,613,533	1,596,694	1,356,122	1,404,903	1,415,018	1,464,416
Amortisation	76,163	80,048	53,849	22,556	5,669	0	0	0	0	0	0	0	0	0	0
Tax	-373,228	-872,991	-945,632	655,395	-196,999	-478,718	-639,339	-650,354	-723,654	-613,266	-730,578	-753,033	-747,917	-733,838	-689,649
Stock	37,188	-16,848	84,128	-55,568	9,853	4,996	7,075	5,659	-18,001	-5,558	9,639	51,373	3,201	5,632	35,881
Debtors	-6,008,209	293,315	8,013,761	-651,466	2,298,264	-412,688	544,442	222,297	5,239,621	456,374	-2,408,699	2,577,465	1,956,773	1,389,909	7,263,803
Creditors	-1,178,432	2,370,857	5,621,816	-6,194,186	2,624,855	-334,582	450,833	-1,553,935	1,198,542	-618,475	1,333,858	202,099	-1,051,528	529,821	4,768,355
Accruals and Deferred Income	144,660	-162,476	1,313,204	220,040	-460,168	183,332	-2,142,621	-818,695	1,021,596	308,009	-3,538,223	2,484,453	1,530,244	97,516	3,404,050
Deferred Taxes & Provisions	-287,149	758,732	605,132	27,000	165,000	18,000	50,000	-21,000	-42,000	-83,000	423,000	-476,000	-61,000	-101,000	1,031,000
Cash flow from operations	9,927,690	7,443,444	3,401,309	-5,907,184	3,415,671	3,775,835	1,894,379	1,262,947	993,696	3,235,593	4,560,282	3,190,324	2,030,059	2,626,723	5,211,960
Investing Activities
capital expenditure	0	0	0	0	0	-643,910	-5,886,204	-1,606,652	-500,127	-575,681	-1,250,856	-3,139,599	-651,392	-1,057,476	-1,077,565
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-643,910	-5,886,204	-1,606,652	-500,127	-575,681	-1,250,856	-3,139,599	-651,392	-1,057,476	-1,077,565
Financing Activities
Bank loans	0	0	250,000	750,000	0	0	0	0	0	0	0	0	-14,009,950	14,009,950	0
Group/Directors Accounts	0	0	0	0	-66,359	66,359	0	0	0	-78,326	77,171	-791,422	771,633	20,662	10,232
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,000,000	-1,000,000	-1,000,000	4,250,000	1,000,000	1,000,000	2,000,000	0	-1,100,000	-1,400,000	-2,500,000	500,000	12,500,000	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-3,517,500	0	0	0	0	0	0	0	13,535,178
interest	-1,471,945	-1,011,056	-464,103	-326,609	-377,537	-370,092	-180,500	-226,183	-233,280	-279,447	-370,832	-387,551	-352,376	-362,548	-293,812
cash flow from financing	-6,471,945	-2,011,056	-1,214,103	4,673,391	556,104	696,267	-1,698,000	-226,183	-1,333,280	-1,757,773	-2,793,661	-678,973	-1,090,693	13,668,064	13,251,598
cash and cash equivalents
cash	1,023,242	-12,900	131,701	-112,914	-636	4,095	-6,836	-589,263	606,707	1,065	1,262	80,971	-165	8,143	137,135
overdraft	-2,303,147	-401,398	226,114	2,346,711	-1,618,840	-3,733,078	5,690,165	-6,480	1,468,108	-924,253	-812,653	712,127	-379,525	-15,228,752	16,881,065
change in cash	3,326,389	388,498	-94,413	-2,459,625	1,618,204	3,737,173	-5,697,001	-582,783	-861,401	925,318	813,915	-631,156	379,360	15,236,895	-16,743,930

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LIBRA TEXTILES LIMITED group structure

Libra Textiles Limited has no subsidiary companies.

Ultimate parent company

LIBRA TEXTILES HOLDINGS LIMITED

13167629

1 parent

LIBRA TEXTILES LIMITED

01000964

LIBRA TEXTILES LIMITED Shareholders

libra textiles holdings ltd

100%

Libra Textiles Limited currently has 3 directors. The longest serving directors include Mr Richard Bannister (May 1992) and Mr Benjamin Bannister (Apr 2019).

officer	age	start	end	role
Mr Richard Bannister	63 years	May 1992	-	Director
Mr Benjamin Bannister	35 years	Apr 2019	-	Director
Mr Nigel Shuker	56 years	Sep 2023	-	Director

P&L

January 2024

turnover

32m

+8%

operating profit

3.2m

-7%

gross margin

59.9%

-4.77%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

31.9m

+0.04%

total assets

57.9m

-0.11%

cash

1.3m

+4.12%

net assets

Total assets minus all liabilities

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company number

01000964

Type

Private limited with Share Capital

industry

47721 - Retail sale of footwear in specialised stores

47510 - Retail sale of textiles in specialised stores

47710 - Retail sale of clothing in specialised stores

incorporation date

January 1971

ultimate parent company

LIBRA TEXTILES HOLDINGS LIMITED

previous names

bannister jersey limited (December 1977)

address

boundary mill stores head office, vivary way, colne, BB8 9NW

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to libra textiles limited. Currently there are 7 open charges and 2 have been satisfied in the past.

libra textiles limited Company Information

libra textiles limited Estimated Valuation

libra textiles limited Estimated Valuation

libra textiles limited Estimated Valuation

Libra Textiles Limited Overview

Libra Textiles Limited Health Check

LIBRA TEXTILES LIMITED financials

libra textiles limited Credit Report and Business Information

Libra Textiles Limited Competitor Analysis

libra textiles limited Ownership

libra textiles limited directors

libra textiles limited company details

libra textiles limited Charges & Mortgages

libra textiles limited Companies House Filings - See Documents