Libra Systems Limited

Libra Systems Ltd, based in Telford, UK, is a medium-sized holding company with an active status. Founded 21 years ago, it employs 34 people and holds assets worth £5,740,995, generating a yearly revenue of £9,637,397. The company has five directors and one owner, operating from a real address and irregularly importing iron and steel (one month) and exporting iron or steel products (two months).

Libra Systems manufactures cold rolled sections for ceilings and walls, primarily serving the construction industry. Its website, saleslibrasystemsuk.com, highlights its range of products, including stud and track for drylining, ceiling grids, and metal furring. The company positions itself as a leading UK manufacturer, emphasizing quality and a broad product offering. It even has a showroom in Harrods, London.

Financially, Libra Systems presents a mixed picture. Current assets increased by 7.9% to £5,700,000, and net assets increased by 9.1% to £3,300,000. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s medium size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the sharp equity drop raises questions. The company was audited by Stanton Ralph & Co Limited.

The surge in bank borrowings, while concerning, could reflect investments in expanding production or marketing efforts. The decrease in cash reserves might be a temporary consequence of increased activity, but it’s something to keep an eye on. The company's ability to maintain its position in the market will depend on its ability to manage its finances effectively and capitalize on the ongoing demand for construction materials.

Registered in England/Wales under the registration number 04793167, with a registered address at TF7 4QP, England, Telford, Unit E, Halesfield 10.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.