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BANKS LIMITED

Company
BANKS LIMITED (02946499)

BANKS

Phone: 01213 735 450
A⁺ rating

ABOUT BANKS LIMITED

A History of Banks Ltd.

Banks Ltd. now has now seen over 60 years of successful retailing in Birmingham.

The story of Banks is perhaps the

 business" 

The company has its origins in 1954, when husband and wife team Thelma and Brian Banks started their first shop, a DIY store, in Park Road, Aston.

Mrs Banks well recalls that after a lot of hard work the shop did very well, but Brian came home one day very distressed, having received a Compulsory Purchase Order from Birmingham City Council for the premises, which were going to be demolished so that the Aston Expressway could be constructed.

Never beaten, Mr & Mrs Banks decided to start again.

...At this point Mrs Banks’s brother John Power, who had been a top apprentice at ICI, joined and became manager of the DIY shop, having completed his National Service in the RAF.

was needed,” said Mrs Banks. “They said a shoe shop, so a shoe shop was started and we lived in the accommodation above. By this time I had three small children, so I could not work in the shop full-time.

With the Banks' first shoe store launched - in the very same location in Stockland Green that our stores still operate today - i

n no time at all, the family began to consider the broader neighbourhood surrounding their new venture. In doing so they realised that there was something no-one else was supplying in the area. In looking to fulfil that need they took the first steps into the line of business that we are renowned for today...

“There were around 20 shoe shops in Erdington’s High Street, so I had quite a lot of competition. I decided that I must sell shoes for the wide foot and also dancing shoes. I had always been interested in dancing, having been taught when I was young.”

Mrs Banks remembers well that there was another shoe shop not far away in Slade Road, owned by a market trader who also had a number of other shops. “He gave me six months to survive, but he has been gone many years and we are still there.”

Mr & Mrs Banks also opened a shop in Lozells Road, Aston, where they sold good quality clothing at low prices for all the family. This also did very well, but once again they were hit by a Compulsory Purchase Order from the council – this time Six Ways was about to be redeveloped.

Beginning at this Aston location, the Banks always tried to adapt to the current clothing trends...

Banks were in the forefront of men’s fashions, offering the “Mod” look and the “Teddy Boy” look, but slowly these trends died and the business reverted to the mainstream of menswear.

The formal B.J.E. Banks (Outfitters) Ltd. name was incorporated on 19 June 1964.

The business was always on the lookout to expand into new properties and explore different aspects of retail particularly around this time.

“Over the years different shops became available and, as we had done so well with the family clothing, we decided to open a drapery shop which sold ladies’ wear [this was located at 512 Slade Road], including clothes for the bigger lady and a men’s outfitters,” Mrs Banks continued.

“We also sold school wear for many schools and were well-known for our down-to-earth prices. A gentlemen’s outfitters came up for sale [in 1972] at Walsall Road, Great Barr which was also well-known for its school wear, so we bought it. This business went very well, but there was talk of changes to Walsall Road, so we decided not to renew the lease [this was in October 1992].

“We have altered our priorities over the years. We sold school wear for many years, but eventually the multiples began to sell more and more of these items, so we decided we would concentrate on menswear as a speciality.”

Mrs Banks explained that while she has always believed in advertising, her husband and brother were not so keen. “However, I think that as more and more customers came to the shop as a result of advertising, they were ultimately convinced that it did pay. Our relationship over the years with the Birmingham Evening Mail has always been first class and I must say a big thank you to them.”

By the end of the '60s Banks' run on Slade Road extended to the majority of stores between 510 and 524 on Slade Road. (All these shop fronts were orginally Edwardian residential properties. 516, previously 

 had already become Mens' Shoes; whilst the new menswear oufitters mentioned by Mrs. Banks was 

 latter would eventually become Banks' mainstay Big and Tall store.) Each store featured signage in the well-known red on white livery.

“With the opening of the new motorways we had quite a few robberies. Criminals were driving up and down the M1, M6, etc., with their lorries, doing the robberies and then escaping back along the motorways. We had quite a few problems at this time.”

And as the clothing stores grew an outlet was needed to sell off excess stock at discounted rates. Enter a certain Mr Pants - still recalled with fondness by many Brummies of a certain age.

“We also had a flourishing market stall in the Newtown shopping centre, called Mr Pants, run by one of our employees who was always known himself as ‘Mr Pants.’ His real name was Dennis and we are sure he will be remembered by many of our customers in the Aston area and by stallholders. Sadly, Dennis passed away several years ago and is very much missed as he was a great character.

The early 1980's was something of a time of re-focus for Banks' stores on Slade Road. 514 saw its use change away from the Banks' brand (its interior layout had proved impractical), along with 510 which became Plaza Cars taxi service in 1985. Both of these new operations were instead run by Mr and Mrs B's son Colin. (Plaza Travel is a thriving business, based in the same location, to this day.) As the decade wore on the Banks' core lines moved more and more away from regular sized menswear and into the arena which they are known for today...

KEY FINANCES

Year
2016
Assets
£795.7k ▲ £172.22k (27.62 %)
Cash
£12.71k ▲ £12.66k (23,442.59 %)
Liabilities
£107.26k ▼ £-450.11k (-80.76 %)
Net Worth
£688.44k ▲ £622.33k (941.39 %)

REGISTRATION INFO

Company name
BANKS LIMITED
Company number
02946499
Status
Active
Categroy
Private Limited Company
Date of Incorporation
07 Jul 1994
Age - 30 years
Home Country
United Kingdom

CONTACTS

Website
www.bigandtallmenswear.co.uk
Phones
01213 735 450
Registered Address
HERMES HOUSE,
FIRE FLY AVENUE,
SWINDON,
ENGLAND,
SN2 2GA

ECONOMIC ACTIVITIES

69201
Accounting and auditing activities

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LAST EVENTS

20 Feb 2017
Total exemption full accounts made up to 30 September 2016
08 Dec 2016
Total exemption small company accounts made up to 31 March 2016
27 Oct 2016
Director's details changed for Neil Richard Elsden on 27 October 2016

CHARGES

21 December 2012
Status
Outstanding
Delivered
5 January 2013
Persons entitled
Barclays Bank PLC
Description
Fixed and floating charge over the undertaking and all…

18 July 2003
Status
Outstanding
Delivered
22 July 2003
Persons entitled
Lloyds Tsb Bank PLC
Description
Fixed and floating charges over the undertaking and all…

See Also


Last update 2018

BANKS LIMITED DIRECTORS

Neil Richard Elsden

  Acting
Appointed
18 June 2003
Occupation
Accountant
Role
Secretary
Nationality
British
Address
Hermes House, Fire Fly Avenue, Swindon, England, SN2 2GA
Name
ELSDEN, Neil Richard

Neil Richard Elsden

  Acting
Appointed
18 June 2003
Occupation
Accountant
Role
Director
Age
52
Nationality
British
Address
Hermes House, Fire Fly Avenue, Swindon, England, SN2 2GA
Country Of Residence
United Kingdom
Name
ELSDEN, Neil Richard

Irene Lesley Harrison

  Resigned
Appointed
18 June 2003
Resigned
20 June 2003
Role
Secretary
Address
Fy Mwthin, 22 Merthyr Road Tongwynlais, Cardiff, CF15 7LH
Name
HARRISON, Irene Lesley

Irene Lesley Harrison

  Resigned
Appointed
07 July 1994
Resigned
12 July 1994
Role
Nominee Secretary
Address
Fy Mwthin, 22 Merthyr Road Tongwynlais, Cardiff, South Glamorgan, CF15 7LH
Name
HARRISON, Irene Lesley

Richard Mark Lodge Taylor

  Resigned
Appointed
12 July 1994
Resigned
18 June 2003
Occupation
Certified Accountant
Role
Secretary
Nationality
English
Address
10 Wyndham Road, Newbury, Berkshire, RG14 2NJ
Name
TAYLOR, Richard Mark Lodge

Roderick Bluh

  Resigned
Appointed
12 July 1994
Resigned
16 October 2014
Occupation
Chartered Accountant
Role
Director
Age
69
Nationality
British
Address
112 Clifton Street, Old Town, Swindon, Wiltshire, SN1 3QA
Country Of Residence
England
Name
BLUH, Roderick

BUSINESS INFORMATION RESEARCH & REPORTING LIMITED

  Resigned
Appointed
07 July 1994
Resigned
12 July 1994
Role
Nominee Director
Address
Crown House, 64 Whitchurch Road, Cardiff, CF14 3LX
Name
BUSINESS INFORMATION RESEARCH & REPORTING LIMITED

Jonathan Paul Chappell

  Resigned
Appointed
01 July 2003
Resigned
07 November 2003
Occupation
Accountant
Role
Director
Age
59
Nationality
British
Address
17 Lyall Close, Blunsdon, Swindon, Wiltshire, SN25 2EH
Country Of Residence
United Kingdom
Name
CHAPPELL, Jonathan Paul

Patrick Bernard Harrington

  Resigned
Appointed
01 July 2014
Resigned
30 September 2016
Occupation
Chartered Accountant
Role
Director
Age
67
Nationality
British
Address
Vicarage Court, 160 Ermin Street, Swindon, Wiltshire, SN3 4NE
Country Of Residence
England
Name
HARRINGTON, Patrick Bernard

Richard Sean Mathews

  Resigned
Appointed
01 March 2004
Resigned
21 September 2015
Occupation
Tax Director
Role
Director
Age
62
Nationality
British
Address
Vicarage Court, 160 Ermin Street, Swindon, Wiltshire, United Kingdom, SN3 4NE
Country Of Residence
United Kingdom
Name
MATHEWS, Richard Sean

Richard Mark Lodge Taylor

  Resigned
Appointed
12 July 1994
Resigned
18 June 2003
Occupation
Certified Accountant
Role
Director
Age
73
Nationality
English
Address
10 Wyndham Road, Newbury, Berkshire, RG14 2NJ
Country Of Residence
England
Name
TAYLOR, Richard Mark Lodge

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