Company Identification Details
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Subject Reported on
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PREMIER TEXTILES LIMITED
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Address
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61 BLOOM STREET, MANCHESTER,
LANCS, M1 3LY.
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Telephone
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01612362212
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Facsimile
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01612369786
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Creditline Recommendations
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GBP 6m-19m financial strength
rating based on net worth plus net current assets /liabilities
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Monthly Credit Guide
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GBP 248,000
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Risk Category
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LOW RISK
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Official Company Data
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Legal Form
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Private Limited
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Registration Number
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01603882
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Date of Incorporation
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14/12/1981
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Registered Office
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61 BLOOM STREET, MANCHESTER,
M1 3LY.
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History
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Business first
established in 19/1981.
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Date of Last Annual Return
to Registry
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01/11/2005
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Registered Objectives
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TO CARRY ON BUSINESS AS
GENERAL MERCHANTS
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Accounts
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The last filed accounts at
Companies House are those to 30/06/2005
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Accounting Reference Date
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30/06
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Operations
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Activities
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Importers The import and sale
of textiles.
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Nace Code
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5141
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Premises
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Rented, Offices, Warehouse,
HEAD OFFICE
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Staff Employed
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16
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Import Countries
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EUROPE
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Export Countries
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EUROPE
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Bankers
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LLOYDS BANK PLC
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Address
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PO BOX 353, 56 MOSLEY STREET,
MANCHESTER, M60 2LS.
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Auditors
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Baker Tilly
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Branches
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61 BLOOM ST,
MANCHESTER, LANCASHIRE, M1 3LY.
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Public Record Information
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Summary of CCJ's/Scottish
Decrees
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No CCJs/Scottish Decrees are recorded in
our file.
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Summary of Mortgages, Charges and Satisfactions
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Total Number of
Mortgages/Charges Registered
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1
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Number Outstanding
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0
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Number Partially Satisfied
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0
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Number Satisfied
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1
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Date of Latest Mortgage
Created
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04/10/1989
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Date of Latest Satisfaction
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22/10/1993
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Details of most recent Mortgages, Charges and Satisfactions
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Date Fully
Satisfied
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Date
Registered
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Date
Created
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Charge
Description
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Form Type
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Lender
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22/10/1993
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13/10/1989
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04/10/1989
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Mortgage
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N/A
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Lloyds Bank Plc
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It should be noted that
there is no legal requirement to file satisfaction details of
mortgages/charges at Companies House.
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Other Filings and Notices
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27/01/2005
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Companies House Gazette
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Change among the directors of
a company
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22/09/1993
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Companies House Gazette
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Change among the directors of
a company
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30/11/1992
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Companies House Gazette
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Change among the directors of
a company
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26/10/1990
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Companies House Gazette
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Alteration in memorandum or
articles of association
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26/05/1988
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Companies House Gazette
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Documents delivered by a
company under section 241 (annual accounts)
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Company Secretary
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Secretary
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ANNA EAPEN KALLUMPRAM
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Address
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21 BEESTON ROAD, SALE,
CHESHIRE, M33 5AQ.
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Country of Origin
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MALAYSIA
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Date of Birth
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28/09/1961
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Appointment Date
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12/01/2005
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Other Directorships
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DOWNEY-CARIC LIMITED
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Directors
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Director
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ASHOK ABRAHAM KALLUMPRAM
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Address
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21 BEESTON ROAD, SALE,
CHESHIRE, M33 5AQ.
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Country of Origin
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UNITED KINGDOM
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Date of Birth
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10/12/1958
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Appointment Date
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01/11/1992
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Other Directorships
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DOWNEY-CARIC LIMITED
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Director
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ANNA EAPEN KALLUMPRAM
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Address
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21 BEESTON ROAD, SALE,
CHESHIRE, M33 5AQ.
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Country of Origin
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MALAYSIA
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Date of Birth
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28/09/1961
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Appointment Date
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12/01/2005
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Other Directorships
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DOWNEY-CARIC LIMITED
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Director
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MATHEW ABRAHAM KALLUMPRAM
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Address
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18 THORNHAM ROAD, SALE, CHESHIRE,
M33 4SQ.
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Country of Origin
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UNITED KINGDOM
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Date of Birth
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29/11/1921
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Appointment Date
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01/11/1992
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Other Directorships
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DOWNEY-CARIC
LIMITED, BEES PROPERTIES LIMITED
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Share Capital
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Shares
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Ordinary GBP 1.00
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Issued Number
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1,000,000
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Principal Shareholder
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510,000 Ashok Abraham
Kallumpram
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200,000 M.A. Kallumpram
Discretionary Trust
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200,000 M.A. Kallumpram
Accumulation Trust
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90,000 S.M. Kallumpram
Discretionay Trust
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The above reflects the
principle shareholder(s) by number of shares held, irrespective of share
classification type.
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Payment Analysis
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( No Payment Analysis Data
is Available )
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Financial Data
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The following figures are
shown in units of 1000
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Number of Weeks
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52
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52
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52
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52
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Accounts Date
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30/06/2005
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30/06/2004
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30/06/2003
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30/06/2002
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Currency
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GBP
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GBP
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GBP
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GBP
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SALES
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11431
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12242
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14240
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14475
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UK sales
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10765
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11855
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13735
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14040
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Export
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666
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387
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505
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435
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Cost of goods sold
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9574
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10201
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12220
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12341
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GROSS PROFIT
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1857
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2041
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2020
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2134
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Wages and Salaries
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643
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655
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648
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621
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Directors Emoluments
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383
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325
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366
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251
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Auditors Fees
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9
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8
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9
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8
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Trading Profit
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593
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854
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798
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1013
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Depreciation
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8
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13
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13
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14
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OPERATING PROFIT
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585
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841
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785
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999
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Non Trading Income
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93
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65
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41
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18
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Interest Payable
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12
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12
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29
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46
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PRE TAX PROFIT
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666
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894
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797
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971
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Taxation
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203
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270
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241
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288
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PROFIT AFTER TAX
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463
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624
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556
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683
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Dividends Payable
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1000
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100
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100
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100
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RETAINED PROFITS
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(537)
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524
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456
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583
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The following figures are
shown in units of 1000
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Number of Weeks
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52
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52
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52
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52
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Accounts Date
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30/06/2005
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30/06/2004
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30/06/2003
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30/06/2002
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Currency
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GBP
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GBP
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GBP
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GBP
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TOTAL FIXED ASSETS
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1113
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472
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227
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239
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Tangible Assets
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1113
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472
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227
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239
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Fixed Assets
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663
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22
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27
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39
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Intermediate assets
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450
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450
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200
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200
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TOTAL CURRENT ASSETS
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6973
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8312
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8057
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7770
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Trade debtors
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2161
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2549
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3141
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3259
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Stocks
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2985
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3425
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3503
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3251
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Other Current Assets
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1827
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2338
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1413
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1260
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Misc Current Assets
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46
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5
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25
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15
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Cash
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1781
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2333
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1388
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1245
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TOTAL ASSETS
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8086
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8784
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8284
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8009
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TOTAL CURRENT LIABILITIES
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904
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1065
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1089
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1169
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Trade creditors
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356
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262
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298
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413
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Short Term Loans
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24
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157
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160
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146
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Bank Overdraft
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133
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136
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39
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Other Finance
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24
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24
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24
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107
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Other Liabilities
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524
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646
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631
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610
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WORKING CAPITAL
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6069
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7247
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6968
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6601
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TOTAL LONG TERM LIABS
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78
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77
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77
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179
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Long Term Loans
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77
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77
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77
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177
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Other Finance
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100
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Due To Directors
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77
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77
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77
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77
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Other Liabilities
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1
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2
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NET ASSETS/(LIABILITIES)
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7104
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7642
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7118
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6661
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SHARE CAPITAL + RESERVES
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7104
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7642
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7118
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6661
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Share Cap + Sundry Res
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1000
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1000
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1000
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1000
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Issued Share Capital
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1000
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1000
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1000
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1000
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Profit and Loss account
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6104
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6642
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6118
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5661
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SHAREHOLDERS FUNDS
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7104
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7642
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7118
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6661
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CAPITAL EMPLOYED
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7182
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7719
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7195
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6840
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The following figures are
shown in units of 1000
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Number of Weeks
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52
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52
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52
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52
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Accounts Date
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30/06/2005
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30/06/2004
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30/06/2003
|
30/06/2002
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Currency
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GBP
|
GBP
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GBP
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GBP
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Net Cashflow from Oper.
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1422
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1472
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633
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2486
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Increase in Cash
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(418)
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947
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46
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2020
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Directors Remuneration
|
383
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325
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366
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251
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Auditors Remuneration
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9
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8
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9
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8
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Liquid Assets
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3942
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4882
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4529
|
4504
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Net Working Capital
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6069
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7247
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6968
|
6601
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Long Term Debt(>12
Months)
|
77
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77
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77
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177
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Other Deferred Liabs
|
1
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2
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Tangible Net Worth(T.N.W)
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7104
|
7642
|
7118
|
6661
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Equity
|
7104
|
7642
|
7118
|
6661
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Number of Years Trading
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24
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23
|
22
|
21
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Number of Employees
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16
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16
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16
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16
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Profit per Employee
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41625
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55875
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49812.5
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60687.5
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Sales per Employee
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714437.5
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765125
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890000
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904687.5
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The following figures are
shown as Ratios or Percentages
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Accounts Date
|
30/06/2005
|
30/06/2004
|
30/06/2003
|
30/06/2002
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Current Ratio
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7.7
|
7.8
|
7.4
|
6.6
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|
Pre Tax Profit Margin%
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5.8
|
7.3
|
5.6
|
6.7
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|
Gross Profit%
|
16.2
|
16.7
|
14.2
|
14.7
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|
Debtors Days (D.S.O)
|
69
|
76
|
81
|
82
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|
Creditors Days (D.P.O)
|
11
|
8
|
8
|
10
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Quick Ratio
|
4.4
|
4.6
|
4.2
|
3.9
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W.I.P/Inventory Days
|
113.8
|
122.5
|
104.6
|
96.2
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|
Return on Investment%
|
9.4
|
11.5
|
11.2
|
14.6
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|
Return on Assets%
|
8.2
|
10.2
|
9.6
|
12.1
|
|
T.N.W/Total Assets%
|
87.9
|
87
|
85.9
|
83.2
|
|
Return on Capital%
|
9.3
|
11.6
|
11.1
|
14.2
|
|
Rtn on Shareholders Funds%
|
9.4
|
11.7
|
11.2
|
14.6
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|
Working Capital/Sales%
|
53.1
|
59.2
|
48.9
|
45.6
|
|
Borrowing Ratio%
|
1.4
|
3.1
|
3.3
|
4.8
|
|
Equity Gearing%
|
723.4
|
669.2
|
610.5
|
494.1
|
|
Stock Turnover
|
3.8
|
3.6
|
4.1
|
4.5
|
|
Days Purchases Outstanding
|
13.6
|
9.4
|
8.9
|
12.2
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Key Industry Sector Trends
|
Year
|
2005
|
2004
|
2003
|
2002
|
|
Sample Size
|
5771
|
12147
|
12300
|
12943
|
|
Pre-Tax Profit Margin
|
4
|
3.5
|
2.8
|
2.3
|
|
Current Ratio
|
1.7
|
1.6
|
1.6
|
1.5
|
|
Borrowing Ratio
|
66.1
|
62.5
|
61.5
|
72.1
|
|
Return on Capital
|
37.7
|
35.1
|
34.7
|
32
|
|
Creditors Days
|
56
|
75
|
67
|
71
|
|
Above figures relate to
companies in 1992 Standard Industry Classification (Nace) sector :
Wholesale of household goods
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Financial Summary
|
Auditors
Qualification
|
|
The
Auditors have expressed a clean opinion (i.e. unqualified with no
referrals) on the accounts for the period ended 30/06/2005.
|
|
Turnover
|
|
Turnover
reduced from GBP 12,242,000 to GBP 11,431,000, a decrease of 7 % in the
period.
|
|
Operating
Profit
|
|
Totalled
GBP 585,000. In the year prior a Profit of GBP 841,000 was achieved.
|
|
Pre
Tax Profit
|
|
The
subject's profit decreased by 25 % over the previous year.
|
|
Working
Capital
|
|
The
subject's working capital decreased by 16 % in the period but remains
positive.
|
|
Net
Worth
|
|
Net
worth reduced by GBP 538,000 during the period and now stands at GBP
7,104,000.
|
|
Fixed
Assets
|
|
The
subject's fixed assets increased during the year by GBP 641,000 to GBP
1,113,000 and are now 13 % of total assets compared with 5 % in the
previous year.
|
|
Long
Term Liabilities
|
|
The
company's long term liabilities increased during the period by 1% and are
now 1 % of net worth compared with 1 % in the previous period.
|
|
Long
Term Liabilities
|
|
Long
term liabilities are now 1 % of total liabilities compared with 1 % in the
previous period.
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|
