|
Subject Reported on
|
CORRIE MACCOLL & SON LIMITED
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|
Address
|
5-7 FOLGATE ST, LONDON, E1 6BX.
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Telephone
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020 74261900
|
Creditline Recommendations
|
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GBP 6m-19m financial strength rating based on net worth
plus net current assets /liabilities
|
|
Monthly Credit Guide
|
GBP 250,000
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|
Risk Category
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LOW RISK
|
Official Company Data
|
Legal Form
|
Private Limited
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Registration Number
|
00154915
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VAT Number
|
GB243316389
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Date of Incorporation
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07/05/1919
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Registered Office
|
BISHOPSGATE HOUSE, 5-7 FOLGATE STREET, LONDON, E1 6BX.
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|
History
|
25/06/2002 : The Registered Office
address changed from NEW LOOM HOUSE, 101 BACKCHURCH LANE, LONDON,.
|
|
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28/03/1992 : The Registered Office
address changed from 1 MARBLE QUAY, ST. KATHERINE-BY-THE-TOWER, LO.
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Date of Last Annual Return to Registry
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29/12/2005
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|
Registered Objectives
|
TO CARRY ON BUSINESS AS DEALERS IN RUBBER
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Accounts
|
The last filed accounts at Companies House are those to
31/03/2005
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Accounting Reference Date
|
31/03
|
Operations
|
Activities
|
Dealers and brokers in rubber commodities.
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|
Nace Code
|
5155
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|
Premises
|
Leased,Offices,HEAD OFFICE
|
|
Staff Employed
|
14
|
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Bankers
|
NAT WEST BANK PLC
|
|
Address
|
MINCING LANE.
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Sort Code
|
607001
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Auditors
|
Audit Assure
|
|
Subsidiaries
|
CORRIE MACCOLL TRADING LIMITED
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish Decrees are recorded in our file.
|
Other Filings and Notices
|
06/01/2004
|
Companies House Gazette
|
Change among the directors of a company
|
|
16/11/2002
|
Companies House Gazette
|
Change among the directors of a company
|
|
12/02/2002
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
07/06/2001
|
Companies House Gazette
|
Change among the directors of a company
|
|
10/07/1998
|
Companies House Gazette
|
Change among the directors of a company
|
|
16/05/1996
|
Companies House Gazette
|
Change among the directors of a company
|
|
29/03/1990
|
Companies House Gazette
|
Change among the directors of a company
|
|
09/03/1990
|
Companies House Gazette
|
Change among the directors of a company
|
|
22/02/1990
|
Companies House Gazette
|
Change among the directors of a company
|
|
20/12/1989
|
Companies House Gazette
|
Change among the directors of a company
|
|
15/06/1988
|
Companies House Gazette
|
Change among the directors of a company
|
|
10/07/1987
|
Companies House Gazette
|
Change among the directors of a company
|
|
25/06/1987
|
Companies House Gazette
|
Change in the situation of company's registered office
|
Company Secretary
|
Secretary
|
BARRY ANTHONY RYLANDS
|
|
Address
|
94 MILTON WAY, HOUGHTON REGIS, DUNSTABLE, LU5 5UE.
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|
Country of Origin
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UNITED KINGDOM
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|
Date of Birth
|
10/11/1946
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|
Appointment Date
|
02/07/1999
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Directors
|
Director
|
RONALD HENDRIK JOHAN BOSCH
|
|
Address
|
BURG DE VILLENEUVESINGEL 17, ROTTERDAM, 3055AL.
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|
Country of Origin
|
NETHERLANDS
|
|
Date of Birth
|
01/11/1961
|
|
Appointment Date
|
30/04/2001
|
|
Director
|
ANDREW MICHAEL HURLEY
|
|
Address
|
27A CLOOT DROVE, CROWLAND, LINCOLNSHIRE, PE6 0JG.
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|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
25/10/1955
|
|
Appointment Date
|
10/05/1996
|
|
Other Directorships
|
CORRIE MACCOLL TRADING LIMITED, DELI-MIJ HOLDINGS
LIMITED
|
|
Director
|
MR JACK MATHIAS MARIE VAN DE WINKEL
|
|
Address
|
EMMALAAN 12, ROTTERDAM, 3051-JG.
|
|
Country of Origin
|
NETHERLANDS
|
|
Date of Birth
|
27/02/1949
|
|
Appointment Date
|
28/12/1990
|
|
Other Directorships
|
CORRIE MACCOLL TRADING LIMITED, DELI-MIJ HOLDINGS
LIMITED
|
|
Director
|
MR CHRISTOPHER GEORGE FINDLAY
|
|
Address
|
25 KINGS ROAD, SOUTH BENFLEET, BENFLEET, ESSEX, SS7 1JP.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
17/08/1929
|
|
Appointment Date
|
28/12/1990
|
|
Other Directorships
|
CORRIE MACCOLL TRADING LIMITED, DELI-MIJ HOLDINGS
LIMITED, THE ASSOCIATION OF THE INTERNATIONAL RUBBER TRADE LIMITED, THE
RUBBER TRADE ASSOCIATION OF EUROPE
|
Share Capital
|
Shares
|
Deferred GBP 1.00
|
|
Issued Number
|
200,000
|
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
326,000
|
|
Principal Shareholder
|
326,000 Deli Mij Holdings Ltd
|
|
|
200,000 Deli Mij Holdings Ltd
|
|
The above reflects the principle shareholder(s) by
number of shares held, irrespective of share classification type.
|
|
Holding Company
|
DELI-MIJ HOLDINGS LIMITED
|
|
Ultimate Parent
|
UNIVERSAL CORP INC., a company incorporated in USA
|
Financial Data
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
48
|
52
|
52
|
|
Accounts Date
|
31/03/2005
|
31/03/2004
|
30/04/2003
|
30/04/2002
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
40515
|
26592
|
18679
|
17154
|
|
Cost of goods sold
|
38150
|
25448
|
17992
|
16215
|
|
GROSS PROFIT
|
2365
|
1144
|
687
|
939
|
|
Wages and Salaries
|
573
|
360
|
261
|
275
|
|
Directors Emoluments
|
89
|
107
|
126
|
143
|
|
Auditors Fees
|
12
|
10
|
8
|
12
|
|
Trading Profit
|
1297
|
920
|
207
|
533
|
|
Depreciation
|
13
|
14
|
8
|
7
|
|
OPERATING PROFIT
|
1284
|
906
|
199
|
526
|
|
Non Trading Income
|
17
|
36
|
76
|
158
|
|
Interest Payable
|
239
|
53
|
12
|
9
|
|
PRE TAX PROFIT
|
1062
|
889
|
263
|
675
|
|
Taxation
|
279
|
269
|
71
|
201
|
|
PROFIT AFTER TAX
|
783
|
620
|
192
|
474
|
|
Dividends Payable
|
|
|
|
3100
|
|
RETAINED PROFITS
|
783
|
620
|
192
|
(2626)
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
48
|
52
|
52
|
|
Accounts Date
|
31/03/2005
|
31/03/2004
|
30/04/2003
|
30/04/2002
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
46
|
57
|
46
|
51
|
|
Tangible Assets
|
46
|
57
|
46
|
51
|
|
Fixed Assets
|
21
|
32
|
21
|
26
|
|
Intermediate assets
|
25
|
25
|
25
|
25
|
|
TOTAL CURRENT ASSETS
|
14235
|
9732
|
4191
|
3850
|
|
Trade debtors
|
9594
|
7275
|
2168
|
2100
|
|
Stocks
|
3835
|
2031
|
425
|
287
|
|
Other Current Assets
|
806
|
426
|
1598
|
1463
|
|
Misc Current Assets
|
794
|
425
|
24
|
27
|
|
Due From Group
|
|
|
1250
|
1349
|
|
Cash
|
12
|
1
|
324
|
87
|
|
TOTAL ASSETS
|
14281
|
9789
|
4237
|
3901
|
|
TOTAL CURRENT LIABILITIES
|
10251
|
6542
|
1611
|
1467
|
|
Trade creditors
|
233
|
308
|
303
|
612
|
|
Short Term Loans
|
9719
|
5983
|
949
|
343
|
|
Bank Overdraft
|
1251
|
1379
|
660
|
55
|
|
Due To Group
|
8468
|
4604
|
289
|
288
|
|
Other Liabilities
|
299
|
251
|
359
|
512
|
|
WORKING CAPITAL
|
3984
|
3190
|
2580
|
2383
|
|
NET ASSETS/(LIABILITIES)
|
4030
|
3247
|
2626
|
2434
|
|
SHARE CAPITAL + RESERVES
|
4030
|
3247
|
2626
|
2434
|
|
Share Cap + Sundry Res
|
526
|
526
|
526
|
526
|
|
Issued Share Capital
|
526
|
526
|
526
|
526
|
|
Profit and Loss account
|
3504
|
2721
|
2100
|
1908
|
|
SHAREHOLDERS FUNDS
|
4030
|
3247
|
2626
|
2434
|
|
CAPITAL EMPLOYED
|
4030
|
3247
|
2626
|
2434
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
48
|
52
|
52
|
|
Accounts Date
|
31/03/2005
|
31/03/2004
|
30/04/2003
|
30/04/2002
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
89
|
107
|
126
|
143
|
|
Auditors Remuneration
|
12
|
10
|
8
|
12
|
|
Liquid Assets
|
9606
|
7276
|
2492
|
2187
|
|
Net Working Capital
|
3984
|
3190
|
2580
|
2383
|
|
Tangible Net Worth(T.N.W)
|
4030
|
3247
|
2626
|
2434
|
|
Equity
|
4030
|
3247
|
2626
|
2434
|
|
Number of Years Trading
|
86
|
85
|
84
|
83
|
|
Number of Employees
|
14
|
12
|
8
|
8
|
|
Profit per Employee
|
75857.1
|
74083.3
|
32875
|
84375
|
|
Sales per Employee
|
2893928.6
|
2216000
|
2334875
|
2144250
|
|
The following figures are shown as Ratios or
Percentages
|
|
Accounts Date
|
31/03/2005
|
31/03/2004
|
30/04/2003
|
30/04/2002
|
|
Current Ratio
|
1.4
|
1.5
|
2.6
|
2.6
|
|
Pre Tax Profit Margin%
|
2.6
|
|
1.4
|
3.9
|
|
Gross Profit%
|
5.8
|
4.3
|
3.7
|
5.5
|
|
Debtors Days (D.S.O)
|
86
|
100
|
42
|
45
|
|
Creditors Days (D.P.O)
|
2
|
4
|
6
|
13
|
|
Quick Ratio
|
1
|
1.2
|
2.3
|
2.4
|
|
W.I.P/Inventory Days
|
36.7
|
29.1
|
8.6
|
6.5
|
|
Return on Investment%
|
9.5
|
10.2
|
7.7
|
24.6
|
|
Return on Assets%
|
7.4
|
9.1
|
6.2
|
17.3
|
|
T.N.W/Total Assets%
|
28.2
|
33.2
|
62
|
62.4
|
|
Return on Capital%
|
26.4
|
27.4
|
10
|
27.7
|
|
Rtn on Shareholders Funds%
|
26.4
|
27.4
|
10
|
27.7
|
|
Working Capital/Sales%
|
9.8
|
12
|
13.8
|
13.9
|
|
Borrowing Ratio%
|
241.2
|
184.3
|
36.1
|
14.1
|
|
Equity Gearing%
|
39.3
|
49.6
|
163
|
165.9
|
|
Stock Turnover
|
10.6
|
13.1
|
44
|
59.8
|
|
Days Purchases Outstanding
|
2.2
|
4.4
|
6.1
|
13.8
|
Key Industry Sector Trends
|
Year
|
2005
|
2004
|
2003
|
2002
|
|
Sample Size
|
3299
|
6639
|
6481
|
6358
|
|
Pre-Tax Profit Margin
|
5.2
|
4.1
|
3.3
|
3.2
|
|
Current Ratio
|
1.5
|
1.4
|
1.4
|
1.4
|
|
Borrowing Ratio
|
84.6
|
97.2
|
106
|
103.2
|
|
Return on Capital
|
34.1
|
30.8
|
27.4
|
25.7
|
|
Creditors Days
|
50
|
63
|
61
|
60
|
|
Above figures relate to companies in 1992 Standard
Industry Classification (Nace) sector : Wholesale of non-agricultural
intermediate products, waste and scrap
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a
clean opinion (i.e. unqualified with no referrals) on the accounts for the
period ended 31/03/2005.
|
|
Turnover
|
|
Turnover increased by 52 % in
the period and now totals GBP 40,515,000.
|
|
Operating Profit
|
|
Totalled GBP 1,284,000. In the
year prior a Profit of GBP 906,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased
by 19 % in the year.
|
|
Working Capital
|
|
The company's working capital
has increased by 25 % in the period.
|
|
