Attachment 1
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Report
Update On |
3rd January, 2001 |
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Report on |
A. E. & N. ASHTON & COMPANY
LIMITED |
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Registered Office |
Liele Lane, Ely, Cambridgeshire, CB7 4AS, U.K. |
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Tel. No. |
01353 662473 |
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Fax No. |
01353 667726 |
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E-Mail |
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Telex |
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Attachment 2
SUMMARY
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Incorporated |
1955 |
Status |
Satisfactory |
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Registration No. |
00555058 |
Chief Executive |
Mr. Christopher William Piggott |
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Capital (GB£) |
4,770 |
Payments |
Regular |
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Sales (GB£) |
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Litigation |
-- |
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Net Worth (GB£) |
131,000 |
Banking Reputation |
Satisfactory |
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No. of Employees |
35 |
Auditors |
Stephenson Davies |
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Credit Rating |
Ba (See attachment 3) |
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Company Identification Details
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Subject
Reported on |
A. E. & N. ASHTON & COMPANY LIMITED |
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Registered
Number |
00555058 |
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Address |
LISLE LANE, ELY, CAMBRIDGESHIRE, CB7 4AP. |
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Telephone |
01353 662473 |
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Facsimile |
01353 667726 |
Creditline Recommendations
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Graydon Rating |
7B GBP 100k-249k financial strength rating based on net
worth plus net current assets/liabilities |
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Monthly Credit
Guide |
GBP 15,000 |
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Risk Category |
LOW NORMAL RISK |
Credit Risk Assessment
The monthly credit recommended is GBP 15,000
Official Company Data
|
Legal Form |
Private Limited |
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Registration
Number |
00555058 |
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Date of
Incorporation |
24/09/1955 |
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Registered
Office |
LISLE LANE, ELY, CAMBRIDGESHIRE, CB7 4AS. |
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Date of Last
Annual Return to Registry |
11/01/2000 |
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Accounts |
The last filed accounts at Companies House are those
to 31/03/2000 |
Known Directors
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Director |
CHRISTOPHER WILLIAM PIGGOTT |
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Address |
43 COWSLIP DRIVE, LITTLE THETFORD, ELY,
CAMBRIDGESHIRE, CB6 3JD. |
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Country of
Origin |
UNITED KINGDOM |
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Director |
BRIAN MARK ASHTON |
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Address |
SPERO VINEYARD WAY, ELY, CAMBRIDGESHIRE, CB7 4QQ. |
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Country of
Origin |
UNITED KINGDOM |
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Other
Directorships |
A.E. & N. ASHTON GROUP LIMITED. |
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Secretary |
ENID GWENDOLEN ASHTON |
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Address |
MELIORA VINEYARD WAY, ELY, CAMBRIDGESHIRE, CB7 4QQ. |
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Country of
Origin |
UNITED KINGDOM |
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Other
Directorships |
A.E. & N. ASHTON GROUP LIMITED. |
Share Capital
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Shares |
Ordinary GBP 1.00 |
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Issued Number |
4,770 |
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Principal
Shareholder |
4,569 Shares A.E. & N. Ashton Group Ltd 200 Shares Christopher Will Piggott 1 Shares B.M. Ashton |
The above reflects the principal shareholder(s) by number of shares held, irrespective of share classification type.
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Holding
Company |
A.E. & N. Ashton Group Ltd |
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Ultimate
Parent |
A.E. & N. ASHTON GROUP LTD |
Public Record Information
Summary of CCJs/Scottish Decrees since January 1999
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Number of
CCJs/Decrees |
0 |
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Total Amount
of CCJs/Decrees |
GBP 0 |
Payment Analysis
No Payment Analysis Data is Available.
To contribute sales ledger information to Graydon, please contact Specialist Product Division - mail@graydon.co.uk
Operations
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Activities |
General Business Classification Manufacture of other
plastic products inc adhesive labels, advertising material, household goods
etc |
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Nace Code |
2524 (1992) |
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Staff Employed |
35 |
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Trade Names |
ASHTON CHEMICAL PLANT. |
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Bankers |
BARCLAYS BANK PLC., 28 HIGH STREET, ELY, CAMBS, CB7
4LA. |
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Bank Sort Code |
202968 |
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Auditors |
Stephenson Davies |
Financial Data
Profit & Loss Account
Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.
Balance Sheet
The following figures are shown in 000's
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Number of weeks |
52 |
52 |
52 |
52 |
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31/03/2000 |
31/03/1999 |
31/03/1998 |
31/03/1997 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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TOTAL FIXED ASSETS |
32 |
15 |
18 |
12 |
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Tangible
Assets |
32 |
15 |
18 |
12 |
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TOTAL CURRENT ASSETS |
210 |
245 |
221 |
237 |
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Trade
debtors |
129 |
140 |
67 |
93 |
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Stocks |
81 |
103 |
102 |
142 |
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Other
Current Assets |
- |
2 |
52 |
2 |
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Cash |
- |
2 |
52 |
2 |
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TOTAL ASSETS |
242 |
260 |
239 |
249 |
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TOTAL CURRENT LIABILITIES |
111 |
134 |
107 |
123 |
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Trade
creditors |
111 |
134 |
107 |
123 |
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WORKING CAPITAL |
99 |
111 |
114 |
114 |
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NET ASSETS/(LIABILITIES) |
131 |
126 |
132 |
126 |
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SHARE CAPITAL & RESERVES |
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Share Cap.
& Sundry Res. |
5 |
4 |
5 |
5 |
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Profit and
Loss account |
126 |
122 |
127 |
121 |
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SHAREHOLDERS FUNDS |
131 |
126 |
132 |
126 |
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CAPITAL EMPLOYED |
131 |
126 |
132 |
126 |
Financial Comparison
The following Profit/Loss & Balance sheet figures are shown in 000's
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Number of weeks |
52 |
52 |
52 |
52 |
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31/03/2000 |
31/03/1999 |
31/03/1998 |
31/03/1997 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Liquid Assets |
129 |
142 |
119 |
95 |
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Net Working Capital |
99 |
111 |
114 |
114 |
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Tangible Net Worth(T.N.W) |
131 |
126 |
132 |
126 |
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Equity |
131 |
126 |
132 |
126 |
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Number of Years Trading |
45 |
44 |
43 |
42 |
Key Credit Ratios
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31/03/2000 |
31/03/1999 |
31/03/1998 |
31/03/1997 |
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Current Ratio |
1.9 |
1.8 |
2.1 |
1.9 |
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Quick Ratio |
1.2 |
1.1 |
1.1 |
0.8 |
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T.N.W/Total Assets % |
54.1 |
48.5 |
55.2 |
50.6 |
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Equity Gearing % |
118.0 |
94.0 |
123.4 |
102.4 |
Key Industry Sector Trends
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Year |
2000 |
1999 |
1998 |
1997 |
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Sample Size |
588 |
3087 |
3209 |
3147 |
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1) Pre-Tax Profit Margin |
5.5 |
3.4 |
3.7 |
4.1 |
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2) Current Ratio |
1.3 |
1.3 |
1.2 |
1.2 |
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3) Borrowing Ratio |
81.2 |
82.2 |
76.3 |
87.8 |
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4) Return on Capital |
21.8 |
18.7 |
23.2 |
25.3 |
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5) Creditors Days |
44.0 |
52.0 |
51.0 |
56.0 |
Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector : Manufacture of plastic products
Financial Summary
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Turnover |
The company's balance sheet total is less than GBP
1,400,001 and therefore this is a small company as defined by the Companies
Act. It is not required to disclose turnover but it is likely to be less than
GBP 2,800,000. |
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Pre-Tax Profit |
The Company is exempt from the requirement to file a
Profit Loss Account. We note that the difference on the Shareholders Funds
shown on the Balance Sheet is GBP 5,000 increase. This suggests that the
Company may have made a post-tax profit of GBP 5,000. |
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Working
Capital |
The subject's working capital decreased by 11% in the
period but remains positive. |
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Fixed Assets |
The subject's fixed assets increased during the year
by GBP 17,000 to GBP 32,000 and are now 13% of total assets compared with 5%
in the previous year. |
Analysts Comments
No further information was obtained.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal
assurance for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
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the appropriate box.
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FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature