MIRA
INFORM REPORT
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Report Date : |
20th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PRESCOTT
INSTRUMENTS LIMITED |
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Registered Office : |
6 St Michaels Court, Saint Michaels Square, Gloucester,
Gloucestershire, Gl1 1jb |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.08.2005 |
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Date of Incorporation : |
17.08.1994 |
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Com. Reg. No.: |
02959836 |
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Legal Form : |
Private Limited with share capital |
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Line of Business : |
Manufacturer. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 16,700 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Identification Details
PRESCOTT INSTRUMENTS LIMITED
Risk Score 56 out of 100
Average Risk - This company has an average risk status and should be treated with a degree of caution
Credit Limit GBP 16,700
Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit GBP 152,400
Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.
Official Company Data
Legal Form Private Limited with
share capital
Registration Number 02959836
Date of Incorporation 17/08/1994
Registered Office 6 ST MICHAELS COURT, SAINT
MICHAELS SQUARE, GLOUCESTER, GLOUCESTERSHIRE, GL1 1JB .
Date of Last Annual
Return to Registry 17/08/2006
Activities MANUFACTURER.
- -
Accounts The last filed
accounts cover the period to 31/08/2005 and were presented to
Companies House on
27/01/2006
Recently Filed Documents
Details of the most recent
documents
Date Received Description
01/06/2004 Notification
Of A Change Among The Directors Of A Company
26/08/1994 Notification
Of A Change Among The Directors Of A Company
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House.
Known Directors
DIRECTOR PHILIP GRAHAM PRESCOTT
Occupation DIRECTOR
Address 172, HUCCLECOTE ROAD
HUCCLECOTE , GLOUCESTER , GL3 3SH
Country
of Origin BRITISH
Date of
Birth 23/01/1958
Appointment
Date 17/08/1994
Other Appointments NORTHWAY TRADING ESTATE MANAGEMENT COMPANY
LIMITED, PRESCOTT INSTRUMENTS (MANUFACTURING) LTD
DIRECTOR JULIA ANN PRESCOTT
Occupation COMPANY SECRETARY
Address 172, HUCCLECOTE ROAD
HUCCLECOTE , GLOUCESTER , GL3 3SH
Country
of Origin BRITISH
Date of
Birth 16/06/1958
Appointment
Date 01/05/2004
Other
Appointments PRESCOTT INSTRUMENTS
(MANUFACTURING) LTD
SECRETARY JULIA ANN PRESCOTT
Address 172 , HUCCLECOTE ROAD
, GLOUCESTER , GL3 3SH
Country
of Origin BRITISH
Date of
Birth 16/06/1958
Appointment
Date 01/05/2004
Recently Resigned Directors (last 3)
None
Share Summary
Share Currency: GBP
Issued at date of report: 2 ORD Shares of 100 pence each
Prinicipal Shareholders: Type Of Share No. of Shares Value
JULIA A PRESCOTT ORD 1 1.00
PHILIP G PRESCOTT ORD 1 1.00
Mortgages and Charges
Total Registered 2
Total Outstanding 2
Total Satisfied 0
Most Recent Mortgage 05/01/1999
Date Registered
06/01/1999
Type
395
Date Created
05/01/1999
Lender
YORKSHIRE BANK PLC
Secured On
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details
PROPERTY K/A UNIT F NORTHWAY LANE TRADING ESTATE TEWKESBURY ASSIGNS THE GOODWILL OF ALL BUSINESSES FROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES OR LICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY
Satisfied? No
Date Registered
22/02/1996
Type
395
Date Created
16/02/1996
Lender
YORKSHIRE BANK PLC
Secured On
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE CHARGE PARTICULARS FORM FOR DETAILS
Satisfied? No
Public Record Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities MANUFACTURER. - -
Sic Code Description
3663 Other manufacturing not elsewhere classified
Auditors KNIGHT BENNETT AND CO
Auditors Notes No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 31/08/2005.
Bankers -
Financial Data
PROFIT AND LOSS
The following figures
are shown in units of GBP '000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
31/08/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
BALANCE SHEET
The following figures
are shown in units of GBP '000
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
31/08/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
225 |
244 |
224 |
252 |
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Tangible Assets |
225 |
244 |
224 |
252 |
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Fixed Assets |
225 |
244 |
224 |
252 |
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TOTAL CURRENT ASSETS |
221 |
237 |
262 |
304 |
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Total Debtors |
84 |
103 |
116 |
116 |
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Stocks/WIP |
138 |
113 |
146 |
187 |
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Cash |
0 |
21 |
0 |
0 |
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TOTAL ASSETS |
446 |
481 |
486 |
556 |
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TOTAL CURRENT LIABILITIES |
95 |
104 |
137 |
196 |
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Other Current Liabilities |
95 |
104 |
137 |
196 |
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WORKING CAPITAL |
126 |
133 |
124 |
108 |
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TOTAL LONG TERM LIABS |
76 |
105 |
101 |
126 |
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Other Liabilities |
76 |
105 |
101 |
126 |
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NET ASSETS/(LIABILITIES) |
274 |
273 |
247 |
234 |
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SHARE CAPITAL + RESERVES |
274 |
273 |
247 |
234 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
274 |
273 |
247 |
234 |
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SHAREHOLDERS FUNDS |
274 |
273 |
247 |
234 |
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CAPITAL EMPLOYED |
351 |
377 |
348 |
360 |
KEY CREDIT RATIOS
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Accounts Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
31/08/2002 |
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Current Ratio |
2.32 |
2.28 |
1.91 |
1.55 |
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Long Term Debt/T.N.W (%) |
27.82 |
38.39 |
40.83 |
53.99 |
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Quick Ratio |
0.88 |
1.19 |
0.85 |
0.60 |
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T.N.W/Total Assets |
61.51 |
56.66 |
50.90 |
42.09 |
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Equity Gearing |
61.51 |
56.66 |
50.90 |
42.09 |
FINANCIAL COMPARISON
The following figures
are shown in units of GBP '000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
31/08/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Other Deferred Liabs |
76 |
105 |
101 |
126 |
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Tangible Net Worth(T.N.W) |
274 |
273 |
247 |
234 |
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Equity |
274 |
273 |
247 |
234 |
KEY INDUSTRY SECTOR
TRENDS
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Company |
Industry Averages |
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31/08/2005 |
Lower |
Median |
Upper |
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Current Ratio |
2.32 |
0.8 |
1.2 |
1.9 |
This comparison is
based on the results of 0009454 companies in the same industrial sector: other
manufactures nes
Financial Summary
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Working Capital |
The company's working capital decreased in the period by 5% |
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Tangible Net Worth |
Net worth increased by 1,792 during the period and now stands at
GBP 274,355 |
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Fixed Assets |
The subjects fixed assets reduced during the period by
GBP 19,424 to GBP 224,704 and are now 50% of total assets compared
with 51% in the previous period |
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Long Term Liabilities |
The company's long term liabilities reduced during the period by
27% and are now 28% of net worth compared with 38% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 17% of total assets compared with
22% in the previous period |
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Long Term Liabilities |
Long term liabilities are 22% of capital employed a decrease of
6% over the previous period |
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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