MIRA
INFORM REPORT
|
Report Date : |
24.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
JANE
NORMAN LIMITED |
|
|
|
|
Registered Office : |
224
The Glades Shopping Centre, High Street, Bromley, Kent, BR1 1DN |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Date of Incorporation : |
17/12/1952 |
|
|
|
|
Com. Reg. No.: |
00514294 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Retailers The retail of ladies wear and accessories. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
Subject
Reported on |
JANE
NORMAN LIMITED |
|
Address
|
224
THE GLADES SHOPPING CENTRE, HIGH STREET, BROMLEY, KENT, BR1 1DN. |
|
Telephone
|
020
82905793 |
|
Web
Address |
www.janenorman.co.uk |
Creditline Recommendations
|
Monthly
Credit Guide |
GBP 475,000 |
|
Risk
Category |
LOW RISK |
Official Company Data
|
Legal Form |
Private Limited |
|
Registration Number |
00514294 |
|
VAT Number |
GB239052077 |
|
Date of Incorporation |
17/12/1952 |
|
Registered Office |
165 QUEEN VICTORIA STREET, LONDON, EC4V 4DD. |
|
History |
11/06/2003 : The Registered Office address changed from 153 OXFORD
STREET, LONDON, W1D 2JQ. |
|
|
13/03/2003 : The Registered Office address changed from 21 BEDFORD
SQUARE, LONDON, WC1B 3HH. |
|
|
31/08/1996 : The Registered Office address changed from RUSSELL SQUARE
HOUSE,, 10/12., RUSSELL SQUARE. |
|
Date of Last Annual Return to Registry |
19/02/2006 |
|
Accounts |
The last filed accounts at Companies House are those to 02/04/2005 |
|
Accounting Reference Date |
31/03 |
Operations
|
Activities |
Retailers The retail of ladieswear and accessories. |
|
Nace Code |
5242 |
|
Premises |
Owned,Offices,Shop |
|
Staff Employed |
735 |
|
Import Countries |
No Import Activity |
|
Export Countries |
No Export Activity |
|
Bankers |
BANK OF SCOTLAND |
|
Address |
LONDON 38 THREADNEEDLE ST. |
|
Sort Code |
120103 |
|
Auditors |
KPMG LLP |
|
Branches |
36 ARIEL WAY LONDON W12, 59 BROMPTON ROAD SW3, 19 HIGH ROAD N22, 18
RIVERDALE SE13. |
|
|
262 OXFORD STREET W1, 388 OXFORD STREET W1. |
Historical Rating
|
Date |
Rating |
Monthly Credit Guide |
|
24/11/2006 |
2A |
475,000 |
|
24/08/2006 |
2B |
301,000 |
|
24/05/2006 |
2A |
463,000 |
|
24/02/2006 |
2A |
400,000 |
|
24/11/2005 |
S |
125,000 |
Public Record Information
|
Summary of
CCJ's/Scottish Decrees |
|
Period |
Last 72 Months |
Last 36 Months |
Last 18 Months |
|
Amount Summary |
105 |
105 |
105 |
|
Count Summary |
1 |
1 |
1 |
|
Unsettled Amount Summary |
105 |
105 |
105 |
|
Details of the most recent CCJ's/Scottish Decrees |
|
Date |
Amount |
Type |
Case No |
Satisfied |
Court |
|
05/10/2005 |
105 |
Judgment |
5CK01964 |
|
CLERKENWELL |
|
Summary of
Mortgages, Charges and Satisfactions |
|
Total Number of Mortgages/Charges Registered |
6 |
|
Number Outstanding |
1 |
|
Number Partially Satisfied |
0 |
|
Number Satisfied |
5 |
|
|
|
|
Date of Latest Mortgage Created |
28/07/2005 |
|
Date of Latest Satisfaction |
06/08/2005 |
|
Details of most
recent Mortgages, Charges and Satisfactions |
|
Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
|
08/03/1988 |
11/08/2005 |
28/07/2005 |
Debenture |
395 |
Kaupthing Bank Hf As Security Trustee For The Secured Partie |
|
06/08/2005 |
31/07/2004 |
29/06/2004 |
A Standard Security Which Was Presented For Registration In
Scotland.... |
395 |
The Governor And Company Of The Bank Of Scotland |
|
06/08/2005 |
21/07/2004 |
16/07/2004 |
A Debenture (Supplemental To A Composite Guarantee And Ebenture.... |
395 |
The Governor And Company Of The Bank Of Scotland |
|
06/08/2005 |
16/01/2003 |
13/01/2003 |
Composite Guarantee And Debenture |
395 |
The Governor And Company Of The Bank Of Scotland |
|
24/12/1994 |
12/08/1991 |
01/08/1991 |
Legal Charge |
N/A |
E. Green |
|
08/03/1988 |
|
21/10/1971 |
Legal Charge |
N/A |
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Other Filings and Notices
|
Date |
Source |
Description |
|
11/02/2006 |
Companies House Gazette |
Change among the directors of a company |
|
04/02/2006 |
Companies House Gazette |
Change among the directors of a company |
|
08/10/2005 |
Companies House Gazette |
Change among the directors of a company |
|
11/08/2005 |
Companies House Gazette |
Change among the directors of a company |
|
14/07/2004 |
Companies House Gazette |
Change among the directors of a company |
|
10/01/2004 |
Companies House Gazette |
Change among the directors of a company |
|
14/11/2003 |
Companies House Gazette |
Change among the directors of a company |
|
14/10/2003 |
Companies House Gazette |
Change among the directors of a company |
|
13/02/2003 |
Companies House Gazette |
Change among the directors of a company |
|
15/01/2003 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
17/01/1995 |
Companies House Gazette |
Change among the directors of a company |
|
02/11/1994 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
18/07/1991 |
Companies House Gazette |
Change among the directors of a company |
|
02/03/1988 |
Companies House Gazette |
Documents delivered by a company under section 241 (annual accounts) |
Company Secretary
|
Secretary |
IAN FINDLAY |
|
Address |
4 SPENCER COURT, 14 SPENCER PLACE, LONDON, N1 2AX. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
10/04/1959 |
|
Appointment Date |
13/01/2003 |
|
Other Directorships |
JANE NORMAN (HOLDINGS) LIMITED, JN GROUP LIMITED, JN FINANCE
LIMITED, JN ACQUISITIONS LIMITED |
directors
|
Managing Director |
GUNNAR SIGURDSSON |
|
Address |
4 GREENLINK WALK, KEW RIVERSIDE, RICHMOND UPON THAMES, LONDON, TW9
4AF. |
|
Country of Origin |
ICELAND |
|
Date of Birth |
09/11/1969 |
|
Appointment Date |
27/07/2005 |
|
Other Directorships |
PACIFIC SHELF 1313 LIMITED, JULIAN GRAVES LIMITED, BOATERS
COFFEE CO. LIMITED, BAUGUR UK LIMITED, JANE NORMAN (HOLDINGS)
LIMITED, PYLE LIMITED, MOSAIC FASHIONS LIMITED, BARNEY
HOLDINGS LIMITED, GOLDSMITHS GROUP LIMITED, GIANT TOPCO
LIMITED, GIANT PROPERTY CONSORTIUM LIMITED, ICE ACQUISITIONS
LIMITED, ICEBOX HOLDINGS LIMITED, ICEBOX MIDCO LIMITED, GIANT
MIDCO LIMITED, GIANT BIDCO LIMITED, LXB SMALLCO LIMITED, W F
GROUP HOLDINGS LIMITED, W F GROUP LIMITED, JN GROUP
LIMITED, JN FINANCE LIMITED, JN ACQUISITIONS LIMITED, G3K
LIMITED, JAVA ACQUISITIONS LIMITED, HIGHLAND ACQUISITIONS
LIMITED, HIGHLAND GROUP HOLDINGS LIMITED |
|
|
|
|
Address |
384 HIGH STREET, LONDON COLNEY, ST ALBANS, HERTFORDSHIRE, AL2 1HN. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
21/02/1977 |
|
Appointment Date |
31/01/2006 |
|
|
|
|
Address |
2ND FLOOR, 4A ELGIN CRESCENT, LONDON, W11 2HX. |
|
Country of Origin |
HUNGARY |
|
Date of Birth |
18/09/1973 |
|
Appointment Date |
13/09/2005 |
|
Other Directorships |
NORTHWORLD LIMITED, NORTHWORLD INVESTMENTS LIMITED, JANE
NORMAN (HOLDINGS) LIMITED, CORPORAL LIMITED, LEAR HOLDINGS
LIMITED, LEAR ACQUISITIONS LIMITED, LEAR TRUSTEES LIMITED, JN
GROUP LIMITED, JN FINANCE LIMITED, JN ACQUISITIONS
LIMITED, CRIMINAL LIMITED, G3K LIMITED |
|
|
|
|
Address |
34A DIAMOND ROAD, WATFORD, HERTFORDSHIRE, WD24 5EW. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
23/02/1979 |
|
Appointment Date |
31/01/2006 |
|
Other Directorships |
JANE NORMAN (HOLDINGS) LIMITED, LAUREL PUB EQUITY HOLDINGS
LIMITED, PUMPSTER PROPERTY LIMITED, PUMPSTER PROPERTY HOLDINGS
LIMITED, YATES PROPCO LIMITED, YATES PROPCO NO.2 (HUDDERSFIELD)
LIMITED, JN GROUP LIMITED, JN FINANCE LIMITED, JN ACQUISITIONS
LIMITED, S&L PROPCO LIMITED, COSTCUTTER SUPERMARKETS HOLDINGS
LIMITED, PUMPSTER HOLDCO LIMITED, PUMPSTER PROPERTY NO2
LIMITED, YS&L HOLDCO LIMITED, PUMPSTER PROPERTY ACQUISITIONS
LIMITED |
|
|
|
|
Address |
WOODLAND COTTAGE, HUDNALL COMMON, LITTLE GADDESDEN, HERTFORDSHIRE, HP4
1QW. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
03/06/1967 |
|
Appointment Date |
13/09/2005 |
|
Other Directorships |
VIOLET EQUITYCO LIMITED, JANE NORMAN (HOLDINGS)
LIMITED, LAUREL PUB EQUITY HOLDINGS LIMITED, PUMPSTER PROPERTY
LIMITED, PUMPSTER PROPERTY HOLDINGS LIMITED, YATES PROPCO
LIMITED, YATES PROPCO NO.2 (HUDDERSFIELD) LIMITED, JN GROUP
LIMITED, JN FINANCE LIMITED, JN ACQUISITIONS LIMITED, S&L
PROPCO LIMITED, COSTCUTTER SUPERMARKETS HOLDINGS LIMITED, PUMPSTER
HOLDCO LIMITED, PUMPSTER PROPERTY NO2 LIMITED, PUMPSTER PROPERTY
ACQUISITIONS LIMITED |
|
|
|
|
Address |
32 HAREFIELD AVENUE, CHEAM, SM2 7NE. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
14/07/1964 |
|
Appointment Date |
30/06/2004 |
|
|
|
|
Address |
44 STANHOPE GARDENS, LONDON, N6 5TS. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
12/11/1974 |
|
Appointment Date |
23/09/2003 |
|
|
|
|
Address |
87 PARK ROAD, TEDDINGTON, TW11 0AW. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
26/03/1970 |
|
Appointment Date |
23/09/2003 |
|
|
|
|
Address |
4 SPENCER COURT, 14 SPENCER PLACE, LONDON, N1 2AX. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
10/04/1959 |
|
Appointment Date |
13/01/2003 |
|
Other Directorships |
JANE NORMAN (HOLDINGS) LIMITED, JN GROUP LIMITED, JN FINANCE
LIMITED, JN ACQUISITIONS LIMITED |
|
|
|
|
Address |
8 WOODLANDS, POUND HILL, CRAWLEY, WEST SUSSEX, RH10 3DL. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
06/05/1960 |
|
Appointment Date |
05/01/2004 |
|
Other Directorships |
P.J.B. COMPUTING LIMITED |
|
|
|
|
Address |
2 GROSVENOR GARDENS, WOODFORD GREEN, ESSEX, IG8 0BE. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
22/11/1947 |
|
Appointment Date |
12/12/1994 |
|
Other Directorships |
JANE NORMAN (HOLDINGS) LIMITED, JN GROUP LIMITED, JN FINANCE
LIMITED, JN ACQUISITIONS LIMITED |
Share Capital
|
Shares |
Ordinary GBP 1.00 |
|
Issued Number |
800 |
|
Principal Shareholder |
800 Jane Norman (Holdings) Ltd |
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
|
Holding Company |
JANE NORMAN (HOLDINGS) LIMITED |
|
Ultimate Parent |
JANE NORMAN (HOLDINGS) LIMITED |
|
Payment Analysis |
|
Invoice Experience |
|
The data below represents how the subject has been trading with its
suppliers, at an invoice level, over the last 12 months. Any invoice in the
tables below that is currently open/outstanding will also be included in the
aged debt analysis. |
|
Experiences Last 4 Quarters |
|
|
Past due in days (%) |
|||||
|
Amount |
Number |
Within Terms |
<30 |
<60 |
<90 |
>90 |
|
Over 25,000 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
|
20,000 to 24,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
|
15,000 to 19,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
|
10,000 to 14,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
|
5,000 to 9,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
|
Less than 5,000 GBP |
2 |
100.000 |
0 |
0 |
0 |
0 |
|
Invoice Experience |
|
The following 2 tables represent invoices to show trends in payment
performance. The first show invoices in percent by quarter and the second
represents the Graydon Payment score compared to industry for the last 6
months. |
|
Payment Analysis in Percent per Quarter |
|
|
Quarter |
|||
|
Payments Made |
1/2006 |
2/2006 |
3/2006 |
4/2006 |
|
According to terms |
100 |
100 |
0 |
0 |
|
Up to 30 days late |
0 |
0 |
0 |
0 |
|
30 to 60 days late |
0 |
0 |
0 |
0 |
|
60 to 90 days late |
0 |
0 |
0 |
0 |
|
Over 90 days late |
0 |
0 |
0 |
0 |
|
Payment Scores Last 6 Months-Compared to Industry |
|
Month |
5/2006 |
6/2006 |
7/2006 |
8/2006 |
9/2006 |
10/2006 |
|
Company |
0 |
8.0 |
0 |
0 |
0 |
0 |
|
Lower Quartile |
7.0 |
7.0 |
7.0 |
7.2 |
8.0 |
8.0 |
|
Median |
7.7 |
7.9 |
8.0 |
8.0 |
8.0 |
8.0 |
|
Upper Quartile |
8.0 |
8.0 |
8.0 |
8.0 |
8.0 |
8.0 |
|
Payment scores range between 1.0 and 8.0. An 8.0 is a perfect score
achieved through payment of all invoices according to terms. This information
should be used in conjunction with other aspects of this report. A 0 score
indicates no payment experiences recorded for that month. |
Financial Data
|
For
annual accounts images, view the |
|
Profit
and Loss |
|
The
following figures are shown in units of 1000 |
|
Number
of Weeks |
53 |
52 |
52 |
52 |
|
Accounts
Date |
02/04/2005 |
27/03/2004 |
29/03/2003 |
30/03/2002 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
SALES |
70675 |
52631 |
49679 |
43778 |
|
Cost
of goods sold |
26773 |
20726 |
18850 |
16052 |
|
GROSS
PROFIT |
43902 |
31905 |
30829 |
27726 |
|
Wages
and Salaries |
9507 |
6853 |
8161 |
5614 |
|
Directors
Emoluments |
978 |
513 |
2529 |
1249 |
|
Auditors
Fees |
41 |
35 |
35 |
30 |
|
Non-Audit
Fees |
53 |
31 |
210 |
5 |
|
Trading
Profit |
14388 |
9790 |
9582 |
10560 |
|
Depreciation |
2040 |
1546 |
1175 |
1103 |
|
OPERATING
PROFIT |
12348 |
8244 |
8407 |
9457 |
|
Non
Trading Income |
253 |
155 |
225 |
318 |
|
PRE
TAX PROFIT |
12601 |
8399 |
8632 |
9775 |
|
Taxation |
(222) |
2929 |
2715 |
3041 |
|
PROFIT
AFTER TAX |
12823 |
5470 |
5917 |
6734 |
|
Dividends
Payable |
5581 |
5373 |
4787 |
6000 |
|
RETAINED
PROFITS |
7242 |
97 |
1130 |
734 |
|
Balance
Sheet |
|
The
following figures are shown in units of 1000 |
|
Number
of Weeks |
53 |
52 |
52 |
52 |
|
Accounts
Date |
02/04/2005 |
27/03/2004 |
29/03/2003 |
30/03/2002 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
TOTAL
FIXED ASSETS |
9179 |
6898 |
4734 |
4452 |
|
Tangible
Assets |
9179 |
6898 |
4734 |
4452 |
|
Fixed
Assets |
9179 |
6898 |
4734 |
4452 |
|
TOTAL
CURRENT ASSETS |
15235 |
8673 |
8702 |
15064 |
|
Trade
debtors |
2451 |
1027 |
979 |
539 |
|
Stocks |
4644 |
2307 |
1612 |
1378 |
|
Other
Current Assets |
8140 |
5339 |
6111 |
13147 |
|
Misc
Current Assets |
2102 |
1893 |
1410 |
1195 |
|
Due
From Group |
316 |
|
|
|
|
Cash |
5722 |
3446 |
4701 |
11952 |
|
TOTAL
ASSETS |
24414 |
15571 |
13436 |
19516 |
|
TOTAL
CURRENT LIABILITIES |
6277 |
5214 |
3603 |
10775 |
|
Trade
creditors |
3512 |
1311 |
754 |
972 |
|
Other
Liabilities |
2765 |
3903 |
2849 |
9803 |
|
WORKING
CAPITAL |
8958 |
3459 |
5099 |
4289 |
|
TOTAL
LONG TERM LIABS |
1250 |
712 |
285 |
323 |
|
Other
Liabilities |
1250 |
712 |
285 |
323 |
|
NET
ASSETS/(LIABILITIES) |
16887 |
9645 |
9548 |
8418 |
|
SHARE
CAPITAL + RESERVES |
16887 |
9645 |
9548 |
8418 |
|
Share
Cap + Sundry Res |
8 |
8 |
8 |
8 |
|
Issued
Share Capital |
1 |
1 |
1 |
1 |
|
Sundry
Reserves |
7 |
7 |
7 |
7 |
|
Profit
and Loss account |
16879 |
9637 |
9540 |
8410 |
|
SHAREHOLDERS
FUNDS |
16887 |
9645 |
9548 |
8418 |
|
CAPITAL
EMPLOYED |
18137 |
10357 |
|
|
|
Financial Comparison |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
53 |
52 |
52 |
52 |
|
Accounts Date |
02/04/2005 |
27/03/2004 |
29/03/2003 |
30/03/2002 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Net Cashflow from Oper. |
|
|
|
11395 |
|
Increase in Cash |
|
|
|
6213 |
|
Directors Remuneration |
978 |
513 |
2529 |
1249 |
|
Auditors Remuneration |
41 |
35 |
35 |
30 |
|
Liquid Assets |
8173 |
4473 |
5680 |
12491 |
|
Net Working Capital |
8958 |
3459 |
5099 |
4289 |
|
Other Deferred Liabs |
1250 |
712 |
285 |
323 |
|
Tangible Net Worth(T.N.W) |
16887 |
9645 |
9548 |
8418 |
|
Equity |
16887 |
9645 |
9548 |
8418 |
|
Number of Years Trading |
53 |
52 |
51 |
50 |
|
Number of Employees |
735 |
600 |
492 |
438 |
|
Profit per Employee |
17144.2 |
13998.3 |
17544.7 |
22317.4 |
|
Sales per Employee |
96156.5 |
87718.3 |
100973.6 |
99949.8 |
|
Key Credit Ratios |
|
The following figures are shown as Ratios or Percentages |
|
Accounts Date |
02/04/2005 |
27/03/2004 |
29/03/2003 |
30/03/2002 |
|
Current Ratio |
2.4 |
1.7 |
2.4 |
1.4 |
|
Pre Tax Profit Margin% |
17.8 |
16 |
17.4 |
22.3 |
|
Gross Profit% |
62.1 |
60.6 |
62.1 |
63.3 |
|
Debtors Days (D.S.O) |
13 |
7 |
7 |
4 |
|
Creditors Days (D.P.O) |
18 |
9 |
6 |
8 |
|
Quick Ratio |
1.7 |
1.2 |
2 |
1.3 |
|
W.I.P/Inventory Days |
63.3 |
40.6 |
31.2 |
31.3 |
|
Return on Investment% |
69.5 |
81.1 |
87.8 |
111.8 |
|
Return on Assets% |
51.6 |
53.9 |
64.2 |
50.1 |
|
T.N.W/Total Assets% |
69.2 |
61.9 |
71.1 |
43.1 |
|
Return on Capital% |
69.5 |
81.1 |
87.8 |
111.8 |
|
Rtn on Shareholders Funds% |
74.6 |
87.1 |
90.4 |
116.1 |
|
Working Capital/Sales% |
12.7 |
6.6 |
10.3 |
9.8 |
|
Equity Gearing% |
224.4 |
162.8 |
245.6 |
75.9 |
|
Stock Turnover |
15.2 |
22.8 |
30.8 |
31.8 |
|
Days Purchases Outstanding |
47.9 |
23.1 |
14.6 |
22.1 |
|
Key Industry Sector Trends |
|
Year |
2006 |
2005 |
2004 |
2003 |
|
Sample Size |
5645 |
29814 |
30539 |
26386 |
|
Pre-Tax Profit Margin |
5.5 |
2.8 |
3.2 |
2.5 |
|
Current Ratio |
1.6 |
1.3 |
1.3 |
1.3 |
|
Borrowing Ratio |
18.7 |
17.2 |
19 |
29.5 |
|
Return on Capital |
46.2 |
48.3 |
54.2 |
42.1 |
|
Creditors Days |
42 |
61 |
59 |
68 |
|
Above figures relate to companies in 1992 Standard Industry
Classification (Nace) sector : Other retail sale of new goods in specialized
stores |
Financial Summary
|
Auditors
Qualification |
|
The Auditors have expressed a clean opinion (i.e. unqualified with no
referrals) on the accounts for the period ended 2/04/2005. |
|
Turnover |
|
Turnover increased by 34 % in the period and now totals GBP
70,675,000. |
|
Operating Profit |
|
Totaled GBP 12,348,000. In the year prior a Profit of GBP 8,244,000
was achieved. |
|
Pre Tax Profit |
|
The subject's profit increased by 50 % in the year. |
|
Working Capital |
|
The company's working capital has increased by 159 % in the period. |
|
Net Worth |
|
Net worth has increased by 75 % and now stands at GBP 16,887,000. |
|
Fixed Assets |
|
The subject's fixed assets increased during the year by GBP 2,281,000
to GBP 9,179,000 and are now 37 % of total assets compared with 44 % in the
previous year. |
|
Long Term
Liabilities |
|
The company's long term liabilities increased during the period by 75%
and are now 7 % of net worth compared with 7 % in the previous period. |
|
Long Term
Liabilities |
|
Long term liabilities are now 5 % of total liabilities compared with 5
% in the previous period. |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|