MIRA
INFORM REPORT
|
Report Date : |
23.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
THE FIELDING GROUP LTD |
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Registered Office : |
Tfg Ho, Eyncourt Rd Woodside Est, Dunstable LU5 4TS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
01/05/1973 |
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Com. Reg. No.: |
01111055 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Fashion leisurewear importers |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
THE FIELDING GROUP LTD |
|
Holding Company |
Monitane Holdings Ltd |
|
Trading Address |
T F G HO, EYNECOURT RD,WOODSIDE ESTATE,DUNSTABLE,LU5 4TS |
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Telephone |
01582-632300 |
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Risk Score |
High Risk! - This company's Credit Limit should be regarded
as an absolute limit and may require some form of guarantee |
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Credit Limit |
GBP 2,300 |
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|
Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 2,300 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
|
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|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
01111055 |
|
Date of Incorporation |
01/05/1973 |
|
Registered Office |
Tfg Ho, Eyncourt Rd Woodside Est, Dunstable LU5 4TS |
|
Date of Last Annual Return to Registry |
18/01/2007 |
|
Activities |
Fashion leisurewear importers |
|
Accounts |
The last filed accounts cover the period to 31/03/2006 |
Recently Filed
Documents
Details of the most recent documents
|
Date
Received |
Description |
|
18/01/2007 |
Annual Return |
|
31/03/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
|
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Occupation |
COMPANY DIRECTOR |
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|
Address |
23, HAZELWOOD , LOUGHTON , ESSEX
, IG10 4ET |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
12/12/1955 |
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|
Appointment Date |
28/01/1992 |
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|
Other Appointments |
THE FIELDING GROUP LIMITED, UNIDOOR KIDS
LIMITED, FIELDING MANUFACTURING LIMITED, MONITANE
LIMITED, MONITANE EBT LIMITED, MONITANE HOLDINGS LIMITED |
|
|
DIRECTOR |
|
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Occupation |
COMPANY DIRECTOR |
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|
Address |
MANOR HILL , COTTAGE GALLEY LANE GREAT BRICKHILL
, MILTON KEYNES , MK17 9AB |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
27/08/1958 |
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|
Appointment Date |
05/04/1993 |
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|
Other Appointments |
THE FIELDING GROUP LIMITED, CRITICAL DETAILS
LTD, MONITANE HOLDINGS LIMITED |
|
|
DIRECTOR |
|
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|
Occupation |
COMPANY DIRECTOR/WAREHOUSING |
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|
Address |
9, BANKSIDE CLOSE HOUGHTON RGIS , DUNSTABLE
, BEDS , LU5 6JP |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
15/02/1950 |
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|
Appointment Date |
01/04/1995 |
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Other Appointments |
THE FIELDING GROUP LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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|
Address |
14, HARFORD WALK , LONDON , N2 0JB |
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Country of Origin |
BRITISH |
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|
Date of Birth |
09/01/1964 |
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|
Appointment Date |
01/04/1995 |
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|
Other Appointments |
DOMINEX LIMITED, THE FIELDING GROUP
LIMITED, MOZAIK LIMITED, UNIDOOR DISTRIBUTION SERVICES
LIMITED, J4 LIMITED, UNIDOOR KIDS LIMITED, FIELDING
MANUFACTURING LIMITED, MONITANE LIMITED, FIELDING
LIMITED, MONITANE EBT LIMITED, UNIDOOR MANUFACTURING
LIMITED, MONITANE HOLDINGS LIMITED |
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|
DIRECTOR |
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|
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Occupation |
CHIEF EXECUTIVE |
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|
Address |
THE HALL HOUSE , BROAD OAK END , HERTFORD
, SG14 2JA |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
29/08/1962 |
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|
Appointment Date |
09/09/1996 |
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|
Other Appointments |
DOMINEX LIMITED, THE FIELDING GROUP
LIMITED, MOZAIK LIMITED, UNIDOOR DISTRIBUTION SERVICES
LIMITED, J4 LIMITED, UNIDOOR KIDS LIMITED, FIELDING
MANUFACTURING LIMITED, MONITANE LIMITED, FIELDING
LIMITED, MONITANE EBT LIMITED, UNIDOOR MANUFACTURING
LIMITED, THUMBPRINT ENTERPRISES LIMITED, MONITANE HOLDINGS LIMITED |
|
|
DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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|
Address |
6, CARY WALK , RADLETT , HERTS
, WD7 8AP |
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Country of Origin |
BRITISH |
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|
Date of Birth |
01/06/1959 |
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|
Appointment Date |
09/10/1998 |
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|
Other Appointments |
THE FIELDING GROUP LIMITED, MOZAIK
LIMITED, UNIDOOR KIDS LIMITED, FIELDING MANUFACTURING
LIMITED, MONITANE LIMITED, FIELDING LIMITED, MICHAEL WOLFF
AGENCIES LIMITED, UNIDOOR MANUFACTURING LIMITED, MONITANE HOLDINGS
LIMITED |
|
|
SECRETARY |
MR PAUL LANDE |
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|
Address |
14 HARFORD WALK, , LONDON , N2 0JB |
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Country of Origin |
BRITISH |
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Date of Birth |
09/01/1964 |
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|
Appointment Date |
07/12/2005 |
Recently Resigned
Directors (last 3)
|
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|
DIRECTOR |
PETER JOHN SMITH |
|
Address |
27 , FOWLMERE ROAD , ROYSTON , HERTS
, - - |
|
Date of Birth |
27/02/1934 |
|
Resignation Date |
30/03/2001 |
|
DIRECTOR |
PAUL M ROSTON |
|
Address |
FERNWORTHY BRIDLE LANE , RICKMANSWORTH , HERTS
, - - |
|
Date of Birth |
26/09/1968 |
|
Resignation Date |
21/12/1998 |
|
DIRECTOR |
ROBERT ROSTON |
|
Address |
EASTWAY COTTAGE , EAST END WAY , PINNER
, MIDDX , - - |
|
Date of Birth |
06/01/1963 |
|
Resignation Date |
21/12/1998 |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
|
|
|
Total Registered |
15 |
|
Total Outstanding |
3 |
|
Total Satisfied |
12 |
|
Most Recent Mortgage |
31/10/2006 |
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Date Registered |
01/11/2006 |
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Type |
395 |
|
Date Created |
31/10/2006 |
|
Lender |
RBS INVOICE FINANCE LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
|
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 THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
29/10/2003 |
|
Type |
395 |
|
Date Created |
10/10/2003 |
|
Lender |
3I GROUP PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
|
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 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
25/06/1997 |
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Type |
395 |
|
Date Created |
20/06/1997 |
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Lender |
NATIONAL WESTMINSTER BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND
LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING
CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
17/06/1988 |
|
Type |
9999 |
|
Date Created |
31/05/1988 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
F/H 137 & 139 ESSEX ROAD C 9 AND 10 ASTEY'S ROW LONDON
N1 T/NO LN 147838 8 ASHTEY'S ROW LONDON N1. T/NO. T/NO. LN 170564 A SPECIFIC
EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE
PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE
BENEFITS OF ANY LICENCES UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
07/06/1988 |
|
Type |
9999 |
|
Date Created |
31/05/1988 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
F/H PROPERTIES KNOWN AS 137 AND 139 ESSEX ROAD AND 9 AND
10 ASTEY'S ROW LONDON N1 TITLE NO LN 147838 AND 8 ASTEY'S ROW, LONDON N1
TITLE NO - 170564 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/06/1985 |
|
Type |
9999 |
|
Date Created |
13/06/1985 |
|
Lender |
A. P. BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LEGAL MORTGAGE ALL F/HOLD AND L/HOLD PROPERTY WITH ALL BUILDINGS
FIXTURES (INCLUDING TRADE FIXTURES) FIXED, PLANT AND MACHINERY. A SPECIFIC
EQUITABLE CHARGE OVER ALL FUTURE F/HOLD AND L/HOLD PROPERTY BUILDINGS
FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT MACHINERY GOODWILL AND
UNCALLED CAPITAL INCLUDING BOOK DEBTS AND OTHER DEBTS FLOATING CHARGE OVER
UNDER TAKING PROPERTY ASSETS AND RIGHTS BOTH PRESENT AND FUTURE. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/06/1985 |
|
Type |
9999 |
|
Date Created |
13/06/1985 |
|
Lender |
A. P BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LEGAL MORTGAGE OVER 137 AND 139 ESSEX ROAD, ISLINGTON N1
TITLE NO LN 147838 AND 8, 9, AND 10 ASTEYS ROW ISLINGTON N1 TITLE NO LN
170564 FLOATING CHARGE OVER ALL MOVABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
24/03/1983 |
|
Type |
9999 |
|
Date Created |
22/03/1983 |
|
Lender |
P. S. REFSON & CO LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
SPECIFIC EQUITABLE CHARGE OVER ALL F/HOLD AND E/HOLD
PROPERTY. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT AND MACHINERY |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
28/03/1974 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
12/07/1979 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
22/03/1983 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
31/05/1988 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
31/05/1988 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
13/05/1985 |
|
Satisfied? |
Fully |
|
|
|
|
Date Created |
13/06/1985 |
|
Satisfied? |
Fully |
Public Record
Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Fashion leisurewear importers |
|
Sic Code |
Description |
|
5142 |
Wholesale of clothing and footwear |
|
5142 |
Wholesale of clothing and footwear |
|
Staff Employed |
179 |
|
Auditors |
Grant Thornton UK LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
National Westminster Bank Plc 4 High Street North |
|
Sort Codes |
600708 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
32,663 |
28,518 |
24,984 |
27,456 |
|
Export Sales |
2,149 |
648 |
|
|
|
Other operating income |
518 |
247 |
311 |
288 |
|
Cost of goods sold |
29,834 |
23,980 |
21,118 |
23,591 |
|
GROSS PROFIT |
2,829 |
4,538 |
3,866 |
3,865 |
|
General administration costs (-) |
6,851 |
4,866 |
4,985 |
4,935 |
|
Wages and Salaries |
5,510 |
3,888 |
3,838 |
3,716 |
|
Depreciation |
361 |
403 |
464 |
514 |
|
Net Operating Profit(Loss) |
-3,504 |
-81 |
-808 |
-782 |
|
Non Trading Income |
5 |
5 |
|
|
|
Group Non Trading Income |
186 |
3,852 |
120 |
1,144 |
|
Other financial income |
52 |
86 |
1,000 |
50 |
|
Total Non Trading Income |
243 |
3,938 |
1,120 |
1,199 |
|
Interest expenses & similar (-) |
251 |
408 |
251 |
288 |
|
Other financial charges |
247 |
1,013 |
|
|
|
Financial Expenses |
498 |
1,421 |
251 |
288 |
|
PRE TAX PROFIT |
-3,759 |
2,436 |
61 |
129 |
|
Other Taxation |
-28 |
-54 |
-138 |
-212 |
|
Taxation |
-14 |
14 |
0 |
0 |
|
PROFIT AFTER TAX |
-3,717 |
2,476 |
199 |
341 |
|
Net Loss |
3,717 |
|
|
|
|
Dividends Payable |
3,500 |
0 |
0 |
0 |
|
RETAINED PROFITS |
2,476 |
199 |
341 |
|
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
1,308 |
1,625 |
3,127 |
3,393 |
|
Plant, machinery & equipment |
695 |
873 |
1,092 |
1,219 |
|
Intermediate Assets |
228 |
228 |
1,370 |
1,370 |
|
Intangible Assets |
385 |
524 |
665 |
804 |
|
TOTAL CURRENT ASSETS |
9,838 |
9,059 |
7,293 |
8,370 |
|
Stocks |
1,511 |
1,357 |
1,132 |
1,713 |
|
Trade Debtors |
3,704 |
2,259 |
2,507 |
1,624 |
|
Other Receivables |
883 |
1,307 |
418 |
113 |
|
Prepaid expenses |
215 |
168 |
161 |
195 |
|
Group Loans |
3,147 |
3,954 |
3,068 |
4,441 |
|
Cash |
312 |
14 |
7 |
284 |
|
Tax Recoverable |
66 |
|
|
|
|
TOTAL ASSETS |
11,146 |
10,684 |
10,420 |
11,763 |
|
TOTAL CURRENT LIABILITIES |
12,575 |
4,887 |
7,015 |
8,623 |
|
Trade Creditors |
3,261 |
1,155 |
700 |
591 |
|
Bank Overdraft |
3,689 |
2,454 |
910 |
1,964 |
|
Other Current Liabilities |
848 |
215 |
931 |
1,403 |
|
Due From Group |
3,502 |
3,710 |
3,900 |
|
|
Accruals & deferred income |
1,275 |
1,063 |
764 |
591 |
|
WORKING CAPITAL |
-2,737 |
4,172 |
278 |
-253 |
|
TOTAL LONG TERM LIABS |
0 |
9 |
93 |
27 |
|
NET ASSETS/(LIABILITIES) |
-1,429 |
5,797 |
3,405 |
3,140 |
|
SHARE CAPITAL + RESERVES |
-1,429 |
5,788 |
3,312 |
3,113 |
|
Share Premium Accounts |
5 |
5 |
5 |
5 |
|
Profit and Loss account |
-1,434 |
5,783 |
3,307 |
3,108 |
|
SHAREHOLDERS FUNDS |
-1,429 |
5,788 |
3,312 |
3,113 |
|
CAPITAL EMPLOYED |
-1,429 |
5,797 |
3,405 |
3,140 |
|
TANGIBLE NET WORTH |
-1,814 |
5,264 |
2,647 |
2,309 |
|
Key Credit Ratios |
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Current Ratio |
0.78 |
1.85 |
1.04 |
0.97 |
|
Profit Before Tax |
-0.12 |
0.09 |
0.00 |
0.00 |
|
Creditors Days (D.P.O) |
39.90 |
17.58 |
12.10 |
9.14 |
|
Quick Ratio |
- |
- |
- |
- |
|
Return on Assets |
-35.69 |
24.53 |
0.73 |
1.35 |
|
T.N.W/Total Assets |
-0.16 |
0.49 |
0.25 |
0.20 |
|
Return on Capital |
1.84 |
0.48 |
0.04 |
0.13 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
- |
5.85 |
0.28 |
0.86 |
Financial Summary
|
Turnover |
Turnover increased by more than 15% in the period. Turnover
totalled GBP 32,663,000 for the period. |
|
Operating Loss |
Totalled GBP -3,504,000 In the period prior a loss
of GBP 81,000 was achieved. |
|
Pre Tax |
The subject made a loss of GBP 3,759,000 compared
with a profit of GBP 2,436,000 in the previous period. |
|
Working Capital |
The company's working capital deficiency increased in the
period and now stands at GBP 2,737,000 |
|
Tangible Net Worth |
Net worth reduced by 7,078,000 during the period and now
stands at GBP -1,814,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
178,000 to GBP 695,000 and are now 6% of total assets compared
with 8% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 19% and are now -70% of net worth compared with 20% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 11% of total assets compared
with 10% 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 |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)