MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CARCLO TECHNICAL PLASTIC LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
07.08.1995 |
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Com. Reg. No.: |
0308344 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Precision Injection Moulders |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
Company
Identification Details
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Subject Reported on |
CARCLO TECHNICAL PLASTICS LIMITED |
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Holding Company |
CARCLO P L C |
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Ultimate Holding Company |
CARCLO P L C |
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Trading Address |
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Telephone |
01501-751447 |
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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 20,700 |
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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 20,700 |
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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) |
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Registration Number |
03088344 |
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Date of Incorporation |
07/08/1995 |
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Registered Office |
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Date of Last Annual Return to Registry |
07/08/2006 |
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Activities |
Precision injection moulders |
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Accounts |
The last filed accounts cover the period to 31/03/2006 and
were filed on 05/02/2007 |
Recently Filed
Documents
Details of the most recent documents
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Date Received |
Description |
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07/08/2006 |
Annual Return |
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31/03/2006 |
Financial Statement / Set of Accounts |
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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 |
DIRECTOR |
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Address |
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Country of Origin |
BRITISH |
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Date of Birth |
27/03/1951 |
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Appointment Date |
22/06/1998 |
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Other Appointments |
FAIRBANK BREARLEY LIMITED, CTP MOULDED GEARS LIMITED, BIRKETT
CUTMASTER LIMITED, HORSFALL & BICKHAM LIMITED, CTP WIPAC
LIMITED, CTP WHITE KNIGHT LIMITED, CTP ALAN LIMITED, SMITH
WIRES LIMITED, STATION ROAD (UK) LIMITED, CTP SILLECK
LIMITED, CRITCHLEY, SHARP & TETLOW LIMITED, ACRE MILLS (UK)
LIMITED, CTP LICHFIELD LIMITED, CARCLO TECHNICAL PLASTICS (SLOUGH)
LIMITED, CARCLO PLC, CARCLO GROUP SERVICES LIMITED, BRUNTONS
AERO PRODUCTS LIMITED, CARCLO TECHNICAL PLASTICS (MITCHAM)
LIMITED, FINEMOULDS LIMITED, FINESPARK (HORSHAM) LIMITED, K.A.S.
PRECISION ENGINEERING LIMITED, CARCLO TECHNICAL PLASTICS
LIMITED, CTP PRECISION TOOLING LIMITED, CONDUCTIVE INKJET
TECHNOLOGY LIMITED, CARCLO HOLDING LIMITED, CARCLO US FINANCE
NO.2, CTP SILLECK SCOTLAND LIMITED, BRUNTONS (MUSSELBURGH) LIMITED, CTP
DAVALL LIMITED, CARCLO HOLDING CORPORATION, CARCLO PLATT NEDERLAND
B.V. |
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DIRECTOR |
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Occupation |
ACCOUNTANT |
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Address |
15, |
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Date of Birth |
10/03/1955 |
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Appointment Date |
30/06/2003 |
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Other Appointments |
ARTHUR LEE & SONS LIMITED, RUMBOLD INVESTMENTS
LIMITED, FAIRBANK BREARLEY LIMITED, DATACALL LIMITED, SEYMOUR
PLASTICS LIMITED, CTP MOULDED GEARS LIMITED, NOVOPLEX
LIMITED, SHEPLEY SECURITIES LIMITED, JOHN SHAW LIFTING &
TESTING SERVICES LIMITED, D.B.T. (MOTOR FACTORS) LIMITED, BIRKETT
CUTMASTER LIMITED, HORSFALL & BICKHAM LIMITED, EUROPEAN CARD
CLOTHING COMPANY LIMITED, CTP WHITE KNIGHT LIMITED, INDUSTATES
LIMITED, CTP ALAN LIMITED, RUMBOLD SECURITIES
LIMITED, IRONFOIL LIMITED, SIMA PLASTICS LIMITED, SMITH WIRES
LIMITED, HILLS NON FERROUS LIMITED, AUSTRALIAN CARD CLOTHING
LIMITED, JOHN SHARP (WIRE) LIMITED, TEXTURE ROLLED LIMITED, NORSEMAN(CABLES
& EXTRUSIONS)LIMITED, CHAPMANS SPRINGS LIMITED, TOLWOOD
ENGINEERING LIMITED, LEEPLAS LIMITED, LEE STAINLESS STEEL SERVICES
LIMITED, WOODHEAD CONSTRUCTION SERVICES LIMITED, ARTHUR LEE &
SONS (HOT ROLLING MILLS) LIMITED, HILLS DIECASTING COMPANY LIMITED, CARCLO
OVERSEAS HOLDINGS LIMITED, BRYMILL STOCKHOLDERS LIMITED, JONAS
WOODHEAD (OSSETT) LIMITED, DELL BALER LIMITED, JONAS WOODHEAD
(MANCHESTER) LIMITED, STATION ROAD (UK) LIMITED, WOODHEAD STEEL
LIMITED, CTP SILLECK LIMITED, METALLIC CARD CLOTHING COMPANY
LIMITED(THE), CRITCHLEY, SHARP & TETLOW LIMITED, CARCLO
SECURITIES LIMITED, ACRE MILLS (UK) LIMITED, LEE OF SHEFFIELD
LIMITED, J.W.& H.PLATT LIMITED, WOODHEAD COMPONENTS
LIMITED, TOLEDO WOODHEAD SPRINGS LIMITED, CTP LICHFIELD
LIMITED, SYBRO LIMITED (only 1st 50 directorships shown) |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
THE MANOR HOUSE , EAST APPLETON , |
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Date of Birth |
11/04/1966 |
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Appointment Date |
01/04/2004 |
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Other Appointments |
GELABORE , AYSGARTH SCHOOL TRUST
LIMITED, BIRKETT CUTMASTER LIMITED, CTP WIPAC
LIMITED, BROOKSBANK VALVES LIMITED, CTP ALAN LIMITED, RUMBOLD
SECURITIES LIMITED, REDPARK LIMITED, BROOKSBANK INDUSTRIES LIMITED, PRECISION
FITTINGS LIMITED, CARCLO OVERSEAS HOLDINGS LIMITED, CTP LICHFIELD
LIMITED, CARCLO TECHNICAL PLASTICS (SLOUGH) LIMITED, JONAS WOODHEAD
LIMITED, CARCLO PLC, SHEPLEY INVESTMENTS,LIMITED, JONAS
WOODHEAD & SONS LIMITED, CARCLO GROUP SERVICES LIMITED, BRUNTONS
AERO PRODUCTS LIMITED, CARCLO TECHNICAL PLASTICS (MITCHAM)
LIMITED, FINESPARK (HORSHAM) LIMITED, CARCLO TECHNICAL PLASTICS
LIMITED, J BROOKSBANK LEATHERS LIMITED, J BROOKSBANK
LIMITED, CARCLO HOLDING LIMITED, LEATHER AND LAVENDER
LIMITED, CARCLO US FINANCE NO.2, PAUL GOTT LIMITED, CTP DAVALL
LIMITED, EMBSAY LEATHERS , ALUMINIUM BRONZE VALVES LIMITED |
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SECRETARY |
MR ERIC COOK |
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Address |
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Country of Origin |
BRITISH |
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Date of Birth |
10/03/1955 |
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Appointment Date |
30/06/2003 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
CHRISTOPHER MAWE |
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Occupation |
FINANCE DIRECTOR |
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Address |
5 , |
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Country of Origin |
BRITISH |
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Date of Birth |
31/01/1962 |
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Resignation Date |
29/02/2004 |
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DIRECTOR |
ROGER SALT |
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Occupation |
ACCOUNTANT |
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Address |
55 , |
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Country of Origin |
BRITISH |
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Date of Birth |
27/07/1958 |
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Resignation Date |
30/06/2003 |
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DIRECTOR |
MR TIESSIR S KURWIE |
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Address |
6 , |
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Date of Birth |
22/03/1957 |
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Resignation Date |
17/05/2002 |
Share Summary
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Share information is not held for this company. |
Mortgages and Charges
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Total Registered |
6 |
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Total Outstanding |
6 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
29/06/2007 |
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Date Registered |
07/07/2007 |
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Type |
395 |
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Date Created |
29/06/2007 |
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Lender |
LLOYDS TSB BANK PLC AS SECURITY TRUSTEE AND AGENT FOR THE
BANKS (THE SECURITY TRUSTEE) |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM EACH CHARGOR TO THE
FINANCE PARTIES ON ANY ACCOUNT WHATSOEVER // UNDER THE TERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
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Details |
THE BOOK DEBTS AND THE PROCEEDS OF |
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Satisfied? |
No |
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Date Registered |
15/09/2004 |
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Type |
395 |
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Date Created |
01/09/2004 |
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Lender |
LLOYDS TSB BANK PLC (AS SECURITY TRUSTEE) |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND THE
OTHER OBLIGORS TO THE FINANCE PARTIES // 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 |
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Satisfied? |
No |
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Date Registered |
06/10/2003 |
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Type |
395 |
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Date Created |
29/09/2003 |
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Lender |
LLOYDS TSB BANK PLC (AS TRUSTEE FOR THE SECURED PARTIES,
THE "SECURITY TRUSTEE") |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER 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 |
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Satisfied? |
No |
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Date Registered |
09/11/2002 |
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Type |
395 |
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Date Created |
05/11/2002 |
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Lender |
LLOYDS TSB BANK PLC (AS TRUSTEE FOR THE SECURED PARTIES
"THE SECURITY TRUSTEE") |
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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 |
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Satisfied? |
No |
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Date Registered |
28/03/2002 |
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Type |
395 |
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Date Created |
28/03/2002 |
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Lender |
CTP FINANCE NV |
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Secured On |
#35,170,164 AND ALL OTHER 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 |
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Satisfied? |
Fully |
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Date Registered |
03/10/1996 |
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Type |
395 |
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Date Created |
30/09/1996 |
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Lender |
LLOYDS 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 |
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Details |
F/H PROPERTY K/A OR BEING UNIT 2 DAFEN INDUSTRIAL PARK,
DAFEN LLANELLI DYFED BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS //
FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE AND EQUIPMENT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
Fully |
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Public Record
Information
Summary of CCJ's/Scottish Decrees
|
There are 2 exact unsatisfied CCJs totalling GBP 369 in
the last 72 months |
Details of most recent CCJ's/Scottish Decrees
|
07/09/2006, a Judgment of "GBP" 180 was made in
BANBURY court (Case No. 6JM22069 ) against Carclo Technical Plastics Ltd, |
|
24/04/2003, a Judgment of "GBP" 189 was made in
BANBURY court (Case No. JJ329252 ) against Carclo Technical Plastics, Unit 2,
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Operations
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Activities |
Precision injection moulders |
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Sic Code |
Description |
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2524 |
Manufacture of other plastic products |
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Staff Employed |
476 |
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Auditors |
KPMG Audit PLC |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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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 |
19,504 |
22,739 |
26,182 |
37,914 |
|
Export Sales |
7,182 |
- |
6,811 |
10,860 |
|
Change in stocks of finished goods & in work in
progress |
512 |
-224 |
85 |
-41 |
|
Other operating income |
113 |
85 |
331 |
110 |
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Raw materials, consumables |
10,354 |
11,845 |
12,264 |
21,569 |
|
Cost of Goods Sold |
10,866 |
11,621 |
12,349 |
21,529 |
|
GROSS PROFIT |
8,639 |
11,118 |
13,833 |
16,385 |
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Selling and Administration Expenses |
721 |
400 |
400 |
1,465 |
|
Services & other goods |
9 |
25,196 |
579 |
29 |
|
Wages and Salaries |
5,353 |
7,132 |
9,478 |
12,540 |
|
Depreciation |
719 |
2,486 |
2,783 |
2,933 |
|
Other operating charges |
1,504 |
1,907 |
8,836 |
1,777 |
|
Net Operating Profit(Loss) |
446 |
-25,918 |
-7,911 |
-2,248 |
|
Non Trading Income |
3 |
2 |
- |
1 |
|
Total Non Trading Income |
3 |
2 |
0 |
1 |
|
Interest expenses & similar (-) |
109 |
2,403 |
2,405 |
2,423 |
|
Other financial charges |
2,901 |
3 |
16 |
2,044 |
|
Financial Expenses |
3,010 |
2,406 |
2,420 |
4,467 |
|
PRE TAX PROFIT |
-2,562 |
-28,322 |
-10,331 |
-6,714 |
|
Other Taxation |
0 |
528 |
-46 |
-229 |
|
Taxation |
-95 |
-403 |
-1,784 |
-1,502 |
|
PROFIT AFTER TAX |
-2,467 |
-28,447 |
-8,501 |
-4,983 |
|
Net Loss |
2,467 |
28,447 |
8,501 |
4,983 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
- |
- |
- |
- |
|
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 |
4,651 |
5,390 |
32,932 |
37,569 |
|
Land & buildings |
2,702 |
2,767 |
2,814 |
3,585 |
|
Plant, machinery & equipment |
1,949 |
2,623 |
3,785 |
6,188 |
|
TOTAL CURRENT ASSETS |
6,976 |
12,939 |
11,744 |
15,796 |
|
Stocks |
1,601 |
2,192 |
2,933 |
3,935 |
|
Trade Debtors |
2,669 |
3,200 |
4,193 |
6,477 |
|
Other Receivables |
80 |
191 |
647 |
98 |
|
Prepaid expenses |
98 |
154 |
272 |
265 |
|
Group Loans |
1,713 |
6,095 |
1,706 |
1,005 |
|
Cash |
319 |
706 |
209 |
1,604 |
|
Tax Recoverable |
497 |
402 |
1,783 |
2,412 |
|
TOTAL ASSETS |
11,627 |
18,329 |
44,676 |
53,365 |
|
TOTAL CURRENT LIABILITIES |
4,385 |
13,202 |
11,797 |
13,859 |
|
Trade Creditors |
1,421 |
1,815 |
2,697 |
3,863 |
|
Bank Overdraft |
1,903 |
1,794 |
2,208 |
4,115 |
|
Taxes |
264 |
465 |
342 |
528 |
|
Other Current Liabilities |
139 |
196 |
1,308 |
291 |
|
Due From Group |
213 |
8,219 |
3,272 |
3,107 |
|
Accruals & deferred income |
444 |
695 |
1,866 |
1,764 |
|
WORKING CAPITAL |
2,591 |
-263 |
-53 |
1,937 |
|
TOTAL LONG TERM LIABS |
58,715 |
54,066 |
53,618 |
51,743 |
|
Debts to group companies |
58,715 |
54,066 |
53,273 |
50,722 |
|
NET ASSETS/(LIABILITIES) |
7,243 |
5,128 |
32,879 |
39,506 |
|
SHARE CAPITAL + RESERVES |
-51,472 |
-48,939 |
-20,739 |
-12,237 |
|
Issued Share Capital |
1,000 |
1,000 |
1,000 |
1,000 |
|
Reserves |
74 |
75 |
76 |
77 |
|
Profit and Loss account |
-52,727 |
-50,261 |
-21,815 |
-13,314 |
|
Investment grants |
181 |
247 |
- |
- |
|
SHAREHOLDERS FUNDS |
-51,472 |
-48,939 |
-20,739 |
-12,237 |
|
CAPITAL EMPLOYED |
7,243 |
5,127 |
32,879 |
39,506 |
|
TANGIBLE NET WORTH |
-51,472 |
-48,938 |
-47,072 |
-40,034 |
|
|
|
|
Key Credit Ratios |
|
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Current Ratio |
1.59 |
0.98 |
1.00 |
1.14 |
|
Profit Before Tax |
-0.13 |
-1.25 |
-0.39 |
-0.18 |
|
Creditors Days (D.P.O) |
47.74 |
57.01 |
79.72 |
65.49 |
|
Quick Ratio |
- |
- |
- |
- |
|
Return on Assets |
-22.03 |
-154.52 |
-56.32 |
-26.26 |
|
T.N.W/Total Assets |
-4.43 |
-2.67 |
-1.05 |
-0.75 |
|
Return on Capital |
-35.37 |
-552.41 |
-31.42 |
-16.99 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
Financial Summary |
|
|
Turnover |
Turnover decreased by more than 14% in the period.
Turnover totalled GBP 19,504,000 for the period. |
|
Operating Profit |
Totalled GBP 446,000 In the period prior a loss of
GBP 25,918,000 was achieved. |
|
Pre Tax |
The subject made a loss of GBP 2,562,000 compared
with a loss of GBP 28,322,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
-1085% |
|
Tangible Net Worth |
Net worth reduced by 2,534,000 during the period and now
stands at GBP -51,472,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
739,000 to GBP 4,651,000 and are now 40% of total assets compared
with 29% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 8% and are now -115% of net worth compared with -112% in the
previous period |
|
Long Term Liabilities |
Long term liabilities are now 509% of total assets
compared with 299% 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%)