MIRA
INFORM REPORT
|
Report Date : |
08.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BARROW,LANE & BALLARD LIMITED |
|
|
|
|
Registered Office : |
Ground Floor, 52-54 Southwark St, London SE1 1UN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
05/08/1964 |
|
|
|
|
Com. Reg. No.: |
00814563 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Dried fruit and nut importers, exporters and distributors.
|
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
BARROW,LANE & BALLARD LIMITED |
|
Holding Company |
Nestmink Ltd |
|
Ultimate Holding Company |
Universal Corporation |
|
Trading Address |
Ground Floor, Pentagon House,52-54 Southwark
Street,LONDON,SE1 1UR |
|
|
|
|
Telephone |
020-7357-8775 |
|
|
|
|
|
Average Risk - This company has an average risk status and
should be treated with a degree of caution |
|
|
|
|
Credit Limit |
GBP 151,400 |
|
|
Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
|
|
|
|
Contract Limit |
GBP 1,092,200 |
|
|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
00814563 |
|
Date of Incorporation |
05/08/1964 |
|
Registered Office |
Ground Floor, 52-54 Southwark St, London SE1 1UN |
|
Date of Last Annual Return to Registry |
17/08/2007 |
|
Activities |
Dried fruit and nut importers, exporters and
distributers. |
|
Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 29/08/2007 |
Recently Filed Documents
Details of the most recent documents
|
Date
Received |
Description |
|
17/08/2007 |
Annual Return |
|
31/03/2007 |
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
|
|
|
|
|
DIRECTOR |
|
|
|
Occupation |
TRADER |
|
|
Address |
32, THORNASH ROAD HORSELL , WOKING
, SURREY , GU21 4UW |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
02/12/1958 |
|
|
Appointment Date |
22/10/1996 |
|
|
Other Appointments |
BARROW,LANE & BALLARD LIMITED, BRITISH PEANUT COUNCIL
LIMITED(THE), BLB HOLDINGS LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
ACCOUNTANT |
|
|
Address |
6, KENMORE ROAD KENTON , HARROW , MIDDX
, HA3 9EL |
|
|
Country of Origin |
TANZANIAN |
|
|
Date of Birth |
05/02/1955 |
|
|
Appointment Date |
22/10/1996 |
|
|
Other Appointments |
BARROW,LANE & BALLARD LIMITED, BLB HOLDINGS
LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
|
|
|
Address |
, THE CHESTNUTS OLD AVENUE , WEYBRIDGE
, SURREY , KT13 0PS |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
18/02/1955 |
|
|
Appointment Date |
17/08/1991 |
|
|
Other Appointments |
R.ATCHERLEY & CO.LIMITED, BARROW,LANE &
BALLARD LIMITED, PLASTO FOOD SERVICES LIMITED, NESTMINK
LIMITED, LEISUREPLEX LIMITED, ALFA TRAVEL LTD., ALFA COACHES
LIMITED, BLB HOLDINGS LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
COMMODITY TRADER |
|
|
Address |
HYBURN , GREENWAYS WALTON ON THE HILL
, TADWORTH , SURREY , KT20 7QE |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
26/12/1951 |
|
|
Appointment Date |
17/08/1991 |
|
|
Other Appointments |
BARROW,LANE & BALLARD LIMITED, NESTMINK LIMITED,
BLB HOLDINGS LIMITED |
|
|
SECRETARY |
MR PETER SAWBRIDGE |
|
|
Address |
THE CHESTNUTS OLD AVENUE, , WEYBRIDGE , SURREY
, KT13 0PS |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
18/02/1955 |
|
|
Appointment Date |
// |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
WILFRIED PETRUS MARIA TOPS |
|
Occupation |
COMMODITY TRADER |
|
Address |
THE WHITE HOUSE , HAMPTON COURT GREEN , EAST
MOLESEY , SURREY , - - |
|
Country of Origin |
DUTCH |
|
Date of Birth |
15/10/1944 |
|
Resignation Date |
19/10/2006 |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
|
|
|
Total Registered |
12 |
|
Total Outstanding |
6 |
|
Total Satisfied |
6 |
|
Most Recent Mortgage |
15/01/2007 |
|
|
|
|
|
|
|
Date Registered |
23/01/2007 |
|
Type |
395 |
|
Date Created |
15/01/2007 |
|
Lender |
BANK LEUMI (UK) PLC |
|
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 BOOK DEBTS
BUILDINGS FIXTURES PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
01/02/2007 |
|
Type |
395 |
|
Date Created |
15/01/2007 |
|
Lender |
KBC BANK NV LONDON BRANCH |
|
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 UNCALLED CAPITAL BUILDINGS
FIXTURES PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
23/01/2007 |
|
Type |
395 |
|
Date Created |
15/01/2007 |
|
Lender |
BANK LEUMI (UK) PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED CHARGE ALL MONIES ON ANY CURRENT DEPOSIT OR OTHER
ACCOUNT OR ACCOUNTS OR UNDER ANY DEPOSIT RECEIPT (THE DEPOSIT MONIES) |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
23/01/2007 |
|
Type |
395 |
|
Date Created |
15/01/2007 |
|
Lender |
BANK LEUMI (UK) PLC |
|
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 |
THE ASSIGNED ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
19/01/2007 |
|
Type |
395 |
|
Date Created |
15/01/2007 |
|
Lender |
NATIONAL WESTMINSTER 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 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
13/09/2003 |
|
Type |
395 |
|
Date Created |
28/08/2003 |
|
Lender |
ALLIED IRISH BANKS PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
A PLEDGE UPON ALL GOODS AND UPON ALL BILLS OF LADING,
WARRANTS, DELIVERY ORDERS AND ALL DOCUMENTS OF TITLE OR ANY OTHER DOCUMENTS
RELATING TO GOODS, ALL PROPERTY AND OTHER RIGHTS SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
17/06/2002 |
|
Type |
395 |
|
Date Created |
07/06/2002 |
|
Lender |
NATEXIS BANQUES POPULAIRES |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
|
Details |
ALL GOODS,BILLS OF LADING,WARRANTS,DELIVERY
ORDERS,DOCUMENTS OF TITLE TO GOODS AND ALL PROPERTY AND OTHER RIGHTS THEREON;
THE PROCEEDS OF SALE THEREOF AND ALL INSURANCES SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/12/1992 |
|
Type |
395 |
|
Date Created |
11/12/1992 |
|
Lender |
BANQUE FRANCAISE DU COMMERCE EXTERIEUR |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS, BILLS OF LADING, WARRANTS, DELIVERY ORDERS,
DOCUMENTS OF TITLE TO GOODS, AND ALL PROPERTY AND OTHER RIGHTS EMBODIED
THEREIN (SEE FORM 395 FOR FULL DETAILS) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
25/08/1992 |
|
Type |
395 |
|
Date Created |
14/08/1992 |
|
Lender |
BANK MEES & HOPE NV |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS AND ALL BILLS OF EXCHANGE, PROMISSORY NOTES AND NEGOTIABLE
INSTRUMENTS OF ANY DESCRIPTION, ALL BILLS OF LADING COMBINED AND OTHER
TRANSPORT DOCUMENTS ETC RELATING TO GOODS AS DELIVERED TO OR IN THE
POSSESSION OF THE BANK OR HELD TO ITS ORDER NOW OR AT ANY TIME (SEE FORM 395
FOR FULL DETAILS) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
01/08/1990 |
|
Type |
9999 |
|
Date Created |
16/07/1990 |
|
Lender |
RIGGS A P BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL BILLS OF EXCHANGE PROMISSORY NOTES, SHIPPING DOCUMENTS
& DOCUMENTS OF TITLE TO MERCHANDISE REPRESENTED THEREBY. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
29/07/1986 |
|
Type |
9999 |
|
Date Created |
21/07/1986 |
|
Lender |
BANQUE INTERNATIONAL A LUXEMBOURG |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS, BILLS OF LADING WARRANTS, DELIVERY ORDERS
DOCUMENTS OF TITLE TO GOODS & ALL PROPERTY & OTHER RIGHTS EMBODIED
THEREIN; ALL PROCEEDS OF THE SALEOR OTHER DISPOSITION OF THE GOODS. AS
DELIVERED TO OR IN THE POSSESSION OF THE BANK, OR HELD TO ITS ORDER NOW OR AT
ANY TIME. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
31/08/1983 |
|
Type |
9999 |
|
Date Created |
22/08/1983 |
|
Lender |
COUNTY BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING BOOKDEBTS GOODWILL UNCALLED CAPITAL. |
|
Satisfied? |
Fully |
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are 1 exact unsatisfied CCJs totaling GBP 750 in the
last 72 months |
Details of most recent CCJ's/Scottish Decrees
|
21/11/2006, a Judgment of "GBP" 750 was made in NORTHAMPTON
court (Case No. 6XH81350 ) against Barrow Lane & Ballard Ltd, R/o Ground
Floor, Pentagon Ho 52/44 Southwark Street, London, LONDON POSTAL, SE1 1UR |
Operations
|
|
|
|
Activities |
Dried fruit and nut importers, exporters and distributors.
|
|
Sic Code |
Description |
|
5170 |
Other wholesale |
|
5136 |
Wholesale of sugar and chocolate and sugar confectionery |
|
5138 |
Wholesale of other food including fish, crustaceans and
molluscs |
|
Staff Employed |
17 |
|
Auditors |
Shaw & Co Ltd |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
Banque Internationale A Luxembourg |
|
Sort Codes |
301085 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
50,106 |
55,101 |
58,887 |
44,145 |
|
Other operating income |
122 |
173 |
195 |
149 |
|
Cost of goods sold |
47,576 |
53,600 |
58,802 |
41,680 |
|
GROSS PROFIT |
2,530 |
1,501 |
85 |
2,465 |
|
General administration costs (-) |
1,224 |
1,189 |
1,393 |
1,189 |
|
Wages and Salaries |
938 |
850 |
1,019 |
931 |
|
Depreciation |
22 |
23 |
33 |
20 |
|
Net Operating Profit(Loss) |
1,428 |
486 |
-1,113 |
1,426 |
|
Non Trading Income |
15 |
34 |
53 |
24 |
|
Total Non Trading Income |
15 |
34 |
53 |
24 |
|
Interest expenses & similar (-) |
533 |
507 |
248 |
183 |
|
Financial Expenses |
533 |
542 |
356 |
234 |
|
PRE TAX PROFIT |
910 |
-22 |
-1,417 |
1,216 |
|
Other Taxation |
-8 |
0 |
0 |
0 |
|
Taxation |
218 |
-5 |
-347 |
366 |
|
PROFIT AFTER TAX |
700 |
-17 |
-1,070 |
849 |
|
Net Profit |
700 |
- |
- |
849 |
|
Dividends Payable |
0 |
0 |
0 |
6,000 |
|
RETAINED PROFITS |
700 |
- |
- |
-5,151 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
17 |
36 |
56 |
56 |
|
Plant, machinery & equipment |
17 |
36 |
56 |
56 |
|
TOTAL CURRENT ASSETS |
11,478 |
12,746 |
14,720 |
14,680 |
|
Stocks |
5,291 |
5,647 |
8,020 |
5,313 |
|
Trade Debtors |
5,221 |
6,057 |
5,342 |
4,316 |
|
Other Receivables |
33 |
29 |
29 |
605 |
|
Prepaid expenses |
52 |
64 |
69 |
58 |
|
Cash |
873 |
421 |
440 |
4,049 |
|
Tax Recoverable |
8 |
- |
359 |
- |
|
TOTAL ASSETS |
11,494 |
12,781 |
14,776 |
14,736 |
|
TOTAL CURRENT LIABILITIES |
9,529 |
11,516 |
13,493 |
12,383 |
|
Trade Creditors |
1,665 |
2,042 |
2,956 |
2,582 |
|
Bank Overdraft |
6,891 |
8,783 |
9,736 |
2,503 |
|
Taxes |
73 |
- |
- |
167 |
|
Due From Group |
780 |
616 |
753 |
7,006 |
|
Accruals & deferred income |
121 |
74 |
48 |
75 |
|
WORKING CAPITAL |
1,949 |
1,230 |
1,227 |
2,297 |
|
TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
|
NET ASSETS/(LIABILITIES) |
1,966 |
1,266 |
1,283 |
2,353 |
|
SHARE CAPITAL + RESERVES |
1,966 |
1,266 |
1,283 |
2,353 |
|
Issued Share Capital |
100 |
100 |
100 |
100 |
|
Profit and Loss account |
1,866 |
1,166 |
1,183 |
2,253 |
|
SHAREHOLDERS FUNDS |
1,966 |
1,266 |
1,283 |
2,353 |
|
CAPITAL EMPLOYED |
1,966 |
1,266 |
1,283 |
2,353 |
|
TANGIBLE NET WORTH |
1,966 |
1,266 |
1,283 |
2,353 |
Key Credit Ratios
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/12/2003 |
|
Current Ratio |
1.20 |
1.11 |
1.09 |
1.19 |
|
Profit Before Tax |
0.02 |
0.00 |
-0.02 |
0.03 |
|
Creditors Days (D.P.O) |
12.77 |
13.91 |
18.35 |
22.61 |
|
Quick Ratio |
0.65 |
0.62 |
0.50 |
0.76 |
|
Return on Assets |
7.92 |
-0.17 |
-9.59 |
8.25 |
|
T.N.W/Total Assets |
0.17 |
0.10 |
0.09 |
0.16 |
|
Return on Capital |
46.29 |
-1.74 |
-110.44 |
51.68 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
484.69 |
909.64 |
1051.68 |
526.26 |
Financial Summary
|
Turnover |
Turnover decreased by more than 9% in the period. Turnover
totaled GBP 50,106,000 for the period. |
|
Operating Profit |
Totaled GBP 1,428,000 In the period prior a profit
of GBP 486,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 910,000 compared
with a loss of GBP 22,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
58% |
|
Tangible Net Worth |
Net worth increased by 700,000 during the period and now
stands at GBP 1,966,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
19,000 to GBP 17,000 and are now 0% of total assets compared with
0% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 64% and are now 6% of net worth compared with 6% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 1% of total assets compared
with 1% 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. |
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%)