MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
EUROPEAN METAL RECYCLING LIMITED |
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Registered Office : |
Sirius Hse, Delta Cres Westbrook, Warrington, Cheshire WA5
7NS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
02/08/1994 |
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Com. Reg. No.: |
02954623 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Scrap metal merchants |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
EUROPEAN METAL RECYCLING LIMITED |
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Ultimate Holding Company |
EUROPEAN METAL RECYCLING LTD |
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Trading Address |
SIRIUS HO,DELTA CRES, WESTBROOK,WARRINGTON,WA5 7NS |
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Telephone |
01925-715400 |
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Low Risk - There is a high degree of confidence this
company will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 19,287,500 |
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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 140,064,600 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
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|
Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02954623 |
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Date of Incorporation |
02/08/1994 |
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Registered Office |
Sirius Hse, Delta Cres Westbrook, Warrington, Cheshire WA5
7NS |
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Date of Last Annual Return to Registry |
18/02/2007 |
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Activities |
Scrap metal merchants |
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Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 05/11/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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18/02/2007 |
Annual Return |
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31/12/2006 |
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 |
15, BROADHALGH AVENUE BAMFORD , ROCHDALE
, LANCS , OL11 5LW |
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Country of Origin |
BRITISH |
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Date of Birth |
11/01/1947 |
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Appointment Date |
26/09/1994 |
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Other Appointments |
ALEXANDER KERR & CO. LIMITED, ALLEN ROWLAND &
COMPANY LIMITED, ANGLO IRISH CONTAINER LINE LIMITED, BOREHAM
RECLAMATIONS LIMITED, BULK HANDLING SERVICES (TILBURY) LIMITED, C D
JORDAN & SON (TRANSPORT) LIMITED, C.D. JORDAN & SON
LIMITED, CARDENE LIMITED, CLEVELAND METALS LIMITED, COMBINED
BUYING AGENCY LIMITED, COOPER BARNES METALS LIMITED, COOPERS
HOLDINGS LIMITED, COOPERS METALS (HOLDINGS) LIMITED, COOPERS NON
FERROUS LIMITED, E.BARNES & CO.,LIMITED, ELVIS UK LTD, EMR
2003 , EMR EXPORTS LIMITED, EMR MIDLAND SHREDDERS LIMITED, EMR
SHIPPING LIMITED, EUROPEAN METAL RECYCLING (DORMANT)
LIMITED, EUROPEAN METAL RECYCLING (SOUTHERN) LIMITED, EUROPEAN
METAL RECYCLING (USA) LIMITED, EUROPEAN METAL RECYCLING
LIMITED, EUROPEAN METAL RECYCLING LIMITED, EVER 1052
LIMITED, EVER 1193 LIMITED, F ASPINALL (PORTSMOUTH) LIMITED, FASTBULK
LIMITED, HARTLEPOOL STEELS LIMITED, HENDERSON KERR (SCRAP
PROCESSORS) LIMITED, HENDERSON KERR LIMITED, ISLAND RECYCLING
LIMITED, J.T. BROADHURST & SONS LIMITED, JACKSON DUNN
LIMITED, JOHN YOUNG (SUNDERLAND) LIMITED, JORDANS (NEWHAVEN) LIMITED, LLOYDS
METAL PROCESSORS LIMITED, MAYER ENVIRONMENTAL LTD., MAYER PARRY
(BRENTFORD) LIMITED, MAYER PARRY (EAST ANGLIA) LIMITED, MAYER PARRY
(LEEMAN) LIMITED, MAYER PARRY (ROTHERHAM) LIMITED, MAYER PARRY
PROPERTY SERVICES LIMITED, MAYER PARRY RECYCLING (HOLDINGS)
LIMITED, MAYER PARRY RECYCLING LIMITED, MEON VALLEY METALS
LIMITED, MOUNTSTAR METAL CORPORATION LIMITED, NORTON BARROW
(HOLDINGS) LIMITED, PARRY (WILLESDEN) LTD. (only 1st 50 directorships
shown) |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
15, CHEPSTOW CLOSE BAMFORD , ROCHDALE
, LANCS , OL11 5TR |
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Country of Origin |
BRITISH |
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Date of Birth |
04/08/1954 |
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Appointment Date |
26/09/1994 |
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Other Appointments |
ANGLO IRISH CONTAINER LINE LIMITED, EMR 2003
, EMR MIDLAND SHREDDERS LIMITED, EMR SHIPPING
LIMITED, EUROPEAN METAL RECYCLING LIMITED, EUROPEAN METAL RECYCLING
LIMITED, FASTBULK LIMITED, J.T. BROADHURST & SONS
LIMITED, JACKSON DUNN LIMITED, SHEPPARD GROUP
LIMITED, SHEPPARDS WASTE RECOVERY SERVICES (ROCHDALE) LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
75 1, MYRTLE AVE EDGEWATER , NEW JERSEY 07020
, USA , |
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Country of Origin |
BRITISH |
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Date of Birth |
04/09/1944 |
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Appointment Date |
29/11/1994 |
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Other Appointments |
ANGLO IRISH CONTAINER LINE LIMITED, BOREHAM
RECLAMATIONS LIMITED, BULK HANDLING SERVICES (TILBURY)
LIMITED, C.D. JORDAN & SON LIMITED, CARDENE
LIMITED, COMBINED BUYING AGENCY LIMITED, COOPERS (METALS) LTD
, COOPERS NON FERROUS LIMITED, EMR 2003 , EMR MIDLAND
SHREDDERS LIMITED, END OF LIFE VEHICLE INFORMATION SYSTEMS
LTD, EUROPEAN METAL RECYCLING (DORMANT) LIMITED, EUROPEAN METAL
RECYCLING (SOUTHERN) LIMITED, EUROPEAN METAL RECYCLING (USA)
LIMITED, EUROPEAN METAL RECYCLING LIMITED, EUROPEAN METAL RECYCLING
LIMITED, EVER 1193 LIMITED, FASTBULK LIMITED, HARTLEPOOL
STEELS LIMITED, JOHN YOUNG (SUNDERLAND) LIMITED, LLOYDS METAL PROCESSORS
LIMITED, MAYER ENVIRONMENTAL LTD., MAYER PARRY (LEEMAN)
LIMITED, MAYER PARRY (ROTHERHAM) LIMITED, MOUNTSTAR METAL
CORPORATION LIMITED, NAUGHTON CASTLE GARDEN LIMITED, NORTON BARROW
(HOLDINGS) LIMITED, PARRY (WILLESDEN) LTD., PAVILION TRANSPORT
(WHITWORTH) LIMITED, ROBINSON BROS. (NON-FERROUS) LIMITED, UNITED
FERROUS SUPPLIES LIMITED |
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DIRECTOR |
CHRISTOPHER PHILLIP SHEPPARD |
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Occupation |
COMPANY DIRECTOR |
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Address |
BEXTON LODGE , TOFT ROAD , KNUTSFORD
, CHESHIRE , WA16 9ED |
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Country of Origin |
BRITISH |
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Date of Birth |
07/07/1974 |
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Appointment Date |
20/11/2007 |
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Other Appointments |
ALLEN ROWLAND & COMPANY LIMITED, C D JORDAN &
SON (TRANSPORT) LIMITED, C.D. JORDAN & SON LIMITED, CLEVELAND
METALS LIMITED, COOPER BARNES METALS LIMITED, COOPERS HOLDINGS
LIMITED, COOPERS METALS (HOLDINGS) LIMITED, E.BARNES &
CO.,LIMITED, ELVIS UK LTD, EMR 2003 , EMR EXPORTS
LIMITED, EMR MIDLAND SHREDDERS LIMITED, EMR SHIPPING LIMITED, EUROPEAN
METAL RECYCLING (DORMANT) LIMITED, EUROPEAN METAL RECYCLING (SOUTHERN)
LIMITED, EUROPEAN METAL RECYCLING (USA) LIMITED, EUROPEAN METAL
RECYCLING LIMITED, EUROPEAN METAL RECYCLING LIMITED, EVER 1052
LIMITED, F ASPINALL (PORTSMOUTH) LIMITED, HENDERSON KERR (SCRAP
PROCESSORS) LIMITED, HENDERSON KERR LIMITED, ISLAND RECYCLING
LIMITED, J.T. BROADHURST & SONS LIMITED, JACKSON DUNN
LIMITED, JORDANS (NEWHAVEN) LIMITED, MAYER ENVIRONMENTAL
LTD., MAYER PARRY (BRENTFORD) LIMITED, MAYER PARRY (EAST ANGLIA)
LIMITED, MAYER PARRY PROPERTY SERVICES LIMITED, MAYER PARRY
RECYCLING (HOLDINGS) LIMITED, MAYER PARRY RECYCLING LIMITED, MEON
VALLEY METALS LIMITED, MOUNTSTAR METAL CORPORATION LIMITED, PREMIER
GRANULES UK LIMITED, ROBINSON GROUP LTD, ROBINSON SHIPPING SERVICES
LIMITED, SCRAP PROCESSING (PORTSMOUTH) LIMITED, SHEPPARD GROUP
LIMITED, SHEPPARDS WASTE RECOVERY SERVICES (ROCHDALE)
LIMITED, SMITH AND COMPANY (BEDFORD) LIMITED, SMITH AND COMPANY
(HOLDINGS) LIMITED, T LETHBRIDGE LIMITED, WINCHESTER RECYCLING
LIMITED, WISBECH METAL AND PAPER LIMITED |
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SECRETARY |
MR MICHAEL HUGHES |
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Address |
209 NEWCASTLE ROAD, , STONE
, STAFFORDSHIRE |
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Country of Origin |
BRITISH |
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Date of Birth |
02/11/1968 |
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Appointment Date |
24/10/2005 |
Recently Resigned Directors (last
3)
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DIRECTOR |
JOHN BRIAN ROBERTS |
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Address |
39 , HOLBROOK LANE , CHISLEHURST , KENT
, - - |
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Date of Birth |
27/01/1933 |
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Resignation Date |
16/08/2002 |
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DIRECTOR |
ALAN M CROWE |
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Address |
70 , EPSOM LANE SOUTH , TADWORTH , SURREY
, - - |
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Date of Birth |
28/07/1947 |
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Resignation Date |
31/05/2000 |
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DIRECTOR |
MR MICHAEL J CUMMINS |
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Address |
HAZELWOOD , HOOK ROAD , ROMSEY , HANTS
, - - |
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Date of Birth |
23/10/1940 |
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Resignation Date |
03/05/2000 |
Share Summary
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Shareholder Name |
Percentage |
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Trevor Sheppard |
480.00% |
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Robin Sheppard |
480.00% |
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Clive Sheppard |
480.00% |
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Phillip Sheppard Childrens Settlement Trust |
369.00% |
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Trevor Sheppard Childrens Settlement Trust |
369.00% |
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Robin Sheppard Childrens Settlement Trust |
369.00% |
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Clive Sheppard Childrens Settlement Trust |
369.00% |
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Trustees Of Iip Settlement |
246.00% |
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Phillip Robert Sheppard |
233.00% |
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Robert Sheppard |
149.00% |
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Mortgages and Charges
|
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Total Registered |
13 |
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Total Outstanding |
3 |
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Total Satisfied |
10 |
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Most Recent Mortgage |
02/04/2007 |
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Date Registered |
17/04/2007 |
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Type |
395 |
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Date Created |
02/04/2007 |
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Lender |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE
FINANCE PARTIES |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY
FINANCE PARTY 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 |
09/03/2006 |
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Type |
395 |
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Date Created |
03/03/2006 |
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Lender |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE
FINANCE PARTIES |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY
FINANCE PARTY 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 |
|
Satisfied? |
No |
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|
|
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Date Registered |
09/05/2005 |
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Type |
395 |
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Date Created |
04/05/2005 |
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Lender |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE
FINANCE PARTIES |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY FINANCE
PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
BRIGHTON ROAD SHOREHAM BY SEA TNO WSX204686 AND
WSX204687,THAMES WHARF BOW CREEK NEWHAM TNO EGL107110,LAND ON THE NORTH EAST
OF EAST COAST ROAD ATTERCLIFFE SHEFFIELD TNO SYK233868 AND SYK241073 (FOR
DETAILS OF FURTHER PROPERTIES CHARGED PLEASE REFER TO FORM 395) SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
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|
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Date Registered |
16/05/2000 |
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Type |
395 |
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Date Created |
03/05/2000 |
|
Lender |
HSBC INVESTMENT BANK PLC (THE "SECURITY
TRUSTEE") |
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Secured On |
ALL PRESENT AND FUTURE MONEYS DEBTS AND LIABILITIES DUE
OWING OR INCURRED BY ANY CHARGOR (INCLUDING THE COMPANY) TO ANY FINANCE PARTY
UNDER OR IN CONNECTION WITH ANY FINANCE DOCUMENT (IN EACH CASE WHETHER ALONE
OR JOINTLY OR JOINTLY AND SEVERALLY WITH ANY OTHER PERSON WHETHER ACTUALLY OR
CONTINGENTLY AND WHETHER AS PRINCIPAL SURETY OR OTHERWISE)(ALL TERMS AS
DEFINED) |
|
Details |
LEGAL MORTGAGE ALL REAL PROPERTY IN ENGLAND AND WALES
(INCLUDING THAT DESCRIBED IN SCHEDULE 1 TO THE 395) BELONGING TO IT AT THE
DATE OF THE DEBENTURE; FIXED EQUITABLE CHARGE ALL OTHER REAL PROPERTY
BELONGING TO IT AT THE DATE OF THE DEBENTURE AND ALL REAL PROPERTY ACQUIRED
BY IT THEREAFTER; AND FIXED CHARGE,ALL ITS PRESENT AND FUTURE: (i) BOOK
DEBTS;(ii) BANK ACCOUNTS;(iii) INVESTMENTS; (v) INSURANCES; (v) UNCALLED
CAPITAL AND GOODWILL; (vi) INTELLECTUAL PROPERTY; (vii) PLANT AND MACHINERY.
SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
04/02/2000 |
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Type |
395 |
|
Date Created |
03/02/2000 |
|
Lender |
LLOYDS UDT LIMITED |
|
Secured On |
THE PRINCIPAL SUM OF 514,305.56 TOGETHER WITH INTEREST AND
CHARGES THEREON DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
A FIRST FIXED CHARGE OVER 1 x LIEBHERR R984C-EW SN 6242026
|
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
26/11/1999 |
|
Type |
395 |
|
Date Created |
25/11/1999 |
|
Lender |
LLOYDS UDT LIMITED |
|
Secured On |
THE PRINCIPAL SUM OF 415,512.19 DUE OR TO BECOME DUE FROM
THE COMPANY TO THE CHARGEE |
|
Details |
A FIRST FIXED CHARGER OVER 1 X HYUNDAI R2002-2 INDUSTRIAL
WHEELED LOADING MACHINE CW ARDEN AE4100 R GRAB SERIAL NUMBER E0377 1 X FUCHS
350A SERIAL NUMBER 0299 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/11/1998 |
|
Type |
395 |
|
Date Created |
09/11/1998 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THAT THE COMPANY'S SHARE OF THE NET PROCEEDS OF SALE
AND OF THE NET RENTS PROFITS TILL SALE OF THE UNDERMENTIONED PROPERTY: 123 GYPSY
LANE SWINDON WITLSHIRE TN WT91703 AND ALL OTHER THE INTEREST OF THE COMPANY
UNDER THE TRUST AFFECTING THE SAID PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/03/1996 |
|
Type |
395 |
|
Date Created |
09/03/1996 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, LB OF
NEWHAM |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/03/1996 |
|
Type |
395 |
|
Date Created |
09/03/1996 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, LB OF
NEWHAM |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/03/1996 |
|
Type |
395 |
|
Date Created |
09/03/1996 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, LB OF
NEWHAM |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/03/1996 |
|
Type |
395 |
|
Date Created |
09/03/1996 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FH-LAND AND BUILDINGS ON THE EAST SIDE OF UNCOUTH ROAD MILNROW
ROCHDALE GREATER MANCHESTER TN-GM543302. FH-LAND ON THE NORTH WEST SIDE OF
TRINITY ROAD KINGSBURY (NORTH) WARWICKSHIRE TN-WK308647. FH-LAND ON THE SOUTH
EAST SIDE OF BENTLEY ROAD SOUTH DARLASTON WEST MIDLANDS TN-WM471486 SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
14/12/1994 |
|
Type |
395 |
|
Date Created |
29/11/1994 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR ALL
OR ANY OF THE OTHER COMPANIES NAMED THEREIN 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 THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
08/12/1994 |
|
Type |
395 |
|
Date Created |
29/11/1994 |
|
Lender |
ROBERT COOPER |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE PURSUANT TO CLAUSE 3.5.1. OF A SHARE SALE AGREEMENT OF EVEN DATE |
|
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? |
Fully |
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are 3 exact unsatisfied CCJs totaling GBP 1691 in
the last 72 months |
Details of most recent CCJ's/Scottish Decrees
|
16/08/2004, a Judgment of "GBP" 958 was made in
DARTFORD court (Case No. 4DA02978 ) against European Metal Recycling Ltd,
Transport Ave, Brentford, Middlesex, TW8 9HA |
|
19/06/2003, a Judgment of "GBP" 638 was made in WALSALL
court (Case No. WJ382359 ) against European Metal Recycling Ltd, R/o Sirius
Ho, Delta Cres Westbrook, Warrington, Cheshire, WA5 7NS |
|
07/01/2003, a Judgment of "GBP" 95 was made in
NORTHAMPTON court (Case No. XN296171 ) against European Metal Recycling Ltd,
Delta Cres Westbrook, Warrington, Cheshire, WA5 7NS |
Operations
|
|
|
|
Activities |
Scrap metal merchants |
|
Sic Code |
Description |
|
5157 |
Wholesale of waste and scrap |
|
Staff Employed |
1416 |
|
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 |
HSBC Bank Plc |
|
Sort Codes |
403124 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
Yes |
Yes |
Yes |
Yes |
|
SALES |
1,690,913 |
1,032,973 |
1,149,112 |
829,388 |
|
Export Sales |
457 |
820,025 |
895,688 |
- |
|
Cost of goods sold |
1,395,529 |
865,744 |
940,478 |
663,796 |
|
GROSS PROFIT |
295,384 |
167,229 |
208,634 |
165,592 |
|
General administration costs (-) |
189,664 |
120,158 |
115,713 |
112,601 |
|
Wages and Salaries |
76,012 |
52,351 |
57,663 |
50,214 |
|
Depreciation |
30,154 |
17,034 |
14,909 |
13,436 |
|
Net Operating Profit(Loss) |
105,720 |
47,071 |
92,921 |
52,991 |
|
Non Trading Income |
3,233 |
1,551 |
941 |
- |
|
Other financial income |
5,361 |
21,417 |
9,669 |
6 |
|
Total Non Trading Income |
8,594 |
22,968 |
10,610 |
6 |
|
Interest expenses & similar (-) |
9,163 |
4,003 |
2,041 |
932 |
|
Other financial charges |
1,123 |
9,852 |
222 |
20 |
|
Financial Expenses |
10,286 |
13,855 |
2,263 |
952 |
|
PRE TAX PROFIT |
104,028 |
56,184 |
101,268 |
52,045 |
|
Other Taxation |
8,008 |
696 |
7,182 |
508 |
|
Taxation |
25,933 |
12,900 |
22,543 |
16,862 |
|
PROFIT AFTER TAX |
70,087 |
42,588 |
71,543 |
34,675 |
|
Net Profit |
70,087 |
42,588 |
71,543 |
34,675 |
|
Dividends Payable |
0 |
0 |
37 |
37 |
|
RETAINED PROFITS |
70,087 |
42,588 |
71,506 |
34,638 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
Yes |
Yes |
Yes |
Yes |
|
TOTAL FIXED ASSETS |
284,394 |
141,272 |
143,933 |
130,449 |
|
Land & buildings |
58,499 |
49,471 |
48,444 |
44,653 |
|
Plant, machinery & equipment |
83,017 |
60,137 |
59,001 |
54,993 |
|
Intermediate Assets |
42,225 |
3,398 |
16,371 |
10,500 |
|
Intangible Assets |
100,653 |
28,266 |
20,117 |
20,303 |
|
TOTAL CURRENT ASSETS |
393,563 |
353,990 |
265,561 |
161,800 |
|
Stocks |
197,304 |
181,209 |
133,135 |
56,836 |
|
Trade Debtors |
134,428 |
121,469 |
87,741 |
97,459 |
|
Other Receivables |
7,752 |
5,722 |
14,680 |
4,128 |
|
Prepaid expenses |
4,092 |
2,712 |
4,503 |
2,319 |
|
Cash |
39,148 |
41,763 |
25,502 |
607 |
|
Marketable Securities |
10,839 |
1,115 |
- |
- |
|
TOTAL ASSETS |
677,957 |
495,262 |
409,494 |
292,249 |
|
TOTAL CURRENT LIABILITIES |
266,963 |
238,348 |
212,264 |
164,654 |
|
Trade Creditors |
114,106 |
92,625 |
95,146 |
84,088 |
|
Bank Overdraft |
34,466 |
78,466 |
38,512 |
18,857 |
|
Taxes |
25,428 |
15,870 |
22,078 |
14,253 |
|
Other Current Liabilities |
24,139 |
308 |
- |
38,883 |
|
Hire Purchase |
2,387 |
2,086 |
1,884 |
756 |
|
Accruals & deferred income |
66,437 |
48,956 |
51,593 |
719 |
|
WORKING CAPITAL |
126,600 |
115,642 |
53,297 |
-2,854 |
|
TOTAL LONG TERM LIABS |
130,258 |
39,062 |
13,827 |
12,700 |
|
Minority Interest |
1,261 |
- |
- |
- |
|
Taxation |
1,803 |
1,841 |
3,718 |
- |
|
Mortgages and loans |
66,192 |
- |
1,362 |
6,129 |
|
Total Hire Purchase / Leasing |
3,316 |
3,226 |
1,918 |
945 |
|
Other Long Term Liabilities |
57,686 |
33,114 |
6,829 |
5,626 |
|
NET ASSETS/(LIABILITIES) |
410,994 |
256,914 |
197,230 |
127,595 |
|
SHARE CAPITAL + RESERVES |
280,736 |
217,852 |
183,403 |
114,895 |
|
Issued Share Capital |
103 |
104 |
454 |
455 |
|
Share Premium Accounts |
7,412 |
7,412 |
9,161 |
2,269 |
|
Reserves |
4,740 |
4,739 |
5,542 |
14,360 |
|
Profit and Loss account |
268,481 |
205,597 |
168,246 |
97,811 |
|
SHAREHOLDERS FUNDS |
280,736 |
217,852 |
183,403 |
114,895 |
|
CAPITAL EMPLOYED |
410,994 |
256,914 |
197,230 |
127,595 |
|
TANGIBLE NET WORTH |
180,083 |
189,586 |
163,286 |
94,592 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
1.47 |
1.49 |
1.25 |
0.98 |
|
Profit Before Tax |
0.06 |
0.05 |
0.09 |
0.06 |
|
Creditors Days (D.P.O) |
29.84 |
39.05 |
36.93 |
46.24 |
|
Quick Ratio |
0.74 |
0.72 |
0.62 |
0.64 |
|
Return on Assets |
19.44 |
12.12 |
27.15 |
19.91 |
|
T.N.W/Total Assets |
0.27 |
0.38 |
0.40 |
0.32 |
|
Return on Capital |
25.31 |
21.87 |
51.35 |
40.79 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.03 |
0.05 |
0.15 |
0.17 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
220.58 |
146.32 |
138.46 |
187.49 |
Financial Summary
|
Turnover |
Turnover increased by more than 64% in the period.
Turnover totaled GBP 1,690,913,000 for the period. |
|
Operating Profit |
Totaled GBP 105,720,000 In the period prior a profit
of GBP 47,071,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 104,028,000
compared with a profit of GBP 56,184,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by 9%
|
|
Tangible Net Worth |
Net worth reduced by 9,503,000 during the period and now
stands at GBP 180,083,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 31,908,000 to GBP 141,516,000 and are now 21% of total assets
compared with 22% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 122% and are now 109% of net worth compared with 46% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 29% of total assets compared
with 18% 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%)