MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
PROTECTOR SALES & RECLAMATION LTD |
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Registered Office : |
27 Castle Gate, Newark, Notts, NG24 1BA |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
21/05/2003 |
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Com. Reg. No.: |
04773413 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacture of other fabricated metal products. Extraction of crude petroleum and natural gas. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
PROTECTOR SALES & RECLAMATION LTD |
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Ultimate Holding Company |
PROTECTOR SALES & RECLAMATION L |
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Registered Office |
27 Castle Gate, Newark, Notts, NG24 1BA |
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Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 20,100 |
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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 136,700 |
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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 |
04773413 |
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Date of Incorporation |
21/05/2003 |
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Registered Office |
27 Castle Gate, Newark, Notts, NG24 1BA |
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Date of Last Annual Return to Registry |
21/05/2007 |
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Accounts |
The last filed accounts cover the period to 31/03/2006 and
were filed on 15/01/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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21/05/2007 |
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 |
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Address |
4, THE CAPES ASLOCKTON , NOTTINGHAM
, NOTTS , NG13 9AZ |
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Date of Birth |
28/05/1966 |
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Appointment Date |
21/05/2003 |
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Other Appointments |
PROTECTOR SALES & RECLAMATION LTD, SANTO PSR
PROTECTORS (UK) LIMITED, SPECTRUM SURFACE TECHNOLOGY LIMITED |
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DIRECTOR |
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Occupation |
SALES |
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Address |
8, MOODY ROAD STUBBINGTON , FAREHAM
, HANTS , PO14 2BP |
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Country of Origin |
BRITISH |
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Date of Birth |
28/05/1966 |
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Appointment Date |
15/12/2003 |
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Other Appointments |
DRILLTEQ CONSULTANCY LIMITED, FREE-HEMP DISTRIBUTION
COMPANY LIMITED, PROTECTOR SALES & RECLAMATION LTD, SANTO PSR
PROTECTORS (UK) LIMITED |
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SECRETARY |
MR GARETH WILSON |
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Address |
4 THE CAPES, , ASLOCKTON , NOTTINGHAMSHIRE
, NG13 9AZ |
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Country of Origin |
BRITISH |
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Date of Birth |
28/05/1966 |
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Appointment Date |
21/05/2003 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MICHELLE JENNIFER WILSON |
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Occupation |
NURSE |
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Address |
4 , THE CAPES , NOTTINGHAM , NOTTS
, - - |
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Date of Birth |
20/07/1969 |
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Resignation Date |
15/12/2003 |
Share Summary
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Shareholder Name |
Percentage |
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Gareth Wilson |
50.00% |
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Marcus Wilson |
50.00% |
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Mortgages and Charges
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Total Registered |
3 |
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Total Outstanding |
3 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
22/03/2007 |
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Date Registered |
11/09/2007 |
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Type |
395 |
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Date Created |
04/09/2007 |
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Lender |
CLYDESDALE 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 |
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 |
29/08/2007 |
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Type |
395 |
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Date Created |
26/12/2006 |
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Lender |
NATIONAL WESTMINSTER BANK PLC |
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Secured On |
98,000 DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
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Details |
65 BANNERMILL PLACE, ABERDEEN |
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Satisfied? |
No |
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Date Registered |
22/03/2007 |
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Type |
395 |
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Date Created |
22/03/2007 |
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Lender |
BIBBY FINANCIAL SERVICES LIMITED AS 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 |
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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 |
Public Record Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Sic Code |
Description |
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2875 |
Manufacture of other fabricated metal products not elsewhere
classified |
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1110 |
Extraction of crude petroleum and natural gas |
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Staff Employed |
2 |
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Auditors |
Barker Maule & Co |
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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 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
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TOTAL FIXED ASSETS |
9 |
8 |
4 |
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Total Fixed Assets |
9 |
8 |
4 |
- |
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TOTAL CURRENT ASSETS |
342 |
151 |
121 |
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Stocks |
58 |
18 |
15 |
- |
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Trade Debtors |
224 |
110 |
106 |
- |
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Cash |
59 |
23 |
- |
- |
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TOTAL ASSETS |
351 |
159 |
125 |
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TOTAL CURRENT LIABILITIES |
105 |
108 |
119 |
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Other Current Liabilities |
105 |
108 |
119 |
- |
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WORKING CAPITAL |
237 |
43 |
3 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
246 |
51 |
7 |
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SHARE CAPITAL + RESERVES |
246 |
51 |
7 |
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Issued Share Capital |
0 |
0 |
0 |
- |
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Profit and Loss account |
246 |
51 |
7 |
- |
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SHAREHOLDERS FUNDS |
246 |
51 |
7 |
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CAPITAL EMPLOYED |
246 |
51 |
7 |
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TANGIBLE NET WORTH |
246 |
51 |
7 |
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Key Credit Ratios
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Current Ratio |
3.26 |
1.40 |
1.02 |
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Quick Ratio |
2.70 |
1.23 |
0.89 |
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T.N.W/Total Assets |
0.70 |
0.32 |
0.06 |
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Solvency (%) |
42.68 |
211.76 |
1700.00 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
451% |
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Tangible Net Worth |
Net worth increased by 195,000 during the period and now
stands at GBP 246,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by
GBP 1,000 to GBP 9,000 and are now 3% of total assets compared
with 5% in the previous period |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)