MIRA
INFORM REPORT
|
Report Date : |
12th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
BIR ASSOCIATES LIMITED |
|
|
|
|
Registered Office : |
C/O Baker Tilly, Number One Old Hall Street, Liverpool,
Merseyside, L3 9SX. |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
28.02.2005 |
|
|
|
|
Date of Incorporation : |
08.06.2001 |
|
|
|
|
Com. Reg. No.: |
04231537 |
|
|
|
|
Legal Form : |
Private Limited with share capital |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear . |
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 |
|
Maximum Credit Limit : |
GBP 3,400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
|
Company Name |
BIR ASSOCIATES LIMITED |
|
Trading Address |
Drury House, 19 Water Street, Liverpool, Merseyside, L2 0RP |
|
Telephone |
0151 2361420 |
|
|
|
|
Trading Address |
95 Mortimer Street, London, W1W 7ST |
|
Telephone |
020 74369189 |
|
Risk Score |
54 out of 100 |
|
|
Average Risk - This company has an average risk status and
should be treated with a degree of caution |
|
|
|
|
Credit Limit |
GBP 3,400 |
|
|
Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
|
|
|
|
Contract Limit |
GBP 3,400 |
|
|
Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
Official Company Data
|
Legal Form |
Private Limited with share capital |
|
Registration Number |
04231537 |
|
Date of Incorporation |
08/06/2001 |
|
Registered Office |
C/O BAKER TILLY, NUMBER ONE OLD HALL STREET, LIVERPOOL,
MERSEYSIDE, L3 9SX . |
|
History |
04/10/2001 : Change of name from MACE & JONES 2001 (106)
LIMITED |
|
|
08/07/2001 : Change of name from MURPHY HODGKINSON LIMITED |
|
Date of Last Annual Return to Registry |
08/06/2006 |
|
Activities |
WHOLESALE OF CLOTHING AND FOOTWEAR - - |
|
Accounts |
The last filed accounts cover the period to 28/02/2006 and were
presented to Companies House on 08/01/2007 |
Recently Filed Documents
Details
of the most recent documents
|
Date Received |
Description |
|
01/12/2003 |
Notification Of A Change Among The Directors Of A Company |
|
22/02/2002 |
Notification Of A Change Among The Directors Of A Company |
|
28/11/2001 |
Documents Making Or Evidencing An Alteration In The Memorandum
Or Articles Of Association |
|
28/11/2001 |
Notification Of A Change Among The Directors Of A Company |
|
28/11/2001 |
Notification Of A Change Among The Directors Of A Company |
|
28/11/2001 |
Notification Of A Change Among The Directors Of A Company |
|
28/11/2001 |
Notification Of A Change Among The Directors Of A Company |
|
28/11/2001 |
Notification Of A Change Among The Directors Of A Company |
It should be noted that there is
no legal requirement to file satisfaction details of mortgages/charges at
Companies House.
Known Directors
|
DIRECTOR |
IAN MCEVOY |
|
Occupation |
COMPANY DIRECTOR |
|
Address |
58, ALBERT ROAD HEATON , BOLTON , BL1 5HN |
|
Country of Origin |
BRITISH |
|
Date of Birth |
24/03/1965 |
|
Appointment Date |
26/11/2001 |
|
Other Appointments |
ROY WATSON LIMITED, R. & I. ASSOCIATES LIMITED |
|
|
|
|
DIRECTOR |
ROY WATSON |
|
Occupation |
COMPANY DIRECTOR |
|
Address |
SMITHS FARM 49, ELMERS GREEN DALTON , WIGAN
, LANCS , |
|
Country of Origin |
BRITISH |
|
Date of Birth |
17/02/1939 |
|
Appointment Date |
26/11/2001 |
|
Other Appointments |
ROY WATSON LIMITED, R. & I. ASSOCIATES
LIMITED, WEBBACE 2000 LIMITED |
|
|
|
|
DIRECTOR |
MICHAEL RUTLEY |
|
Occupation |
DIRECTOR |
|
Address |
7A, WANSTEAD PARK AVENUE WANSTEAD , LONDON
, E12 5EL |
|
Country of Origin |
BRITISH |
|
Date of Birth |
08/07/1962 |
|
Appointment Date |
23/11/2003 |
|
|
|
|
DIRECTOR |
SUSAN MARGARET WATSON |
|
Occupation |
COMPANY DIRECTOR |
|
Address |
49, ELMERS GREEN DALTON , SKELMERSDALE , LANCS
, WN8 6SG |
|
Country of Origin |
BRITISH |
|
Date of Birth |
29/06/1947 |
|
Appointment Date |
26/11/2001 |
|
Other Appointments |
ROY WATSON LIMITED, WEBBACE 2000 LIMITED |
|
|
|
|
SECRETARY |
SUSAN MARGARET WATSON |
|
Address |
49 , ELMERS GREEN , SKELMERSDALE , LANCS
, WN8 6SG |
|
Country of Origin |
BRITISH |
|
Date of Birth |
29/06/1947 |
|
Appointment Date |
26/11/2001 |
Recently Resigned Directors (last
3)
|
DIRECTOR |
MR BRENT WILKINSON |
|
Address |
21 , THE KNOWE , NESTON , MERSEYSIDE
, - - |
|
Date of Birth |
20/09/1956 |
|
Resignation Date |
01/02/2002 |
|
|
|
|
DIRECTOR |
MR CHRISTOPHER
BRUCE ROBINSON |
|
Occupation |
SOLICITOR |
|
Address |
7 , HEATHERLEIGH , WIRRAL , MERSEYSIDE
, - - |
|
Date of Birth |
23/12/1956 |
|
Resignation Date |
26/11/2001 |
Share Summary
|
Share Currency: |
GBP |
||
|
Issued at date of report: |
100 ORD |
Shares of 100 pence each |
|
|
Prinicipal Shareholders: |
Type Of Share |
No. of Shares |
Value |
|
IAN MCEVOY |
ORD |
40 |
40.00 |
|
ROY WATSON |
ORD |
39 |
39.00 |
|
M J RUTLEY |
ORD |
20 |
20.00 |
|
SUSAN WATSON |
ORD |
1 |
1.00 |
Mortgages and Charges
|
Total Registered |
5 |
|
Total Outstanding |
3 |
|
Total Satisfied |
2 |
|
Most Recent Mortgage |
21/02/2005 |
|
|
|
|
|
|
|
Date Registered |
22/02/2005 |
|
Type |
395 |
|
Date Created |
21/02/2005 |
|
Lender |
HSBC INVOICE FINANCE (UK) LTD |
|
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 |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR
PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENT FOR
THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY (INCLUDING
ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR
ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
22/02/2005 |
|
Type |
403A |
|
Date Created |
21/02/2005 |
|
Lender |
HSBC INVOICE FINANCE (UK) LTD |
|
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 |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR
PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENT FOR
THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY (INCLUDING
ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR
ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
27/01/2005 |
|
Type |
403A |
|
Date Created |
25/01/2005 |
|
Lender |
HSBC 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 |
27/01/2005 |
|
Type |
395 |
|
Date Created |
25/01/2005 |
|
Lender |
HSBC 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 |
05/06/2003 |
|
Date Created |
02/06/2003 |
|
Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
|
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 |
19/02/2002 |
|
Date Created |
14/02/2002 |
|
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? |
Fully |
|
|
|
|
Date Registered |
28/11/2001 |
|
Type |
395 |
|
Date Created |
27/11/2001 |
|
Lender |
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER UNDER THE FINANCING AGREEMENT (AS DEFINED) |
|
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 (INCLUDING TRADE FIXTURES) SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs
against the company.
Operations
|
Activities |
WHOLESALE OF CLOTHING AND FOOTWEAR - - |
|
Sic Code |
Description |
|
5142 |
Wholesale of clothing and footwear |
|
Auditors |
BAKER TILLY |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the accounts for the period ended
28/02/2005. |
|
Bankers |
- |
Financial Data
Profit and Loss
The following figures are shown
in units of GBP '000
|
Number of Weeks |
48 |
57 |
52 |
38 |
|
Accounts Date |
28/02/2005 |
31/03/2004 |
28/02/2003 |
28/02/2002 |
|
Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
|
Consolidated? |
No |
No |
No |
No |
Balance Sheet
The following figures are shown
in units of GBP '000
|
Number of Weeks |
48 |
57 |
52 |
38 |
|
Accounts Date |
28/02/2005 |
31/03/2004 |
28/02/2003 |
28/02/2002 |
|
Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
14 |
22 |
22 |
20 |
|
Tangible Assets |
14 |
22 |
22 |
20 |
|
Fixed Assets |
14 |
22 |
22 |
20 |
|
TOTAL CURRENT ASSETS |
520 |
877 |
352 |
104 |
|
Total Debtors |
349 |
673 |
172 |
38 |
|
Stocks/WIP |
111 |
162 |
130 |
2 |
|
Cash |
60 |
42 |
50 |
63 |
|
TOTAL ASSETS |
535 |
900 |
374 |
124 |
|
TOTAL CURRENT LIABILITIES |
418 |
631 |
240 |
43 |
|
Other Current Liabilities |
418 |
631 |
240 |
43 |
|
WORKING CAPITAL |
103 |
246 |
112 |
61 |
|
TOTAL LONG TERM LIABS |
750 |
822 |
667 |
193 |
|
Other Liabilities |
750 |
822 |
667 |
193 |
|
NET ASSETS/(LIABILITIES) |
-633 |
-554 |
-533 |
-112 |
|
SHARE CAPITAL + RESERVES |
-633 |
-554 |
-533 |
-112 |
|
Issued Share Capital |
0 |
0 |
0 |
0 |
|
Profit and Loss account |
-633 |
-554 |
-533 |
-112 |
|
SHAREHOLDERS FUNDS |
-633 |
-554 |
-533 |
-112 |
|
CAPITAL EMPLOYED |
117 |
269 |
134 |
81 |
Key Credit
Ratios
|
Accounts Date |
28/02/2005 |
31/03/2004 |
28/02/2003 |
28/02/2002 |
|
Current Ratio |
1.25 |
1.39 |
1.47 |
2.44 |
|
Long Term Debt/T.N.W (%) |
-118.52 |
-148.49 |
-125.17 |
-172.30 |
|
Quick Ratio |
0.98 |
1.13 |
0.93 |
2.39 |
|
T.N.W/Total Assets |
-118.32 |
-61.58 |
-142.41 |
-90.75 |
|
Equity Gearing |
-118.32 |
-61.58 |
-142.41 |
-90.75 |
Financial Comparison
The following figures are shown
in units of GBP '000
|
Number of Weeks |
48 |
57 |
52 |
38 |
|
Accounts Date |
28/02/2005 |
31/03/2004 |
28/02/2003 |
28/02/2002 |
|
Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
|
Other Deferred Liabs |
750 |
822 |
667 |
193 |
|
Tangible Net Worth(T.N.W) |
-633 |
-554 |
-533 |
-112 |
|
Equity |
-633 |
-554 |
-533 |
-112 |
Key Industry Sector Trends
|
|
Company |
Industry Averages |
||
|
|
28/02/2005 |
Lower |
Median |
Upper |
|
Current Ratio |
1.25 |
0.9 |
1.2 |
2.2 |
This comparison is based on the
results of 0005552 companies in the same industrial sector:
Financial Summary
Tangible Net Worth Net worth now stands
at GBP -632,895
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 |
|