MIRA
INFORM REPORT
|
Report Date : |
20th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
FUERST
DAY LAWSON LIMITED |
|
|
|
|
Formerly Known as: |
R.VERNEY
& CO.LIMITED. |
|
|
|
|
Registered Office : |
Devon
House, 58-60 Saint Katharines Way, London, E1w 1JP |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2005 |
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|
|
|
Date of Incorporation : |
02.07.1958 |
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|
|
|
Com. Reg. No.: |
00607374 |
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|
|
|
Legal Form : |
Private
Limited |
|
|
|
|
Line of Business : |
Specialist
in raw materials. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
GBP 58,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
Subject Reported on |
FUERST
DAY LAWSON LIMITED |
|
Address |
DEVON
HOUSE, 58-60 SAINT KATHARINES WAY, LONDON, E1W 1JP. |
|
Telephone |
020
7488 0777 |
|
Facsimile |
020
7488 9927 |
|
Email |
fdlgroup@fdl.co.uk |
|
Web Address |
www.fdl.co.uk |
Creditline Recommendations
|
Monthly
Credit Guide |
GBP 58,000 |
|
Risk
Category |
LOW RISK |
XSeption Summary
|
Number
of XSeptions |
0 |
|
Note
: An 'XSeption' is only recorded when unusual patterns of behavior or
financial results have been identified. |
Official Company Data
|
Legal Form |
Private
Limited |
|
Registration Number |
00607374 |
|
VAT Number |
GB243407385 |
|
Date of Incorporation |
02/07/1958 |
|
Registered Office |
DEVON
HOUSE, 58-60 SAINT KATHARINES WAY, LONDON, E1W 1JP. |
|
History |
27/11/2000 : The
Registered Office address changed from DEVON HOUSE, 58-60 SAINT KATHARINES
WAY, LOND. |
|
|
30/04/1999 : The
Registered Office address changed from ST CLARE HOUSE, 30-33 MINORIES, LONDON
EC3N 1. |
|
|
23/01/1997 : Previous
name R.VERNEY & CO.LIMITED. |
|
|
Previously located at
ST CLARE HO,30-33 MINORIES,LONDON,EC3N 1LN. |
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Date of Last Annual Return to Registry |
16/11/2006 |
|
Accounts |
The
last filed accounts at Companies House are those to 30/12/2005 |
|
Accounting Reference Date |
31/12 |
Operations
|
Activities |
Specialist
in raw materials. |
|
Nace Code |
5121 |
|
Premises |
Rented,Offices |
|
Staff Employed |
140 |
|
Trading Divisions |
JUICES
DIVISION, WALDEN DIVISION |
|
Trade Names |
FUERST
DAY LAWSON JUICES, FUERST DAY LAWSON CITRUS, FDL |
|
Import Countries |
ALL
OVER THE WORLD |
|
Export Countries |
ALL
OVER THE WORLD |
|
Bankers |
NATIONAL
WESTMINSTER BANK PLC |
|
Address |
LONDON. |
|
Sort Code |
607001 |
|
Auditors |
Deloitte
& Touche LLP |
|
Branches |
LITTLE WALDEN
AIRFIELD, LITTLE WALDEN, ESSEX, CB10 1XQ. |
Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our file.
Other Filings and Notices
|
Date |
Source |
Description |
|
09/12/2006 |
Companies House Gazette |
Change among the directors of a company |
|
24/12/2003 |
Companies House Gazette |
Change among the directors of a company |
|
04/12/1998 |
Companies House Gazette |
Change among the directors of a company |
|
21/03/1997 |
Companies House Gazette |
Alteration in memorandum or articles of
association |
|
22/01/1997 |
Companies House Gazette |
Change among the directors of a company |
|
21/12/1994 |
Companies House Gazette |
Change among the directors of a company |
|
17/12/1994 |
Companies House Gazette |
Change among the directors of a company |
|
11/01/1992 |
Companies House Gazette |
Change among the directors of a company |
|
27/07/1991 |
Companies House Gazette |
Change among the directors of a company |
|
10/11/1990 |
Companies House Gazette |
Change among the directors of a company |
|
06/11/1989 |
Companies House Gazette |
Change among the directors of a company |
|
13/10/1989 |
Companies House Gazette |
Change among the directors of a company |
|
14/10/1988 |
Companies House Gazette |
Documents delivered by a company under section
241 (annual accounts) |
|
15/04/1987 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
|
Secretary |
GUY NEVILLE HUMPHRY BAKER |
|
Address |
4 RICHMOND PLACE, TUNBRIDGE WELLS, KENT, TN2
5JZ. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
15/02/1954 |
|
Appointment Date |
08/12/2003 |
|
Other
Directorships |
J.C. DUFFUS & COMPANY (LONDON) LIMITED, R.
VERNEY & CO. LIMITED, UNION MERCHANTS OVERSEAS LIMITED, FOX ROY
MERCHANTS LIMITED, FUERST DAY LAWSON CITRUS LIMITED, FUERST DAY
LAWSON HOLDINGS LIMITED |
Directors
|
Director |
MAC MARDI |
|
Address |
34 PENFOLD LANE, GREAT BILLING,
NORTHAMPTONSHIRE, NN3 9EF. |
|
Country of Origin |
DENMARK |
|
Date of Birth |
26/06/1960 |
|
Appointment Date |
08/12/2006 |
|
Other
Directorships |
J.C. DUFFUS & COMPANY (LONDON)
LIMITED, R. VERNEY & CO. LIMITED, UNION MERCHANTS OVERSEAS
LIMITED, FOX ROY MERCHANTS LIMITED, FUERST DAY LAWSON CITRUS
LIMITED, FUERST DAY LAWSON HOLDINGS LIMITED, RTS-ASSOCIATES UK LTD |
|
|
|
|
Director |
DAVID BRUCE THOMAS |
|
Address |
LITTLE MEAD, MANOR ROAD, GORING, OXFORDSHIRE,
RG8 9ED. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
31/10/1945 |
|
Appointment Date |
07/01/1997 |
|
Other
Directorships |
J.C. DUFFUS & COMPANY (LONDON)
LIMITED, R. VERNEY & CO. LIMITED, UNION MERCHANTS OVERSEAS
LIMITED, FOX ROY MERCHANTS LIMITED, FUERST DAY LAWSON CITRUS
LIMITED, FUERST DAY LAWSON HOLDINGS LIMITED |
|
|
|
|
Financial Director |
GUY NEVILLE HUMPHRY BAKER |
|
Address |
4 RICHMOND PLACE, TUNBRIDGE WELLS, KENT, TN2
5JZ. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
15/02/1954 |
|
Appointment Date |
08/12/2003 |
|
Other
Directorships |
J.C. DUFFUS & COMPANY (LONDON)
LIMITED, R. VERNEY & CO. LIMITED, UNION MERCHANTS OVERSEAS
LIMITED, FOX ROY MERCHANTS LIMITED, FUERST DAY LAWSON CITRUS
LIMITED, FUERST DAY LAWSON HOLDINGS LIMITED |
|
|
|
|
Director |
MAURICE DAY LAWSON |
|
Address |
42 HOLLAND PARK AVENUE, LONDON, W11 3QY. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
26/03/1952 |
|
Appointment Date |
16/11/1991 |
|
Other
Directorships |
J.C. DUFFUS & COMPANY (LONDON)
LIMITED, R. VERNEY & CO. LIMITED, UNION MERCHANTS OVERSEAS
LIMITED, FOX ROY MERCHANTS LIMITED, FUERST DAY LAWSON CITRUS
LIMITED, FUERST DAY LAWSON HOLDINGS LIMITED, CHANTWELL
LIMITED, UTOPIA BEACH LIMITED |
Share Capital
|
Shares |
Ordinary GBP 1.00 each |
|
Issued Number |
100,000 |
|
Principal
Shareholder |
88,635 Fuerst Day Lawson Holdings Ltd |
|
|
11,365 Maurice Day Lawson |
|
The above reflects
the principle shareholder(s) by number of shares held, irrespective of share
classification type. |
|
Holding Company |
FUERST DAY LAWSON HOLDINGS LIMITED |
|
Ultimate Parent |
FUERST DAY LAWSON HOLDINGS LIMITED |
Payment Analysis
( No Payment
Analysis Data is Available )
Financial Data
Profit and Loss
The following figures are shown in units
of 1000
|
Number
of Weeks |
52 |
52 |
52 |
52 |
|
Accounts
Date |
30/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
SALES |
104920 |
99296 |
79613 |
69504 |
|
Cost
of goods sold |
96321 |
90854 |
71498 |
60897 |
|
GROSS
PROFIT |
8599 |
8442 |
8115 |
8607 |
|
Wages
and Salaries |
3804 |
3175 |
3210 |
2794 |
|
Directors
Emoluments |
1116 |
644 |
460 |
542 |
|
Auditors
Fees |
43 |
39 |
38 |
34 |
|
Non-Audit
Fees |
25 |
24 |
|
14 |
|
Trading
Profit |
652 |
391 |
590 |
1009 |
|
Depreciation |
194 |
76 |
49 |
45 |
|
OPERATING
PROFIT |
458 |
315 |
541 |
964 |
|
Non
Trading Income |
|
|
10 |
|
|
Interest
Payable |
402 |
258 |
225 |
224 |
|
PRE
TAX PROFIT |
56 |
57 |
326 |
740 |
|
Taxation |
(31) |
38 |
107 |
232 |
|
PROFIT
AFTER TAX |
87 |
19 |
219 |
508 |
|
Dividends
Payable |
|
|
150 |
350 |
|
RETAINED
PROFITS |
87 |
19 |
69 |
158 |
Balance Sheet
The following figures are shown in units
of 1000
|
Number
of Weeks |
52 |
52 |
52 |
52 |
|
Accounts
Date |
30/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
TOTAL
FIXED ASSETS |
1355 |
1383 |
405 |
340 |
|
Tangible
Assets |
1355 |
1383 |
405 |
340 |
|
Fixed
Assets |
1349 |
1377 |
399 |
334 |
|
Intermediate
assets |
6 |
6 |
6 |
6 |
|
TOTAL
CURRENT ASSETS |
28908 |
28707 |
24521 |
25447 |
|
Trade
debtors |
13477 |
13622 |
11766 |
9923 |
|
Stocks |
15255 |
14787 |
12655 |
14883 |
|
Other
Current Assets |
176 |
298 |
100 |
641 |
|
Misc
Current Assets |
175 |
275 |
100 |
248 |
|
Due
From Group |
|
22 |
|
110 |
|
Cash |
1 |
1 |
|
283 |
|
TOTAL
ASSETS |
30263 |
30090 |
24926 |
25787 |
|
TOTAL
CURRENT LIABILITIES |
29151 |
29065 |
23920 |
24850 |
|
Trade
creditors |
10790 |
10167 |
9188 |
10482 |
|
Short
Term Loans |
17758 |
18615 |
14308 |
13147 |
|
Bank
Overdraft |
12198 |
8178 |
6961 |
7548 |
|
Other
Finance |
|
|
|
4 |
|
Due To
Group |
5560 |
10437 |
7347 |
5595 |
|
Other
Liabilities |
603 |
283 |
424 |
1221 |
|
WORKING
CAPITAL |
(243) |
(358) |
601 |
597 |
|
NET
ASSETS/(LIABILITIES) |
1112 |
1025 |
1006 |
937 |
|
SHARE
CAPITAL + RESERVES |
1112 |
1025 |
1006 |
937 |
|
Share
Cap + Sundry Res |
100 |
100 |
100 |
100 |
|
Issued
Share Capital |
100 |
100 |
100 |
100 |
|
Profit
and Loss account |
1012 |
925 |
906 |
837 |
|
SHAREHOLDERS
FUNDS |
1112 |
1025 |
1006 |
937 |
|
CAPITAL
EMPLOYED |
1112 |
1025 |
1006 |
937 |
Financial Comparison
The following figures are shown in units
of 1000
|
Number
of Weeks |
52 |
52 |
52 |
52 |
|
Accounts
Date |
30/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
Net
Cashflow from Oper. |
(3465) |
573 |
1716 |
346 |
|
Increase
in Cash |
(4020) |
(1217) |
305 |
31 |
|
Directors
Remuneration |
1116 |
644 |
460 |
542 |
|
Auditors
Remuneration |
43 |
39 |
38 |
34 |
|
Liquid
Assets |
13478 |
13623 |
11766 |
10206 |
|
Net
Working Capital |
(243) |
(358) |
601 |
597 |
|
Tangible
Net Worth(T.N.W) |
1112 |
1025 |
1006 |
937 |
|
Equity |
1112 |
1025 |
1006 |
937 |
|
Number
of Years Trading |
47 |
46 |
45 |
44 |
|
Number
of Employees |
118 |
109 |
99 |
93 |
|
Profit
per Employee |
474.6 |
522.9 |
3292.9 |
7957 |
|
Sales
per Employee |
889152.5 |
910972.5 |
804171.7 |
747354.8 |
Key Credit Ratios
The following figures are shown as
Ratios or Percentages
|
Accounts
Date |
30/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Current
Ratio |
1 |
1 |
1 |
1 |
|
Pre
Tax Profit Margin% |
0.1 |
0.1 |
0.4 |
1.1 |
|
Gross
Profit% |
8.2 |
8.5 |
10.2 |
12.4 |
|
Debtors
Days (D.S.O) |
47 |
50 |
54 |
52 |
|
Creditors
Days (D.P.O) |
38 |
37 |
42 |
55 |
|
Quick
Ratio |
0.5 |
0.5 |
0.5 |
0.4 |
|
W.I.P/Inventory
Days |
57.8 |
59.4 |
64.6 |
89.2 |
|
Return
on Investment% |
2.4 |
1.6 |
3.6 |
6.8 |
|
Return
on Assets% |
0.2 |
0.2 |
1.3 |
2.9 |
|
T.N.W/Total
Assets% |
3.7 |
3.4 |
4 |
3.6 |
|
Return
on Capital% |
5 |
5.6 |
32.4 |
79 |
|
Rtn
on Shareholders Funds% |
5 |
5.6 |
32.4 |
79 |
|
Working
Capital/Sales% |
(0.2) |
(0.4) |
0.8 |
0.9 |
|
Borrowing
Ratio% |
1596.9 |
1816.1 |
1422.3 |
1403.1 |
|
Equity
Gearing% |
3.8 |
3.5 |
4.2 |
3.8 |
|
Stock
Turnover |
6.9 |
6.7 |
6.3 |
4.7 |
|
Days
Purchases Outstanding |
40.9 |
40.8 |
46.9 |
62.8 |
Key Industry Sector Trends
|
Year
|
2006 |
2005 |
2004 |
2003 |
|
Sample
Size |
378 |
989 |
994 |
875 |
|
Pre-Tax
Profit Margin |
3.3 |
3.1 |
2.3 |
2.4 |
|
Current
Ratio |
1.4 |
1.3 |
1.2 |
1.2 |
|
Borrowing
Ratio |
58.8 |
77 |
56.9 |
41.3 |
|
Return
on Capital |
27.3 |
30.2 |
44.5 |
27.7 |
|
Creditors
Days |
37 |
50 |
60 |
53 |
Above figures relate to companies in
1992 Standard Industry Classification (Nace) sector : Wholesale of agricultural
raw materials and live animals
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/12/2005.
Turnover
Turnover has increased from GBP 99,296,000 to GBP 104,920,000, a growth of 6 % in the period.
Operating Profit
Totalled GBP 458,000. In the year prior a Profit of GBP 315,000 was achieved.
Working Capital
The company's working capital deficiency reduced in the period and now stands at GBP 243,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP 28,000 to GBP 1,355,000 and are now 4 % of total assets compared with 4 % in the previous year.
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 |
|