MIRA INFORM REPORT

 

Report Date :

23rd February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

CASBURT LIMITED

 

 

Registered Office :

C/O Poppleton & Appleby, The Old Barn Caverswall Park, ST3 6HP.

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

04.08.1972

 

 

Com. Reg. No.:

01064196

 

 

Legal Form :

Private Limited with share capital

 

 

Line of Business :

Agents in industrial equipment etc, manufacture of other general machinery

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Under Insolvency

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

 

Company Identification Details

 

Subject Reported on

CASBURT LIMITED

Trading Address

Cinderhill Industrial Estate, Stoke On Trent, Staffordshire, ST3 5LB

Telephone

01782 332511

 

 

 

Risk Score

I - Insolvency proceedings

 

 

Official Company Data

 

Legal Form

Private Limited with share capital

Registration Number

01064196

Date of Incorporation

04/08/1972

Registered Office

C/O POPPLETON & APPLEBY, THE OLD BARN CAVERSWALL PARK, ST3 6HP .

History

31/12/1999 : Change of name from CASBURT PHARMACEUTICAL EQUIPMENT LIMITED

 

31/12/1979 : Change of name from CASBURT INTERNATIONAL LIMITED

 

04/12/1976 : Change of name from C.C.S. - CASBURT LIMITED

Date of Last Annual Return to Registry

02/01/2005

Activities

AGENTS IN INDUSTRIAL EQUIPMENT ETC, MANUFACTURE OF OTHER GENERAL MACHINERY  -  -

Accounts

The last filed accounts cover the period to 31/03/2005 and were presented to Companies House on 02/06/2005

 

 

Recently Filed Documents

 

Details of the most recent documents

Date Received

Description

31/12/2003

Notification Of A Change Among The Directors Of A Company

07/12/2002

Notification Of A Change Among The Directors Of A Company

04/08/2001

Notification Of A Change Among The Directors Of A Company

01/08/2001

Notification Of A Change Among The Directors Of A Company

01/10/1999

Notification Of A Change Among The Directors Of A Company

18/02/1998

Notification Of A Change Among The Directors Of A Company

23/02/1995

Notification Of A Change Among The Directors Of A Company

02/02/1990

Documents Making Or Evidencing An Alteration In The Memorandum Or Articles Of Association

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

Known Directors

 

DIRECTOR

DAVID JOHN CASWELL

Occupation

CHAIRMAN

Address

LEEK ROAD , STOKE ON TRENT , ST9 0AP

Country of Origin

BRITISH

Date of Birth

17/01/1940

Appointment Date

02/01/1992

Other Appointments

STAFFORDSHIRE PROCESSING LIMITED, HI-PEAK LEISURE LIMITED, CORNERSTONES HOLDINGS LIMITED, CASBURT TMS LIMITED, BBM FORTY-SEVEN LIMITED

DIRECTOR

JANE ELIZABETH PRINCE

Occupation

 

Address

, LEEK , STAFFS , ST13 7RY

Country of Origin

BRITISH

Date of Birth

29/05/1968

Appointment Date

01/10/1999

Other Appointments

STAFFORDSHIRE PROCESSING LIMITED, GRONELL IN BRITAIN LIMITED, HI-PEAK LEISURE LIMITED, CORNERSTONES HOLDINGS LIMITED, CASBURT TMS LIMITED, BBM FORTY-SEVEN LIMITED

DIRECTOR

PETER DAVID KENNETH CASWELL

Occupation

DIRECTOR

Address

LEEK ROAD , STOKE ON TRENT , ST9 0AP

Country of Origin

BRITISH

Date of Birth

06/04/1971

Appointment Date

01/10/1999

Other Appointments

HI-PEAK LEISURE LIMITED, CASBURT TMS LIMITED, BBM FORTY-SEVEN LIMITED

SECRETARY

JANE ELIZABETH PRINCE

Address

CAVE FARM , LEEK , STAFFS , ST13 7RY

Country of Origin

BRITISH

Date of Birth

29/05/1968

Appointment Date

01/10/1999

 

 

Recently Resigned Directors (last 3)

 

DIRECTOR

PAUL  DARLINGTON

Occupation

DIRECTOR

Address

18 , CLAYMERE AVENUE , ROCHDALE , LANCS , - -

Country of Origin

BRITISH

Date of Birth

29/01/1962

Resignation Date

23/12/2003

DIRECTOR

WALTER JAMES JENKINS

Address

193 , CREWE ROAD , SANDBACH , CHESHIRE , - -

Date of Birth

09/01/1942

Resignation Date

29/11/2002

DIRECTOR

STANLEY GRAHAM BAGNALL

Address

9 , OAKSHAW GROVE , STOKE ON TRENT , - -

Date of Birth

27/02/1949

Resignation Date

19/07/2002

 

 

Share Summary

 

Share Currency:

GBP

Issued at date of report:

40,000 ORD

Shares of 100 pence each

 

 

Prinicipal Shareholders:

Type Of Share

No. of Shares

Value

 

 

 

 

 

 

MR DAVID J CASWELL

ORD

24,800 

24,800.00

 

 

 

 

 

 

MR PETER D CASWELL

ORD

7,600 

7,600.00

 

 

 

 

 

 

JANE E PRINCE

ORD

7,600 

7,600.00

 

 

 

 

 

 

 

 

Mortgages and Charges

 

Total Registered

5

Total Outstanding

2

Total Satisfied

3

Most Recent Mortgage

02/07/2003

 

 

 

Date Registered

04/07/2003

Type

395

Date Created

02/07/2003

Lender

CO-OPERATIVE 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

15/03/2002

Type

395

Date Created

14/03/2002

Lender

THE CO-OPERATIVE BANK P.L.C.

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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Satisfied?

No

 

 

Date Registered

12/05/1999

Type

395

Date Created

10/05/1999

Lender

LLOYDS 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 SEE CHARGE PARTICULARS FORM FOR DETAILS

Satisfied?

Fully

 

 

Date Registered

12/05/1999

Type

403A

Date Created

10/05/1999

Lender

LLOYDS 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 SEE CHARGE PARTICULARS FORM FOR DETAILS

Satisfied?

Fully

 

 

Date Registered

12/02/1980

Type

9999

Date Created

31/01/1980

Lender

BARCLAYS BANK PLC

Secured On

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR OVER ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER.

Details

FIXED & FLOATING CHARGES UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL & BOOKDEBTS UNCALLED CAPITAL, WITH ALL BUILDINGS, FIXTURES FIXED PLANT & MACHINERY

Satisfied?

Fully

 

 

Date Created

31/01/1980

Satisfied?

Fully

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

 

 

Adverse Information

 

 

Administrator Appointment

 

 

Instrument Date

16/09/2005

Gazette Item Date

28/09/2005

Town

CARDIFF

Number Of Administrators

1

Administrator Name

IAN M ROSE AND ROBERT M YOUNG

Firm Name

POPPLETON AND APPLEBY

Address

THE OLD BARN

 

CAVERSWALL PARK

 

CAVERSWALL LANE

 

STOKE ON TRENT

 

STAFFS

 

 

 

ST3 6HP

 

 

Operations

 

 

 

Activities

AGENTS IN INDUSTRIAL EQUIPMENT ETC, MANUFACTURE OF OTHER GENERAL MACHINERY  -  -

Sic Code

Description

5114

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

2924

Manufacture of other general purpose machinery not elsewhere classified

Subsidiaries

01494322  STAFFORDSHIRE PROCESSING LIMITED

 

 

Financial Data

 

Profit and Loss

 

The following figures are shown in units of GBP '000

 

Number of Weeks

52

78

52

52

Accounts Date

31/03/2005

31/03/2004

30/09/2002

30/09/2001

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

52

78

52

52

Accounts Date

31/03/2005

31/03/2004

30/09/2002

30/09/2001

Currency

GBP '000

GBP '000

GBP '000

GBP '000

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

38

52

58

91

 Tangible Assets

38

52

58

91

  Fixed Assets

38

52

58

91

TOTAL CURRENT ASSETS

464

390

885

548

 Total Debtors

130

87

394

299

 Stocks/WIP

333

302

345

248

 Cash

1

1

146

2

TOTAL ASSETS

503

442

944

639

TOTAL CURRENT LIABILITIES

620

583

666

639

 Bank Overdraft

-

183

0

134

 Other Current Liabilities

620

400

666

405

 Misc Current Liabilities

0

0

0

100

WORKING CAPITAL

-156

-194

220

-91

TOTAL LONG TERM LIABS

182

209

250

0

 Other Liabilities

181

209

250

0

 Accruals

1

-

-

0

NET ASSETS/(LIABILITIES)

-299

-350

28

0

SHARE CAPITAL + RESERVES

-299

-350

28

0

 Issued Share Capital

40

40

40

40

 Profit and Loss account

-339

-390

-12

-40

SHAREHOLDERS FUNDS

-299

-350

28

0

CAPITAL EMPLOYED

-117

-142

278

0

 

 

Key Credit Ratios

 

 

Accounts Date

31/03/2005

31/03/2004

30/09/2002

30/09/2001

Current Ratio

0.75

0.67

1.33

0.86

Long Term Debt/T.N.W (%)

-60.82

-59.52

891.97

0.00

Quick Ratio

0.21

0.15

0.81

0.47

T.N.W/Total Assets

-59.56

-79.37

2.97

6.41

Borrowing Ratio

-

-52.30

-

570912.20

Equity Gearing

-59.56

-79.37

2.97

0.01

 

 

Financial Comparison

 

The following figures are shown in units of GBP '000

 

Number of Weeks

52

78

52

52

Accounts Date

31/03/2005

31/03/2004

30/09/2002

30/09/2001

Currency

GBP '000

GBP '000

GBP '000

GBP '000

Other Deferred Liabs

181

209

250

0

Tangible Net Worth(T.N.W)

-299

-350

28

0

Equity

-299

-350

28

0

 

 

 

Key Industry Sector Trends

 

 

 

Company

Industry Averages

 

31/03/2005

Lower

Median

Upper

Current Ratio

0.75

0.8

1.2

2

 

This comparison is based on the results of 0014512 companies in the same industrial sector: commission agents

 

 

 

Financial Summary

 

Tangible Net Worth                             Net worth now stands at GBP -299,417

 

 

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

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions