MIRA
INFORM REPORT
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Report Date : |
06.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
THRISLINGTON PRODUCTS
LIMITED |
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Registered Office : |
Durham Way South,
Aycliffe Ind. Park, Newton Aycliffe, Durham, DL5 6SW |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
17/05/2004 |
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Com. Reg. No.: |
05129575 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacture of
Partitions and Fixtures. |
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 : |
Unknown
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Litigation : |
Clear |
Company Identification Details
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Subject
Reported on |
THRISLINGTON PRODUCTS LIMITED |
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Address
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DURHAM WAY SOUTH,
AYCLIFFE IND. PARK, NEWTON AYCLIFFE, DURHAM, DL5 6SW. |
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Telephone
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01325 320711 |
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Facsimile
|
01325 311899 |
Creditline Recommendations
|
Monthly
Credit Guide |
GBP 31,500 |
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Risk
Category |
LOW NORMAL RISK |
Official Company Data
|
Legal
Form |
Private Limited |
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Registration
Number |
05129575 |
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Date
of Incorporation |
17/05/2004 |
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Registered
Office |
DURHAM WAY SOUTH, AYCLIFFE INDUSTRIAL PARK, NEWTON AYCLIFFE, DURHAM, DL5 6SW. |
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History |
22/05/2004 : The Registered Office address changed from 12 YORK PLACE, LEEDS, WEST YORKSHIRE, LS1 2DS. |
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Date
of Last Annual Return to Registry |
17/05/2006 |
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Accounts
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The last filed accounts at Companies House are those to 31/03/2006 |
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Accounting
Reference Date |
31/03 |
Operations
|
Activities |
MANUFACTURE OF
PARTITIONS AND FIXTURES |
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Nace
Code |
2875 |
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Bankers |
THE ROYAL BANK OF
SCOTLAND PLC |
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Address |
27 PARK ROW, LEEDS,
WEST YORKSHIRE, LS1 5QB. |
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Sort
Code |
162337 |
Public Record
Information
|
Summary
of CCJ's/Scottish Decrees |
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No CCJs/Scottish
Decrees are recorded in our file. |
Summary of Mortgages,
Charges and Satisfactions
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Total Number of Mortgages/Charges Registered |
5 |
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Number Outstanding |
4 |
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Number Partially Satisfied |
0 |
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Number Satisfied |
1 |
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Date of Latest Mortgage Created |
05/09/2005 |
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Date of Latest Satisfaction |
26/03/2005 |
Details of most
recent Mortgages, Charges and Satisfactions
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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15/09/2005 |
05/09/2005 |
Charge Of Deposit |
395 |
The Royal Bank Of Scotland Plc |
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09/09/2005 |
05/09/2005 |
Deed Of Chattel Mortgage |
395 |
Close Asset Finance Ltd |
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09/04/2005 |
01/04/2005 |
Debenture |
395 |
The Royal Bank Of Scotland Plc |
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05/03/2005 |
02/03/2005 |
Fixed And Floating Charge |
395 |
Euro Sales Finance Plc |
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26/03/2005 |
05/08/2004 |
02/08/2004 |
All Assets Debenture |
395 |
Rdm Factors Limited |
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It
should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House. |
Other Filings and
Notices
|
Date |
Source |
Description |
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11/02/2006 |
Companies House
Gazette |
Change among the
directors of a company |
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01/02/2006 |
Companies House
Gazette |
Change among the
directors of a company |
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16/11/2004 |
Companies House
Gazette |
Resolutions which
give, vary, revoke or renew an authority for the purposes of section 80 |
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16/11/2004 |
Companies House
Gazette |
Alteration in
memorandum or articles of association |
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19/08/2004 |
Companies House
Gazette |
Resolutions or
agreements to which section 380 applies (relating to shares, rights or names) |
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19/08/2004 |
Companies House Gazette |
Resolutions which
give, vary, revoke or renew an authority for the purposes of section 80 |
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19/08/2004 |
Companies House
Gazette |
Alteration in
memorandum or articles of association |
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22/05/2004 |
Companies House
Gazette |
Change among the
directors of a company |
Company Secretary
|
Secretary |
PETER JOHN BEECROFT |
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Address |
THE ORCHARD, BANK TOP BISHOP MIDDLEHAM, FERRYHILL, COUNTY DURHAM, DL17 9AW. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
07/12/1964 |
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Appointment Date |
17/05/2004 |
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Other Directorships |
THRISLINGTON ENGINEERING COMPANY LIMITED(THE) |
Directors
|
Director |
SHARMAN
CHRISTINE I'ANSON |
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Address |
20 BRAWTON GROVE,
DARLINGTON, COUNTY DURHAM, DL3 0GL. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
21/09/1951 |
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Appointment Date |
01/02/2006 |
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Address |
WEST PASTURES, HIGH
MICKLEY, STOCKSFIELD, NORTHUMBERLAND, NE43 7LU. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
28/10/1961 |
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Appointment Date |
01/02/2006 |
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Address |
THE ORCHARD, BANK TOP
BISHOP MIDDLEHAM, FERRYHILL, COUNTY DURHAM, DL17 9AW. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
07/12/1964 |
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Appointment Date |
17/05/2004 |
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Other Directorships |
THRISLINGTON
ENGINEERING COMPANY LIMITED(THE) |
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Address |
HOWE VILLA, REETH
ROAD, RICHMOND, NORTH YORKSHIRE, DL10 4TJ. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
06/05/1959 |
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Appointment Date |
17/05/2004 |
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Other Directorships |
THRISLINGTON
ENGINEERING COMPANY LIMITED (THE), THRISLINGTON
PRODUCTS INTERNATIONAL LIMITED |
Share Capital
|
Shares |
Ordinary A GBP 1.00 |
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Issued Number |
20,000 |
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Shares |
Ordinary B GBP 1.00 |
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Issued Number |
344 |
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Shares |
Ordinary C GBP 1.00 |
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Issued Number |
169 |
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Principal Shareholder |
10,000 David
Alan Beecroft |
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10,000 Peter
John Beecroft |
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115 David Alan
Beecroft |
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115 Peter John
Beecroft |
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114 David Walker
Bamforth |
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40 Sharman
Christine I'Anson |
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35 Peter George
Booth |
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30 Allan Graham |
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20 Jeffrey James
Patterson |
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20 Kevin Robert
David Nelson |
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The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type. |
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Payment Analysis
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( No Payment Analysis Data is Available ) |
Financial Data
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Profit & Loss Accounts are not available for companies categorised as small companies under the companies act. |
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Balance Sheet |
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
46 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
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Currency |
GBP |
GBP |
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TOTAL FIXED ASSETS |
279 |
295 |
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Tangible Assets |
277 |
292 |
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Intangible Assets |
2 |
3 |
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TOTAL CURRENT ASSETS |
1709 |
1300 |
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Trade debtors |
1017 |
964 |
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Stocks |
662 |
326 |
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Other Current Assets |
30 |
10 |
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Cash |
30 |
10 |
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TOTAL ASSETS |
1988 |
1595 |
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TOTAL CURRENT LIABILITIES |
1593 |
1211 |
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Trade creditors |
1593 |
1211 |
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WORKING CAPITAL |
116 |
89 |
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TOTAL LONG TERM LIABS |
171 |
197 |
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NET ASSETS/(LIABILITIES) |
224 |
187 |
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SHARE CAPITAL + RESERVES |
224 |
187 |
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Share Cap + Sundry Res |
21 |
20 |
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Profit and Loss account |
203 |
167 |
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SHAREHOLDERS FUNDS |
224 |
187 |
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CAPITAL EMPLOYED |
395 |
384 |
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Financial Comparison |
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
46 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
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Currency |
GBP |
GBP |
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Liquid Assets |
1047 |
974 |
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Net Working Capital |
116 |
89 |
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Other Deferred Liabs |
171 |
197 |
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Tangible Net Worth(T.N.W) |
222 |
184 |
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Equity |
224 |
187 |
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Number of Years Trading |
2 |
1 |
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Key
Credit Ratios |
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The following figures are shown as Ratios or Percentages |
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Accounts Date |
31/03/2006 |
31/03/2005 |
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Current Ratio |
1.1 |
1.1 |
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Quick Ratio |
0.7 |
0.8 |
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T.N.W/Total Assets% |
11.2 |
11.5 |
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Equity Gearing% |
12.7 |
13.3 |
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Key Industry Sector
Trends
|
Year |
2006 |
2005 |
2004 |
2003 |
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Sample Size |
1375 |
4937 |
5088 |
4880 |
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Pre-Tax Profit Margin |
12.5 |
7.1 |
6.6 |
4.7 |
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Current Ratio |
1.7 |
1.6 |
1.5 |
1.5 |
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Borrowing Ratio |
54.6 |
39.7 |
36.5 |
39.4 |
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Return on Capital |
66.3 |
37.8 |
36.9 |
28.5 |
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Creditors Days |
39 |
51 |
47 |
58 |
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Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector : Manufacture of other fabricated metal products |
Financial Summary
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Auditors
Qualification |
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The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined. |
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No
Turnover |
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The company's balance sheet total is less than GBP 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000. |
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No
Pre-Tax Profit |
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The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Shareholders Funds shown on the Balance Sheet is GBP 37,000 increase. This suggests that the Company may have made a post-tax profit of GBP 37,000. |
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Working
Capital |
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The company's working capital has increased by 30 % in the period. |
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Net
Worth |
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Net worth has increased by 20 % and now stands at GBP 224,000. |
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Fixed
Assets |
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The subject's fixed assets reduced during the year by GBP 16,000 to GBP 279,000 and are now 14 % of total assets compared with 18 % in the previous year. |
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Long
Term Liabilities |
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The company's long term liabilities reduced during the period by 13 % and are now 76 % of net worth compared with 105 % in the previous period. |
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Long
Term Liabilities |
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Long term liabilities are now 9 % of total liabilities compared with 12 % in the previous period. |
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Long
Term Liabilities |
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Long term liabilities are 43 % of capital employed, a decrease of 8 % over 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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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