MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
NORTH SEA CABLES LIMITED |
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Registered Office : |
Noskab House, Badentoy Crescent Portlethen, Aberdeen,
Aberdeenshire, AB12 4NH |
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Country : |
U.K. |
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Date of Incorporation : |
04/03/2003 |
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Com. Reg. No.: |
SC245021 |
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Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
Wholesaling of Cable Products. |
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 |
NORTH SEA CABLES LIMITED |
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Holding Company |
JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL) LIMITED |
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Ultimate Holding Company |
JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL) LIMITED |
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Trading Name |
NOSKAB |
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Risk Score |
79 out of 100 |
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Low Risk - There is a high degree of confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 400 |
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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 3,200 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited with share capital |
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Registration Number |
SC245021 |
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Date of Incorporation |
04/03/2003 |
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Registered Office |
NOSKAB HOUSE, BADENTOY CRESCENT PORTLETHEN, ABERDEEN,
ABERDEENSHIRE, AB12 4NH |
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History |
04/04/2003 : Change of name from CORNERALL LIMITED |
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Date of Last Annual Return to Registry |
04/03/2006 |
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Activities |
WHOLESALING OF CABLE PRODUCTS. THE TRADE, ASSETS AND LIABILITIES
OF THE COMPANY WERE TRANSFERRED TO ITS PARENT UNDERTAKING, JOHN MACLEAN AND
SONS ELECTRICAL (DINGWALL) LIMITED ON 1ST APRIL 2004. - - |
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Accounts |
The last filed accounts cover the period to 31/03/2005 and were
presented to Companies House on 22/11/2005 |
Recently Filed Documents
Details of the most recent documents
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Date Received |
Description |
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07/05/2003 |
Notification Of A Change Among The Directors Of A Company |
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14/04/2003 |
Notification Of A Change Among The Directors Of A Company |
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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 |
DIRECTOR |
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Address |
BENULA 75 , SALTBURN , INVERGORDON , ROSSSHIRE
, IV18 0JZ |
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Date of Birth |
01/03/1955 |
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Appointment Date |
27/03/2003 |
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Other Appointments |
JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL) LIMITED, NOSKAB LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
11, RIVERFORD CRESCENT CONON BRIDGE, DINGWALL,
ROSSSHIRE , IV7 8HL |
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Date of Birth |
22/11/1954 |
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Appointment Date |
27/03/2003 |
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Other Appointments |
R.A. HALL LIMITED, JOHN MACLEAN AND SONS ELECTRICAL
(DINGWALL) LIMITED, MACLEAN MARINE LIMITED, NOSKAB
LIMITED, ZANCAN LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
DUART HOUSE, WEST TIRINISH, SPEAN BRIDGE, INVERNESSSHIRE , PH34 4EU |
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Country of Origin |
BRITISH |
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Date of Birth |
09/10/1956 |
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Appointment Date |
30/04/2003 |
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Other Appointments |
JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL) LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
TEARLACH HOUSE , KIRKHILL , INVERNESS
, IV5 7PB |
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Date of Birth |
19/03/1955 |
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Appointment Date |
30/04/2003 |
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Other Appointments |
R.A. HALL LIMITED, JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL)
LIMITED, MACLEAN MARINE LIMITED, NORTH (SCOTLAND) INDUSTRIES
LIMITED, NOSKAB LIMITED, ZANCAN LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
GLENORAN , BEAULY, INVERNESSSHIRE, IV4 7EQ |
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Date of Birth |
10/07/1927 |
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Appointment Date |
30/04/2003 |
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Other Appointments |
JOHN MACLEAN AND SONS ELECTRICAL (DINGWALL) LIMITED, CASA
ELECTRONIC PRODUCTS LIMITED, MACLEAN LIGHTING SYSTEMS LTD., MACLEAN
LIGHTING LTD., ORD INDUSTRIAL & COMMERCIAL SUPPLIES
LIMITED, ORD STORAGE SERVICES LTD. |
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SECRETARY |
GORDON WILLIAM CARSWELL |
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Address |
11 , RIVERFORD CRESCENT , DINGWALL , ROSSSHIRE
, IV7 8HL |
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Date of Birth |
22/11/1954 |
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Appointment Date |
27/03/2003 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED - |
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Occupation |
COMPANY DIRECTOR |
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Address |
BONNINGTON BOND , ANDERSON PLACE , EDINBURGH
, - - |
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Resignation Date |
27/03/2003 |
Share Summary
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Share Currency: |
GBP |
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Issued at date of report: |
1 ORD |
Shares of 100 pence each |
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Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
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JOHN MACLEAN AND SONS ELECTRICAL DINGWALL LTD |
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1 |
1.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
19/05/2003 |
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Date Registered |
03/06/2003 |
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Type |
410 |
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Date Created |
19/05/2003 |
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Lender |
CLYDESDALE BANK PUBLIC LIMITED COMPANY |
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Secured On |
ALL SUMS DUE, OR TO BECOME DUE |
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Details |
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE OF
THE COMPANY INCLUDING UNCALLED CAPITAL |
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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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Activities |
WHOLESALING OF CABLE PRODUCTS. THE TRADE, ASSETS AND LIABILITIES
OF THE COMPANY WERE TRANSFERRED TO ITS PARENT UNDERTAKING, JOHN MACLEAN AND
SONS ELECTRICAL (DINGWALL) LIMITED ON 1ST APRIL 2004. - - |
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Sic Code |
Description |
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5190 |
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Auditors |
ERNST AND YOUNG LLP |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the accounts for the period ended
31/03/2005. |
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Bankers |
CLYDESDALE BANK PLC |
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Sort Codes |
826301 |
Financial Data
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Profit and Loss |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
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Accounts Date |
31/03/2005 |
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Currency |
GBP '000 |
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Consolidated? |
No |
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RETAINED PROFITS |
0 |
Balance Sheet
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
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Accounts Date |
31/03/2005 |
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Currency |
GBP '000 |
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Consolidated? |
No |
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TOTAL CURRENT ASSETS |
3 |
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Total Debtors |
3 |
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Group Loans |
3 |
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TOTAL ASSETS |
3 |
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TOTAL CURRENT LIABILITIES |
0 |
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WORKING CAPITAL |
3 |
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NET ASSETS/(LIABILITIES) |
3 |
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SHARE CAPITAL + RESERVES |
3 |
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Issued Share Capital |
0 |
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Profit and Loss account |
3 |
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SHAREHOLDERS FUNDS |
3 |
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CAPITAL EMPLOYED |
3 |
Key Credit Ratios
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Accounts Date |
31/03/2005 |
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Current Ratio |
- |
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Long Term Debt/T.N.W (%) |
0.00 |
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Quick Ratio |
- |
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T.N.W/Total Assets |
100.00 |
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Equity Gearing |
100.00 |
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Financial
Comparison |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
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Accounts Date |
31/03/2005 |
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Currency |
GBP '000 |
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Auditors Remuneration |
0 |
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Other Deferred Liabs |
0 |
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Tangible Net Worth(T.N.W) |
3 |
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Equity |
3 |
Key Industry Sector
Trends
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Company |
Industry Averages |
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31/03/2005 |
Lower |
Median |
Upper |
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This comparison is based on the results of 0019357 companies in
the same industrial sector: wholesale distribution (not motor vehicles etc) |
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/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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