MIRA INFORM REPORT

 

 

Report Date :

10.07.2007

 

IDENTIFICATION DETAILS

 

Name :

WILLIAM ROWLAND LIMITED

 

 

Registered Office :

9 Meadow Street, Sheffield, S3 7BL

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

06/07/1965

 

 

Com. Reg. No.:

00853661

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Non-ferrous metal ferro-alloy and metal powder stockholders   

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Company Identification Details

 

 

Subject Reported on

WILLIAM ROWLAND LIMITED

Holding Company

AMALGAMATED METAL INVESTMENT HOLDINGS LTD

Ultimate Holding Company

AMCO INVESTMENTS LTD

Trading Address

9 Meadow St,SHEFFIELD,S3 7BL

 

 

Telephone

01142-769421

 

 

 

 

 

Risk Score

Very Low Risk - There is every confidence this company will prove good for the assigned Credit Limit

 

 

 

Credit Limit

GBP   319,100

 

 

Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

 

 

 

 

Contract Limit

GBP   1,303,300

 

 

Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

 

 

 

Official Company Data

 

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

00853661

Date of Incorporation

06/07/1965

Registered Office

9 Meadow Street, Sheffield, S3 7BL

Date of Last Annual Return to Registry

23/03/2007

Activities

Non-ferrous metal ferro-alloy and metal powder stockholders   

Accounts

The last filed accounts cover the period to 31/12/2005

 

 

Recently Filed Documents

 

Details of the most recent documents

 

Date Received

Description

23/03/2007

Annual Return

31/12/2005

Financial Statement / Set of Accounts

 

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

 

 

Known Directors

 

 

 

DIRECTOR

MICHAEL  FORD

  Occupation

ACCOUNTANT

  Address

19,  ALLUM LANE ELSTREE , BOREHAMWOOD , HERTS , WD6 3LU

  Country of Origin

BRITISH

  Date of Birth

15/12/1947

  Appointment Date

23/03/1992

  Other Appointments

KEELING & WALKER,LIMITED, ESSEX METALLURGICAL CO.LIMITED, WILLIAM ROWLAND LIMITED, MOUNTSTAR METAL CORPORATION LIMITED, AMC PG LIMITED, AMALGAMATED METAL INVESTMENT HOLDINGS LIMITED, BROOKSIDE METAL COMPANY LIMITED

DIRECTOR

DAVID PETER COOPER

  Occupation

METAL DEALER

  Address

16,  WAXLAND ROAD , HALESOWEN , WEST MIDLANDS , B63 3DW

  Country of Origin

BRITISH

  Date of Birth

22/12/1953

  Appointment Date

01/10/1996

  Other Appointments

WILLIAM ROWLAND LIMITED

DIRECTOR

GILES PRUEN ROBBINS

  Occupation

ENGINEER

  Address

PINEHURST ,  BRASTED CHART , WESTERHAM , KENT , TN16 1NB

  Country of Origin

BRITISH

  Date of Birth

27/08/1960

  Appointment Date

26/11/1997

  Other Appointments

KEELING & WALKER,LIMITED, BRITISH METAL CORPORATION LIMITED(THE), AMALGAMATED METAL CORPORATION PLC, CONSOLIDATED TIN SMELTERS,LIMITED, BRITISH AMALGAMATED METAL INVESTMENTS LIMITED, B METALS LIMITED, ESSEX METALLURGICAL CO.LIMITED, WILLIAM ROWLAND LIMITED, MOUNTSTAR METAL CORPORATION LIMITED, AMALGAMATED METAL INVESTMENT HOLDINGS LIMITED, MIL-VER METAL COMPANY LIMITED, BROOKSIDE METAL COMPANY LIMITED, METAL AND GENERAL LIMITED, AMCO INVESTMENTS LIMITED

DIRECTOR

HAMISH TERENCE KINNEAR BROWN

  Occupation

ACCOUNTANT

  Address

48A,  QUEENS ROAD , HERTFORD , SG13 8BB

  Country of Origin

BRITISH

  Date of Birth

21/05/1957

  Appointment Date

18/07/2000

  Other Appointments

KEELING & WALKER,LIMITED, B METALS LIMITED, WILLIAM ROWLAND LIMITED, MIL-VER METAL COMPANY LIMITED, BROOKSIDE METAL PENSION TRUSTEES LIMITED

SECRETARY

MR  GEOFFREY MORLEY

  Address

150 FIFE STREET,  WINCOBANK , SHEFFIELD , SOUTH YORKSHIRE , S9 1NR

  Country of Origin

BRITISH

  Appointment Date

//

 

 

Recently Resigned Directors (last 3)

 

 

 

DIRECTOR

MALCOLM  SHALE

  Occupation

METALLURGIST / TRADER

  Address

10 , JAMES ANDREW CRESCENT , SHEFFIELD , - -

  Country of Origin

BRITISH

  Date of Birth

02/09/1945

  Resignation Date

31/03/2004

DIRECTOR

ROBERT GREGORY BURGIN

  Occupation

METALLURGIST

  Address

168 , MOORGATE ROAD , ROTHERHAM , SOUTH YORKSHIRE , - -

  Country of Origin

BRITISH

  Date of Birth

27/07/1946

  Resignation Date

28/05/2003

DIRECTOR

KENNETH  BATSON

  Occupation

MERCHANT

  Address

18 , BEVERLEY CLOSE , SUTTON COLDFIELD , WEST MIDLANDS , - -

  Date of Birth

14/12/1938

  Resignation Date

23/03/2001

 

 

Share Summary

 

Priniciple Shareholders:

Type Of Share

No. of Shares

Value

%age

 

 

 

 

 

Giles P Robbins

 

 

 

0.00

 

 

 

 

 

 

 

Mortgages and Charges

 

There are no mortgages

 

 

 

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

 

There are no unsatisfied CCJs against the company.

 

 

Operations

 

 

 

Activities

Non-ferrous metal ferro-alloy and metal powder stockholders   

Sic Code

Description

5152

Wholesale of metals and metal ores

Staff Employed

35

Auditors

BDO Stoy Hayward LLP

Auditors Notes

No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.

Bankers

Barclays Bank PLC

Sort Codes

207689

 

 

Financial Data

 

The following figures are shown in units of 000

 

Profit and Loss

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2005

31/12/2004

31/12/2003

31/12/2002

Currency

GBP

GBP

GBP

GBP

Consolidated?

No

No

No

No

SALES

30,628

27,625

21,563

22,217

Other operating income

14

16

21

10

Raw materials, consumables

27,637

-

19,069

19,631

Cost of Goods Sold

27,637

-

19,069

19,631

GROSS PROFIT

2,991

2,805

2,494

2,587

Wages and Salaries

944

937

952

967

Depreciation

49

67

87

112

Other operating charges

730

721

554

568

Net Operating Profit(Loss)

1,281

1,095

855

917

Non Trading Income

2

0

-

0

Total Non Trading Income

2

0

0

0

Interest expenses & similar (-)

13

16

38

14

Other financial charges

256

192

144

204

Financial Expenses

269

208

182

218

PRE TAX PROFIT

1,015

887

674

699

Other Taxation

-4

0

0

0

Taxation

314

270

208

215

PROFIT AFTER TAX

704

617

466

484

Net Profit

704

617

466

484

Dividends Payable

1,163

617

466

484

RETAINED PROFITS

-459

0

0

0

 

Balance Sheet

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2005

31/12/2004

31/12/2003

31/12/2002

Currency

GBP

GBP

GBP

GBP

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

305

315

310

398

 Land & buildings

234

242

224

231

 Plant, machinery & equipment

71

73

86

167

TOTAL CURRENT ASSETS

8,539

9,746

6,835

6,303

 Stocks

3,219

3,361

3,195

2,441

 Trade Debtors

5,223

5,785

3,488

3,778

 Other Receivables

74

-

87

40

 Group Loans

4

85

47

27

 Cash

0

421

1

0

 Tax Recoverable

20

16

17

17

TOTAL ASSETS

8,844

10,061

7,145

6,702

TOTAL CURRENT LIABILITIES

5,671

7,046

4,630

4,187

 Trade Creditors

1,964

2,526

2,200

1,457

 Bank Overdraft

72

-

5

159

 Taxes

576

598

368

294

 Due From Group

2,378

3,175

1,479

1,708

 Proposed Dividend

546

617

466

484

 Accruals & deferred income

135

-

-

-

WORKING CAPITAL

2,868

2,700

2,204

2,116

TOTAL LONG TERM LIABS

2,000

2,000

1,500

1,500

 Debts to group companies

2,000

2,000

1,500

1,500

NET ASSETS/(LIABILITIES)

3,173

3,015

2,515

2,515

SHARE CAPITAL + RESERVES

1,173

1,015

1,015

1,015

 Issued Share Capital

400

400

400

400

 Profit and Loss account

773

615

615

615

SHAREHOLDERS FUNDS

1,173

1,015

1,015

1,015

CAPITAL EMPLOYED

3,173

3,015

2,515

2,515

TANGIBLE NET WORTH

1,173

1,015

1,015

1,015

 

 

 

Key Credit Ratios

 

 

Accounts Date

31/12/2005

31/12/2004

31/12/2003

31/12/2002

Current Ratio

1.51

1.38

1.48

1.51

Profit Before Tax

0.03

0.03

0.03

0.03

Creditors Days (D.P.O)

25.94

37.15

42.11

27.09

Quick Ratio

-

-

-

-

Return on Assets

11.48

8.82

9.43

10.43

T.N.W/Total Assets

0.13

0.10

0.14

0.15

Return on Capital

0.32

0.29

0.27

0.28

Working Capital/Sales

0.00

0.00

0.00

0.00

Equity Gearing

0.01

0.01

0.01

0.01

Stock Turnover

0.00

0.00

0.00

0.00

 

 

 

Financial Summary

 

Turnover

Turnover increased by more than 11% in the period. Turnover totaled GBP  30,628,000 for the period.

Operating Profit

Totaled GBP 1,281,000 In the period prior a profit of GBP   1,095,000 was achieved.

Pre Tax

The subject made a profit of GBP  1,015,000 compared with a profit of GBP  887,000 in the previous period.

Working Capital

The company's working capital improved in the period by 6%

Tangible Net Worth

Net worth increased by 158,000 during the period and now stands at GBP  1,173,000

Fixed Assets

The subjects fixed assets reduced during the period by GBP  9,000 to GBP  305,000 and are now 3% of total assets compared with 3% in the previous period

Long Term Liabilities

The company's long term liabilities increased during the period by 7% and are now 182% of net worth compared with 197% in the previous period

Long Term Liabilities

Long term liabilities are now 24% of total assets compared with 20% in the previous period

 

 

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