MIRA INFORM REPORT

Report Date :

10.05.2007

IDENTIFICATION DETAILS

Name :	BBC WORLDWIDE LTD

Registered Office :	Woodlands, 80 Wood La, London W12 0TT

Country :	United Kingdom

Financials (as on) :	31.03.2006

Date of Incorporation :	15/05/1979

Com. Reg. No.:	01420028

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Magazine, Books & Video Publishers

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Unknown

Litigation :	Clear

Company Identification Details


Subject Reported on	BBC WORLDWIDE LTD
Holding Company	BBC Ventures Group Ltd
Trading Address	WOODLANDS,80 WOOD LA,LONDON,W12 0TT

Telephone	020-8433-2000

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	01420028
Date of Incorporation	15/05/1979
Registered Office	Woodlands, 80 Wood La, London W12 0TT
Date of Last Annual Return to Registry	13/07/2006
Activities	Magazine , Books & Video Publishers
Accounts	The last filed accounts cover the period to 31/03/2006

Recently Filed Documents

Details of the most recent documents

Date Received	Description
13/07/2006	Annual Return
31/03/2006	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

DAVID KING

Occupation

DIRECTOR

Address

52, GROVE PARK TERRACE CHISWICK , LONDON , W4 3QE

Country of Origin

BRITISH

Date of Birth

07/08/1959

Appointment Date

26/03/1999

Other Appointments

BBC WORLDWIDE LTD , BBC WORLD SERVICE TELEVISION LIMITED, BBC WORLDWIDE INVESTMENTS LTD , UK GOLD BROADCASTING LTD , UK GOLD TELEVISION LTD , UK GOLD SERVICES LTD , FLEXTECH SATELLITE INVESTMENTS LTD , EUROPEAN CHANNEL BROADCASTING LTD , EUROPEAN CHANNEL MANAGEMENT LTD , UK GOLD HOLDINGS LTD , WORLDWIDE CHANNEL INVESTMENTS LTD , UK CHANNEL MANAGEMENT LTD , UK PROGRAMME DISTRIBUTION LTD , WORLDWIDE CHANNEL INVESTMENTS (EUROPE) LIMITED, GAMEZLAB LTD , BEEB RIGHTS LTD , UKTV INTERACTIVE LTD , NEWINCCO 133 LTD , UKTV NEW VENTURES LTD , BEEB VENTURES LTD , 2 ENTERTAIN LTD , WOODLANDS RIGHTS LTD , BBC.COM LTD

DIRECTOR

PETER SANGSTER PHIPPEN

(One or more of this director's other companies has adverse information related to it)

Occupation

DIRECTOR

Address

OAK ACRE , TEMPLEWOOD LANE STOKE POGES , SLOUGH , SL2 4BG

Country of Origin

BRITISH

Date of Birth

09/02/1960

Appointment Date

01/07/1997

Other Appointments

WILDLIFE PUBLICATIONS LTD , BBC WORLDWIDE LTD , FRONTLINE LTD , PERIODICAL PUBLISHERS ASSOCIATION LTD, WOODLANDS PUBLISHING LTD , MOTION GALLERY LTD , WOODLANDS PUBLISHING (MAGAZINES) LTD , BBC HAYMARKET EXHIBITIONS LTD , GALLEON LTD , WORLDWIDE CHANNEL INVESTMENTS LTD , DOVETAIL SERVICES (UK) HOLDINGS LTD , BBC MAGAZINES LTD , BRISTOL MAGAZINES LTD , MAGAZINE SERVICES LTD

DIRECTOR

MARK CHRISTOPHER YOUNG

Occupation

DIRECTOR

Address

HOGERTY HILL , LUNGHURST ROAD WOLDINGHAM , CATERHAM , SURREY , CR3 7HE

Country of Origin

BRITISH

Date of Birth

04/05/1961

Appointment Date

31/03/1995

Other Appointments

WILDLIFE PUBLICATIONS LTD , BBC WORLDWIDE LTD , WOODLANDS PUBLISHING LTD , MOTION GALLERY LTD , WOODLANDS PUBLISHING (MAGAZINES) LTD , BBC WORLDWIDE MUSIC LTD., BBC WORLD SERVICE TELEVISION LIMITED, BBC WORLDWIDE INVESTMENTS LTD , EUROPEAN CHANNEL BROADCASTING LTD , EUROPEAN CHANNEL MANAGEMENT LTD , WORLDWIDE CHANNEL INVESTMENTS LTD , WORLDWIDE CHANNEL INVESTMENTS (EUROPE) LIMITED, GAMEZLAB LTD , CHILDREN'S CHARACTER BOOKS LTD , WORLDWIDE CHILDREN'S CO-PRODUCTIONS LTD , RAGDOLL DEVELOPMENTS LTD , RD RIGHTS LTD , RAGDOLL WORLDWIDE HOLDINGS LTD , RAGDOLL WORLDWIDE LTD

DIRECTOR

SARAH FELICITY COOPER

Occupation

DIRECTOR

Address

35, DUKE ROAD , LONDON , W4 2BA

Country of Origin

BRITISH

Date of Birth

05/06/1963

Appointment Date

31/03/2000

Other Appointments

BBC WORLDWIDE LTD , BEEB RIGHTS LTD , NEWINCCO 133 LTD , BEEB VENTURES LTD , WOODLANDS BOOKS LTD , WOODLANDS RIGHTS LTD

DIRECTOR

CHRISTOPHER CHARLES WELLER

(One or more of this director's other companies has adverse information related to it)

Occupation

DIRECTOR

Address

421, LIVERPOOL ROAD , LONDON , N7 8PR

Country of Origin

BRITISH

Date of Birth

25/02/1950

Appointment Date

23/10/2002

Other Appointments

BBC AUDIOBOOKS LTD, BBC WORLDWIDE LTD , F-BEAT LTD , DEMON RECORDS LTD , DEMON MUSIC GROUP LTD , COVER TO COVER CASSETTES LTD , 2 ENTERTAIN VIDEO LTD , CRIMSON PRODUCTIONS LTD , MCI MUSIC PUBLISHING LTD , BBC VIDEO LTD , 2 ENTERTAIN MANAGEMENT LTD , 2 ENTERTAIN LTD , WOODLANDS BOOKS LTD

DIRECTOR

DAVID CHARLES MOODY

Occupation

COMPANY DIRECTOR

Address

111, SULGRAVE ROAD , LONDON , W6 7QH

Country of Origin

BRITISH

Date of Birth

24/09/1967

Appointment Date

08/12/2004

Other Appointments

BBC WORLDWIDE LTD , BBC WORLDWIDE MUSIC LTD., WOODLANDS RIGHTS LTD , BBC.COM LTD

DIRECTOR

PAULA HORNBY

Occupation

HR DIRECTOR

Address

52, ONSLOW GARDENS , LONDON , SW7 3QA

Country of Origin

BRITISH

Date of Birth

22/06/1958

Appointment Date

01/02/2005

Other Appointments

BBC WORLDWIDE LTD , ROMAFAST PROPERTIES LTD

DIRECTOR

JOHN BARRY SMITH

(One or more of this director's other companies has adverse information related to it)

Occupation

COMPANY DIRECTOR

Address

CHILTERN COTTAGE , CHRISTMAS COMMON , WATLINGTON , OXON , OX49 5HL

Country of Origin

BRITISH

Date of Birth

16/08/1957

Appointment Date

18/03/2005

Other Appointments

BBC WORLDWIDE LTD , HENLEY FESTIVAL LTD , SEVERN TRENT PLC, SEVERN TRENT WATER LTD, UK GOLD HOLDINGS LTD , UK CHANNEL MANAGEMENT LTD , UK PROGRAMME DISTRIBUTION LTD , BBC COMMERCIAL HOLDINGS LTD , BBC VENTURES GROUP LTD , UKTV INTERACTIVE LTD , BBC PROPERTY LTD , BBC PROPERTY DEVELOPMENT LTD , BBC PROPERTY INVESTMENT LTD , UKTV NEW VENTURES LTD , BORLASE SMART JOHN WELLS TRUST LTD

DIRECTOR

DARREN MICHAEL CHILDS

Occupation

TELEVISION EXECUTIVE

Address

70, MADRID ROAD BARNES , LONDON , SW13 9PG

Country of Origin

BRITISH

Date of Birth

10/03/1966

Appointment Date

21/10/2005

Other Appointments

BBC WORLDWIDE LTD , UK GOLD BROADCASTING LTD , UK GOLD TELEVISION LTD , UK GOLD SERVICES LTD , FLEXTECH SATELLITE INVESTMENTS LTD , EUROPEAN CHANNEL BROADCASTING LTD , EUROPEAN CHANNEL MANAGEMENT LTD , UK GOLD HOLDINGS LTD , WORLDWIDE CHANNEL INVESTMENTS LTD , UK CHANNEL MANAGEMENT LTD , UK PROGRAMME DISTRIBUTION LTD , UKTV NEW VENTURES LTD , 90 SANDROCK ROAD LTD

DIRECTOR

WAYNE GARVIE

Occupation

DIRECTOR

Address

THE OLD RECTORY , BROMESWELL , WOODBRIDGE , SUFFOLK , IP12 2PJ

Country of Origin

BRITISH

Date of Birth

09/09/1963

Appointment Date

31/01/2006

Other Appointments

BBC WORLDWIDE LTD , ROYAL TELEVISION SOCIETY

DIRECTOR

NICHOLAS JOHN ELDRED

Occupation

SOLICITOR

Address

10, WAVERLEY ROAD , ST ALBANS , HERTS , AL3 5PA

Country of Origin

BRITISH

Date of Birth

11/04/1963

Appointment Date

31/01/2006

Other Appointments

BBC WORLDWIDE LTD , BBC DIGITAL PROGRAMME SERVICES LTD , BBC COMMERCIAL HOLDINGS LTD , BBC FREE TO VIEW LTD

DIRECTOR

ETIENNE MARQUARD DE VILLIERS

Occupation

BUSINESS EXECUTIVE

Address

22, BOLTON GARDENS , LONDON , SW5 0AQ

Country of Origin

BRITISH

Date of Birth

19/08/1949

Appointment Date

31/01/2006

Other Appointments

BBC WORLDWIDE LTD

DIRECTOR

JANA EVE BENNETT

Occupation

TV EXECUTIVE

Address

15, PERRYN ROAD ACTON , LONDON , W3 7LR

Country of Origin

AMERICAN

Date of Birth

06/11/1955

Appointment Date

31/01/2006

Other Appointments

BBC WORLDWIDE LTD , COMIC RELIEF LTD , CHARITY PROJECTS

DIRECTOR

ZARIN PATEL

Occupation

COMPANY DIRECTOR

Address

3, DE HAVILLAND DRIVE HAZLEMERE , HIGH WYCOMBE , BUCKS , HP15 7FP

Country of Origin

BRITISH

Date of Birth

18/02/1961

Appointment Date

31/01/2006

Other Appointments

BBC WORLDWIDE LTD , BBC PENSION TRUST LTD, BBC COMMERCIAL HOLDINGS LTD

DIRECTOR

SIMON JAMES CLIFT

Occupation

CHIEF MARKETING OFFICER

Address

5, AUGUSTINE ROAD , LONDON , W14 0HZ

Country of Origin

BRITISH

Date of Birth

12/03/1958

Appointment Date

01/11/2006

Other Appointments

BBC WORLDWIDE LTD

SECRETARY

MR JAMES STEVENSON

Address

FLAT 33, 100 DRAYTON PARK , LONDON , N5 1NF

Country of Origin

BRITISH

Appointment Date

22/07/2003

Recently Resigned Directors (last 3)


DIRECTOR	DAVID ALAN VINE
Occupation	DIRECTOR
Address	34 , BURRAGA AVENUE , NSW 2084 , AUSTRALIA , - -
Country of Origin	AUSTRALIAN/BRITISH
Date of Birth	18/03/1956
Resignation Date	21/07/2006
DIRECTOR	MR MICHAEL JOHN PHILLIPS
Occupation	DIRECTOR
Address	14 , SHEEN COMMON DRIVE , RICHMOND , SURREY , - -
Country of Origin	BRITISH
Date of Birth	13/04/1945
Resignation Date	31/03/2006
DIRECTOR	ROBERT VINCENT MCCALL
Occupation	DIRECTOR
Address	HIGHFIELDS , SHENSTONE HILL , BERKHAMSTED , HERTS , - -
Country of Origin	BRITISH
Date of Birth	01/08/1946
Resignation Date	01/02/2005

Share Summary

Share information is not held for this company.

Mortgages and Charges


Total Registered	1
Total Outstanding	0
Total Satisfied	1
Most Recent Mortgage	20/11/1992


Date Registered	01/12/1992
Type	395
Date Created	20/11/1992
Lender	BERLINER BANK AG
Secured On	ALL MONIES DUE FROM THE BRITISH BROADCASTING CORPORATION TO THE CHARGEE UNDER THE TERMS OF THE COMPLETION GUARANTEE DATED 20/11/92
Details	ALL THE CHARGORS EXISTING AND FUTURE BENEFIT IN AND TO THE FILM ENTITLED "THE HAWK".SEE FORM 395 FOR ,FULL DETAILS
Satisfied?	Fully

Date Registered	01/12/1992
Type	403A
Date Created	20/11/1992
Lender	BERLINER BANK AG
Secured On	ALL MONIES DUE FROM THE BRITISH BROADCASTING CORPORATION TO THE CHARGEE UNDER THE TERMS OF THE COMPLETION GUARANTEE DATED 20/11/92
Details	ALL THE CHARGORS EXISTING AND FUTURE BENEFIT IN AND TO THE FILM ENTITLED "THE HAWK".SEE FORM 395 FOR ,FULL DETAILS
Satisfied?	Fully

Public Record Information

Summary of CCJ's/Scottish Decrees

There are 7 exact unsatisfied CCJs totaling GBP 46616 in the last 72 months

Details of most recent CCJ's/Scottish Decrees

21/02/2007, a Judgment of "GBP" 504 was made in LEEDS court (Case No. 7LS00748 ) against B B C Worldwide Ltd, R/o Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

29/08/2006, a Judgment of "GBP" 8495 was made in NUNEATON court (Case No. 6NU01673 ) against B B C Worldwide, Room E148, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

29/03/2004, a Judgment of "GBP" 2690 was "Satisfied" in NORTHAMPTON court (Case No. XM378446 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

17/02/2004, a Judgment of "GBP" 3551 was made in NORTHAMPTON court (Case No. 4XQ46470 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

12/01/2004, a Judgment of "GBP" 2690 was made in NORTHAMPTON court (Case No. XM378446 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

24/10/2003, a Judgment of "GBP" 2093 was made in EDMONTON court (Case No. ED309681 ) against B B C Worldwide Ltd, R/o Bbc Videos For Education & Training Woodlands, 80 Wood Lane, London, LONDON POSTAL, W12 0TT

17/03/2003, a Judgment of "GBP" 2551 was "Satisfied" in NORTHAMPTON court (Case No. XM375231 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

04/03/2003, a Judgment of "GBP" 29886 was made in BRISTOL court (Case No. BS301763 ) against B B C Worldwide Ltd, R/o Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

04/02/2003, a Judgment of "GBP" 2551 was made in NORTHAMPTON court (Case No. XM375231 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

04/11/2002, a Judgment of "GBP" 1447 was made in STRATFORD-ON-AVON court (Case No. SV200828 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

19/06/2002, a Judgment of "GBP" 640 was made in NORTHAMPTON court (Case No. QZ202129 ) against B B C Worldwide Ltd, Woodlands, 80 Wood La, London, LONDON POSTAL, W12 0TT

Operations


Activities	Magazine, Books & Video Publishers
Sic Code	Description
2215	Other publishing
Staff Employed	3000
Auditors	KPMG 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	203647

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	31/03/2006	31/03/2005	31/03/2004	31/03/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	Yes	Yes	Yes	Yes
SALES	556,000	545,100	569,900	578,500
Export Sales	281,600	234,300	239,800	247,300
Other operating income	31,200
Cost of goods sold	341,300	335,400	368,100	376,000
GROSS PROFIT	214,700	209,700	201,800	202,500
Other Expenses	147,000	137,400	131,700	133,400
General administration costs (-)	20,000	34,500	35,400	38,100
Wages and Salaries	84,200	95,500	91,300	92,659
Depreciation	88,300	86,800	94,900	94,300
Net Operating Profit(Loss)	78,900	37,800	34,700	31,000
Non Trading Income	1,700	200	800	1,000
Group Non Trading Income	600
Other financial income	10,200	20,100	2,000	2,900
Total Non Trading Income	12,500	20,300	2,800	3,900
Interest expenses & similar (-)	4,100	5,700	100	2,100
Other financial charges	500	2,700	3,200	1,500
Financial Expenses	4,600	8,400	3,300	3,600
PRE TAX PROFIT	86,800	49,700	34,200	31,300
Other Taxation	19,000	20,500	9,500	6,300
Taxation	5,600	2,000	2,500	3,400
PROFIT AFTER TAX	62,200	27,200	22,200	21,600
Exceptional Income	100	-500	-400	-100
Net Profit	62,100	27,700	22,600	21,700
Dividends Payable	57,300	15,700	47,200	42,000
RETAINED PROFITS	4,800	12,000	-24,600	-20,300

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/03/2006	31/03/2005	31/03/2004	31/03/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	Yes	Yes	Yes	Yes
TOTAL FIXED ASSETS	182,100	167,900	139,900	129,700
Land & buildings	2,300	800	1,100	800
Plant, machinery & equipment	9,800	10,700	12,700	11,600
Intermediate Assets	150,700	135,700	109,300	109,900
Intangible Assets	19,300	20,300	16,800	7,400
TOTAL CURRENT ASSETS	207,100	215,300	226,600	219,800
Stocks	14,400	18,500	29,200	27,000
Trade Debtors	89,500	98,000	96,200	100,100
Other Receivables	13,000	17,100	9,000	10,500
Prepaid expenses	35,600	53,200	61,400	37,000
Group Loans	19,900	4,200	9,000	6,000
Cash	25,600	15,200	9,900	27,600
Tax Recoverable	6,400	5,500	11,900	11,600
own shares	2,700	3,600
TOTAL ASSETS	389,200	383,200	366,500	349,500
TOTAL CURRENT LIABILITIES	263,900	263,800	289,200	224,900
Trade Creditors	40,900	38,500	32,300	37,700
Bills of exchange payable (short term)	5,300	67,600	1,600
Taxes	21,900	800	10,700	400
Other Current Liabilities	25,600	31,500	54,200	87,700
Due From Group	57,800	23,500	86,300	3,200
Accruals & deferred income	112,400	100,100	83,900	64,200
WORKING CAPITAL	-56,800	-48,500	-62,600	-5,100
TOTAL LONG TERM LIABS	14,900	15,900	8,200	28,800
Taxation	14,900	13,600	8,100	7,800
NET ASSETS/(LIABILITIES)	125,300	119,400	77,300	124,600
SHARE CAPITAL + RESERVES	110,400	103,500	69,100	95,800
Issued Share Capital	200	200	200	200
Profit and Loss account	110,200	103,300	68,900	95,600
SHAREHOLDERS FUNDS	110,400	103,500	69,100	95,800
CAPITAL EMPLOYED	125,300	119,400	77,300	124,600
TANGIBLE NET WORTH	91,100	83,200	52,300	88,400

Key Credit Ratios

Accounts Date	31/03/2006	31/03/2005	31/03/2004	31/03/2003
Current Ratio	0.78	0.82	0.78	0.98
Profit Before Tax	0.16	0.09	0.06	0.05
Creditors Days (D.P.O)	43.74	41.90	32.03	36.60
Quick Ratio	-	-	-	-
Return on Assets	39.60	21.91	14.23	13.48
T.N.W/Total Assets	0.23	0.22	0.14	0.25
Return on Capital	-1.94	-1.34	-0.70	4.29
Working Capital/Sales	0.00	0.00	0.00	0.00
Equity Gearing	0.06	0.05	0.06	0.03
Stock Turnover	0.00	0.00	0.00	0.00

Financial Summary

Turnover	Turnover increased by more than 2% in the period. Turnover totaled GBP 556,000,000 for the period.
Operating Profit	Totaled GBP 78,900,000 In the period prior a profit of GBP 37,800,000 was achieved.
Pre Tax	The subject made a profit of GBP 86,800,000 compared with a profit of GBP 49,700,000 in the previous period.
Working Capital	The company's working capital deficiency increased in the period and now stands at GBP 56,800,000
Tangible Net Worth	Net worth increased by 7,900,000 during the period and now stands at GBP 91,100,000
Fixed Assets	The subjects fixed assets increased during the period by GBP 600,000 to GBP 12,100,000 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 10% and are now 140% of net worth compared with 139% in the previous period
Long Term Liabilities	Long term liabilities are now 33% of total assets compared with 30% 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