MIRA
INFORM REPORT
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Report Date : |
23.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MURPHY & SON LIMITED |
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Registered Office : |
Alpine Street, Old Basford, Nottingham, NG6 0HQ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14/12/1909 |
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Com. Reg. No.: |
00106442 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Plastics Floor Coverings |
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 |
MURPHY & SON LIMITED |
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Ultimate Holding Company |
MURPHY & SON LTD |
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Trading Address |
Alpine Street, Old Basford,NOTTINGHAM,NG6 0HQ |
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Telephone |
01159-785494 |
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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 338,200 |
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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 3,639,300 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
00106442 |
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Date of Incorporation |
14/12/1909 |
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Registered Office |
Alpine Street, Old Basford, Nottingham, NG6 0HQ |
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Date of Last Annual Return to Registry |
13/07/2007 |
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Activities |
PLASTICS FLOORCOVERINGS |
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 25/07/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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13/07/2007 |
Annual Return |
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31/03/2007 |
Financial Statement / Set of Accounts |
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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 |
VETERINARY SURGEON/CHAIRMAN |
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Address |
7, ADDISON AVENUE , LONDON , W11 4QS |
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Country of Origin |
BRITISH |
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Date of Birth |
15/02/1938 |
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Appointment Date |
13/07/1991 |
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Other Appointments |
MURPHY & SON LIMITED, MICRO-AUDIT
LIMITED, AMYLEAU LIMITED, E STREET LIMITED |
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DIRECTOR |
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Occupation |
CHARTERED ACCOUNTANT |
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Address |
YEW TREE COTTAGE , UNTHANK LANE HOLMESFIELD
, DRONFIELD , DERBYSHIRE , S18 7WF |
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Country of Origin |
BRITISH |
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Date of Birth |
07/01/1938 |
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Appointment Date |
13/07/1991 |
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Other Appointments |
SUTTON AND PHILLIPS,LIMITED, MURPHY & SON
LIMITED, PARKIN SILVERSMITHS LIMITED, SOLPRO MANUFACTURING LIMITED, SOLPRO
CHEMICAL COMPANY LIMITED, SOLPRO FINANCE LIMITED, JACK SPENCER
(GOLDSMITHS) LIMITED, THESSCO LIMITED, HS (529)
LIMITED, ELKINGTON SHEFFIELD LIMITED, THE SHEFFIELD MINT
LIMITED, THE HORSLEYGATE ESTATE COMPANY LIMITED, AMYLEAU
LIMITED, SOPISA UK LIMITED, ARGENTUM LIMITED, JAMES DIXON
& SONS LIMITED |
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DIRECTOR |
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Occupation |
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Address |
19, MILL LANE ST IPPOLYTS , HITCHIN
, HERTS , SG4 7NN |
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Date of Birth |
25/04/1951 |
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Appointment Date |
13/07/1991 |
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Other Appointments |
SUTTON AND PHILLIPS,LIMITED, MURPHY & SON
LIMITED, MICRO-AUDIT LIMITED, AMYLEAU LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
TORTON GROVE , TORTON LANE HARTLEBURY , KIDDERMINSTER
, WORCS , DY11 7SG |
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Country of Origin |
BRITISH |
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Date of Birth |
09/12/1943 |
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Appointment Date |
01/10/2001 |
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Other Appointments |
MURPHY & SON LIMITED, L.F.I. (U.K.)
LIMITED, LAYTON FOOD INGREDIENTS LIMITED, THE COMPOSTING COMPANY
LIMITED, TOLLBLEND LIMITED, ST.GEORGE'S BREWING COMPANY
LIMITED, ASCOT FOOD INGREDIENTS LIMITED, BIOCON
LIMITED, VITAMIX LIMITED, HIGHLAND GOLF COMPANY LTD. |
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DIRECTOR |
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Occupation |
TECHNICAL DIRECTOR |
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Address |
6, APPLEGATE CLOSE OAKWOOD , DERBY
, DE21 2SL |
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Country of Origin |
BRITISH |
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Date of Birth |
07/10/1959 |
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Appointment Date |
10/07/2002 |
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Other Appointments |
MURPHY & SON LIMITED |
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SECRETARY |
MR STEPHEN HALE |
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Address |
HONEYWOOD HOUSE, 19 MILL LANE, ST. IPPOLYTS
, HITCHIN , HERTFORDSHIRE , SG4 7NN |
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Country of Origin |
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Date of Birth |
25/04/1951 |
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Appointment Date |
13/07/1991 |
Recently Resigned Directors (last
3)
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DIRECTOR |
THOMAS J ARNOLD |
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Address |
139 , SANDRIDGE ROAD , ST ALBANS , HERTS
, - - |
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Date of Birth |
10/12/1914 |
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Resignation Date |
05/07/2001 |
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DIRECTOR |
PETER J GOULD |
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Occupation |
CHARTERED ACCOUNTANT |
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Address |
8 , KILMINGTON WAY , CHRISTCHURCH , DORSET
, - - |
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Date of Birth |
10/11/1917 |
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Resignation Date |
05/07/2001 |
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DIRECTOR |
HOWIESON RENNIE |
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Address |
1 BIRKLANDS PARK , LONDON ROAD , ST ALBANS
, HERTS , - - |
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Date of Birth |
11/04/1930 |
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Resignation Date |
04/07/2000 |
Share Summary
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Shareholder Name |
Percentage |
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Mr J A Carmichael & Mr J E S Dunn |
100.00% |
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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 |
29/02/1988 |
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Date Registered |
09/03/1988 |
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Type |
9999 |
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Date Created |
29/02/1988 |
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Lender |
BARCLAYS BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
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Details |
6 STATION ROAD WHEATHAMPSTEAD HERTFORDSHIRE TNO HD 1737179
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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 |
PLASTICS FLOORCOVERINGS |
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Sic Code |
Description |
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3663 |
Other manufacturing not elsewhere classified |
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Staff Employed |
25 |
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Auditors |
Wilkins Kennedy |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
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Bankers |
Barclays Bank PLC P.O. Box 104 |
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Sort Codes |
207409 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
4,334 |
3,816 |
3,737 |
3,526 |
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Total Fixed Assets |
3,710 |
3,157 |
3,023 |
3,075 |
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Intermediate Assets |
449 |
474 |
519 |
266 |
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Intangible Assets |
175 |
185 |
195 |
185 |
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TOTAL CURRENT ASSETS |
2,051 |
2,034 |
1,804 |
1,696 |
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Stocks |
587 |
592 |
391 |
393 |
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Trade Debtors |
619 |
601 |
634 |
480 |
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Cash |
750 |
741 |
679 |
723 |
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Marketable Securities |
95 |
100 |
100 |
100 |
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TOTAL ASSETS |
6,384 |
5,849 |
5,541 |
5,221 |
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TOTAL CURRENT LIABILITIES |
744 |
800 |
739 |
607 |
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Other Current Liabilities |
744 |
800 |
739 |
607 |
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WORKING CAPITAL |
1,306 |
1,233 |
1,065 |
1,089 |
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TOTAL LONG TERM LIABS |
6 |
11 |
1 |
2 |
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Other Long Term Liabilities |
6 |
11 |
1 |
2 |
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NET ASSETS/(LIABILITIES) |
5,640 |
5,049 |
4,802 |
4,613 |
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SHARE CAPITAL + RESERVES |
5,634 |
5,038 |
4,802 |
4,612 |
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Issued Share Capital |
40 |
40 |
40 |
40 |
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Reserves |
1,499 |
1,038 |
1,038 |
1,038 |
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Profit and Loss account |
4,095 |
3,960 |
3,724 |
3,534 |
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SHAREHOLDERS FUNDS |
5,634 |
5,038 |
4,802 |
4,612 |
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CAPITAL EMPLOYED |
5,640 |
5,049 |
4,803 |
4,614 |
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TANGIBLE NET WORTH |
5,459 |
4,853 |
4,606 |
4,427 |
Key Credit Ratios
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Current Ratio |
2.76 |
2.54 |
2.44 |
2.79 |
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Quick Ratio |
1.97 |
1.80 |
1.91 |
2.15 |
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T.N.W/Total Assets |
0.86 |
0.83 |
0.83 |
0.85 |
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Equity Gearing |
9.10 |
4.41 |
46.06 |
22.14 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by 6%
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Tangible
Net Worth |
Net worth increased by 606,000 during the period and now
stands at GBP 5,459,000 |
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Fixed
Assets |
The subjects fixed assets increased during the period by
GBP 553,000 to GBP 3,710,000 and are now 58% of total assets
compared with 54% in the previous period |
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Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 45% and are now 0% of net worth compared with 0% in the previous
period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in 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 |
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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. |
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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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%)