MIRA
INFORM REPORT
|
Report Date : |
02.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
CHARLES
KENDALL & PARTNERS LIMITED, |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
01/09/1953 |
|
|
|
|
Com. Reg. No.: |
00523210 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company (GB) |
|
|
|
|
Line of Business : |
Purchasing agents |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company
Identification Details
Subject Reported
on CHARLES KENDALL
& PARTNERS LIMITED,
Holding Company
Ultimate Holding
Company CHARLES KENDALL
& PARTNERS (INV
Trading Address
Telephone 020-7589-1256
Credit Limit
GBP
1,309,400
Selling to this
company? The Credit Limit is the recommended maximum outstanding debtor
exposure at any one time.
Contract Limit
GBP
7,334,400
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 00523210
Date of
Incorporation 01/09/1953
Registered Office
Date of Last
Annual Return to Registry 21/09/2006
Activities Purchasing agents.
Subject represents Overseas governments.
Accounts The last filed
accounts cover the period to 31/12/2005 and were
filed
on 01/11/2006
Recently Filed
Documents
Details of the most recent documents
Date Received Description
21/09/2006 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 JOHN
MELVILLE
Occupation CHAIRMAN
Address
Country of Origin BRITISH
Date of Birth 01/09/1931
Appointment Date 30/08/1991
Other Appointments
CHARLES KENDALL & PARTNERS (HOLDINGS) LIMITED, BESTWORLD PACKING LTD., CHARLES ENDALL EXPORT SERVICES LIMITED, VAIRON FORWARDING LIMITED, VAIRON INSURANCE SERVICES LIMITED, STERLING CARGO LIMITED, PORT TO PORT LIMITED, MALADEAN LIMITED, ALTITUDE INSPIRES LIMITED, OCEANBOX LIMITED, SEABOX LIMITED, CHARLES KENDALL FREIGHT LIMITED, CHARLES KENDALL & PARTNERS LIMITED,, C H FIELD SERVICES LIMITED, MERRYFIELD EQUIPMENT COMPANY LIMITED, C H FIELD SUPPLY LIMITED, CHARLES KENDALL & PARTNERS (INVESTMENTS) LIMITED, VAIRON & COMPANY LIMITED, BUSSACO LIMITED, CHARLES KENDALL LEASING LIMITED, CARRYFULL LIMITED, CHARLES KENDALL EDUCATION LTD, S.R.TIPPETT & COMPANY LIMITED
DIRECTOR TERENCE
JOHN BOWEN
Occupation COMMERCIAL
DIRECTOR
Address
Country of Origin BRITISH
Date of Birth 23/07/1955
Appointment Date 14/09/1999
Other Appointments CHARLES KENDALL
& PARTNERS LIMITED,
DIRECTOR JOHN POVEY
Occupation BUSINESS
DEVELOPMENT DIRECTOR
Address 7,
Country of Origin BRITISH
Date of Birth 04/10/1954
Appointment Date 14/09/1999
Other Appointments CHARLES KENDALL
& PARTNERS LIMITED,, CHARLES KENDALL
EDUCATION LTD
DIRECTOR MARK
MELVILLE
Occupation COMPANY DIRECTOR
Address
Country of Origin BRITISH
Date of Birth 12/01/1972
Appointment Date 02/01/2003
Other Appointments
CHARLES KENDALL & PARTNERS (HOLDINGS) LIMITED, BESTWORLD PACKING LTD., ALTITUDE INSPIRES LIMITED, CHARLES KENDALL FREIGHT LIMITED, CHARLES KENDALL & PARTNERS LIMITED,, C H FIELD SERVICES LIMITED, CHARLES KENDALL & PARTNERS (INVESTMENTS) LIMITED
DIRECTOR MARTYN
CUTHBERT BISHOP
Occupation COMPANY DIRECTOR
Address 7,
Country of Origin BRITISH
Date of Birth 23/12/1956
Appointment Date 30/11/2005
Other Appointments
CHARLES KENDALL & PARTNERS (HOLDINGS) LIMITED, THIRTY-TWO UPPER BROOK STREET LIMITED, ALTITUDE INSPIRES LIMITED, CHARLES KENDALL & PARTNERS LIMITED,, C H FIELD SUPPLY LIMITED, CHARLES KENDALL & PARTNERS (INVESTMENTS) LIMITED, ALDENHAM HARRIERS LIMITED
SECRETARY MR
GORDON MITCHELL
Address
Country of Origin BRITISH
Date of Birth 10/12/1947
Appointment Date 12/02/1999
Recently Resigned
Directors (last 3)
DIRECTOR CHARLES ANTHONY
GRANT BAYLEY
Occupation PURCHASING
DIRECTOR
Address 7 ,
Country of Origin BRITISH
Date of Birth 11/09/1944
Resignation Date 06/07/2006
DIRECTOR JOHN FREDERICK
MACGREGOR MONKHOUSE
Occupation FINANCE DIRECTOR
Address 7 ,
Country of Origin BRITISH
Date of Birth 22/11/1945
Resignation Date 23/11/2005
DIRECTOR SOPHIA
DIANA SPARKE
Occupation COMPANY DIRECTOR
Address 7 ,
Country of Origin BRITISH
Date of Birth 04/07/1973
Resignation Date 30/06/2005
Share Summary
Share information is not held for this company.
Mortgages and Charges
Total Registered 1
Total Outstanding 1
Total Satisfied 0
Most Recent
Mortgage 22/08/2002
Date Registered 28/08/2002
Type 395
Date Created 22/08/2002
Lender BARCLAYS BANK PLC
Secured On
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details
CHARLES KENDALL & PARTNERS LIMITED BARCLAYS CURRENT ACCOUNT, ACCOUNT NO. 60064866 THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON
Satisfied? No
Public Record
Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities Purchasing agents.
Subject represents Overseas governments.
Sic Code Description
5170 Other
wholesale
5170 Other
wholesale
Staff Employed 50
Auditors Roffe Swayne
Auditors Notes No Qualification.
The Auditors have expressed a clean opinion (i.e. unqualified
with
no referrals) on the latest accounts.
Bankers Lloyds TSB Bank
Plc
Sort Codes 300008
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 |
25,734 |
12,067 |
5,686 |
3,442 |
|
Export Sales |
22,708 |
10,070 |
3,289 |
1,890 |
|
Cost of goods sold |
17,791 |
7,123 |
0 |
0 |
|
GROSS PROFIT |
7,943 |
4,944 |
5,686 |
3,442 |
|
General administration costs (-) |
5,688 |
4,247 |
4,014 |
3,271 |
|
Wages and Salaries |
3,026 |
2,073 |
1,803 |
1,273 |
|
Net Operating Profit(Loss) |
2,256 |
697 |
1,672 |
171 |
|
Non Trading Income |
267 |
164 |
63 |
58 |
|
Total Non Trading Income |
267 |
164 |
63 |
58 |
|
Interest expenses & similar (-) |
12 |
- |
9 |
1 |
|
Financial Expenses |
12 |
0 |
9 |
1 |
|
PRE TAX PROFIT |
2,511 |
860 |
1,726 |
228 |
|
Other Taxation |
-8 |
1 |
0 |
-13 |
|
Taxation |
769 |
264 |
524 |
74 |
|
PROFIT AFTER TAX |
1,750 |
595 |
1,202 |
166 |
|
Net Profit |
1,750 |
595 |
1,202 |
166 |
|
Dividends Payable |
200 |
100 |
100 |
100 |
|
RETAINED PROFITS |
1,550 |
495 |
1,102 |
66 |
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 |
0 |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
20,634 |
10,058 |
9,909 |
8,693 |
|
Trade Debtors |
1,769 |
1,696 |
1,659 |
1,749 |
|
Other Receivables |
137 |
255 |
293 |
76 |
|
Prepaid expenses |
1,454 |
363 |
- |
- |
|
Group Loans |
474 |
1,336 |
2,749 |
2,616 |
|
Cash |
16,792 |
6,408 |
5,207 |
4,252 |
|
Tax Recoverable |
8 |
- |
- |
- |
|
TOTAL ASSETS |
20,634 |
10,058 |
9,909 |
8,693 |
|
TOTAL CURRENT LIABILITIES |
14,033 |
5,107 |
5,453 |
5,339 |
|
Trade Creditors |
8,969 |
2,833 |
1,403 |
2,648 |
|
Bank Overdraft |
79 |
- |
- |
- |
|
Taxes |
384 |
24 |
593 |
156 |
|
Other Current Liabilities |
1,790 |
1,293 |
2,232 |
1,826 |
|
Due From Group |
1,492 |
858 |
1,101 |
630 |
|
Accruals & deferred income |
1,319 |
- |
23 |
79 |
|
WORKING CAPITAL |
6,601 |
4,951 |
4,456 |
3,354 |
|
TOTAL LONG TERM LIABS |
0 |
100 |
100 |
100 |
|
NET ASSETS/(LIABILITIES) |
6,601 |
4,951 |
4,456 |
3,354 |
|
SHARE CAPITAL + RESERVES |
6,601 |
4,851 |
4,356 |
3,254 |
|
Issued Share Capital |
40 |
40 |
40 |
40 |
|
Profit and Loss account |
6,561 |
4,811 |
4,316 |
3,214 |
|
SHAREHOLDERS FUNDS |
6,601 |
4,851 |
4,356 |
3,254 |
|
CAPITAL EMPLOYED |
6,601 |
4,951 |
4,456 |
3,354 |
|
TANGIBLE NET WORTH |
6,601 |
4,851 |
4,356 |
3,254 |
Key Credit Ratios
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Current Ratio |
1.47 |
1.97 |
1.82 |
1.63 |
|
Profit Before Tax |
0.10 |
0.07 |
0.30 |
0.07 |
|
Creditors Days (D.P.O) |
184.01 |
145.17 |
|
|
|
Quick Ratio |
- |
- |
- |
- |
|
T.N.W/Total Assets |
0.32 |
0.48 |
0.44 |
0.37 |
|
Return on Capital |
38.04 |
17.37 |
38.73 |
6.80 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.01 |
0.01 |
|
Equity Gearing |
- |
0.49 |
0.44 |
0.33 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
Turnover
Turnover increased
by more than 113% in the period. Turnover totalled GBP 25,734,000 for the
period.
Operating Profit
Totalled GBP
2,256,000 In the period prior a profit of GBP 697,000 was
achieved.
Pre Tax
The subject made a
profit of GBP 2,511,000 compared with a profit of GBP 860,000 in
the previous period.
Working Capital
The company's
working capital improved in the period by 33%
Tangible Net Worth
Net worth
increased by 1,750,000 during the period and now stands at GBP 6,601,000
Long Term Liabilities
The company's long
term liabilities increased during the period by 1219% and are now 20% of net
worth compared with 2% in the previous period
Long Term
Liabilities
Long term
liabilities are now 6% of total assets compared with 1% 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. |
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%)