MIRA INFORM REPORT

 

 

Report Date :

16.10.2007

 

IDENTIFICATION DETAILS

 

Name :

CHARLES BENTLEY & SON LIMITED

 

 

Registered Office :

Stoughton Hse, Harborough Rd Oadby, Leicester, Leics LE2 4LP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

16/01/1979

 

 

Com. Reg. No.:

01409627

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Other wholesale

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

Company Identification Details

 

 

Subject Reported on

CHARLES BENTLEY & SON LIMITED

Trading Address

37 DERBY RD,LOUGHBOROUGH,LE11 5AD

 

 

 

 

 

 

Average Risk - This company has an average risk status and should be treated with a degree of caution

 

 

Credit Limit

GBP   600

 

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

 

 

Contract Limit

GBP   600

 

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

 

 

Significant Event

 

PLEASE NOTE CHANGE OF NAME

 

 

Official Company Data

 

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

01409627

Date of Incorporation

16/01/1979

Registered Office

Stoughton Hse, Harborough Rd Oadby, Leicester, Leics LE2 4LP

Date of Last Annual Return to Registry

31/12/2006

Activities

Activities not ascertained during the course of investigations.   

Accounts

The last filed accounts cover the period to 31/03/2006 and were filed on 30/04/2007

 

 

Recently Filed Documents

 

Details of the most recent documents

 

Date Received

Description

31/12/2006

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

CHARLES WILLIAM BENTLEY

  Occupation

BRUSH MANUFACTURER

  Address

LONG GABLE 82,  THRUSSINGTON ROAD RATCLIFFE ON THE WREAKE , LEICESTER , LE7 4SQ

  Country of Origin

BRITISH

  Date of Birth

01/10/1953

  Appointment Date

31/12/1990

  Other Appointments

ABBEY WOODTURNING LIMITED, CHARLES BENTLEY & SON LIMITED

SECRETARY

MS  SHIRLEY BENTLEY

  Address

LONG GABLE,  82 THRUSSINGTON ROAD , RATCLIFFE ON THE WREAKE , LEICESTERSHIRE , LE7 4SQ

  Country of Origin

BRITISH

  Appointment Date

24/11/2004

 

 

Recently Resigned Directors (last 3)

 

 

 

DIRECTOR

MR ROBERT GLYN BENTLEY

  Occupation

BRUSH MANUFACTURER

  Address

40 , OUTWOODS ROAD , LOUGHBOROUGH , LEICS , - -

  Country of Origin

BRITISH

  Date of Birth

09/04/1955

  Resignation Date

31/03/2004

DIRECTOR

RAYMOND  BENTLEY

  Occupation

BRUSH MANUFACTURER

  Address

, BROOKSIDE BROWNS LANE , LOUGHBOROUGH , LEICS , - -

  Date of Birth

20/09/1927

  Resignation Date

14/07/1994

 

 

Share Summary

 

 

Priniciple Shareholders:

Type Of Share

No. of Shares

Value

%age

 

 

 

 

 

Charles William Bentley

 

 

 

50.00

 

 

 

 

 

Shirley Bentley

 

 

 

50.00

 

 

 

 

 

 

 

 

 

 

 

Mortgages and Charges

 

 

 

Total Registered

2

Total Outstanding

2

Total Satisfied

0

Most Recent Mortgage

14/10/2005

 

 

 

 

 

Date Registered

18/10/2005

Type

395

Date Created

14/10/2005

Lender

NATIONAL WESTMINSTER BANK PLC

Secured On

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details

1 MONARCH WAY BELTON ROAD TRADING ESTATE LOUGHBOROUGH LEICESTERSHIRE BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Satisfied?

No

 

 

Date Registered

13/11/1995

Type

395

Date Created

08/11/1995

Lender

NATIONAL WESTMINSTER BANK PLC

Secured On

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details

A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Satisfied?

No

 

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

 

There are no unsatisfied CCJs against the company.

 

 

 

 

 

Operations

 

 

 

Activities

Activities not ascertained during the course of investigations.   

Sic Code

Description

5170

Other wholesale

5170

Other wholesale

Staff Employed

 

Auditors

HLB Vantis Audit PLC

Auditors Notes

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

 

 

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?

No

No

No

No

RETAINED PROFITS

-

-

-

-

 

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?

No

No

No

No

TOTAL FIXED ASSETS

3,641

105

128

167

 Total Fixed Assets

3,277

105

128

167

 Intangible Assets

364

-

-

-

TOTAL CURRENT ASSETS

4,997

20

25

26

 Stocks

2,370

-

-

-

 Trade Debtors

2,625

20

25

26

 Cash

1

-

-

-

TOTAL ASSETS

8,637

125

153

193

TOTAL CURRENT LIABILITIES

4,978

18

75

138

 Bank Overdraft

2,184

7

64

-

 Other Current Liabilities

2,794

11

11

138

WORKING CAPITAL

18

2

-50

-112

TOTAL LONG TERM LIABS

3,357

0

0

0

 Mortgages and loans

1,937

-

-

-

 Other Long Term Liabilities

1,420

-

-

-

NET ASSETS/(LIABILITIES)

3,659

107

78

55

SHARE CAPITAL + RESERVES

302

107

78

55

 Issued Share Capital

0

0

0

0

 Profit and Loss account

302

107

78

55

SHAREHOLDERS FUNDS

302

107

78

55

CAPITAL EMPLOYED

3,659

107

78

55

TANGIBLE NET WORTH

-62

107

78

55

 

 

 

Key Credit Ratios

 

 

Accounts Date

31/03/2006

31/03/2005

31/03/2004

31/03/2003

Current Ratio

1.00

1.11

0.33

0.19

Quick Ratio

0.53

-

-

-

T.N.W/Total Assets

-0.01

0.86

0.51

0.28

Equity Gearing

0.00

-

-

-

 

 

 

Financial Summary

 

Working Capital

The company's working capital improved in the period by 800%

Tangible Net Worth

Net worth reduced by 169,000 during the period and now stands at GBP  -62,000

Fixed Assets

The subjects fixed assets increased during the period by GBP  3,172,000 to GBP  3,277,000 and are now 38% of total assets compared with 84% 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%)

 

 

 

 

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