MIRA
INFORM REPORT
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Report Date : |
20.10.2007 |
IDENTIFICATION DETAILS
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Name : |
LEONARD STEVENSON LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.04.2006 |
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Date of Incorporation : |
20/08/1993 |
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Com. Reg. No.: |
02846441 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Hardware wholesalers, importer and distributor
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RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification
Details
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Subject Reported on |
LEONARD STEVENSON LIMITED |
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Trading Address |
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Telephone |
01274-493937 |
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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 34,300 |
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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 66,700 |
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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 |
02846441 |
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Date of Incorporation |
20/08/1993 |
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Registered Office |
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Date of Last Annual Return to Registry |
20/08/2006 |
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Activities |
Hardware wholesalers, importer and distributor
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Accounts |
The last filed accounts cover the period to 30/04/2006 and
were filed on 12/10/2006 |
Recently Filed
Documents
Details of the most recent documents
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Date
Received |
Description |
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20/08/2006 |
Annual Return |
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30/04/2006 |
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 |
IMPORTER |
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Address |
MAYFIELD HOUSE , |
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Country of Origin |
BRITISH |
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Date of Birth |
23/10/1929 |
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Appointment Date |
20/08/1993 |
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Other Appointments |
HOMELOVER HOUSEWARE LIMITED, LEONARD STEVENSON
LIMITED |
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SECRETARY |
MS BLANCHE STEVENSON |
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Address |
MAYFIELD, |
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Country of Origin |
BRITISH |
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Date of Birth |
29/03/1930 |
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Appointment Date |
20/08/1993 |
Recently Resigned
Directors (last 3)
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None |
Share Summary
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Leonard Stevenson |
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100.00 |
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Mortgages and
Charges
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Total Registered |
2 |
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Total Outstanding |
2 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
27/12/2006 |
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Date Registered |
09/01/2007 |
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Type |
395 |
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Date Created |
27/12/2006 |
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Lender |
RBS INVOICE FINANCE LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
28/05/1996 |
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Type |
395 |
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Date Created |
21/05/1996 |
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Lender |
NATIONAL WESTMINSTER 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 |
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 |
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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 |
Hardware wholesalers, importer and distributor
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Sic Code |
Description |
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5147 |
Wholesale of other household goods |
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Staff Employed |
8 |
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Auditors |
Bartfields ( |
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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 |
National Westminster Bank PLC Payment Control |
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Sort Codes |
604070 |
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Bankers |
National Westminster Bank PLC |
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Sort Codes |
535021 |
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 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
30/04/2003 |
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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 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
30/04/2003 |
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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 |
15 |
2 |
3 |
6 |
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Total Fixed Assets |
15 |
2 |
3 |
6 |
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TOTAL CURRENT ASSETS |
824 |
730 |
640 |
747 |
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Stocks |
643 |
561 |
515 |
546 |
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Trade Debtors |
181 |
169 |
125 |
201 |
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Cash |
0 |
0 |
0 |
0 |
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TOTAL ASSETS |
838 |
732 |
643 |
753 |
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TOTAL CURRENT LIABILITIES |
238 |
175 |
98 |
179 |
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Bank Overdraft |
127 |
- |
- |
- |
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Other Current Liabilities |
111 |
175 |
98 |
179 |
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WORKING CAPITAL |
586 |
555 |
542 |
568 |
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TOTAL LONG TERM LIABS |
500 |
443 |
455 |
476 |
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Other Long Term Liabilities |
500 |
443 |
455 |
476 |
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NET ASSETS/(LIABILITIES) |
601 |
557 |
545 |
573 |
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SHARE CAPITAL + RESERVES |
100 |
114 |
91 |
97 |
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Issued Share Capital |
25 |
25 |
25 |
25 |
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Profit and Loss account |
75 |
89 |
66 |
72 |
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SHAREHOLDERS FUNDS |
100 |
114 |
91 |
97 |
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CAPITAL EMPLOYED |
600 |
557 |
546 |
573 |
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TANGIBLE NET WORTH |
100 |
114 |
91 |
97 |
Key Credit Ratios
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Accounts Date |
30/04/2006 |
30/04/2005 |
30/04/2004 |
30/04/2003 |
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Current Ratio |
3.46 |
4.17 |
6.53 |
4.17 |
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Quick Ratio |
0.76 |
0.97 |
1.28 |
1.12 |
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T.N.W/Total Assets |
0.12 |
0.16 |
0.14 |
0.13 |
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Equity Gearing |
0.00 |
0.00 |
0.00 |
0.00 |
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 reduced by 14,000 during the period and now
stands at GBP 100,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by
GBP 13,000 to GBP 15,000 and are now 2% of total assets compared
with 0% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the
period by 13% and are now 500% of net worth compared with 389% in the
previous period |
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Long Term Liabilities |
Long term liabilities are now 60% of total assets compared
with 61% 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%)