MIRA
INFORM REPORT
|
Report Date : |
11.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TURBINE BLADING LIMITED |
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Registered Office : |
The Arena, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24/06/1976 |
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Com. Reg. No.: |
01265008 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Precision engineers, specialising in manufacture and
repair of turbine blades and other turbine components for both steam and gas
tubines. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
TURBINE BLADING LIMITED |
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Holding Company |
GE Inspection & Repair Services Ltd |
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Ultimate Holding Company |
General Electric Company |
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Trading Address |
New Factory, |
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Telephone |
01608-665710 |
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Risk Score |
Very Low Risk - There is every confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 1,701,500 |
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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 13,460,000 |
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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 |
01265008 |
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Date of Incorporation |
24/06/1976 |
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Registered Office |
The Arena, |
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Date of Last Annual Return to Registry |
15/10/2006 |
|
Activities |
Precision engineers, specialising in manufacture and
repair of turbine blades and other turbine components for both steam and gas
tubines. |
|
Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 10/07/2007 |
Recently Filed
Documents
Details of the most recent documents
|
Date
Received |
Description |
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15/10/2006 |
Annual Return |
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31/12/2006 |
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 |
LEGAL COUNSEL |
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Address |
13, HERONS PLACE OLD ISLEWORTH , ISLEWORTH
, |
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Country of Origin |
BRITISH |
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Date of Birth |
12/09/1958 |
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Appointment Date |
25/10/2001 |
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Other Appointments |
GE ENERGY (UK)
LIMITED, PIGNONE ENGINEERING , ALTAIR FILTER TECHNOLOGY
LTD, ALTAIR VENTILATION PRODUCTS LIMITED, TURBINE BLADING (U.K.)
LIMITED, GE INSPECTION AND REPAIR SERVICES LIMITED, BENTLY NEVADA
(U.K.) LIMITED, TURBINE BLADING LIMITED, ZELLINGER & ZOLLENBERG
LIMITED, PII KERSHAW LIMITED, REFURBISHED TURBINE COMPONENTS
LIMITED, MULTIPLE INDUSTRIES GROUP LIMITED, BOVING NEWTON CHAMBERS
LIMITED, GE RENTALS LIMITED, SMALLWORLDWIDE LIMITED, NC2
LIMITED, GE BOVING CONSTRUCTION LIMITED, BALS ELECTRICAL
ENGINEERING LIMITED, GE SMALLWORLD (UK) LIMITED, GE BOVING HIMACHAL
PRADESH LIMITED, PIPELINE INTEGRITY INTERNATIONAL (RUSSIA)
LIMITED, BHA UK LIMITED, PENPOWER (UK) LIMITED, FLEETWOOD
POWER LIMITED, IGE ENERGY SERVICES (UK) LIMITED, PROGRAMMA ELECTRIC
LIMITED, BAGLAN GENERATING LIMITED, GE ENERGY SERVICES (UK)
LIMITED, BAGLAN PIPELINE LIMITED, BAGLAN OPERATIONS LIMITED, NORTH
CLOUGH WIND ENERGY LIMITED, MOEL DARREN WIND ENERGY LIMITED, SOUTH
CLOUGH WIND ENERGY LIMITED, GE SMALLWORLD GLOBAL HOLDINGS
LIMITED, GE SMALLWORLD AMERICAS HOLDINGS , GE SMALLWORLD ASIA
HOLDINGS LIMITED, SANDCO 709 LIMITED, ALTAIR FILTER TECHNOLOGY
GROUP LIMITED, PIPETRONIX U.K. LIMITED, GE HARRIS ENERGY CONTROL
SYSTEMS UK LIMITED, ASCADA SYSTEMS LIMITED, ASCADA
LIMITED, HAGGIE HILL WIND ENERGY LIMITED, CORBIE SHANK WIND ENERGY
LIMITED, GREENPOWER (GRIFFIN) LIMITED |
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DIRECTOR |
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Occupation |
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Address |
5, |
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Country of Origin |
BRITISH |
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Date of Birth |
04/11/1966 |
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Appointment Date |
01/08/2005 |
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Other Appointments |
GE ENERGY (UK)
LIMITED, PIGNONE ENGINEERING , ALTAIR FILTER TECHNOLOGY
LTD, ALTAIR VENTILATION PRODUCTS LIMITED, GE INSPECTION AND REPAIR
SERVICES LIMITED, BENTLY NEVADA (U.K.) LIMITED, TURBINE BLADING
LIMITED, ZELLINGER & ZOLLENBERG LIMITED, MULTIPLE INDUSTRIES
GROUP LIMITED, BOVING NEWTON CHAMBERS LIMITED, GE RENTALS
LIMITED, SMALLWORLDWIDE LIMITED, NC2 LIMITED, GE BOVING
CONSTRUCTION LIMITED, GE BOVING HIMACHAL PRADESH LIMITED, PII
HOLDINGS LIMITED, PII GROUP LIMITED, PII LIMITED, BHA UK
LIMITED, PENPOWER (UK) LIMITED, FLEETWOOD POWER LIMITED, IGE
ENERGY SERVICES (UK) LIMITED, GE ENERGY SERVICES (UK) LIMITED, PIPELINE
INTEGRITY INTERNATIONAL TRUSTEES LIMITED, PIPELINE INTEGRITY
INTERNATIONAL LIMITED, BAGLAN PIPELINE LIMITED, BAGLAN OPERATIONS
LIMITED, GE SMALLWORLD GLOBAL HOLDINGS LIMITED, GE SMALLWORLD ASIA
HOLDINGS LIMITED, ALTAIR FILTER TECHNOLOGY GROUP LIMITED |
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DIRECTOR |
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Occupation |
SALES ENGINEER |
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Address |
LARGO ZANDONAI 4 , |
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Country of Origin |
IRISH |
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Date of Birth |
27/05/1971 |
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Appointment Date |
03/10/2006 |
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Other Appointments |
GE ENERGY (UK)
LIMITED, PIGNONE ENGINEERING , GE INSPECTION AND REPAIR SERVICES
LIMITED, TURBINE BLADING LIMITED, BOVING NEWTON CHAMBERS
LIMITED, GE RENTALS LIMITED, SMALLWORLDWIDE LIMITED, GE BOVING CONSTRUCTION
LIMITED, GE BOVING HIMACHAL PRADESH LIMITED, BHA UK
LIMITED, PENPOWER (UK) LIMITED, FLEETWOOD POWER LIMITED, IGE
ENERGY SERVICES (UK) LIMITED, BAGLAN GENERATING LIMITED, GE ENERGY
SERVICES (UK) LIMITED, BAGLAN PIPELINE LIMITED, BAGLAN OPERATIONS
LIMITED, GE SMALLWORLD GLOBAL HOLDINGS LIMITED, GE SMALLWORLD ASIA
HOLDINGS LIMITED |
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DIRECTOR |
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Occupation |
TAX MANAGER |
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Address |
THE COACH HOUSE , BRIDGE FARM NEWLAND EASTRINGTON
, GOOLE , NORTH |
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Country of Origin |
BRITISH |
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Date of Birth |
13/08/1959 |
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Appointment Date |
07/02/2005 |
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Other Appointments |
GE ENERGY (UK) LIMITED, PIGNONE
ENGINEERING , ALTAIR FILTER TECHNOLOGY LTD, ALTAIR VENTILATION
PRODUCTS LIMITED, GE INSPECTION AND REPAIR SERVICES LIMITED, BENTLY
NEVADA (U.K.) LIMITED, TURBINE BLADING LIMITED, ZELLINGER &
ZOLLENBERG LIMITED, KIDDER FINANCING AND TRADING, MULTIPLE
INDUSTRIES GROUP LIMITED, GE FINANCING AND TRADING, INTERNATIONAL
GENERAL ELECTRIC (U.S.A.), BOVING NEWTON CHAMBERS LIMITED, GE
RENTALS LIMITED, SMALLWORLDWIDE LIMITED, NC2 LIMITED, GE
BOVING CONSTRUCTION LIMITED, GE BOVING HIMACHAL PRADESH LIMITED, GE
CAPITAL ENERGY FUNDING LIMITED, PENPOWER (UK) LIMITED, FLEETWOOD
POWER LIMITED, IGE ENERGY SERVICES (UK) LIMITED, BAGLAN GENERATING
LIMITED, GE ENERGY SERVICES (UK) LIMITED, BAGLAN PIPELINE
LIMITED, BAGLAN OPERATIONS LIMITED, GE SMALLWORLD GLOBAL HOLDINGS LIMITED, GE
SMALLWORLD ASIA HOLDINGS LIMITED, ALTAIR FILTER TECHNOLOGY GROUP
LIMITED, THE HIGH STREET CENTRE LIMITED |
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SECRETARY |
A G SECRETARIAL LTD |
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Address |
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Country of Origin |
BRITISH |
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Appointment Date |
01/01/2004 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
MARK DAMIEN DIGBY |
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Occupation |
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Address |
CALLE VALLE |
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Country of Origin |
IRISH |
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Date of Birth |
02/04/1961 |
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Resignation Date |
03/10/2006 |
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DIRECTOR |
GWAINE WILLIAM TON |
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Occupation |
COMPANY DIRECTOR |
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Address |
BEECH HILL LODGE , |
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Country of Origin |
AMERICAN |
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Date of Birth |
25/07/1958 |
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Resignation Date |
20/07/2005 |
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DIRECTOR |
RODERICK ANGUS CHRISTIE |
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Occupation |
GENERAL MANAGER ENERGY SERVICE |
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Address |
14 , |
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Country of Origin |
BRITISH |
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Date of Birth |
26/04/1962 |
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Resignation Date |
16/09/2004 |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
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Total Registered |
16 |
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Total Outstanding |
5 |
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Total Satisfied |
11 |
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Most Recent Mortgage |
26/02/1998 |
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Date Registered |
04/03/1998 |
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Type |
395 |
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Date Created |
26/02/1998 |
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Lender |
MIDLAND 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 |
|
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 |
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Satisfied? |
No |
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Date Registered |
29/01/1997 |
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Type |
395 |
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Date Created |
24/01/1997 |
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Lender |
MIDLAND 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 |
CAR PARK AND ADJOINING |
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Satisfied? |
No |
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Date Registered |
24/12/1996 |
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Type |
395 |
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Date Created |
18/12/1996 |
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Lender |
MIDLAND 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 |
|
Details |
STATION ROAD, SHIPSTON-ON-STOUR WARWICKSHIRE; ANY GOODWILL
OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
19/12/1996 |
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Type |
395 |
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Date Created |
18/12/1996 |
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Lender |
MIDLAND 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 |
|
Details |
PROPERTY AT BERRY HILL INDUSTRIAL ESTATE DROITWICH WITH THE
BENEFIT OF ALL RIGHTS AND LICENCES SHARES OR MEMBERSHIP RIGHTS GOODWILL OF
ANY BUSINESS RENTAL AND OTHER MONEY PAYABLE |
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Satisfied? |
No |
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Date Registered |
07/12/1996 |
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Type |
395 |
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Date Created |
03/12/1996 |
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Lender |
MIDLAND 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 |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL, BOOKDEBTS
AND PATENTS |
|
Satisfied? |
No |
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Date Registered |
25/03/1993 |
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Type |
395 |
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Date Created |
15/03/1993 |
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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 |
|
Details |
HELLER HORIZONTAL - PFH10 - M39498 (FOR FULL DETAILS OF
CHARGE SEE FORM 395) |
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Satisfied? |
Fully |
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|
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Date Registered |
10/07/1991 |
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Type |
9999 |
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Date Created |
01/07/1991 |
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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 |
|
Details |
ALL MONEYS NOW OR AT ANY TIME HEREAFTER STANDING TO THE
CREDIT OF ANY ACCOUNT WHETHER ALREADY OPENED OR TO BE OPENED HEREAFTER AND IN
WHATSOEVER CURRENCY SUCH ACCOUNT MAY BE DENOMINATED AND WHETHER WITH THE BANK
OR OPENED BY THE BANK. |
|
Satisfied? |
Fully |
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|
|
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Date Registered |
10/07/1991 |
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Type |
9999 |
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Date Created |
20/06/1991 |
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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 |
|
Details |
PIECE OF LAND NEAR |
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Satisfied? |
Fully |
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|
|
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Date Registered |
31/10/1989 |
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Type |
9999 |
|
Date Created |
12/10/1989 |
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Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL MONEYS NOW OR AT ANY TIME HEREAFTER STANDING TO THE
CREDIT OF ANY ACCOUNT(S) OF THE COMPANY WITH THE BANK DESIGNATED BARCLAYS
BANK PLC, RE: TURBINE BLADING LIMITED UUM |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
31/10/1989 |
|
Type |
9999 |
|
Date Created |
12/10/1989 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL MONEYS NOW OR AT ANY TIME HEREAFTER STANDING TO THE CREDIT
OF ANY ACCOUNT(S) OF THE COMPANY WITH THE BANK DESIGNATED BARCLAYS BANK PLC,
RE: TURBINE BLADING LIMITED EGAT. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
02/10/1989 |
|
Type |
9999 |
|
Date Created |
12/09/1989 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL MONEYS NOW OR AT ANY TIME HEREAFTER STANDING TO THE
CREDIT OF ANY ACCOUNT. OF THE COMPANY WITH THE BANK DESIGNATED BARCLAYS BANK PLC
RE. TURBINE BLADING LIMITED UUM AL JAWABY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
22/02/1989 |
|
Type |
9999 |
|
Date Created |
08/02/1989 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL MONIES NOW OR AT ANY TIME HEREAFTER STANDING TO THE
CREDIT OF ANY ACCOUNT(S) OF THE COMPANY WITH THE BANK DESIGNATED BARCLAYS
BANK PLC RE. TURBINE BLADING LIMITED |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
26/08/1986 |
|
Type |
9999 |
|
Date Created |
18/08/1986 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
VARIOUS MACHINERY (SEE CONTINUATION SHEET NO1. ATTACHED TO
DOC 395). |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
28/07/1986 |
|
Type |
9999 |
|
Date Created |
22/07/1986 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
MANDELLI MACHINING CENTRE SERIAL NO. 7239.81.07000049.
(SEE DOC M14 FOR FUTHER DETAILS AND ATTACHED CONTINUATION SHEET NO 1 FOR FULL
DETAILS). |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
28/07/1986 |
|
Type |
9999 |
|
Date Created |
22/07/1986 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
MITUTOYO COORDINATE MEASURER WITH ATTACHMENTS SERIAL NO.
CMM-B241-6002 HP 9816. MANDELLI MACHINING CENTRE (HP9872 PLOTTER
7289/83/07000067) (SEE DOC M13 FOR FURTHER DETAILS) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
05/07/1978 |
|
Type |
9999 |
|
Date Created |
29/06/1978 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED & FLOATING CHARGES UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL. WITH
ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
|
Satisfied? |
Fully |
Public Record
Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Precision engineers, specialising in manufacture and repair
of turbine blades and other turbine components for both steam and gas
tubines. |
|
Sic Code |
Description |
|
2911 |
Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines |
|
Staff Employed |
153 |
|
Auditors |
KPMG Audit PLC |
|
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 |
200771 |
|
Bankers |
HSBC Bank PLC |
|
Sort Codes |
401104 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
15,075 |
22,360 |
14,904 |
16,442 |
|
Export Sales |
13,874 |
20,391 |
14,592 |
15,671 |
|
Cost of goods sold |
12,115 |
17,243 |
11,431 |
13,357 |
|
GROSS PROFIT |
2,960 |
5,117 |
3,473 |
3,085 |
|
Other Expenses |
213 |
269 |
278 |
374 |
|
General administration costs (-) |
1,869 |
1,009 |
1,407 |
1,719 |
|
Wages and Salaries |
3,988 |
4,028 |
4,113 |
4,357 |
|
Depreciation |
529 |
698 |
712 |
798 |
|
Net Operating Profit(Loss) |
878 |
3,839 |
1,788 |
993 |
|
Group Non Trading Income |
390 |
- |
27 |
- |
|
Total Non Trading Income |
390 |
198 |
28 |
1 |
|
Financial Expenses |
0 |
0 |
0 |
108 |
|
PRE TAX PROFIT |
1,268 |
4,037 |
1,816 |
886 |
|
Other Taxation |
123 |
-638 |
-295 |
-65 |
|
Taxation |
-818 |
1,250 |
604 |
260 |
|
PROFIT AFTER TAX |
1,963 |
3,425 |
1,507 |
691 |
|
Net Profit |
1,963 |
3,425 |
1,507 |
691 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
1,963 |
3,425 |
1,507 |
691 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
2,816 |
4,500 |
3,887 |
4,669 |
|
Land & buildings |
879 |
931 |
955 |
1,034 |
|
Plant, machinery & equipment |
1,937 |
2,258 |
2,932 |
3,635 |
|
TOTAL CURRENT ASSETS |
16,314 |
15,472 |
10,291 |
7,901 |
|
Stocks |
5,552 |
4,043 |
4,899 |
4,111 |
|
Trade Debtors |
317 |
1,729 |
2,115 |
1,761 |
|
Other Receivables |
168 |
- |
28 |
279 |
|
Prepaid expenses |
25 |
29 |
24 |
11 |
|
Group Loans |
10,252 |
9,671 |
3,221 |
1,663 |
|
TOTAL ASSETS |
19,130 |
19,972 |
14,178 |
12,570 |
|
TOTAL CURRENT LIABILITIES |
3,001 |
4,750 |
3,168 |
5,184 |
|
Trade Creditors |
809 |
1,333 |
1,434 |
938 |
|
Taxes |
495 |
1,339 |
386 |
83 |
|
Other Current Liabilities |
443 |
26 |
66 |
23 |
|
Due From Group |
848 |
1,440 |
14 |
2,539 |
|
Accruals & deferred income |
406 |
612 |
1,268 |
1,601 |
|
WORKING CAPITAL |
13,313 |
10,722 |
7,123 |
2,717 |
|
TOTAL LONG TERM LIABS |
4,015 |
4,888 |
974 |
734 |
|
Taxation |
225 |
88 |
151 |
186 |
|
Other Long Term Liabilities |
3,790 |
4,800 |
369 |
548 |
|
NET ASSETS/(LIABILITIES) |
16,129 |
15,222 |
11,010 |
7,386 |
|
SHARE CAPITAL + RESERVES |
12,114 |
10,334 |
10,036 |
6,652 |
|
Issued Share Capital |
12 |
12 |
12 |
12 |
|
Share Premium Accounts |
7 |
7 |
7 |
7 |
|
Reserves |
1,910 |
1,897 |
1,897 |
20 |
|
Profit and Loss account |
10,185 |
8,418 |
8,120 |
6,613 |
|
SHAREHOLDERS FUNDS |
12,114 |
10,334 |
10,036 |
6,652 |
|
CAPITAL EMPLOYED |
16,129 |
15,222 |
11,010 |
7,386 |
|
TANGIBLE NET WORTH |
12,114 |
10,334 |
10,036 |
6,652 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
5.44 |
3.26 |
3.25 |
1.52 |
|
Profit Before Tax |
0.08 |
0.18 |
0.12 |
0.05 |
|
Creditors Days (D.P.O) |
24.37 |
28.22 |
45.79 |
25.63 |
|
Quick Ratio |
- |
- |
- |
- |
|
Return on Assets |
6.63 |
21.63 |
12.81 |
7.05 |
|
T.N.W/Total Assets |
0.63 |
0.52 |
0.71 |
0.53 |
|
Return on Capital |
7.86 |
26.52 |
16.49 |
12.00 |
|
Working Capital/Sales |
0.01 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.03 |
0.02 |
0.10 |
0.09 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
|
Turnover |
Turnover decreased by more than 33% in the period.
Turnover totaled GBP 15,075,000 for the period. |
|
Operating Profit |
Totaled GBP 878,000 In the period prior a profit of
GBP 3,839,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 1,268,000 compared
with a profit of GBP 4,037,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
24% |
|
Tangible Net Worth |
Net worth increased by 1,780,000 during the period and now
stands at GBP 12,114,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
373,000 to GBP 2,816,000 and are now 15% of total assets compared
with 16% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 20% and are now 36% of net worth compared with 53% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 23% of total assets compared
with 28% 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%)