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MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
BARNES WILLIAMS (UK & FAR EAST) LIMITED |
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Registered Office : |
25 Cambray Pl, Cheltenham Gloucestershire GL50 1JN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
12.03.1990 |
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Com. Reg. No.: |
02479877 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Importers and Exporters of Dehydrated Food |
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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Maximum Credit Limit : |
GBP 114,500 |
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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 |
BARNES WILLIAMS (UK & FAR EAST) LIMITED |
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Trading Address |
25 Cambray Pl,CHELTENHAM,GL50 1JN |
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Telephone |
01242-245775 |
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Risk Score |
This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 16,100 |
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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 114,500 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02479877 |
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Date of Incorporation |
12/03/1990 |
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Registered Office |
25 Cambray Pl, Cheltenham Gloucestershire GL50 1JN |
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Date of Last Annual Return to
Registry |
12/03/2008 |
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Activities |
Dehydrated food importers and exporters |
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 26/10/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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12/03/2008 |
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 |
DIRECTOR |
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Address |
6, GABLE POINT WOODMANCOTE , CHELTENHAM
, GLOS , GL52 9TS |
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Country of Origin |
BRITISH |
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Date of Birth |
18/11/1927 |
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Appointment Date |
12/03/1991 |
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Other Appointments |
BARNES WILLIAMS (UK & FAR EAST) LIMITED |
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DIRECTOR |
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Occupation |
TRADER |
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Address |
7C, QUEENS PARADE , CHELTENHAM , GLOS
, GL50 3BB |
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Country of Origin |
BRITISH |
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Date of Birth |
10/04/1967 |
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Appointment Date |
22/05/2002 |
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Other Appointments |
BARNES WILLIAMS (UK & FAR EAST) LIMITED, SIMPLEA
FOOD PRODUCTS LIMITED |
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DIRECTOR |
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Occupation |
INTL TRADER |
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Address |
7, COACH LANE , FARINGDON , OXON
, SN7 8AB |
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Country of Origin |
FRENCH |
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Date of Birth |
11/12/1977 |
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Appointment Date |
23/04/2004 |
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Other Appointments |
BARNES WILLIAMS (UK & FAR EAST) LIMITED |
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SECRETARY |
MS MARY BARNES |
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Address |
6, GABLE POINT, WOODMANCOTE , CHELTENHAM
, GLOUCESTERSHIRE , GL52 9TS |
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Country of Origin |
BRITISH |
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Date of Birth |
22/12/1934 |
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Appointment Date |
15/06/2006 |
Recently Resigned Directors (last
3)
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DIRECTOR |
JAMES CALVER-JONES |
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Address |
THE MEADS , LECHLADE , GLOS , - - |
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Date of Birth |
22/04/1926 |
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Resignation Date |
15/01/2001 |
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DIRECTOR |
MRS YUK S TANG WONG |
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Address |
3 , FOXES CLOSE , NOTTINGHAM , - - |
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Country of Origin |
BRITISH HONG KONG |
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Date of Birth |
07/11/1967 |
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Resignation Date |
17/08/2000 |
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DIRECTOR |
MR CALVER J JAMES |
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Occupation |
CHARTERED ACCOUNTANT |
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Address |
THE MEADS , CIRENCESTER , GLOS , - - |
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Date of Birth |
22/04/1926 |
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Resignation Date |
12/03/2000 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Mr Nicholas J Blissard Barnes |
ORD |
29,400 |
29,400.00 |
49.00 |
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Tristram Blissard Barnes |
ORD |
30,600 |
30,600.00 |
51.00 |
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Mortgages and Charges
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Total Registered |
2 |
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Total Outstanding |
1 |
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Total Satisfied |
1 |
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Most Recent Mortgage |
30/03/1999 |
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Date Registered |
02/04/1999 |
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Type |
395 |
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Date Created |
30/03/1999 |
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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 |
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 |
29/05/1990 |
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Type |
9999 |
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Date Created |
09/05/1990 |
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Lender |
LLOYDS 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 |
INCLUDING HERITABLE PROPERTY & ASSETS IN SCOTLAND
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? |
Fully |
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Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Dehydrated food importers and exporters |
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Sic Code |
Description |
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5138 |
Wholesale of other food including fish, crustaceans and
molluscs |
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Staff Employed |
10 |
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Auditors |
Warner & Co |
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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 |
Lloyds TSB Bank Plc |
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Sort Codes |
309311 |
Financial Data
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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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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 |
|
Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
26,737 |
51,722 |
88,799 |
45,907 |
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Total Fixed Assets |
18,737 |
43,722 |
48,799 |
45,907 |
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Intermediate Assets |
8,000 |
8,000 |
- |
- |
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TOTAL CURRENT ASSETS |
1,068,831 |
1,110,808 |
931,717 |
1,070,352 |
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Stocks |
389,806 |
456,867 |
- |
318,555 |
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Trade Debtors |
678,701 |
653,941 |
- |
750,649 |
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Cash |
324 |
- |
- |
1,148 |
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TOTAL ASSETS |
1,095,568 |
1,162,530 |
1,020,516 |
1,116,259 |
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TOTAL CURRENT LIABILITIES |
889,546 |
954,379 |
741,446 |
850,873 |
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Bank Overdraft |
480,400 |
281,091 |
429,551 |
442,252 |
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Other Current Liabilities |
409,146 |
673,288 |
311,895 |
368,893 |
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WORKING CAPITAL |
179,285 |
156,429 |
190,271 |
219,479 |
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TOTAL LONG TERM LIABS |
0 |
6,631 |
5,629 |
7,829 |
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NET ASSETS/(LIABILITIES) |
206,022 |
208,151 |
279,070 |
265,386 |
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SHARE CAPITAL + RESERVES |
206,022 |
201,520 |
273,441 |
257,557 |
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Issued Share Capital |
60,000 |
60,000 |
60,000 |
60,000 |
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Profit and Loss account |
146,022 |
141,520 |
213,441 |
197,557 |
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SHAREHOLDERS FUNDS |
206,022 |
201,520 |
273,441 |
257,557 |
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CAPITAL EMPLOYED |
206,022 |
208,151 |
279,070 |
265,386 |
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TANGIBLE NET WORTH |
206,022 |
201,520 |
233,441 |
257,557 |
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 |
1.20 |
1.16 |
1.26 |
1.26 |
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Quick Ratio |
0.76 |
0.69 |
- |
0.88 |
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T.N.W/Total Assets |
0.19 |
0.17 |
0.23 |
0.23 |
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Equity Gearing |
- |
0.30 |
- |
- |
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Solvency (%) |
431.77 |
476.88 |
320.03 |
333.40 |
Financial Summary
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Working
Capital |
The company's working capital improved in the period by
NaN% |
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Tangible
Net Worth |
Net worth increased by NaN during the period and now
stands at GBP 206,022,units |
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Fixed
Assets |
The subjects fixed assets increased during the period by
GBP NaN to GBP 18,737,units and are now NaN% of total assets
compared with 4% in the previous period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 1% 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%)