MIRA INFORM REPORT

Report Date :

04.12.2008

IDENTIFICATION DETAILS

Name :	R.H.CLAYDON LIMITED

Registered Office :	Saxham Industrial Estate, Saxham, Bury St Edmunds, Suffolk IP28 6RZ

Country :	United Kingdom

Financials (as on) :	31.12.2007

Date of Incorporation :	13.12.1968

Legal Form :	Private Limited with Share Capital

Line of Business :	Supply of Tyres.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	[£] 175,000

Status :	Good

Payment Behaviour :	No Complaints

Litigation :	Clear

Name of the company

R.H.CLAYDON LIMITED

Number 00944192

company summary

Phone		Type	Private limited with Share Capital
Address	SAXHAM INDUSTRIAL ESTATE, SAXHAM, BURY ST EDMUNDS, SUFFOLK IP28 6RZ	Company Status	Active - Accounts Filed
Postcode	IP28 6RZ	Incorporated Date	13/12/1968

Todays Limit [£] 175,000

	Active CCJ's	0
	Value of CCJ's [£]	£0
	Number Of Writs	0

	Current Directors	4
	Total Directorships	5

Trading to Date	31/12/07	31/12/06	31/12/05
Turnover	£15,456,863	£13,283,508	£13,344,000
Shareholder Funds	£4,221,956	£4,018,739	£3,954,000
Employees	64	73	76

	Trends
	Profitability
	Liquidity
	Shareholders Funds

Secondary Industry Code Details

	SIC Code	Description
	5190	Other Wholesale

Mortgage Details

Mortgage Type:	legal charge
Date Charge Created:	01/08/2008	Date Charge Registered:	08/08/2008
Date Charge Satisfied:	13/09/2008	Status:	Satisfied
Person(s) Entitled:	MICHAEL CLAYDON, ELIZABETH INA BECK AND JLT TRUSTEES LIMITED AS TRUSTEES OF THE CLAYDON PENSION
Amount Secured:
Details:	unit 46-48 first avenue, fixborough industrial estate, scunthorpe t/nos hs171719 and hs158760

Mortgage Type:	legal charge
Date Charge Created:	01/08/2008	Date Charge Registered:	19/08/2008
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	MICHAEL CLAYDON,ELIZABETH INA BECKS AND JLT TRUSTEES LIMITED AS TRUSTEES OF THE CLAYDON PENSION
Amount Secured:	£824,500.00 due or to become due from the company to the chargee
Details:	unit 46-48 first avenue flixborough industrial estate scunthorpe t/no:hs171719 and hs158760

Mortgage Type:	mortgage
Date Charge Created:	22/12/2005	Date Charge Registered:	10/01/2006
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	LLOYDS TSB BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	l/h property k/a stephenson road, ground well industrial estate, swindon, wiltshi re t/no wt172876 21 together with all buildings and fixtures (including trade fixtures) fixed plantand machinery by way of fixed charge all present and future book and other debts floating charge over all moveable plant machinery implements utensils furniture and equipment by way of assignment thegoodwill of the business (if any) the full benefit of all licences and all guarantees

Mortgage Type:	debenture deed
Date Charge Created:	30/08/2002	Date Charge Registered:	06/09/2002
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	LLOYDS TSB BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	legal charge
Date Charge Created:	04/11/1997	Date Charge Registered:	07/11/1997
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	land and buildings lying to the north we st buckingham road errwood park stockpor t greater manchester t/no gm373532

Mortgage Type:	standard security which was presented for registration in scotland on the 10th april 1997
Date Charge Created:	07/01/1997	Date Charge Registered:	12/04/1997
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	unit 3 carronshore road falkirk

Mortgage Type:	fixed charge supplemental to a debenturedated 22nd may 1991
Date Charge Created:	11/11/1996	Date Charge Registered:	20/11/1996
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	pursuant to the terms of the aforesaid d ebenture all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	all right title and interest of the comp any in or arising out of a factoring or invoice discounting or sales ledger fina ncing agreement dated 6 november 1996 be tween alex lawrie receivables financing limited and the company and all book deb ts and other debts the subject thereof

Mortgage Type:	first fixed and floating charge
Date Charge Created:	06/11/1996	Date Charge Registered:	07/11/1996
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	ALEX LAWRIE RECEIVABLES FINANCING LIMITED
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	15 13 fixed charge on all goodwill and uncalled capital for the time being of the company; and all patents, patent applications, inventions, trade marks, trade namesetc.fixed and floating charges over the undertaking and all property and assets present and future including uncalled capital goodwill, bookdebts and patents.

Mortgage Type:	legal charge
Date Charge Created:	02/02/1995	Date Charge Registered:	08/02/1995
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	land lying to the west of station road s axham suffolk t/no.sk42446

Mortgage Type:	legal charge
Date Charge Created:	03/07/1991	Date Charge Registered:	22/07/1991
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	land and buildings in hadleigh road, st mary stoke ipswich suffolk

Mortgage Type:	legal charge
Date Charge Created:	03/07/1991	Date Charge Registered:	22/07/1991
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	unit 1 & 2 second avenue, flixborough in dustrial estate flixborough humberside t /n:- hs 175175

Mortgage Type:	guarantee & debenture
Date Charge Created:	22/05/1991	Date Charge Registered:	05/06/1991
Date Charge Satisfied:	25/04/2003	Status:	Satisfied
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	all monies due or to become due from the company and/or r.h. claydon (wheel divi sion) limited to the chargee on any acco unt whatsoever.
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Shareholders Details

	Name	Shares
	Royston Hugh Claydon	300,000 Preference Gbp 1.00
	Ms Doreen Alice Claydon	300,000 Preference Gbp 1.00
	Michael Hugh Claydon	20,132 Ordinary Gbp 1.00
	Ms Elizabeth Ina Beck	14,513 Ordinary Gbp 1.00
	Royston Hugh Claydon	12,465 Ordinary Gbp 1.00
	Ms Doreen Alice Claydon	10,412 Ordinary Gbp 1.00

Address	Telephone Number	TCPS
SAXHAM BUSINESS PK LITTLE SAXHAM BURY ST. EDMUNDS SUFFOLK IP28 6RZ	01284700748	N
SAXHAM BUSINESS PK LITTLE SAXHAM BURY ST. EDMUNDS SUFFOLK IP28 6RZ	01284723456	N
SAXHAM BUSINESS PK LITTLE SAXHAM BURY ST. EDMUNDS SUFFOLK IP28 6RZ	01284768122	N
Saxham Industrial Estate Saxham Bury St Edmunds IP28 6RZ

accounts

PROFIT & LOSS

Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
Months	12	-	12	-	12
Currency	GBP	-	GBP	-	GBP
Consolidated A/cs	N	-	N	-	N
Turnover	15,456,863	16.4 %	13,283,508	-0.5 %	13,344,000
Export	54,197	12.2 %	48,312	-24.5 %	64,000
Cost of Sales	11,466,275	16.6 %	9,832,104	0.7 %	9,762,000
Gross Profit	3,990,588	15.6 %	3,451,404	-3.6 %	3,582,000
Wages & Salaries	1,808,778	1.1 %	1,788,243	-1.8 %	1,821,000
Directors Emoluments	165,736	-5.0 %	174,491	-0.3 %	175,000
Operating Profits	873,145	116.4 %	403,572	-17.1 %	487,000
Depreciation	302,367	-2.0 %	308,411	6.0 %	291,000
Audit Fees	8,350	2.6 %	8,135	-9.6 %	9,000
Interest Payments	245,063	31.1 %	186,979	-3.6 %	194,000
Pre Tax Profit	628,082	189.1 %	217,289	-50.0 %	435,000
Taxation	-224,865	-327.8 %	-52,559	26.0 %	-71,000
Profit After Tax	403,217	144.8 %	164,730	-54.7 %	364,000
Dividends Payable	200,000	100.0 %	100,000	-	-
Retained Profits	203,217	213.9 %	64,730	-82.2 %	364,000

BALANCE SHEET

Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
Tangible Assets	3,084,054	-1.8 %	3,141,872	-4.4 %	3,286,000
Intangible Assets	-	-	-	-	-
Total Fixed Assets	3,084,054	-1.8 %	3,141,872	-4.4 %	3,286,000
Total Current Assets	7,024,534	23.8 %	5,674,899	2.1 %	5,557,000
Trade Debtors	3,438,612	7.7 %	3,193,947	25.0 %	2,555,000
Stocks & WIP	3,277,984	49.0 %	2,199,731	-17.7 %	2,674,000
Cash	657	-96.1 %	16,855	-86.9 %	129,000
Other Debtors	307,281	16.2 %	264,366	32.8 %	199,000
Increase In Cash	-16,198	85.6 %	-112,145	-204.8 %	107,000
Miscellaneous Current Assets	-	-	-	-	-
Total Assets	10,108,588	14.7 %	8,816,771	-0.3 %	8,843,000
Total Current Liabilities	3,434,400	52.7 %	2,249,032	-53.6 %	4,848,000
Trade Creditors	964,533	29.2 %	746,304	-13.5 %	863,000
Bank Loans & Overdrafts	717,285	999.9%	38,064	-95.7 %	888,000
Other Short Term Fin	552,720	-46.7 %	1,036,416	-5.4 %	1,096,000
Miscellaneous Current Liabilities	1,199,862	180.2 %	428,248	-78.6 %	2,001,000
Other Long Term Fin	-	-	-	-	-
Total Long Term Liabilities	2,452,232	-3.8 %	2,549,000	999.9%	41,000
Bank Loans & Overdrafts & LTL	3,169,517	22.5 %	2,587,064	178.5 %	929,000
Total Liabilities	5,886,632	22.7 %	4,798,032	-1.9 %	4,889,000
Net Assets	4,221,956	5.1 %	4,018,739	1.6 %	3,954,000
Working Capital	3,590,134	4.8 %	3,425,867	383.2 %	709,000

CAPITALS & RESERVES

Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
Called up Share Capital	57,522	-	57,522	-0.8 %	58,000
P&L Account Reserve	4,096,934	5.2 %	3,893,717	1.7 %	3,829,000
Sundry Reserves	67,500	-	67,500	-0.7 %	68,000
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	4,221,956	5.1 %	4,018,739	1.6 %	3,954,000
Net Worth	4,221,956	5.1 %	4,018,739	1.6 %	3,954,000

MISCELLANEOUS

Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
Net Cashflow from Operations	48,231	104.0 %	-1,211,034	-221.0 %	1,001,000
Net Cashflow before Financing	-682,955	59.9 %	-1,703,015	-426.2 %	522,000
Net Cashflow from Financing	116,304	-95.2 %	2,440,321	999.9%	113,000
Contingent Liability	NO	-	YES	-	YES
Capital Employed	6,674,188	1.6 %	6,567,739	64.4 %	3,995,000
No of Employees	64	-12.3 %	73	-3.9 %	76

	Auditors	GRANT THORNTON UK LLP
	AuditQualification	No Adverse Comments
	Bankers	LLOYDS TSB BANK PLC
	BankBranchCode	30-12-15

RATIOS

Annual Accounts	01/07-12/07	01/06-12/06	01/05-12/05
Pre-tax profit margin %	4.1 %	1.6 %	3.3 %
Current ratio	2.05	2.52	1.15
Sales/Net Working Capital	4.31	3.88	18.82
Gearing %	75.1 %	64.4 %	23.5 %
Equity in %	41.8 %	45.6 %	44.7 %
Creditor Days	22.71	20.45	23.61
Debtor Days	80.98	87.52	69.89
Liquidity/Acid Test	1.09	1.55	0.59
Return On Capital Employed %	9.4 %	3.3 %	10.9 %
Return On Total Assets Employed %	6.2 %	2.5 %	4.9 %
Current Debt Ratio %	0.8 %	0.6 %	1.2 %
Total Debt Ratio %	1.4 %	1.2 %	1.2 %
Stock Turnover Ratio %	21.2 %	16.6 %	20.0 %
Return on Net Assets Employed %	14.9 %	5.4 %	11.0 %

group structure

No group structure for this company.

Status History

Date	Description
No Status History

Event History

Date	Description
10/09/2008	Change In Reg.office
13/07/2008	New Accounts Filed
25/09/2007	Annual Returns
18/09/2007	Annual Returns
18/09/2007	New Accounts Filed
29/06/2006	New Accounts Filed
23/08/2005	New Accounts Filed
18/09/2004	Directors Data Refresh
07/09/2004	Annual Returns
12/06/2004	Data Refresh
28/05/2004	New Accounts Filed
25/05/2004	Annual Returns
18/03/2004	Company Principal Activities
18/03/2004	New Account

directors

Name	Royston Hugh Claydon
Address	Longmeadow
	Ousden
	Newmarket
	Suffolk
	CB8 8TW
Officers Title	Mr	Date Of Birth	21/09/1926
Honours		Present Appointments	1
Appointment Date	12/08/1991	Function	Director

Name	Doreen Alice Claydon
Address	Longmeadow
	Ousden
	Newmarket
	Suffolk
	CB8 8TW
Officers Title	Ms	Date Of Birth	04/08/1929
Honours		Present Appointments	2
Appointment Date	12/08/1991	Function	Company Secretary

Name	Doreen Alice Claydon
Address	Longmeadow
	Ousden
	Newmarket
	Suffolk
	CB8 8TW
Officers Title	Ms	Date Of Birth	04/08/1929
Honours		Present Appointments	2
Appointment Date	12/08/1991	Function	Director

Name	Michael Hugh Claydon
Address	Chedburgh Hall Bury Road
	Chedburgh
	Bury St Edmunds
	Suffolk
	IP29 4UQ
Officers Title	Mr	Date Of Birth	06/06/1957
Honours		Present Appointments	2
Appointment Date	01/05/2002	Function	Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.69
UK Pound	1	Rs.72.96
Euro	1	Rs.63.46

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

Registered Address	Trading Address
Telephone Number	Telephone Number	01284 768122
TPS	TPS
Address	Address
SAXHAM INDUSTRIAL ESTATE SAXHAM BURY ST EDMUNDS SUFFOLK IP28 6RZ	Saxham Industrial Estate Saxham Bury St Edmunds IP28 6RZ

Web Address	rhc.co.uk	Incorporation Date	13/12/1968
Type of Accounts	Full Accounts	Filing Date of Accounts	08/07/2008
Company Type	Private Limited With Share Capital	Date of Latest Accounts	31/12/2007
Annual Return	12/08/2007

	Industry:
	Supply of tyres.

	Mortgage Charges
	Outstanding	4	Satisfied	8