MIRA
INFORM REPORT
|
Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GRAPES DIRECT LIMITED |
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|
|
Registered Office : |
Grapes Direct Ltd Fort, Bridgewood Maidstone Rd,
Rochester, ME1 |
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Country : |
United Kingdom |
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Financials (as on) : |
28.10.2006 |
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Date of Incorporation : |
05/10/1999 |
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Com. Reg. No.: |
03853590 |
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|
Legal Form : |
Private Limited Liability Company (GB) |
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|
Line of Business : |
Fruit wholesalers |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Very Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
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Subject Reported on |
GRAPES DIRECT LIMITED |
|
Holding Company |
A G Thames Holdings Ltd |
|
Ultimate Holding Company |
A.G. THAMES HOLDINGS LTD |
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Trading Address |
Fort Bridgewood,Maidstone Rd,ROCHESTER,ME1 3AU |
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Telephone |
01634-820400 |
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Very Low Risk - There is every confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 806,700 |
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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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|
|
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Contract Limit |
GBP 6,125,600 |
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|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Significant Event
|
Please note address change. |
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
03853590 |
|
Date of Incorporation |
05/10/1999 |
|
Registered Office |
Grapes Direct Ltd Fort, Bridgewood Maidstone Rd,
Rochester, ME1 |
|
Date of Last Annual Return to Registry |
05/10/2007 |
|
Activities |
Fruit wholesalers |
|
Accounts |
The last filed accounts cover the period to 28/10/2006 and
were filed on 25/07/2007 |
Recently Filed Documents
Details of the most recent documents
|
Date
Received |
Description |
|
05/10/2007 |
Annual Return |
|
28/10/2006 |
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 |
|
|
|
Occupation |
|
|
|
Address |
36, ESTRIDGE WAY , TONBRIDGE , KENT
, TN10 4JX |
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|
Date of Birth |
26/02/1960 |
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|
Appointment Date |
05/10/1999 |
|
|
Other Appointments |
GRAPES DIRECT LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
|
|
|
Address |
2, OLD WARDSDOWN FLIMWELL , WADHURST
, EAST SUSSEX , TN5 7NN |
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|
Date of Birth |
10/04/1963 |
|
|
Appointment Date |
21/12/1999 |
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|
Other Appointments |
GRAPES DIRECT EMPLOYEES' TRUSTEES LIMITED, GRAPES
DIRECT LIMITED |
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|
DIRECTOR |
|
|
|
Occupation |
COMMERCIAL MANAGER |
|
|
Address |
REASON HILL , WESTERHILL ROAD COXHEATH , MAIDSTONE
, KENT , ME17 4BT |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
29/12/1968 |
|
|
Appointment Date |
18/01/2000 |
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|
Other Appointments |
GRAPE SERVICES LIMITED, GRAPES DIRECT EMPLOYEES'
TRUSTEES LIMITED, GRAPES DIRECT LIMITED, MULTIPLES DIRECT UK
LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
|
|
|
Address |
ROSEBANK , HILLSIDE ROAD TATSFIELD , WESTERHAM
, KENT , TN16 2NH |
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|
Date of Birth |
29/06/1955 |
|
|
Appointment Date |
07/02/2000 |
|
|
Other Appointments |
GRAPE SERVICES LIMITED, GRAPES DIRECT EMPLOYEES'
TRUSTEES LIMITED, GRAPES DIRECT LIMITED, MULTIPLES DIRECT UK
LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
MANAGER |
|
|
Address |
54, RAVENSWOOD AVENUE , TUNBRIDGE WELLS
, KENT , TN2 3SQ |
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|
Country of Origin |
SPANISH |
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|
Date of Birth |
09/10/1970 |
|
|
Appointment Date |
07/02/2000 |
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|
Other Appointments |
GRAPES DIRECT EMPLOYEES' TRUSTEES LIMITED, GRAPES
DIRECT LIMITED, MULTIPLES DIRECT LIMITED, MULTIPLES DIRECT UK
LIMITED |
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|
DIRECTOR |
|
|
|
Occupation |
DIRECTOR |
|
|
Address |
25, CROOK LOG , BEXLEYHEATH , KENT
, DA6 8EB |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
01/04/1941 |
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|
Appointment Date |
05/05/2006 |
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|
Other Appointments |
A.G. THAMES HOLDINGS LIMITED, CHINGFORD FRUIT
LIMITED, CORER (U.K.) LIMITED, GRAPES DIRECT EMPLOYEES' TRUSTEES
LIMITED, GRAPES DIRECT LIMITED, MIGRANT FRUIT LIMITED, MULTIPLES
DIRECT UK LIMITED, PROFRESH SOLUTIONS LIMITED, SOLSTOR EUROPE
LIMITED, SOLSTOR UK LIMITED |
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|
DIRECTOR |
|
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|
Occupation |
DIRECTOR |
|
|
Address |
33, MEREWORTH ROAD , TUNBRIDGE WELLS
, KENT , TN4 9PL |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
25/11/1977 |
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|
Appointment Date |
01/01/2007 |
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Other Appointments |
GRAPES DIRECT LIMITED |
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|
SECRETARY |
MR SIMON ALLFREY |
|
|
Address |
REASON HILL, WESTERHILL ROAD , COXHEATH
, KENT , ME17 4BT |
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|
Country of Origin |
BRITISH |
|
|
Date of Birth |
29/12/1968 |
|
|
Appointment Date |
15/12/2005 |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
ROBERT GEORGE HOLLAND MARTIN |
|
Occupation |
CORPORATE ADVISER |
|
Address |
18 , TITE STREET , LONDON , - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
06/07/1939 |
|
Resignation Date |
05/05/2006 |
|
DIRECTOR |
PAUL JOHN KEMP |
|
Address |
LITTLE COMPTON , RANNOCH ROAD , CROWBOROUGH
, EAST SUSSEX , - - |
|
Date of Birth |
26/02/1965 |
|
Resignation Date |
31/10/2002 |
|
DIRECTOR |
MR JAMES D BROWN |
|
Occupation |
ACCOUNTANT |
|
Address |
4 , AIRPORT BOULEVARD , AUGRABLES , SOUTH
AFRICA , - - |
|
Country of Origin |
SOUTH AFRICAN |
|
Date of Birth |
27/12/1947 |
|
Resignation Date |
28/02/2001 |
Share Summary
|
Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
|
|
|
|
|
|
A.G. THAMES HOLDINGS LTD |
ORD |
483,752 |
483,752.00 |
65.00 |
|
|
|
|
|
|
A.G. THAMES HOLDINGS LTD |
|
100,000 |
1,000.00 |
100.00 |
|
|
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|
Ignacio Luqui Irisarri |
ORD |
50,000 |
50,000.00 |
7.00 |
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|
|
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|
Mr Alan David Cameron |
ORD |
68,000 |
68,000.00 |
9.00 |
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|
|
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|
Mr Andrew Gordon Gray |
ORD |
8,750 |
8,750.00 |
1.00 |
|
|
|
|
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|
Mr Christopher John Procter |
ORD |
37,500 |
37,500.00 |
5.00 |
|
|
|
|
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Mr Philip Hogan Dussek |
ORD |
50,000 |
50,000.00 |
7.00 |
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|
|
|
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Mr Simon Mortimer Allfrey |
ORD |
50,000 |
50,000.00 |
7.00 |
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|
|
|
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Mortgages and Charges
|
|
|
|
Total Registered |
7 |
|
Total Outstanding |
6 |
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Total Satisfied |
1 |
|
Most Recent Mortgage |
19/09/2007 |
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|
|
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Date Registered |
02/10/2007 |
|
Type |
395 |
|
Date Created |
19/09/2007 |
|
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 |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
08/06/2005 |
|
Type |
395 |
|
Date Created |
02/06/2005 |
|
Lender |
LLOYDS TSB BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR ALL
OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
THE PROPERTY KA LAND FORMING PART OF BRIDGEWOOD BUSINESS
PART FORT BRIDGEWOOD MAIDSTONE ROAD ROCHESTER KENT TOGETHER WITH ALL
BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES). FIXED PLANT AND MACHINERY THEREON.
BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS (IF ANY), THE FULL BENEFIT
OF ALL LICENCES AND ALL GUARANTEES. BY WAY OF FIXED CHARGE THE SHARES AND ALL
RIGHTS, BENEFITS AND ADVANTAGES ARISING IN RESPECT THEREOF. BY WAY OF
ASSIGNMENT THE INTELLECTUAL PROPERTY RIGHTS. |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
19/04/2003 |
|
Type |
395 |
|
Date Created |
08/04/2003 |
|
Lender |
LLOYDS TSB BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM AMACAUB HOLDINGS LIMITED
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THE RIGHT TITLE BENEFITS AND INTERESTS OF THE
ASSIGNORS WHATSOEVER PRESENT AND FUTURE UNDER OR ARISING OUT OF OR EVIDENCED
BY THE DOCUMENTS AS SPECIFIED IN SCHEDULE 1 OF THE ASSIGNMENT ALL DAMAGES
BOOK AND OTHER DEBTS REVENUES AND CLAIMS BOTH PRESENT AND FUTURE DUE OR OWING
OR WHICH MAY BECOME DUE OR OWING TO THE ASSIGNORS UNDER OR BY VIRTUE OF THE
ASSIGNED DOCUMENTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
19/04/2003 |
|
Type |
395 |
|
Date Created |
08/04/2003 |
|
Lender |
LLOYDS TSB BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THE RIGHT TITLE BENEFITS AND INTERESTS OF THE
ASSIGNORS WHATSOEVER PRESENT AND FUTURE UNDER OR ARISING OUT OF OR EVIDENCED
BY THE DOCUMENTS AS SPECIFIED IN SCHEDULE 1 OF THE ASSIGNMENT ALL DAMAGES
BOOK AND OTHER DEBTS REVENUES AND CLAIMS BOTH PRESENT AND FUTURE DUE OR OWING
OR WHICH MAY BECOME DUE OR OWING TO THE ASSIGNORS UNDER OR BY VIRTUE OF THE
ASSIGNED DOCUMENTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
30/10/2002 |
|
Type |
395 |
|
Date Created |
24/10/2002 |
|
Lender |
LLOYDS TSB BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR
MULTIPLES DIRECT UK LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER. |
|
Details |
ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT
OF ANY PRESENT OR FUTURE ACCOUNT OF THE COMPANY WITH THE BANK. |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
20/06/2001 |
|
Type |
395 |
|
Date Created |
15/06/2001 |
|
Lender |
LLOYDS TSB BANK PLC |
|
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 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
14/12/1999 |
|
Type |
395 |
|
Date Created |
06/12/1999 |
|
Lender |
ALEX LAWRIE RECEIVABLES FINANCING LIMITED |
|
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 SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
Fully |
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Fruit wholesalers |
|
Sic Code |
Description |
|
5131 |
Wholesale of fruit and vegetables |
|
Staff Employed |
51 |
|
Auditors |
BDO Stoy Hayward LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
Lloyds TSB Bank Plc |
|
Sort Codes |
301806 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
28/10/2006 |
29/10/2005 |
30/10/2004 |
01/11/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
GROSS PROFIT |
5,908 |
3,530 |
3,684 |
3,950 |
|
General administration costs (-) |
4,372 |
2,980 |
3,036 |
3,279 |
|
Wages and Salaries |
4,414 |
2,724 |
1,123 |
2,639 |
|
Depreciation |
213 |
196 |
178 |
144 |
|
Net Operating Profit(Loss) |
1,536 |
549 |
647 |
671 |
|
Non Trading Income |
179 |
110 |
67 |
52 |
|
Group Non Trading Income |
190 |
- |
- |
83 |
|
Other financial income |
617 |
189 |
76 |
- |
|
Total Non Trading Income |
986 |
299 |
143 |
134 |
|
Financial Expenses |
0 |
0 |
0 |
22 |
|
PRE TAX PROFIT |
2,522 |
849 |
790 |
783 |
|
Other Taxation |
-198 |
102 |
-19 |
0 |
|
Taxation |
764 |
77 |
261 |
231 |
|
PROFIT AFTER TAX |
1,957 |
670 |
548 |
552 |
|
Net Profit |
1,957 |
670 |
548 |
552 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
1,957 |
670 |
548 |
552 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
28/10/2006 |
29/10/2005 |
30/10/2004 |
01/11/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
853 |
2,154 |
2,012 |
1,782 |
|
Plant, machinery & equipment |
853 |
1,095 |
936 |
748 |
|
Intermediate Assets |
0 |
25 |
25 |
1,034 |
|
TOTAL CURRENT ASSETS |
11,996 |
7,499 |
5,712 |
4,702 |
|
Stocks |
1,353 |
907 |
286 |
91 |
|
Trade Debtors |
3,975 |
2,630 |
2,977 |
2,042 |
|
Other Receivables |
476 |
196 |
315 |
877 |
|
Prepaid expenses |
1,132 |
1,103 |
466 |
- |
|
Cash |
5,017 |
2,664 |
1,668 |
1,693 |
|
Tax Recoverable |
43 |
- |
- |
- |
|
TOTAL ASSETS |
12,849 |
9,654 |
7,725 |
6,484 |
|
TOTAL CURRENT LIABILITIES |
7,336 |
6,021 |
4,559 |
4,036 |
|
Trade Creditors |
3,757 |
3,455 |
3,185 |
2,232 |
|
Taxes |
805 |
111 |
297 |
235 |
|
Other Current Liabilities |
22 |
65 |
84 |
731 |
|
Due From Group |
81 |
37 |
91 |
103 |
|
Accruals & deferred income |
2,671 |
2,354 |
902 |
736 |
|
WORKING CAPITAL |
4,659 |
1,478 |
1,153 |
666 |
|
TOTAL LONG TERM LIABS |
0 |
153 |
51 |
70 |
|
NET ASSETS/(LIABILITIES) |
5,513 |
3,633 |
3,166 |
2,447 |
|
SHARE CAPITAL + RESERVES |
5,513 |
3,480 |
3,115 |
2,378 |
|
Issued Share Capital |
749 |
749 |
749 |
560 |
|
Reserves |
-199 |
-302 |
- |
- |
|
Profit and Loss account |
4,963 |
3,033 |
2,366 |
1,818 |
|
SHAREHOLDERS FUNDS |
5,513 |
3,480 |
3,115 |
2,378 |
|
CAPITAL EMPLOYED |
5,513 |
3,633 |
3,166 |
2,448 |
|
TANGIBLE NET WORTH |
5,513 |
3,480 |
3,115 |
2,378 |
Key Credit Ratios
|
Accounts Date |
28/10/2006 |
29/10/2005 |
30/10/2004 |
01/11/2003 |
|
Current Ratio |
1.64 |
1.25 |
1.25 |
1.17 |
|
Quick Ratio |
1.45 |
1.09 |
1.19 |
1.14 |
|
Return on Assets |
19.63 |
8.82 |
10.26 |
14.37 |
|
T.N.W/Total Assets |
0.43 |
0.36 |
0.40 |
0.37 |
|
Return on Capital |
45.75 |
23.37 |
24.95 |
31.99 |
|
Equity Gearing |
- |
0.23 |
0.61 |
0.34 |
|
Solvency (%) |
133.07 |
177.41 |
147.99 |
172.67 |
Financial Summary
|
Operating Profit |
Totaled GBP 1,536,000 In the period prior a profit
of GBP 549,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 2,522,000 compared
with a profit of GBP 849,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
215% |
|
Tangible
Net Worth |
Net worth increased by 2,033,000 during the period and now
stands at GBP 5,513,000 |
|
Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
1,276,000 to GBP 853,000 and are now 7% of total assets compared
with 22% in the previous period |
|
Long
Term Liabilities |
The company's long term liabilities increased during the
period by 7% and are now 48% of net worth compared with 72% in the previous
period |
|
Long
Term Liabilities |
Long term liabilities are now 21% of total assets compared
with 26% 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%)