MIRA
INFORM REPORT
|
Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EURO PACKAGING LIMITED |
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Registered Office : |
118 Amington Rd, Yardley, Birmingham, B25 8JZ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
05.09.1977 |
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Com. Reg. No.: |
01328600 |
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Legal Form : |
Public Limited Liability Company (GB) |
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Line of Business : |
Other Wholesale |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
EURO PACKAGING LIMITED |
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Holding Company |
EURO ASSOCIATED HOLDINGS LTD |
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Ultimate Holding Company |
EURO ASSOCIATED HOLDINGS LTD |
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Trading Address |
20 BRICKFIELD RD,YARDLEY,BIRMINGHAM,B25 9HE |
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Telephone |
01217-066181 |
Official Company Data
|
Legal Form |
Public Limited Liability Company (GB) |
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Registration Number |
01328600 |
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Date of Incorporation |
05/09/1977 |
|
Registered Office |
118 Amington Rd, Yardley, Birmingham, B25 8JZ |
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Date of Last Annual Return to Registry |
05/12/2007 |
|
Activities |
Bankers: Lloyds TSB Bank PLC (30-00-03) |
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Accounts |
The last filed accounts cover the period to 31/12/2005 and
were filed on 10/08/2006 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
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05/12/2007 |
Annual Return |
|
31/12/2005 |
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
|
DIRECTOR |
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Occupation |
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Address |
22, WESTBOURNE ROAD EDGBASTON , BIRMINGHAM
, WEST MIDLANDS , B15 3TX |
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Date of Birth |
16/07/1969 |
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Appointment
Date |
05/12/2005 |
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Other
Appointments |
EURO PACKAGING
LIMITED, EURO PROPERTY INVESTMENTS LIMITED, KINETIC LOGISTICS LIMITED |
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DIRECTOR |
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Occupation |
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Address |
51A, CHURCH ROAD
EDGBASTON , BIRMINGHAM , WEST MIDLANDS , B15 3SJ |
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Date
of Birth |
19/07/1964 |
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Appointment
Date |
05/12/2005 |
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Other
Appointments |
EURO PACKAGING
LIMITED, EURO PROPERTY INVESTMENTS LIMITED, KINETIC LOGISTICS
LIMITED |
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|
DIRECTOR |
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Occupation |
ACCOUNTANT |
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|
Address |
OAKEN LODGE , OAKEN
LANES CODSALL , WOLVERHAMPTON , WV8 2AH |
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Country
of Origin |
BRITISH |
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|
Date
of Birth |
25/03/1967 |
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Appointment
Date |
05/05/1999 |
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|
Other
Appointments |
BORDER CONVERTERS CO.
LIMITED, CARD PRINTING SERVICES LIMITED, CLYDE POLYTHENE
LIMITED, DANE PAPER & POLYTHENE LIMITED, EP USA LTD, EURO
ASSOCIATED HOLDINGS LIMITED, EURO PACKAGING LIMITED, EUROPACKAGING
HOLDINGS LIMITED, N.E.P. (UK) LIMITED, RIDLEY QUINEY
LIMITED, RQ (HOLDINGS) LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
203, BAGNALL ROAD
CINDERHILL , NOTTINGHAM , NOTTS , NG6 8SJ |
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Country
of Origin |
BRITISH |
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Date
of Birth |
19/06/1965 |
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Appointment
Date |
13/06/2001 |
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|
Other
Appointments |
BORDER CONVERTERS CO.
LIMITED, CLYDE POLYTHENE LIMITED, DANE PAPER & POLYTHENE
LIMITED, EP USA LTD, EURO ASSOCIATED HOLDINGS LIMITED, EURO
PACKAGING LIMITED, EURO PAPER RECLAMATION LIMITED, EUROPACKAGING
HOLDINGS LIMITED, N.E.P. (UK) LIMITED, RIDLEY QUINEY
LIMITED, RQ (HOLDINGS) LIMITED, VELDMAN'S PACKAGING (U.K.)
LIMITED, WEST MIDLANDS RECYCLING LIMITED |
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DIRECTOR |
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Occupation |
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Address |
19, FRANCIS ROAD
, LICHFIELD , STAFFS , WS13 7JX |
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Date
of Birth |
11/10/1974 |
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Appointment
Date |
06/04/2004 |
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Other
Appointments |
EURO PACKAGING LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
3, CYPRESS GARDENS FOUR
OAKS PARK , SUTTON COLDFIELD , WEST MIDLANDS , B74 2HD |
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Country
of Origin |
AMERICAN |
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Date
of Birth |
22/04/1964 |
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Appointment
Date |
05/12/2006 |
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Other
Appointments |
EP USA LTD, EPL
ACQUISITIONS LIMITED, EURO ASSOCIATED HOLDINGS LIMITED, EURO
PACKAGING LIMITED, EUROPACKAGING HOLDINGS LIMITED, RIDLEY QUINEY
LIMITED, RQ (HOLDINGS) LIMITED |
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DIRECTOR |
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Occupation |
GROUP FINANCE DIRECTOR |
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Address |
39, ST JAMES PLACE 34
GEORGE ROAD EDGBASTON , BIRMINGHAM , B15 1PQ |
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Country
of Origin |
BRITISH |
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Date
of Birth |
21/08/1957 |
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Appointment
Date |
12/04/2007 |
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Other
Appointments |
BORDER CONVERTERS CO.
LIMITED, CLYDE POLYTHENE LIMITED, EP USA LTD, EPL ACQUISITIONS
LIMITED, EURO PACKAGING LIMITED, EURO PAPER RECLAMATION
LIMITED, EUROPACKAGING HOLDINGS LIMITED, N.E.P. (UK)
LIMITED, RIDLEY QUINEY LIMITED, RQ (HOLDINGS) LIMITED, WEST
MIDLANDS RECYCLING LIMITED |
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DIRECTOR |
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Occupation |
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|
Address |
51, CHURCH ROAD
EDGBASTON , BIRMINGHAM , WEST MIDLANDS , B15 3SJ |
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Date
of Birth |
11/09/1939 |
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Appointment
Date |
05/12/2005 |
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Other
Appointments |
EURO PACKAGING LIMITED |
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SECRETARY
|
MR HARJINDER GILL |
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|
Address |
OAKEN LODGE, OAKEN LANES
, CODSALL , WOLVERHAMPTON , WV8 2AH |
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Country
of Origin |
BRITISH |
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Date
of Birth |
25/03/1967 |
||
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Appointment
Date |
05/05/1999 |
Recently Resigned Directors (last
3)
|
DIRECTOR |
BRIDGET JAYNE ELLISON |
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Occupation |
DIVISIONAL DIRECTOR |
|
Address |
16 , DALE VIEW , CHORLEY , LANCS
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
19/07/1962 |
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Resignation Date |
05/12/2006 |
|
DIRECTOR |
RICHARD JOHN BOOT |
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Occupation |
HARTERED ACCOUNTANT |
|
Address |
CHURCHILL GRANGE , WAGGON LANE , KIDDERMINSTER
, WORCS , - - |
|
Country of Origin |
BRITISH |
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Date of Birth |
26/12/1950 |
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Resignation Date |
05/12/2006 |
|
DIRECTOR |
ANTHONY GERALD ROBSON |
|
Address |
56 , FREDERICK ROAD , SUTTON COLDFIELD
, WEST MIDLANDS , - - |
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Date of Birth |
09/01/1953 |
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Resignation Date |
24/11/2003 |
Share Summary
|
Share Currency: |
GBP |
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Principle Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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EURO ASSOCIATED HOLDINGS LTD |
ORD |
100,000 |
100,000.00 |
10.00 |
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Mortgages and Charges
|
Total Registered |
15 |
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Total Outstanding |
3 |
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Total Satisfied |
12 |
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Most Recent Mortgage |
07/12/2006 |
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|
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Date Registered |
15/12/2006 |
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Type |
395 |
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Date Created |
07/12/2006 |
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Lender |
LLOYDS TSB BANK PLC AS
SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES (THE |
|
Secured On |
ALL MONIES DUE OR TO BECOME
DUE FROM ANY CHARGING COMPANY OR ANY OTHER OBLIGOR TO ANY SECURED PARTY ON
ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
|
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? |
No |
|
|
|
|
Date Registered |
30/01/2004 |
|
Type |
395 |
|
Date Created |
26/01/2004 |
|
Lender |
HSBC BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THE COMPANY'S RIGHTS TO
AND INTEREST IN ALL OF THE AMOUNTS FROM TIME TO TIME CREDITED TO ALL THE
COMPANY'S ACCOUNTS, ALL INTEREST AND OTHER BENEFITS ARISING IN CONNECTION WITH
THOSE AMOUNTS |
|
Satisfied? |
No |
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|
Date Registered |
31/07/2001 |
|
Type |
395 |
|
Date Created |
31/07/2001 |
|
Lender |
HSBC ASSET FINANCE (UK)
LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL AND SINGULAR THE CHATTELS
PLANT MACHINERY AND THINGS DESCRIBED IN THE SCHEDULE HERETO OR ANY PART
THEREOF. 1999 NISSAN FORKLIFT SNO 700759. 1999 NISSAN FORKLIFT SNO 700760.
JUNGHEINRICH LPG FORK LIFT TRUSCK SNO A810B02694S. FOR FURTHER DETAILS OF
CHATTELS CHARGED PLEASE REFER TO FORM 395. SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
Fully |
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|
|
|
Date Registered |
06/06/2000 |
|
Type |
395 |
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Date Created |
31/05/2000 |
|
Lender |
HSBC 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
29/07/1995 |
|
Type |
395 |
|
Date Created |
27/07/1995 |
|
Lender |
BANGKOK 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
09/12/1994 |
|
Type |
395 |
|
Date Created |
09/12/1994 |
|
Lender |
FORWARD TRUST LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ONE NEW TRIUMPH I SOS BAG MAKING
MACHINE SERIAL No QMS9921746S127111957 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
14/07/1994 |
|
Type |
395 |
|
Date Created |
06/07/1994 |
|
Lender |
DALLAH ALBARAKA INVESTMENT
COMPANY LIMITED |
|
Secured On |
UNDER THE TERMS OF THE CHARGE ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
ALL GOODS BILLS OF LADING
DOCKS AND WAREHOUSE WARRANTS OTHER DOCUMENTS OF TITLE TO OR RELATING TO GOODS
POLICIES OF INSURANCE AND SECURITIES WHICH SHALL FROM TIME TOTIME BE DEPOSITED
BY THE COMPANY WITH THE CHARGEE OR ITS AGENT. ALL PROPERTY AND OTHER RIGHTS
ALL PROCEEDS OF SALE. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/08/1993 |
|
Type |
395 |
|
Date Created |
10/08/1993 |
|
Lender |
BANGKOK BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
SUCH BILLS OF LADING AND OTHER
DOCUMENTS OF TITLE TO GOODS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
25/10/1990 |
|
Type |
9999 |
|
Date Created |
24/10/1990 |
|
Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR
CLYDE POLYTHENE LIMITED TO THE CHARGEE. |
|
Details |
ALL SUMS DUE AND TO BECOME DUE TO THE COMPANY BY CLYDE
POLYTHENE LIMITED IN RESPECT OF A LOAN FOR 225,000. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
01/09/1989 |
|
Type |
9999 |
|
Date Created |
29/08/1989 |
|
Lender |
ALBARAKA INTERNATIONAL BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS BILLS OF LADING DOCK AND WAREHOUSE WARRANTS (SEE
FORM 395 FOR FULL DETAILS) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
02/11/1987 |
|
Type |
9999 |
|
Date Created |
20/10/1987 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
AUTOMOTIVE ENGINEERING WORK SHOPS SITUATE AT HIGHGATE ROAD
SPARK BROOK BIRMINGHAM WEST MIDLANDS WM 330104 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
24/07/1987 |
|
Type |
9999 |
|
Date Created |
17/07/1987 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
(INCLUDING TRADE FIXTURES) 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? |
Fully |
|
|
|
|
Date Registered |
30/09/1983 |
|
Type |
9999 |
|
Date Created |
19/09/1983 |
|
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 |
SPECIFIC EQUITABLE CHARGE OVER ALL FH & LH PROPERTIES
ANDOR THE PROCEEDS OF THE SALE THEREOF. FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE EXCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
19/03/1983 |
|
Type |
9999 |
|
Date Created |
18/03/1983 |
|
Lender |
KEEP BROTHERS LIMITED. |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
19/10/1979 |
|
Type |
9999 |
|
Date Created |
05/10/1979 |
|
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 |
UNIT 19B HIGHGATE TRADING ESTATE, MOSELEY RD, KYRWICKS,
AND OUGHTON RD, HIGHGATE BIRMINGHAM WM 122764 FLOATING CHARGE OVER ALL
MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
|
Satisfied? |
Fully |
Public Record Information
Summary
of CCJ's/Scottish Decrees
|
There are 8 exact unsatisfied CCJs totalling GBP 24766 in
the last 72 months |
Details
of most recent CCJ's/Scottish Decrees
|
25/04/2007, a Judgment of "GBP" 3646 was
"Satisfied" in OXFORD court (Case No. 7OX01256 ) against Euro
Packaging Ltd, 20 Brickfield Rd Yardley, Birmingham, WEST MIDLANDS, B25 8EH |
|
04/07/2006, a Judgment of "GBP" 3241 was made in
WILLESDEN court (Case No. 6WI04299 ) against Euro Packaging Ltd, Euro Packing
Warehouse Complex Amington Road, Yardley, Birmingham, WEST MIDLANDS, B25 8ET |
|
22/09/2004, a Judgment of "GBP" 731 was
"Satisfied" in NORTHAMPTON court (Case No. 4XC39179 ) against Euro
Packaging Ltd, 1 Queen St Highgate, Birmingham, WEST MIDLANDS, B12 8JG |
|
22/07/2004, a Judgment of "GBP" 1075 was made in
NORTHAMPTON court (Case No. 4XQ47658 ) against Euro Packaging PLC, 238-254
Highgate Rd Sparkbrook, Birmingham, WEST MIDLANDS, B12 8EA |
|
22/07/2004, a Judgment of "GBP" 722 was made in
NORTHAMPTON court (Case No. 4XQ47665 ) against Euro Packaging PLC, 1 Queen
St, Birmingham, WEST MIDLANDS, B12 8JG |
|
20/07/2004, a Judgment of "GBP" 422 was made in
NORTHAMPTON court (Case No. 4XQ47676 ) against Euro Packaging PLC, 238-254
Highgate Rd Sparkbrook, Birmingham, WEST MIDLANDS, B12 8EA |
|
19/07/2004, a Judgment of "GBP" 456 was made in
LEEDS court (Case No. 4XQ46802 ) against Euro Packaging PLC, Amington Rd
Yardley, Birmingham, WEST MIDLANDS, B25 8JZ |
|
01/07/2004, a Judgment of "GBP" 5956 was made in
LEEDS court (Case No. 4XQ46806 ) against Euro Packaging PLC, Amingotn Rd
Yardley, Birmingham, WEST MIDLANDS, B25 8JZ |
|
13/11/2003, a Judgment of "GBP" 198 was made in
NORTHAMPTON court (Case No. XJ330418 ) against Euro Packaging PLC, 1 Queens
St, Birmingham, WEST MIDLANDS, B12 8JG |
|
04/07/2003, a Judgment of "GBP" 12696 was made in
BIRMINGHAM court (Case No. BM308323 ) against Eurpacking Ltd, 118 Amington Rd
Yardley, Birmingham, WEST MIDLANDS, B25 8JZ |
Operations
|
Activities |
Bankers: Lloyds TSB Bank PLC (30-00-03) |
|
Sic Code |
Description |
|
5170 |
Other wholesale |
|
Staff Employed |
354 |
|
Auditors |
Deloitte & Touche LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
Financial Data
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
000 |
000 |
000 |
000 |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
126,593 |
106,664 |
93,236 |
91,087 |
|
Export Sales |
9,940 |
- |
- |
1,677 |
|
Change in stocks of finished goods & in work in
progress |
-7,311 |
-2,391 |
437 |
2,813 |
|
Raw materials, consumables |
109,830 |
85,310 |
73,234 |
70,426 |
|
Cost of Goods Sold |
102,519 |
82,919 |
73,671 |
73,239 |
|
GROSS PROFIT |
24,074 |
23,745 |
19,565 |
17,848 |
|
Wages and Salaries |
7,363 |
10,397 |
9,242 |
6,862 |
|
Depreciation |
1,255 |
1,529 |
1,359 |
1,171 |
|
Other operating charges |
13,468 |
9,280 |
7,759 |
9,387 |
|
Net Operating Profit(Loss) |
1,988 |
2,539 |
1,205 |
428 |
|
Non Trading Income |
1 |
9 |
76 |
211 |
|
Total Non Trading Income |
1 |
9 |
76 |
211 |
|
Interest expenses & similar (-) |
1,045 |
1,466 |
28 |
66 |
|
Other financial charges |
732 |
- |
- |
- |
|
Financial Expenses |
1,777 |
1,466 |
28 |
66 |
|
PRE TAX PROFIT |
212 |
1,082 |
1,253 |
573 |
|
Other Taxation |
-44 |
35 |
301 |
-175 |
|
Taxation |
428 |
240 |
209 |
30 |
|
PROFIT AFTER TAX |
-172 |
807 |
743 |
718 |
|
Net Loss |
172 |
- |
- |
- |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
- |
807 |
743 |
718 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
000 |
000 |
000 |
000 |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
5,955 |
7,661 |
7,568 |
6,157 |
|
Land & buildings |
686 |
700 |
714 |
728 |
|
Plant, machinery & equipment |
5,269 |
6,961 |
6,854 |
5,429 |
|
TOTAL CURRENT ASSETS |
100,141 |
81,763 |
47,719 |
41,198 |
|
Stocks |
15,367 |
8,941 |
6,197 |
6,338 |
|
Trade Debtors |
26,612 |
17,413 |
17,721 |
13,951 |
|
Other Receivables |
1,075 |
202 |
146 |
60 |
|
Prepaid expenses |
367 |
355 |
2,089 |
414 |
|
Group Loans |
55,450 |
52,323 |
17,797 |
2,378 |
|
Cash |
553 |
1,761 |
3,504 |
7,139 |
|
Tax Recoverable |
717 |
768 |
265 |
974 |
|
TOTAL ASSETS |
106,096 |
89,424 |
55,287 |
47,355 |
|
TOTAL CURRENT LIABILITIES |
81,217 |
37,329 |
31,034 |
24,146 |
|
Other Current Liabilities |
81,217 |
935 |
855 |
759 |
|
WORKING CAPITAL |
18,924 |
44,434 |
16,685 |
17,052 |
|
TOTAL LONG TERM LIABS |
461 |
27,505 |
470 |
169 |
|
Taxation |
461 |
505 |
470 |
169 |
|
NET ASSETS/(LIABILITIES) |
24,879 |
52,095 |
24,253 |
23,209 |
|
SHARE CAPITAL + RESERVES |
24,418 |
24,590 |
23,783 |
23,040 |
|
Issued Share Capital |
1,000 |
1,000 |
1,000 |
1,000 |
|
Profit and Loss account |
23,418 |
23,590 |
22,783 |
22,040 |
|
SHAREHOLDERS FUNDS |
24,418 |
24,590 |
23,783 |
23,040 |
|
CAPITAL EMPLOYED |
24,879 |
52,095 |
24,253 |
23,209 |
|
TANGIBLE NET WORTH |
24,418 |
24,590 |
23,783 |
23,040 |
|
Key Credit Ratios
|
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Current Ratio |
1.23 |
2.19 |
1.54 |
1.71 |
|
Profit Before Tax |
0.00 |
0.01 |
0.01 |
0.01 |
|
Creditors Days (D.P.O) |
- |
112.44 |
114.32 |
79.88 |
|
Quick Ratio |
1.04 |
1.95 |
1.34 |
1.44 |
|
Return on Assets |
0.20 |
1.21 |
2.27 |
1.21 |
|
T.N.W/Total Assets |
0.23 |
0.27 |
0.43 |
0.49 |
|
Return on Capital |
0.85 |
2.08 |
5.17 |
2.47 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.53 |
0.49 |
0.51 |
1.36 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
334.50 |
263.66 |
132.46 |
105.53 |
|
|
|
Financial Summary
|
|
|
Turnover |
Turnover increased by more than 19% in the period.
Turnover totalled GBP 126,593,000 for the period. |
|
Operating Profit |
Totalled GBP 1,988,000 In the period prior a profit
of GBP 2,539,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 212,000 compared
with a profit of GBP 1,082,000 in the previous period. |
|
Working Capital |
The company's working capital decreased in the period by
57% |
|
Tangible Net Worth |
Net worth reduced by 172,000 during the period and now
stands at GBP 24,418,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
1,706,000 to GBP 5,955,000 and are now 6% of total assets
compared with 9% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 98% and are now 2% of net worth compared with 112% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 31% in the previous period |
|
|
|
Previous Searches on this
Company
|
|
|
|
|
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
4 |
7 |
10 |
|
|
||
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%)