MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
COBELL LTD |
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Registered Office : |
Alphinbrook Hse, Alphinbrook Rd Marsh Barton, Exeter, EX2
8RG |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
12.11.1999 |
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Com. Reg. No.: |
03876527 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Wholesalers of Fresh Fruits |
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 6,900 |
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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 |
COBELL LTD |
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Ultimate Holding Company |
COBELL LTD |
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Trading Address |
APHINBROOK HO,APHINBROOK RD, MARSH BARTON,EXETER,EX2 8RG |
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Telephone |
01392-430280 |
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This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 6,900 |
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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 82,400 |
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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 |
03876527 |
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Date of Incorporation |
12/11/1999 |
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Registered Office |
Alphinbrook Hse, Alphinbrook Rd Marsh Barton, Exeter, EX2
8RG |
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Date of Last Annual Return to
Registry |
03/11/2006 |
|
Activities |
Wholesalers of fresh fruits |
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 28/01/2008 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
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03/11/2006 |
Annual Return |
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31/03/2007 |
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
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DIRECTOR |
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Occupation |
COMMODITIES TRADER |
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Address |
YEALM MANOR , COWICK LANE , EXETER
, EX2 9JG |
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Country of Origin |
BRITISH |
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Date of Birth |
01/03/1967 |
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Appointment Date |
10/02/2000 |
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Other Appointments |
COBELL LTD, CONCEPT FOOD PACKING LIMITED |
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DIRECTOR |
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Occupation |
COMMODITIES TRADER |
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Address |
YEALM MANOR , COWICK LANE , EXETER
, EX2 9JG |
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Country of Origin |
BRITISH |
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Date of Birth |
13/03/1968 |
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Appointment Date |
10/02/2000 |
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Other Appointments |
COBELL LTD, CONCEPT FOOD PACKING LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
BAG END , WINDMILL HILL ASHILL , ILMINSTER
, SOMERSET , TA19 9NT |
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Country of Origin |
BRITISH |
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Date of Birth |
11/08/1964 |
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Appointment Date |
25/03/2005 |
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Other Appointments |
COBELL LTD, CONCEPT FOOD PACKING
LIMITED, MAMHEAD BUSINESS UNITS MANAGEMENT COMPANY LIMITED, PEARCE
DYER ASSOCIATES LTD |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
CULVER COTTAGE , HADHAM CROSS , MUCH HADHAM
, HERTS , SG10 6AP |
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Country of Origin |
BRITISH |
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Date of Birth |
20/03/1972 |
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Appointment Date |
26/11/2007 |
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Other Appointments |
COBELL LTD |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
EWELL HALL , EWELL HALL CHASE KELVEDON
, COLCHESTER , CO5 9BQ |
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Country of Origin |
BRITISH |
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Date of Birth |
11/01/1969 |
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Appointment Date |
26/11/2007 |
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Other Appointments |
COBELL LTD |
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SECRETARY |
MS NICOLA PEARCE |
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Address |
BAG END, WINDMILL HILL , ASHILL , SOMERSET
, TA19 9NT |
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Country of Origin |
BRITISH |
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Date of Birth |
21/07/1967 |
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Appointment Date |
28/03/2006 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MR GARY P WYMAN |
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Occupation |
COMMODITIES TRADER |
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Address |
5 , SHIREBOURNE VALE , CHELMSFORD
, - - |
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Date of Birth |
25/09/1971 |
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Resignation Date |
27/07/2000 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Mr David Michael Pearce |
ORD |
250 |
250.00 |
23.00 |
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Mr Graham Holland |
ORD |
70 |
70.00 |
6.00 |
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Mr Nicholas Simon Sprague |
ORD |
305 |
305.00 |
28.00 |
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Mrs Alison Sarah Sprague |
ORD |
305 |
305.00 |
28.00 |
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Mrs Julie Elizabeth Bowell |
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100 |
100.00 |
9.00 |
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Trustee Of Ian Charles Ross Taylor |
ORD |
70 |
70.00 |
6.00 |
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Mortgages and Charges
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Total Registered |
3 |
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Total Outstanding |
3 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
19/12/2005 |
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Date Registered |
23/12/2005 |
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Type |
395 |
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Date Created |
19/12/2005 |
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Lender |
NATIONAL WESTMINSTER 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 |
22/11/2005 |
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Type |
395 |
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Date Created |
09/11/2005 |
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Lender |
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE 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 |
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Satisfied? |
No |
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Date Registered |
17/02/2000 |
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Type |
395 |
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Date Created |
08/02/2000 |
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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 |
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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 SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Wholesalers of fresh fruits |
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Sic Code |
Description |
|
5131 |
Wholesale of fruit and vegetables |
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Staff Employed |
17 |
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Auditors |
Bush & 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. |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
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 |
|
RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
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 |
|
Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
181,037 |
243,520 |
90,403 |
76,500 |
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Total Fixed Assets |
181,037 |
139,150 |
90,403 |
76,500 |
|
TOTAL CURRENT ASSETS |
2,564,684 |
1,406,148 |
507,925 |
565,170 |
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Stocks |
449,333 |
208,516 |
78,000 |
129,542 |
|
Trade Debtors |
1,752,723 |
1,197,378 |
429,571 |
413,435 |
|
Other Receivables |
155,185 |
- |
- |
- |
|
Cash |
207,443 |
254 |
354 |
22,193 |
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TOTAL ASSETS |
2,745,721 |
1,649,668 |
598,328 |
641,670 |
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TOTAL CURRENT LIABILITIES |
2,547,449 |
1,479,909 |
498,903 |
427,094 |
|
Bank Overdraft |
966,321 |
732,170 |
141,945 |
- |
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Other Current Liabilities |
1,581,128 |
747,739 |
356,958 |
427,094 |
|
WORKING CAPITAL |
17,235 |
-73,761 |
9,022 |
138,076 |
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TOTAL LONG TERM LIABS |
49,987 |
59,652 |
1,200 |
0 |
|
Other Long Term Liabilities |
49,987 |
59,652 |
1,200 |
- |
|
NET ASSETS/(LIABILITIES) |
198,272 |
169,759 |
99,425 |
214,576 |
|
SHARE CAPITAL + RESERVES |
148,285 |
110,107 |
98,225 |
214,576 |
|
Issued Share Capital |
1,100 |
1,100 |
1,100 |
1,100 |
|
Profit and Loss account |
147,185 |
66,200 |
97,125 |
213,476 |
|
SHAREHOLDERS FUNDS |
148,285 |
110,107 |
98,225 |
214,576 |
|
CAPITAL EMPLOYED |
198,272 |
169,759 |
99,425 |
214,576 |
|
TANGIBLE NET WORTH |
148,285 |
110,107 |
98,225 |
214,576 |
Key Credit Ratios
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Current Ratio |
1.01 |
0.95 |
1.02 |
1.32 |
|
Quick Ratio |
0.83 |
0.81 |
0.86 |
1.02 |
|
T.N.W/Total Assets |
0.05 |
0.07 |
0.16 |
0.33 |
|
Equity Gearing |
0.03 |
0.02 |
0.82 |
- |
|
Solvency (%) |
1751.65 |
1398.24 |
509.14 |
199.04 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by
-123% |
|
Tangible
Net Worth |
Net worth increased by 38,178 during the period and now
stands at GBP 148,285,units |
|
Fixed
Assets |
The subjects fixed assets increased during the period by
GBP 41,887 to GBP 181,037,units and are now 7% of total assets compared
with 8% in the previous period |
|
Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 16% and are now 34% of net worth compared with 54% in the previous
period |
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Long
Term Liabilities |
Long term liabilities are now 2% of total assets compared
with 4% in the previous period |
Previous Searches on this Company
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Last 3 Months |
Last 6 Months |
Last 12 Months |
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1 |
2 |
3 |
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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 |
|
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 |
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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%)