MIRA
INFORM REPORT
|
Report Date : |
08.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
I HOLLAND LIMITED |
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Registered Office : |
Meadow Lane, Long Eaton, Nottingham, Nottinghamshire NG10
2GD |
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Country : |
United Kingdom |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
03.02.1998 |
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Com. Reg. No.: |
03503148 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Pharmaceutical Tooling Manufacturers; also Steel Cabinet
Manufacturers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 58,900 |
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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 |
I HOLLAND LIMITED |
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Ultimate Holding Company |
I HOLLAND LTD |
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Trading Address |
MEADOW LA,LONG EATON,NOTTINGHAM,NG10 2GD |
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Telephone |
01159-726153 |
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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 58,900 |
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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 620,500 |
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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) |
|
Registration Number |
03503148 |
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Date of Incorporation |
03/02/1998 |
|
Registered Office |
Meadow Lane, Long Eaton, Nottingham, Nottinghamshire NG10
2GD |
|
Date of Last Annual Return to
Registry |
03/02/2007 |
|
Activities |
Pharmaceutical tooling manufacturers; also steel cabinet
manufacturers. |
|
Accounts |
The last filed accounts cover the period to 31/07/2007 and
were filed on 03/04/2008 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
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03/02/2007 |
Annual Return |
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31/07/2007 |
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 |
DIRECTOR |
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Address |
C O COBRA BIO-MANUFACTURING PLC , THE SCIENCE PARK
UNIVERSITY OF KEELE , KEELE , NEWCASTLE ST , |
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Country of Origin |
BRITISH |
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Date of Birth |
18/11/1945 |
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Appointment Date |
13/02/1998 |
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Other Appointments |
COBRA BIO-MANUFACTURING PLC, COBRA BIOLOGICS
LIMITED, COBRA BIOMANUFACTURING EBT LIMITED, COGNOISETTE
LIMITED, COUNTERSETT LIMITED, I HOLLAND LIMITED, LOUGHBOROUGH
ENDOWED SCHOOLS , MARSETT MEDIA LIMITED, TABLETTING SCIENCE
LIMITED, TABTOOL LIMITED |
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DIRECTOR |
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Occupation |
MANAGING DIRECTOR |
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Address |
21A, PRIMROSE LANE KIRKBURTON , HUDDERSFIELD
, HD8 0QY |
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Date of Birth |
26/02/1955 |
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Appointment Date |
20/10/2003 |
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Other Appointments |
I HOLLAND LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
70, HIGH ROAD TOTON BEESTON , NOTTINGHAM
, NG9 6EH |
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Country of Origin |
BRITISH |
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Date of Birth |
24/05/1952 |
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Appointment Date |
09/03/1998 |
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Other Appointments |
COGNOISETTE LIMITED, I HOLLAND
LIMITED, TABLETTING SCIENCE LIMITED, TABTOOL LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
COPPICE CORNER , ASTON HALL DRIVE ASTON ON TRENT
, DERBY , DE72 2DD |
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Country of Origin |
BRITISH |
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Date of Birth |
03/01/1961 |
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Appointment Date |
09/03/1998 |
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Other Appointments |
COGNOISETTE LIMITED, I HOLLAND
LIMITED, TABLETTING SCIENCE LIMITED, TABTOOL LIMITED |
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DIRECTOR |
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Occupation |
FINANCE DIRECTOR |
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Address |
85, ARUN DALE MANSFIELD WOODHOUSE , MANSFIELD
, NOTTS , NG19 9RE |
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Country of Origin |
BRITISH |
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Date of Birth |
09/03/1966 |
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Appointment Date |
01/06/2004 |
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Other Appointments |
I HOLLAND LIMITED |
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SECRETARY |
MR DAVID HINDS |
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Address |
85 ARUN DALE, MANSFIELD WOODHOUSE , MANSFIELD
, NOTTINGHAMSHIRE , NG19 9RE |
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Country of Origin |
BRITISH |
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Date of Birth |
09/03/1966 |
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Appointment Date |
23/03/2004 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MR MICHAEL ANTHONY GLOVER |
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Occupation |
MARKETING DIRECTOR |
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Address |
15 , HAMILTON DRIVE , NOTTINGHAM , NOTTS
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
08/07/1939 |
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Resignation Date |
22/09/2004 |
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DIRECTOR |
CARL MAURICE EDWARDS |
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Occupation |
FINANCE DIRECTOR |
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Address |
190 , BROADWAY , DERBY , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
11/06/1961 |
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Resignation Date |
28/02/2003 |
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DIRECTOR |
MR GEOFFREY P BARTON |
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Address |
40 , RAYNEHAM ROAD , ILKESTON , DERBYSHIRE
, - - |
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Date of Birth |
29/07/1946 |
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Resignation Date |
08/11/2001 |
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 Stephen Ivan Deakin |
ORD |
267,666 |
267,666.00 |
43.00 |
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Mr Geoffrey Peter Fothergill |
ORD |
82,707 |
82,707.00 |
13.00 |
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Mr Trevor Martin Higgins |
ORD |
267,666 |
267,666.00 |
43.00 |
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Mortgages and Charges
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Total Registered |
4 |
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Total Outstanding |
4 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
13/05/1998 |
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Date Registered |
23/05/1998 |
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Type |
395 |
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Date Created |
13/05/1998 |
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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 |
THE COMPANY ASSIGNS TO THE BANK POLICY NUMBER 0085793628
WITH LEGAL AND GENERAL ASSURANCE SOCIETY ON THE LIFE OF STEPHEN IVAN DEAKIN.
SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
23/05/1998 |
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Type |
395 |
|
Date Created |
13/05/1998 |
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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 |
THE COMPANY ASSIGNS TO THE BANK POLICY NUMBER 0085793487
WITH LEGAL AND GENERAL ASSURNACE SOCIETY ON THE LIFE OF TREVOR MARTIN
HIGGINS. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
19/03/1998 |
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Type |
395 |
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Date Created |
09/03/1998 |
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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 FORMERLY
KNOWN AS KELPORT LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
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Details |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND
LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING
CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
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Satisfied? |
No |
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Date Registered |
19/03/1998 |
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Type |
395 |
|
Date Created |
09/03/1998 |
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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 FORMERLY
KA KELPORT LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FREEHOLD PROPERTY KA MEADOW LANE LONG EATON NOTTINGHAM
DERBYSHIRE TN DY124229 DY48903 AND DY190430 AND THE PROCEEDS OF SALE THEREOF
FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF
ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES |
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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 |
Pharmaceutical tooling manufacturers; also steel cabinet
manufacturers. |
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Sic Code |
Description |
|
2030 |
Manufacture of builders' carpentry and joinery |
|
3320 |
Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other pur |
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Staff Employed |
172 |
|
Auditors |
Cooper-Parry |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
National Westminster Bank Plc 51 Market Place |
|
Sort Codes |
601323 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
GROSS PROFIT |
4,065,855 |
4,256,342 |
4,360,601 |
4,792,904 |
|
Other Expenses |
1,476,228 |
1,441,730 |
1,319,844 |
1,116,402 |
|
General administration costs (-) |
2,214,017 |
2,246,801 |
2,377,404 |
2,172,782 |
|
Wages and Salaries |
3,562,174 |
3,486,407 |
3,673,431 |
3,745,830 |
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Depreciation |
681,687 |
676,385 |
646,708 |
402,457 |
|
Net Operating Profit(Loss) |
375,610 |
567,811 |
663,353 |
1,503,720 |
|
Total Non Trading Income |
0 |
0 |
0 |
0 |
|
Interest expenses & similar (-) |
97,756 |
110,717 |
136,450 |
119,616 |
|
Financial Expenses |
97,756 |
110,717 |
136,450 |
119,616 |
|
PRE TAX PROFIT |
277,854 |
457,094 |
526,903 |
1,384,104 |
|
Other Taxation |
-980 |
-31,877 |
44,995 |
29,451 |
|
Taxation |
127,851 |
210,000 |
159,718 |
450,542 |
|
PROFIT AFTER TAX |
150,983 |
278,971 |
322,190 |
904,111 |
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Net Profit |
150,983 |
278,971 |
322,190 |
904,111 |
|
Dividends Payable |
70,456 |
70,456 |
1,296,270 |
0 |
|
RETAINED PROFITS |
80,527 |
208,515 |
-974,080 |
904,111 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
6,119,560 |
6,509,484 |
6,943,684 |
6,869,556 |
|
Land & buildings |
393,975 |
404,041 |
414,109 |
424,177 |
|
Plant, machinery & equipment |
1,846,581 |
1,985,491 |
2,168,675 |
1,843,531 |
|
Intermediate Assets |
1,328,997 |
1,328,997 |
1,328,997 |
1,328,997 |
|
Intangible Assets |
2,550,007 |
2,790,955 |
3,031,903 |
3,272,851 |
|
TOTAL CURRENT ASSETS |
3,254,402 |
2,933,391 |
2,661,666 |
3,001,104 |
|
Stocks |
998,809 |
711,072 |
394,011 |
312,553 |
|
Trade Debtors |
1,490,432 |
1,459,867 |
1,566,096 |
1,862,243 |
|
Other Receivables |
43,889 |
58,278 |
19,345 |
128,606 |
|
Prepaid expenses |
216,344 |
199,246 |
162,483 |
176,421 |
|
Group Loans |
504,928 |
504,928 |
504,928 |
521,281 |
|
TOTAL ASSETS |
9,373,962 |
9,442,875 |
9,605,350 |
9,870,660 |
|
TOTAL CURRENT LIABILITIES |
3,582,487 |
3,148,358 |
2,836,398 |
3,083,035 |
|
Trade Creditors |
1,332,368 |
1,114,632 |
861,498 |
1,056,157 |
|
Bank Overdraft |
1,233,272 |
887,893 |
951,144 |
333,729 |
|
Taxes |
254,883 |
326,328 |
272,012 |
565,441 |
|
Hire Purchase |
156,587 |
200,471 |
167,181 |
132,608 |
|
Accruals & deferred income |
605,377 |
619,034 |
584,563 |
888,691 |
|
WORKING CAPITAL |
-328,085 |
-214,967 |
-174,732 |
-81,931 |
|
TOTAL LONG TERM LIABS |
1,845,440 |
2,429,009 |
3,111,959 |
2,156,552 |
|
Taxation |
334,151 |
335,131 |
361,133 |
314,861 |
|
Mortgages and loans |
114,882 |
595,103 |
1,122,777 |
416,626 |
|
Total Hire Purchase / Leasing |
67,410 |
169,778 |
299,052 |
96,068 |
|
Debts to group companies |
1,328,997 |
1,328,997 |
1,328,997 |
1,328,997 |
|
NET ASSETS/(LIABILITIES) |
5,791,475 |
6,294,517 |
6,768,952 |
6,787,625 |
|
SHARE CAPITAL + RESERVES |
3,946,035 |
3,865,508 |
3,656,993 |
4,631,073 |
|
Issued Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Share Premium Accounts |
2,372,081 |
2,372,081 |
2,372,081 |
2,372,081 |
|
Profit and Loss account |
573,954 |
493,427 |
284,912 |
1,258,992 |
|
SHAREHOLDERS FUNDS |
3,946,035 |
3,865,508 |
3,656,993 |
4,631,073 |
|
CAPITAL EMPLOYED |
5,791,475 |
6,294,517 |
6,768,952 |
6,787,625 |
|
TANGIBLE NET WORTH |
1,396,028 |
1,074,553 |
625,090 |
1,358,222 |
Key Credit Ratios
|
Accounts Date |
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
Current Ratio |
0.91 |
0.93 |
0.94 |
0.97 |
|
Profit Before Tax |
- |
0.05 |
0.05 |
0.14 |
|
Creditors Days (D.P.O) |
- |
73.29 |
59.97 |
71.66 |
|
Quick Ratio |
0.63 |
0.71 |
0.80 |
0.87 |
|
Return on Assets |
5.06 |
8.59 |
10.05 |
26.27 |
|
T.N.W/Total Assets |
0.15 |
0.11 |
0.07 |
0.14 |
|
Return on Capital |
4.80 |
7.26 |
7.78 |
20.39 |
|
Working Capital/Sales |
- |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.01 |
0.01 |
0.00 |
0.01 |
|
Stock Turnover |
- |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
388.81 |
519.04 |
951.60 |
385.77 |
Financial Summary
|
Operating Profit |
Totalled GBP 375,610,units In the period prior a
profit of GBP 567,811,units was achieved. |
|
Pre Tax |
The subject made a profit of GBP 277,854,units
compared with a profit of GBP 457,094,units in the previous period. |
|
Working Capital |
The company's working capital deficiency increased in the
period and now stands at GBP 328,085,units |
|
Tangible Net Worth |
Net worth increased by 321,475 during the period and now
stands at GBP 1,396,028,units |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
148,976 to GBP 2,240,556,units and are now 24% of total assets
compared with 25% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 24% and are now 132% of net worth compared with 226% in the
previous period |
|
Long Term Liabilities |
Long term liabilities are now 20% of total assets compared
with 26% in the previous period |
Previous
Searches on this Company
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Last 3 Months |
Last 6 Months |
Last 12 Months |
|
1 |
2 |
2 |
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|
Date |
Time |
SIC Code |
SIC Category |
Report Type |
|
11/02/2008 |
10:42AM |
6340 |
Activities of other transport agencies |
Keep-It-Live Comprehensive Report |
|
03/01/2008 |
9:56AM |
3320 |
Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other pur |
Keep-It-Live Comprehensive Report |
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%)