MIRA
INFORM REPORT
|
Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WILLIAM RANSOM & SON PUBLIC LIMITED COMPANY |
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Registered Office : |
Alexander House, 40a Wilbury Way, Hitchin, Hertfordshire
SG4 0AP |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
23.12.1912 |
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Com. Reg. No.: |
00126138 |
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Legal Form : |
Public Limited Liability Company (GB) |
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Line of Business : |
Manufacturers of Pharmaceutical Products |
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 |
|
Maximum Credit Limit : |
GBP 619,700 |
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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 |
WILLIAM RANSOM & SON PUBLIC LIMITED COMPANY |
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Ultimate Holding Company |
WILLIAM RANSOM & SON PLC |
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Trading Address |
Alexander Ho,40a Wilbury Way,HITCHIN,SG4 0AP |
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Telephone |
01462-437615 |
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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 619,700 |
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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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Contract Limit |
GBP 4,726,100 |
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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 |
Public Limited Liability Company (GB) |
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Registration Number |
00126138 |
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Date of Incorporation |
23/12/1912 |
|
Registered Office |
Alexander House, 40a Wilbury Way, Hitchin, Hertfordshire
SG4 0AP |
|
Date of Last Annual Return to
Registry |
29/09/2007 |
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Activities |
Manufacturers of pharmaceutical products |
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 20/09/2007 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
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29/09/2007 |
Annual Return |
|
31/03/2007 |
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
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
PRIORY FARM , SHUDY CAMPS , CAMBRIDGE
, CB1 6RE |
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Country of Origin |
BRITISH |
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Date of Birth |
01/02/1949 |
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|
Appointment Date |
01/04/2006 |
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Other Appointments |
DIDLINGTON FISHERIES LIMITED, GREENE KING PENSION
SCHEME LIMITED, GREENE KING PLC, GREENE KING TRUSTEES
LIMITED, THE MAGIC PUB TRUSTEE COMPANY LIMITED, WEATHERBYS VENTURES
LIMITED, WILLIAM RANSOM & SON PUBLIC LIMITED COMPANY |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
6, CHURCH MEWS CHURCH STREET MOULTON , NORTHAMPTON
, NN3 7SE |
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Country of Origin |
BRITISH |
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Date of Birth |
26/09/1947 |
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Appointment Date |
01/03/2007 |
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Other Appointments |
AIRWAIR (1994)
LIMITED, AIRWAIR (1996) LIMITED, AIRWAIR INTERNATIONAL
LIMITED, AIRWAIR LIMITED, AMERIGO LIMITED, ARHEUMACARE
LIMITED, ARTHUR WHITTLE & COMPANY,LIMITED, DESBOROUGH SHOE
COMPANY,LIMITED(THE), DR. MARTENS DEPT. STORE LIMITED, G.W. &
R.SHELTON LIMITED, HEALTH PERCEPTION (UK) LIMITED, KORDEL LIMITED, MENOLIFE
LIMITED, OPTIMA HEALTH LTD., OPTIMA HEALTHCARE
LIMITED, PHILLIPS BROS.(WOLLASTON).LIMITED, R GRIGGS GROUP
LIMITED, R. GRIGGS & CO. LIMITED, TOWER BOOT COMPANY
LIMITED(THE), W R TRUSTEE COMPANY LIMITED, WEAR:AER (1999)
LIMITED, WEAR:AER INTERNATIONAL LIMITED, WILLIAM RANSOM & SON
PUBLIC LIMITED COMPANY |
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DIRECTOR |
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Occupation |
FINANCE DIRECTOR |
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Address |
LONG MEADOW 22, MILL ROAD SLAPTON , LEIGHTON
BUZZARD , BEDS , LU7 9BT |
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Country of Origin |
BRITISH |
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Date of Birth |
27/02/1962 |
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Appointment Date |
02/03/2007 |
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Other Appointments |
AMERIGO LIMITED, ARHEUMACARE LIMITED, HEALTH
PERCEPTION (UK) LIMITED, KORDEL LIMITED, MENOLIFE
LIMITED, OPTIMA HEALTH LTD., OPTIMA HEALTHCARE
LIMITED, PROJECT ACORN LIMITED, W R TRUSTEE COMPANY LIMITED, WILLIAM
RANSOM & SON PUBLIC LIMITED COMPANY |
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SECRETARY |
MR IAN MISCAMPBELL |
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Address |
LONG MEADOW, 22 MILL ROAD SLAPTON , LEIGHTON
BUZZARD , BEDFORDSHIRE , LU7 9BT |
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Country of Origin |
BRITISH |
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Date of Birth |
27/02/1962 |
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Appointment Date |
02/03/2007 |
Recently Resigned Directors (last
3)
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DIRECTOR |
TIMOTHY GEORGE DYE |
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Occupation |
CHIEF EXECUTIVE |
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Address |
24 , NORLAND SQUARE , LONDON , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
30/11/1962 |
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Resignation Date |
31/01/2008 |
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DIRECTOR |
CHRISTOPHER JOHN CLARK |
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Occupation |
INVESTMENT ANALYST |
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Address |
WINDRUSH , HALL ROAD , ROCHFORD , ESSEX
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
16/05/1942 |
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Resignation Date |
31/12/2007 |
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DIRECTOR |
MR DAVID ANDREW WILKIE |
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Occupation |
DIRECTOR |
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Address |
HEATHFIELD HOUSE , LONDON ROAD , WINDLESHAM
, SURREY , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
08/03/1954 |
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Resignation Date |
31/12/2007 |
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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|
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B N Y Norwich Union Nominees Ltd |
ORD |
1,800,000 |
180,000.00 |
2.00 |
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|
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Chase (Ga Group) Nominees Ltd |
ORD |
4,873,600 |
487,360.00 |
6.00 |
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Chase Nominees Ltd |
ORD |
3,450,840 |
345,084.00 |
4.00 |
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Harewood Nominees Ltd |
ORD |
2,019,772 |
201,977.20 |
2.00 |
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H S B C Global Custody Nominee (U K) |
ORD |
2,361,198 |
236,119.80 |
3.00 |
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Mr Frederick Francis Whitcomb |
ORD |
11,806,929 |
1,180,692.90 |
14.00 |
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Mrs Stephen John Quinn |
ORD |
11,806,929 |
1,180,692.90 |
14.00 |
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Nortrust Nominees Ltd |
ORD |
3,682,555 |
368,255.50 |
4.00 |
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Rock (Nominees) Ltd |
ORD |
2,790,642 |
279,064.20 |
3.00 |
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Vidacos Nominees Ltd |
ORD |
6,458,533 |
645,853.30 |
8.00 |
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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 |
15/04/2004 |
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Date Registered |
06/05/2004 |
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Type |
395 |
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Date Created |
15/04/2004 |
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Lender |
BARCLAYS BANK PLC |
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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 |
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 |
11/01/2002 |
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Type |
395 |
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Date Created |
09/01/2002 |
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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 |
|
Details |
FH 104 BANCROFT HITCHIN HERTFORDSHIRE SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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|
Date Registered |
11/01/2002 |
|
Type |
395 |
|
Date Created |
09/01/2002 |
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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 |
|
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 |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Manufacturers of pharmaceutical products |
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Sic Code |
Description |
|
2441 |
Manufacture of basic pharmaceutical products |
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Staff Employed |
184 |
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Auditors |
RSM Robson Rhodes LLP |
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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. |
|
Bankers |
Barclays Bank PLC |
|
Sort Codes |
204112 |
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 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
000 |
000 |
000 |
000 |
|
Consolidated? |
Yes |
Yes |
Yes |
No |
|
SALES |
36,515 |
32,510 |
19,771 |
14,380 |
|
Export Sales |
8,071 |
7,172 |
3,534 |
3,078 |
|
Cost of goods sold |
21,043 |
19,024 |
12,092 |
10,585 |
|
GROSS PROFIT |
15,472 |
13,486 |
7,679 |
3,795 |
|
Other Expenses |
8,007 |
6,632 |
4,613 |
2,654 |
|
General administration costs (-) |
5,220 |
4,969 |
3,065 |
1,379 |
|
Wages and Salaries |
6,898 |
5,919 |
4,756 |
4,498 |
|
Depreciation |
2,656 |
2,408 |
1,255 |
840 |
|
Net Operating Profit(Loss) |
2,245 |
1,965 |
1 |
-238 |
|
Non Trading Income |
1 |
13 |
42 |
59 |
|
Total Non Trading Income |
1 |
13 |
42 |
5,085 |
|
Interest expenses & similar (-) |
454 |
452 |
156 |
156 |
|
Financial Expenses |
454 |
452 |
254 |
2,173 |
|
PRE TAX PROFIT |
1,792 |
1,526 |
-211 |
2,674 |
|
Other Taxation |
-359 |
546 |
-153 |
-279 |
|
Taxation |
874 |
234 |
100 |
0 |
|
PROFIT AFTER TAX |
1,277 |
746 |
-158 |
2,953 |
|
Net Profit |
1,277 |
748 |
- |
2,953 |
|
Dividends Payable |
1,349 |
1,265 |
536 |
496 |
|
RETAINED PROFITS |
-72 |
-517 |
- |
2,457 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
000 |
000 |
000 |
000 |
|
Consolidated? |
Yes |
Yes |
Yes |
No |
|
TOTAL FIXED ASSETS |
34,608 |
35,813 |
17,954 |
9,016 |
|
Plant, machinery & equipment |
6,026 |
6,263 |
6,251 |
2,161 |
|
Intangible Assets |
28,582 |
29,548 |
11,703 |
5,887 |
|
TOTAL CURRENT ASSETS |
15,748 |
16,806 |
6,564 |
11,152 |
|
Stocks |
6,975 |
6,970 |
3,368 |
3,161 |
|
Trade Debtors |
7,206 |
7,165 |
2,707 |
2,529 |
|
Other Receivables |
92 |
156 |
12 |
157 |
|
Prepaid expenses |
371 |
295 |
248 |
118 |
|
Cash |
1,104 |
2,220 |
229 |
5,187 |
|
TOTAL ASSETS |
50,356 |
52,619 |
24,518 |
20,168 |
|
TOTAL CURRENT LIABILITIES |
8,872 |
9,521 |
5,293 |
3,718 |
|
Trade Creditors |
4,608 |
3,867 |
2,574 |
2,295 |
|
Bank Overdraft |
1,539 |
3,656 |
1,295 |
- |
|
Taxes |
1,921 |
982 |
226 |
74 |
|
Hire Purchase |
56 |
52 |
29 |
- |
|
Accruals & deferred income |
748 |
809 |
698 |
907 |
|
WORKING CAPITAL |
6,876 |
7,285 |
1,271 |
7,434 |
|
TOTAL LONG TERM LIABS |
4,395 |
5,942 |
1,732 |
1,939 |
|
Taxation |
281 |
659 |
132 |
287 |
|
Mortgages and loans |
4,046 |
5,176 |
1,488 |
- |
|
Total Hire Purchase / Leasing |
68 |
107 |
26 |
- |
|
NET ASSETS/(LIABILITIES) |
41,484 |
43,098 |
19,225 |
16,450 |
|
SHARE CAPITAL + RESERVES |
37,089 |
37,156 |
17,493 |
14,511 |
|
Issued Share Capital |
8,433 |
8,433 |
3,572 |
2,692 |
|
Share Premium Accounts |
21,978 |
21,978 |
7,018 |
4,222 |
|
Profit and Loss account |
6,678 |
6,745 |
6,903 |
7,597 |
|
SHAREHOLDERS FUNDS |
37,089 |
37,156 |
17,493 |
14,511 |
|
CAPITAL EMPLOYED |
41,484 |
43,098 |
19,225 |
16,450 |
|
TANGIBLE NET WORTH |
8,507 |
7,608 |
5,790 |
8,624 |
Key
Credit Ratios
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Current Ratio |
1.78 |
1.77 |
1.24 |
3.00 |
|
Profit Before Tax |
0.05 |
0.05 |
-0.01 |
0.19 |
|
Creditors Days (D.P.O) |
79.93 |
74.19 |
77.70 |
79.14 |
|
Quick Ratio |
0.99 |
1.03 |
0.60 |
2.15 |
|
Return on Assets |
8.23 |
6.61 |
-1.65 |
18.72 |
|
T.N.W/Total Assets |
0.17 |
0.14 |
0.24 |
0.43 |
|
Return on Capital |
4.32 |
3.54 |
-1.10 |
16.26 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.01 |
|
Equity Gearing |
0.30 |
0.12 |
0.27 |
0.04 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
155.95 |
203.25 |
121.33 |
65.60 |
|
|
Financial Summary
|
Turnover |
Turnover increased by more than 12% in the period.
Turnover totalled GBP 36,515,000 for the period. |
|
Operating Profit |
Totalled GBP 2,245,000 In the period prior a profit
of GBP 1,965,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 1,792,000 compared
with a profit of GBP 1,526,000 in the previous period. |
|
Working Capital |
The company's working capital decreased in the period by
6% |
|
Tangible Net Worth |
Net worth increased by 899,000 during the period and now
stands at GBP 8,507,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
237,000 to GBP 6,026,000 and are now 12% of total assets compared
with 12% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 26% and are now 52% of net worth compared with 78% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 9% of total assets compared
with 11% in the previous period |
Previous
Searches on this Company
|
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||
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
2 |
6 |
15 |
|
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||
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%)