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MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE PHONE COMPANY (G.B.) LIMITED |
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Registered Office : |
10 Dashwood Avenue, High Wycombe, Buckinghamshire HP12 3DN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
03.05.2001 |
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Com. Reg. No.: |
04210917 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Business Services |
RATING &
COMMENTS
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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 : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
THE PHONE COMPANY (G.B.) LIMITED |
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Trading Address |
194 DESBOROUGH RD,HIGH WYCOMBE,HP11 2QA |
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This company has an average risk status and should be
treated with a degree of caution |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
04210917 |
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Date of Incorporation |
03/05/2001 |
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Registered Office |
10 Dashwood Avenue, High Wycombe, Buckinghamshire HP12 3DN |
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Date of Last Annual Return to
Registry |
03/05/2008 |
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Activities |
Business Services |
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Accounts |
The last filed accounts cover the period to 31/05/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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03/05/2008 |
Annual Return |
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31/05/2007 |
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 |
MANAGING DIRECTOR |
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Address |
39, KENAVON DRIVE , READING , RG1 3DH |
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Country of Origin |
BRITISH |
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Date of Birth |
16/02/1971 |
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Appointment Date |
03/05/2001 |
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Other Appointments |
THE PHONE COMPANY (G.B.) LIMITED |
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SECRETARY |
MR KHALID MOHAMMOOD |
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Address |
KORANGI NEWLANDS DRIVE, , MAIDENHEAD , SL6
4LL |
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Country of Origin |
BRITISH |
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Date of Birth |
14/06/1960 |
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Appointment Date |
14/11/2007 |
Recently Resigned Directors (last
3)
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DIRECTOR |
KHALID MOHAMMOOD |
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Occupation |
ACCOUNTANT |
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Address |
KORANGI , NEWLANDS DRIVE , MAIDENHEAD
, BERKS , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
14/06/1960 |
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Resignation Date |
25/05/2006 |
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 Abdul Malik |
ORD |
100 |
100.00 |
100.00 |
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Mortgages and Charges
There are no mortgages
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Business Services |
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Sic Code |
Description |
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7484 |
Other business activities not elsewhere classified |
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Staff Employed |
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Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
2,486 |
52,924 |
365 |
430 |
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Total Fixed Assets |
2,486 |
2,924 |
365 |
430 |
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TOTAL CURRENT ASSETS |
7,255 |
20,646 |
4,263 |
6,522 |
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Stocks |
500 |
4,000 |
2,100 |
2,000 |
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Trade Debtors |
969 |
16,551 |
1,093 |
1,005 |
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Cash |
5,786 |
95 |
1,070 |
3,517 |
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TOTAL ASSETS |
9,741 |
73,570 |
4,628 |
6,952 |
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TOTAL CURRENT LIABILITIES |
24,396 |
86,103 |
20,770 |
7,154 |
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Other Current Liabilities |
24,396 |
86,103 |
20,770 |
7,154 |
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WORKING CAPITAL |
-17,141 |
-65,457 |
-16,507 |
-632 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
-14,655 |
-12,533 |
-16,142 |
-202 |
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SHARE CAPITAL + RESERVES |
-14,655 |
-12,533 |
-16,142 |
-202 |
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Issued Share Capital |
100 |
100 |
100 |
100 |
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Profit and Loss account |
-14,755 |
-12,633 |
-16,242 |
-302 |
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SHAREHOLDERS FUNDS |
-14,655 |
-12,533 |
-16,142 |
-202 |
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CAPITAL EMPLOYED |
-14,655 |
-12,533 |
-16,142 |
-202 |
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TANGIBLE NET WORTH |
-14,655 |
-12,533 |
-16,142 |
-202 |
Key Credit Ratios
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Accounts Date |
31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Current Ratio |
0.30 |
0.24 |
0.21 |
0.91 |
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Quick Ratio |
0.28 |
0.19 |
0.10 |
0.63 |
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T.N.W/Total Assets |
-1.50 |
-0.17 |
-3.49 |
-0.03 |
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Solvency (%) |
-166.47 |
-687.01 |
-128.67 |
-3541.58 |
Financial Summary
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Working
Capital |
The company's working capital deficiency decreased in the
period and now stands at GBP 17,141,units |
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Tangible
Net Worth |
Net worth reduced by 2,122 during the period and now
stands at GBP -14,655,units |
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Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
438 to GBP 2,486,units and are now 26% of total assets compared
with 4% in the previous period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in the previous period |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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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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%)