MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALBION CHEMICALS LIMITED |
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Formerly Known as : |
ALBION CHEMICALS 100 LIMITED |
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Registered Office : |
Albion House,
Rawdon Park Green Lane,
Yeadon Leeds, West
Yorkshire Ls19 7XX |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
18.10.2004 |
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Legal Form : |
Private Limited With Share
Capital |
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Line of Business : |
Manufacture of Other Chemical Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
[£] 5,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name of the company
ALBION CHEMICALS LIMITED
Number 05262170
company summary
Address ALBION
HOUSE,
RAWDON PARK GREEN LANE,
YEADON LEEDS,
WEST YORKSHIRE LS19 7XX
Postcode LS19
7XX
Phone 01133879200
Type Private
limited with Share Capital
Company Status Active - Accounts Filed
Incorporated Date 18/10/2004
Very Good Credit Worthiness
Todays Limit [£] 5,000,000
Active CCJ's 0
Value of CCJ's [£] £0
Number Of Writs 0
Current Directors 9
Total Directorships 136
Trading to Date 31/12/07 31/12/06 31/12/05
Turnover £171,726,000 £158,544,000 £130,978,000
Shareholder Funds £93,692,000 £96,951,000 £90,772,000
Employees 652 620 534
Trends
Profitability
Liquidity
Shareholders Funds
company information
Registered Address
Telephone Number 01133879200
TPS N
Address Rawdon
House
Green Lane
Yeadon
Leeds
LS19 7XX
Trading Address
Telephone Number 0113
3879200
TPS
Address ALBION
HOUSE
RAWDON PARK GREEN LANE
YEADON LEEDS
WEST YORKSHIRE LS19 7XX
Web Address albionchemicals.co.uk Incorporation Date 18/10/2004
Type of
Accounts Full
Accounts Filing
Date of Accounts 13/08/2008
Company Type Private
Limited With Share Capital Date of
Latest Accounts 31/12/2007
Annual Return 18/10/2007
Previous Name(s)
Changed: 14/12/2004 Albion Chemicals 100 Limited
Industry:
Distribution
Of Bulk, Packaged And Speciality Chemicals.
SIC Code Description
2466 Manufacture Of Other Chemical Products
Mortgage Charges
Outstanding 4 Satisfied 2
Shareholders
Share
Capital 88801654 Currency Gbp
Previous Names Details
Previous Name(s)
Changed : 14/12/2004 Albion Chemicals 100 Limited
Secondary Industry Code Details
SIC Code Description
2466 Manufacture Of Other Chemical Products
1592 Production Of Ethyl Alcohol From Fermented
Materials
6024 Freight Transport By Road
Mortgage Details
Mortgage
Type: mortgage
Date
Charge Created: 13/11/2006 Date Charge Registered: 16/11/2006
Date
Charge Satisfied: Status: Outstanding
Person(s) Entitled: DEUTSCHE BANK AG LONDON BRANCH (AS SECURITY
TRUSTEE FOR THE SECURED
PARTIES)
Amount
Secured: all monies due or
to become due from the company to the chargee or any of the ot her secured parties on any account whats
oever under the terms of the aforementioned instrument creating or evidencing
the charge
Details: l/h humber terminal grove wharf gunness
scunthorpe t/no hs321298
Mortgage
Type: mortgage
Date
Charge Created: 20/09/2006 Date Charge Registered: 02/10/2006
Date
Charge Satisfied: Status: Outstanding
Person(s)
Entitled: DEUTSCHE BANK
AG,LONDON BRANCH
Amount
Secured: all monies due or to
become due from the company to the chargee or any of the ot her secured parties
on any account whats oever under the terms of the aforementioned instrument
creating or evidencing the charge
Details: lands and premises at 8 seal road belfas t
Mortgage
Type: mortgage
Date
Charge Created: 20/09/2006 Date Charge Registered: 02/10/2006
Date
Charge Satisfied: Status: Outstanding
Person(s)
Entitled: DEUTSCHE BANK
AG,LONDON BRANCH
Amount
Secured: all monies due or
to become due from the company to the chargee or any of the ot her secured
parties on any account whats oever under the terms of the aforementioned
instrument creating or evidencing the charge
Details: plot 7,hale road industrial estate widne s t/no
ch312197 and lan on the north eas t side of 55 mill lane heather t/no lt38 2646
Mortgage
Type:
Date
Charge Created: 20/09/2006 Date Charge Registered: 02/10/2006
Date
Charge Satisfied: Status: Property
Ceasing To Belong
Person(s)
Entitled: DEUTSCHES BANK
AG,LONDON BRANCH
Amount
Secured:
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 machinerysee the
mortgage charge document for full details
Mortgage
Type: deed of accession
to composite guaranteeand debenture dated 28 july 2001
Date
Charge Created: 10/12/2004 Date Charge Registered: 17/12/2004
Date
Charge Satisfied: 03/07/2006 Status: Satisfied
Person(s)
Entitled: HAYS HOLDINGS
LIMITED
Amount
Secured: all monies due or
to become due from the company to the subordinated lender under the terms of
the aforementioned instrument creating or evidencing the charge
Details: by way of second legal mortgage all f/h and
l/h property (if any), together with all buildings and fixtures (including t
rade fixtures) at any time thereon; proc eeds of sale, plant, machinery,
computer s, vehicles, office and other equipment, contracts, licences and warranties,
all investments, insurances, collections ac counts, intellectual property, all
licen ces, consents, agreements and authorisat ions, goodwill and uncalled
capital, cha rged shares, assignment, and floating ch arge;
Mortgage
Type: supplemental debenture
to a composite guarantee and debenture dated 28 july 2001
Date
Charge Created: 10/12/2004 Date Charge Registered: 21/12/2004
Date
Charge Satisfied: 03/07/2006 Status: Satisfied
Person(s)
Entitled: THE GOVERNOR AND
COMPANY OF THE BANK OF SCOTLAND (AS SECURITY TRUSTEE FOR THE SECURITY
Amount
Secured: all monies due or
to become due from any group member to the security beneficiar ies under the
terms of the aforementioned instrument creating or evidencing the charge
Details: fixed and floating charges over the unde
rtaking and all property and assets pres ent and future including goodwill
uncall ed capital buildings fixtures plant and machinery
Shareholders Details
Name Shares
Woodland 2 Limited 88,801,654
Ordinary Gbp 1.00
Trading Address Details
Address RAWDON
HOUSE GREEN LA YEADON LEEDS WEST YORKSHIRE LS19 7XX
Rawdon
House Green Lane Yeadon Leeds LS19 7XX
Telephone Number 01133879200
TCPS Y
accounts
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Credit
Limit Explanation
The Recommended Credit Limit is calculated using a
formula that analyses information from a company's financial accounts and
payment record.
The advised amount can be defined as the maximum amount
that could be advanced in any one calendar month, assuming standard payment
terms of 30 days beyond the month of invoice. Therefore the same maximum amount
could be advanced in the next calendar month.
Date Description
24/07/2008 Very
Good Credit Worthiness
13/03/2007 Very
Good Credit Worthiness
05/12/2006 Very
Good Credit Worthiness
05/04/2006 Very
Good Credit Worthiness
18/05/2005 Caution
- Credit at your discretion
group structure
Ultimate
Parent Company BRENNTAG
INVESTMENT SAS
Companies
in Group 15
Company
Name Registered Number Latest Annual Accounts
BRENNTAG
INVESTMENT SAS FRANCE N/A
BRENNTAG UK
HOLDING LIMITED 05777067 31/12/2007
ALBION GROUP
LIMITED 04253894 31/12/2007
WOODLAND 3 LIMITED 04253914 31/12/2007
ALBION CHEMICAL
HOLDINGS LIMITED 04253887 31/12/2007
ALBION INORGANIC
CHEMICALS LIMITED 00915516 31/12/2007
MURGATROYD'S SALT
& CHEMICAL COMPANY LIMITED 00435592 31/12/2007
WATER TREATMENT
SOLUTIONS LTD. 02301248 31/12/2007
WOODLAND 2 LIMITED 04253903 31/12/2007
ALBION CHEMICALS
LIMITED<<< 05262170 31/12/2007
ALBION CHEMICAL
DISTRIBUTION (IRELAND) LIMITED IE050510 31/12/2006
ALBION COLOURS
LIMITED 04227005 31/12/2007
ALBION
DISTILLATION SERVICES LIMITED 05262176 31/12/2007
ALBION INORGANIC
CHEMICALS (THETFORD) LIMITED 04237290 31/12/2007
WOODLAND 1 LIMITED 05278002 31/12/2007
Status History
Date Description
No Status History
Event History
Date Description
27/08/2008 New Accounts Filed
22/08/2008 New Accounts Filed
30/11/2007 Annual Returns
09/10/2007 New Board Member (clare Waters)
Appointed
09/10/2007 New Board Member (david O'connell)
Appointed
16/08/2007 Mark Day Has Resigned As Company
Secretary
16/08/2007 Mark Day Has Left The Board
16/08/2007 New Company Secretary (martin Gratton)
Appointed
16/08/2007 New Board Member (martin Gratton)
Appointed
06/08/2007 New Accounts Filed
08/08/2006 Peter Jamessavage Has Left The Board
08/08/2006 Nigel Mauricebatchelor Has Left The
Board
08/08/2006 William Juliancortazzi Has Left The
Board
08/08/2006 New Board Member (marc Achiel
Valeerpattyn) Appointed
08/08/2006 New Board Member (arie Harryvan
Baarlen) Appointed
directors
Name Clare Marie Waters
Address 6 West End Rise
Horsforth
Leeds
West Yorkshire
LS18 5JH
Officers
Title Ms Date Of
Birth 02/10/1965
Honours Present
Appointments 13
Appointment
Date 01/09/2007 Function Director
Name David Michael O'Connell
Address 4 Trevone Close
Knutsford
Cheshire
WA16 9EJ
Officers
Title Mr Date Of
Birth 19/10/1963
Honours Present
Appointments 13
Appointment
Date 01/09/2007 Function Director
Name Arie Harry Van
Baarlen
Address Wilhelminahoeve 16
Krimpen Aan Den Ussel
2924 Be
Netherlands
Officers
Title Mr Date Of
Birth 10/08/1946
Honours Present
Appointments 19
Appointment
Date 23/06/2006 Function Director
Name Marc Achiel
Valeer Pattyn
Address Driepikkelstraaty
12
Ledegem
8880
Belgium
Officers
Title Mr Date Of
Birth 26/10/1944
Honours Present
Appointments 19
Appointment
Date 23/06/2006 Function Director
Name Carl Marcel Blomme
Address Aardbezienstraat 2
Heule
8501
Belguim
Officers
Title Mr Date Of
Birth 28/07/1958
Honours Present
Appointments 19
Appointment
Date 23/06/2006 Function Director
Name Stephen Edward Holland
Address 20 Dorchester Road
Fixby
Huddersfield
West Yorkshire
HD2 2JZ
Officers
Title Mr Date Of
Birth 25/05/1957
Honours Present
Appointments 2
Appointment
Date 18/10/2004 Function Director
Name Martin Gratton
Address 5 Tudor Lawns
Leeds
LS8 2JR
Officers
Title Mr Date Of
Birth 08/06/1969
Honours Present
Appointments 30
Appointment
Date 27/07/2007 Function Company Secretary
Name Martin Gratton
Address 5 Tudor Lawns
Leeds
LS8 2JR
Officers
Title Mr Date Of
Birth 08/06/1969
Honours Present
Appointments 30
Appointment
Date 27/07/2007 Function Director
Name Steven Edward Holland
Address Kilvington Hall
North Kilvington
Thirsk
North Yorkshire
YO7 2NS
Officers
Title Mr Date Of
Birth 25/05/1957
Honours Present
Appointments 21
Appointment
Date 18/10/2004 Function Director
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.74 |
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%)