Identification Details
|
Subject Reported on
|
DEREK RAPHAEL & COMPANY LIMITED
|
|
Registration Number
|
01153094
|
|
VAT Number
|
GB657318810
|
|
Address
|
8-10 CASTLE STREET, CIRENCESTER,
GLOUCESTERSHIRE, GL7 1QA.
|
|
Telephone
|
01285 885 821
|
|
Facsimile
|
020 7504 8483
|
|
Email
|
sales@derek-raphael.co.uk
|
|
Web Address
|
www.derek-raphael.co.uk
|
Creditline Recommendations
|
Monthly Credit
Guide
|
GBP 1,000,000
|
|
Legal Form
|
Private Limited
|
|
Registration Number
|
01153094
|
|
VAT Number
|
GB657318810
|
|
Subject Status
|
Trading
|
|
Date of
Incorporation
|
21/12/1973
|
|
Registered
Office
|
118 BAKER
STREET, LONDON, W1U 6TT.
|
|
History
|
25/09/2006
: The Registered Office address changed from 2ND FLOOR, 6 YORK STREET, LONDON,
W1U 6PL.
|
|
|
11/05/2001
: The Registered Office address changed from WATSON HOUSE, 54 BAKER STREET, LONDON, W1M 1.
|
|
|
6/11/1996
: The Registered Office address changed from 17/18 SPRING STREET, LONDON, W2
3RA.
|
|
Date of Last Annual Return to Registry
|
16/05/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2009
|
|
Accounting Reference Date
|
31/12
|
|
Activities
|
Traders in ferro alloys, metals, ores and minerals.
|
|
Nace Code
|
5152
|
|
Premises
|
Leased,Offices
|
|
Staff Employed
|
2
|
|
Trading Divisions
|
STEEL DIVISION
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
No Export Activity
|
|
Bankers
|
NATWEST OFFSHORE LTD
|
|
Address
|
BROAD ST HELIER, JERSEY.
|
|
Sort Code
|
609221
|
|
Auditors
|
Ward Goodman
|
|
Branches
|
STEEL
DIVISION AT:, CLAY STREET,
SHEFFIELD, SOUTH YORKS.
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish
Decrees are recorded in our file.
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
33
|
|
Number Outstanding
|
7
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
26
|
|
|
|
|
Date of Latest Mortgage Created
|
13/01/2009
|
|
Date of Latest Satisfaction
|
19/01/2002
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
11/02/2009
|
13/01/2009
|
Deed Of Assignment Executed Outside The United Kingdom Over
Property....
|
395
|
Ing Belgium, Brussels, Geneva
Branch
|
|
|
11/02/2009
|
13/01/2009
|
Deed Of Pledge Executed Outside The United Kingdom Over
Property....
|
395
|
Ing Belgium
|
|
|
12/07/2008
|
11/07/2008
|
Mortgage Debenture
|
395
|
Dbs Bank Limited
|
|
|
26/06/2008
|
11/06/2008
|
General Charge Of Receivables And Contract Rights
|
395
|
Dbs Bank Limited
|
|
|
18/06/2008
|
04/06/2008
|
Deed Of General Pledge, Hypothecation And Charge
|
395
|
Ing Bank N.V.
|
|
|
16/08/2001
|
01/08/2001
|
Mortgage Debenture
|
395
|
Singer & Friedlander Limited
|
|
19/01/2002
|
21/08/2000
|
07/08/2000
|
Deed Of Assignment Of Receivables And Account Charge
|
395
|
Fortis Bank Sa/Nv
|
|
19/01/2002
|
11/04/1997
|
08/04/1997
|
Deed Of Pledging Receivables
|
395
|
Deutsche Bank De Bary N.V.
|
|
19/01/2002
|
11/04/1997
|
08/04/1997
|
Deed Of Pledging Stocks
|
395
|
Deutsche Bank De Bary N.V.
|
|
|
04/12/1996
|
27/11/1996
|
General Charge Of Receivables And Contract Rights
|
395
|
Singer & Friedlander Limited
|
Other Filings and Notices
|
20/03/2010
|
Companies House Gazette
|
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by
|
|
22/10/2009
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
17/10/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
12/07/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
28/06/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
11/05/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
31/08/2000
|
Companies House Gazette
|
Change among directors of a company
|
|
28/05/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
27/06/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
04/03/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
12/08/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
20/04/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
07/01/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
15/11/1994
|
Companies House Gazette
|
Change among directors of a company
|
|
03/07/1992
|
Companies House Gazette
|
Change among directors of a company
|
|
23/11/1991
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
28/10/1988
|
Companies House Gazette
|
Documents delivered by a company under section 241 (annual accounts)
|
|
25/02/1988
|
Companies House Gazette
|
Change in the situation of a company's registered office
|
|
17/02/1988
|
Companies House Gazette
|
Change among directors of a company
|
|
16/07/1987
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
CHERRYLL SANDRA WOOD
|
|
Service Address
|
SPEARHILL, BILLINGSHURST
ROAD, ASHINGTON, WEST
SUSSEX, RH20 3BA.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
24/07/1946
|
|
Appointment Date
|
30/09/2001
|
|
Other Directorships
|
DRC PROPERTIES LIMITED
|
Directors
|
Director
|
MR DEREK NEALE RAPHAEL
|
|
Service Address
|
99 CLIFTON HILL, LONDON, NW8 0JR.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
03/09/1938
|
|
Appointment Date
|
16/05/1991
|
|
Other Directorships
|
DEREK RAPHAEL (HOLDINGS) LIMITED, DRC ENERGY LIMITED, DRC
PROPERTIES LIMITED, 1997 EUROPEAN PROPERTY INVESTMENTS LIMITED
|
|
Director
|
MR ANDREW DAVID RAPHAEL
|
|
Service Address
|
7 MEADOWSIDE, COLN ST
ALDWYNS, CIRENCESTER, GLOUCESTERSHIRE,
GL7 5AL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
15/04/1969
|
|
Appointment Date
|
13/06/2001
|
|
Other Directorships
|
GREEN PARK
EMISSIONS REDUCTIONS LLP, GREEN PARK CLIMATE CHANGE LLP, LIBRA
ENVIRONMENTAL LLP, RAPHAEL UNDERWRITING LLP, DEREK RAPHAEL
(HOLDINGS) LIMITED, DRC ENERGY LIMITED, DRC PROPERTIES
LIMITED, RAPHBROS LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,000,000
|
|
Principal Shareholder
|
999,999 Derek Raphael (Holdings) Ltd
|
|
|
1 Derek Neale Raphael
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
DEREK RAPHAEL (HOLDINGS) LIMITED
|
|
Ultimate Parent
|
DEREK RAPHAEL (HOLDINGS) LIMITED
|
Financial Data– Statutory Accounts
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
SALES
|
309789
|
768357
|
818596
|
570516
|
|
UK sales
|
12158
|
57874
|
115191
|
36306
|
|
Export
|
297631
|
710483
|
703405
|
534210
|
|
Cost of goods sold
|
284305
|
754730
|
794579
|
548602
|
|
GROSS PROFIT
|
25484
|
13627
|
24017
|
21914
|
|
Wages and Salaries
|
61
|
41
|
25
|
|
|
Auditors Fees
|
19
|
18
|
23
|
20
|
|
Trading Profit
|
23102
|
8564
|
18396
|
16975
|
|
OPERATING PROFIT
|
23102
|
8564
|
18396
|
16975
|
|
Non Trading Income
|
5
|
(582)
|
110
|
52
|
|
Interest Payable
|
362
|
2930
|
4900
|
2963
|
|
PRE TAX PROFIT
|
22745
|
5052
|
13606
|
14064
|
|
Taxation
|
6699
|
1421
|
4450
|
4123
|
|
PROFIT AFTER TAX
|
16046
|
3631
|
9156
|
9941
|
|
Dividends Payable
|
18907
|
|
5000
|
5000
|
|
RETAINED PROFITS
|
(2861)
|
3631
|
4156
|
4941
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
TOTAL FIXED ASSETS
|
40
|
621
|
1244
|
513
|
|
Tangible Assets
|
40
|
621
|
1244
|
513
|
|
Fixed Assets
|
|
|
|
2
|
|
Intermediate assets
|
40
|
621
|
1244
|
511
|
|
TOTAL CURRENT ASSETS
|
84180
|
75721
|
138969
|
93585
|
|
Trade debtors
|
26626
|
27328
|
65404
|
51283
|
|
Stocks
|
53013
|
46048
|
70819
|
36702
|
|
Other Current Assets
|
4541
|
2345
|
2746
|
5600
|
|
Misc Current Assets
|
1525
|
423
|
2465
|
3626
|
|
Due From Group
|
|
59
|
281
|
232
|
|
Cash
|
3016
|
1863
|
|
1742
|
|
TOTAL ASSETS
|
84220
|
76342
|
140213
|
94098
|
|
TOTAL CURRENT LIABILITIES
|
48137
|
36814
|
103641
|
61959
|
|
Trade creditors
|
3728
|
6847
|
10976
|
2216
|
|
Short Term Loans
|
37282
|
25903
|
86048
|
53505
|
|
Bank Overdraft
|
28350
|
9231
|
69743
|
43641
|
|
Due To Group
|
8932
|
16672
|
16305
|
9864
|
|
Other Liabilities
|
7127
|
4064
|
6617
|
6238
|
|
WORKING CAPITAL
|
36043
|
38907
|
35328
|
31626
|
|
NET ASSETS/(LIABILITIES)
|
36083
|
39528
|
36572
|
32139
|
|
SHARE CAPITAL + RESERVES
|
36083
|
39528
|
36572
|
32139
|
|
Share Cap + Sundry Res
|
1975
|
1975
|
1975
|
1975
|
|
Issued Share Capital
|
1958
|
1958
|
1958
|
1958
|
|
Sundry Reserves
|
17
|
17
|
17
|
17
|
|
Profit and Loss account
|
34108
|
37553
|
34597
|
30164
|
|
SHAREHOLDERS FUNDS
|
36083
|
39528
|
36572
|
32139
|
|
CAPITAL EMPLOYED
|
36083
|
39528
|
36572
|
32139
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
Directors Remuneration
|
|
|
|
|
|
Auditors Remuneration
|
19
|
18
|
23
|
20
|
|
Liquid Assets
|
29642
|
29191
|
65404
|
53025
|
|
Net Working Capital
|
36043
|
38907
|
35328
|
31626
|
|
Investments/Long Term Ass.
|
1
|
1
|
1
|
|
|
Other Deferred Liabs
|
|
|
|
|
|
Tangible Net Worth(T.N.W)
|
36083
|
39528
|
36572
|
32139
|
|
Equity
|
36083
|
39528
|
36572
|
32139
|
|
Number of Years Trading
|
36
|
35
|
34
|
33
|
|
Number of Employees
|
2
|
1
|
1
|
|
|
Profit per Employee
|
11372500
|
5052000
|
13606000
|
|
|
Sales per Employee
|
154894500
|
768357000
|
818596000
|
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Current Ratio
|
1.7
|
2.1
|
1.3
|
1.5
|
|
Pre Tax Profit Margin%
|
7.3
|
0.7
|
1.7
|
2.5
|
|
Gross Profit%
|
8.2
|
1.8
|
2.9
|
3.8
|
|
Debtors Days (D.S.O)
|
31
|
13
|
29
|
33
|
|
Creditors Days (D.P.O)
|
4
|
3
|
5
|
1
|
|
Quick Ratio
|
0.6
|
0.8
|
0.7
|
0.9
|
|
W.I.P/Inventory Days
|
68.1
|
22.3
|
32.5
|
24.4
|
|
Return on Investment%
|
31.5
|
12.2
|
15.1
|
19.9
|
|
Return on Assets%
|
27
|
6.6
|
9.7
|
14.9
|
|
T.N.W/Total Assets%
|
42.8
|
51.8
|
26.1
|
34.2
|
|
Return on Capital%
|
63
|
12.8
|
37.2
|
43.8
|
|
Rtn on Shareholders Funds%
|
63
|
12.8
|
37.2
|
43.8
|
|
Working Capital/Sales%
|
11.6
|
5.1
|
4.3
|
5.5
|
|
Borrowing Ratio%
|
103.3
|
65.5
|
235.3
|
166.5
|
|
Equity Gearing%
|
75
|
107.4
|
35.3
|
51.9
|
|
Stock Turnover
|
5.8
|
16.7
|
11.6
|
15.5
|
|
Days Purchases Outstanding
|
4.8
|
3.3
|
5
|
1.5
|
|
Sales/Fixed Assets
|
|
|
|
285258
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
231
|
4912
|
6654
|
6751
|
|
Pre-Tax Profit Margin
|
4.9
|
3
|
3.6
|
4.5
|
|
Current Ratio
|
1.7
|
1.6
|
1.5
|
1.5
|
|
Borrowing Ratio
|
80.9
|
95
|
103.2
|
109.2
|
|
Return on Capital
|
20.4
|
22.5
|
26.1
|
30.7
|
|
Creditors Days
|
52
|
54
|
55
|
73
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of non-agricultural intermediate
products, waste and scrap
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 31/12/2009.
|
|
Turnover
|
|
Turnover decreased by 60 % and reduced
by 458,568,000 to USD 309,789,000.
|
|
Operating Profit
|
|
Totalled USD 23,102,000. In the year
prior a Profit of USD 8,564,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 350 %
in the year.
|
|
Working Capital
|
|
The company's working capital remains
positive but reduced by 7 % in the period.
|
|
