Company Identification Details
|
Subject Reported on
|
IGNITION ENTERTAINMENT LIMITED
|
|
Registration Number
|
04293817
|
|
Address
|
168-172 BROOKER ROAD, WALTHAM ABBEY, ESSEX, EN9 1JH.
|
|
Telephone
|
01992 703 970
|
|
Facsimile
|
01992 703 971
|
|
Email
|
enquiries@ignitionent.com
|
|
Web Address
|
www.ignitionent.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 1,125,000
|
Payment Behaviour
|
( No Payment Analysis Data is Available )
|
|
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
04293817
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
26/09/2001
|
|
Registered Office
|
9400 GARSINGTON ROAD, OXFORD BUSINESS PARK, OXFORD, OX4 2HN.
|
|
History
|
5/04/2007 : The
Registered Office address changed from C/O TAYLORS BATTLE HOUSE, 1 EAST
BARNET ROAD,.
|
|
|
12/11/2005 : The
Registered Office address changed from C/O TAYLORS BAHLE HOUSE, 1 EAST
BARNET ROAD,.
|
|
|
26/03/2003 : The
Registered Office address changed from CHURCHILL HOUSE, 142-146 OLD STREET,
LONDON,.
|
|
|
13/06/2002 : The
Registered Office address changed from HANOVER HOUSE 22 CLARENDON ROAD, LEEDS,
WEST.
|
|
|
30/03/2002 : Change
of name from VALECOMBE LIMITED.
|
|
|
19/03/2002 : The
Registered Office address changed from CROWN HOUSE 64 WHITCHURCH ROAD,
CARDIFF, SOUT.
|
|
Date of Last
Annual Return to Registry
|
26/09/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/03/2010
|
|
Accounting Reference Date
|
31/03
|
Operations
|
Activities
|
A group engaged in the development, publishing, licensing and
distribution of entertainment software.
|
|
Nace Code
|
7221
|
|
Premises
|
Rented,Offices,Unit
|
|
Staff Employed
|
241
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
CANARY WHARF CANADA PLACE.
|
|
Sort Code
|
400244
|
|
Auditors
|
Taylors
|
|
Subsidiaries
|
IGNITION LONDON
LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
29/04/2011
|
1,125,000
|
|
29/01/2011
|
1,125,000
|
|
29/10/2010
|
299,000
|
|
29/07/2010
|
299,000
|
|
29/04/2010
|
308,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
2
|
4
|
4
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
21/04/2011
|
Other credit granting
|
|
21/04/2011
|
Other credit granting
|
|
16/11/2010
|
Other retail sale in specialised stores
|
|
12/11/2010
|
Miscellaneous
|
|
01/03/2010
|
Manufacture of computers and other information processing equipment
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
|
Amount Summary
|
9,056
|
|
Count Summary
|
3
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
13/02/2007
|
1,580
|
Judgment
|
7HG00406
|
27/04/2007
|
HARROGATE
|
|
14/11/2006
|
3,714
|
Judgment
|
6CI02704
|
21/05/2007
|
CHICHESTER
|
|
06/04/2006
|
3,762
|
Judgment
|
6XF80770
|
01/11/2006
|
NORTHAMPTON CCBC
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
5
|
|
Number Outstanding
|
2
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
3
|
|
|
|
|
Date of Latest Mortgage Created
|
23/07/2010
|
|
Date of Latest Satisfaction
|
17/12/2009
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
06/08/2010
|
23/07/2010
|
Floating Charge
|
MG01
|
Sbicap Trustee Company Limited (The First Security Trustee),
|
|
|
20/02/2010
|
18/02/2010
|
Floating Charge
|
MG01
|
Sbi Cap Trustee Company Limited
|
|
17/12/2009
|
28/11/2008
|
27/11/2008
|
Floating Charge
|
395
|
Standard Chartered Bank (Mauritius) Limited
|
|
28/02/2008
|
18/06/2002
|
14/06/2002
|
Debenture
|
395
|
Revelate Limited
|
|
28/02/2008
|
24/05/2002
|
23/05/2002
|
All Assets Debenture
|
395
|
Dcd Factors Plc
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
06/01/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
19/10/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
11/06/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
18/11/2009
|
Companies House Gazette
|
Copy of any resolution under section 570 or 571 (dis-application of
pre-emption rights)
|
|
18/11/2009
|
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
|
|
23/10/2009
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
12/04/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
21/11/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
24/03/2007
|
Companies House Gazette
|
Resolutions or agreements to which section 380 applies (relating to
shares rights or names)
|
|
24/03/2007
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
24/03/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
10/03/2007
|
Companies House Gazette
|
Special resolutions passed under section 95 disapplication of
pre-emption rights
|
|
10/03/2007
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
10/03/2007
|
Companies House Gazette
|
Resolutions or agreements to which section 380 applies (relating to
shares rights or names)
|
|
10/03/2007
|
Companies House Gazette
|
"Resolutions which give vary
|
|
22/02/2007
|
London Gazette
|
Presentation of petition for compulsory winding-up
|
|
11/06/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
07/05/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
12/04/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
10/05/2003
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
ALDWYCH SECRETARIES LIMITED
|
|
Service Address
|
ALDWYCH HOUSE, 81 ALDWYCH, LONDON, WC2B 4RP.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Appointment Date
|
12/03/2007
|
Directors
|
Director
|
MR HASSAN SAADI SADIQ
|
|
Service Address
|
168-172 BROOKER ROAD, WALTHAM ABBEY, ESSEX, EN9 1JH.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
21/12/1967
|
|
Appointment Date
|
12/05/2010
|
|
Other Directorships
|
IGNITION LONDON LIMITED, PHN PROPERTIES LIMITED, OPULENCE DEVELOPMENTS
LIMITED, HIME LIMITED
|
|
Director
|
TROHINTON SOLI SCREWVALA
|
|
Service Address
|
31-LANDMARK. 3RD FLOOR, M.L.DAHANUKAR MARG, MUMBAI, 400026.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
08/09/1956
|
|
Appointment Date
|
12/03/2007
|
|
Director
|
ROHINTON SOLI SCREWVALA
|
|
Service Address
|
31-LANDMARK 3RD FLOOR, M.L.DAHANUKAR, MUMBAI, 400026.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
08/09/1956
|
|
Appointment Date
|
12/03/2007
|
|
Other Directorships
|
IGNITION LONDON LIMITED
|
|
Director
|
AMIT BANKA
|
|
Service Address
|
5-B-504 ALIKA NAGAR, LOKHANDWALA KANDIVLI E, MUMBAI 400101.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
22/06/1975
|
|
Appointment Date
|
28/09/2009
|
|
Director
|
RAJEEV GOPAL WAGLE
|
|
Service Address
|
501 LITTLE STAR, 15TH ROAD RAMKRISHNA MISSION ROAD, MUMBAI 400054.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
16/11/1960
|
|
Appointment Date
|
28/09/2009
|
|
Director
|
JEFFREY SCOTT LUJAN
|
|
Service Address
|
11044 RESEARCH BLVD BUILDING B, STE 200, AUSTIN, TEXAS, TX78 759.
|
|
Country of Origin
|
USA
|
|
Date of Birth
|
30/04/1970
|
|
Appointment Date
|
29/09/2010
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
28,787,872
|
|
Principal Shareholder
|
25,787,872 IG Interactive Entertainment Ltd
|
|
|
3,000,000 Potters Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
IG INTERACTIVE ENTERTAINMENT LIMITED
|
|
Ultimate Parent
|
UTV SOFTWARE COMMUNICATIONS LTD, a company incorporated
in INDIA
|
Financial Data– Statutory Accounts
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
13
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
7582
|
8195
|
7442
|
1398
|
|
UK sales
|
741
|
207
|
1177
|
|
|
Export
|
6841
|
7988
|
6265
|
|
|
Cost of goods sold
|
5727
|
8598
|
4770
|
683
|
|
GROSS PROFIT
|
1855
|
(403)
|
2672
|
715
|
|
Wages and Salaries
|
4724
|
4228
|
2364
|
310
|
|
Directors Emoluments
|
547
|
488
|
298
|
25
|
|
Auditors Fees
|
30
|
30
|
33
|
6
|
|
Trading Profit
|
(1269)
|
(1310)
|
1513
|
14
|
|
Depreciation
|
788
|
417
|
179
|
21
|
|
OPERATING PROFIT
|
(2057)
|
(1727)
|
1334
|
(7)
|
|
Non Trading Income
|
83
|
90
|
260
|
(1864)
|
|
Interest Payable
|
129
|
14
|
13
|
24
|
|
PRE TAX PROFIT
|
(2103)
|
(1651)
|
1581
|
(1895)
|
|
Taxation
|
(948)
|
(2456)
|
(1895)
|
|
|
PROFIT AFTER TAX
|
(1155)
|
805
|
3476
|
(1895)
|
|
RETAINED PROFITS
|
(1155)
|
805
|
3476
|
(1895)
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
13
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
1295
|
6069
|
1680
|
210
|
|
Tangible Assets
|
1295
|
6069
|
1680
|
210
|
|
Fixed Assets
|
1295
|
1310
|
718
|
210
|
|
Intermediate assets
|
|
4759
|
962
|
|
|
TOTAL CURRENT ASSETS
|
53909
|
25790
|
12602
|
8285
|
|
Trade debtors
|
1281
|
3970
|
3944
|
329
|
|
Stocks
|
40099
|
19207
|
5695
|
926
|
|
Other Current Assets
|
12529
|
2613
|
2963
|
7030
|
|
Misc Current Assets
|
9425
|
2401
|
2144
|
166
|
|
Cash
|
3104
|
212
|
819
|
6864
|
|
TOTAL ASSETS
|
55204
|
31859
|
14282
|
8495
|
|
TOTAL CURRENT LIABILITIES
|
17602
|
13034
|
3652
|
3420
|
|
Trade creditors
|
1412
|
1836
|
387
|
911
|
|
Short Term Loans
|
13161
|
8722
|
535
|
562
|
|
Bank Overdraft
|
2
|
408
|
407
|
537
|
|
Other Finance
|
172
|
219
|
128
|
25
|
|
Due To Group
|
12987
|
8095
|
|
|
|
Other Liabilities
|
3029
|
2476
|
2730
|
1947
|
|
WORKING CAPITAL
|
36307
|
12756
|
8950
|
4865
|
|
TOTAL LONG TERM LIABS
|
11516
|
11220
|
3838
|
2079
|
|
Long Term Loans
|
11516
|
10916
|
3534
|
2079
|
|
Bank Loans
|
6622
|
|
|
|
|
Other Finance
|
178
|
223
|
161
|
2079
|
|
Due To Group
|
4716
|
10693
|
3373
|
|
|
Other Liabilities
|
|
304
|
304
|
|
|
NET ASSETS/(LIABILITIES)
|
26086
|
7605
|
6792
|
2996
|
|
SHARE CAPITAL + RESERVES
|
26086
|
7605
|
6792
|
2996
|
|
Share Cap + Sundry Res
|
31692
|
12903
|
12904
|
12584
|
|
Issued Share Capital
|
28788
|
10000
|
10000
|
9847
|
|
Sundry Reserves
|
2904
|
2903
|
2904
|
2737
|
|
Profit and Loss account
|
(5606)
|
(5298)
|
(6112)
|
(9588)
|
|
SHAREHOLDERS FUNDS
|
26086
|
7605
|
6792
|
2996
|
|
CAPITAL EMPLOYED
|
37602
|
18825
|
10630
|
5075
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
13
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
(22071)
|
530
|
(5539)
|
(3195)
|
|
Increase in Cash
|
3298
|
(608)
|
(5914)
|
6972
|
|
Directors Remuneration
|
547
|
488
|
298
|
25
|
|
Auditors Remuneration
|
30
|
30
|
33
|
6
|
|
Liquid Assets
|
4385
|
4182
|
4763
|
7193
|
|
Net Working Capital
|
36307
|
12756
|
8950
|
4865
|
|
Long Term Debt(>12 Months)
|
11516
|
10916
|
3534
|
2079
|
|
Other Deferred Liabs
|
|
304
|
304
|
|
|
Tangible Net Worth(T.N.W)
|
26086
|
7605
|
6792
|
2996
|
|
Equity
|
26086
|
7605
|
6792
|
2996
|
|
Number of Years Trading
|
9
|
8
|
7
|
6
|
|
Number of Employees
|
241
|
201
|
109
|
68
|
|
Profit per Employee
|
(8726.1)
|
(8213.9)
|
14504.6
|
(27867.6)
|
|
Sales per Employee
|
31460.6
|
40771.1
|
68275.2
|
20558.8
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Current Ratio
|
3.1
|
2
|
3.5
|
2.4
|
|
Long Term Debt/T.N.W
|
0.4
|
1.4
|
0.5
|
0.7
|
|
Pre Tax Profit Margin%
|
(27.7)
|
(20.1)
|
21.2
|
(135.6)
|
|
Gross Profit%
|
24.5
|
(4.9)
|
35.9
|
51.1
|
|
Debtors Days (D.S.O)
|
62
|
177
|
193
|
86
|
|
Creditors Days (D.P.O)
|
68
|
82
|
19
|
238
|
|
Quick Ratio
|
0.8
|
0.5
|
1.9
|
2.2
|
|
W.I.P/Inventory Days
|
2555.6
|
815.4
|
435.8
|
494.9
|
|
Return on Investment%
|
(3.9)
|
(5.9)
|
14.3
|
(33.2)
|
|
Return on Assets%
|
(3.8)
|
(5.2)
|
11.1
|
(22.3)
|
|
T.N.W/Total Assets%
|
47.3
|
23.9
|
47.6
|
35.3
|
|
Return on Capital%
|
(5.6)
|
(8.8)
|
14.9
|
(37.3)
|
|
Rtn on Shareholders Funds%
|
(8.1)
|
(21.7)
|
23.3
|
(63.3)
|
|
Working Capital/Sales%
|
478.9
|
155.7
|
120.3
|
348
|
|
Borrowing Ratio%
|
94.6
|
258.2
|
59.9
|
88.2
|
|
Equity Gearing%
|
89.6
|
31.4
|
90.7
|
54.5
|
|
Stock Turnover
|
0.2
|
0.4
|
1.3
|
1.5
|
|
Days Purchases Outstanding
|
90
|
77.9
|
29.6
|
486.8
|
|
Sales/Fixed Assets
|
5.9
|
6.3
|
10.4
|
6.7
|
|
Debt Gearing
|
44.1
|
143.5
|
52
|
69.4
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
421
|
34644
|
49805
|
48576
|
|
Pre-Tax Profit Margin
|
53.4
|
33.3
|
32.4
|
35.2
|
|
Current Ratio
|
2.2
|
2
|
1.9
|
1.8
|
|
Borrowing Ratio
|
332.4
|
38.5
|
15.8
|
10.2
|
|
Return on Capital
|
268.8
|
180.9
|
158.5
|
195.1
|
|
Creditors Days
|
94
|
108
|
99
|
98
|
|
Above figures relate to companies in 2003 Standard Industry Classification
(Nace) sector : Software consultancy and supply
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 31/03/2010.
|
|
Turnover
|
|
Turnover reduced from GBP 8,195,000 to
GBP 7,582,000, a decrease of 7 % in the period.
|
|
Operating Loss
|
|
Totalled GBP 2,057,000. In the year
prior a Loss of GBP 1,727,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject made a loss in the period of
GBP 2,103,000 that was 27 % up on the loss made in the previous period.
|
|
Working Capital
|
|
The company's working capital has
increased by 185 % in the period.
|
|
Net Worth
|
|
Net worth has increased by 243 % and now
stands at GBP 26,086,000.
|
|
Fixed Assets
|
|
The subject's fixed assets reduced
during the year by GBP 4,774,000 to GBP 1,295,000 and are now 2 % of total
assets compared with 19 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities
increased during the period by 2% and are now 44 % of net worth compared
with 148 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 21 % of total
liabilities compared with 35 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 31 % of
capital employed, a decrease of 29 % over the previous period.
|
|
