MIRA INFORM REPORT
|
Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL COMPONENTS UK LIMITED |
|
|
|
|
Formerly Known As : |
HLW 236 LIMITED |
|
|
|
|
Registered Office : |
8 Stevenson Way, Sheffield, South Yorkshire, S9 3wz |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
07.07.2004 |
|
|
|
|
Com. Reg. No.: |
05172752 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale trade of motor vehicle parts and accessories |
|
|
|
|
No. of Employees
: |
84 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
£30,000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment
Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED
NAME & COMPANY SUMMARY
|
Company Name |
UNIVERSAL
COMPONENTS UK LIMITED |
Company Number |
05172752 |
|
|
|
Safe Number |
UK04818212 |
|
Registered Address |
8 STEVENSON WAY |
Trading Address |
8
Stevenson Way |
|
|
SHEFFIELD |
|
|
|
|
SOUTH YORKSHIRE |
|
|
|
|
S9 3WZ |
|
|
|
Website Address |
|
|
|
|
Telephone Number |
01142611188 |
Fax Number |
|
|
TPS |
Yes |
FPS |
No |
|
Incorporation Date |
07/07/2004 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
HLW 236
LIMITED |
Type |
Private
limited with Share Capital |
|
Date of Change |
06/10/2009 |
Filing Date of Accounts |
24/09/2011 |
|
|
|
Share Capital |
£50,000 |
|
SIC03 |
5030 |
Currency |
GBP |
|
SIC03 Description |
SALE OF
MOTOR VEHICLE PARTS & ACCESSORIES |
||
|
SIC07 |
45310 |
||
|
SIC07 Description |
WHOLESALE TRADE OF MOTOR VEHICLE PARTS AND
ACCESSORIES |
||
|
Principal Activity |
A group engaged in distribution of commercial
vehicel parts. |
||
CREDIT
RECOMENDATION
Current
Credit Limit: £30,000
Last
3 Years Credit Limit
|
Date |
Limit |
|
31/12/2010 |
£25,000 |
|
31/12/2009 |
£0 |
|
31/12/2008 |
£60,000 |
Limit
History
|
Date |
Limit |
|
03/10/2011 |
£30,000 |
|
11/10/2010 |
£25,000 |
|
18/12/2009 |
£0 |
|
14/11/2009 |
- |
|
09/10/2009 |
£18,000 |
|
02/10/2009 |
£33,000 |
|
06/03/2009 |
£33,000 |
|
03/03/2009 |
£0 |
|
31/10/2008 |
£60,000 |
|
20/02/2008 |
£100,000 |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current Directors
|
Name |
Date of
Birth |
04/05/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
19 |
Function |
Director |
|
Appointment Date |
04/08/2004 |
|
|
|
Address |
124 Upper Hoyland Road, Hoyland,
Barnsley, S74 9NL |
||
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|
|
|
|
|
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|
|
|
|
|
|
Name |
Date of Birth |
12/07/1973 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
01/11/2004 |
|
|
|
Address |
The Byre Upper Bagden Farm, Bagden
Lane, Huddersfield, HD8 9LQ |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
04/05/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
19 |
Function |
Company Secretary |
|
Appointment Date |
12/10/2004 |
|
|
|
Address |
124 Upper Hoyland Road, Hoyland,
Barnsley, S74 9NL |
||
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs
- |
|
|
|
Total Number of Possible CCJs - |
Total Value of Possible
CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied
CCJs - |
|
|
|
Total Number of Writs - |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are
no writ details
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
GARY HADLEY |
27,500 ORDINARY GBP 1.00 |
|
MR DAVID KERNAHAN |
22,500 ORDINARY GBP 1.00 |
|
Share Capital |
£50,000 |
PAYMENT
INFORMATION
Trade Debtors / Bad Debt Summary
|
Total Number of Documented Trade Debtors / Bad
Debt - |
6 |
|
|
Total Value of Documented Trade Debtors / Bad
Debt - |
£15,720 |
|
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
1 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group Structure Summary
|
Company Name |
UNIVERSAL
COMPONENTS UK LIMITED |
Company
Number |
05172752 |
|
Holding Company |
UNIVERSAL
COMPONENTS UK LIMITED |
Ownership
Status |
Ultimately Owned |
|
Ultimate Holding Company |
UNIVERSAL
COMPONENTS UK LIMITED |
Companies
in group |
4 |
Group structure
|
Company
Name |
|
Safe
Number |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
|
Limit |
Turnover |
|
|||||||||
|
|
05172752 |
31.12.2010 |
Y |
|
£30,000 |
£18,452,099 |
|||||||||||
|
|
00153935 |
31.12.2010 |
N |
|
- |
|
|||||||||||
|
|
05395043 |
31.03.2011 |
N |
|
- |
|
|||||||||||
|
|
05775938 |
30.06.2010 |
N |
|
- |
|
|||||||||||
FINANCIAL
INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/12/2010 |
£18,452,099 |
£1,226,986 |
£2,343,379 |
84 |
|
31/12/2009 |
£15,759,058 |
£533,175 |
£1,517,399 |
81 |
|
31/12/2008 |
£14,617,024 |
£66,795 |
£1,501,647 |
91 |
Profit & Loss
|
Date
Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
N |
|
Turnover |
£18,452,099 |
17.1% |
£15,759,058 |
7.8% |
£14,617,024 |
40.6% |
£10,399,637 |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£12,588,270 |
- |
£10,555,165 |
- |
£10,482,059 |
- |
£7,096,188 |
- |
- |
|
Gross Profit |
£5,863,829 |
12.7% |
£5,203,893 |
25.9% |
£4,134,965 |
25.2% |
£3,303,449 |
14% |
£2,896,988 |
|
Wages & Salaries |
£1,696,664 |
-0.8% |
£1,709,810 |
4.5% |
£1,635,917 |
60.1% |
£1,021,542 |
5.7% |
£966,072 |
|
Directors Emoluments |
£89,758 |
-28.9% |
£126,185 |
-8.8% |
£138,298 |
20.1% |
£115,112 |
-21.5% |
£146,642 |
|
Operating Profit |
£1,305,303 |
117.4% |
£600,413 |
176.6% |
£217,057 |
408.4% |
-£70,374 |
-109.5% |
£742,626 |
|
Depreciation |
£50,831 |
-32.5% |
£75,343 |
124.2% |
£33,607 |
-60.1% |
£84,181 |
23.6% |
£68,133 |
|
Audit Fees |
£29,550 |
54.7% |
£19,100 |
-0.5% |
£19,200 |
37.1% |
£14,000 |
14.3% |
£12,250 |
|
Interest Payments |
£78,317 |
16.5% |
£67,238 |
-55.3% |
£150,299 |
31.4% |
£114,368 |
34.9% |
£84,793 |
|
Pre Tax Profit |
£1,226,986 |
130.1% |
£533,175 |
698.2% |
£66,795 |
136.2% |
-£184,742 |
-128.1% |
£657,833 |
|
Taxation |
-£409,367 |
-248.6% |
-£117,423 |
-556.5% |
-£17,887 |
-115.1% |
£118,753 |
513.4% |
-£28,723 |
|
Profit After Tax |
£817,619 |
96.7% |
£415,752 |
750.1% |
£48,908 |
174.1% |
-£65,989 |
-110.5% |
£629,110 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
-100% |
£27,996 |
|
Retained Profit |
£817,619 |
96.7% |
£415,752 |
750.1% |
£48,908 |
174.1% |
-£65,989 |
-111% |
£601,114 |
Balance Sheet
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Tangible Assets |
£138,579 |
39% |
£99,669 |
-48.5% |
£193,610 |
-10.5% |
£216,433 |
-8.6% |
£236,870 |
|
Intangible Assets |
£1,489,817 |
-12.4% |
£1,699,904 |
3.3% |
£1,645,884 |
436% |
-£489,861 |
36.4% |
-£769,781 |
|
Total Fixed Assets |
£1,628,396 |
-9.5% |
£1,799,573 |
-2.2% |
£1,839,494 |
772.8% |
-£273,428 |
48.7% |
-£532,911 |
|
Stock |
£3,242,145 |
6.1% |
£3,056,219 |
-1.2% |
£3,093,807 |
54.4% |
£2,003,810 |
-3.7% |
£2,081,854 |
|
Trade Debtors |
£3,517,949 |
5% |
£3,350,152 |
6.6% |
£3,142,272 |
48.4% |
£2,117,964 |
4.3% |
£2,031,237 |
|
Cash |
£12,185 |
323.1% |
£2,880 |
-88.4% |
£24,797 |
999.9% |
£458 |
-98.9% |
£41,413 |
|
Other Debtors |
£138,390 |
8.5% |
£127,498 |
-45.5% |
£234,151 |
-59.4% |
£576,276 |
81.1% |
£318,251 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£6,910,669 |
5.7% |
£6,536,749 |
0.6% |
£6,495,027 |
38.2% |
£4,698,508 |
5% |
£4,472,755 |
|
Trade Creditors |
£2,355,479 |
22.3% |
£1,925,782 |
13.4% |
£1,697,649 |
48.1% |
£1,146,540 |
-13.5% |
£1,324,857 |
|
Bank Loans &
Overdrafts |
£127,038 |
-34.8% |
£194,984 |
0.9% |
£193,311 |
97.1% |
£98,100 |
925% |
£9,571 |
|
Other Short Term Finance |
£1,166,601 |
-34.5% |
£1,781,822 |
-33.8% |
£2,690,045 |
87.4% |
£1,435,306 |
999.9% |
£9,759 |
|
Miscellaneous Current
Liabilities |
£1,742,006 |
10.5% |
£1,576,043 |
30.8% |
£1,204,534 |
21.6% |
£990,773 |
-45% |
£1,802,194 |
|
Total Current Liabilities |
£5,391,124 |
-1.6% |
£5,478,631 |
-5.3% |
£5,785,539 |
57.6% |
£3,670,719 |
16.7% |
£3,146,381 |
|
Bank Loans &
Overdrafts and LTL |
£931,600 |
-39.3% |
£1,535,276 |
23.7% |
£1,240,646 |
653.2% |
£164,722 |
253.8% |
£46,555 |
|
Other Long Term Finance |
0 |
- |
0 |
-100% |
£12,667 |
-23.8% |
£16,622 |
-41.3% |
£28,323 |
|
Total Long Term
Liabilities |
£804,562 |
-40% |
£1,340,292 |
28% |
£1,047,335 |
999.9% |
£66,622 |
80.1% |
£36,984 |
Capital & Reserves
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Called Up Share Capital |
£50,000 |
- |
£50,000 |
-18% |
£60,975 |
22% |
£50,000 |
- |
£50,000 |
|
P & L Account Reserve |
£1,520,018 |
116.4% |
£702,399 |
2.3% |
£686,647 |
7.7% |
£637,739 |
-9.4% |
£703,728 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£773,361 |
1.1% |
£765,000 |
1.5% |
£754,025 |
- |
- |
-100% |
£2,751 |
|
Shareholder Funds |
£2,343,379 |
54.4% |
£1,517,399 |
1% |
£1,501,647 |
118.3% |
£687,739 |
-9.1% |
£756,479 |
Other Financial Items
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Net Worth |
£853,562 |
567.7% |
-£182,505 |
-26.5% |
-£144,237 |
-112.2% |
£1,177,600 |
-22.8% |
£1,526,260 |
|
Working Capital |
£1,519,545 |
43.6% |
£1,058,118 |
49.1% |
£709,488 |
-31% |
£1,027,789 |
-22.5% |
£1,326,374 |
|
Total Assets |
£8,539,065 |
2.4% |
£8,336,322 |
0% |
£8,334,521 |
88.3% |
£4,425,080 |
12.3% |
£3,939,844 |
|
Total Liabilities |
£6,195,686 |
-9.1% |
£6,818,923 |
-0.2% |
£6,832,874 |
82.8% |
£3,737,341 |
17.4% |
£3,183,365 |
|
Net Assets |
£2,343,379 |
54.4% |
£1,517,399 |
1% |
£1,501,647 |
118.3% |
£687,739 |
-9.1% |
£756,479 |
Cash Flow
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Net Cashflow from
Operations |
£272,891 |
-48.5% |
£529,813 |
-77.2% |
£2,328,610 |
999.9% |
£82,719 |
-65.7% |
£240,881 |
|
Net Cashflow before
Financing |
£77,251 |
-81.5% |
£416,690 |
999.9% |
-£45,825 |
60.6% |
-£116,336 |
-452% |
£33,046 |
|
Net Cashflow from
Financing |
- |
100% |
-£440,280 |
-999.9% |
-£25,047 |
-90.5% |
-£13,148 |
- |
- |
|
Increase in Cash |
£77,251 |
427.5% |
-£23,590 |
66.7% |
-£70,872 |
45.3% |
-£129,484 |
-491.8% |
£33,046 |
Miscellaneous
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
YES |
- |
NO |
|
Capital Employed |
£3,147,941 |
10.2% |
£2,857,691 |
12.1% |
£2,548,982 |
237.9% |
£754,361 |
-4.9% |
£793,463 |
|
Number of Employees |
84 |
3.7% |
81 |
-11% |
91 |
82% |
50 |
13.6% |
44 |
|
Auditors |
RODDIS TAYLOR ROBINSON |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
YORKSHIRE BANK PLC |
||||||||
|
Bank Branch Code |
05-08-08 |
||||||||
Ratios
|
Date Of Accounts |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
31/12/06 |
|
Pre-tax profit margin % |
6.65 |
3.38 |
0.46 |
-1.78 |
- |
|
Current ratio |
1.28 |
1.19 |
1.12 |
1.28 |
1.42 |
|
Sales/Net Working Capital |
12.14 |
14.89 |
20.60 |
10.12 |
- |
|
Gearing % |
39.80 |
101.20 |
82.60 |
24 |
6.20 |
|
Equity in % |
33.20 |
22.90 |
22.50 |
14 |
16.10 |
|
Creditor Days |
46.46 |
44.48 |
42.27 |
40.13 |
- |
|
Debtor Days |
69.39 |
77.38 |
78.25 |
74.13 |
- |
|
Liquidity/Acid Test |
0.68 |
0.63 |
0.58 |
0.73 |
0.76 |
|
Return On Capital
Employed % |
38.97 |
18.65 |
2.62 |
-24.48 |
82.91 |
|
Return On Total Assets
Employed % |
14.36 |
6.39 |
0.80 |
-4.17 |
16.69 |
|
Current Debt Ratio |
2.30 |
3.61 |
3.85 |
5.33 |
4.15 |
|
Total Debt Ratio |
2.64 |
4.49 |
4.55 |
5.43 |
4.20 |
|
Stock Turnover Ratio % |
17.57 |
19.39 |
21.16 |
19.26 |
- |
|
Return on Net Assets
Employed % |
52.35 |
35.13 |
4.44 |
-26.86 |
86.96 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
|
No exact match CCJs are recorded against the
company. |
|
The credit limit on this company has risen 20%
in comparison to the previously suggested credit limit. |
|
The previous 12 month trading period saw a
rise in Sales of 17.1%. |
|
In the previous 12 month trading period Net
Worth increased by 567.7%. |
|
A 2.4% growth in Total Assets occurred in the
previous 12 month trading period. |
|
Pre-tax profits increased by 130.1% in the
previous 12 month trading period. |
|
The company saw an increase in their Cash
Balance of 323.1% in the previous 12 month trading period. |
|
The audit report contains no adverse comments. |
|
No recent changes in directorship are recorded. |
|
The company is part of a group. |
|
The company has changed its registered address
recently. |
|
The company has changed its registered name
recently. |
|
The company was established over 7 years ago. |
Status
History
|
No Status History found |
Event
History
|
Date |
Description |
|
|
03/10/2011 |
New Accounts Filed |
|
|
14/07/2011 |
Annual Returns |
|
|
11/10/2010 |
New Accounts Filed |
|
|
11/10/2010 |
New Accounts Filed |
|
|
16/07/2010 |
Annual Returns |
|
|
18/06/2010 |
Mr S. Ashall has left the board |
|
|
18/12/2009 |
New Accounts Filed |
|
|
18/12/2009 |
New Accounts Filed |
|
|
16/12/2009 |
Change in Reg.Office |
|
|
09/10/2009 |
Mr P.R. Beaumont has left the board |
|
|
22/07/2009 |
Annual Returns |
|
|
31/10/2008 |
New Accounts Filed |
|
|
01/08/2008 |
Annual Returns |
|
|
07/02/2008 |
Jonathan Smith Details have changed |
|
|
28/08/2007 |
New Accounts Filed |
|
Previous
Company Names
|
Date |
Previous
Name |
|
|
06/10/2009 |
UNIVERSAL COMPONENTS UK LIMITED |
|
|
08/09/2004 |
HLW 236 LIMITED |
|
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
|
UK Pound |
1 |
Rs.80.38 |
|
Euro |
1 |
Rs.69.12 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.