Company Identification Details
|
Subject Reported on
|
GUL INTERNATIONAL LIMITED
|
|
Registration Number
|
04706430
|
|
VAT Number
|
GB813055364
|
|
Address
|
CALLTWITH GATE, LAUNCESTON
ROAD, BODMIN, CORNWALL, PL31 2RQ.
|
|
Telephone
|
01208 262 400
|
|
Facsimile
|
01208 262 474
|
|
Email
|
info@gul.com
|
|
Web Address
|
www.gul.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 114,500
|
Payment Behaviour
|
( No Payment Analysis Data is Available )
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
04706430
|
|
VAT Number
|
GB813055364
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
21/03/2003
|
|
Registered Office
|
CALLYWITH GATE, LAUNCESTON
ROAD, BODMIN, CORNWALL, PL31 2RQ.
|
|
History
|
11/08/2003 : Change
of name from WOOF WEAR LIMITED.
|
|
|
25/06/2003 : The
Registered Office address changed from NARROW QUAY HOUSE, NARROW QUAY, BRISTOL, BS1.
|
|
|
24/06/2003 : Change
of name from QUAYSHELFCO 999 LIMITED.
|
|
Date of Last
Annual Return to Registry
|
21/03/2010
|
|
Accounts
|
The last filed
accounts at Companies House are those to 31/01/2010
|
|
Accounting
Reference Date
|
31/01
|
Operations
|
Activities
|
Wholesalers The sale and marketing of wetsuits, leisure and
sportswear.
|
|
Nace Code
|
5142
|
|
Premises
|
Rented,Warehouse,Offices
|
|
Staff Employed
|
78
|
|
Trading Divisions
|
WOOF WEAR
|
|
Trade Names
|
WOOF WEAR
|
|
Import Countries
|
CHINA
|
|
Export Countries
|
ITALY
|
|
Bankers
|
LLOYDS TSB BANK PLC
|
|
Address
|
HIGH ST EXETER.
|
|
Sort Code
|
309314
|
|
Auditors
|
Lang Bennetts
|
|
Subsidiaries
|
MA 007 LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
21/02/2011
|
114,500
|
|
21/11/2010
|
115,000
|
|
21/08/2010
|
79,500
|
|
21/05/2010
|
80,500
|
|
21/02/2010
|
75,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
0
|
2
|
3
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
11/11/2010
|
Other credit granting
|
|
11/11/2010
|
Other credit granting
|
|
21/06/2010
|
Other manufacturing not elsewhere classified
|
|
14/09/2009
|
Miscellaneous
|
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
|
4
|
|
Number Outstanding
|
4
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
0
|
|
|
|
|
Date of Latest Mortgage Created
|
31/10/2005
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
05/11/2005
|
31/10/2005
|
Rent Deposit Deed
|
395
|
Gunwharf Quays Limited
|
|
|
07/07/2004
|
22/06/2004
|
Memorandum Of Pledge And Hypothercation Of Goods
|
395
|
Lloyds Tsb Bank Plc
|
|
|
28/10/2003
|
24/10/2003
|
Debenture Deed
|
395
|
Lloyds Tsb Bank Plc
|
|
|
09/08/2003
|
31/07/2003
|
All Asset Debenture
|
395
|
Lloyds Tsb Commercial Finance Limited
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
08/05/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
22/04/2009
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
16/10/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
31/01/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
11/11/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
05/12/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
26/03/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
11/02/2004
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
11/02/2004
|
Companies House Gazette
|
"Resolutions which give vary
|
|
11/02/2004
|
Companies House Gazette
|
Special resolutions passed under section 95 disapplication of
pre-emption rights
|
|
23/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
17/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
02/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
10/05/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
10/05/2003
|
Companies House Gazette
|
Special resolutions passed under section 95 disapplication of
pre-emption rights
|
|
10/05/2003
|
Companies House Gazette
|
"Resolutions which give vary
|
|
10/05/2003
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
Company Secretary
|
Secretary
|
MR MICHAEL GERARD FLAVELLE
|
|
Service Address
|
PENVENTINNIE BARN, TRURO, CORNWALL, TR4
9EG.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
14/11/1957
|
|
Appointment Date
|
02/01/2008
|
|
Other Directorships
|
MA008 LIMITED
|
Directors
|
Accountant
|
MR MICHAEL GERARD FLAVELLE
|
|
Service Address
|
PENVENTINNIE BARN, TRURO, CORNWALL, TR4
9EG.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
14/11/1957
|
|
Appointment Date
|
02/01/2008
|
|
Other Directorships
|
MA008 LIMITED
|
|
Director
|
JOHN CHRISTOPHER FELTON
|
|
Service Address
|
4 HOLYWELL
ROAD, PLAYING PLACE, TRURO,
CORNWALL, TR3 6EP.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
20/12/1958
|
|
Appointment Date
|
08/05/2003
|
|
Director
|
MARTIN HILL
|
|
Service Address
|
PARSONAGE FARM
PARSONAGE LANE, KINGSTON
ST MARY, TAUNTON, SOMERSET, TA2 8HL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
07/12/1947
|
|
Appointment Date
|
19/06/2003
|
|
Other Directorships
|
GLANET LIMITED, NAMECO (NO.600) LIMITED, CSM CONSULTING
LIMITED
|
|
Accountant
|
MR. JAMES MCLAUGHLIN
|
|
Service Address
|
SNOW MEADOW BARN, MIDDLE STOUGHTON,
WEDMORE, SOMERSET,
BS28 4PT.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
19/12/1955
|
|
Appointment Date
|
18/11/2005
|
|
Other Directorships
|
VLSI INTERNATIONAL LIMITED
|
|
Director
|
MR JOHN CHRISTOPHER FELTON
|
|
Service Address
|
75 TREYEW
ROAD, TRURO, CORNWALL, TR1
2BY.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
20/12/1958
|
|
Appointment Date
|
08/05/2003
|
|
Other Directorships
|
WOOF WEAR LIMITED, MA008 LIMITED
|
|
Managing Director
|
MR BRIAN LOVE
|
|
Service Address
|
VALE VIEW CHERITON HILL, NORTH CHERITON, SOMERSET, BA8 OAD.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
05/11/1960
|
|
Appointment Date
|
06/04/2009
|
|
Other Directorships
|
MA008 LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 0.25
|
|
Issued Number
|
1,393,102
|
|
Principal Shareholder
|
411,768 Martin Hill
|
|
|
283,519 Mike Bryan
|
|
|
170,793 Giles Fearnley
|
|
|
170,793 Robert Howells
|
|
|
158,505 John Felton
|
|
|
83,227 James McLaughlin
|
|
|
57,825 Richard Youngman
|
|
|
21,675 Michael Pickering
|
|
|
20,547 Michael Martin
|
|
|
14,450 Brian Love
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
Financial Data– Statutory Accounts
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
57
|
52
|
52
|
|
Accounts Date
|
31/01/2010
|
31/01/2009
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
6257
|
|
6588
|
5891
|
|
UK sales
|
5238
|
|
5372
|
4435
|
|
Export
|
1019
|
|
1216
|
1456
|
|
Cost of goods sold
|
3989
|
|
3396
|
3103
|
|
GROSS PROFIT
|
2268
|
3432
|
3192
|
2788
|
|
Wages and Salaries
|
1208
|
1521
|
1376
|
1116
|
|
Directors Emoluments
|
192
|
183
|
163
|
96
|
|
Auditors Fees
|
9
|
8
|
9
|
9
|
|
Non-Audit Fees
|
|
|
7
|
7
|
|
Trading Profit
|
1031
|
(77)
|
78
|
208
|
|
Depreciation
|
146
|
189
|
173
|
127
|
|
OPERATING PROFIT
|
885
|
(266)
|
(95)
|
81
|
|
Non Trading Income
|
656
|
|
7
|
5
|
|
Interest Payable
|
84
|
107
|
76
|
142
|
|
PRE TAX PROFIT
|
1457
|
(373)
|
(164)
|
(56)
|
|
Taxation
|
163
|
(145)
|
|
|
|
PROFIT AFTER TAX
|
1294
|
(228)
|
(164)
|
(56)
|
|
RETAINED PROFITS
|
1294
|
(228)
|
(164)
|
(56)
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
57
|
52
|
52
|
|
Accounts Date
|
31/01/2010
|
31/01/2009
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
847
|
573
|
758
|
498
|
|
Tangible Assets
|
847
|
573
|
758
|
498
|
|
Fixed Assets
|
597
|
573
|
758
|
498
|
|
Intermediate assets
|
250
|
|
|
|
|
TOTAL CURRENT ASSETS
|
2305
|
2567
|
2646
|
2057
|
|
Trade debtors
|
302
|
478
|
589
|
454
|
|
Stocks
|
1642
|
1455
|
1605
|
1148
|
|
Other Current Assets
|
361
|
634
|
452
|
455
|
|
Misc Current Assets
|
214
|
496
|
283
|
200
|
|
Cash
|
147
|
138
|
169
|
255
|
|
TOTAL ASSETS
|
3152
|
3140
|
3404
|
2555
|
|
TOTAL CURRENT LIABILITIES
|
1628
|
2209
|
2290
|
1365
|
|
Trade creditors
|
641
|
597
|
704
|
266
|
|
Short Term Loans
|
323
|
760
|
632
|
146
|
|
Bank Overdraft
|
278
|
370
|
532
|
92
|
|
Bank Loans
|
|
309
|
|
|
|
Other Finance
|
45
|
81
|
100
|
34
|
|
Due To Group
|
|
|
|
20
|
|
Other Liabilities
|
664
|
852
|
954
|
953
|
|
WORKING CAPITAL
|
677
|
358
|
356
|
692
|
|
TOTAL LONG TERM LIABS
|
56
|
25
|
113
|
25
|
|
Long Term Loans
|
56
|
25
|
113
|
25
|
|
Other Finance
|
56
|
25
|
113
|
25
|
|
NET ASSETS/(LIABILITIES)
|
1468
|
906
|
1001
|
1165
|
|
SHARE CAPITAL + RESERVES
|
1468
|
906
|
1001
|
1165
|
|
Share Cap + Sundry Res
|
595
|
1327
|
1194
|
1194
|
|
Issued Share Capital
|
348
|
732
|
599
|
599
|
|
Sundry Reserves
|
247
|
595
|
595
|
595
|
|
Profit and Loss account
|
873
|
(421)
|
(193)
|
(29)
|
|
SHAREHOLDERS FUNDS
|
1468
|
906
|
1001
|
1165
|
|
CAPITAL EMPLOYED
|
1524
|
931
|
1114
|
1190
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
57
|
52
|
52
|
|
Accounts Date
|
31/01/2010
|
31/01/2009
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
1185
|
66
|
(153)
|
(259)
|
|
Increase in Cash
|
100
|
(133)
|
(306)
|
128
|
|
Directors Remuneration
|
192
|
183
|
163
|
96
|
|
Auditors Remuneration
|
9
|
8
|
9
|
9
|
|
Liquid Assets
|
449
|
616
|
758
|
709
|
|
Net Working Capital
|
677
|
358
|
356
|
692
|
|
Long Term Debt(>12 Months)
|
56
|
25
|
113
|
25
|
|
Other Deferred Liabs
|
|
|
|
|
|
Tangible Net Worth(T.N.W)
|
1468
|
906
|
1001
|
1165
|
|
Equity
|
1468
|
906
|
1001
|
1165
|
|
Number of Years Trading
|
7
|
6
|
4
|
3
|
|
Number of Employees
|
78
|
82
|
78
|
68
|
|
Profit per Employee
|
18679.5
|
(4548.8)
|
(2102.6)
|
(823.5)
|
|
Sales per Employee
|
80217.9
|
|
84461.5
|
86632.4
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/01/2010
|
31/01/2009
|
31/12/2007
|
31/12/2006
|
|
Current Ratio
|
1.4
|
1.2
|
1.2
|
1.5
|
|
Long Term Debt/T.N.W
|
|
|
0.1
|
|
|
Pre Tax Profit Margin%
|
23.3
|
|
(2.5)
|
(1)
|
|
Gross Profit%
|
36.2
|
|
48.5
|
47.3
|
|
Debtors Days (D.S.O)
|
18
|
|
33
|
28
|
|
Creditors Days (D.P.O)
|
37
|
|
39
|
16
|
|
Quick Ratio
|
0.4
|
0.5
|
0.5
|
0.7
|
|
W.I.P/Inventory Days
|
150.2
|
|
172.5
|
135
|
|
Return on Investment%
|
83.4
|
(15.7)
|
(5)
|
6.4
|
|
Return on Assets%
|
46.2
|
(11.9)
|
(4.8)
|
(2.2)
|
|
T.N.W/Total Assets%
|
46.6
|
28.9
|
29.4
|
45.6
|
|
Return on Capital%
|
95.6
|
(40.1)
|
(14.7)
|
(4.7)
|
|
Rtn on Shareholders Funds%
|
99.3
|
(41.2)
|
(16.4)
|
(4.8)
|
|
Working Capital/Sales%
|
10.8
|
|
5.4
|
11.7
|
|
Borrowing Ratio%
|
25.8
|
86.6
|
74.4
|
14.7
|
|
Equity Gearing%
|
87.2
|
40.6
|
41.7
|
83.8
|
|
Stock Turnover
|
3.8
|
|
4.1
|
5.1
|
|
Days Purchases Outstanding
|
58.7
|
|
75.7
|
31.3
|
|
Sales/Fixed Assets
|
10.5
|
|
8.7
|
11.8
|
|
Debt Gearing
|
3.8
|
2.8
|
11.3
|
2.1
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
5119
|
11373
|
11610
|
11844
|
|
Pre-Tax Profit Margin
|
3
|
1.6
|
1.5
|
2.5
|
|
Current Ratio
|
1.7
|
1.7
|
1.6
|
1.6
|
|
Borrowing Ratio
|
47.1
|
53.3
|
58.5
|
58.1
|
|
Return on Capital
|
24.5
|
22.9
|
27.3
|
30
|
|
Creditors Days
|
63
|
76
|
70
|
82
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of household goods
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 31/01/2010.
|
|
Only Turnover
|
|
Turnover for the year was 6,257,000.
|
|
Operating Profit
|
|
Totalled GBP 885,000. In the year prior
a Loss of GBP 266,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject made a profit of GBP
1,457,000 in the period compared with a loss in the previous period of GBP
373,000.
|
|
Working Capital
|
|
The company's working capital has
increased by 89 % in the period.
|
|
Net Worth
|
|
Net worth has increased by 62 % and now
stands at GBP 1,468,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 274,000 to GBP 847,000 and are now 26 % of total
assets compared with 18 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities
increased during the period by 124% and are now 4 % of net worth compared
with 3 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 2 % of
total liabilities compared with 1 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 4 % of capital
employed, an increase of 1 % over the previous period.
|
|
