Company Identification Details
|
Subject Reported on
|
BENTLEY MOTORS LIMITED
|
|
Registration Number
|
00992897
|
|
VAT Number
|
GB279230739
|
|
Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Telephone
|
01270 255 155
|
|
Facsimile
|
01270 255 153
|
|
Email
|
sales@bentleymotors.co.uk
|
|
Web Address
|
www.bentleymotors.co.uk
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 50,000
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
00992897
|
|
VAT Number
|
GB279230739
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
28/10/1970
|
|
Registered Office
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
History
|
12/09/2002 : Change
of name from ROLLS-ROYCE & BENTLEY MOTOR CARS LIMITED.
|
|
|
23/07/1999 : Change of
name from ROLLS-ROYCE MOTOR CARS LIMITED.
|
|
|
26/09/1986 : Change
of name from ROLLS-ROYCE MOTORS LIMITED.
|
|
Date of Last
Annual Return to Registry
|
30/05/2010
|
|
Accounts
|
The last filed
accounts at Companies House are those to 31/12/2009
|
|
Accounting
Reference Date
|
31/12
|
Operations
|
Activities
|
Manufacturers and marketing of 'Bentley' motor cars together with
service parts.
|
|
Nace Code
|
3410
|
|
Premises
|
Owned,Offices,Factory,Warehouse
|
|
Staff Employed
|
3,424
|
|
Trading Divisions
|
SPECIALIST ENGINE DIV, RESEARCH & DEVELOPMENT DIV
|
|
Trade Names
|
BENTLEY
|
|
Product Names
|
SILVER SHADOW, MULSANE S, CORNICHE
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
LLOYDS TSB BANK PLC
|
|
Address
|
CREWE.
|
|
Sort Code
|
301259
|
|
Auditors
|
PricewaterhouseCoopers LLP
|
|
Branches
|
SERVICE CENTRE AT, SCHOOL ROAD, NORTH ACTON, LONDON.
|
|
|
UNIT 16, LONDONTHORPE RD,
GRANTHAM, LINCOLNSHIRE,
NG31 9SN.
|
|
Associated Companies
|
OYSTER LANE
PROPERTIES (HOLDINGS) LTD.
|
|
|
OYSTER LANE
PROPERTIES LTD.
|
|
|
S & E CHESHIRE
TRAINING AND ENTERPRISE COUNCIL LTD.
|
|
|
VICKERS PENSION
TRUSTEES LTD.
|
|
Subsidiaries
|
BENTLEY INSURANCE
SERVICES LIMITED
|
|
|
BENTLEY MOTOR CARS
EXPORT LIMITED
|
|
|
BENTLEY MOTOR EXPORT
SERVICES LIMITED
|
|
|
CREWE GENUINE LIMITED
|
|
|
FLYING LADY DESIGNS
LIMITED
|
|
|
H.J. MULLINER &
CO. LIMITED
|
|
|
H.J. MULLINER, PARK
WARD LIMITED
|
|
|
PARK WARD &
CO.LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
05/01/2011
|
50,000
|
|
05/10/2010
|
50,000
|
|
05/07/2010
|
50,000
|
|
05/04/2010
|
50,000
|
|
05/01/2010
|
50,000
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
|
Amount Summary
|
256
|
|
Count Summary
|
1
|
|
Details of the most recent CCJ's/Scottish
Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
13/05/2005
|
256
|
Judgment
|
5SM01131
|
22/06/2005
|
STAINES
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
3
|
|
Number Outstanding
|
2
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
1
|
|
|
|
|
Date of Latest Mortgage Created
|
09/11/2007
|
|
Date of Latest Satisfaction
|
27/11/2007
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
20/11/2007
|
09/11/2007
|
Rent Deposit Deed
|
395
|
Gallaher Limited
|
|
|
16/11/2007
|
09/11/2007
|
Rent Deposit Deed
|
395
|
Gallaher Limited
|
|
27/11/2007
|
29/05/2002
|
15/05/2002
|
Rent Deposit Deed
|
395
|
Gallaher 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
|
06/09/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
20/04/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
02/07/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
14/03/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
02/01/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
05/04/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
01/11/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
19/01/2005
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
19/01/2005
|
Companies House Gazette
|
"Resolutions which give vary
|
|
06/08/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
10/07/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
25/10/2003
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
25/10/2003
|
Companies House Gazette
|
"Resolutions which give vary
|
|
09/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
18/06/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
06/06/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
04/06/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
17/05/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
27/06/2002
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
27/06/2002
|
Companies House Gazette
|
"Resolutions which give vary
|
Company Secretary
|
Secretary
|
ANDREW THOMAS ARMITAGE
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
10/11/1956
|
|
Appointment Date
|
07/10/2005
|
Directors
|
Director
|
DOUGLAS DICKSON
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
21/07/1947
|
|
Appointment Date
|
01/01/1999
|
|
Director
|
CHRISTINE ANN GASKELL
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
16/04/1959
|
|
Appointment Date
|
01/09/1997
|
|
Other Directorships
|
CHESHIRE EMPLOYER AND
SKILLS DEVELOPMENT LIMITED, CHESHIRE
& WARRINGTON ENTERPRISE COMMISSION, NORTHWEST BUSINESS
LINK, ROLLS-ROYCE & BENTLEY PENSION FUND TRUSTEE
LIMITED, TOTAL PEOPLE LIMITED
|
|
Chief Executive
|
DR FRANZ JOSEF PAEFGEN
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
10/05/1946
|
|
Appointment Date
|
01/03/2002
|
|
Other Directorships
|
CREWE GENUINE
LIMITED, H.J. MULLINER & CO. LIMITED, PARK WARD &
CO.LIMITED, BENTLEY MOTOR EXPORT SERVICES LIMITED, BENTLEY MOTOR
CARS EXPORT LIMITED, BENTLEY INSURANCE SERVICES LIMITED, JAMES
YOUNG LIMITED
|
|
Director
|
DR ULRICH EICHHORN
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
11/10/1961
|
|
Appointment Date
|
01/03/2003
|
|
Director
|
HANS DIETER POTSCH
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
AUSTRIA
|
|
Date of Birth
|
28/03/1951
|
|
Appointment Date
|
21/06/2004
|
|
Chairman
|
PROF MARTIN WINTERKORN
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
24/05/1947
|
|
Appointment Date
|
26/02/2007
|
|
Director
|
MR JAN-HENRIK LAFRENTZ
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
30/08/1966
|
|
Appointment Date
|
19/04/2010
|
|
Other Directorships
|
CREWE GENUINE
LIMITED, H.J. MULLINER & CO. LIMITED, PARK WARD & CO.LIMITED, BENTLEY
MOTOR EXPORT SERVICES LIMITED, BENTLEY MOTOR CARS EXPORT
LIMITED, BENTLEY INSURANCE SERVICES LIMITED, JAMES YOUNG LIMITED
|
|
Director
|
MR ALASDAIR MORAY STEWART
|
|
Service Address
|
PYM'S LANE, CREWE, CHESHIRE,
CW1 3PL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
15/01/1964
|
|
Appointment Date
|
01/09/2010
|
Share Capital
|
Shares
|
Ordinary GBP 0.10
|
|
Issued Number
|
947,000,000
|
|
Shares
|
Irredeemable Preference GBP 0.01
|
|
Issued Number
|
11,848,946
|
|
Principal Shareholder
|
947,000,000 Volkswagen International Finance NV
|
|
|
11,848,946 James Young Ltd
|
|
The above reflects the principle shareholder(s) by number of shares held,
irrespective of share classification type.
|
|
Holding Company
|
Volkswagen International Finance NV, a company incorporated in GERMANY
|
|
Ultimate Parent
|
VOLKSWAGEN AG, a company incorporated in GERMANY
|
General Information
|
The ultimate holding company is Volkswagen AG of Germany.
Results for year to 31.12.2009 show: Revenue: EUR 105,187.00m; Pretax
profit: EUR 1,261.00m; Total assets: EUR 177,178.00m; Shareholders Equity:
EUR 35,281.00m.
H1 2010 results show pretax profit of EUR 2,624.00m on Revenue up
21% to EUR 61,809.00m.
|
Financial Data– Statutory Account
|
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
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
469500
|
829400
|
941400
|
911700
|
|
Cost of goods sold
|
633100
|
845700
|
774700
|
766000
|
|
GROSS PROFIT
|
(163600)
|
(16300)
|
166700
|
145700
|
|
Wages and Salaries
|
103000
|
118800
|
120500
|
121800
|
|
Directors Emoluments
|
3100
|
2900
|
2900
|
1900
|
|
Auditors Fees
|
200
|
100
|
100
|
100
|
|
Non-Audit Fees
|
100
|
100
|
100
|
100
|
|
Trading Profit
|
(215300)
|
(54900)
|
165000
|
136400
|
|
Depreciation
|
55400
|
68500
|
64600
|
52500
|
|
OPERATING PROFIT
|
(270700)
|
(123400)
|
100400
|
83900
|
|
Non Trading Income
|
22900
|
32800
|
34800
|
28800
|
|
Interest Payable
|
34500
|
37000
|
41800
|
43600
|
|
PRE TAX PROFIT
|
(282300)
|
(127600)
|
93400
|
69100
|
|
Taxation
|
(51200)
|
(35400)
|
28900
|
16400
|
|
PROFIT AFTER TAX
|
(231100)
|
(92200)
|
64500
|
52700
|
|
RETAINED PROFITS
|
(231100)
|
(92200)
|
64500
|
52700
|
|
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
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
303800
|
275700
|
238700
|
283800
|
|
Tangible Assets
|
297600
|
269100
|
233800
|
278700
|
|
Fixed Assets
|
288700
|
259900
|
223400
|
260400
|
|
Intermediate assets
|
8900
|
9200
|
10400
|
18300
|
|
Intangible Assets
|
6200
|
6600
|
4900
|
5100
|
|
TOTAL CURRENT ASSETS
|
274000
|
240500
|
173300
|
214800
|
|
Trade debtors
|
24600
|
29900
|
17700
|
17900
|
|
Stocks
|
80300
|
99600
|
94700
|
88700
|
|
Other Current Assets
|
169100
|
111000
|
60900
|
108200
|
|
Misc Current Assets
|
119600
|
89900
|
33400
|
69200
|
|
Due From Group
|
26100
|
3600
|
14100
|
26000
|
|
Cash
|
23400
|
17500
|
13400
|
13000
|
|
TOTAL ASSETS
|
577800
|
516200
|
412000
|
498600
|
|
TOTAL CURRENT LIABILITIES
|
540800
|
348600
|
219600
|
211600
|
|
Trade creditors
|
131100
|
115400
|
81100
|
51100
|
|
Short Term Loans
|
293600
|
99300
|
50000
|
54900
|
|
Bank Overdraft
|
|
2200
|
100
|
200
|
|
Due To Group
|
293600
|
97100
|
49900
|
54700
|
|
Other Liabilities
|
116100
|
133900
|
88500
|
105600
|
|
WORKING CAPITAL
|
(266800)
|
(108100)
|
(46300)
|
3200
|
|
TOTAL LONG TERM LIABS
|
135200
|
262200
|
165100
|
366700
|
|
Long Term Loans
|
|
218500
|
134500
|
273900
|
|
Due To Group
|
|
218500
|
134500
|
273900
|
|
Other Liabilities
|
135200
|
43700
|
30600
|
92800
|
|
NET ASSETS/(LIABILITIES)
|
(98200)
|
(94600)
|
27300
|
(79700)
|
|
SHARE CAPITAL + RESERVES
|
(98200)
|
(94600)
|
27300
|
(79700)
|
|
Share Cap + Sundry Res
|
971100
|
656100
|
656100
|
656100
|
|
Issued Share Capital
|
947100
|
632100
|
632100
|
632100
|
|
Sundry Reserves
|
24000
|
24000
|
24000
|
24000
|
|
Revaluation Reserves
|
3500
|
4400
|
5300
|
6200
|
|
Profit and Loss account
|
(1072800)
|
(755100)
|
(634100)
|
(742000)
|
|
SHAREHOLDERS FUNDS
|
(98200)
|
(94600)
|
27300
|
(79700)
|
|
CAPITAL EMPLOYED
|
37000
|
167600
|
192400
|
287000
|
|
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
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
3100
|
2900
|
2900
|
1900
|
|
Auditors Remuneration
|
200
|
100
|
100
|
100
|
|
Liquid Assets
|
48000
|
47400
|
31100
|
30900
|
|
Net Working Capital
|
(266800)
|
(108100)
|
(46300)
|
3200
|
|
Long Term Debt(>12 Months)
|
|
218500
|
134500
|
273900
|
|
Other Deferred Liabs
|
135200
|
43700
|
30600
|
92800
|
|
Tangible Net Worth(T.N.W)
|
(104400)
|
(101200)
|
22400
|
(84800)
|
|
Equity
|
(98200)
|
(94600)
|
27300
|
(79700)
|
|
Number of Years Trading
|
39
|
38
|
37
|
36
|
|
Number of Employees
|
3424
|
3681
|
3726
|
3907
|
|
Profit per Employee
|
(82447.4)
|
(34664.5)
|
25067.1
|
17686.2
|
|
Sales per Employee
|
137120.3
|
225319.2
|
252657
|
233350.4
|
|
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
|
0.5
|
0.7
|
0.8
|
1
|
|
Long Term Debt/T.N.W
|
|
(2.2)
|
6
|
(3.2)
|
|
Pre Tax Profit Margin%
|
(60.1)
|
(15.4)
|
9.9
|
7.6
|
|
Gross Profit%
|
(34.8)
|
(2)
|
17.7
|
16
|
|
Debtors Days (D.S.O)
|
19
|
13
|
7
|
7
|
|
Creditors Days (D.P.O)
|
102
|
51
|
31
|
20
|
|
Quick Ratio
|
0.4
|
0.4
|
0.4
|
0.6
|
|
W.I.P/Inventory Days
|
46.3
|
43
|
44.6
|
42.3
|
|
Return on Investment%
|
(75)
|
(33.9)
|
55.8
|
33
|
|
Return on Assets%
|
(48.9)
|
(24.7)
|
22.7
|
13.9
|
|
T.N.W/Total Assets%
|
(18.1)
|
(19.6)
|
5.4
|
(17)
|
|
Return on Capital%
|
(763)
|
(76.1)
|
48.5
|
24.1
|
|
Rtn on
Shareholders Funds%
|
|
|
342.1
|
(86.7)
|
|
Working Capital/Sales%
|
(56.8)
|
(13)
|
(4.9)
|
0.4
|
|
Borrowing Ratio%
|
(281.2)
|
(314)
|
823.7
|
(387.7)
|
|
Equity Gearing%
|
(14.5)
|
(15.5)
|
7.1
|
(13.8)
|
|
Stock Turnover
|
5.8
|
8.3
|
9.9
|
10.3
|
|
Days Purchases Outstanding
|
75.6
|
49.8
|
38.2
|
24.3
|
|
Sales/Fixed Assets
|
1.6
|
3.2
|
4.2
|
3.5
|
|
Debt Gearing
|
|
(215.9)
|
600.4
|
(323)
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
98
|
327
|
347
|
336
|
|
Pre-Tax Profit Margin
|
7.5
|
1.5
|
(9.2)
|
(9.2)
|
|
Current Ratio
|
1.5
|
1.3
|
1.2
|
1.2
|
|
Borrowing Ratio
|
243.5
|
(29.3)
|
12.3
|
84.5
|
|
Return on Capital
|
31
|
18.4
|
30.6
|
26.5
|
|
Creditors Days
|
40
|
43
|
53
|
134
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of
motor vehicles
|
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 43 % and reduced
by 359,900,000 to GBP 469,500,000.
|
|
Operating Loss
|
|
Totalled GBP
270,700,000. In the year prior a Loss of GBP 123,400,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject made a loss in the period of
GBP 282,300,000 that was 121 % up on the loss made in the previous period.
|
|
Working Capital
|
|
The company's working capital deficiency
increased in the period and now totals GBP 266,800,000.
|
|
Net Worth
|
|
The company's negative net worth
increased during the year by GBP 3,600,000 and is now deficient by GBP
98,200,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased during
the year by GBP 28,100,000 to GBP 303,800,000 and are now 52 % of total
assets compared with 53 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities reduced
during the period by 48 % and are now 138 % of net worth compared with 277
% in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 23 % of
total liabilities compared with 51 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 365 % of
capital employed, an increase of 209 % over the previous period.
|
|
