MIRA INFORM REPORT

 

 

Report Date :           

23.03.2011

 

IDENTIFICATION DETAILS

 

Name :

VOKES LIMITED

 

 

Registered Office :

Bridgewater Place Water Lane, Leeds, Ls11 5dr.

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

30.09.1960

 

 

Com. Reg. No.:

00671542

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturers The manufacture and distribution of liquid filtration solutions

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 


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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company Identification Details

 

Subject Reported on

VOKES LIMITED

Registration Number

00671542

VAT Number

GB733642145

Address

HENLEY PARK, NORMANDY, GUILDFORD, SURREY, GU3 2AF.

Telephone

01483 569971

Email

sales@vokes.com

Web Address

www.vokes.com

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 0

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

00671542

VAT Number

GB733642145

Subject Status

Dormant

Date of Incorporation

30/09/1960

Registered Office

BRIDGEWATER PLACE WATER LANE, LEEDS, LS11 5DR.

History

30/07/2009 : The Registered Office address changed from C/O VOKES AIR LIMITED, FARRINGTON ROAD, BURNL.

 

17/03/2006 : The Registered Office address changed from SPX AIR TREATMENT HOLDINGS PLC, INNOVATION CE.

 

11/08/2004 : The Registered Office address changed from 2 HITCHING COURT, BLACKLANDS WAY, ABINGDON, O.

 

21/03/2000 : The Registered Office address changed from INVENSYS HOUSE, CARLISLE PLACE, LONDON, SW1P.

 

11/12/1999 : The Registered Office address changed from BTR HOUSE, CARLISLE PLACE, LONDON, SW1P 1BX.

 

28/07/1997 : The Registered Office address changed from SILVERTOWN HOUSE, VINCENT SQUARE, LONDON, SW1.

Date of Last Annual Return to Registry

25/02/2011

Accounts

The last filed accounts at Companies House are those to 31/12/2009

Accounting Reference Date

31/12

 

 

 

Operations

 

 

Activities

Manufacturers The manufacture and distribution of liquid filtration solutions. On 1.1.06 the business of the company was transferred to SPX Vokes Ltd. Did not trade in y/e 31.12.09.

Nace Code

2924

Premises

Leased,Offices,Factory

Staff Employed

88

Trading Divisions

GENFLEX DIVISION

Export Countries

ALL OVER THE WORLD

Bankers

BANK OF AMERICA, NA

Address

LONDON BRANCH.

Sort Code

165050

Auditors

Deloitte & Touche LLP

Subsidiaries

NESW 12 LIMITED

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

22/03/2011

0

22/12/2010

0

22/09/2010

0

22/06/2010

0

22/03/2010

0

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

20/02/2008

Other business activities not elsewhere classified

 

 

 

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

2

Number Outstanding

0

Number Partially Satisfied

0

Number Satisfied

2

 

 

Date of Latest Mortgage Created

04/04/2003

Date of Latest Satisfaction

01/07/2004

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

01/07/2004

09/04/2003

04/04/2003

Cross Guarantee And Debenture

395

Barclays Bank Plc (In Its Capacity As Security Trustee For T

01/07/2004

01/06/2002

30/05/2002

Legal Charge

395

Barclays Bank 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

 

 

Date

Source

Description

 

21/04/2009

Companies House Gazette

Change among directors of a company

17/05/2007

Companies House Gazette

Change among directors of a company

12/02/2007

Companies House Gazette

Change among directors of a company

17/07/2006

Companies House Gazette

Change among directors of a company

18/03/2006

Companies House Gazette

Change among directors of a company

04/02/2006

Companies House Gazette

Change among directors of a company

20/01/2006

Companies House Gazette

Change among directors of a company

24/05/2005

Companies House Gazette

Change among directors of a company

14/05/2005

Companies House Gazette

Change among directors of a company

26/04/2005

Companies House Gazette

Change among directors of a company

26/03/2005

Companies House Gazette

Change among directors of a company

15/10/2004

Companies House Gazette

Change among directors of a company

27/05/2004

Companies House Gazette

Change among directors of a company

27/08/2003

Companies House Gazette

Change among directors of a company

20/08/2003

Companies House Gazette

Change among directors of a company

31/07/2002

Companies House Gazette

Change among directors of a company

16/05/2000

Companies House Gazette

Change among directors of a company

21/03/2000

Companies House Gazette

Change among directors of a company

03/03/2000

Companies House Gazette

Change among directors of a company

28/08/1999

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

BALKAR SOHAL

Service Address

5 NORTH PARK, MANSFIELD, NOTTINGHAMSHIRE, NG18 4PA.

Country of Origin

UNITED KINGDOM

Appointment Date

01/06/2007

 

 

 

Directors

 

 

Managing Director

KLAUS INGO RADISCH

Service Address

WEIDENDSTRASSE 36, SONSBECK 47665.

Country of Origin

GERMANY

Date of Birth

07/05/1965

Appointment Date

06/02/2007

Other Directorships

LAGTA LIMITED, LAGTA GROUP TRAINING LIMITED, SPX UNITED KINGDOM LIMITED, VL CHURCHILL LIMITED, VALLEY FORGE (UK) LIMITED, SPORE HOLDINGS LIMITED


Director


KEVIN LUCIUS LILLY

Service Address

13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE, NORTH CAROLINA NC 28277, NC 2 277.

Country of Origin

USA

Date of Birth

08/01/1953

Appointment Date

01/01/2006

Other Directorships

LAGTA LIMITED, LAGTA GROUP TRAINING LIMITED, JACK HYDRAULICS LIMITED, WHEWAY HAMPSHIRE LIMITED, SPX INTERNATIONAL LIMITED, SPX UNITED KINGDOM LIMITED, RADIODETECTION LIMITED, VL CHURCHILL LIMITED, SPX AIR TREATMENT LIMITED, SPX FLOW TECHNOLOGY LIMITED, VALLEY FORGE (UK) LIMITED, MARLEY COOLING TOWER (HOLDINGS) LIMITED, SPX COOLING TECHNOLOGIES UK LIMITED, UD-RD HOLDING COMPANY LIMITED, TORQUE TENSION SYSTEMS LIMITED, SPORE HOLDINGS LIMITED, SPX UK HOLDING LIMITED, SPX EUROPE SHARED SERVICES LIMITED


Director


MICHAEL ANDREW REILLY

Service Address

2007 CHANNELSTONE WAY, MATTHEWS, NC 28104, NC 2 104.

Country of Origin

USA

Date of Birth

24/05/1964

Appointment Date

18/02/2005

Other Directorships

LAGTA LIMITED, LAGTA GROUP TRAINING LIMITED, SPX FLOW TECHNOLOGY CRAWLEY LIMITED, SPX FLOW TECHNOLOGY LONDON LIMITED, APV OVERSEAS HOLDINGS LIMITED, JACK HYDRAULICS LIMITED, WHEWAY HAMPSHIRE LIMITED, SPX INTERNATIONAL LIMITED, SPX UNITED KINGDOM LIMITED, SOUTH EASTERN EUROPE SERVICES LIMITED, RADIODETECTION LIMITED, VL CHURCHILL LIMITED, SPX AIR TREATMENT LIMITED, SPX FLOW TECHNOLOGY LIMITED, VALLEY FORGE (UK) LIMITED, MARLEY COOLING TOWER (HOLDINGS) LIMITED, SPX COOLING TECHNOLOGIES UK LIMITED, UD-RD HOLDING COMPANY LIMITED, TORQUE TENSION SYSTEMS LIMITED, SPORE HOLDINGS LIMITED, SPX UK HOLDING LIMITED, SPX EUROPE SHARED SERVICES LIMITED


Director


PATRICK JOSEPH O'LEARY

Service Address

6524 CHIPSTEAD LANE, CHARLOTTE, NORTH CAROLINA NC 28277, 2827 7.

Country of Origin

USA

Date of Birth

19/06/1957

Appointment Date

31/03/2004

Other Directorships

LAGTA LIMITED, LAGTA GROUP TRAINING LIMITED, SPX FLOW TECHNOLOGY CRAWLEY LIMITED, SPX FLOW TECHNOLOGY LONDON LIMITED, APV OVERSEAS HOLDINGS LIMITED, JACK HYDRAULICS LIMITED, WHEWAY HAMPSHIRE LIMITED, SPX INTERNATIONAL LIMITED, SPX UNITED KINGDOM LIMITED, SOUTH EASTERN EUROPE SERVICES LIMITED, RADIODETECTION LIMITED, VL CHURCHILL LIMITED, J.P. PUMPS LIMITED, SPX AIR TREATMENT LIMITED, SPX FLOW TECHNOLOGY LIMITED, VALLEY FORGE (UK) LIMITED, MARLEY COOLING TOWER (HOLDINGS) LIMITED, SPX COOLING TECHNOLOGIES UK LIMITED, UD-RD HOLDING COMPANY LIMITED, TORQUE TENSION SYSTEMS LIMITED, SPORE HOLDINGS LIMITED, SPX UK HOLDING LIMITED, SPX EUROPE SHARED SERVICES LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

970,133

Principal Shareholder

970,133 Dollinger Ireland Ltd

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Holding Company

SPX FLOW TECHNOLOGY KERRY LIMITED, a company incorporated in IRISH REPUBLIC

Ultimate Parent

SPX CORP, a company incorporated in USA

 

 

 

Financial Data– Statutory Accounts

 

 

The organisation indicates its accounts are dormant.

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/12/2004

30/09/2003

30/09/2002

30/09/2001

Current Ratio

1.6

1.6

1.6

1.6

Long Term Debt/T.N.W

 

 

0.2

3

Pre Tax Profit Margin%

(26)

12.7

13.9

10.1

Gross Profit%

41.4

42

44

45.4

Debtors Days (D.S.O)

45

45

52

66

Creditors Days (D.P.O)

46

29

23

33

Quick Ratio

1.5

1.3

1

1

W.I.P/Inventory Days

17

51.1

78

88.7

Return on Investment%

(92.9)

35.3

40.2

25.5

Return on Assets%

(47.1)

19.1

25.4

17.1

T.N.W/Total Assets%

(4.6)

41.6

37.3

12

Return on Capital%

(96.7)

35.3

40.3

26.5

Rtn on Shareholders Funds%

(1119.7)

37.6

51.2

74.3

Working Capital/Sales%

17.3

17.9

12.4

12.4

Borrowing Ratio%

(10.8)

 

22.5

325.8

Equity Gearing%

4.4

103

98.8

30

Stock Turnover

36.6

12.3

8.4

7.5

Days Purchases Outstanding

78.1

50.2

41

60.3

Sales/Fixed Assets

68.1

12.2

8.8

6.3

Debt Gearing

 

 

22.4

304.5

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

1148

2265

2305

2332

Pre-Tax Profit Margin

4.4

3.8

5.6

5.5

Current Ratio

1.6

1.7

1.6

1.5

Borrowing Ratio

50.2

52.9

60.8

56.9

Return on Capital

16.9

18.2

23

28.4

Creditors Days

49

38

44

49

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of other general purpose machinery

 

 

 

Financial Summary

 

 

Non trading position

Accounts to 31/12/2009 show a non-trading position for the period.



FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.97

UK Pound

1

Rs.73.35

Euro

1

Rs.63.98

 

 

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

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.