Company Identification Details
|
Subject Reported on
|
PIX EUROPE LIMITED
|
|
Registration Number
|
03665031
|
|
VAT Number
|
GB732010689
|
|
Address
|
UNIT 24 FARTHING ROAD IND
EST, FARTHING ROAD,
IPSWICH, SUFFOLK, IP1 5AP.
|
|
Telephone
|
01473 744 612
|
|
Facsimile
|
01473 744 614
|
|
Email
|
info@pixeuro.com
|
|
Web Address
|
www.pixeuro.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 50,000
|
|
Legal Form
|
Private Limited
|
|
Registration Number
|
03665031
|
|
VAT Number
|
GB732010689
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
10/11/1998
|
|
Registered Office
|
UNIT 24 FARTHING ROAD IND
ESTATE, SPROUGHTON, IPSWICH, SUFFOLK,
IP1 5AP.
|
|
History
|
9/12/2004
: The Registered Office address changed from 11 FOXTAIL ROAD, RANSOMES INDUSTRIAL
ESTATE,.
|
|
|
15/05/1999
: The Registered Office address changed from 25 FIFTH AVENUE, BLUEBRIDGE
INDUSTRIA, HALSTE.
|
|
|
21/11/1998
: The Registered Office address changed from 47/49 GREEN LANE, NORTHWOOD,
MIDDLESEX HA6 3A.
|
|
Date of Last Annual Return to Registry
|
10/11/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to
31/03/2010
|
|
Accounting Reference Date
|
31/03
|
|
Activities
|
Manufacturers A group engaged in the importers and
distributors of transmission products for the automotive and agricultural
industry.
|
|
Premises
|
Owned,Offices,Warehouse
|
|
Staff Employed
|
63
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
BARCLAYS BANK PLC
|
|
Address
|
IPSWICH.
|
|
Sort Code
|
204451
|
|
Auditors
|
CBHC LLP
|
|
Subsidiaries
|
DISTAG
EURO LIMITED
|
|
|
PIX
HYDRAULICS EUROPE LIMITED
|
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
0
|
2
|
6
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most
recent 40 searches
|
|
Date
|
Description
|
|
18/11/2010
|
Other credit granting
|
|
18/11/2010
|
Other credit granting
|
|
06/10/2010
|
Miscellaneous
|
|
23/06/2010
|
Other credit granting
|
|
23/06/2010
|
Other credit granting
|
|
24/05/2010
|
Other business activities not elsewhere classified
|
|
09/03/2010
|
Regulation of the activities of agencies that provide
health care, education, cultural
|
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
|
2
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
2
|
|
|
|
|
Date of Latest Mortgage Created
|
01/07/2004
|
|
Date of Latest Satisfaction
|
10/03/2007
|
Details of most recent
Mortgages, Charges and Satisfactions
|
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
06/07/2004
|
01/07/2004
|
Legal Charge
|
395
|
Barclays Bank Plc
|
|
|
05/02/2003
|
21/01/2003
|
Debenture
|
395
|
Barclays Bank Plc
|
|
10/03/2007
|
27/06/2002
|
24/06/2002
|
Deed Of Rent Deposit
|
395
|
Allied Dunbar Assurance Plc
|
|
02/09/2005
|
19/02/2000
|
17/02/2000
|
Fixed Charge On Purchased Debts Which Fail To Vest
|
395
|
Hsbc Invoice Finance (Uk) 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
|
|
11/09/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
05/08/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
26/07/1999
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
10/07/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
21/11/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
12/11/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
Secretary
|
SHEILA THERESA DEACON
|
|
Service Address
|
UNIT 24 FARTHING ROAD IND
ESTATE, SPROUGHTON, IPSWICH, SUFFOLK,
IP1 5AP.
|
|
Country of Origin
|
IRISH REPUBLIC
|
|
Date of Birth
|
18/10/1964
|
|
Appointment Date
|
10/11/1998
|
|
Director
|
MR JOSEPH CHARLES DEACON
|
|
Service Address
|
MYSHALL, BAGENALSTOWN, CO CARLOW.
|
|
Country of Origin
|
IRISH REPUBLIC
|
|
Date of Birth
|
16/01/1965
|
|
Appointment Date
|
10/11/1998
|
|
Director
|
AMARPAL SETHI
|
|
Service Address
|
PALS 1ST
ROAD, TPS IV BANDRA, MUMBAI 400 050.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
29/12/1950
|
|
Appointment Date
|
26/04/1999
|
|
Director
|
RISHIPAL SETHI
|
|
Service Address
|
6
TREMLETT LANE, KESGRAVE, IPSWICH, SUFFOLK, IP5
2DJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
15/06/1973
|
|
Appointment Date
|
26/04/1999
|
|
Other Directorships
|
PIX HYDRAULICS EUROPE LIMITED
|
|
Operations Director
|
STEWART COLIN MITCHELL BOOTH
|
|
Service Address
|
29
PLUME AVENUE, MALDON, ESSEX, CM9 6LB.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
20/10/1956
|
|
Appointment Date
|
01/08/2005
|
|
Director
|
SONEPAL SETHI
|
|
Service Address
|
PAL'S BLDG. 1ST ROAD BANDRA, MUMBAI, MAHALASHTRA 400
050.
|
|
Country of Origin
|
INDIA
|
|
Date of Birth
|
16/09/1966
|
|
Appointment Date
|
27/06/2008
|
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
250,000
|
|
Principal Shareholder
|
125,000 Pix Transmissions Ltd
|
|
|
100,000 Joseph Charles Deacon
|
|
|
25,000 Sheila Theresa Deacon
|
|
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
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
|
|
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
SALES
|
9146
|
|
|
|
|
Cost of goods sold
|
5998
|
|
|
|
|
GROSS PROFIT
|
3148
|
2298
|
2664
|
|
|
Wages and Salaries
|
1388
|
741
|
845
|
|
|
Directors Emoluments
|
190
|
125
|
130
|
|
|
Auditors Fees
|
6
|
5
|
9
|
|
|
Non-Audit Fees
|
6
|
1
|
|
|
|
Trading Profit
|
375
|
347
|
580
|
|
|
Depreciation
|
157
|
128
|
131
|
|
|
OPERATING PROFIT
|
218
|
219
|
449
|
|
|
Interest Payable
|
180
|
153
|
199
|
|
|
PRE TAX PROFIT
|
38
|
66
|
250
|
|
|
Taxation
|
22
|
15
|
88
|
|
|
PROFIT AFTER TAX
|
16
|
51
|
162
|
|
|
Dividends Payable
|
|
|
50
|
|
|
RETAINED PROFITS
|
18
|
51
|
112
|
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
|
|
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
TOTAL FIXED ASSETS
|
2955
|
1988
|
2074
|
2029
|
|
Tangible Assets
|
2858
|
1988
|
2074
|
2029
|
|
Fixed Assets
|
1897
|
1919
|
2005
|
|
|
Intermediate assets
|
961
|
69
|
69
|
|
|
Intangible Assets
|
97
|
|
|
|
|
TOTAL CURRENT ASSETS
|
5160
|
4878
|
5034
|
3324
|
|
Trade debtors
|
2310
|
1815
|
2752
|
2275
|
|
Stocks
|
2667
|
1939
|
1182
|
1049
|
|
Other Current Assets
|
183
|
1124
|
1100
|
|
|
Misc Current Assets
|
103
|
59
|
106
|
|
|
Due From Group
|
77
|
1063
|
994
|
|
|
Cash
|
3
|
2
|
|
|
|
TOTAL ASSETS
|
8115
|
6866
|
7108
|
5353
|
|
TOTAL CURRENT LIABILITIES
|
5162
|
4173
|
4277
|
3275
|
|
Trade creditors
|
2427
|
3127
|
3202
|
3275
|
|
Short Term Loans
|
2126
|
897
|
771
|
|
|
Bank Overdraft
|
942
|
296
|
271
|
|
|
Bank Loans
|
263
|
273
|
158
|
|
|
Other Finance
|
26
|
28
|
42
|
|
|
Due To Group
|
745
|
150
|
150
|
|
|
Due To Directors
|
150
|
150
|
150
|
|
|
Other Liabilities
|
609
|
149
|
304
|
|
|
WORKING CAPITAL
|
(2)
|
705
|
757
|
49
|
|
TOTAL LONG TERM LIABS
|
2072
|
1953
|
2142
|
1501
|
|
Long Term Loans
|
2072
|
1923
|
2105
|
|
|
Bank Loans
|
1632
|
1899
|
2056
|
|
|
Other Finance
|
440
|
24
|
49
|
|
|
Other Liabilities
|
|
30
|
37
|
|
|
NET ASSETS/(LIABILITIES)
|
881
|
740
|
689
|
577
|
|
SHARE CAPITAL + RESERVES
|
881
|
740
|
689
|
577
|
|
Share Cap + Sundry Res
|
352
|
352
|
352
|
352
|
|
Issued Share Capital
|
352
|
352
|
352
|
|
|
Profit and Loss account
|
529
|
388
|
337
|
225
|
|
SHAREHOLDERS FUNDS
|
881
|
740
|
689
|
577
|
|
CAPITAL EMPLOYED
|
2953
|
2693
|
2831
|
2078
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
31/03/2007
|
|
Consolidated
|
Yes
|
|
|
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
Net Cashflow from Oper.
|
487
|
337
|
(81)
|
|
|
Increase in Cash
|
(72)
|
(23)
|
117
|
|
|
Directors Remuneration
|
190
|
125
|
130
|
|
|
Auditors Remuneration
|
6
|
5
|
9
|
|
|
Liquid Assets
|
2313
|
1817
|
2752
|
2275
|
|
Net Working Capital
|
(2)
|
705
|
757
|
49
|
|
Long Term Debt(>12 Months)
|
2072
|
1923
|
2105
|
|
|
Other Deferred Liabs
|
|
30
|
37
|
1501
|
|
Tangible Net Worth(T.N.W)
|
784
|
740
|
689
|
577
|
|
Equity
|
881
|
740
|
689
|
577
|
|
Number of Years Trading
|
12
|
11
|
10
|
9
|
|
Number of Employees
|
63
|
31
|
21
|
|
|
Profit per Employee
|
603.2
|
2129
|
11904.8
|
|
|
Sales per Employee
|
145174.6
|
|
|
|
|
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
|
|
|
|
|
Current Ratio
|
1
|
1.2
|
1.2
|
1
|
|
Long Term Debt/T.N.W
|
2.6
|
2.6
|
3.1
|
|
|
Pre Tax Profit Margin%
|
0.4
|
|
|
|
|
Gross Profit%
|
34.4
|
|
|
|
|
Debtors Days (D.S.O)
|
92
|
|
|
|
|
Creditors Days (D.P.O)
|
97
|
|
|
|
|
Quick Ratio
|
0.5
|
0.7
|
0.9
|
0.7
|
|
W.I.P/Inventory Days
|
162.3
|
|
|
|
|
Return on Investment%
|
4.3
|
6.1
|
12.5
|
|
|
Return on Assets%
|
0.5
|
1
|
3.5
|
|
|
T.N.W/Total Assets%
|
9.7
|
10.8
|
9.7
|
10.8
|
|
Return on Capital%
|
1.3
|
2.5
|
8.8
|
|
|
Rtn on Shareholders Funds%
|
4.3
|
8.9
|
36.3
|
|
|
Borrowing Ratio%
|
535.5
|
381.1
|
417.4
|
|
|
Equity Gearing%
|
12.2
|
12.1
|
10.7
|
12.1
|
|
Stock Turnover
|
3.4
|
|
|
|
|
Days Purchases Outstanding
|
147.7
|
|
|
|
|
Sales/Fixed Assets
|
4.8
|
|
|
|
|
Debt Gearing
|
264.3
|
259.9
|
305.5
|
|
|
Auditors Qualification
|
|
The Auditors have qualified
their opinion on the accounts for 31/03/2010. The qualification relates to
scope limitation which may include valuation of stock. Such matters may
impact upon aspects of the financial results.
|
|
Only Turnover
|
|
Turnover for the year was
9,146,000.
|
|
Operating Profit
|
|
Totalled EUR 218,000. In the
year prior a Profit of EUR 219,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit
decreased by 42 % over the previous year.
|
|
Working Capital
|
|
The company's working
capital position has reduced from a surplus and is now a deficiency of EUR
2,000.
|
|
Net Worth
|
|
Net worth has increased by
19 % and now stands at EUR 881,000.
|
|
Fixed Assets
|
|
The subject's fixed assets
increased during the year by EUR 967,000 to EUR 2,955,000 and are now 36 %
of total assets compared with 28 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term
liabilities increased during the period by 6% and are now 235 % of net
worth compared with 264 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are
now 26 % of total liabilities compared with 28 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 70
% of capital employed, a decrease of 3 % over the previous period.
|
|
