MIRA
INFORM REPORT
|
Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
THOMPSON LLOYD & EWART LIMITED |
|
|
|
|
Registered Office : |
Thompson House 42-44 Dolben Street London SE1 0UQ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2010 |
|
|
|
|
Date of Incorporation : |
18.09.1974 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-Specialised Wholesale of Food, Beverages & Tobacco |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
£90,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Usually Correct |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
THOMPSON LLOYD & EWART LIMITED |
Company Number |
01184467 |
|
Registered Address |
THOMPSON HOUSE |
Trading Address |
Thompson House |
|
|
42-44 DOLBEN STREET |
|
|
|
|
LONDON |
|
|
|
|
SE1 0UQ |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
02076202305 |
Fax Number |
02076202304 |
|
TPS |
No |
FPS |
Yes |
|
Incorporation Date |
18/09/1974 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
|
|
Filing Date of Accounts |
15/01/2011 |
|
Date of Change |
- |
Share Capital |
£6,000 |
|
Sic Code |
5139 |
Currency |
GBP |
|
Sic Description |
NON-SPECIALISED WHOLESALE OF FOOD, BEVERAGES & TOBACCO |
||
|
Principal Activity |
A group engaged in tea broking and merchandising. |
||
CREDIT recommendation
Current Credit Limit: £90,000
Credit Rating / Limit additional comments:
|
Todays Limit |
Limit History
|
Date |
Limit |
|
22/01/2011 |
£90,000 |
|
01/11/2010 |
£100,000 |
|
11/11/2009 |
£65,000 |
|
05/03/2009 |
£160,000 |
|
21/02/2008 |
£40,000 |
|
06/05/2006 |
£40,000 |
|
15/11/2005 |
£60,000 |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
8 |
Current
Directors
|
Name |
Date of Birth |
07/08/1957 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Director |
|
Appointment Date |
06/11/1992 |
|
|
|
Address |
Horns Cottage, Delmonden Lane, Hawkhurst, TN18 4XB |
||
|
|
|
|
|
|
Name |
Date of Birth |
02/04/1956 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
06/11/1992 |
|
|
|
Address |
Upper Tolhurst Farm, Birchetts Green Lane,
Ticehurst, TN5 7LN |
||
|
|
|
|
|
|
Name |
Date of Birth |
03/11/1967 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
01/05/1996 |
|
|
|
Address |
The Old Dairy, Micklefield Hall Farm, Sarratt Road,
Sarratt, WD3 6AQ |
||
|
|
|
|
|
Current
Company Secretary
|
Name |
Date of Birth |
07/08/1957 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Company Secretary |
|
Appointment Date |
23/07/2004 |
|
|
|
Address |
Horns Cottage, Delmonden Lane, Hawkhurst, TN18 4XB |
||
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
|
Individual Share Value |
|
|
MR D.T. HENDERSON |
2,000 ORDINARY GBP 1.00 |
|
MR R.H.L. HARRISON |
2,000 ORDINARY GBP 1.00 |
|
MR E.K.C. FOSTER |
2,000 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Mortgage Summary
|
Outstanding |
4 |
|
Satisfied |
3 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure Summary
|
Company Name |
THOMPSON LLOYD & EWART LIMITED |
Company Number |
01184467 |
|
Holding Company |
THOMPSON LLOYD & EWART LIMITED |
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
THOMPSON LLOYD & EWART LIMITED |
Companies in group |
4 |
Group structure
|
Company Name |
|
Safe Number |
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Rating |
Limit |
Turnover |
|
|
|
|
|
|
|
|
|
|
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/04/2010 |
£40,534,229 |
£885,635 |
£1,990,234 |
27 |
|
30/04/2009 |
£30,547,610 |
£564,287 |
£1,206,083 |
26 |
|
30/04/2008 |
£22,958,087 |
£253,421 |
£1,011,653 |
26 |
Profit & Loss
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
|
Turnover |
£40,534,229 |
32.7% |
£30,547,610 |
33.1% |
£22,958,087 |
-0.6% |
|
Export |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£38,414,812 |
- |
£28,820,998 |
- |
£21,549,000 |
- |
|
Gross Profit |
£2,119,417 |
22.8% |
£1,726,612 |
22.5% |
£1,409,087 |
-3.3% |
|
Wages & Salaries |
£1,041,095 |
-9% |
£1,144,153 |
227.4% |
£349,478 |
32.9% |
|
Directors Emoluments |
£545,933 |
-1.3% |
£553,206 |
25.5% |
£440,693 |
18.2% |
|
Operating Profit |
£761,647 |
66.4% |
£457,703 |
76.6% |
£259,220 |
-40.5% |
|
Depreciation |
£12,496 |
-66.4% |
£37,147 |
-8.2% |
£40,470 |
-2.7% |
|
Audit Fees |
£11,381 |
-1.4% |
£11,541 |
-27.8% |
£15,986 |
74.7% |
|
Interest Payments |
£111,203 |
-12% |
£126,321 |
-41.4% |
£215,438 |
1.6% |
|
Pre Tax Profit |
£885,635 |
56.9% |
£564,287 |
122.7% |
£253,421 |
-38.5% |
|
Taxation |
-£267,856 |
-97.5% |
-£135,630 |
-101% |
-£67,470 |
49.1% |
|
Profit After Tax |
£617,779 |
44.1% |
£428,657 |
130.5% |
£185,951 |
-33.5% |
|
Dividends Payable |
£455,694 |
80.5% |
£252,501 |
99.6% |
£126,531 |
40.6% |
|
Retained Profit |
£162,085 |
-8% |
£176,156 |
404.8% |
£34,894 |
-67.7% |
|
Date Of Accounts |
30/04/07 |
(%) |
30/04/06 |
|
Weeks |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
|
Turnover |
£23,103,435 |
87% |
£12,358,000 |
|
Export |
- |
- |
- |
|
Cost of Sales |
£21,646,926 |
91.6% |
£11,296,000 |
|
Gross Profit |
£1,456,509 |
37% |
£1,063,000 |
|
Wages & Salaries |
£262,997 |
-0.4% |
£264,000 |
|
Directors Emoluments |
£372,807 |
8.7% |
£343,000 |
|
Operating Profit |
£435,441 |
262.9% |
£120,000 |
|
Depreciation |
£41,594 |
15.5% |
£36,000 |
|
Audit Fees |
£9,150 |
-8.5% |
£10,000 |
|
Interest Payments |
£211,977 |
34.2% |
£158,000 |
|
Pre Tax Profit |
£412,150 |
115.8% |
£191,000 |
|
Taxation |
-£132,647 |
-150.3% |
-£53,000 |
|
Profit After Tax |
£279,503 |
102.5% |
£138,000 |
|
Dividends Payable |
£90,000 |
-40% |
£150,000 |
|
Retained Profit |
£108,106 |
515.8% |
-£26,000 |
Balance Sheet
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Tangible Assets |
£1,699,656 |
40.5% |
£1,209,296 |
-2.8% |
£1,243,962 |
-2.3% |
£1,273,386 |
11.7% |
£1,140,000 |
|
Intangible Assets |
-£32,376 |
30.2% |
-£46,405 |
23.2% |
-£60,433 |
-165.1% |
-£22,796 |
-181.4% |
£28,000 |
|
Total Fixed Assets |
£1,667,280 |
43.4% |
£1,162,891 |
-1.7% |
£1,183,529 |
-5.4% |
£1,250,590 |
12.5% |
£1,112,000 |
|
Stock |
£359,371 |
26.8% |
£283,420 |
52.2% |
£186,227 |
-52.3% |
£390,339 |
1.7% |
£384,000 |
|
Trade Debtors |
£10,041,070 |
80.7% |
£5,557,043 |
23.6% |
£4,495,876 |
-1.9% |
£4,582,324 |
17.2% |
£3,909,000 |
|
Cash |
£798,299 |
-11.9% |
£906,275 |
58.2% |
£572,776 |
96.9% |
£290,956 |
-6.7% |
£312,000 |
|
Other Debtors |
£581,446 |
0.7% |
£577,168 |
9.1% |
£528,897 |
0.2% |
£527,612 |
25.6% |
£420,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£11,780,186 |
60.8% |
£7,323,906 |
26.6% |
£5,783,776 |
-0.1% |
£5,791,231 |
15.2% |
£5,025,000 |
|
Trade Creditors |
£3,757,705 |
99.6% |
£1,882,340 |
3.5% |
£1,819,250 |
4.1% |
£1,747,910 |
149.3% |
£701,000 |
|
Bank Loans & Overdrafts |
£5,395,438 |
65.8% |
£3,254,571 |
40.6% |
£2,314,757 |
-15.5% |
£2,738,348 |
-10.7% |
£3,065,000 |
|
Other Short Term Finance |
£225,000 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£68,000 |
|
Miscellaneous Current Liabilities |
£1,529,505 |
15.9% |
£1,319,835 |
31.2% |
£1,006,053 |
34.8% |
£746,511 |
11.4% |
£670,000 |
|
Total Current Liabilities |
£10,907,648 |
68.9% |
£6,456,746 |
25.6% |
£5,140,060 |
-1.8% |
£5,232,769 |
16.2% |
£4,505,000 |
|
Bank Loans & Overdrafts and LTL |
£5,945,022 |
45.8% |
£4,078,539 |
30.3% |
£3,130,349 |
-13.6% |
£3,624,447 |
-7.4% |
£3,916,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£544,000 |
|
Total Long Term Liabilities |
£549,584 |
-33.3% |
£823,968 |
1% |
£815,592 |
-8% |
£886,099 |
4.1% |
£851,000 |
Capital & Reserves
|
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
|
Called Up Share Capital |
£6,000 |
- |
£6,000 |
- |
£6,000 |
- |
£6,000 |
- |
£6,000 |
|
P & L Account Reserve |
£1,034,919 |
40.9% |
£734,763 |
40.1% |
£524,526 |
5% |
£499,508 |
29.1% |
£387,000 |
|
Revaluation Reserve |
£947,035 |
104.5% |
£463,040 |
-3.3% |
£478,847 |
15.3% |
£415,165 |
7.6% |
£386,000 |
|
Sundry Reserves |
£2,280 |
- |
£2,280 |
- |
£2,280 |
- |
£2,280 |
14% |
£2,000 |
|
Shareholder Funds |
£1,990,234 |
65% |
£1,206,083 |
19.2% |
£1,011,653 |
9.6% |
£922,953 |
18.2% |
£781,000 |
Other Financial Items
|
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
|
Net Worth |
£2,022,610 |
61.5% |
£1,252,488 |
16.8% |
£1,072,086 |
13.4% |
£945,749 |
25.6% |
£753,000 |
|
Working Capital |
£872,538 |
0.6% |
£867,160 |
34.7% |
£643,716 |
15.3% |
£558,462 |
7.4% |
£520,000 |
|
Total Assets |
£13,447,466 |
58.5% |
£8,486,797 |
21.8% |
£6,967,305 |
-1.1% |
£7,041,821 |
14.7% |
£6,137,000 |
|
Total Liabilities |
£11,457,232 |
57.4% |
£7,280,714 |
22.2% |
£5,955,652 |
-2.7% |
£6,118,868 |
14.2% |
£5,356,000 |
|
Net Assets |
£1,990,234 |
65% |
£1,206,083 |
19.2% |
£1,011,653 |
9.6% |
£922,953 |
18.2% |
£781,000 |
Cash Flow
|
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
|
Net Cashflow from Operations |
-£1,668,864 |
-367% |
-£357,352 |
-136.7% |
£973,650 |
37.6% |
£707,342 |
-24.3% |
£934,000 |
|
Net Cashflow before Financing |
-£2,180,842 |
-305.1% |
-£538,317 |
-169.6% |
£773,410 |
72.6% |
£448,004 |
-62.3% |
£1,187,000 |
|
Net Cashflow from Financing |
-£68,001 |
0% |
-£68,000 |
- |
-£68,000 |
7.7% |
-£73,666 |
-8.3% |
-£68,000 |
|
Increase in Cash |
-£2,248,843 |
-270.9% |
-£606,317 |
-186% |
£705,410 |
88.4% |
£374,338 |
-70.2% |
£1,255,000 |
Miscellaneous
|
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
YES |
- |
NO |
- |
YES |
|
Capital Employed |
£2,539,818 |
25.1% |
£2,030,051 |
11.1% |
£1,827,245 |
1% |
£1,809,052 |
10.8% |
£1,632,000 |
|
Number of Employees |
27 |
3.8% |
26 |
- |
26 |
- |
26 |
- |
26 |
Ratios
|
30/04/10 |
30/04/09 |
30/04/08 |
30/04/07 |
30/04/06 |
|
|
Pre-tax profit margin % |
2.18 |
1.85 |
1.10 |
1.78 |
1.55 |
|
Current ratio |
1.08 |
1.13 |
1.13 |
1.11 |
1.12 |
|
Sales/Net Working Capital |
46.46 |
35.23 |
35.66 |
41.37 |
- |
|
Gearing % |
298.70 |
338.20 |
309.40 |
392.70 |
501.40 |
|
Equity in % |
14.80 |
14.10 |
14.40 |
13.10 |
12.70 |
|
Creditor Days |
33.74 |
22.42 |
28.84 |
27.54 |
20.70 |
|
Debtor Days |
90.16 |
66.21 |
71.28 |
72.20 |
115.45 |
|
Liquidity/Acid Test |
1.04 |
1.09 |
1.08 |
1.03 |
1.03 |
|
Return On Capital Employed % |
34.87 |
27.79 |
13.86 |
22.78 |
11.70 |
|
Return On Total Assets Employed % |
6.58 |
6.64 |
3.63 |
5.85 |
3.11 |
|
Current Debt Ratio |
5.48 |
5.35 |
5.08 |
5.66 |
5.77 |
|
Total Debt Ratio |
5.75 |
6.03 |
5.88 |
6.62 |
6.86 |
|
Stock Turnover Ratio % |
0.88 |
0.92 |
0.81 |
1.69 |
3.11 |
|
Return on Net Assets Employed % |
44.49 |
46.78 |
25.05 |
44.66 |
24.46 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
No exact match CCJs are recorded against the company. |
|
The company's credit rating has dropped from 83 to 67 but the company
still indicates good creditworthiness. |
|
The credit limit on this company has fallen 10% in comparison to the
previously suggested credit limit. |
|
The previous 12 month trading period saw a rise in Sales of 32.7%. |
|
In the previous 12 month trading period Net Worth increased by 61.5%. |
|
A 58.5% growth in Total Assets occurred in the previous 12 month trading
period. |
|
Pre-tax profits increased by 56.9% in the previous 12 month trading
period. |
|
The company saw an decrease in their Cash Balance of 11.9% 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 was established over 36 years ago. |
|
Auditors |
GREENAWAY |
|
Auditor Comments |
The audit report contains no adverse comments |
|
Bankers |
THE ROYAL BANK OF SCOTLAND PLC |
|
Bank Branch Code |
|
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
22/01/2011 |
New Accounts Filed |
|
22/01/2011 |
New Accounts Filed |
|
12/11/2010 |
Annual Returns |
|
24/12/2009 |
Annual Returns |
|
21/12/2009 |
New Accounts Filed |
|
21/12/2009 |
New Accounts Filed |
|
13/11/2009 |
Annual Returns |
|
19/12/2008 |
New Accounts Filed |
|
25/11/2008 |
Annual Returns |
|
21/02/2008 |
New Accounts Filed |
|
29/11/2007 |
Annual Returns |
|
10/04/2007 |
New Accounts Filed |
|
24/01/2006 |
New Accounts Filed |
|
22/01/2005 |
EMMA LOUISEOGILVIE has left the board |
Previous Company Names
|
No Previous Names found |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.12 |
|
|
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.87 |
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.