Company Identification Details
|
Subject Reported on
|
BUHLER SORTEX LIMITED
|
|
Registration Number
|
00434274
|
|
Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Telephone
|
0207 055 7777
|
|
Facsimile
|
0207 055 7700
|
|
Email
|
sales@buhlersortex.com
|
|
Web Address
|
www.buhlergroup.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 1,125,000
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
00434274
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
01/05/1947
|
|
Registered Office
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
History
|
25/07/2007 : The
Registered Office address changed from PUDDING MILL LANE, STRATFORD,
LONDON, E15 2P.
|
|
|
9/07/2007 : Change
of name from SORTEX LIMITED.
|
|
|
31/10/1985 : Change
of name from GUNSON'S SORTEX LIMITED.
|
|
Date of Last Annual Return to Registry
|
01/05/2011
|
|
Registered Objectives
|
TO CARRY ON BUSINESS AS FLORISTS
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2010
|
|
Accounting Reference Date
|
31/12
|
Operations
|
Activities
|
The manufacture & distribution of electronic colour sorters
& vision systems and the manufacture & instln of cleaning & sorting
machinery for the food and agriculture industries.
|
|
Nace Code
|
3320
|
|
Premises
|
Offices,Factory,HEAD OFFICE
|
|
Staff Employed
|
223
|
|
Bankers
|
HAMBROS BANK
|
|
Address
|
41 BISHOPSGATE.
|
|
Sort Code
|
609245
|
|
Auditors
|
Bourner Bullock
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
25/05/2011
|
1,125,000
|
|
25/02/2011
|
475,000
|
|
25/11/2010
|
475,000
|
|
25/08/2010
|
475,000
|
|
25/05/2010
|
475,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
2
|
6
|
13
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
11/04/2011
|
Miscellaneous
|
|
11/03/2011
|
Manufacture of pumps and compressors
|
|
19/02/2011
|
Other credit granting
|
|
17/02/2011
|
Activities of other transport agencies
|
|
01/02/2011
|
Other credit granting
|
|
28/01/2011
|
Miscellaneous
|
|
16/11/2010
|
Other credit granting
|
|
16/11/2010
|
Other credit granting
|
|
03/11/2010
|
Other credit granting
|
|
29/10/2010
|
Other credit granting
|
|
26/10/2010
|
Activities of other transport agencies
|
|
06/10/2010
|
Manufacture of pumps and compressors
|
|
08/09/2010
|
Labour recruitment and provision of personnel
|
|
17/05/2010
|
Other credit granting
|
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
|
9
|
|
Number Outstanding
|
0
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
9
|
|
|
|
|
Date of Latest Mortgage Created
|
27/01/1999
|
|
Date of Latest Satisfaction
|
22/12/2004
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
22/12/2004
|
28/01/1999
|
27/01/1999
|
Legal Charge
|
395
|
Generale Bank Nv - Generale De Banque Sa
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
Brown Shipley & Co. Ltd.
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
Henry Ansbachen And Company Limited
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
National Westminster Bank Plc
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
Hambros Bank Ltd.
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
Barclays Bank Plc
|
|
|
19/12/1980
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
Clydesdale Bank Ltd.
|
|
07/06/1985
|
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
|
|
07/06/1985
|
|
12/12/1980
|
Guarantee Debenture
|
N/A
|
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
16/05/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
08/04/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
27/01/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
28/02/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
02/09/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
05/08/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
06/02/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
07/01/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
13/08/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
19/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
20/10/2000
|
Companies House Gazette
|
Change among directors of a company
|
|
26/06/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
08/06/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
17/11/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
14/07/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
18/06/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
01/04/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
20/03/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
11/03/1998
|
Companies House Gazette
|
Change among directors of a company
|
|
16/01/1998
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
MR NIGEL HOWARD WILSON
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
20/01/1961
|
|
Appointment Date
|
31/03/1998
|
|
Other Directorships
|
SORTEX LIMITED
|
Directors
|
Sales Director
|
MR ALAN HILLARY
|
|
Service Address
|
1 CAMERON CLOSE, CRANLEIGH, SURREY, GU6 8EB.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
23/11/1953
|
|
Appointment Date
|
23/06/1998
|
|
Financial Director
|
MR NIGEL HOWARD WILSON
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
20/01/1961
|
|
Appointment Date
|
06/11/1998
|
|
Other Directorships
|
SORTEX LIMITED
|
|
Director
|
MR COLIN DAVID CHAFFERS
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
04/10/1955
|
|
Appointment Date
|
16/06/1998
|
|
Marketing Director
|
MR CHARITH ABEYSINGHE GUNAWARDENA
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
05/12/1961
|
|
Appointment Date
|
25/09/2000
|
|
Director
|
MR HAMID REZA KEFAYATI
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
06/10/1956
|
|
Appointment Date
|
18/07/2003
|
|
President
|
MR BRUNO MENDLER
|
|
Service Address
|
BACHTELSTRASSE 11, SCHAFFHAUSEN, 8200.
|
|
Country of Origin
|
SWITZERLAND
|
|
Date of Birth
|
20/11/1954
|
|
Appointment Date
|
01/01/2004
|
|
Other Directorships
|
CONTROL DESIGN AND DEVELOPMENT LIMITED, SORTEX LIMITED
|
|
Director
|
MR NICHOLAS JOHN WILKINS
|
|
Service Address
|
THE OLD RECTORY, CHURCH ROAD, ARDLEY, OXFORDSHIRE, OX27 7NP.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
15/09/1958
|
|
Appointment Date
|
01/08/2005
|
|
Other Directorships
|
SORTEX LIMITED
|
|
Director
|
MR MATTHEW IAN KELLY
|
|
Service Address
|
20 ATLANTIS AVENUE, LONDON, E16 2BF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
13/05/1975
|
|
Appointment Date
|
18/04/2011
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,250,000
|
|
Principal Shareholder
|
1,250,000 Buhler UK Holdings Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
BUHLER UK HOLDINGS LIMITED
|
|
Ultimate Parent
|
BUHLER
HOLDINGS AG, a company incorporated in SWITZERLAND
|
Financial Data– Statutory Accounts
Profit and Loss
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
84611
|
63406
|
46058
|
36615
|
|
UK sales
|
708
|
721
|
741
|
640
|
|
Export
|
83903
|
62685
|
45317
|
35975
|
|
Cost of goods sold
|
51943
|
40914
|
32864
|
26927
|
|
GROSS PROFIT
|
32668
|
22492
|
13194
|
9688
|
|
Wages and Salaries
|
7443
|
6545
|
6075
|
5495
|
|
Directors Emoluments
|
1253
|
1064
|
1033
|
922
|
|
Auditors Fees
|
49
|
36
|
33
|
40
|
|
Non-Audit Fees
|
13
|
23
|
27
|
4
|
|
Trading Profit
|
26055
|
16487
|
9636
|
5302
|
|
Depreciation
|
734
|
665
|
733
|
378
|
|
OPERATING PROFIT
|
25321
|
15822
|
8903
|
4924
|
|
Non Trading Income
|
230
|
288
|
297
|
33
|
|
Interest Payable
|
233
|
321
|
780
|
122
|
|
PRE TAX PROFIT
|
25318
|
15789
|
8420
|
4835
|
|
Taxation
|
7110
|
4541
|
2559
|
1151
|
|
PROFIT AFTER TAX
|
18208
|
11248
|
5861
|
3684
|
|
Dividends Payable
|
11000
|
7000
|
2500
|
3000
|
|
RETAINED PROFITS
|
7208
|
4248
|
5861
|
684
|
Balance Sheet
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
12684
|
13019
|
13193
|
13327
|
|
Tangible Assets
|
12684
|
13019
|
13193
|
13327
|
|
Fixed Assets
|
12684
|
13019
|
13193
|
13327
|
|
TOTAL CURRENT ASSETS
|
43656
|
35822
|
23283
|
17664
|
|
Trade debtors
|
16445
|
13837
|
2438
|
4097
|
|
Stocks
|
6734
|
5509
|
5194
|
4803
|
|
Other Current Assets
|
20477
|
16476
|
15651
|
8764
|
|
Misc Current Assets
|
1709
|
1408
|
915
|
887
|
|
Due From Group
|
4027
|
5086
|
4659
|
6078
|
|
Cash
|
14741
|
9982
|
10077
|
1799
|
|
TOTAL ASSETS
|
56340
|
48841
|
36476
|
30991
|
|
TOTAL CURRENT LIABILITIES
|
18643
|
17725
|
10668
|
10208
|
|
Trade creditors
|
3655
|
3075
|
2416
|
1949
|
|
Short Term Loans
|
530
|
1072
|
822
|
2788
|
|
Other Finance
|
|
|
|
2000
|
|
Due To Group
|
530
|
1072
|
822
|
788
|
|
Other Liabilities
|
14458
|
13578
|
7430
|
5471
|
|
WORKING CAPITAL
|
25013
|
18097
|
12615
|
7456
|
|
TOTAL LONG TERM LIABS
|
8385
|
9137
|
7383
|
5875
|
|
Other Liabilities
|
8385
|
9137
|
7383
|
5875
|
|
NET ASSETS/(LIABILITIES)
|
29312
|
21979
|
18425
|
14908
|
|
SHARE CAPITAL + RESERVES
|
29312
|
21979
|
18425
|
14908
|
|
Share Cap + Sundry Res
|
1250
|
1250
|
1250
|
1250
|
|
Issued Share Capital
|
1250
|
1250
|
1250
|
1250
|
|
Profit and Loss account
|
28062
|
20729
|
17175
|
13658
|
|
SHAREHOLDERS FUNDS
|
29312
|
21979
|
18425
|
14908
|
|
CAPITAL EMPLOYED
|
37697
|
31116
|
25808
|
20783
|
Financial Comparison
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
1253
|
1064
|
1033
|
922
|
|
Auditors Remuneration
|
49
|
36
|
33
|
40
|
|
Liquid Assets
|
31186
|
23819
|
12515
|
5896
|
|
Net Working Capital
|
25013
|
18097
|
12615
|
7456
|
|
Other Deferred Liabs
|
8385
|
9137
|
7383
|
5875
|
|
Tangible Net Worth(T.N.W)
|
29312
|
21979
|
18425
|
14908
|
|
Equity
|
29312
|
21979
|
18425
|
14908
|
|
Number of Years Trading
|
63
|
62
|
61
|
60
|
|
Number of Employees
|
223
|
193
|
174
|
171
|
|
Profit per Employee
|
113533.6
|
81808.3
|
48390.8
|
28274.9
|
|
Sales per Employee
|
379421.5
|
328528.5
|
264701.1
|
214122.8
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Current Ratio
|
2.3
|
2
|
2.2
|
1.7
|
|
Pre Tax Profit Margin%
|
29.9
|
24.9
|
18.3
|
13.2
|
|
Gross Profit%
|
38.6
|
35.5
|
28.6
|
26.5
|
|
Debtors Days (D.S.O)
|
71
|
80
|
19
|
41
|
|
Creditors Days (D.P.O)
|
16
|
18
|
19
|
19
|
|
Quick Ratio
|
2
|
1.7
|
1.7
|
1.3
|
|
W.I.P/Inventory Days
|
47.3
|
49.1
|
57.7
|
65.1
|
|
Return on Investment%
|
66.8
|
50
|
34.5
|
21
|
|
Return on Assets%
|
44.9
|
32.3
|
23.1
|
15.6
|
|
T.N.W/Total Assets%
|
52
|
45
|
50.5
|
48.1
|
|
Return on Capital%
|
67.2
|
50.7
|
32.6
|
23.3
|
|
Rtn on Shareholders Funds%
|
86.4
|
71.8
|
45.7
|
32.4
|
|
Working Capital/Sales%
|
29.6
|
28.5
|
27.4
|
20.4
|
|
Borrowing Ratio%
|
1.8
|
4.9
|
4.5
|
18.7
|
|
Equity Gearing%
|
108.5
|
81.8
|
102.1
|
92.7
|
|
Stock Turnover
|
12.6
|
11.5
|
8.9
|
7.6
|
|
Days Purchases Outstanding
|
25.7
|
27.4
|
26.8
|
26.4
|
|
Sales/Fixed Assets
|
6.7
|
4.9
|
3.5
|
2.7
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
490
|
839
|
901
|
938
|
|
Pre-Tax Profit Margin
|
6
|
4.3
|
5
|
5.1
|
|
Current Ratio
|
2.4
|
2.3
|
2
|
2
|
|
Borrowing Ratio
|
35.1
|
21.4
|
51
|
47.1
|
|
Return on Capital
|
16.2
|
18.3
|
25.8
|
20.8
|
|
Creditors Days
|
41
|
39
|
50
|
46
|
|
Above figures relate to companies in 2003 Standard Industry Classification
(Nace) sector : Manufacture of instruments and appliances for measuring,
checking, testing, navigating
|
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 31/12/2010.
Turnover
Turnover increased by 33 % in the period and now totals
GBP 84,611,000.
Operating Profit
Totalled GBP 25,321,000. In the year prior a Profit of GBP
15,822,000 was achieved.
Pre Tax Profit
The subject's profit increased by 60 % in the year.
Working Capital
The company's working capital has increased by 38 % in the
period.
Net Worth
Net worth has increased by 33 % and now stands at GBP
29,312,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP
335,000 to GBP 12,684,000 and are now 22 % of total assets compared with 26 %
in the previous year.
Long Term Liabilities
The company's long term liabilities reduced during the
period by 8 % and are now 29 % of net worth compared with 42 % in the
previous period.
Long Term Liabilities
Long term liabilities are now 15 % of total liabilities
compared with 19 % in the previous period.
Long Term Liabilities
Long term liabilities are 22 % of capital employed, a
decrease of 7 % over the previous period.
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