Company Identification Details
|
Subject Reported on
|
BWI PLC
|
|
Registration Number
|
00490893
|
|
VAT Number
|
GB618602937
|
|
Address
|
KNOWSLEY BUSINESS PARK, KITLING ROAD, PRESCOT, MERSEYSIDE, L34 9JS.
|
|
Telephone
|
0151 547 8000
|
|
Facsimile
|
0151 547 8001
|
|
Web Address
|
www.oystar.manesty.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 1,110,000
|
Official Company Data
|
Legal Form
|
Public Limited Company
|
|
Registration Number
|
00490893
|
|
VAT Number
|
GB618602937
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
25/01/1951
|
|
Registered Office
|
KITLING ROAD, KNOWSLEY, MERSEYSIDE, L34 9JS.
|
|
History
|
1/05/2004 : The
Registered Office address changed from PRINCES EXCHANGE, PRINCES SQUARE,
LEEDS, WEST.
|
|
|
Previously located
at EVANS ROAD, LIVERPOOL, L24 9PB.
|
|
|
1/09/2000 : The
Registered Office address changed from ATLANTIC STREET, BROADHEATH,
ALTRINCHAM, CHES.
|
|
|
1/01/1996 : Change
of name from BARRY WEHMILLER INTERNATIONAL PLC.
|
|
|
Acquired business of
VISTECH INC on 9/1992.
|
|
|
Acquired business of
ROCKWELL PACKAGING MACHINES LTD on 30/04/1992.
|
|
|
Acquired business of
HILLS OF HULL LTD (FOR GBP 300K) on 22/01/1990.
|
|
|
Acquired business of
MANEST MACHINES LTD (FOR GBP 6.75M) on 22/01/1990.
|
|
|
Acquired business of
MELVILLE ENGINEERING LTD (GOR GBP 92) on 22/01/1990.
|
|
|
19/05/1987 : Change
of name from BARRY-WEHMILLER LIMITED.
|
|
Date of Last
Annual Return to Registry
|
10/12/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2010
|
|
Accounting
Reference Date
|
31/12
|
Operations
|
Activities
|
The design, manufacture & supply of a range of machinery for the
pharmaceutical, aerosol, food & beverage industries, incl. tablet
presses, coating machines & handling equipment.
|
|
Nace Code
|
2956
|
|
Premises
|
Leased,Offices,Factory
|
|
Staff Employed
|
162
|
|
Trading Divisions
|
VISION SYSTEMS DIV, BWI MANESTY, PHARMACEUTICAL & GENERAL
PACKAGING, FOOD PACKAGING EQUIPMENT DIVISION
|
|
Trade Names
|
BWI MANESTY, OYSTAR AEROFILL DAWSON, OYSTAR MANESTY
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
MANCHESTER.
|
|
Sort Code
|
403124
|
|
Auditors
|
PricewaterhouseCoopers LLP
|
|
Branches
|
RONALD CLOSE, WOBURN
ROAD INDUSTRIAL ESTATE, KEMPSTON, BEDFORD.
|
|
|
DAWSON PACKAGING
MACHINERY, GOMERSAL WORKS, GOMERSAL, CLECKHEATON.
|
|
|
1 STEPHENSON WAY,
THETFORD, NORFOLK, IP24 3RU.
|
|
|
PACKAGING HOUSE,
NEWMARKET ROAD, BURY ST EDMUNDS, SUFFOLK, IP33 3SN.
|
|
Subsidiaries
|
B W INTERNATIONAL
(HOLDINGS) LIMITED
|
|
|
BARRY WEHMILLER
LIMITED
|
|
|
CALEB DUCKWORTH
LIMITED
|
|
|
MANESTY MACHINES
LIMITED
|
|
|
THOMAS HILL
ENGINEERING COMPANY(HULL).LIMITED(THE)
|
Historical Graydon Rating
|
Date
|
Monthly Credit Guide
|
|
08/09/2011
|
1,110,000
|
|
08/06/2011
|
1,110,000
|
|
08/03/2011
|
790,000
|
|
08/12/2010
|
787,000
|
|
08/09/2010
|
817,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
0
|
3
|
10
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
26/04/2011
|
Other retail sale in specialised stores
|
|
14/03/2011
|
Other retail sale in specialised stores
|
|
14/03/2011
|
Other retail sale in specialised stores
|
|
15/02/2011
|
Manufacture of pumps and compressors
|
|
14/02/2011
|
Manufacture of pumps and compressors
|
|
15/12/2010
|
Miscellaneous
|
|
25/10/2010
|
Manufacture of pumps and compressors
|
|
25/10/2010
|
Miscellaneous
|
|
15/10/2010
|
Other financial intermediation not elsewhere classified
|
|
15/09/2010
|
Miscellaneous
|
|
19/08/2010
|
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
|
10
|
|
Number Outstanding
|
1
|
|
Number Partially Satisfied
|
1
|
|
Number Satisfied
|
8
|
|
|
|
|
Date of Latest Mortgage Created
|
21/12/2009
|
|
Date of Latest Partial Satisfaction
|
07/05/2008
|
|
Date of Latest Satisfaction
|
16/03/2007
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
23/12/2009
|
21/12/2009
|
Debenture
|
MG01
|
Commerzbank Aktiengesellschaft, Filale Luxemburg
|
|
|
22/06/2007
|
13/06/2007
|
Debenture
|
395
|
Dresdner Bank Ag, Niederlassung Luxembourg (The Security Age
|
|
16/03/2007
|
28/12/2001
|
28/12/2001
|
Chattels Mortgage
|
395
|
Hsbc Asset Finance (Uk) Limited & Hsbc Equipment Finance (Uk
|
|
|
28/11/1985
|
20/11/1985
|
Legal Charge
|
N/A
|
Midland Bank Plc
|
|
|
07/08/1985
|
29/07/1985
|
Debenture
|
N/A
|
Vickers Public Limited Company.
|
|
|
13/08/1984
|
24/07/1984
|
Guaranty Security Agreement.
|
N/A
|
Citicorp Industrial Credit Inc.
|
|
|
06/07/1984
|
27/06/1984
|
Debenture
|
N/A
|
Manufacturers Hanover Trust Company.
|
|
02/12/1992
|
27/11/1985
|
20/11/1985
|
Fixed And Floating Charge
|
A
|
Midland Bank Plc
|
|
22/01/1993
|
20/07/1990
|
02/11/1983
|
Debenture
|
A
|
Investors In Industry Plc
|
|
22/01/1993
|
20/07/1990
|
02/11/1983
|
Debenture
|
A
|
Investors In Industry 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
|
10/08/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
09/06/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
10/11/2009
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
01/10/2009
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
12/09/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
03/09/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
03/07/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
02/04/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
30/08/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
30/07/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
23/04/2007
|
Companies House Gazette
|
"Resolutions which give vary
|
|
23/04/2007
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
23/04/2007
|
Companies House Gazette
|
Special resolutions passed under section 95 disapplication of
pre-emption rights
|
|
23/04/2007
|
Companies House Gazette
|
Return of allotments of a public limited company
|
|
25/01/2007
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
11/05/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
26/03/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
23/11/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
29/10/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
14/11/2003
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
MR DAVID GRIFFITHS
|
|
Service Address
|
1 KILVERLEY CLOSE, ALLERTON, LIVERPOOL, L18 3NW.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
05/12/1968
|
|
Appointment Date
|
30/09/2009
|
Directors
|
Managing Director
|
MR THOMAS GRAF
|
|
Service Address
|
KAISER-SIGMUND-STRASSE 73, FRANKFURT, 60320.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
20/02/1956
|
|
Appointment Date
|
06/08/2009
|
|
Other Directorships
|
B W INTERNATIONAL (HOLDINGS) LIMITED
|
|
Director
|
MR JOACHIM METSCHER
|
|
Service Address
|
KITLING ROAD, KNOWSLEY, MERSEYSIDE, L34 9JS.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
21/08/1963
|
|
Appointment Date
|
24/05/2011
|
|
Other Directorships
|
B W INTERNATIONAL (HOLDINGS) LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 0.05
|
|
Issued Number
|
224,574,465
|
|
Principal Shareholder
|
224,574,464 Oystar International GmbH
|
|
|
1 IWKA Verpackungstechnik GmbH
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
Oystar International GmbH, a company incorporated in GERMANY
|
|
Ultimate Parent
|
LIN VERMOGENSVERWALTUNG GMBH, a company incorporated in GERMANY
|
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
|
24497
|
28772
|
34016
|
25979
|
|
UK sales
|
4477
|
5283
|
7585
|
4547
|
|
Export
|
20020
|
23489
|
26431
|
21432
|
|
Cost of goods sold
|
21818
|
25483
|
30789
|
21498
|
|
GROSS PROFIT
|
2679
|
3289
|
3227
|
4481
|
|
Wages and Salaries
|
5627
|
7059
|
8626
|
7609
|
|
Directors Emoluments
|
|
63
|
89
|
169
|
|
Auditors Fees
|
42
|
55
|
47
|
44
|
|
Non-Audit Fees
|
|
|
70
|
206
|
|
Trading Profit
|
(1640)
|
(2457)
|
(4608)
|
(781)
|
|
Depreciation
|
322
|
1211
|
531
|
648
|
|
OPERATING PROFIT
|
(1962)
|
(3668)
|
(5139)
|
(1429)
|
|
Non Trading Income
|
6246
|
(881)
|
42251
|
3773
|
|
Interest Payable
|
4435
|
3919
|
5532
|
5321
|
|
PRE TAX PROFIT
|
(151)
|
(8468)
|
31580
|
(2977)
|
|
PROFIT AFTER TAX
|
(151)
|
(8468)
|
31580
|
(2977)
|
|
RETAINED PROFITS
|
(151)
|
(8468)
|
31580
|
(2977)
|
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
|
1866
|
2376
|
3738
|
19853
|
|
Tangible Assets
|
1496
|
1858
|
3067
|
19456
|
|
Fixed Assets
|
1496
|
1858
|
3067
|
3816
|
|
Intermediate assets
|
|
|
|
15119
|
|
Due From Group
|
|
|
|
521
|
|
Intangible Assets
|
370
|
518
|
671
|
397
|
|
TOTAL CURRENT ASSETS
|
60577
|
62140
|
83312
|
49215
|
|
Trade debtors
|
4278
|
4847
|
9827
|
6074
|
|
Stocks
|
2645
|
3708
|
6357
|
7228
|
|
Other Current Assets
|
53654
|
53585
|
67128
|
35913
|
|
Misc Current Assets
|
527
|
633
|
1034
|
1093
|
|
Due From Group
|
52926
|
52688
|
64061
|
32912
|
|
Cash
|
201
|
264
|
2033
|
1908
|
|
TOTAL ASSETS
|
62443
|
64516
|
87050
|
69068
|
|
TOTAL CURRENT LIABILITIES
|
30802
|
32075
|
46016
|
58601
|
|
Trade creditors
|
2484
|
3263
|
4915
|
5463
|
|
Short Term Loans
|
26204
|
25128
|
36020
|
50104
|
|
Bank Overdraft
|
|
|
251
|
|
|
Due To Group
|
26204
|
25128
|
35769
|
50104
|
|
Other Liabilities
|
2114
|
3684
|
5081
|
3034
|
|
WORKING CAPITAL
|
29775
|
30065
|
37296
|
(9386)
|
|
TOTAL LONG TERM LIABS
|
7388
|
11354
|
3551
|
6030
|
|
Other Liabilities
|
7388
|
11354
|
3551
|
6030
|
|
NET ASSETS/(LIABILITIES)
|
24253
|
21087
|
37483
|
4437
|
|
SHARE CAPITAL + RESERVES
|
24253
|
21087
|
37483
|
4437
|
|
Share Cap + Sundry Res
|
33558
|
33558
|
33558
|
33558
|
|
Issued Share Capital
|
11228
|
11228
|
11228
|
11228
|
|
Sundry Reserves
|
22330
|
22330
|
22330
|
22330
|
|
Profit and Loss account
|
(9305)
|
(12471)
|
3925
|
(29121)
|
|
SHAREHOLDERS FUNDS
|
24253
|
21087
|
37483
|
4437
|
|
CAPITAL EMPLOYED
|
31641
|
32441
|
41034
|
10467
|
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
|
|
63
|
89
|
169
|
|
Auditors Remuneration
|
42
|
55
|
47
|
44
|
|
Liquid Assets
|
4479
|
5111
|
11860
|
7982
|
|
Net Working Capital
|
29775
|
30065
|
37296
|
(9386)
|
|
Other Deferred Liabs
|
7388
|
11354
|
3551
|
6030
|
|
Tangible Net Worth(T.N.W)
|
23883
|
20569
|
36812
|
4040
|
|
Equity
|
24253
|
21087
|
37483
|
4437
|
|
Number of Years Trading
|
59
|
58
|
57
|
56
|
|
Number of Employees
|
162
|
219
|
248
|
256
|
|
Profit per Employee
|
(932.1)
|
(38666.7)
|
127338.7
|
(11628.9)
|
|
Sales per Employee
|
151216
|
131379
|
137161.3
|
101480.5
|
Key Credit
Ratios
|
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
|
1.9
|
1.8
|
0.8
|
|
Pre Tax Profit Margin%
|
(0.6)
|
(29.4)
|
92.8
|
(11.5)
|
|
Gross Profit%
|
10.9
|
11.4
|
9.5
|
17.2
|
|
Debtors Days (D.S.O)
|
64
|
61
|
105
|
85
|
|
Creditors Days (D.P.O)
|
37
|
41
|
53
|
77
|
|
Quick Ratio
|
1.9
|
1.8
|
1.7
|
0.7
|
|
W.I.P/Inventory Days
|
44.2
|
53.1
|
75.4
|
122.7
|
|
Return on Investment%
|
7.4
|
(7.9)
|
48.2
|
3.9
|
|
Return on Assets%
|
(0.2)
|
(13.1)
|
36.3
|
(4.3)
|
|
T.N.W/Total Assets%
|
38.2
|
31.9
|
42.3
|
5.8
|
|
Return on Capital%
|
(0.5)
|
(26.1)
|
77
|
(28.4)
|
|
Rtn on Shareholders Funds%
|
(0.6)
|
(40.2)
|
84.3
|
(67.1)
|
|
Working Capital/Sales%
|
121.5
|
104.5
|
109.6
|
(36.1)
|
|
Borrowing Ratio%
|
109.7
|
122.2
|
97.8
|
1240.2
|
|
Equity Gearing%
|
63.5
|
48.6
|
75.6
|
6.9
|
|
Stock Turnover
|
9.3
|
7.8
|
5.4
|
3.6
|
|
Days Purchases Outstanding
|
41.6
|
46.7
|
58.3
|
92.8
|
|
Sales/Fixed Assets
|
16.4
|
15.5
|
11.1
|
6.8
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
137
|
1590
|
1832
|
1865
|
|
Pre-Tax Profit Margin
|
9.6
|
3.9
|
2.6
|
4.2
|
|
Current Ratio
|
1.6
|
1.6
|
1.6
|
1.5
|
|
Borrowing Ratio
|
36.4
|
16.4
|
22.4
|
20.8
|
|
Return on Capital
|
18.4
|
25
|
25.2
|
33.2
|
|
Creditors Days
|
45
|
108
|
64
|
69
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of other special purpose machinery
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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 decreased by more than 10 % in the year and
totalled GBP 24,497,000 for the period.
Operating Loss
Totalled GBP 1,962,000. In the year prior a Loss of GBP
3,668,000 was achieved.
Pre Tax Profit
A loss of GBP 151,000 was made in the period compared with
a loss of GBP 8,468,000 in the previous period, a reduction of 98 %.
Net Worth
Net worth has increased by 15 % and now stands at GBP
24,253,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP
510,000 to GBP 1,866,000 and are now 2 % of total assets compared with 3 % in
the previous year.
Long Term Liabilities
The company's long term liabilities reduced during the
period by 34 % and are now 30 % of net worth compared with 54 % in the
previous period.
Long Term Liabilities
Long term liabilities are now 12 % of total liabilities
compared with 18 % in the previous period.
Long Term Liabilities
Long term liabilities are 23 % of capital employed, a
decrease of 12 % over the previous period.
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