MIRA
INFORM REPORT
|
Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
ARCADIA GROUP BRANDS LIMITED |
|
|
|
|
Formerly Known As : |
GREENHAWK LIMITED |
|
|
|
|
Registered Office : |
Colegrave House, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.08.2010 |
|
|
|
|
Date of Incorporation : |
30.06.1971 |
|
|
|
|
Com. Reg. No.: |
01016191 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Retailing of Clothing and Clothing Accessories Under the Burton,
Dorothy Perkins, Evans, Top Man And top Shop Brand Names. |
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 |
|
Status : |
Good |
|
Payment Behaviour : |
No complaints |
|
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, 2010
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
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 |
ARCADIA GROUP BRANDS
LIMITED |
Company Number |
01016191 |
|
Registered Address |
COLEGRAVE HOUSE |
Trading Address |
3 The Mall |
|
|
|
|
|
|
|
|
|
|
|
|
W1T 3NL |
|
|
|
Website Address |
|
|
|
|
Telephone Number |
02076368040 |
Fax Number |
02079271495 |
|
TPS |
No |
FPS |
Yes |
|
Incorporation Date |
30/06/1971 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
GREENHAWK LIMITED |
Type |
Private limited with
Share Capital |
|
|
|
Filing Date of Accounts |
31/05/2011 |
|
Date of Change |
19/06/1998 |
Share Capital |
£100 |
|
Sic Code |
5242 |
Currency |
GBP |
|
Sic Description |
RETAIL |
||
|
Principal Activity |
Retailing of clothing
and clothing accessories under the |
||
CREDIT recommendation
|
Limit |
£12,400,000 |
Previous Limit |
- |
|
Contract Limit |
£50,000,000 |
|
|
DIRECTORS/MANAGEMENT
|
Total Current Directors |
5 |
|
Total Current Secretaries |
2 |
|
Total Previous Directors / Company Secretaries |
19 |
Current Directors
|
Name |
Date of Birth |
03/02/1962 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
95 |
Function |
Director |
|
Appointment Date |
14/09/2005 |
|
|
|
Address |
Colegrave House 70 Berners Street, , |
||
|
|
|
|
|
|
Name |
Date of Birth |
13/02/1965 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
95 |
Function |
Director |
|
Appointment Date |
14/09/2005 |
|
|
|
Address |
Colegrave House 70 Berners Street, , |
||
|
|
|
|
|
|
Name |
Date of Birth |
08/12/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
92 |
Function |
Director |
|
Appointment Date |
16/08/2006 |
|
|
|
Address |
Colegrave House 70 Berners Street, , |
||
|
|
|
|
|
|
Name |
Date of Birth |
08/07/1973 |
|
|
Officers Title |
Mrs |
Nationality |
Irish |
|
Present Appointments |
28 |
Function |
Director |
|
Appointment Date |
17/10/2007 |
|
|
|
Address |
Colegrave House 70 Berners Street, , |
||
|
|
|
|
|
|
Name |
Date of Birth |
27/11/1968 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
49 |
Function |
Director |
|
Appointment Date |
02/03/2011 |
|
|
|
Address |
4a |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Miss |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/12/2009 |
|
|
|
Address |
|
||
|
|
|
|
|
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Miss |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
02/02/2010 |
|
|
|
Address |
26 Falcon Grove, , |
||
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|
|
|
|
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
Mortgage Summary
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Individual Share Value |
|
|
ARCADIA GROUP FASHION HOLDINGS LTD |
100 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure Summary
|
Company Name |
ARCADIA GROUP BRANDS LIMITED |
Company Number |
01016191 |
|
Holding Company |
ARCADIA GROUP FASHION HOLDINGS LIMITED |
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
TAVETA LIMITED |
Companies in group |
73 |
FINANCIAL INFORMATION
Profit & Loss
|
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£1,553,726,000 |
2.8% |
£1,510,895,000 |
3.1% |
£1,465,510,000 |
-0.7% |
£1,475,532,000 |
3.2% |
£1,430,415,000 |
|
Export |
£109,897,000 |
64.3% |
£66,877,000 |
11.7% |
£59,861,000 |
14.3% |
£52,374,000 |
33.5% |
£39,221,000 |
|
Cost of Sales |
£1,228,168,000 |
1.8% |
£1,205,976,000 |
0.1% |
£1,204,839,000 |
1.4% |
£1,188,478,000 |
3.6% |
£1,147,109,000 |
|
Gross Profit |
£325,558,000 |
6.8% |
£304,919,000 |
17% |
£260,671,000 |
-9.2% |
£287,054,000 |
1.3% |
£283,306,000 |
|
Wages & Salaries |
£223,271,000 |
0.7% |
£221,760,000 |
-2.2% |
£226,665,000 |
0.5% |
£225,513,000 |
4.5% |
£215,764,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
£250,848,000 |
5.1% |
£238,669,000 |
19.8% |
£199,248,000 |
-8.9% |
£218,654,000 |
-0.5% |
£219,706,000 |
|
Depreciation |
£24,602,000 |
1.2% |
£24,322,000 |
-4.7% |
£25,526,000 |
7% |
£23,848,000 |
23.2% |
£19,361,000 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
£36,000 |
-28% |
£50,000 |
38.9% |
£36,000 |
71.4% |
£21,000 |
- |
- |
|
Pre Tax Profit |
£255,245,000 |
6.7% |
£239,171,000 |
20% |
£199,255,000 |
-8.9% |
£218,633,000 |
-0.7% |
£220,137,000 |
|
Taxation |
-£71,547,000 |
-3.2% |
-£69,315,000 |
-21.2% |
-£57,204,000 |
21.2% |
-£72,550,000 |
-34.4% |
-£53,992,000 |
|
Profit After Tax |
£183,698,000 |
8.1% |
£169,856,000 |
19.6% |
£142,051,000 |
-2.8% |
£146,083,000 |
-12.1% |
£166,145,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£183,698,000 |
8.1% |
£169,856,000 |
19.6% |
£142,051,000 |
-2.8% |
£146,083,000 |
-12.1% |
£166,145,000 |
Balance Sheet
|
Date Of Accounts |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
Tangible Assets |
£101,594,000 |
1.5% |
£100,089,000 |
12.6% |
£88,901,000 |
-0.7% |
£89,511,000 |
12.6% |
£79,510,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£101,594,000 |
1.5% |
£100,089,000 |
12.6% |
£88,901,000 |
-0.7% |
£89,511,000 |
12.6% |
£79,510,000 |
|
Stock |
£93,628,000 |
6.5% |
£87,913,000 |
2.2% |
£85,993,000 |
6.7% |
£80,611,000 |
7.1% |
£75,275,000 |
|
Trade Debtors |
£29,229,000 |
2.7% |
£28,447,000 |
14.2% |
£24,902,000 |
4.7% |
£23,793,000 |
13.7% |
£20,934,000 |
|
Cash |
£3,649,000 |
-32.3% |
£5,389,000 |
-70% |
£17,957,000 |
113% |
£8,430,000 |
57.2% |
£5,364,000 |
|
Other Debtors |
£936,316,000 |
25.6% |
£745,722,000 |
28.8% |
£578,929,000 |
5% |
£551,455,000 |
50.5% |
£366,456,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,062,822,000 |
22.5% |
£867,471,000 |
22.6% |
£707,781,000 |
6.5% |
£664,289,000 |
41.9% |
£468,029,000 |
|
Trade Creditors |
£116,844,000 |
11.1% |
£105,197,000 |
-3.9% |
£109,469,000 |
-0.3% |
£109,792,000 |
25.6% |
£87,419,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
-100% |
£335,000 |
-99.7% |
£104,374,000 |
98.3% |
£52,639,000 |
|
Other Short Term Finance |
£5,613,000 |
0.8% |
£5,571,000 |
47.7% |
£3,771,000 |
-25.7% |
£5,072,000 |
9.6% |
£4,626,000 |
|
Miscellaneous Current Liabilities |
£106,899,000 |
1.4% |
£105,430,000 |
5.9% |
£99,538,000 |
6.6% |
£93,386,000 |
-9.8% |
£103,505,000 |
|
Total Current Liabilities |
£229,356,000 |
6.1% |
£216,198,000 |
1.4% |
£213,113,000 |
-31.8% |
£312,624,000 |
26% |
£248,189,000 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
-100% |
£2,398,000 |
-97.7% |
£106,095,000 |
81% |
£58,617,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
-100% |
£2,063,000 |
19.9% |
£1,721,000 |
-71.2% |
£5,978,000 |
Capital & Reserves
|
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
|
Called Up Share Capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
P & L Account Reserve |
£935,060,000 |
24.4% |
£751,362,000 |
29.2% |
£581,506,000 |
32.3% |
£439,455,000 |
49.8% |
£293,372,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£935,060,000 |
24.4% |
£751,362,000 |
29.2% |
£581,506,000 |
32.3% |
£439,455,000 |
49.8% |
£293,372,000 |
Other Financial Items
|
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
|
Net Worth |
£935,060,000 |
24.4% |
£751,362,000 |
29.2% |
£581,506,000 |
32.3% |
£439,455,000 |
49.8% |
£293,372,000 |
|
Working Capital |
£833,466,000 |
28% |
£651,273,000 |
31.7% |
£494,668,000 |
40.7% |
£351,665,000 |
60% |
£219,840,000 |
|
Total Assets |
£1,164,416,000 |
20.3% |
£967,560,000 |
21.4% |
£796,682,000 |
5.7% |
£753,800,000 |
37.7% |
£547,539,000 |
|
Total Liabilities |
£229,356,000 |
6.1% |
£216,198,000 |
0.5% |
£215,176,000 |
-31.5% |
£314,345,000 |
23.7% |
£254,167,000 |
|
Net Assets |
£935,060,000 |
24.4% |
£751,362,000 |
29.2% |
£581,506,000 |
32.3% |
£439,455,000 |
49.8% |
£293,372,000 |
Cash Flow
|
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
(%) |
01/09/07 |
(%) |
02/09/06 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£935,060,000 |
24.4% |
£751,362,000 |
28.8% |
£583,569,000 |
32.3% |
£441,176,000 |
47.4% |
£299,350,000 |
|
Number of Employees |
21094 |
-1.4% |
21391 |
-3.4% |
22139 |
5.3% |
21018 |
1.3% |
20756 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|
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|
Bank Branch Code |
|
||||||||
Ratios
|
28/08/10 |
29/08/09 |
30/08/08 |
01/09/07 |
02/09/06 |
|
|
Pre-tax profit margin % |
16.43 |
15.83 |
13.60 |
14.82 |
15.39 |
|
Current ratio |
4.63 |
4.01 |
3.32 |
2.12 |
1.89 |
|
Sales/Net Working Capital |
1.86 |
2.32 |
2.96 |
4.20 |
6.51 |
|
Gearing % |
0 |
0 |
0.40 |
24.10 |
20 |
|
Equity in % |
80.30 |
77.70 |
73 |
58.30 |
53.60 |
|
Creditor Days |
27.37 |
25.34 |
27.18 |
27.08 |
22.25 |
|
Debtor Days |
6.84 |
6.85 |
6.18 |
5.87 |
5.33 |
|
Liquidity/Acid Test |
4.22 |
3.60 |
2.91 |
1.87 |
1.58 |
|
Return On Capital Employed % |
27.29 |
31.83 |
34.14 |
49.56 |
73.54 |
|
Return On Total Assets Employed % |
21.92 |
24.71 |
25.01 |
29 |
40.20 |
|
Current Debt Ratio |
0.24 |
0.28 |
0.36 |
0.71 |
0.84 |
|
Total Debt Ratio |
0.24 |
0.28 |
0.37 |
0.71 |
0.86 |
|
Stock Turnover Ratio % |
6.02 |
5.81 |
5.86 |
5.46 |
5.26 |
|
Return on Net Assets Employed % |
27.29 |
31.83 |
34.26 |
49.75 |
75.04 |
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
28/08/2010 |
£1,553,726,000 |
£255,245,000 |
£935,060,000 |
21094 |
|
29/08/2009 |
£1,510,895,000 |
£239,171,000 |
£751,362,000 |
21391 |
|
30/08/2008 |
£1,465,510,000 |
£199,255,000 |
£581,506,000 |
22139 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Previous Company Names
|
Date |
Previous Name |
Companies House
Documents |
|
19/06/1998 |
GREENHAWK LIMITED |
|
|
17/09/1997 |
DORSUB (TMR) LIMITED |
|
|
19/05/1994 |
TOP MAN RETAIL LIMITED |
|
|
23/02/1990 |
TOP BOY LIMITED |
|
|
31/12/1978 |
HAND OF BURTON LIMITED |
|
Event History
|
Date |
Description |
|
|
14/06/2011 |
Annual Returns |
|
|
10/06/2011 |
New Accounts Filed |
|
|
10/06/2011 |
New Accounts Filed |
|
|
04/03/2011 |
Mr C.P. Duckels has left the board |
|
|
04/03/2011 |
New Board Member Mrs S. Wightman appointed |
|
|
30/07/2010 |
Annual Returns |
|
|
28/05/2010 |
New Accounts Filed |
|
|
28/05/2010 |
New Accounts Filed |
|
|
04/02/2010 |
New Company Secretary Miss K.D. Rodie appointed |
|
|
07/12/2009 |
Ms K.D. Rodie has resigned as company secretary |
|
|
07/12/2009 |
New Company Secretary Miss A.L. Waldron appointed |
|
|
07/06/2009 |
Annual Returns |
|
|
21/05/2009 |
New Accounts Filed |
|
|
14/05/2009 |
Ms M.H. Cox has resigned as company secretary |
|
|
18/11/2008 |
New Company Secretary Ms K.D. Rodie appointed |
|
Status History
|
No Status History found |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
|
|
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
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.