MIRA INFORM REPORT

 

 

Report Date :

02.07.2012

 

IDENTIFICATION DETAILS

 

Name :

DEBENHAMS RETAIL PLC

 

 

Registered Office :

The Corner 1 Newport Road Middlesbrough, TS1 1LF

 

 

Country :

United Kingdom

 

 

Financials (as on) :

03.09.2011

 

 

Date of Incorporation :

28.01.1905

 

 

Com. Reg. No.:

00083395

 

 

Legal Form :

Public Subsidiary

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

27,543

 

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 :

Satisfactory

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Debenhams Retail PLC

                                                                                                                                                   

 

The Corner

1 Newport Road

 

Middlesbrough, TS1 1LF

United Kingdom

 

 

Tel:

01823337979

Fax:

02074083366

 

www.debenhams.com

 

Employees:

27,543

Company Type:

Public Subsidiary

Corporate Family:

51 Companies

Ultimate Parent:

Debenhams Plc

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

28-Jan-1905

Auditor:

PricewaterhouseCoopers LLP

Financials in:

USD (mil)

 

 

Fiscal Year End:

03-Sep-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

3,252.5  1

Net Income:

25.3

Total Assets:

2,897.0

                                         

Business Description          

 

Debenhams Retail PLC owns and operates various retail stores in the United Kingdom. Its stores offer a range of belts, umbrellas, purses, hats, gloves and scarves. The company provides women’s clothing, such as skirts and long and short sleeved tops in different sizes and colours. Its stores offer a variety of trousers, jeans, coats and jackets for men. The company additionally provides beach, cross body, grab, occasion, scoop, shoulder and tote bags. Its stores offer a number of wedding dresses, swimsuits, beach shoes and sunglasses. In addition, the company provides nightwear and knitwear in different designs.

         

Industry                                                                                                                                  

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

4481 - Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

US SIC 1987:

5651 - Family Clothing Stores

                      

Key Executives           

   

 

Name

Title

Michael Sharp

Chief Executive Officer

Christopher Woodhouse

Finance Director

Richard Cristofoli

Marketing Director

Paul Rex Eardley

Secretary

Steve Kircher

IT Director

      

 

 

Financial Summary                                                                                                                            

 

FYE: 3-Sep-2011

USD (mil)

Key Figures

 

Current Assets

2,046.53

Fixed Assets

850.44

Total Liabilities

1,627.63

Net Worth

1,205.00

 

Key Ratios

 

Current Ratio

1.26

Acid Test

0.97

Debt Gearing

0.19

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6234965
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6170935

 

 

Corporate Overview

 

Location
The Corner
1 Newport Road
Middlesbrough, TS1 1LF
Cleveland County
United Kingdom

 

Tel:

01823337979

Fax:

02074083366

 

www.debenhams.com

Sales GBP(mil):

2,027.9

Assets GBP(mil):

1,787.7

Employees:

27,543

Fiscal Year End:

03-Sep-2011

 

Industry:

Retail (Apparel)

Registered Address:
1 Welbeck Street
London, W1G 0AA
United Kingdom

 

Incorporation Date:

28-Jan-1905

Company Type:

Public Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

00083395

 

Director:

Simon Edward Herrick

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

4279

-

Other Store-Based Retailing Not Elsewhere Classified

4251

-

Clothing Retailing

6240

-

Financial Asset Investing

 

NACE 2002 Codes:

7415

-

Management activities of holding companies

5242

-

Retail sale of clothing

5243

-

Retail sale of footwear and leather goods

 

NAICS 2002 Codes:

448

-

Clothing and Clothing Accessories Stores

4481

-

Clothing Stores

551112

-

Offices of Other Holding Companies

 

US SIC 1987:

59

-

Miscellaneous Retail

671

-

Holding Offices

5651

-

Family Clothing Stores

 

UK SIC 2003:

7415

-

Management activities of holding companies

5242

-

Retail sale of clothing

5243

-

Retail sale of footwear and leather goods

 

 

Business Description

Debenhams Retail PLC owns and operates various retail stores in the United Kingdom. Its stores offer a range of belts, umbrellas, purses, hats, gloves and scarves. The company provides women’s clothing, such as skirts and long and short sleeved tops in different sizes and colours. Its stores offer a variety of trousers, jeans, coats and jackets for men. The company additionally provides beach, cross body, grab, occasion, scoop, shoulder and tote bags. Its stores offer a number of wedding dresses, swimsuits, beach shoes and sunglasses. In addition, the company provides nightwear and knitwear in different designs.

 

 

More Business Descriptions

Debenhams Retail PLC maintains more than 120 stores throughout the United Kingdom and Ireland, as well as a fully transactional Web site reflecting the company’s commitment to offering customers greater value, wider choice and excellent service. Debenhams offers a varied combination of own-bought brands, exclusive designer ranges and leading international brands. The company sells more than 500 international brands and is one of the United Kingdom’s top retailers of many international brands, including Clarins and Yves Saint Laurent, Denby, Meyer, Portmeirion and Le Creuset, Ben Sherman, Playtex and Lepel. Debenhams Retail PLC has head offices in London.

 

Apparel & Accessories Retailer

 

Sports Goods Retail Sale

 

Whether its for a weekend break a fortnight in the sun or a winter ski trip weve got the travel insurance to suit your needs.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

2,027.9

Net Income:

15.8

Assets:

1,787.7

Current Assets:

1,262.9

 

Fixed Assets:

524.8

 

Long Term Debt:

1.4

 

Total Liabilities:

1,005.8

 

Issued Capital:

44.6

 

Working Capital:

258.5

 

Net Worth:

743.6

 

 

 

Date of Financial Data:

03-Sep-2011

 

1 Year Growth

3.7%

NA

NA

 

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers LLP

 

Auditor:

PricewaterhouseCoopers LLP

 

 

 

GBP(mil)

Audit Fees:

0.3

Non Audit Fees:

0.1

Audit Fiscal Year:

09-03-2011

 

 

 

 

 

 

Corporate Structure News

 

Debenhams Retail PLC
Total Corporate Family Members: 51

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Debenhams Plc

Parent

London

United Kingdom

Retail (Department and Discount)

3,544.2

8,735

Debenhams Retail (Ireland) Limited

Subsidiary

Dublin

Ireland

Retail (Department and Discount)

231.7

1,764

Aktieselskabet Th. Wessel & Vett, Magasin Du Nord

Subsidiary

København K

Denmark

Retail (Department and Discount)

200.4

895

Magasin Ejendomme A/S

Subsidiary

Kobenhavn

Denmark

Construction Services

75.0

 

Debenhams Plc

UK Branch/Trading address

Stoke-On-Trent

United Kingdom

Retail (Department and Discount)

3,544.2

 

Bf Properties (No.4) Ltd

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Properties (No.5) Ltd

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.10) Ltd.

Subsidiary

London

United Kingdom

Construction Services

17.9

 

Bf Propco (No.12) Ltd.

Subsidiary

London

United Kingdom

Construction Services

7.6

 

Bf Propco (No.3) Ltd.

Subsidiary

London

United Kingdom

Construction Services

3.2

 

Bf Propco (No.5) Ltd.

Subsidiary

London

United Kingdom

Construction Services

3.1

 

Bf Propco (No.4) Ltd.

Subsidiary

London

United Kingdom

Construction Services

2.4

 

Bf Propco (No.13) Ltd.

Subsidiary

London

United Kingdom

Construction Services

2.1

 

Bf Propco (No.1) Ltd.

Subsidiary

London

United Kingdom

Construction Services

2.0

 

Bf Propco (No.19) Ltd.

Subsidiary

London

United Kingdom

Construction Services

1.0

 

Bf Propco (No.16) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.18) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.11) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.9) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.23) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Bf Propco (No.22) Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.0

 

Debenhams Overseas Holdings Ltd.

Subsidiary

 

United Kingdom

Commercial Banks

 

 

Baroness Holdings Uk Ltd.

Subsidiary

 

United Kingdom

Commercial Banks

 

 

Debenhams Retail Plc

Subsidiary

Belfast

United Kingdom

 

 

 

Debenhams Finance Holdings Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Baroness Retail Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Debenhams Group Holdings Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Debenhams Retail PLC

Subsidiary

Middlesbrough

United Kingdom

Retail (Apparel)

3,252.5

27,543

Jubilee Fashions Ltd.

Subsidiary

 

United Kingdom

Commercial Banks

 

 

Debenhams Pension Trust Ltd.

Subsidiary

 

United Kingdom

Investment Services

 

 

Debenhams Direct Ltd.

Subsidiary

 

United Kingdom

Retail (Catalog and Mail Order)

 

 

Debenhams Investments Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Debenhams Gift Vouchers Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Debenhams Card Handling Services Ltd.

Subsidiary

 

United Kingdom

Business Services

 

 

Debenhams Holdings Ltd.

Subsidiary

 

United Kingdom

Commercial Banks

 

 

Debenhams (No. 2) Pension Trust Ltd.

Subsidiary

 

United Kingdom

Investment Services

 

 

Debsub (Csr) Ltd.

Subsidiary

 

United Kingdom

Nonclassifiable Industries

 

 

Debenhams. Com Ltd

Subsidiary

 

United Kingdom

Nonclassifiable Industries

 

 

Debsub (Tr) Ltd.

Subsidiary

 

United Kingdom

Nonclassifiable Industries

 

 

Debenhams Principles Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Jumpneck Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Leapneck Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Debenhams Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

153.4

 

Bf Iii Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Bf Properties (No.2) Ltd

Subsidiary

London

United Kingdom

Business Services

 

 

Bf Properties (No. 3) Ltd

Subsidiary

London

United Kingdom

Construction Services

 

 

Bf Properties (No. 1) Ltd

Subsidiary

London

United Kingdom

Construction Services

 

 

Jerimain Investments Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Debenhams Group Holdings Limited

Subsidiary

Edinburgh

United Kingdom

Investment Services

 

 

Debenhams Retail Holdings (Ireland) Limited

Subsidiary

Dublin

Ireland

Retail (Specialty)

 

 

Debenhams Properties Limited

Subsidiary

Coventry

United Kingdom

Real Estate Operations

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Nigel Northridge

 

Chairman

Chairman

Biography:

Nigel Northridge joined Inchcapes board in July 2009. Nigel is Chairman of Paddy Power plc and Debenhams plc. He is also Senior Independent Non-Executive Director of Aggreko plc. He spent 32 years with Gallaher Group plc in sales and marketing roles becoming the Group Chief Executive in 2000. He was previously a Non-Executive Director of Thomas Cook plc.

 

Adam Crozier

 

Independent Non-Executive Director

Director/Board Member

 

 

Biography:

Adam Crozier became a Director of the Company in April 2006 and was appointed Chairman of the Remuneration Committee in April 2009.

 

Simon Edward Herrick

 

Director

Director/Board Member

 

 

Age: 49

 

Martina King

 

Executive Director

Director/Board Member

 

 

Biography:

Martina King joined the Company on 1 August 2009. Ms King is currently a non-executive director of Capita Group Plc Independent Media Distribution Plc and Johnston Press Plc Cineworld PLC Goodpak LLP and Trade Doubler AB. Her former appointments include Managing Director Europe of Yahoo Limited and Sales Director and then Managing Director of Capital Radio. Ms King is also a trustee of Coram and Suffolk Foundation and a Governor of Seekford Foundation and Woodbridge School.

 

Sophie Turner Laing

 

Independent Non Executive Director

Director/Board Member

OSWM 

 

Biography:

Sophie Turner Laing was appointed Managing Director Entertainment and News in March 2007. She has overall responsibility for Skys portfolio of entertainment and news channels including Sky1 Sky News Sky Arts Sky Real Lives Sky Movies and Sky Box Office as well as Broadcast Operations Network Planning and the Sky Creative Agency. Prior to joining Sky in March 2003 Sophie held a number of senior roles at the BBC and Flextech after beginning her television career at Henson International Television.

 

Dennis Millard

 

Independent Non-Executive Director

Director/Board Member

 

 

Biography:

Dennis Millard became a Director of the Company in April 2006 and is Senior Independent non-executive Director and Chairman of the Audit Committee. Mr Millard is also Chairman of Halfords Group plc and Smiths News plc and a non-executive director of Xchanging UK Limited and Premier Farnell plc. His former appointments include Group Finance Director of Cookson Group plc Finance Director of Medeva plc and non-executive director of Exel plc Arc International and EAG Ltd. Mr Millard is a member of the South African Institute of Chartered Accountants

 

Paul Pindar

 

Non Executive Director

Director/Board Member

 

 

Biography:

Paul Pindar is Chief Executive of the Capita Group Plc the UKs market leader in providing Business Process Outsourcing (BPO) services. Capita offers its customers creative and integrated solutions to materially reduce costs improve quality of service and where possible improve its clients overall business performance. Paul qualified as a chartered accountant with Coopers & Lybrand in 1984. He joined Capita in 1987 following its management buyout from the Chartered Institute of Public Finance & Accountancy (CIPFA). Capita was floated on the USM in 1989 with a market value of 8m and is today a FTSE 100 company with a market capitalisation of 4.5bn. Shareholders have enjoyed a TSR of c.250 fold in Capitas 18 years as a Plc. The Groups revenues were 2.4bn in 2008 and it employs over 36000 staff. Paul is also a non executive Director of Debenhams plc which listed on the LSE in May 2006 with an enterprise value of 3bn.

 

Mark Rolfe

 

Non Executive Director

Director/Board Member

 

 

Biography:

Mark joined the Board in December 2007. After qualifying as a chartered accountant with Coopers and Lybrand Mark joined Gallaher Group plc in 1986 where he was Finance Director for seven years retiring in 2007. He is also a Non-executive Director of Hornby plc Barratt Developments Plc and Debenhams Plc and Chairman of Lane Clark and Peacock LLP.

 

Christopher Woodhouse

 

Finance Director

Director/Board Member

 

 

Biography:

Chris Woodhouse has been the Finance Director of the Company since May 2006. Prior to the IPO in May 2006 he was Finance Director of Debenhams Limited having been appointed in December 2003.

 

 

Executives

 

Name

Title

Function

Martina King

 

Executive Director

Chief Executive Officer

Biography:

Martina King joined the Company on 1 August 2009. Ms King is currently a non-executive director of Capita Group Plc Independent Media Distribution Plc and Johnston Press Plc Cineworld PLC Goodpak LLP and Trade Doubler AB. Her former appointments include Managing Director Europe of Yahoo Limited and Sales Director and then Managing Director of Capital Radio. Ms King is also a trustee of Coram and Suffolk Foundation and a Governor of Seekford Foundation and Woodbridge School.

 

Michael Sharp

 

Chief Executive Officer

Chief Executive Officer

 

 

Biography:

Michael Sharp was appointed Deputy Chief Executive in November 2008 having previously held the post of Chief Operating Officer since May 2006. From 1997 to 2004 Mr Sharp was Trading Director of Debenhams Limited and from January 2004 to May 2006 was Chief Operating Officer of Debenhams Limited. He previously worked in various capacities within the Burton Group including as Managing Director of Principles and Racing Green and Buying and Merchandising Director of Topshop and Topman.

 

Age: 55

 

Nigel Palmer

 

Retail Operations Director

Operations Executive

 

 

Biography:

Nigel has been Retail Operations Director since 2002. Prior to this he was Sales and Operations Director and Design and Store Planning Director responsible for store expansion.

 

Paul Rex Eardley

 

Secretary

Company Secretary

 

 

Age: 51

 

Christopher Woodhouse

 

Finance Director

Finance Executive

 

 

Biography:

Chris Woodhouse has been the Finance Director of the Company since May 2006. Prior to the IPO in May 2006 he was Finance Director of Debenhams Limited having been appointed in December 2003.

 

Nikki Zamblera

 

Human Resources Director

Human Resources Executive

 

 

Biography:

Nikki joined Debenhams in 2004. From 2001 to 2004 she served as Vice President Human Resources Europe for Polo Ralph Lauren where she was also a director of each of PRLs European companies.

 

Richard Cristofoli

 

Marketing Director

Marketing Executive

 

 

Biography:

Richard Cristofoli joined Debenhams in March 2011 as Marketing Director responsible for our Advertising Loyalty Product Marketing Creative and PR functions.

 

Steve Kircher

 

IT Director

Information Executive

 

 

 

Paul Munday

 

Technical Manager Networks

Engineering/Technical Executive

 

 

 

Jeff Banks

 

Designer

Other

 

 

Biography:

Jeff Banks founded both the Smirnoff Awards and Graduate Fashion Week in 1991 that plays host to 100 colleges and 800 students each year. Following that in 1996 Jeff conceived and launched The Clothes Show which regularly boasted an audience in excess of 9 million in Britain and 150 million on the World Service and revolutionized the way that fashion was presented on T.V.

 

N. Carter

 

Manager

Other

 

 

 

Betty Jackson

 

Designer

Other

 

 

 

Biography:

Betty Jackson has become one of Britains most celebrated and best loved British designers. Lancashire born designer Betty demonstrated her unwavering creative vision from the very beginning of her design career. She studied at the Birmingham College of Fashion under Designer Zandra Rhodes and started her own career as a fashion illustrator during her final year of college. In 1973 Betty started her professional career working with Wendy Dagworthy and later went onto work for Quorum before setting up her own design company Betty Jackson Ltd with husband David Cohen in 1981. The range quickly gained recognition within the industry and Betty went on to open her flagship shop on the Brompton Road London in 1991. Betty has been showing at London Fashion Week for over 20 years she was awarded the 'British Designer of the Year award in 1985 and has received countless awards since including 'Designer of the Year again in 1999. Betty was also involved in the TV Show 'Absolutely Fabulous and created notorious costumes for the lead characters: Eddy and Patsy.

 

Julien Macdonald

 

Designer

Other

 

 

Biography:

Julien Macdonald nicknamed the King of Glamour grew up in South Wales. Taught to knit by his mother he was interested in design from a young age. After completing a fashion textiles degree at Brighton University he achieved a masters degree from the Royal College of Art in 1996. His work was soon noticed and among his many admirers were Karl Lagerfeld and the late Isabella Blow. Macdonald has become a key part of British fashion cementing his status by working alongside designers such as Karl Lagerfeld and Alexander McQueen in addition to landing the role of head designer at Givenchy in 2001. He has received numerous awards for his work as well as an OBE in 2006 for his services to fashion.

 

Janet Reger

 

Designer

Other

 

 

Biography:

Janet Reger is often dubbed the Queen of Luxury Lingerie and has been a name affiliated with beautiful underwear for decades. In 2007 the brand celebrated its 40th birthday and continues to go from strength to strength cementing its status as the place to go for exquisite underwear. Janet attended the Leicester College of Technology in 1953. At a time when underwear was simple in design and kept to black or white in colour Janet was designing co-ordinated sets in silks and satins. She had natural ability and flair to combine cut with cloth line with fit and style with practicality. In 1965 having spent time in Zurich working as a freelance designer Janet her husband Peter and their young daughter Aliza returned to London. Peter took samples of Janet's innovative designs to leading London department stores and orders began flooding in.

 

John Rocha

 

Designer

Other

 

 

Biography:

Born in Hong Kong and of Chinese and Portuguese descent John Rocha moved to London in the 1970s to study fashion. The choice of Irish linen for his graduate collection inspired his move to Dublin in the 1980s where he has lived for the past 30 years working closely with his wife and business partner Odette. Creating a relaxed and contemporary collection through a mixture of beautiful textures luxurious materials and exquisite embellishment John Rocha offers an easy approach to designer styling with a unique and distinctive twist for the wardrobe or home. In 1994 John was awarded the prestigious title of British Designer of the Year; and in 1997 the John Rocha at Waterford Crystal collection was launched. This range can be found on the Debenhams website and in store. In February 2002 in recognition of his long-standing contribution to the fashion industry John Rocha received a Commander of the British Empire (CBE) award from Her Majesty the Queen.

 

Lisa Williams

 

Head

Other

 

 

Biography:

Lisa has been head of IR for department store group Debenhams since 2007. Prior to Debenhams she was head of IR for Rentokil Initial PLC from 2004 to 2007 and for Cookson Group PLC from 1999 to 2004. She first became involved in the IR world at Waste Management International PLC where she worked all the way from IPO to delisting from the Stock Exchange in seven years. Career highlights include the Cookson non-underwritten rescue rights issue and the defence of the so-called phoney bid from Gerry Robinson for Rentokil Initial. Lisa holds a law degree (LLB) from the University of London.

 

Matthew Williamson

 

Designer

Other

 

 

Biography:

Matthew joined the list of Designers at Debenhams in 2002 with his highly successful Butterfly by Matthew Williamson range. The collection extended from accessories and childrenswear into womenswear in 2009 and to homeware in 2010. Matthew has always been inspired by aspects of Eastern and Oriental culture and this is reflected in his ranges at Debenhams. Hypnotic patterns and warm vivid tones create a beautiful vibrancy which has become part of his signature style.

 

 

 

Directors and Shareholders Report

 

Annual Return Date: 28 Jun 2011
Total Issued Capital (GBP 000): 44,625

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Simon Edward
Herrick

Current

13 Jun 1963

94 Broom Road,
Teddington, Middlesex TW11 9PF

10 Jan 2012

NA

Current:27
Previous:20
Disqualifications:0

 

Michael John Todkill
Sharp

Current

22 Mar 1957

91 Wimpole Street,
London , London W1G 0EF

31 Mar 2010

NA

Current:26
Previous:0
Disqualifications:0

 

Robert William
Templeman

Previous

16 Oct 1957

91 Wimpole Street,
London , London W1G 0EF

04 Dec 2003

04 Sep 2011

Current:1
Previous:54
Disqualifications:0

 

Ian Peter
Jackman

Previous

02 Aug 1946

Flat 11 Macready House, 75 Crawford Street,
London , London W1H 5LR

NA

14 Nov 1997

Current:12
Previous:92
Disqualifications:0

 

John David
Lovering

Previous

11 Oct 1949

75 Capital Wharf, High Street,
London , London E1W ILY

04 Dec 2003

31 Mar 2010

Current:6
Previous:102
Disqualifications:0

 

Philip Oliver
Wrigley

Previous

10 Nov 1952

Unit 130 Wellworthy Road, Ampress Park,
Lymington, Hampshire SO41 8JY

NA

01 Dec 1993

Current:6
Previous:18
Disqualifications:0

 

Nigel Brian
Palmer

Previous

24 Jun 1959

91 Wimpole Street,
London , London W1G 0EF

01 Feb 2002

04 Dec 2003

Current:0
Previous:4
Disqualifications:0

 

Belinda Jane
Earl

Previous

20 Dec 1961

91 Wimpole Street,
London , London W1G 0EF

24 Mar 1998

04 Dec 2003

Current:0
Previous:3
Disqualifications:0

 

Guy Antony
Johnson

Previous

10 Apr 1956

Windmill Hill Business Park Whitehill Way,
Swindon, Wiltshire SN5 6PB

21 Feb 2000

04 Dec 2003

Current:7
Previous:52
Disqualifications:0

 

James William
Murphy

Previous

11 Mar 1947

Pheasants Copse, Rotherfield Greys,
Henley-On-Thames, Oxfordshire RG9 4QJ

01 Dec 1993

27 Jan 2004

Current:3
Previous:9
Disqualifications:0

 

Christopher Kevin
Woodhouse

Previous

27 Jun 1961

5Th Floor 2 Balcombe Street, London,
London , London NW1 6NW

04 Dec 2003

10 Jan 2012

Current:3
Previous:126
Disqualifications:0

 

Peter Martyn
Betts

Previous

18 Oct 1960

4 Norwich Court,
Beverley, North Humberside HU17 8UJ

NA

28 Jun 1994

Current:1
Previous:2
Disqualifications:0

 

Edward Matthew Giles
Roberts

Previous

08 Aug 1963

91 Wimpole Street,
London , London W1G 0EF

01 May 1996

04 Dec 2003

Current:0
Previous:7
Disqualifications:0

 

Jane Heather Ruth
Guillaume

Previous

25 Sep 1958

91 Wimpole Street,
London , London W1G 0EF

24 Mar 1998

04 Dec 2003

Current:0
Previous:7
Disqualifications:0

 

Paul Beverley
Loft

Previous

28 Feb 1961

Bacton Grange, Rectory Road,
Stowmarket, Suffolk IP14 4LE

NA

01 May 1996

Current:4
Previous:7
Disqualifications:0

 

Andrew Thomas
Higginson

Previous

10 Jul 1957

New Tesco House, Delamare Road,
Waltham Cross, Hertfordshire EN8 9SL

NA

14 Nov 1997

Current:2
Previous:122
Disqualifications:0

 

Michael John
Sharp

Previous

22 Mar 1957

91 Wimpole Street,
London , London W1G 0EF

24 Mar 1998

04 Dec 2003

Current:0
Previous:3
Disqualifications:0

 

Richard Conway
North

Previous

20 Jan 1950

8 St.Simons Avenue, London,
Putney, London SW15 6DU

28 Jun 1992

01 Jul 1994

Current:2
Previous:24
Disqualifications:0

 

Hugh Rowland
Bradley

Previous

30 May 1950

3 Platt Meadow,
Guildford, Surrey GU4 7EF

20 Jul 1998

27 Jan 2004

Current:2
Previous:3
Disqualifications:0

 

John Lee
Hoerner

Previous

23 Sep 1939

Hawling Lodge Hawling,
Cheltenham, Gloucestershire GL54 5SY

28 Jun 1992

14 Nov 1997

Current:3
Previous:10
Disqualifications:0

 

David
Wilson

Previous

06 Jul 1960

7 Cleaver Square, Kennington,
London , London SE11 4DW

24 Mar 1998

13 Sep 1999

Current:2
Previous:67
Disqualifications:0

 

Terence Anthony
Green

Previous

09 Oct 1951

Silverlands, Boars Head,
Crowborough, East Sussex TN6 3HE

28 Jun 1992

13 Sep 2000

Current:0
Previous:13
Disqualifications:0

 

Peter Thomas
Kaursland

Previous

21 Jun 1943

The Springs Howe Road,
Thame, Oxfordshire OX9 5EL

28 Jun 1992

01 Feb 2002

Current:0
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Paul Rex
Eardley

Current

13 Sep 1960

91 Wimpole Street,
London , London W1G 0EF

15 Oct 2007

NA

Current:23
Previous:30
Disqualifications:0

 

Ian Peter
Jackman

Previous

02 Aug 1946

Flat 11 Macready House, 75 Crawford Street,
London , London W1H 5LR

NA

01 Dec 1993

Current:12
Previous:92
Disqualifications:0

 

Guy Antony
Johnson

Previous

10 Apr 1956

Windmill Hill Business Park Whitehill Way,
Swindon, Wiltshire SN5 6PB

09 Feb 2004

15 Oct 2007

Current:7
Previous:52
Disqualifications:0

 

John
Hodges

Previous

23 Aug 1952

The Old Orchard Burney Road, Westhumble,
Dorking, Surrey RH5 6AU

01 Dec 1993

09 Feb 2004

Current:0
Previous:89
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

 

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

03-Sep-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623497

0.639819

0.642791

0.502804

0.510913

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

3,252.5

3,057.4

2,883.1

3,488.2

3,321.3

Turnover (Exports)

0.0

0.0

0.0

0.0

0.0

Total Turnover

3,252.5

3,057.4

2,883.1

3,488.2

3,321.3

Cost of Sales

2,768.4

2,585.7

2,470.2

2,973.3

2,759.0

Gross Profit

484.0

471.7

412.9

514.9

562.3

Depreciation

111.3

115.0

124.5

15.9

158.7

Other Expenses

162.6

133.5

125.2

209.0

168.7

Operating Profit

-

-

287.7

-

-

Other Income

84.0

21.3

39.0

231.3

152.5

Interest Paid

62.1

0.0

0.0

88.9

87.9

Exceptional Income

-0.2

-0.5

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

343.2

359.0

326.7

448.3

458.2

Tax Payable / Credit

77.3

95.3

79.7

122.7

135.2

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

240.6

187.6

186.7

188.9

344.5

Profit After Taxes

25.3

76.1

60.4

136.6

-21.5

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.5

0.2

0.2

0.2

0.2

Non Audit Fees

0.2

0.3

0.2

0.4

0.2

Number of Employees

27,543

27,195

25,941

25,508

24,664

Wages

429.4

423.4

409.8

508.1

476.4

Social Security Costs

31.4

32.2

31.0

39.4

37.0

Pensions

-

0.0

-

-

-

Other Pension Costs

14.6

11.3

10.1

13.9

20.2

Employees Remuneration

475.4

466.9

450.8

561.5

533.6

Directors Emoluments

-

0.0

-

-

-

Other Costs

-

0.0

-

-

-

Directors Remuneration

-

0.0

-

-

-

Highest Paid Director

-

0.0

-

-

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

03-Sep-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.617093

0.646266

0.613083

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

119.8

152.7

174.6

-

Fixtures & Fittings

-

532.9

535.5

635.3

-

Plant & Vehicles

-

0.0

0.0

0.0

-

Total Tangible Fixed Assets

720.6

652.7

688.2

809.8

869.8

Intangible Assets

22.4

23.4

19.2

23.5

28.8

Investments

107.4

102.6

14.4

16.1

17.8

Total Fixed Assets

850.4

778.6

721.8

849.4

916.3

Stocks

471.4

-

-

-

-

Work in Progress

0.0

-

-

-

-

Total Stocks Work In Progress

471.4

417.3

414.1

405.1

460.1

Trade Debtors

34.2

27.2

34.9

24.1

52.0

Inter-Company Debtors

1,448.6

1,046.2

1,229.8

1,559.5

1,786.7

Other Debtors

56.7

50.1

55.1

62.2

60.1

Total Debtors

1,539.5

1,123.5

1,319.9

1,645.8

1,898.9

Cash and Equivalents

35.7

82.8

295.4

47.1

144.8

Other Current Assets

0.0

0.0

0.0

0.0

4.2

Total Current Assets

2,046.5

1,623.6

2,029.4

2,097.9

2,508.0

Total Assets

2,897.0

2,402.3

2,751.2

2,947.3

3,424.3

Trade Creditors

427.3

436.7

431.9

447.2

494.2

Bank Overdraft

10.2

-

-

0.0

2.2

Inter-Company Creditors

869.9

503.2

797.0

819.1

1,151.9

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

1.6

0.5

5.9

6.4

14.7

Total Finance Lease/Hire Purchase (Current Liability)

1.6

0.5

5.9

6.4

14.7

Accruals/Deferred Income (Current Liability)

130.1

116.4

102.8

132.4

173.1

Social Security/VAT

34.2

39.9

31.3

39.4

44.2

Corporation Tax

40.2

32.6

40.1

37.0

48.6

Other Current Liabilities

114.1

65.5

67.9

79.7

91.0

Total Current Liabilities

1,627.6

1,194.7

1,476.8

1,561.3

2,019.9

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

2.3

1.1

70.3

85.9

101.9

Total Hire Purchase Loans (Long Term Liability)

2.3

1.1

70.3

85.9

101.9

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

2.3

1.1

70.3

85.9

101.9

Deferred Taxation

32.7

44.4

24.5

59.1

57.5

Other Provisions

7.0

95.9

87.4

0.4

0.4

Total Provisions

39.7

140.3

111.9

59.5

57.9

Issued Capital

72.3

69.0

72.7

81.3

90.0

Share Premium Accounts

59.0

56.3

59.4

66.4

73.4

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

1,096.1

940.8

960.1

1,092.9

1,081.3

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

1,227.4

1,066.1

1,092.2

1,240.7

1,244.7

Net Worth

1,205.0

1,042.8

1,072.9

1,217.1

1,215.9

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

03-Sep-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623497

0.639819

0.642791

0.502804

0.510913

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

03-Sep-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.617093

0.646266

0.613083

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.26

1.36

1.37

1.34

1.24

Liquidity Ratio

0.97

1.01

1.09

1.08

1.01

Stock Turnover

6.84

7.25

7.30

7.90

7.44

Credit Period (Days)

3.87

3.28

4.21

2.75

5.55

Working Capital by Sales

12.99%

14.17%

18.28%

16.77%

14.26%

Trade Credit by Debtors

12.50

16.03

12.37

18.58

9.50

Return on Capital

26.80%

29.43%

26.88%

29.66%

33.62%

Return on Assets

11.74%

14.80%

12.45%

13.95%

13.79%

Profit Margin

10.55%

11.74%

11.33%

12.85%

13.80%

Return on Shareholders Funds

27.72%

33.34%

31.36%

33.14%

37.94%

Borrowing Ratio

73.36%

48.40%

81.38%

74.88%

104.51%

Equity Gearing

42.37%

44.38%

39.70%

42.09%

36.35%

Debt Gearing

0.19%

0.10%

6.55%

7.06%

8.38%

Interest Coverage

5.53

-

-

5.04

5.21

Sales by Tangible Assets

4.47

4.64

4.39

3.95

3.94

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.1

0.1

0.1

0.1

0.1

Capital Employed per Employee

0.0

0.0

0.0

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.1

0.1

0.1

0.1

0.1

Employee Remuneration by Sales

14.62%

15.27%

15.64%

16.10%

16.06%

Creditor Days (Cost of Sales Based)

56.84

62.26

60.87

59.86

63.44

Creditor Days (Sales Based)

48.38

52.65

52.15

51.03

52.70

 

 

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.