MIRA INFORM REPORT

 

 

Report Date :

21.06.2012

 

IDENTIFICATION DETAILS

 

Name :

BILL BEAUMONT TEXTILES LTD

 

 

Formerly Known As :

J. BLACKLEDGE & SON LIMITED

 

 

Registered Office :

3-4 Drumhead Road Chorley North Business Park Chorley PR6 7BX

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

11.03.1947

 

 

Com. Reg. No.:

00430970

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Wholesale of Textiles

 

 

No. of Employees :

Not Available

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Summary

Company Name

BILL BEAUMONT TEXTILES LTD

Company Number

00430970

 

 

 

 

Registered Address

3-4 DRUMHEAD ROAD

Trading Address

Park Mills
Deighton Road
Chorley
Lancashire
PR7 2HP

 

CHORLEY NORTH BUSINESS PARK

 

 

CHORLEY

 

 

PR6 7BX

 

Website Address

http://www.billbeaumont.co.uk

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

11/03/1947

Company Status

Active - Accounts Filed

Previous Name

J. BLACKLEDGE & SON LIMITED

Type

Private limited with Share Capital

Date of Change

01/04/2003

Filing Date of Accounts

13/12/2011

 

 

Share Capital

£4,700

SIC03

5141

Currency

GBP

SIC03 Description

WHOLESALE OF TEXTILES

SIC07

46410

SIC07 Description

WHOLESALE OF TEXTILES

Principal Activity

Merchant converting.

 

DIRECTORS/MANAGEMENT

 

Directors

Total Current Directors

3

Total Current Secretaries

2

Total Previous Directors / Company Secretaries

5

Current Directors

Name

William Blackledge Beaumont

Date of Birth

09/03/1952

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

25/09/1991

 

 

Address

Riverbank House No 3 The Grange,  Clifton Drive,  Lytham St. Annes,  FY8 5RQ

Other Actions

View Director Report

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Hilary Beaumont

Date of Birth

30/08/1954

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

16/03/1998

 

 

Address

Riverbank House,  No 3 The Grange Clifton Drive,  Lytham St. Annes,  FY8 5RQ

Other Actions

View Director Report

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Daniel William Beaumont

Date of Birth

16/11/1982

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

27/06/2011

 

 

Address

Park Mills Deighton Road,  ,  Chorley,  PR7 2HP

Other Actions

View Director Report

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

Name

Helen Berry

Date of Birth

-

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

16/03/1998

 

 

Address

86 Hurstbrook,  Coppull,  Chorley,  PR7 4QY

Other Actions

 

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Daniel Beaumont

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

19/03/2012

 

 

Address

3 Cecil Street,  Lytham,  Fylde,  FY8 5NN

Other Actions

 

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Directors

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Catherine Ellen Madge Webster

3

2

Joseph Frederick Blackledge

0

1

Lesley Joyce Blackledge

0

1

Warren Dean Platt

0

1

Michael John Haslam

0

1

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

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

Outstanding

2

Satisfied

0

Full CCJ Details

BILL BEAUMONT TEXTILES LTD

00430970

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

Mortgage Details

Mortgage Details

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

17/06/09

 

 

Date Charge Registered:

25/06/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

PARK MILLS DEIGHTON ROAD CHORLEY SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

DEED OF CHARGE OVER DEBTORS

Date Charge Created:

26/08/08

 

 

Date Charge Registered:

04/09/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIRST FIXED CHARGE OVER ALL BOOK DEBTS AND OTHER DEBTS NOW AND FROM TIME TO TIME DUE OR OWING TO THE COMPANY SEE IMAGE FOR FULL DETAILS

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

HILARY JANE BEAUMONT

1,350 PREFERENCE GBP 1.00

WILLIAM BLACKLEDGE BEAUMONT

1,350 PREFERENCE GBP 1.00

HILARY BEAUMONT

875 ORDINARY A GBP 1.00

WILLIAM BLACKLEDGE BEAUMONT

875 ORDINARY A GBP 1.00

WILLIAM BLACKLEDGE BEAUMONT & HILARY JANE BEAUMONT DISCRETIONARY TRUST 2010

150 ORDINARY A GBP 1.00

MR WARREN DEAN PLATT

50 ORDINARY B GBP 1.00

HELEN BERRY

25 ORDINARY C GBP 1.00

MICHAEL JOHN HASLAM

25 ORDINARY D GBP 1.00

 

PAYMENT INFORMATION

 

Summary – Payment History

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2011

-

-

£1,028,190

-

31/03/2010

-

-

£1,133,460

-

31/03/2009

-

-

£1,212,315

-

 

Payment Information Summary

Total number of Invoices available

30

Total number of Invoices paid within or up to 30 days after the due date

29

Total number of Invoices paid more than 30 days after the due date

1

Total number of Invoices currently outstanding where the due date has not yet been reached

0

Total number of Invoices currently outstanding beyond the due date

0


Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -

4

 

Total Value of Documented Trade Debtors / Bad Debt -

£1,464

 

 

Creditor & Debtor Details

Creditor Details

No Creditor Data

 

Total Value

-

 

Trade Debtors / Bad Debt Detail

Company Name

Amount

Statement Date

Prestigious Interiors Limited

£617

06/05/2010

Furniture Ideas Limited

£351

26/09/2011

Impact Interior Decor Limited

£308

23/06/2010

Milton Keynes Blinds Company Limited

£188

29/01/2010

 

Total Value

£1,464

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

 

No group structure

 

FINANCIAL INFORMATION

 

Financials

Profit & Loss

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£10,045

-61%

£25,779

0.3%

£25,713

-18.8%

£31,650

-11.1%

£35,614

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Tangible Assets

£716,607

-6.4%

£765,678

-0.2%

£767,036

594.9%

£110,381

-32.4%

£163,353

Intangible Assets

£1,502

-50%

£3,001

-

0

-

0

-

0

Total Fixed Assets

£718,109

-6.6%

£768,679

0.2%

£767,036

594.9%

£110,381

-32.4%

£163,353

Stock

£789,249

-30.7%

£1,138,131

25.7%

£905,270

-16.3%

£1,081,492

-23%

£1,404,589

Trade Debtors

£711,534

52.4%

£466,821

-4%

£486,346

-48.8%

£950,820

31.6%

£722,526

Cash

£5,317

-1.5%

£5,400

5.5%

£5,120

-2.3%

£5,241

-23.6%

£6,863

Other Debtors

£178,626

82.1%

£98,118

-52.3%

£205,628

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,684,726

-1.4%

£1,708,470

6.6%

£1,602,364

-21.4%

£2,037,553

-4.5%

£2,133,978

Trade Creditors

£411,996

35.4%

£304,259

470.4%

£53,341

-95.6%

£1,199,137

44.8%

£827,976

Bank Loans & Overdrafts

£128,234

-21.1%

£162,597

-81.9%

£898,116

-

0

-

0

Other Short Term Finance

0

-100%

£6,667

-96.8%

£205,628

999.9%

£942

-57.1%

£2,198

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£540,230

14.1%

£473,523

-59.1%

£1,157,085

-3.6%

£1,200,079

44.6%

£830,174

Bank Loans & Overdrafts and LTL

£962,649

-6.8%

£1,032,763

15%

£898,116

-

0

-

0

Other Long Term Finance

0

-100%

£11,666

-

0

-

0

-

0

Total Long Term Liabilities

£834,415

-4.1%

£870,166

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Called Up Share Capital

£2,000

-

£2,000

-

£2,000

-

£2,000

-

£2,000

P & L Account Reserve

£353,117

-23%

£458,387

-14.7%

£537,242

-42.8%

£938,555

-35.6%

£1,457,857

Revaluation Reserve

£665,773

-

£665,773

-

£665,773

-

-

-

-

Sundry Reserves

£7,300

-

£7,300

-

£7,300

-

£7,300

-

£7,300

Shareholder Funds

£1,028,190

-9.3%

£1,133,460

-6.5%

£1,212,315

27.9%

£947,855

-35.4%

£1,467,157

 

Other Financial Items

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Net Worth

£1,026,688

-9.2%

£1,130,459

-6.8%

£1,212,315

27.9%

£947,855

-35.4%

£1,467,157

Working Capital

£1,144,496

-7.3%

£1,234,947

177.3%

£445,279

-46.8%

£837,474

-35.8%

£1,303,804

Total Assets

£2,402,835

-3%

£2,477,149

4.5%

£2,369,400

10.3%

£2,147,934

-6.5%

£2,297,331

Total Liabilities

£1,374,645

2.3%

£1,343,689

16.1%

£1,157,085

-3.6%

£1,200,079

44.6%

£830,174

Net Assets

£1,028,190

-9.3%

£1,133,460

-6.5%

£1,212,315

27.9%

£947,855

-35.4%

£1,467,157

 

 

Miscellaneous

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,862,605

-7%

£2,003,626

65.3%

£1,212,315

27.9%

£947,855

-35.4%

£1,467,157

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

BARCLAYS BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/11

31/03/10

31/03/09

31/03/08

31/03/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

3.12

3.61

1.38

1.70

2.57

Sales/Net Working Capital

-

-

-

-

-

Gearing %

93.60

91.10

74.10

0

0

Equity in %

42.80

45.80

51.20

44.10

63.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.65

1.20

0.60

0.79

0.88

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.52

0.41

0.95

1.26

0.56

Total Debt Ratio

1.33

1.18

0.95

1.26

0.56

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na


ADDITIONAL INFORMATION

Commentary

 

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit rating.

The credit limit on this company has risen 100% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

Net Worth decreased by 9.2% during the latest trading period.

A 3% decline in Total Assets occurred during the latest trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw a decrease in their Cash Balance of 1.5% during the latest trading period.

The company is exempt from audit.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company has changed its registered address recently.

The company was established over 65 years ago.

 

Event History

Status History

No Status History found

 

 

Event History

Date

Description

12/04/2012

New Company Secretary Mr D. Beaumont appointed

23/12/2011

New Accounts Filed

07/12/2011

Change in Reg.Office

07/12/2011

Change of Company Postcode

19/10/2011

Annual Returns

18/10/2011

Change of Company Postcode

17/08/2011

New Board Member Mr D.W. Beaumont appointed

10/08/2011

New Board Member Mr D. Beaumont appointed

01/04/2011

Mr W.D. Platt has left the board

08/01/2011

New Accounts Filed

08/01/2011

New Accounts Filed

07/10/2010

Annual Returns

26/11/2009

New Accounts Filed

26/11/2009

New Accounts Filed

14/10/2009

Annual Returns

 

Previous Company Names

 

Date

Previous Name

01/04/2003

J. BLACKLEDGE & SON LIMITED

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.86

UK Pound

1

Rs.87.93

Euro

1

Rs.70.88

 

 

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.