Company Identification Details
|
Subject Reported on
|
CONVERTEAM UK LTD
|
|
Registration Number
|
05571739
|
|
VAT Number
|
GB864466393
|
|
Address
|
BOUGHTON
ROAD, RUGBY, WARWICKSHIRE, CV21 1BU.
|
|
Telephone
|
01788 563 563
|
|
Facsimile
|
01788 560 767
|
|
Web Address
|
www.converteam.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 1,102,000
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
05571739
|
|
VAT Number
|
GB864466393
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
22/09/2005
|
|
Registered Office
|
BOUGHTON
ROAD, RUGBY, WARWICKSHIRE, CV21 1BU.
|
|
History
|
29/03/2006 : Change
of name from APC POWER CONVERSION LTD.
|
|
|
24/10/2005 : The
Registered Office address changed from 1 MITCHELL
LANE, BRISTOL, BS1
6BU, BS1 6BU.
|
|
Date of Last Annual Return to Registry
|
22/09/2011
|
|
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 and servicing of motors, generators,
drives, drive systems and related products.
|
|
Nace Code
|
3110
|
|
Premises
|
Leased,Offices,Warehouse,Factory
|
|
Staff Employed
|
1,315
|
|
Import Countries
|
No Import Activity
|
|
Export Countries
|
No Export Activity
|
|
Bankers
|
BARCLAYS BANK PLC
|
|
Address
|
RUGBY.
|
|
Sort Code
|
207348
|
|
Auditors
|
Ernst & Young LLP
|
|
Branches
|
MILL RD, RUGBY, WARWICKSHIRE,
CV21 1BD.
|
|
|
NELSON INDUSTRIAL
ESTATE, WEST AVENUE
KIDSGROVE, STOKE-ON-TRENT, STAFFORDSHIRE,
ST7 1TW.
|
|
|
SOUTH EAST REGIONAL
BUSINESS CNT, UNIT 2 THE COURTYARD, CAMPUS WAY, GILLINGHAM,
ME8 0NZ.
|
|
|
SWANSEA REGIONAL BUSINESS CENTRE, CLYNE HOUSE PHOENIX WAY, SWANSEA,
SOUTH GLAMORGAN, SA7 9FS.
|
|
|
LEICESTER ROAD, RUGBY, CV21 1BD.
|
|
Subsidiaries
|
CONVERTEAM LTD
|
|
|
DRIVES &
CONTROLS SERVICES LTD
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
9
|
18
|
44
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
21/03/2012
|
Miscellaneous
|
|
16/03/2012
|
Miscellaneous
|
|
15/03/2012
|
Miscellaneous
|
|
09/03/2012
|
Miscellaneous
|
|
14/02/2012
|
Miscellaneous
|
|
08/02/2012
|
Miscellaneous
|
|
27/01/2012
|
Miscellaneous
|
|
24/01/2012
|
Miscellaneous
|
|
09/01/2012
|
Miscellaneous
|
|
12/12/2011
|
Miscellaneous
|
|
02/12/2011
|
Miscellaneous
|
|
17/11/2011
|
Miscellaneous
|
|
15/11/2011
|
Miscellaneous
|
|
08/11/2011
|
Translation and interpretation activities
|
|
07/11/2011
|
Miscellaneous
|
|
27/10/2011
|
Miscellaneous
|
|
13/10/2011
|
Miscellaneous
|
|
11/10/2011
|
Miscellaneous
|
|
19/09/2011
|
Miscellaneous
|
|
07/09/2011
|
Miscellaneous
|
|
05/08/2011
|
Miscellaneous
|
|
05/08/2011
|
Miscellaneous
|
|
27/07/2011
|
Miscellaneous
|
|
22/07/2011
|
Miscellaneous
|
|
08/07/2011
|
Miscellaneous
|
|
04/07/2011
|
Miscellaneous
|
|
01/07/2011
|
Miscellaneous
|
|
30/06/2011
|
Miscellaneous
|
|
30/06/2011
|
Miscellaneous
|
|
27/06/2011
|
Miscellaneous
|
|
16/06/2011
|
Miscellaneous
|
|
10/06/2011
|
Miscellaneous
|
|
10/06/2011
|
Miscellaneous
|
|
26/05/2011
|
Miscellaneous
|
|
11/05/2011
|
Miscellaneous
|
|
06/05/2011
|
Miscellaneous
|
|
26/04/2011
|
Miscellaneous
|
|
18/04/2011
|
Miscellaneous
|
|
18/04/2011
|
Miscellaneous
|
|
15/04/2011
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
Last 36 Months
|
Last 18 Months
|
|
Amount Summary
|
7,019
|
7,019
|
7,019
|
|
Count Summary
|
1
|
1
|
1
|
|
Unsettled Amount Summary
|
7,019
|
7,019
|
7,019
|
|
Highest Amount Summary
|
7,019
|
7,019
|
7,019
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
30/01/2012
|
7,019
|
Judgment
|
BQ199266
|
|
BASILDON
|
Summary of Mortgages, Charges and Satisfactions
|
Total Number of Mortgages/Charges Registered
|
1
|
|
Number Outstanding
|
0
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
1
|
|
|
|
|
Date of Latest Mortgage Created
|
29/09/2008
|
|
Date of Latest Satisfaction
|
05/08/2010
|
Details of most recent Mortgages, Charges and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
05/08/2010
|
09/10/2008
|
29/09/2008
|
Debenture
|
395
|
The Royal Bank Of Scotland Plc (As Security Trustee For Itse
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
13/09/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
22/06/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
10/06/2010
|
Companies House Gazette
|
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by
|
|
25/06/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
08/05/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
13/03/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
14/01/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
19/11/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
01/08/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
22/11/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
28/10/2005
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
24/10/2005
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
MR MARK ALAN STODDART
|
|
Service Address
|
43
WALLINGFORD ROAD, CHOLSEY, WALLINGFORD,
OXFORDSHIRE, OX10 9LG.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Appointment Date
|
15/09/2010
|
Directors
|
Managing Director
|
STEVEN JAMES RAYNOR
|
|
Service Address
|
MOXONS LODGE, REPTON
ROAD, HARTSHORNE, BURTON ON TRENT, DE11 7AD.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
06/11/1960
|
|
Appointment Date
|
14/11/2008
|
|
Other Directorships
|
CONVERTEAM LTD, DRIVES & CONTROLS SERVICES LTD
|
|
Director
|
MR MARK ALAN STODDART
|
|
Service Address
|
43
WALLINGFORD ROAD, CHOLSEY, WALLINGFORD,
OXFORDSHIRE, OX10 9LG.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
24/11/1962
|
|
Appointment Date
|
04/05/2009
|
|
Other Directorships
|
DRIVES & CONTROLS SERVICES LTD, CONVERTEAM TECHNOLOGY
LTD, CONVERTEAM HOLDINGS NORTHERN EUROPE
LIMITED
|
|
Director
|
MR JOE MASTRANGELO
|
|
Service Address
|
2 VIA FELICE MATTEUCCI, FIRENZE.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
16/11/1968
|
|
Appointment Date
|
02/09/2011
|
|
Other Directorships
|
CONVERTEAM LTD, CONVERTEAM TECHNOLOGY LTD
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,000
|
|
Principal Shareholder
|
1,000 Converteam Holdings Northern Europe Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
CONVERTEAM HOLDINGS NORTHERN EUROPE
LIMITED
|
|
Ultimate Parent
|
CVT HOLDINGS SAS, a company incorporated in FRANCE
|
Financial Data Statutory Accounts
|
For annual accounts images, view the
|
|
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
|
319279
|
310709
|
277312
|
209759
|
|
UK sales
|
79499
|
59239
|
59470
|
50449
|
|
Export
|
239780
|
251470
|
217842
|
159310
|
|
Cost of goods sold
|
251845
|
247689
|
211723
|
155296
|
|
GROSS PROFIT
|
67434
|
63020
|
65589
|
54463
|
|
Wages and Salaries
|
44920
|
47792
|
52388
|
34079
|
|
Directors Emoluments
|
540
|
510
|
216
|
286
|
|
Auditors Fees
|
116
|
109
|
121
|
123
|
|
Trading Profit
|
30633
|
33083
|
37893
|
34103
|
|
Depreciation
|
1707
|
2013
|
1836
|
1532
|
|
OPERATING PROFIT
|
28926
|
31070
|
36057
|
32571
|
|
Non Trading Income
|
207
|
221
|
2413
|
1467
|
|
Interest Payable
|
4
|
39
|
4
|
2
|
|
PRE TAX PROFIT
|
29129
|
31252
|
38466
|
34036
|
|
Taxation
|
9727
|
8946
|
11624
|
10085
|
|
PROFIT AFTER TAX
|
19402
|
22306
|
26842
|
23951
|
|
Dividends Payable
|
9500
|
39550
|
23750
|
5500
|
|
RETAINED PROFITS
|
9902
|
(17244)
|
3092
|
18451
|
|
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
|
13693
|
11531
|
13656
|
13413
|
|
Tangible Assets
|
12133
|
9134
|
9433
|
7023
|
|
Fixed Assets
|
12133
|
9134
|
9433
|
7023
|
|
Intangible Assets
|
1560
|
2397
|
4223
|
6390
|
|
TOTAL CURRENT ASSETS
|
189288
|
167111
|
163662
|
117283
|
|
Trade debtors
|
31832
|
32790
|
46049
|
23817
|
|
Stocks
|
57050
|
45696
|
36600
|
30340
|
|
Other Current Assets
|
100406
|
88625
|
81013
|
63126
|
|
Misc Current Assets
|
4329
|
5124
|
4849
|
2464
|
|
Due From Group
|
80014
|
83492
|
70231
|
58721
|
|
Cash
|
16063
|
9
|
5933
|
1941
|
|
TOTAL ASSETS
|
202981
|
178642
|
177318
|
130696
|
|
TOTAL CURRENT LIABILITIES
|
130740
|
130743
|
130509
|
86507
|
|
Trade creditors
|
56221
|
22315
|
23764
|
16819
|
|
Short Term Loans
|
5192
|
15383
|
7523
|
3917
|
|
Bank Overdraft
|
|
13076
|
|
|
|
Due To Group
|
5192
|
2307
|
7523
|
3917
|
|
Other Liabilities
|
69327
|
93045
|
99222
|
65771
|
|
WORKING CAPITAL
|
58548
|
36368
|
33153
|
30776
|
|
TOTAL LONG TERM LIABS
|
52422
|
37982
|
19648
|
20120
|
|
Other Liabilities
|
52422
|
37982
|
19648
|
20120
|
|
NET ASSETS/(LIABILITIES)
|
19819
|
9917
|
27161
|
24069
|
|
SHARE CAPITAL + RESERVES
|
19819
|
9917
|
27161
|
24069
|
|
Share Cap + Sundry Res
|
1
|
1
|
1
|
1
|
|
Issued Share Capital
|
1
|
1
|
1
|
1
|
|
Profit and Loss account
|
19818
|
9916
|
27160
|
24068
|
|
SHAREHOLDERS FUNDS
|
19819
|
9917
|
27161
|
24069
|
|
CAPITAL EMPLOYED
|
72241
|
47899
|
46809
|
44189
|
|
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
|
540
|
510
|
216
|
286
|
|
Auditors Remuneration
|
116
|
109
|
121
|
123
|
|
Liquid Assets
|
47895
|
32799
|
51982
|
25758
|
|
Net Working Capital
|
58548
|
36368
|
33153
|
30776
|
|
Other Deferred Liabs
|
52422
|
37982
|
19648
|
20120
|
|
Tangible Net Worth(T.N.W)
|
18259
|
7520
|
22938
|
17679
|
|
Equity
|
19819
|
9917
|
27161
|
24069
|
|
Number of Years Trading
|
5
|
4
|
3
|
2
|
|
Number of Employees
|
1315
|
1427
|
1341
|
1031
|
|
Profit per Employee
|
22151.3
|
21900.5
|
28684.6
|
33012.6
|
|
Sales per Employee
|
242797.7
|
217735.8
|
206794.9
|
203452
|
|
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
|
1.4
|
1.3
|
1.3
|
1.4
|
|
Pre Tax Profit Margin%
|
9.1
|
10.1
|
13.9
|
16.2
|
|
Gross Profit%
|
21.1
|
20.3
|
23.7
|
26
|
|
Debtors Days (D.S.O)
|
36
|
39
|
61
|
41
|
|
Creditors Days (D.P.O)
|
64
|
26
|
31
|
29
|
|
Quick Ratio
|
1
|
0.9
|
1
|
1
|
|
W.I.P/Inventory Days
|
82.7
|
67.3
|
63.1
|
71.3
|
|
Return on Investment%
|
37.6
|
49.4
|
70.8
|
70.8
|
|
Return on Assets%
|
14.4
|
17.5
|
21.7
|
26
|
|
T.N.W/Total Assets%
|
9
|
4.2
|
12.9
|
13.5
|
|
Return on Capital%
|
40.3
|
65.2
|
82.2
|
77
|
|
Rtn on Shareholders Funds%
|
147
|
315.1
|
141.6
|
141.4
|
|
Working Capital/Sales%
|
18.3
|
11.7
|
12
|
14.7
|
|
Borrowing Ratio%
|
28.4
|
204.6
|
32.8
|
22.2
|
|
Equity Gearing%
|
10.8
|
5.9
|
18.1
|
22.6
|
|
Stock Turnover
|
5.6
|
6.8
|
7.6
|
6.9
|
|
Days Purchases Outstanding
|
81.5
|
32.9
|
41
|
39.5
|
|
Sales/Fixed Assets
|
26.3
|
34
|
29.4
|
29.9
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
605
|
978
|
936
|
915
|
|
Pre-Tax Profit Margin
|
12.6
|
9.1
|
7.5
|
9.2
|
|
Current Ratio
|
1.6
|
1.6
|
1.7
|
1.7
|
|
Borrowing Ratio
|
39.1
|
24.6
|
22.9
|
57.2
|
|
Return on Capital
|
53.5
|
32.6
|
35.7
|
50.3
|
|
Creditors Days
|
38
|
55
|
95
|
46
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of electric motors, generators
and transformers
|
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
|
|
The subjects turnover has increased by 3
% in the year.
|
|
Operating Profit
|
|
Totalled GBP 28,926,000. In the year
prior a Profit of GBP 31,070,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit decreased by 6 %
over the previous year.
|
|
Working Capital
|
|
The company's working capital has
increased by 61 % in the period.
|
|
Net Worth
|
|
Net worth has increased by 100 % and now
stands at GBP 19,819,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 2,162,000 to GBP 13,693,000 and are now 6 % of total
assets compared with 6 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities
increased during the period by 38% and are now 265 % of net worth compared
with 383 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 26 % of
total liabilities compared with 21 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 73 % of
capital employed, a decrease of 6 % over the previous period.
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