MIRA INFORM REPORT

 

 

Report Date :

18.12.2013

 

IDENTIFICATION DETAILS

 

Name :

MALVERN INSTRUMENTS LTD.

 

 

Formerly Known as: 

Cray Instruments And Control Ltd.

 

 

Registered Office :

Grovewood Road, Malvern, WR14 1XZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

11.08.1971

 

 

Com. Reg. No.:

01020602

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

·         supplier of analytical solutions for particle characterization and rheology applications.

·         Manufacturer of Control Instruments

·         Manufacturer of analytical devices

·         Manufacturer  of Scientific Machinery and Instrument

 

 

No. of Employees :

276

 

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

 

United Kingdom ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

 

 


Company name & address

 

Malvern Instruments Ltd.

Grovewood Road

Malvern, WR14 1XZ

United Kingdom

Tel:       01684892456

Fax:      01684892789

Web:     www.malvern.com

 

           

Synthesis

 

Employees:                  276

Company Type:            Private Subsidiary

Corporate Family:          104 Companies

Ultimate Parent:             Spectris plc

Quoted Status:             Non-quoted Company

Incorporation Date:         11-Aug-1971

Auditor:                        KPMG Audit PLC          

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2012

Reporting Currency:       British Pound Sterling

Annual Sales:               131.3  1

Net Income:                  20.9

Total Assets:                 120.7

 

 

Business Description     

 

supplier of analytical solutions for particle characterization and rheology applications

 

Industry             

Industry            Machinery and Equipment Manufacturing

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

ISIC Rev 4:        2829 - Manufacture of other special-purpose machinery

NACE Rev 2:     2899 - Manufacture of other special-purpose machinery n.e.c.

NAICS 2012:     333249 - Other Industrial Machinery Manufacturing

UK SIC 2007:    2899 - Manufacture of other special-purpose machinery n.e.c.

US SIC 1987:    3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Duncan Morgan Roberts

Business Development Director

Robert William Prestidge

Secretary

Paul Kippax

Manager-Product Systems

Paul Marshall

Purchasing Manager

Steve Anderson

Chief Engineer

 

Financial Summary

             

 

FYE: 31-Dec-2012

USD (mil)

Key Figures

 

Current Assets

107.51

Fixed Assets

13.19

Total Liabilities

29.03

Net Worth

90.01

 

Key Ratios

 

Current Ratio

3.70

Acid Test

3.23

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6311738

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6190609

 

 

Corporate Overview

 

Location

Grovewood Road

Malvern, WR14 1XZ

Worcestershire County

United Kingdom

Tel:       01684892456

Fax:      01684892789

Web:    www.malvern.com

           

Sales GBP(mil):             82.9

Assets GBP(mil):           74.7

Employees:                   276

Fiscal Year End:            31-Dec-2012

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

 

Malvern Instruments Ltd

Enigma Business Park

Malvern, WR14 1XZ

United Kingdom

 

Incorporation Date:         11-Aug-1971

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Previous Name:             Cray Instruments And Control Ltd.

Registered No.(UK):       01020602

 

Industry Codes

ANZSIC 2006 Codes:

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

ISIC Rev 4 Codes:

2829     -          Manufacture of other special-purpose machinery

 

NACE Rev 2 Codes:

2899     -          Manufacture of other special-purpose machinery n.e.c.

 

NAICS 2012 Codes:

333249  -          Other Industrial Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2007:

2899     -          Manufacture of other special-purpose machinery n.e.c.

 

Business Description

supplier of analytical solutions for particle characterization and rheology applications.

 

More Business Descriptions

 

Manufacturer of Control Instruments

 

Manufacturer of analytical devices

 

Scientific Machinery and Instrument Manufacturers

 

Malvern Instruments recognizes and supports industrys continuing drive to optimize the products it produces and the processes it employs. The company provides a range of particle analysis and rheological instrumentation that delivers inter-related measurements reflecting the complexities of particulates and disperse systems, nanomaterials and macromolecules. Malvern has a growing portfolio of patented particle analysis technologies, and the companys in-depth industry applications knowledge enables customers to achieve their competitive advantage. Analytical instrumentation from Malvern are used in the characterization of a wide variety of materials, from industrial bulk powders to the latest nanomaterials and delicate macromolecules. The broad portfolio of innovative technologies is combined with intelligent, user-friendly software. These particle analysis systems deliver industrially relevant data enabling our customers to make the connection between micro (such as particle size) and macro (bulk) material properties (rheology) and chemical identity and composition. Particle size distribution, particle shape information, zeta potential, molecular weight, chemical composition, and bulk materials properties can all be determined with the particle analysis instrumentation from the Malvern range. The companys laboratory, at-line, on-line and in-line solutions are proven in sectors as diverse as cement production and pharmaceutical drug discovery. They provide essential information that supports the understanding, improvement and optimization of many industrial processes. Extensive industry experience, understanding and in-depth analytical expertise enables Malvern to deliver exceptional support to all customers throughout the world. Headquartered in Malvern, UK, Malvern Instruments has subsidiary organizations in all major European markets, North America, China, Korea and Japan, a joint venture in India, a global distributor network and applications laboratories around the world. An area of significant innovation and investment, and one of its most significant resources, is Malvern‘s dynamic and comprehensive website. This is used to deliver information, interactive education, training and support worldwide, and it provides free access to a wealth of product, technical and applications information. Company details Company Name: Malvern Instruments Ltd Registration number: 1020602 in England Registration address: Enigma Business Park, Grovewood Road, Malvern, Worcestershire, UK. WR14 1XZ.

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

82.9

Net Income:

13.2

Assets:

74.7

Current Assets:

66.6

 

Fixed Assets:

8.2

 

Long Term Debt:

0.0

 

Total Liabilities:

18.0

 

Issued Capital:

0.3

 

Working Capital:

48.6

 

Net Worth:

55.7

 

 

 

Date of Financial Data:

31-Dec-2012

 

1 Year Growth

2.4%

NA

NA

 

Key Corporate Relationships

Auditor:

KPMG Audit PLC

 

Auditor:

KPMG Audit PLC

 

Auditor History

KPMG Audit PLC

31-Dec-2012

KPMG Audit PLC

31-Dec-2011

KPMG Audit PLC

31-Dec-2010

KPMG Audit PLC

31-Dec-2009

KPMG Audit PLC

31-Dec-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

12-31-2012

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Spectris plc
Malvern Instruments Ltd.

Malvern Instruments Ltd. 
Total Corporate Family Members: 104 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Spectris plc

Parent

Egham

United Kingdom

Electromedical and Control Instruments Manufacturing

1,950.0

7,600

OMEGA Engineering, Inc.

Subsidiary

Stamford, CT

United States

Electromedical and Control Instruments Manufacturing

 

800

Omega Engineering Inc

Branch

Swedesboro, NJ

United States

Electromedical and Control Instruments Manufacturing

69.0

250

Omegadyne, Inc.

Subsidiary

Sunbury, OH

United States

Electromedical and Control Instruments Manufacturing

164.1

100

Newport Electronics, Inc.

Affiliates

Santa Ana, CA

United States

Electromedical and Control Instruments Manufacturing

29.6

100

Newport Electronics Ltd.

Subsidiary

Manchester

United Kingdom

Residential Real Estate Leasing

0.0

25

Omega Engineering Ltd.

Subsidiary

Manchester

United Kingdom

Electromedical and Control Instruments Manufacturing

24.4

65

Omega Technologies Ltd.

Subsidiary

Manchester

United Kingdom

Residential Real Estate Leasing

0.9

 

Agemont Ltd.

Subsidiary

Manchester

United Kingdom

Property Managers

0.0

 

Newport Electronics GmbH

Affiliates

Deckenpfronn, Baden-Württemberg

Germany

Electromedical and Control Instruments Manufacturing

 

15

Omega Environmental, Inc.

Subsidiary

Laval, QC

Canada

Industrial Machinery Repair and Maintenance

25.0

12

Newport Electronics, spol. s.r.o.

Affiliates

Karvina

Czech Republic

Electromedical and Control Instruments Manufacturing

1.4

10

Newport Electronics B.V.

Affiliates

Amstelveen

Netherlands

Electromedical and Control Instruments Manufacturing

 

 

Hottinger Baldwin Messtechnik GmbH

Subsidiary

Darmstadt, Hessen

Germany

Electromedical and Control Instruments Manufacturing

196.0

700

Hottinger Baldwin Measurement Inc.

Subsidiary

Marlborough, MA

United States

Computer System Design Services

 

50

HBM SoMat Products Division

Division

Urbana, IL

United States

Computer and Peripheral Equipment Manufacturing

6.2

30

HBM nCode

Division

Southfield, MI

United States

Computer Programming

10.3

25

HBM N Code Federal LLC

Subsidiary

Starkville, MS

United States

Electromedical and Control Instruments Manufacturing

 

9

HBM France SAS

Subsidiary

Mennecy

France

Electromedical and Control Instruments Manufacturing

16.0

34

Hottinger Baldwin Messtechnik GmbH

Subsidiary

Vienna

Austria

Electromedical and Control Instruments Manufacturing

 

15

HBM Iberica, S. L.

Subsidiary

Madrid

Spain

Electromedical and Control Instruments Manufacturing

 

10

HBM Norge AS

Subsidiary

Trollasen

Norway

Electromedical and Control Instruments Manufacturing

4.1

7

Hottinger Baldwin Messtechnik AG

Subsidiary

Volketswil

Switzerland

Electromedical and Control Instruments Manufacturing

5.9

5

HBM Danmark ApS

Subsidiary

Horning

Denmark

Electromedical and Control Instruments Manufacturing

3.1

3

Hottinger Baldwin Measurement (Suzhou) Co. Ltd.

Subsidiary

Suzhou, Jiangsu

China

Computer System Design Services

 

 

Brüel & Kjær Sound & Vibration Measurement A/S

Subsidiary

Nærum

Denmark

Electromedical and Control Instruments Manufacturing

150.8

464

Bruel & Kjaer Sound & Vibration

Subsidiary

Naerum

Denmark

Electromedical and Control Instruments Manufacturing

 

500

Bruel & Kjaer

Subsidiary

Norcross, GA

United States

Machinery Wholesale

13.5

100

PANalytical BV

Subsidiary

Almelo

Netherlands

Electromedical and Control Instruments Manufacturing

 

450

Panalytical Sas

Subsidiary

Limeil Brevannes

France

Machinery Wholesale

14.7

34

PANalytical, Inc.

Subsidiary

Saint Laurent, QC

Canada

Electronics Wholesale

3.4

9

Red Lion Controls Inc.

Subsidiary

York, PA

United States

Electromedical and Control Instruments Manufacturing

 

200

Spectris Company Limited

Subsidiary

Tokyo

Japan

Semiconductor and Other Electronic Component Manufacturing

 

200

Servomex Ltd.

Subsidiary

Egham

United Kingdom

Miscellaneous Professional Services

 

168

Servomex Inc

Subsidiary

Sugar Land, TX

United States

Professional and Commercial Equipment Wholesale

21.3

40

Servomex BV

Subsidiary

Zoetermeer

Netherlands

Electromedical and Control Instruments Manufacturing

 

15

Servomex Asia Pacific Ltd

Subsidiary

Taipei

Taiwan

Electromedical and Control Instruments Manufacturing

 

14

Servomex GmbH

Subsidiary

Hamm

Germany

Electromedical and Control Instruments Manufacturing

 

8

Particle Measuring Systems, Inc.

Subsidiary

Boulder, CO

United States

Electromedical and Control Instruments Manufacturing

44.4

160

Microscan Systems, Inc.

Subsidiary

Renton, WA

United States

Computer and Peripheral Equipment Manufacturing

 

150

Microscan Systems Inc

Branch

Nashua, NH

United States

Machinery Wholesale

8.9

5

BTG Eclepens SA

Subsidiary

Eclepens

Switzerland

Electromedical and Control Instruments Manufacturing

85.7

107

Bruel & Kjaer France

Subsidiary

Mennecy

France

Machinery Wholesale

18.9

93

NDC Infrared Engineering Inc.

Subsidiary

Irwindale, CA

United States

Electromedical and Control Instruments Manufacturing

20.7

85

Beta LaserMike, Inc.

Subsidiary

Dayton, OH

United States

Metal Products Manufacturing

0.9

80

DCM Industries, Inc.

Subsidiary

Hayward, CA

United States

Electromedical and Control Instruments Manufacturing

 

 

Particle Measuring Systems Ltd.

Subsidiary

Marlow

United Kingdom

Electronics Wholesale

 

75

Spectris Pte Ltd

Subsidiary

Singapore

Singapore

Electromedical and Control Instruments Manufacturing

41.4

66

BTG Instruments AB

Subsidiary

Saffle

Sweden

Electromedical and Control Instruments Manufacturing

33.2

66

N-TRON, Corp.

Subsidiary

Mobile, AL

United States

Semiconductor and Other Electronic Component Manufacturing

10.0

60

Hbm United Kingdom Ltd.

Subsidiary

Rotherham

United Kingdom

Publishing

14.9

57

Sixnet, LLC

Subsidiary

Ballston Lake, NY

United States

Electromedical and Control Instruments Manufacturing

 

45

Sixnet Wireless Product Group USA

Unit

Saint Louis, MO

United States

Communications Equipment Manufacturing

 

25

Sixnet Wireless Product Group Canada

Unit

Lachine, QC

Canada

Computer Programming

7.5

10

ASD Inc

Subsidiary

Boulder, CO

United States

Electromedical and Control Instruments Manufacturing

11.8

44

Bruel & Kjaer Vibro

Subsidiary

Naerum

Denmark

Electromedical and Control Instruments Manufacturing

0.0

40

Malvern Instruments GmbH

Subsidiary

Herrenberg, Baden-Württemberg

Germany

Health and Personal Care Wholesale

13.6

30

Panalytical Inc

Subsidiary

Westborough, MA

United States

Architecture and Engineering

7.9

30

Bruel & Kjaer Iberica Sa

Subsidiary

San Sebastian De Los Reyes, Madrid

Spain

Machinery Wholesale

6.8

27

Panalytical Ltd.

Subsidiary

Cambridge

United Kingdom

Miscellaneous Wholesale

11.4

25

Bruel & Kjaer UK Ltd.

Subsidiary

Royston

United Kingdom

Electromedical and Control Instruments Manufacturing

10.8

23

Novisim Ltd.

Subsidiary

Royston

United Kingdom

Computer System Design Services

0.4

 

Panalytical SRL

Subsidiary

Lissone

Italy

Machinery and Equipment Manufacturing

7.6

18

Bruel & Kjaer Italia SRL

Subsidiary

Rozzano

Italy

Miscellaneous Wholesale

5.8

10

Diamond Blade Oy

Subsidiary

Parhalahti

Finland

Metal Products Manufacturing

3.7

10

Hottinger Baldwin Messtechnik Gmbh

Subsidiary

Waalwijk, Noord-Brabant

Netherlands

Machinery Wholesale

 

8

Oy Btg Finland AB

Subsidiary

Espoo

Finland

Professional and Commercial Equipment Wholesale

1.1

7

Bruel & Kjaer (South Asia Pacific) Pte Ltd

Subsidiary

Singapore

Singapore

Electromedical and Control Instruments Manufacturing

 

7

Spectris Germany GmbH

Subsidiary

Darmstadt, Hessen

Germany

Holding Companies

 

4

Brüel & Kjaer Vibro GmbH

Subsidiary

Darmstadt, Hessen

Germany

Machinery and Equipment Manufacturing

 

200

Brüel & Kjaer GmbH

Subsidiary

Bremen, Bremen

Germany

Professional and Commercial Equipment Wholesale

25.1

42

BTG Instruments GmbH

Subsidiary

Herrsching A. Ammersee, Bayern

Germany

Machinery and Equipment Manufacturing

 

30

PANalytical GmbH

Subsidiary

Kassel, Hessen

Germany

Machinery and Equipment Manufacturing

15.3

25

Spectris Netherlands B.V.

Subsidiary

Almelo, Overijssel

Netherlands

Banking

155.3

 

Red Lion Controls B.V.

Subsidiary

Amersfoort, Utrecht

Netherlands

Data Processing

 

14

Brüel & Kjaer Ems B.V.

Subsidiary

Ijsselstein Ut, Utrecht

Netherlands

Software

 

4

Brüel & Kjaer Nederland B.V.

Subsidiary

Ijsselstein Ut, Utrecht

Netherlands

Electronics Wholesale

 

2

Spectris Inc.

Subsidiary

Libertyville, IL

United States

Semiconductor and Other Electronic Component Manufacturing

93.2

 

Particle Measuring Systems Inc

Subsidiary

 

 

 

42.1

 

Burnfield Ltd.

Subsidiary

Egham

United Kingdom

Miscellaneous Professional Services

 

 

Viscotek Europe Ltd.

Subsidiary

Egham

United Kingdom

Electromedical and Control Instruments Manufacturing

 

 

Spectris Group Holdings Ltd.

Subsidiary

Egham

United Kingdom

Miscellaneous Professional Services

 

 

Malvern Instruments Ltd.

Subsidiary

Malvern

United Kingdom

Machinery and Equipment Manufacturing

131.3

276

Malvern Instruments

Subsidiary

Orsay

France

Machinery and Equipment Manufacturing

9.7

34

Nanosight Ltd.

Subsidiary

Salisbury

United Kingdom

Physicians and Health Practitioners

9.0

25

Viscotek

Subsidiary

Houston, TX

United States

Medical Equipment and Supplies

10.4

18

Malvern Instruments Nordic AB

Subsidiary

Uppsala, Uppsala

Sweden

Professional and Commercial Equipment Wholesale

4.5

14

Malvern Instruments Inc

Subsidiary

Westborough, MA

United States

Nonclassifiable Establishments

 

12

Malvern Instruments Inc

Subsidiary

Columbia, MD

United States

Non-Metallic Mineral Product Manufacturing

1.5

8

Servomex Group Ltd.

Subsidiary

Crowborough

United Kingdom

Electromedical and Control Instruments Manufacturing

64.8

199

Servomex S.A.

Subsidiary

Paris

France

Electromedical and Control Instruments Manufacturing

5.3

9

Bruel & Kjaer Vts Ltd.

Subsidiary

Royston

United Kingdom

Machinery and Equipment Manufacturing

25.9

102

Spectris Do Brasil Instrumentos Eletrônicos Ltda.

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Machinery Wholesale

20.5

73

Ndc Infrared Engineering Ltd.

Subsidiary

Maldon

United Kingdom

Electromedical and Control Instruments Manufacturing

37.7

68

Spectris Taiwan Limited

Subsidiary

Taipei City, Taipei

Taiwan

Professional and Commercial Equipment Wholesale

 

33

HBM Italia s.r.l.

Subsidiary

Milan

Italy

Electromedical and Control Instruments Manufacturing

8.2

17

Spectris China Limited

Subsidiary

Tsim Sha Tsui, Kowloon

Hong Kong

Professional and Commercial Equipment Wholesale

 

12

Spectris Korea Co., Ltd.

Subsidiary

Songnam, Kyonggi-Do

Korea, Republic of

Machinery Wholesale

18.0

 

Spectris Technologies Private Limited

Subsidiary

Gurgaon, Haryana

India

Professional and Commercial Equipment Wholesale

2.3

 

Spectris Ncode Ltd.

Subsidiary

Harrow

United Kingdom

Miscellaneous Wholesale

0.0

 

Spectris Us Holdings Ltd.

Subsidiary

Egham

United Kingdom

Miscellaneous Professional Services

 

 

Spectris UK Holdings Ltd.

Subsidiary

Egham

United Kingdom

Miscellaneous Professional Services

 

 

Til 83 Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

Spectris Pension Trustees Ltd.

Subsidiary

Egham

United Kingdom

Banking

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Rowena Dawn Innocent

 

Engineering Director, Board Member

Director/Board Member

 

Age: 43

 

Social: 

John Martin

 

Director

Director/Board Member

 

 

Age: 55

 

John Simon Mccaskie

 

Director

Director/Board Member

 

 

Age: 50

 

Robert William Prestidge

 

Secretary

Director/Board Member

 

 

Age: 53

 

Clive John Snowdon

 

Director

Director/Board Member

 

 

Paul Iran Walker

 

Director

Director/Board Member

 

 

Age: 62

 

Education:

Salgrenska University of Göteborg , Sweden, PhD 
Salgrenska University of Göteborg Sweden, PhD 
The University of Western Ontario, MD 

 

Social: 

James Charles Webster

 

Director

Director/Board Member

 

 

Age: 63

 

 

 

 

 

Executives

 

Name

Title

Function

 

Robert William Prestidge

 

Secretary

Company Secretary

 

Age: 53

 

Natalie Rogers

 

Human Resources Manager

Human Resources Executive

 

 

Jane Bishop

 

Sales and Marketing Executive

Sales Executive

 

 

Masaaki Nakata

 

Manager-Sales-Process Systems-Japan

Sales Executive

 

 

Alison Vines

 

Sales and Marketing Assistant

Sales Executive

 

 

Stephen Ward-Smith

 

Key Account Manager

Sales Executive

 

 

Ulf Willen

 

Global Sales Manager

International Sales Executive

 

 

Social: 

Renate Hessemann

 

Marketing Communications Manager

Marketing Executive

 

 

Paul Kippax

 

Manager-Product Systems

Information Executive

 

 

Steve Anderson

 

Chief Engineer

Engineering/Technical Executive

 

 

Social: 

Mark Fenemore

 

IT Manager

Engineering/Technical Executive

 

 

Social: 

Rowena Dawn Innocent

 

Engineering Director, Board Member

Engineering/Technical Executive

 

 

Age: 43

 

Social: 

Duncan Morgan Roberts

 

Business Development Director

Business Development Executive

 

 

Age: 56

 

Paul Marshall

 

Purchasing Manager

Purchasing Executive              

 

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Grovewood Road
Malvern
United Kingdom WR14 1XZ

Tel: 01684892456
Fax: 01684892789
URL: http://www.malvern.com

Annual Return Date: 08 May 2013
Total Issued Capital (GBP 000): 272

 

Individual Directors


Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Duncan Morgan 
Roberts

Current

14 Jan 1957

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

24 Jun 1998

NA

Current:2
Previous:0
Disqualifications:0

 

Paul Iran 
Walker

Current

20 Oct 1951

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

05 Jan 1994

NA

Current:6
Previous:4
Disqualifications:0

 

James Charles 
Webster

Current

21 Jun 1950

6 Oak Drive, Highworth, 
Swindon, Wiltshire SN6 7BP

21 Mar 1997

NA

Current:14
Previous:10
Disqualifications:0

 

Diana Jane 
Bishop

Current

25 May 1958

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

21 Feb 1994

NA

Current:1
Previous:0
Disqualifications:0

 

Rowena Dawn 
Innocent

Current

11 Sep 1970

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

10 Aug 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Robert William 
Prestidge

Current

11 Nov 1960

C/O Malvern Instruments Ltd Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

21 May 1998

NA

Current:3
Previous:2
Disqualifications:0

 

John Simon 
Mccaskie

Current

09 Jun 1963

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

12 May 2010

NA

Current:1
Previous:0
Disqualifications:0

 

John 
Martin

Current

18 Aug 1958

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

01 Jan 2007

NA

Current:1
Previous:0
Disqualifications:0

 

Clive John 
Snowdon

Previous

07 Jun 1953

New End Barn, Spernall Lane Great Alne, 
Alcester, Warwickshire B49 6JD

13 Jul 1992

NA

Current:7
Previous:71
Disqualifications:0

 

Sulakhan 
Sahota

Previous

11 Mar 1960

Shrewley Lodge Farm Five Ways, Hatton, 
Warwick, Warwickshire CV35 7JD

NA

10 Dec 1992

Current:0
Previous:2
Disqualifications:0

 

David James 
Campbell

Previous

18 Dec 1947

St Wulstans Church Lane, Tibberton, 
Droitwich, Worcestershire WR9 7NW

29 Jul 1994

21 May 1998

Current:1
Previous:4
Disqualifications:0

 

David William
Thompson

Previous

29 Jun 1959

70 Broadway, Earlsdon, 
Coventry, West Midlands CV5 6NU

28 Jul 1993

NA

Current:3
Previous:7
Disqualifications:0

 

Alan Richard 
Bragginton

Previous

12 May 1945

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

28 Nov 1991

12 May 2010

Current:0
Previous:1
Disqualifications:0

 

Christopher Martin 
Hughes

Previous

06 Nov 1946

Kettlepin House Marley Drive, 
Exmouth, Devon EX8 5DY

NA

17 Mar 1993

Current:0
Previous:1
Disqualifications:0

 

David John 
Watson

Previous

25 Sep 1951

The Spinney Picken End, Hanley Swan, 
Worcester, Worcestershire WR8 0DQ

28 Nov 1991

16 Sep 1994

Current:1
Previous:2
Disqualifications:0

 

David 
Aslin

Previous

05 Jul 1950

Parkside, Much Marcle, 
Ledbury, Herefordshire HR8 2NW

NA

30 Sep 1994

Current:0
Previous:3
Disqualifications:0

 

Gregory Paul 
Davidson

Previous

22 Nov 1951

3 The Swallow, Wellington Heath, 
Ledbury, Herefordshire HR8 1NA

06 May 1995

30 Sep 1998

Current:0
Previous:3
Disqualifications:0

 

Terry Alan 
Cooper

Previous

29 Dec 1955

Kettlepin Cottage, Rectory Lane, 
Malvern, Worcestershire WR13 5AB

11 Mar 1993

21 May 1998

Current:0
Previous:3
Disqualifications:0

 

Edgar Neil 
Lewis

Previous

25 Sep 1957

Malvern Instruments Ltd Enigma Business Park, Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

02 Jan 2009

10 Aug 2011

Current:0
Previous:1
Disqualifications:0

 

John Stefan 
Burmicz

Previous

12 May 1955

12 Bell Mead, 
Sawbridgeworth, Hertfordshire CM21 9ES

NA

17 Dec 1992

Current:2
Previous:2
Disqualifications:0

 

Richard William 
Hall

Previous

04 Feb 1961

4 Silver Close, Minety, 
Malmesbury, Wiltshire SN16 9QT

01 Dec 2003

31 Oct 2005

Current:1
Previous:2
Disqualifications:0

 

Andrew John 
Plant

Previous

08 Mar 1963

Upper Grove End Farm Henbrook Lane, Upper Brailes, 
Banbury, Oxfordshire OX15 5BA

NA

28 Jul 1993

Current:5
Previous:6
Disqualifications:0

 

Craig Timothy 
Howarth

Previous

NA

28 King Edwards Road, 
Malvern, Worcestershire WR14 4AJ

08 Mar 2001

14 Aug 2005

Current:0
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 


 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

 

Hockley Court Investment Management Limited

Previous

Fairey Group Plc, Station Road, 
Egham, Surrey TW20 9LB

10 Dec 1992

26 Mar 1998

 

Henley Investment Management Limited

Previous

Fairey Group Plc, Station Road, 
Egham, Surrey TW20 9LB

10 Dec 1992

26 Mar 1998

 

 

 

 

 

Individual Secretaries


Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Robert William 
Prestidge

Current

11 Nov 1960

C/O Malvern Instruments Ltd Grovewood Road, 
Malvern, Worcestershire WR14 1XZ

21 May 1998

NA

Current:3
Previous:2
Disqualifications:0

 

Graham John
Parsons

Previous

03 Oct 1935

Derwent Ridge, Bullhurst Lane Weston Underwood, 
Ashbourne, Derbyshire DE6 4PA

17 Mar 1993

19 Mar 1997

Current:0
Previous:32
Disqualifications:0

 

David James 
Campbell

Previous

18 Dec 1947

St Wulstans Church Lane, Tibberton, 
Droitwich, Worcestershire WR9 7NW

19 Mar 1997

21 May 1998

Current:1
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

Individual Shareholders

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders


Company Name

Registration Number

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Spectris Group Holdings Ltd

01104312

272290 Ordinary GBP 1.00

Ordinary

272,290

1.00

272,290.00

100.00

 

 

 

Annual Profit & Loss

 

 

Financials in: USD (mil) 

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

 

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.631174

0.623776

0.647573

0.641508

0.545576

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

9.0

8.0

7.0

7.4

9.6

Turnover (Exports)

122.2

121.8

97.0

80.8

81.7

Total Turnover

131.3

129.8

104.1

88.2

91.3

Cost of Sales

54.1

50.6

40.3

32.9

37.3

Gross Profit

77.2

79.1

63.8

55.4

54.0

Depreciation

1.6

1.4

1.4

1.5

1.6

Other Expenses

50.7

49.7

42.1

34.3

40.6

Operating Profit

26.5

29.5

21.6

21.1

13.4

Other Income

0.3

0.2

0.1

0.1

0.5

Interest Paid

0.0

0.0

0.0

0.0

0.0

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

26.8

29.7

21.7

21.1

13.8

Tax Payable / Credit

5.9

7.8

4.8

7.1

4.8

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

7.7

1.8

Profit After Taxes

20.9

21.9

16.9

6.3

7.2

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.1

0.1

0.1

0.1

Number of Employees

276

247

228

200

203

Wages

15.4

13.8

11.7

11.1

13.0

Social Security Costs

2.0

1.7

1.6

1.3

1.4

Pensions

0.1

0.1

0.1

-

-

Other Pension Costs

2.2

2.4

1.8

0.7

1.1

Employees Remuneration

19.6

18.0

15.1

13.1

15.4

Directors Emoluments

1.5

1.6

1.4

-

-

Other Costs

0.2

0.6

0.1

-

-

Directors Remuneration

1.8

2.3

1.5

1.5

1.2

Highest Paid Director

0.5

0.6

0.4

0.4

0.6

 

 


Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619061

0.643459

0.638712

0.619253

0.695531

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

7.2

7.1

7.3

7.8

7.1

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

4.3

4.3

2.7

2.1

2.6

Total Tangible Fixed Assets

11.5

11.4

10.0

9.9

9.7

Intangible Assets

1.7

3.6

5.3

6.3

6.9

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

13.2

14.9

15.3

16.2

16.6

Stocks

11.9

12.2

7.0

5.6

5.7

Work in Progress

1.7

1.8

1.4

1.2

2.4

Total Stocks Work In Progress

13.6

14.0

8.4

6.8

8.1

Trade Debtors

11.6

10.5

9.1

10.5

9.5

Inter-Company Debtors

74.0

53.5

30.9

13.7

4.1

Other Debtors

1.8

2.0

1.9

2.0

2.3

Total Debtors

87.4

66.1

41.8

26.2

15.8

Cash and Equivalents

6.4

2.6

6.5

5.3

0.9

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

107.5

82.7

56.8

38.3

24.8

Total Assets

120.7

97.6

72.1

54.5

41.3

Trade Creditors

8.8

9.5

8.1

6.1

6.5

Inter-Company Creditors

8.1

6.6

4.0

2.8

5.5

Accruals/Deferred Income (Current Liability)

5.4

5.9

7.7

-

3.6

Social Security/VAT

-

-

-

4.5

-

Corporation Tax

6.1

7.5

6.3

10.8

3.8

Other Current Liabilities

0.6

0.7

0.2

1.5

2.2

Total Current Liabilities

29.0

30.2

26.4

25.7

21.5

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)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.4

0.4

0.4

0.4

0.4

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

91.1

66.8

45.1

28.2

19.2

Other Reserves

0.2

0.2

0.2

0.2

0.2

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

91.7

67.4

45.7

28.8

19.8

Net Worth

90.0

63.9

40.5

22.5

12.9

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619061

0.643459

0.638712

0.619253

0.695531

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

3.70

2.74

2.15

1.49

1.15

Liquidity Ratio

3.23

2.28

1.83

1.22

0.78

Stock Turnover

981.00

901.00

1,253.00

1,336.00

888.00

Credit Period (Days)

3,172.00

3,049.00

3,139.00

4,198.00

4,837.00

Working Capital by Sales

5,864.00%

4,174.00%

2,883.00%

1,375.00%

450.00%

Trade Credit by Debtors

76.00

90.00

89.00

58.00

68.00

Return on Capital

2,986.00%

4,269.00%

4,818.00%

7,614.00%

5,475.00%

Return on Assets

2,268.00%

2,949.00%

3,056.00%

4,019.00%

2,622.00%

Profit Margin

2,045.00%

2,288.00%

2,089.00%

2,397.00%

1,513.00%

Return on Shareholders Funds

2,986.00%

4,269.00%

4,818.00%

7,614.00%

5,475.00%

Borrowing Ratio

896.00%

1,026.00%

993.00%

1,250.00%

4,237.00%

Equity Gearing

7,595.00%

6,909.00%

6,343.00%

5,278.00%

4,789.00%

Interest Coverage

-

-

-

-

107,700.00

Sales by Tangible Assets

1,161.00

1,108.00

1,050.00

922.00

741.00

Average Remuneration per Employee

0.1

0.1

0.1

0.1

0.1

Profit per Employee

0.1

0.1

0.1

0.1

0.1

Sales per Employee

0.5

0.5

0.5

0.5

0.4

Capital Employed per Employee

0.3

0.3

0.2

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.4

0.4

0.3

0.3

0.2

Employee Remuneration by Sales

1,493.00%

1,385.00%

1,450.00%

1,488.00%

1,690.00%

Creditor Days (Cost of Sales Based)

5,824.00

7,064.00

7,252.00

6,529.00

8,058.00

Creditor Days (Sales Based)

2,399.00

2,755.00

2,808.00

2,432.00

3,293.00

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.96

UK Pound

1

Rs.101.14

Euro

1

Rs.85.33

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.