MIRA INFORM REPORT

 

 

Report Date :

24.07.2013

 

IDENTIFICATION DETAILS

 

Name :

PORTFOLIO 2008 LIMITED

 

 

Registered Office :

Vantage House Euxton Lane Euxton Chorley PR7 6TB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2012

 

 

Date of Incorporation :

23.04.2008

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 and address

Top of Form

 

Company Name

PORTFOLIO 2008 LIMITED

Company Number

06574622

 

 

 

 

Registered Address

VANTAGE HOUSE EUXTON LANE

Trading Address

East Quarry
Appley Lane North
Appley Bridge
Wigan, Lancashire
WN6 9AE

 

EUXTON

 

 

CHORLEY

 

 

PR7 6TB

 

 

 

 

 

Website Address

http://www.ph1.co.uk

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

23/04/2008

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

01/03/2013

 

 

Share Capital

£100

SIC03

5142

Currency

GBP

SIC03 Description

Wholesale of clothing and footwear

SIC07

46420

SIC07 Description

WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity

 

Accounts Due Date 30/04/2014

Commentary

No exact match CCJs are recorded against the company.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_up.gif

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

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

Net Worth increased by 686.5% during the latest trading period.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_up.gif

A 51.1% growth in Total Assets occurred during the latest trading period.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_up.gif

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

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

The company saw a decrease in their Cash Balance of 99.5% during the latest trading period.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_down.gif

The company is exempt from audit.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

No recent changes in directorship are recorded.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

The company is part of a group.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_up.gif

The company was established over 5 years ago.

Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/07/2012

-

-

£187,437

-

31/07/2011

-

-

£23,832

-

31/07/2010

-

-

£31,694

-

 

Payment Information Summary

Days Beyond Terms

Trend Indicator

 

 

N/A

13

Company DBT

UK Average DBT

Steady

  

Improving Worsening

 

 

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

Back to TopDescription: http://app.creditsafeuk.com/CSUKlive/Images/Up.jpg

 

Mortgage Summary

Outstanding

3

Satisfied

1

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

 

Current Directors

 

Name

Ian McEvoy

Date of Birth

24/03/1965

Officers Title

Mr

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

30/04/2008

 

 

Address

58 Albert Road West, Heaton, Bolton, BL1 5HW

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Susan Margaret Watson

Date of Birth

-

Officers Title

Mrs

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

24/04/2011

 

 

Address

Vantage House Euxton Lane, Euxton, Chorley, Lancashire, PR7 6TB

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

WINNING NETWORKS LTD

GBP

100

ORDINARY

1

100

 

Profit & Loss

 

Date Of Accounts

31/07/12

(%)

31/07/11

(%)

31/07/10

(%)

30/04/09

(%)

-

Weeks

52

(%)

52

(%)

65

(%)

53

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£10,723

26.3%

£8,492

999.9%

£314

-5.7%

£333

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/07/12

(%)

31/07/11

(%)

31/07/10

(%)

30/04/09

(%)

-

Tangible Assets

£59,260

42.1%

£41,712

-7.8%

£45,229

999.9%

£998

-

-

Intangible Assets

0

-

0

-

0

-

0

-

-

Total Fixed Assets

£59,260

42.1%

£41,712

-7.8%

£45,229

999.9%

£998

-

-

Stock

£455,119

46.4%

£310,851

19.1%

£261,091

-

0

-

-

Trade Debtors

£846,964

147.3%

£342,484

12.7%

£303,934

289.7%

£77,990

-

-

Cash

£1,002

-99.5%

£206,466

225.1%

£63,518

-29.8%

£90,518

-

-

Other Debtors

0

-

0

-

0

-

0

-

-

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

-

Total Current Assets

£1,303,085

51.6%

£859,801

36.8%

£628,543

273%

£168,508

-

-

Trade Creditors

£837,430

236.9%

£248,572

12.5%

£220,925

27.9%

£172,746

-

-

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

-

Other Short Term Finance

0

-100%

£218,014

-

0

-

0

-

-

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

-

Total Current Liabilities

£837,430

79.5%

£466,586

111.2%

£220,925

27.9%

£172,746

-

-

Bank Loans & Overdrafts and LTL

£337,478

-17.9%

£411,095

-2.4%

£421,153

-

0

-

-

Other Long Term Finance

0

-

0

-

0

-

0

-

-

Total Long Term Liabilities

£337,478

-17.9%

£411,095

-2.4%

£421,153

-

0

-

-

 

Capital & Reserves

 

Date Of Accounts

31/07/12

(%)

31/07/11

(%)

31/07/10

(%)

30/04/09

(%)

-

Called Up Share Capital

£100

-

£100

999.9%

£1

-

£1

-

-

P & L Account Reserve

£187,337

689.4%

£23,732

-25.1%

£31,693

999.9%

-£3,241

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£187,437

686.5%

£23,832

-24.8%

£31,694

999.9%

-£3,240

-

-

 

Other Financial Items

 

Date Of Accounts

31/07/12

(%)

31/07/11

(%)

31/07/10

(%)

30/04/09

(%)

-

Net Worth

£187,437

686.5%

£23,832

-24.8%

£31,694

999.9%

-£3,240

-

-

Working Capital

£465,655

18.4%

£393,215

-3.5%

£407,618

999.9%

-£4,238

-

-

Total Assets

£1,362,345

51.1%

£901,513

33.8%

£673,772

297.5%

£169,506

-

-

Total Liabilities

£1,174,908

33.9%

£877,681

36.7%

£642,078

271.7%

£172,746

-

-

Net Assets

£187,437

686.5%

£23,832

-24.8%

£31,694

999.9%

-£3,240

-

-

 

Miscellaneous

 

Date Of Accounts

31/07/12

(%)

31/07/11

(%)

31/07/10

(%)

30/04/09

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

NO

-

-

Capital Employed

£524,915

20.7%

£434,927

-4%

£452,847

999.9%

-£3,240

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/07/12

31/07/11

31/07/10

30/04/09

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.56

1.84

2.85

0.98

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

180

1725

1328.80

0

-

Equity in %

13.80

2.60

4.70

-1.90

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.01

1.17

1.66

0.97

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

4.46

19.57

6.97

-53.31

-

Total Debt Ratio

6.26

36.82

20.25

-53.31

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

20/05/2013

Annual Returns

27/04/2013

New Accounts Filed

06/03/2013

New Accounts Filed

06/03/2013

New Accounts Filed

26/05/2012

Annual Returns

16/03/2012

New Accounts Filed

15/06/2011

New Company Secretary Mrs S.M. Watson appointed

25/05/2011

Annual Returns

16/12/2010

New Accounts Filed

22/06/2010

Annual Returns

21/06/2010

Mr I. McEvoy has resigned as company secretary

17/05/2010

Change in Reg.Office

17/05/2010

Change of Company Postcode

19/04/2010

Change in Reg.Office

19/04/2010

Change of Company Postcode

 

Previous Company Names

 

No Previous Names found

 

 

 

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

WINNING NETWORKS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

WINNING NETWORKS LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

WINNING NETWORKS LIMITED

 

07118522

31.07.2012

N

 

PORTFOLIO 2008 LIMITED

 

06574622

31.07.2012

N

 


Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 

Mortgage Details

 

Mortgage Type:

ALL ASSETS DEBENTURE

Date Charge Created:

30/08/11

 

 

Date Charge Registered:

02/09/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

RBS INVOICE FINANCE LIMITED

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/08/11

 

 

Date Charge Registered:

31/08/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

29/07/10

 

 

Date Charge Registered:

31/07/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NW VCLF HF LLP 'THE HOLDING FUND'

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

28/08/09

 

 

Date Charge Registered:

29/08/09

 

 

Date Charge Satisfied:

28/10/11

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BIBBY FINANCIAL SERVICES LIMITED (SECURITY TRUSTEE)

Amount Secured:

 

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

 

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

-

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Ian McEvoy

9

2

DUPORT DIRECTOR LIMITED

0

1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.68

UK Pound

1

Rs.91.66

Euro

1

Rs.78.68

 

 

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.