MIRA
INFORM REPORT
|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Correct Name : |
WM MORRISON SUPERMARKETS P L C |
|
|
|
|
Registered Office : |
Hilmore House, Gain Lane, Bradford, Bd3 7dl |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
29.01.2012 |
|
|
|
|
Date of Incorporation : |
22.01.1940 |
|
|
|
|
Com. Reg. No.: |
00358949 |
|
|
|
|
Legal Form : |
Public limited with Share Capital |
|
|
|
|
Line of Business : |
Retail non-specialised stores, food, beverages or tobacco |
|
|
|
|
No. of Employees : |
131207 employees |
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 : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United
Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third
largest economy in Europe after Germany and France. 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 aims 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 23% by 2015. The Bank of England (BoE) implemented an
asset purchase program of up to £325 billion (approximately $525 billion) as of
February 2011. 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).
|
Source : CIA |
REGISTERED NAME &
COMPANY SUMMARY
|
Company Name |
WM MORRISON SUPERMARKETS P L C |
Company Number |
00358949 |
|
Registered
Address |
HILMORE HOUSE |
Trading Address |
Titwood Road |
|
|
GAIN LANE |
|
|
|
|
BRADFORD |
|
|
|
|
BD3 7DL |
|
|
|
Website Address |
|
|
|
|
Telephone Number
|
08456115000 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
22/01/1940 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Public limited with Share Capital |
|
|
|
FTSE Index |
FTSE 100 company |
|
Date of Change |
- |
Filing Date of
Accounts |
16/06/2012 |
|
|
|
Share Capital |
- |
|
SIC03 |
5211 |
Currency |
|
|
SIC03
Description |
RETAIL NON-SPECIALISED STORES, FOOD, BEVERAGES OR TOBACCO |
||
|
SIC07 |
47110 |
||
|
SIC07
Description |
RETAIL SALE IN NON-SPECIALISED STORES WITH FOOD, BEVERAGES OR TOBACCO
PREDOMINATING |
||
|
Principal
Activity |
A group engaged in the operation of retail supermarket stores and
associated activities. Revenue = Turnover |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
7 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
23 |
Current Directors
|
Name |
Penelope Lesley Hughes |
Date of Birth |
31/07/1959 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
01/01/2010 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
|
Name |
Philip Gotsall Cox |
Date of Birth |
22/09/1951 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
01/04/2009 |
|
|
|
Address |
Hilmore House, Gain Lane,
Bradford, BD3 7DL |
||
|
Name |
Johanna Elizabeth Martin Waterous |
Date of Birth |
12/09/1957 |
|
Officers Title |
Mrs |
Nationality |
Canadian |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
01/02/2010 |
|
|
|
Address |
Hilmore House, Gain Lane,
Bradford, BD3 7DL |
||
|
Name |
Nigel Mark Inches Robertson |
Date of Birth |
16/11/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
01/07/2005 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
|
Name |
Richard Pennycook |
Date of Birth |
26/02/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
19 |
Function |
Director |
|
Appointment Date |
01/10/2005 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
|
Name |
Ian Gibson |
Date of Birth |
01/02/1947 |
|
Officers Title |
Sir |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2007 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
|
Name |
Timothy David Dalton Philips |
Date of Birth |
18/02/1968 |
|
Officers Title |
Mr |
Nationality |
Irish |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
29/03/2010 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
Current Company
Secretary
|
Name |
Gregory Joseph McMahon |
Date of Birth |
21/09/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
117 |
Function |
Company Secretary |
|
Appointment Date |
16/03/2009 |
|
|
|
Address |
Hilmore House, Gain Lane, Bradford, BD3 7DL |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Duncan Henry Davidson |
5 |
24 |
|
8 |
55 |
|
|
10 |
31 |
|
|
10 |
31 |
|
|
5 |
10 |
|
|
1 |
11 |
|
|
0 |
1 |
|
|
0 |
2 |
|
|
0 |
4 |
|
|
0 |
1 |
|
|
27 |
50 |
|
|
4 |
11 |
|
|
1 |
6 |
|
|
4 |
9 |
|
|
0 |
10 |
|
|
3 |
59 |
|
|
7 |
31 |
|
|
2 |
13 |
|
|
4 |
1 |
|
|
0 |
4 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
NEGATIVE INFORMATION
Debtors / Bad Debt
Summary
|
Total Number of Documented Trade Debtors / Bad Debt - |
15 |
|
|
Total Value of Documented Trade Debtors / Bad Debt - |
£234,704 |
|
CCJ
|
*Total Number of Exact CCJs - |
11 |
Total Value of Exact CCJs - |
£131,714 |
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
6 |
Total Value of Satisfied CCJs - |
£4,349 |
|
Total Number of Writs - |
- |
|
|
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
25/11/2012 |
NORTHAMPTON CCMCC |
£77,779 |
Judgement |
2YM69192 |
- |
|
25/05/2012 |
NORTHAMPTON CCBC |
£389 |
Satisfied |
2XC65701 |
20/08/2012 |
|
15/05/2012 |
NORTHAMPTON CCMCC |
£241 |
Judgement |
2YJ53116 |
- |
|
25/04/2012 |
NORTHAMPTON CCBC |
£1,655 |
Judgement |
2QT26378 |
- |
|
03/02/2012 |
NORTHAMPTON CCBC |
£1,639 |
Judgement |
2XX80003 |
- |
Possible CCJ
Details
There are no possible CCJ details
|
Date |
Court |
Plaintiff |
|
27/02/2012 |
R C J - LONDON QUEENS BENCH |
RENSHAW NAPIER LTD |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
25/11/2012 |
NORTHAMPTON CCMCC |
£77,779 |
Judgement |
2YM69192 |
- |
|
25/05/2012 |
NORTHAMPTON CCBC |
£389 |
Satisfied |
2XC65701 |
20/08/2012 |
|
15/05/2012 |
NORTHAMPTON CCMCC |
£241 |
Judgement |
2YJ53116 |
- |
|
25/04/2012 |
NORTHAMPTON CCBC |
£1,655 |
Judgement |
2QT26378 |
- |
|
03/02/2012 |
NORTHAMPTON CCBC |
£1,639 |
Judgement |
2XX80003 |
- |
|
06/05/2011 |
WAKEFIELD |
£16,500 |
Judgement |
9HD02120 |
- |
|
12/01/2010 |
ST HELENS |
£508 |
Satisfied |
9SW02281 |
24/02/2010 |
|
20/12/2009 |
NORTHAMPTON CCBC |
£1,324 |
Satisfied |
9XZ78053 |
25/02/2010 |
|
29/10/2009 |
NORTHAMPTON CCBC |
£1,369 |
Judgement |
9XF80755 |
- |
|
16/09/2009 |
NORTHAMPTON CCBC |
£570 |
Satisfied |
9XH00670 |
21/10/2009 |
|
30/07/2009 |
NORTHAMPTON CCBC |
£226 |
Judgement |
9XN01826 |
- |
|
26/06/2009 |
WALSALL |
£308 |
Judgement |
9WJ82449 |
- |
|
09/04/2009 |
NORTHAMPTON CCBC |
£1,476 |
Satisfied |
9XW50079 |
22/05/2009 |
|
18/04/2008 |
SOUTHPORT |
£82 |
Satisfied |
7QT61931 |
29/05/2008 |
|
11/02/2008 |
TELFORD |
£31,315 |
Judgement |
6SY01274 |
- |
|
23/11/2007 |
NORTHAMPTON CCBC |
£552 |
Judgement |
7XK94809 |
- |
|
27/03/2007 |
NORTHAMPTON CCBC |
£130 |
Judgement |
7QZ29020 |
- |
Possible CCJs
Details
|
There are no possible CCJ details |
Writ Details
|
Date |
Court |
Plaintiff |
|
27/02/2012 |
R C J - LONDON QUEENS BENCH |
RENSHAW NAPIER LTD |
SHARE & SHARE
CAPITAL INFORMATION
Top 20
Shareholders
|
No Shareholder Details |
PAYMENT INFORMATION
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Within terms.
|
|
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors /
Bad Debt Detail
|
Company Name |
Amount |
Statement Date |
|
£78,600 |
29/11/2011 |
|
|
£48,098 |
14/10/2011 |
|
|
£40,083 |
30/12/2011 |
|
|
£19,548 |
27/04/2012 |
|
|
£18,000 |
26/04/2012 |
|
|
£7,500 |
13/04/2011 |
|
|
£7,193 |
22/09/2009 |
|
|
£6,195 |
24/09/2009 |
|
|
£4,617 |
04/10/2010 |
|
|
£1,800 |
25/08/2011 |
|
|
£1,189 |
30/12/2011 |
|
|
£669 |
25/09/2012 |
|
|
£588 |
10/03/2010 |
|
|
£360 |
09/05/2012 |
|
|
£264 |
23/09/2010 |
|
Total Value |
£234,704 |
GROUP STRUCTURE &
AFFILIATED COMPANIES
|
Group |
73 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Summary
|
Holding Company |
WM MORRISON SUPERMARKETS P L C |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding
Company |
WM MORRISON SUPERMARKETS P L C |
Group structure
|
Company Name |
|
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
|
00358949 |
29.01.2012 |
Y |
£17,663,000,000 |
|
|
|
00571315 |
29.01.2012 |
N |
|
|
|
|
00776224 |
29.01.2012 |
N |
£1,191,998,000 |
|
|
|
01815845 |
29.01.2012 |
N |
£55,415,000 |
|
|
|
05179715 |
29.01.2012 |
N |
|
|
|
|
01355438 |
29.01.2012 |
N |
£32,847,000 |
|
|
|
01368153 |
29.01.2012 |
N |
|
|
|
|
01487112 |
29.01.2012 |
N |
|
|
|
|
01560807 |
29.01.2012 |
N |
|
|
|
|
02047550 |
29.01.2012 |
N |
|
|
|
|
02563490 |
29.01.2012 |
N |
|
|
|
|
02832846 |
29.01.2012 |
N |
£3,469 |
|
|
|
05681803 |
29.01.2012 |
N |
|
|
|
|
06653349 |
29.01.2012 |
N |
£207,195,000 |
|
|
|
07430104 |
29.01.2012 |
N |
|
|
|
|
06983170 |
29.01.2012 |
N |
|
|
|
|
06653416 |
29.01.2012 |
N |
|
|
|
|
07500101 |
29.01.2012 |
N |
£43,418,000 |
|
|
|
07529983 |
29.01.2012 |
N |
|
|
|
|
07529989 |
29.01.2012 |
N |
|
|
|
|
07530001 |
29.01.2012 |
N |
|
|
|
|
02761650 |
29.01.2012 |
N |
£16,758 |
|
|
|
07099988 |
29.01.2012 |
N |
£2,767,000 |
|
|
|
01053837 |
29.01.2012 |
N |
£383,442,000 |
|
|
|
07208560 |
29.01.2012 |
N |
£79,218,000 |
|
|
|
02572702 |
29.01.2012 |
N |
£567,432,000 |
|
|
|
01690572 |
29.01.2012 |
N |
|
|
|
|
05417123 |
29.01.2012 |
N |
£61,691,000 |
|
|
|
05417154 |
30.04.2011 |
N |
|
|
|
|
01299733 |
29.01.2012 |
Y |
£9,471,000,000 |
|
|
|
03584167 |
29.01.2012 |
N |
|
|
|
|
SC047544 |
29.01.2012 |
N |
|
|
|
|
00358043 |
29.01.2012 |
N |
|
|
|
|
00042968 |
29.01.2012 |
N |
|
|
|
|
SC038898 |
29.01.2012 |
N |
|
|
|
|
02049530 |
29.01.2012 |
N |
|
|
|
|
SC003869 |
29.01.2012 |
N |
|
|
|
|
02049546 |
29.01.2012 |
N |
|
|
|
|
01697262 |
29.01.2012 |
N |
|
|
|
|
00534115 |
29.01.2012 |
N |
|
|
|
|
00197279 |
29.01.2012 |
N |
|
|
|
|
00273596 |
29.01.2012 |
N |
|
|
|
|
00301116 |
29.01.2012 |
N |
|
|
|
|
00355171 |
29.01.2012 |
N |
|
|
|
|
00907499 |
29.01.2012 |
N |
|
|
|
|
01024762 |
29.01.2012 |
N |
|
|
|
|
01372617 |
29.01.2012 |
N |
|
|
|
|
01572614 |
29.01.2012 |
N |
|
|
|
|
01671208 |
29.01.2012 |
N |
|
|
|
|
SC033102 |
29.01.2012 |
N |
|
|
|
|
00800869 |
29.01.2012 |
N |
|
|
|
|
00134678 |
29.01.2012 |
N |
|
|
|
|
SC033022 |
29.01.2012 |
N |
|
|
|
|
00160813 |
29.01.2012 |
N |
|
|
|
|
00705996 |
29.01.2012 |
N |
|
|
|
|
00829802 |
29.01.2012 |
N |
|
|
|
|
01008852 |
29.01.2012 |
N |
|
|
|
|
00746956 |
29.01.2012 |
N |
£9,396,000,000 |
|
|
|
00200801 |
29.01.2012 |
N |
£73,294,000 |
|
|
|
00337632 |
29.01.2012 |
N |
|
|
|
|
01124392 |
29.01.2012 |
N |
|
|
|
|
01342984 |
29.01.2012 |
N |
|
|
|
|
01643780 |
29.01.2012 |
N |
|
|
|
|
01786151 |
29.01.2012 |
N |
|
|
|
|
02356023 |
29.01.2012 |
N |
|
|
|
|
02839175 |
29.01.2012 |
N |
|
|
|
|
03321745 |
29.01.2012 |
N |
|
|
|
|
03376443 |
29.01.2012 |
N |
|
|
|
|
SC158323 |
29.01.2012 |
N |
|
|
|
|
SC173659 |
29.01.2012 |
N |
|
|
|
|
SC185888 |
29.01.2012 |
N |
|
|
|
|
SC190238 |
29.01.2012 |
N |
£25,000 |
|
|
|
04017611 |
29.01.2012 |
N |
|
Group |
73 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Other Linked
companies
|
Name |
|
Number |
Latest Key
Financials |
Turnover |
|
BOS BROTHERS FRUIT & VEGETABLES B.V. |
|
27228322 |
28.01.2012 |
€133,350,328 |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
29/01/2012 |
£17,663,000,000 |
£947,000,000 |
£5,397,000,000 |
131207 |
|
30/01/2011 |
£16,479,000,000 |
£874,000,000 |
£5,420,000,000 |
132074 |
|
31/01/2010 |
£15,410,000,000 |
£858,000,000 |
£4,949,000,000 |
133743 |
Profit & Loss
|
Date Of Accounts |
29/01/12 |
(%) |
30/01/11 |
(%) |
31/01/10 |
(%) |
01/02/09 |
(%) |
31/01/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£17,663,000,000 |
7.2% |
£16,479,000,000 |
6.9% |
£15,410,000,000 |
6.1% |
£14,528,000,000 |
- |
£14,528, 000,000 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£16,446,000,000 |
7.3% |
£15,331,000,000 |
6.9% |
£14,348,000,000 |
5.4% |
£13,615,000,000 |
- |
£13,615, 000,000 |
|
Gross Profit |
£1,217,000,000 |
6% |
£1,148,000,000 |
8.1% |
£1,062,000,000 |
16.3% |
£913,000,000 |
- |
£913, 000,000 |
|
Wages & Salaries |
£1,916,000,000 |
4.2% |
£1,838,000,000 |
7.7% |
£1,707,000,000 |
5.6% |
£1,617,000,000 |
- |
£1,617 ,000,000 |
|
Directors Emoluments |
£4,150,000 |
-18.1% |
£5,070,000 |
-0.6% |
£5,100,000 |
-49.5% |
£10,100,000 |
64% |
£6,158, 000 |
|
Operating Profit |
£973,000,000 |
7.6% |
£904,000,000 |
-0.3% |
£907,000,000 |
35.2% |
£671,000,000 |
- |
£671, 000,000 |
|
Depreciation |
£311,000,000 |
3% |
£302,000,000 |
0.7% |
£300,000,000 |
6.4% |
£282,000,000 |
-0.7% |
£284, 000,000 |
|
Audit Fees |
£400,000 |
-42.9% |
£700,000 |
- |
£700,000 |
- |
£700,000 |
16.7% |
£600,000 |
|
Interest Payments |
£186,000,000 |
342.9% |
£42,000,000 |
-16% |
£50,000,000 |
-71.1% |
£173,000,000 |
188.3% |
£60, 000,000 |
|
Pre Tax Profit |
£947,000,000 |
8.4% |
£874,000,000 |
1.9% |
£858,000,000 |
31% |
£655,000,000 |
- |
£655, 000,000 |
|
Taxation |
-£257,000,000 |
-6.2% |
-£242,000,000 |
6.9% |
-£260,000,000 |
-33.3% |
-£195,000,000 |
- |
-£195, 000,000 |
|
Profit After Tax |
£690,000,000 |
9.2% |
£632,000,000 |
5.7% |
£598,000,000 |
30% |
£460,000,000 |
- |
£460, 000,000 |
|
Dividends Payable |
£301,000,000 |
36.8% |
£220,000,000 |
38.4% |
£159,000,000 |
21.4% |
£131,000,000 |
- |
£131, 000,000 |
|
Retained Profit |
£389,000,000 |
-5.6% |
£412,000,000 |
-6.2% |
£439,000,000 |
33.4% |
£329,000,000 |
- |
£329, 000,000 |
Balance Sheet
|
Date Of Accounts |
29/01/12 |
(%) |
30/01/11 |
(%) |
31/01/10 |
(%) |
01/02/09 |
(%) |
31/01/09 |
|
Tangible Assets |
£8,234,000,000 |
5.2% |
£7,827,000,000 |
2.1% |
£7,668,000,000 |
7.1% |
£7,160, 000,000 |
- |
£7,160,000,000 |
|
Intangible Assets |
£303,000,000 |
64.7% |
£184,000,000 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£8,537,000,000 |
6.6% |
£8,011,000,000 |
4.5% |
£7,668,000,000 |
7.1% |
£7,160, 000,000 |
- |
£7,160,000,000 |
|
Stock |
£759,000,000 |
19% |
£638,000,000 |
10.6% |
£577,000,000 |
16.8% |
£494, 000,000 |
- |
£494,000,000 |
|
Trade Debtors |
£191,000,000 |
-3% |
£197,000,000 |
35.9% |
£145,000,000 |
42.2% |
£102, 000,000 |
- |
£102,000,000 |
|
Cash |
£241,000,000 |
5.7% |
£228,000,000 |
-6.9% |
£245,000,000 |
-25.1% |
£327, 000,000 |
- |
£327,000,000 |
|
Other Debtors |
£129,000,000 |
81.7% |
£71,000,000 |
31.5% |
£54,000,000 |
-62.2% |
£143, 000,000 |
- |
£143,000,000 |
|
Miscellaneous Current Assets |
£2,000,000 |
-50% |
£4,000,000 |
-94.4% |
£71,000,000 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,322,000,000 |
16.2% |
£1,138,000,000 |
4.2% |
£1,092,000,000 |
2.4% |
£1,066, 000,000 |
- |
£1,066,000,000 |
|
Trade Creditors |
£1,409,000,000 |
0.6% |
£1,400,000,000 |
3.7% |
£1,350,000,000 |
-6.4% |
£1,443, 000,000 |
- |
£1,443,000,000 |
|
Bank Loans & Overdrafts |
£29,000,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£86,000,000 |
- |
0 |
-100% |
£213,000,000 |
999.9% |
£1,000,000 |
- |
£1,000,000 |
|
Miscellaneous Current Liabilities |
£779,000,000 |
13.6% |
£686,000,000 |
16.5% |
£589,000,000 |
1.6% |
£580,000,000 |
- |
£580,000,000 |
|
Total Current Liabilities |
£2,303,000,000 |
10.4% |
£2,086,000,000 |
-3.1% |
£2,152,000,000 |
6.3% |
£2,024,000, 000 |
- |
£2,024,000,000 |
|
Bank Loans & Overdrafts and LTL |
£2,188,000,000 |
33.2% |
£1,643,000,000 |
-1% |
£1,659,000,000 |
-1.4% |
£1,682,000, 000 |
- |
£1,682,000,000 |
|
Other Long Term Finance |
£489,000,000 |
-53.5% |
£1,052,000,000 |
2.4% |
£1,027,000,000 |
- |
0 |
-100% |
£1,049,000,000 |
|
Total Long Term Liabilities |
£2,159,000,000 |
31.4% |
£1,643,000,000 |
-1% |
£1,659,000,000 |
-1.4% |
£1,682,000, 000 |
- |
£1,682,000,000 |
Capital &
Reserves
|
Date Of Accounts |
29/01/12 |
(%) |
30/01/11 |
(%) |
31/01/10 |
(%) |
01/02/09 |
(%) |
31/01/09 |
|
Called Up Share Capital |
£253,000,000 |
-4.9% |
£266,000,000 |
0.4% |
£265,000,000 |
0.8% |
£263,000,000 |
- |
£263,000,000 |
|
P & L Account Reserve |
£2,440,000,000 |
-0.9% |
£2,463,000,000 |
22.7% |
£2,008,000,000 |
24.5% |
£1,613,000,000 |
0.7% |
£1,601,000,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£2,704,000,000 |
0.5% |
£2,691,000,000 |
0.6% |
£2,676,000,000 |
1.2% |
£2,644,000,000 |
-0.5% |
£2,656,000,000 |
|
Shareholder Funds |
£5,397,000,000 |
-0.4% |
£5,420,000,000 |
9.5% |
£4,949,000,000 |
9.5% |
£4,520,000,000 |
- |
£4,520,000,000 |
Other Financial
Items
|
Date Of Accounts |
29/01/12 |
|
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
31/01/09 |
|
Net Worth |
£5,094,000,000 |
|
£5,236,000,000 |
|
£4,949,000,000 |
|
£4,520,000,000 |
|
£4,520,000,000 |
|
Working Capital |
-£981,000,000 |
|
-£948,000,000 |
|
-£1,060,000,000 |
|
-£958,000,000 |
|
-£958,000,000 |
|
Total Assets |
£9,859,000,000 |
|
£9,149,000,000 |
|
£8,760,000,000 |
|
£8,226,000,000 |
|
£8,226,000,000 |
|
Total Liabilities |
£4,462,000,000 |
|
£3,729,000,000 |
|
£3,811,000,000 |
|
£3,706,000,000 |
|
£3,706,000,000 |
|
Net Assets |
£5,397,000,000 |
|
£5,420,000,000 |
|
£4,949,000,000 |
|
£4,520,000,000 |
|
£4,520,000,000 |
Cash Flow
|
Date Of Accounts |
29/01/12 |
|
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
31/01/09 |
|
Net Cashflow from Operations |
£928,000,000 |
|
£898,000,000 |
|
£745,000,000 |
|
£790,000,000 |
|
£790,000,000 |
|
Net Cashflow before Financing |
£37,000,000 |
|
£316,000,000 |
|
-£156,000,000 |
|
£163,000,000 |
|
£255,000,000 |
|
Net Cashflow from Financing |
-£53,000,000 |
|
-£333,000,000 |
|
£74,000,000 |
|
£46,000,000 |
|
£46,000,000 |
|
Increase in Cash |
-£16,000,000 |
|
-£17,000,000 |
|
-£82,000,000 |
|
£209,000,000 |
|
£209,000,000 |
Miscellaneous
|
Date Of Accounts |
29/01/12 |
|
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
31/01/09 |
|
Contingent Liability |
NO |
|
YES |
|
YES |
|
YES |
|
YES |
|
Capital Employed |
£7,556,000,000 |
|
£7,063,000,000 |
|
£6,608,000,000 |
|
£6,202,000,000 |
|
£6,202,000,000 |
|
Number of Employees |
131207 |
|
132074 |
|
133743 |
|
124530 |
|
124530 |
|
Auditors |
KPMG AUDIT PLC |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
ABN AMRO BANK |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
29/01/12 |
30/01/11 |
31/01/10 |
01/02/09 |
31/01/09 |
|
Pre-tax profit margin % |
5.36 |
5.30 |
5.57 |
4.51 |
4.51 |
|
Current ratio |
0.57 |
0.55 |
0.51 |
0.53 |
0.53 |
|
Sales/Net Working Capital |
-18.01 |
-17.38 |
-14.54 |
-15.16 |
- |
|
Gearing % |
40.50 |
30.30 |
33.50 |
37.20 |
37.20 |
|
Equity in % |
56.50 |
60.50 |
56.50 |
54.90 |
54.90 |
|
Creditor Days |
29.03 |
30.92 |
31.88 |
36.15 |
36.25 |
|
Debtor Days |
3.93 |
4.35 |
3.42 |
2.55 |
2.56 |
|
Liquidity/Acid Test |
0.24 |
0.23 |
0.23 |
0.28 |
0.28 |
|
Return On Capital Employed % |
12.53 |
12.37 |
12.98 |
10.56 |
10.56 |
|
Return On Total Assets Employed % |
9.60 |
9.55 |
9.79 |
7.96 |
7.96 |
|
Current Debt Ratio |
0.42 |
0.38 |
0.43 |
0.44 |
0.45 |
|
Total Debt Ratio |
0.82 |
0.68 |
0.77 |
0.81 |
0.82 |
|
Stock Turnover Ratio % |
4.29 |
3.87 |
3.74 |
3.40 |
3.40 |
|
Return on Net Assets Employed % |
17.54 |
16.12 |
17.33 |
14.49 |
- |
ADDITIONAL
INFORMATION
Commentary
|
CCJ of significant value recorded against the company. |
|
|
Sales in the latest trading period increased 7.2% on the previous trading
period. |
|
|
Net Worth decreased by 2.7% during the latest trading period. |
|
|
A 7.8% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 8.4% compared to the previous trading
period. |
|
|
The company saw an increase in their Cash Balance of 5.7% during the latest
trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
The company has changed its year end on multiple occasions. |
|
|
The company was established over 72 years ago. |
|
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
5 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
24/10/2012 |
Annual Returns |
|
19/07/2012 |
New Accounts Filed |
|
29/06/2012 |
Annual Returns |
|
25/06/2012 |
New Accounts Filed |
|
18/06/2012 |
New Accounts Filed |
|
12/04/2012 |
NEW WRITS RECORD |
|
05/08/2011 |
New Accounts Filed |
|
05/08/2011 |
New Accounts Filed |
|
01/07/2011 |
Annual Returns |
|
15/06/2011 |
Mr B.J. Flanagan has left the board |
|
15/06/2011 |
Mr M. Gunter has left the board |
|
07/06/2011 |
New Accounts Filed |
|
28/03/2011 |
Mr P.V. Manduca has left the board |
|
11/03/2011 |
Annual Returns |
|
15/09/2010 |
Mr C.M. Jones has left the board |
Previous Company
Names
|
No Previous Names found |
Mortgage Details
|
Mortgage Type: |
STANDARD SECURITY |
||
|
Date Charge Created: |
23/12/08 |
|
|
|
Date Charge Registered: |
17/01/09 |
|
|
|
Date Charge Satisfied: |
18/07/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MAPLE OAK LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
THE SUBJECTS EXTENDING TO 3.139 HECTARES
OR THEREBY LYING TO THE SOUTH OF WHITBURN ROAD BATHGATE WEST LOTHIAN T/NO.
WLN42811 |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
24/09/93 |
|
|
|
Date Charge Registered: |
29/09/93 |
|
|
|
Date Charge Satisfied: |
18/12/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BASS DEVELOPMENTS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE PURSUANT TO ANAGREEMENT DATED 24/09/93 |
||
|
Details: |
F/H LAND AT WELLINGTON ROAD BRANSTON
BURTON-ON-TRENT TOG WITH BUILDINGS |
||
|
Mortgage Type: |
DEED OF CHARGE |
||
|
Date Charge Created: |
09/08/93 |
|
|
|
Date Charge Registered: |
12/08/93 |
|
|
|
Date Charge Satisfied: |
07/12/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BRITISH COAL CORPORATION |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMS OF CLAUSE 18.2 OF THE AGREEMENT FOR SALE DATED
13/07/93 |
||
|
Details: |
LAND ADJACENT TO PETTICOAT
LANE,INCE-IN-MAKERFIELD,WIGAN,GREATER MANCHESTER |
||
|
Mortgage Type: |
DEED OF COLLATERAL CHARGE |
||
|
Date Charge Created: |
20/05/83 |
|
|
|
Date Charge Registered: |
01/06/83 |
|
|
|
Date Charge Satisfied: |
13/06/95 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
LEGAL AND GENERAL ASSURANCE SOCIETY
LIMITED |
||
|
Amount Secured: |
FOR FURTHER SECURING £200,000 DUE FROM THE
COMPANY TO THE CHARGEE SUPPLEMENTAL TO A MORTGAGE DATED 15 JUNE 1970. |
||
|
Details: |
LAND COMPRISED IN THE FOLLOWING LAND
REGISTRY TITLE NUMBERS WYK 206082 WYK 183981 WYK 25235 WYK 211997 AND WYK
230316 (PLEASE SEE DOC M108) |
||
|
Mortgage Type: |
MORTGAGE |
||
|
Date Charge Created: |
15/06/70 |
|
|
|
Date Charge
Registered: |
19/06/70 |
|
|
|
Date Charge
Satisfied: |
13/06/95 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
LEGAL & GENERAL
ASSURANCE SOCIETY LTD |
||
|
Amount Secured: |
£200,000 |
||
|
Details: |
THE PROPERTY IN
4 CONVEYANCES DATED 1 MAY 1968, 28 MARCH 1968 & 2 JAN. 1969. |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.