MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

PAUL SMITH LIMITED

 

 

Registered Office :

The Poplars Lenton Lane Nottingham, NG7 2PW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2013

 

 

Date of Incorporation :

17.05.1974

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Engaged as Wholesaler of Clothing & Footwear

·         Engaged in Designing, Supplying, Licensing, Retailing & Wholesaling of Men’s & Women’s Clothing

 

 

No of Employees :

856 (30.06.2013)

 

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 :

Slow but Correct

 

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

 

PAUL SMITH LIMITED

 

Registered Address        The poplars Lenton Lane Nottingham

NG7 2PW

 

Trading Address             The poplars Lenton Lane Nottingham

NG7 2PW

 

Websites Address         http://www.paulsmith.co.uk

 

Incorporation Date          17.05.1974

Telephone number          01159868877

Type                             Private Limited with Share Capital

Filing date of accounts   21/12/2013

Share Capital                 £ 47,940

 

Principal Activity

·         Engaged as Wholesaler of Clothing & Footwear

·         Engaged in Designing, Supplying, Licensing, Retailing & Wholesaling of Men’s & Women’s Clothing

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Paul Brierley Smith

Date of Birth

05/07/1946

Officers Title

Sir

Nationality

British

Present Appointments

10

Function

Director

Appointment Date

21/03/1991

 

 

Address

The Poplars Lenton Lane, Nottingham, NG7 2PW

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

John Morley

Date of Birth

22/12/1951

Officers Title

Mr

Nationality

British

Present Appointments

19

Function

Director

Appointment Date

21/03/1991

 

 

Address

Rothwell Lodge, Casthorpe Road, Denton, Lincolnshire, NG32 1JT

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Masahiro Morofuji

Date of Birth

10/12/1960

Officers Title

Mr

Nationality

Japanese

Present Appointments

2

Function

Director

Appointment Date

01/04/2010

 

 

Address

7-1 Takamidai, Talkatsuki-Shi, Osaka, 569-1020

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

John David Francis

Date of Birth

23/09/1963

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/07/2014

 

 

Address

The Poplars Lenton Lane, Nottingham, NG7 2PW

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Glynn Ashley Chilton

Date of Birth

14/01/1973

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/07/2014

 

 

Address

The Poplars Lenton Lane, Nottingham, NG7 2PW

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Ashley James Snowden Long

Date of Birth

27/01/1963

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

01/07/2014

 

 

Address

The Poplars Lenton Lane, Nottingham, NG7 2PW

 

Current Company Secretary

Name

Alison Margaret Bland

Date of Birth

-

Officers Title

Ms

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

31/07/2001

 

 

Address

2 Lincoln Circus, The Park, Nottingham, NG7 1BG

Other Actions

 

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Ashley James Snowden Long

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Company Secretary

Appointment Date

29/04/1997

 

 

Address

5 Castle Grove, The Park, Nottingham, Nottinghamshire, NG7 1DN

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Barry John Brooke

3

6

Paul Brierley Smith

10

1

Pauline Hellenes Denyer-Smith

2

3

Hiroshi Oka

0

4

Masaio Otsuki

0

1

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage               16

Outstanding                   5

Satisfied                        11

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade                     4

Total Value of Documented Trade                        £181,768

 

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

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

Mortgage Details

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

21/08/03

Date Charge Registered:

22/08/03

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

WILLOUGHBY HOUSE LOW PAVEMENT NOTTINGHAM ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES ORLICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

20/03/02

Date Charge Registered:

26/03/02

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

KEMBLE HOUSE LONDON T/NO NGL785532 ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES OR LICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE (OWN ACCOUNT)

Date Charge Created:

20/03/02

Date Charge Registered:

26/03/02

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

L/H KEMBLE HOUSE, KEMBLE STREET, LONDONT/NO. LN189617 ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES OR LICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANTMACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

15/06/99

Date Charge Registered:

18/06/99

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

41/42 FLORAL STREET COVENT GARDEN LONDON. ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES ORLICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/05/97

Date Charge Registered:

29/05/97

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

UNIT 4 CENTURIAN WAY NOTTINGHAM T/NO: NT308084 ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES OR LICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

18/04/97

Date Charge Registered:

19/04/97

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

122 KENSINGTON PARK ROAD KENSINGTON OTHERWISE K/A 306 WESTBORNE GROVE LONDON T/NO.LN214829.FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES,FITTINGS,PLANT AND MACHINERY WHICH MAY FROM TIME TO TIME BE ERECTED ON OR AFFIXED TO THE PROPERTYTHE COMPANY ASSIGNS TO THE BANK THE GOODWILL BELONGING TO THE COMPANY OF ALL BUSINESSES FROM TIME TO TIME CARRIED ON ATTHE PROPERTY FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT SEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

19/12/94

Date Charge Registered:

22/12/94

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

PROPERTY K/A UNITS 2 AND 3 RIVERSIDE PARK QUEENS DRIVE NOTTINGHAM FLOATING CHARGE OVER ALL MOVEABLEPLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT INCLUDING ALL FIXTURES AND FITTINGS (OTHER THAN TRADE FIXTURES AND FITTINGS) PLANT AND MACHINERY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

28/04/89

Date Charge Registered:

09/05/89

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

ALL THAT F/H LAND K/A UNIT 1, QUEENS LINK DRIVE, RIVERSIDE WAY NOTTINGHAM T/N NT 122173 WITH ALL FIXTURES AND FITTINGS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

28/09/88

Date Charge Registered:

05/10/88

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

ALL MONEYS DUE OR TO BECOME DUE FROM PAUL HELLENES SMITH, PAULINE NELLENESE DENYER AND PENSIONEER TRUSTEES (LONDON) LIMITED, BEING THE TRUSTEES FOR THE TIME BEING OF THE PAUL SMITH LIMITED EXECUTIVE PENSION FUND TO THE CHARGEE, UNDER THE TERMS OF THE CHARGE.

Details:

41 & 42 FLORAL STREET LONDON, INCLUDINGALL FIXTURES AND FITTINGS (OTHER THAN TRADE) PLANT & MACHINERY FLOATING CHARGE OVER ALL MOVABLE FIXTURES FITTINGS PLANTMACHINERY AND EQUIPMENT & MATERIALS & ARTICLES.

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

05/08/88

Date Charge Registered:

10/08/88

Date Charge Satisfied:

09/10/90

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK PLC.

Amount Secured:

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

Details:

STANFORD HOUSE, 6 STANFORD STREET, NOTTINGHAM, INCLUDING ALL FIXTURES & FITTINGS, PLANT & MACHINERY.FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

29/03/88

Date Charge Registered:

05/04/88

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

YORKSHIRE BANK PLC

Amount Secured:

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

Details:

GROUND FLOOR AND BASEMENT PREMISES AT 42 FLORAL STREET, COVENT GARDEN, LONDON WC2. FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

04/06/82

Date Charge Registered:

10/06/82

Date Charge Satisfied:

09/10/90

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK LIMITED

Amount Secured:

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

Details:

F/H 177 PORTLAND ROAD, LONDON W11 TITLENO:- 251808.

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

04/06/82

Date Charge Registered:

08/06/82

Date Charge Satisfied:

09/10/90

Status:

SATISFIED

Person(s) Entitled:

LONDON & MANCHESTER ASSURANCE COMPANY LTD

Amount Secured:

£47,000 AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND PAUL B. SMITH TO THE CHARGEE.

Details:

F/H 177 PORTLAND RD, LONDON W11

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

01/05/80

Date Charge Registered:

03/05/80

Date Charge Satisfied:

09/10/90

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK LIMITED.

Amount Secured:

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

Details:

F/H 88 AUBREY RD, LONDON W.8. LN 174192

 

Mortgage Type:

DEBENTURE

Date Charge Created:

21/03/79

Date Charge Registered:

26/03/79

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

YORKSHIRE BANK LTD

Amount Secured:

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

Details:

FIXED CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL& BOOK DEBTS UNCALLED CAPITAL. TOGETHER WITH FIXED AND MOVEABLE PLANTMACHINERY FIXTURES IMPLEMENTS AND UTENSILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

03/03/78

Date Charge Registered:

20/03/78

Date Charge Satisfied:

08/02/03

Status:

SATISFIED

Person(s) Entitled:

YORKSHIRE BANK LTD.

Amount Secured:

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

Details:

44 FLORAL STREET, COVENT GARDEN WESTMINSTER, LONDON.

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

4

£181,768

 

Company Name

Amount

Statement Date

D Print Limited

£170,507

18/07/2012

Rebel View Limited

£6,732

05/08/2013

Roots Ltd

£3,360

09/03/2012

Eight Nine Ten Ltd

£1,169

30/11/2011

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

PAUL SMITH HOLDINGS LTD

GBP

47,940

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Average Invoice Value

£604.63

Invoices available

618

Paid

567

Outstanding

51

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

336

152

25

26

28

Outstanding

0

5

11

2

33

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

4 companies

Linkages

1 companies

Countries

In 1 countries

 

Summary

Holding Company

PAUL SMITH (HOLDINGS) LTD

Ownership Status

Wholly Owned

Ultimate Holding Company

PAUL SMITH GROUP HOLDINGS LIMITED

 

Group structure

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

PAUL SMITH GROUP HOLDING...

05534862

30.06.2013

Y

£202,484,000

PAUL SMITH (HOLDINGS) LTD

04366411

30.06.2013

N

 

PAUL SMITH LIMITED

01170719

30.06.2013

N

£176,683,000

R.NEWBOLD AND COMP...

00120649

30.06.2013

N

 

 

Other Linked companies

Name

Number

PAUL SMITH NETHERLANDS B.V.

53993373

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date                 Turnover          Pre-tax Profit               Shareholder Funds      Employees      

30.06.2013                    £176,683,000     £18,395,000                  £147,704,000                 856

30.06.2012                    £178,799,000     £24,853,000                  £148,268,000                 836

30.06.2011                    £171,620,000     £27,382,000                  £135,891,000                 792

 

Profit & Loss

Date Of Accounts

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

(%)

30/06/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£176,683,000

-1.2%

£178,799,000

4.2%

£171,620,000

12.3%

£152,829,000

1.8%

£150,182,000

Export

£105,791,000

-2.6%

£108,568,000

7.4%

£101,055,000

16.1%

£87,064,000

-3.8%

£90,538,000

Cost of Sales

£79,224,000

-0.9%

£79,969,000

5.3%

£75,927,000

9.9%

£69,113,000

0.6%

£68,693,000

Gross Profit

£97,459,000

-1.4%

£98,830,000

3.3%

£95,693,000

14.3%

£83,716,000

2.7%

£81,489,000

Wages & Salaries

£37,273,000

14.8%

£32,456,000

1%

£32,121,000

5.6%

£30,420,000

0.4%

£30,306,000

Directors Emoluments

£4,154,000

999.9%

£240,000

-95.3%

£5,100,000

-4.9%

£5,360,000

-7.3%

£5,781,000

Operating Profit

£18,350,000

-26.1%

£24,817,000

-9.4%

£27,387,000

30.7%

£20,956,000

16.4%

£18,006,000

Depreciation

£4,258,000

6.2%

£4,008,000

12.5%

£3,563,000

32.7%

£2,686,000

-3.9%

£2,796,000

Audit Fees

£40,000

8.1%

£37,000

-22.9%

£48,000

17.1%

£41,000

2.5%

£40,000

Interest Payments

£272,000

-39.3%

£448,000

1.4%

£442,000

13.6%

£389,000

-64.6%

£1,099,000

Pre Tax Profit

£18,395,000

-26%

£24,853,000

-9.2%

£27,382,000

31%

£20,906,000

17.9%

£17,737,000

Taxation

-£5,153,000

34.7%

-£7,889,000

13.2%

-£9,093,000

-31.3%

-£6,923,000

-19.1%

-£5,812,000

Profit After Tax

£13,242,000

-21.9%

£16,964,000

-7.2%

£18,289,000

30.8%

£13,983,000

17.3%

£11,925,000

Dividends Payable

£13,806,000

201%

£4,587,000

999.9%

£309,000

-91%

£3,451,000

213.7%

£1,100,000

Retained Profit

-£564,000

-104.6%

£12,377,000

-31.2%

£17,980,000

70.7%

£10,532,000

-2.7%

£10,825,000

 

Balance Sheet

Date Of Accounts

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

(%)

30/06/09

Tangible Assets

£60,459,000

19.1%

£50,765,000

15%

£44,152,000

100.7%

£21,996,000

-0.9%

£22,197,000

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£60,459,000

19.1%

£50,765,000

15%

£44,152,000

100.7%

£21,996,000

-0.9%

£22,197,000

Stock

£40,906,000

13.5%

£36,029,000

14.7%

£31,399,000

25.1%

£25,093,000

-7.7%

£27,192,000

Trade Debtors

£11,042,000

-19.9%

£13,788,000

-8.2%

£15,015,000

20.5%

£12,461,000

-3.2%

£12,879,000

Cash

£23,670,000

-31%

£34,293,000

11.4%

£30,772,000

-2.3%

£31,487,000

87.6%

£16,787,000

Other Debtors

£71,144,000

0.9%

£70,518,000

5%

£67,191,000

-6.8%

£72,088,000

-5.2%

£76,018,000

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£146,762,000

-5.1%

£154,628,000

7.1%

£144,377,000

2.3%

£141,129,000

6.2%

£132,876,000

Trade Creditors

£18,751,000

-3%

£19,329,000

23.1%

£15,707,000

16.2%

£13,517,000

-12.5%

£15,442,000

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£27,504,000

19.6%

£22,991,000

4.5%

£21,993,000

4.2%

£21,111,000

4.9%

£20,117,000

Miscellaneous Current Liabilities

£13,262,000

-10.4%

£14,805,000

-0.9%

£14,938,000

41.1%

£10,586,000

-12.8%

£12,135,000

Total Current Liabilities

£59,517,000

4.2%

£57,125,000

8.5%

£52,638,000

16.4%

£45,214,000

-5.2%

£47,694,000

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

Date Of Accounts

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

(%)

30/06/09

Called Up Share Capital

£48,000

-

£48,000

-

£48,000

-

£48,000

-

£48,000

P & L Account Reserve

£147,653,000

-0.4%

£148,217,000

9.1%

£135,840,000

15.3%

£117,860,000

9.8%

£107,328,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£3,000

-

£3,000

-

£3,000

-

£3,000

-

£3,000

Shareholder Funds

£147,704,000

-0.4%

£148,268,000

9.1%

£135,891,000

15.2%

£117,911,000

9.8%

£107,379,000

 

Capital & Reserves

Date Of Accounts

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

(%)

30/06/09

Called Up Share Capital

£48,000

-

£48,000

-

£48,000

-

£48,000

-

£48,000

P & L Account Reserve

£147,653,000

-0.4%

£148,217,000

9.1%

£135,840,000

15.3%

£117,860,000

9.8%

£107,328,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£3,000

-

£3,000

-

£3,000

-

£3,000

-

£3,000

Shareholder Funds

£147,704,000

-0.4%

£148,268,000

9.1%

£135,891,000

15.2%

£117,911,000

9.8%

£107,379,000

 

Miscellaneous

Date Of Accounts

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

(%)

30/06/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£147,704,000

-0.4%

£148,268,000

9.1%

£135,891,000

15.2%

£117,911,000

9.8%

£107,379,000

Number of Employees

856

2.4%

836

5.6%

792

6%

747

4.5%

715

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

YORKSHIRE BANK PLC

 

Ratios

Date Of Accounts

30/06/13

30/06/12

30/06/11

30/06/10

30/06/09

Pre-tax profit margin %

10.41

13.90

15.96

13.68

11.81

Current ratio

2.47

2.71

2.74

3.12

2.79

Sales/Net Working Capital

2.03

1.83

1.87

1.59

1.76

Gearing %

0

0

0

0

0

Equity in %

71.30

72.20

72.10

72.30

69.20

Creditor Days

38.63

39.35

33.31

32.19

37.42

Debtor Days

22.74

28.06

31.84

29.67

31.21

Liquidity/Acid Test

1.77

2.07

2.14

2.56

2.21

Return On Capital Employed %

12.45

16.76

20.14

17.73

16.51

Return On Total Assets Employed %

8.87

12.10

14.52

12.81

11.43

Current Debt Ratio

0.40

0.38

0.38

0.38

0.44

Total Debt Ratio

0.40

0.38

0.38

0.38

0.44

Stock Turnover Ratio %

23.15

20.15

18.29

16.41

18.10

Return on Net Assets Employed %

12.45

16.76

20.14

17.73

16.51

 

ADDITIONAL INFORMATION

 

Status History

No Status History found

 

*Event History

Date

Description

22/07/2014

New Board Member Mr A.J. Long appointed

15/07/2014

New Board Member Mr A.J. Long appointed

15/07/2014

New Board Member Mr G.A. Chilton appointed

15/07/2014

New Board Member Mr J.D. Francis appointed

24/03/2014

Annual Returns

06/01/2014

New Accounts Filed

06/04/2013

Annual Returns

03/01/2013

New Accounts Filed

28/12/2012

Change in Reg.Office

28/12/2012

Change of Company Postcode

18/07/2012

Change in Reg.Office

18/07/2012

Change of Company Postcode

06/07/2012

Change in Reg.Office

06/07/2012

Change of Company Postcode

19/04/2012

Annual Returns

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period decreased 1.2% on the previous trading period.

Net Worth decreased by 0.4% during the latest trading period.

 

A 0.9% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 26% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 31% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company has changed its registered address recently.

The company was established over 40 years ago.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.85

UK Pound

1

Rs.102.69

Euro

1

Rs.81.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.