MIRA INFORM REPORT

 

 

Report Date :

26.08.2014

 

IDENTIFICATION DETAILS

 

Name :

HARRY YEARSLEY LIMITED

 

 

Registered Office :

Hareshill Road, Heywood Lancashire, OL10 2TP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

04.11.1955

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Fruit and Vegetables.

 

 

No of Employees :

1028

 

 

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 :

Regular

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

 

HARRY YEARSLEY LIMITED

 

 

 

DIRECTORS/MANAGEMENT

 

CURRENT DIRECTORS

 

Name

John Leonard Yearsley

Date of Birth

26/11/1946

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

27/03/1999

 

 

Address

Hareshill Road, Heywood, Lancashire, OL10 2TP

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Name

Harry Edwin Yearsley

Date of Birth

20/07/1966

Officers Title

Mr

Nationality

British

Present Appointments

14

Function

Director

Appointment Date

01/11/1997

 

 

Address

Hareshill Road, Heywood, Lancashire, OL10 2TP

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Name

Jonathan Carl Baker

Date of Birth

16/11/1965

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

01/10/2000

 

 

Address

21 Woodtop Avenue, Bamford, Rochdale, Lancashire, OL11 4BD

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Name

Philip John Whitworth

Date of Birth

10/11/1962

Officers Title

Mr

Nationality

British

Present Appointments

24

Function

Director

Appointment Date

01/04/2003

 

 

Address

5 Springbank Lane, Bamford, Rochdale, Lancashire, OL11 5SE

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Ian David King

Date of Birth

01/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/04/2003

 

 

Address

Hareshill Road, Heywood, Lancashire, OL10 2TP

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Timothy Moran

Date of Birth

21/02/1974

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/04/2007

 

 

Address

15 Further Field, Rochdale, Lancashire, OL11 5PJ

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Philip John Whitworth

Date of Birth

10/11/1962

Officers Title

Mr

Nationality

British

Present Appointments

24

Function

Company Secretary

Appointment Date

01/04/2003

 

 

Address

Hareshill Road, Heywood, Lancashire, OL10 2TP

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Ian Shinton

0

1

John Leonard Yearsley

5

4

Peter Yearsley

4

1

Roger Yearsley

0

1

Isabella May Yearsley

0

1

Brian Tomkinson

0

1

Anthony Edward Yearsley

0

1

Mark Peter Haslam

1

3

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage            16

Outstanding                 7

Satisfied                      9

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade         0

Total Value of Documented Trade           £0

 

 

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 CHARGE

Date Charge Created:

21/09/12

 

 

Date Charge Registered:

29/09/12

 

 

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:

ALL LEGAL INTEREST IN THE L/H LAND K/A THE LAND AND BUILDINGS AT HAMS HALL DISTRIBUTION PARK COLESHILL WARWICKSHIRE T/NO WK373089 BY WAY OF FIXED CHARGE ANY OTHER INTEREST IN THE PROPERTY, ALL RENTS RECEIVABLE FROM ANY LEASE, ALL GOODWILL,THE PROCEEDS OF ANY INSURANCE, ALL FIXTURES AND FITTINGS NOTFORMING PART OF THE PROPERTY, ALL PLANT AND MACHINERY, ALLFURNITURE EQUIPMENT TOOLS AND OTHER GOODSKEPT AT THE PROPERTY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

08/09/10

 

 

Date Charge Registered:

15/09/10

 

 

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:

ROCHDALE COLDSTORE, ALBERT ROYDS STREET, ROCHDALE, LANCASHIRE T/NO GM26966, GM199493 AND GM181522 BYWAY OF FIXED CHARGE, THE BENEFIT OF ALL COVENANTS & RIGHTSCONCERNING THE PROPERTY & ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE, EQUIPMENT, IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESSCARRIED ON AT THE PROPERTY & THE PROCEEDS OF ANY INSURANCEAFFECTING THE PROPERTY OR ASSETS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

08/09/10

 

 

Date Charge Registered:

15/09/10

 

 

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:

HEYWOOD COLDSTORE HARESHILL ROAD, HEYWOOD, LANCASHIRE T/NO GM798740 BY WAY OF FIXED CHARGE, THE BENEFIT OF ALL COVENANTS & RIGHTS CONCERNING THE PROPERTY & ALLPLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE, EQUIPMENT, IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY & THE PROCEEDS OF ANYINSURANCE AFFECTING THE PROPERTY OR ASSETS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

11/12/09

 

 

Date Charge Registered:

23/12/09

 

 

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 UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

LAND ON THE SOUTH WEST SIDE OF GORSEY LANE, COLESHILL T/N WK294687 BY WAY OF FIXED CHARGE ANY OTHERINTEREST IN THE PROPERTY, ALL RENTS RECEIVABLE & ALL PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY & THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS.

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

11/12/09

 

 

Date Charge Registered:

23/12/09

 

 

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 UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

PLOT 2 ADMIRALTY WAY, FOX COVER ENTERPRISE PARK, DAWDON, SEAHAM T/N DU267489 BYWAY OF FIXED CHARGE ANY OTHER INTEREST IN THE PROPERTY, ALL RENTS RECEIVABLE & ALL PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY & THEPROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS.

 

Mortgage Type:

DEBENTURE

Date Charge Created:

30/10/08

 

 

Date Charge Registered:

31/10/08

 

 

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 SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

04/09/06

 

 

Date Charge Registered:

07/09/06

 

 

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 BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

09/11/04

 

 

Date Charge Registered:

11/11/04

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED

Amount Secured:

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

Details:

L/H LAND AND BUILDINGS BEING SITE NUMBER BC2145/2 FOX COVER ENTERPRISE PARK, COUNTY DURHAM T/NO DU267489

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

26/10/04

 

 

Date Charge Registered:

05/11/04

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

PROPERTY PLOT 2 ADMIRALTY WAY FOX COVERENTERPRISE PARK DAWDON SEAHAM DURHAM T/N DU267489

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

04/10/00

 

 

Date Charge Registered:

06/10/00

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:                      

BARCLAYS BANK PLC

Amount Secured:

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

Details:

F/H LAND AND BUILDINGS ON THE NORTH EAST SIDE OF HARESHILL ROAD HEYWOOD ROCHDALE GREATER MANCHESTERT/NO.GM798740

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

07/08/00

 

 

Date Charge Registered:

09/08/00

 

 

Date Charge Satisfied:

11/08/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED

Amount Secured:

 

Details:

F/H LAND AND BUILDINGS ON THE NORTH EAST SIDE OF HARESHILL ROAD HEYWOOD LANCASHIRE T/N GM798740

 

Mortgage Type:

DEBENTURE

Date Charge Created:

22/09/98

 

 

Date Charge Registered:

29/09/98

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK 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 BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

29/09/86

 

 

Date Charge Registered:

06/10/86

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

LAND ADJOINING CORSEY LANE, COLESHILL, WARWICKSHIRE TITLE NO. WK 294687

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

26/06/80

 

 

Date Charge Registered:

04/07/80

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

F/H LAND LYING TO THE N.W. OF ST. ANN\SROAD, BELFIELD, ROCHDALE, GREATER MANCHESTER. TITLE NO. GM 199493

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

24/09/79

 

 

Date Charge Registered:

28/09/79

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

CLAYTON FARM, BELFIELD, ROCHDALE GREATER MANCHESTER TITLE NO. G.M. 181522

 

Mortgage Type:

DEBENTURE

Date Charge Created:

13/04/78

 

 

Date Charge Registered:

21/04/78

 

 

Date Charge Satisfied:

25/05/96

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

FIXED & FLOATING CHARGE ON THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDINGGOODWILL, BOOKDEBTSUNCALLED CAPITAL. WITH ALL FIXTURES PLANT & MACHINEY. (SEE DOC. M42 FOR DETAILS)

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

YEARSLEY GROUP LTD

GBP

90,500

ORDINARY A

1

90

YEARSLEY MANAGEMENT COMPANY LIMITED

GBP

10,056

ORDINARY B

1

10

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

STATISTICS

Group

9 companies

Linkages

0 companies

Countries

In 0 countries

 

SUMMARY

Holding Company

-

Ownership Status

Intermediately Owned

Ultimate Holding Company

YEARSLEY GROUP LTD

 

 

Group structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

YEARSLEY GROUP LTD

N/A

-

-

 

HARRY YEARSLEY LIMITED

00556895

31.03.2013

Y

£155,878,617

ICE-PAK SEAFOOD SPEC...

01883262

31.03.2013

N

 

ICE PAK INTERNATIO...

03234894

31.03.2013

N

 

SNOW CITY FOODS LIMITED

03405750

31.03.2013

N

 

BELFIELD FARM LIMITED

03406182

31.03.2013

N

 

YEARSLEY CS LIMITED

05747265

31.03.2013

N

 

YEARSLEY IS LIMITED

06633088

31.03.2013

N

 

BELFIELD HALL DEVELO...

03410857

31.03.2013

N

£68,336

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Weeks

52

(%)

52

(%)

53

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

Y

(%)

Y

(%)

Y

Turnover

£155,878,617

8.5%

£143,629,286

17.8%

£121,974,587

-3.9%

£126,873,814

-10.3%

£141,496,772

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£102,707,740

8.2%

£94,967,551

29.5%

£73,308,479

1.2%

£72,425,788

-16.8%

£87,100,487

Gross Profit

£53,170,877

9.3%

£48,661,735

0%

£48,666,108

-10.6%

£54,448,026

0.1%

£54,396,285

Wages & Salaries

£29,096,903

3.3%

£28,172,837

-9.2%

£31,022,216

-8%

£33,713,129

-5.4%

£35,638,795

Directors Emoluments

£379,366

-11.6%

£429,130

-59.2%

£1,051,148

-61.7%

£2,743,902

682.8%

£350,523

Operating Profit

£6,760,933

41.9%

£4,765,992

23.4%

£3,860,947

-42.1%

£6,667,899

40.2%

£4,754,673

Depreciation

£5,198,916

-10.6%

£5,818,372

-7.9%

£6,317,042

-1.3%

£6,401,821

6.8%

£5,996,566

Audit Fees

£27,500

-42.1%

£47,500

-15.2%

£56,000

24.4%

£45,000

-11.8%

£51,000

Interest Payments

£3,038,792

85.2%

£1,640,565

-3.8%

£1,705,404

9.7%

£1,554,998

8.4%

£1,434,158

Pre Tax Profit

£4,605,420

43%

£3,220,486

42.8%

£2,255,812

-57.2%

£5,264,644

51.5%

£3,475,030

Taxation

£4,471,175

324.9%

-£1,988,170

-76.5%

-£1,126,599

66.3%

-£3,338,605

-248.2%

-£958,794

Profit After Tax

£9,076,595

636.5%

£1,232,316

9.1%

£1,129,213

-41.4%

£1,926,039

-23.5%

£2,516,236

Dividends Payable

-

-100%

£450,000

-

-

-

-

-

-

Retained Profit

£9,076,595

999.9%

£780,723

-30.8%

£1,128,233

-41.3%

£1,920,467

-23.2%

£2,499,865

 

Balance Sheet

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Tangible Assets

£30,809,383

-47.7%

£58,925,586

-4.1%

£61,426,943

-9.3%

£67,762,539

0.2%

£67,659,337

Intangible Assets

£270,846

-56.2%

£618,150

-36%

£965,454

-

0

-

0

Total Fixed Assets

£31,080,229

-47.8%

£59,543,736

-4.6%

£62,392,397

-7.9%

£67,762,539

0.2%

£67,659,337

Stock

£14,071,497

26.5%

£11,120,773

56.5%

£7,107,706

99.3%

£3,566,669

-36.8%

£5,647,080

Trade Debtors

£25,731,788

10.5%

£23,285,628

5%

£22,175,152

6.5%

£20,814,741

-15.6%

£24,672,060

Cash

£390,951

-86.3%

£2,858,819

-17.4%

£3,460,632

55.6%

£2,224,509

-40.1%

£3,711,048

Other Debtors

£5,606,823

-48.5%

£10,897,512

-18.7%

£13,396,786

97%

£6,799,166

2.6%

£6,626,214

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£45,801,059

-4.9%

£48,162,732

4.4%

£46,140,276

38.1%

£33,405,085

-17.8%

£40,656,402

Trade Creditors

£21,711,090

37.6%

£15,780,735

-6.5%

£16,868,967

64.7%

£10,240,190

-37.3%

£16,327,409

Bank Loans & Overdrafts

£779,907

357.1%

£170,635

-82.7%

£983,943

-23.7%

£1,289,917

36.8%

£942,669

Other Short Term Finance

£18,131,610

102.3%

£8,961,473

19.8%

£7,482,893

-30.1%

£10,700,543

-21%

£13,542,159

Miscellaneous Current Liabilities

£11,752,912

-36.6%

£18,533,090

4.4%

£17,760,085

57.6%

£11,272,001

7.8%

£10,459,575

Total Current Liabilities

£52,375,519

20.6%

£43,445,933

0.8%

£43,095,888

28.6%

£33,502,651

-18.8%

£41,271,812

Bank Loans & Overdrafts and LTL

£3,229,907

-89.3%

£30,246,581

-8.3%

£32,973,061

-10%

£36,616,394

-4.7%

£38,425,067

Other Long Term Finance

0

-100%

£18,930,292

-2.4%

£19,403,887

-0.2%

£19,435,837

3.7%

£18,736,566

Total Long Term Liabilities

£2,450,000

-91.9%

£30,075,946

-6%

£31,989,118

-9.4%

£35,326,477

-5.8%

£37,482,398

 

 

Capital & Reserves

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Called Up Share Capital

£90,500

-

£90,500

-

£90,500

-

£90,500

-

£90,500

P & L Account Reserve

£21,965,269

-34%

£33,299,589

2.4%

£32,531,667

3.6%

£31,391,496

6.5%

£29,471,029

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-100%

£794,500

-3.8%

£825,500

-3.6%

£856,500

-

-

Shareholder Funds

£22,055,769

-35.5%

£34,184,589

2.2%

£33,447,667

3.4%

£32,338,496

9.4%

£29,561,529

 

 

Other Financial Items

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Net Worth

£21,784,923

-35.1%

£33,566,439

3.3%

£32,482,213

0.4%

£32,338,496

9.4%

£29,561,529

Working Capital

-£6,574,460

-239.4%

£4,716,799

54.9%

£3,044,388

999.9%

-£97,566

84.1%

-£615,410

Total Assets

£76,881,288

-28.6%

£107,706,468

-0.8%

£108,532,673

7.3%

£101,167,624

-6.6%

£108,315,739

Total Liabilities

£54,825,519

-25.4%

£73,521,879

-2.1%

£75,085,006

9.1%

£68,829,128

-12.6%

£78,754,210

Net Assets

£22,055,769

-35.5%

£34,184,589

2.2%

£33,447,667

3.4%

£32,338,496

9.4%

£29,561,529

 

 

Cash Flow

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Net Cashflow from Operations

£19,013,149

92.9%

£9,857,039

-21.2%

£12,509,411

15.4%

£10,843,581

66.7%

£6,503,755

Net Cashflow before Financing

-£9,476,353

-999.9%

£606,510

-91.8%

£7,391,697

464.9%

£1,308,564

106%

-£21,822,518

Net Cashflow from Financing

£10,038,227

999.9%

-£395,015

93.2%

-£5,849,600

-86.2%

-£3,142,345

-111%

£28,554,445

Increase in Cash

£561,874

165.7%

£211,495

-86.3%

£1,542,097

184.1%

-£1,833,781

-127.2%

£6,731,927

 

 

Miscellaneous

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

02/04/11

(%)

27/03/10

(%)

28/03/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

YES

Capital Employed

£24,505,769

-61.9%

£64,260,535

-1.8%

£65,436,785

-3.3%

£67,664,973

0.9%

£67,043,927

Number of Employees

1028

-1.9%

1048

-3.2%

1083

-9.4%

1195

-5.2%

1261

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

THE ROYAL BANK OF SCOTLAND PLC

Bank Branch Code

16-00-03

 

 

Ratios

 

Date Of Accounts

31/03/13

31/03/12

02/04/11

27/03/10

28/03/09

Pre-tax profit margin %

2.95

2.24

1.85

4.15

2.46

Current ratio

0.87

1.11

1.07

1

0.99

Sales/Net Working Capital

-23.71

30.45

40.07

-1300.39

-229.92

Gearing %

14.60

88.50

98.60

113.20

130

Equity in %

28.80

31.90

31.10

32

27.30

Creditor Days

50.69

39.99

51.30

29.37

42

Debtor Days

60.08

59.01

67.44

59.71

63.46

Liquidity/Acid Test

0.60

0.85

0.90

0.89

0.84

Return On Capital Employed %

18.79

5.01

3.44

7.78

5.18

Return On Total Assets Employed %

5.99

2.99

2.07

5.20

3.20

Current Debt Ratio

2.37

1.27

1.28

1.03

1.39

Total Debt Ratio

2.48

2.15

2.24

2.12

2.66

Stock Turnover Ratio %

9.02

7.74

5.82

2.81

3.99

Return on Net Assets Employed %

20.88

9.42

6.74

16.27

11.75

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

 

ADDITIONAL INFORMATION

 

STATUS HISTORY

 

No Status History found

 

 

Event History

 

Date

Description

06/01/2014

New Accounts Filed

20/11/2013

Annual Returns

09/09/2013

Mr M. Haslam has left the board

14/11/2012

Annual Returns

26/10/2012

New Accounts Filed

11/05/2012

New Board Member Mr M. Haslam appointed

12/01/2012

New Accounts Filed

12/01/2012

New Accounts Filed

21/11/2011

Annual Returns

19/05/2011

Mr A.E. Yearsley has left the board

10/01/2011

New Accounts Filed

10/01/2011

New Accounts Filed

26/11/2010

Annual Returns

29/12/2009

Annual Returns

27/11/2009

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found.

 

 

NOTES & COMMENTS

 

COMMENTARY

 

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 8.5% on the previous trading period.

Net Worth decreased by 35.1% during the latest trading period.

 

A 28.6% decline in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 43% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 86.3% 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 year end on multiple occasions.

The company was established over 58 years ago.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.43

UK Pound

1

Rs.100.12

Euro

1

Rs.79.74

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

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.