MIRA INFORM REPORT

 

 

Report Date :

20.12.2014

 

IDENTIFICATION DETAILS

 

Name :

TJX UK

 

 

Registered Office :

50 Clarendon Road, Watford, Hertfordshire, Wd17 1tx

 

 

Country :

United Kingdom

 

 

Financials (as on) :

01.02.2014

 

 

Date of Incorporation :

18.08.1995

 

 

Com. Reg. No.:

03094828

 

 

Legal Form :

Private unlimited with Share Capital

 

 

Line of Business :

·         Retailing of fashionable, quality, famous name merchandise through 'TK Maxx' stores. Other retail specialised stores

·         Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)

 

 

No of Employees :

15659

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

 

Company identification

 

 

 

 

TJX UK

 

Telephone

 

+44 019 2438 2828

 

50 CLARENDON ROAD

                     Fax

-

WATFORD

Website

www.homesense.com

HERTFORDSHIRE

WD17 1TX

United Kingdom

 

 

 

Company Number:         03094828 Foundation:                   18/08/1995

 

Status:

VAT No:

 

Active - Accounts Filed

GB662563524

 

 

 

 

Main indices

 

Payment experience and credit opinion

 

Considered good for all usual trade commitments

 

 

Comments    

 

No exact match CCJs are recorded against the company.. Sales in the latest trading period increased 34.1% on the previous trading period. Net Worth increased by 18% during the latest trading period. A 19.8% growth in Total Assets occurred during the latest trading period. Pre-tax profits increased by 127.4% compared to the previous trading period. The company saw an increase in their Cash Balance of 68% 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 was established over 19 years ago.

 

 

Basic information

 

 

 

 

Legal form

Private unlimited with Share Capital

 

 

 

 

Foundation                                                                                                                                             

18/08/1995

 

 

 

 

Company No.

03094828

 

 

 

 

Previous Names          

 

  Date of Change            Previous Name

 

12/03/2008                     TK MAXX

 

 

 

 

Shareholders  

 

Name                                        Currency     Number of           Share                 type                  Nominal value

shares

TJX EUROPE LTD                          GBP            25,335,000                  REDEEMABLE        1

                                                                                                         PREFERENCE

TJX EUROPE LTD                            GBP                       48,888,262                   ORDINARY            1

TKMAXX                                           GBP                      1                                  ORDINARY           1

Total Share Capital                                                                                                        GBP 74,223,263

 

 

 

MANAGEMENT

 

Directors

Name

Address:

Date of birth

Nationality

Appointment

date

Ms Mary Blier Reynolds

50 Clarendon Road, Watford, Hertfordshire WD17 1TX

05/12/1955

American

06/06/2006

Mr Michael Callum MacMillan

50 Clarendon Road, Watford, Hertfordshire WD17 1TX

23/07/1956

British

29/01/2012

Mr David Lawrence Averill

50 Clarendon Road, Watford, Hertfordshire WD17 1TX

26/01/1967

American

19/10/2012

Mr Scott Lawrence Goldenberg

50 Clarendon Road, Watford, Hertfordshire WD17 1TX

29/01/1954

American

19/10/2012

 

 

Company Secretary

Name

Address:

 

Appointment

date

Ms Ann McCauley

50 Clarendon Road, Watford, 1TX

Hertfordshire WD17

07/06/2005

Ms Susan Beaumont

50 Clarendon Road, Watford, 1TX

Hertfordshire WD17

07/06/2005

Ms Lisa Schwartz

50 Clarendon Road, Watford, 1TX

Hertfordshire WD17

07/06/2005

Ms Alicia Colarte Kelly

50 Clarendon Road, Watford, 1TX

Hertfordshire WD17

03/06/2008

 

 

Other Known Addresses

 

1 Bentley Bridge Park, Bentley Bridge Way, Wednesfield, Wolverhampton, West Midlands WV11 1BP

1 Commercial Street, Northampton, Northamptonshire NN1 1PJ

1 Drury Crescent, Croydon, Surrey CR0 4XU

1 Octagon Centre, Orchard Street, Burton-on-trent, Staffordshire DE14 3TN

10 Calthorpe Street, Banbury, Oxfordshire OX16 5EX

10 Kemble Square, Leicester, Leicestershire LE1 3YD

10 The Hayes, Cardiff, South Glamorgan CF10 1AH

104 Commercial Road, Portsmouth, Hampshire PO1 1EJ

104-105 Broadmarsh Centre, Nottingham, Nottinghamshire NG1 7LU

106-110 High Street, Epsom, Surrey KT19 8BJ

114 St Albans Road, Watford, Hertfordshire WD24 4BX

12 Captain Cook Square, Middlesbrough, Cleveland TS1 5UB

13 Broad Street, King’s Lynn, Norfolk PE30 1DP

14 Howard Centre, Horne Lane, Bedford, Bedfordshire MK40 1UH

15 Parker Street, Liverpool, Merseyside L1 1DJ

15 The Brewery, Romford, Essex RM1 1AU

150-154 Lewisham High Street, Lewisham, London, London SE13 6JL 154-

160 High Street, Chatham, Kent ME4 4AS

15A Grand Junction Way, Crewe, Cheshire CW1 2RP

17 St. John’s Road, London, London SW11 1QN

17 The Maltings, St. Albans, Hertfordshire AL1 3HL

17-38 Monument Mall, Newcastle Upon Tyne, Tyne and Wear NE1 7AL

178-182 Grange Road, Birkenhead, Merseyside CH41 6EA

1A Castle Mall, Norwich, Norfolk NR1 3DD

1A Crown Point Shopping Park, Junction Street, Leeds, West Yorkshire LS10 1ET

1A Straiton Mains, Straiton, Loanhead, Midlothian EH20 9PW

1b Kew Retail Park, Bessant Drive, Richmond, Surrey TW9 4AD

1st Floor, The Gates Shopping Centre, Bolton, Lancashire BL1 1DF

2 Blackwater Shopping Park, Farnborough Gate, Farnborough, Hampshire GU14 8BL

2 Clarence Street, Kingston Upon Thames, Surrey KT1 1PB

2 Elliots Field Retail Park, Leicester Road, Rugby, Warwickshire CV21 1SR

2 Oxford Street, Swansea, West Glamorgan SA1 3AE

2 The Forum, Lower Tanbridge Way, Horsham, West Sussex RH12 1PQ

2 The Kingsgate Shopping Centre, King Street, Huddersfield, West Yorkshire HD1 2QB

2 Willow Place, Corby, Northamptonshire NN17 1BH

2-6 Thomas Street, Ballymena, County Antrim BT43 6AU

22 Orchard Square, Sheffield, South Yorkshire S1 2FB

22 Paddington House, Town Centre, Basingstoke, Hampshire RG21 7LJ

22 Queen Street, Salisbury, Wiltshire SP1 1EY

22-26 The Headrow, Leeds, West Yorkshire LS1 8LA 22-

26 The Headrow, Leeds, West Yorkshire LS18 5LA

23 Crompton St Grand Arcade, Wigan, Lancashire WN1 1BN

23 Crompton Street, Wigan, Lancashire WN1 1BN

23 Hatton Walk, Palacexchange, Enfield, Middlesex EN2 6BP

23 The Arcadia Centre, The Broadway, London, London W5 2ND

236a High Street, Hounslow, Middlesex TW3 1HB

24 River Street, Ayr, Ayrshire KA8 0AX

26 Sir Isaacs Walk, Colchester, Essex CO1 1JJ 26a-

40 Kensington High Street, London W8 4PW

28-32 Castle Gallery, The Mall, Bristol, Avon BS1 3XE 29-

31 New George Street, Plymouth, Devon PL1 1RA

3 Broadfields Retail Park, Bicester Road, Aylesbury, Buckinghamshire HP19 8BU

3 Old Seals Way, Chester Retail Park, Chester, Cheshire CH1 4RY

3 Oxford Street, Swansea, West Glamorgan SA1 3AE

3 The Swan Centre Factory Road, Eastleigh, Hampshire SO50 5PN 3-

4 Newhall Walk, Sutton Coldfield, West Midlands B72 1RX

30-34 The Galleria, Comet Way, Hatfield, Hertfordshire AL10 0XU

30-40 The Observatory, High Street, Slough, Berkshire SL1 1LE

31 Butter Market Shopping Centre, Ipswich, Suffolk IP1 1DT

31 High Street, Newmarket, Suffolk CB8 8LX

31-33 St. Georges Shopping & Leisur, St. Anns Road, Harrow, Middlesex HA1 1HS

32 South Groathill Avenue The Quarr, Edinburgh, Midlothian EH4 2LN

33 Strand Street, Douglas, Isle of Man, Isle of Man IM1 2EF

34 Market Street, Lancaster, Lancashire LA1 1HT

34-40 Bridge Street, Coleraine, Co Londonderry BT51 5RS

35 Milton Street, Nottingham, Nottinghamshire NG1 3EN

355 High Street, Cheltenham, Gloucestershire GL50 3HS

36-48 Argyle Street, Glasgow, Lanarkshire G2 8AD

39-41 Broad Street Mall, Reading, Berkshire RG1 7QE

4 Boston Shopping Park, Horncastle Road, Boston, Lincolnshire PE21 9BD 40-

42 Fore Street, Taunton, Somerset TA1 1HR

44-52 Times Square, High Street, Sutton, Surrey SM1 1LF

48 Main Street, Bangor, County Down BT20 5AG

48-50 High Street, Worcester, Worcestershire WR1 2QB

50 Clarendon Road, Watford, Hertfordshire WD17 1TX

51-55 Market Street, Manchester, Lancashire M1 1WR

57 King Street, London E13 8DB

6 Leyton Mills, Marshall Road, London, London E10 5NH

6 The Kennet Centre, Newbury, Berkshire RG14 5EN

6-7 Barkby Thorpe Lane, Thurmaston, Leicester, Leicestershire LE4 8GP

6-8 Fisher St The Eden Centre, Carlisle, Cumbria CA3 8RN

6-8 Marble Place Shopping Centre, Chapel Street, Southport, Merseyside PR8 1DF

60-64 Above Bar Street, Southampton, Hampshire SO14 7DS

60A Union Street, Oldham, Lancashire OL1 1DJ

62 Putney High Street, London, London SW15 1SF

64 High Street, Bromley, Kent BR1 1EG

65 Livingstone Street, Clydebank, Dunbartonshire G81 2XA

66 Evesham Walk, Kingfisher Shopping Centre, Redditch, Worcestershire B97 4HA

68 Old Christchurch Road Quadrant A, Bournemouth, Dorset BH1 1LL

70 West Street, Fareham, Hampshire PO16 0JN

76 Bank Hey Street, Blackpool, Lancashire FY1 4PX

84 Broadway, Bexleyheath, Kent DA6 7DF

9-17 Tooting High Street, London, London SW17 0SN

90-93 Cathedral Walk, The Ridings Centre, Wakefield, West Yorkshire WF1 1YD 94-

98 Silbury Arcade, Milton Keynes, Buckinghamshire MK9 3AQ

9b Auctioneers Walk, Old Market, Hereford, Herefordshire HR4 9HT

Aker Court, Bonehill Road, Tamworth, Staffordshire B78 3HP

Blackfaulds Farm, Gartloch Road, Glasgow, Lanarkshire G34 9NH

Brent South Shopping Park, Tilling Road, London NW2 1LS

Castle Vale Retail Park, Chester Road, Castle Vale, Birmingham, West Midlands B35 6HB

Centre, 34 Crowtree Road, Sunderland, Tyne and Wear SR1 3JU

Church Street, Burnley, Lancashire BB11 2DW

Crown Street, Darlington, County Durham DL1 1LU

Donegall Arcade, Castle Place, Belfast BT1 1GA

East Dock Street, Dundee, Angus DD1 3HB

Eastgate Centre, Basildon, Essex SS14 1AF

Fishergate Centre, Preston, Lancashire PR1 8HJ

Freshney Place Shopping Centre, Grimsby, South Humberside DN31 1ED

Gallagher Retail Park, Doncaster Road, Scunthorpe, South Humberside DN15 8GR

Gallagher Retail Park, Stoney Stanton Road, Coventry, West Midlands CV6 5QG

Gapton Hall Road, Great Yarmouth, Norfolk NR31 0NL

Gold Street, Kettering, Northamptonshire NN16 8JA

Golden Square Shopping Centre, Warrington, Cheshire WA1 1QB

Great Western Way, Swindon, Wiltshire SN2 1US

Green Lane, Walsall, West Midlands WS2 7PT

Greenmount Retail Park, Pellon Lane, Halifax, West Yorkshire HX1 5QN

High Road Central Square, Wembley, Middlesex HA9 6AG

High St Regent Arcade Shopping Cent, Cheltenham, Gloucestershire GL50 3JA

High St The Royals Shopping Centre, Southend-on-sea, Essex SS1 1DF

High Street, Epsom, Surrey KT19 8BJ

Humberstone Gate, Leicester, Leicestershire LE1 1WB

Kingston Hypnosis Clinic, Kingston Square, Hull, North Humberside HU2 8DH

Kingsway Retail Park, Kingsway, Derby, Derbyshire DE22 3FA

Lisnagelvin Retail Park, 7-9 Crescent Road, Londonderry, County Londonderry BT47 2NQ

Market Square, Stoke-on-trent, Staffordshire ST1 1NU

North Street, Brighton, East Sussex BN1 1EB

North Worle Shopping Centre, Queensway, Weston-super-mare, Avon BS22 6BT

Northgate Retail Park, Newark, Nottinghamshire NG24 1GA

Park, 10 Kingsgate Retail Pk, Glasgow Rd, East Kilbride, Glasgow, Lanarkshire G74 4UN

Park, 150 Provan Walk, Glasgow, Lanarkshire G34 9DL

Peel Centre, Lockerbie Road, Dumfries, Dumfriesshire DG1 3PF

Pydar Street, Truro, Cornwall TR1 2BD

Retail World, Stadium Way, Parkgate, Rotherham, South Yorkshire S60 1TG

Rushmere Shopping Centre, Craigavon, County Armagh BT64 1AA

Sauchiehall Centre, 179 Sauchiehall Street, Glasgow, Lanarkshire G2 3ER

Shopping Centre, 13 Chequers Square, Uxbridge, Middlesex UB8 1LN

St Peters Retail Park St Peters Str, Maidstone, Kent ME16 0SU

St. Catherines Retail Park, Perth, Perthshire PH1 5XA

St. Helens Retail Park, Warrington New Road, St. Helens, Merseyside WA9 1JJ

Store 2, Kingsgate Centre, King Street, Huddersfield, West Yorkshire HD1 2QB

The Arcade, Fleet Walk, Torquay, Devon TQ2 5EN

The Courts, Warren Street, Stockport, Cheshire SK1 1UD

The Exchange, Ilford, Essex IG1 1AS

The Garage, Island Green, Bradley Road, Wrexham, Clwyd LL13 7TG

The Peacocks Centre, Woking, Surrey GU21 6GA

Thunderton Place, Elgin, Morayshire IV30 1BG

Trinity Square Shopping Ceentre, Milton Street, Nottingham, Nottinghamshire NG1 3GL

Trostre Retail Park, Llanelli, Dyfed SA14 9UY

Unit 1 Brislington Retail Park, Bath Road, Brislington, Bristol, Avon BS4 5NG

Unit 1 North Street, Scarborough, North Yorkshire YO11 1DF

Unit 1 Talbot Green Retail Park, Talbot Green, Pontyclun, Mid Glamorgan CF72 8LW

Unit 1 Union Glen, Aberdeen, Aberdeenshire AB11 6ER

Unit 1, Park, Central Six Retail Park, Warwick Rd, Coventry, West Midlands CV3 6TA

Unit 1, Park, Dragonville Retail Park, Dragon La, Durham, County Durham DH1 2WP

Unit 1, Stour Retail Park, Stour Crescent, Canterbury, Kent CT1 1AD

Unit 1-2, Angouleme Way Retail Park, George Street, Bury, Lancashire BL9 0BZ

Unit 1-2, Chilwell Retail Park, Beeston, Nottingham, Nottinghamshire NG9 6DS

Unit 10 Grahams Road Central Retail, Falkirk, Stirlingshire FK1 1LW

Unit 10, The Forum Centre, The Forum, Stevenage, Hertfordshire SG1 1ES

Unit 10-12, Morfa Shopping Park, Brunel Way, Swansea, West Glamorgan SA1 7BP

Unit 100 Merry Hill South Upper Mal, Brierley Hill, West Midlands DY5 1SE

Unit 100 Merry Hill, Brierley Hill, West Midlands DY5 1SE

Unit 10A, Beehive Centre, Coldhams Lane, Cambridge, Cambridgeshire CB1 3ET

Unit 11-12, 53 Valley Road, Bradford, West Yorkshire BD1 4RN

Unit 12-14, Wellington Retail Park, 2 Hambledon Road, Waterlooville, Hampshire PO7 7FG

Unit 13, Boucher Retail Park, Boucher Crescent, Belfast, County Antrim BT12 6HU

Unit 13, Montague Centre, Liverpool Road, Worthing, West Sussex BN11 1YJ

Unit 13, Retail World, Team Valley Trading Estate, Gateshead, Tyne and Wear NE11 0BD

Unit 16, Telford Forge Retail Park, Colliers Way, Old Park, Telford, Shropshire TF3 4AG

Unit 19-20, The Water Gardens, Haydens Road, Harlow, Essex CM20 1AR

Unit 1A, Peninsular Park Road, London, London SE7 7TZ

Unit 1B, Ringwood Road Retail Park, 901-905 Ringwood Road, Bournemouth, Dorset BH11 8LL

Unit 1B, Trinity Street, Bolton, Lancashire BL3 6DH

Unit 2 Academy Retail Park, Strothers Lane, Inverness, Inverness-Shire IV1 1JT

Unit 2 Monks Cross Drive Monks Cros, Shopping Park, York, North Yorkshire YO32 9GX

Unit 2, Centaurus Road, Patchway, Bristol, Avon BS34 5TS

Unit 2, Kingsgate, Queensway, Crawley, West Sussex RH10 1EN

Unit 2, Longwood Retail Park, Longwood Road, Newtownabbey, County Antrim BT37 9UF

Unit 2, Mendalgief Retail Park, Docks Way, Newport, Gwent NP20 2NY

Unit 2, One Stop Retail Park, Walsall Road, Birmingham, West Midlands B42 1AA

Unit 2, The Point Retail Park, Molesworth Street, Rochdale, Lancashire OL16 1TS

Unit 2, Trident Park, Halton Lea, Runcorn, Cheshire WA7 2FQ

Unit 22-23, Gallions Reach Shopping Park, 3 Armada Way, London, London E6 7ER

Unit 23-24, St. Stephens, 110 Ferensway, Hull, North Humberside HU2 8LN

Unit 25 26 The Mercat Centre, Kirkcaldy, Fife KY1 1NU

Unit 26, Merlins Walk, Carmarthen, Dyfed SA31 3BN

Unit 27, Ropewalk, Chapel Street, Nuneaton, Warwickshire CV11 5TZ

Unit 29, Bow Street Mall, Bow Street, Lisburn, County Antrim BT28 1AW

Unit 2A-2B, Belvedere Retail Park, Belvedere Parkway, Newcastle Upon Tyne, Tyne and Wear NE3 2PA

Unit 2B, Cwmbran Retail Park, Cwmbran Drive, Cwmbran, Gwent NP44 3JQ

Unit 3 Highlight Retail Park, Harbour Walk, Hartlepool, Cleveland TS24 0YA

Unit 3 Teesside Retail Park, Thornaby, Stockton-on-tees, Cleveland TS17 7BW

Unit 3, Barrey Road, Ashford Business Park, Sevington, Ashford, Kent TN24 0SG

Unit 3, Dysart Retail Park, Dysart Road, Grantham, Lincolnshire NG31 7NP

Unit 3, Friary Retail Park, The Green, Stafford, Staffordshire ST17 4BA

Unit 3, Linwood Road, Phoenix Retail Park, Paisley, Renfrewshire PA1 2AB

Unit 3, Riverside, Hemel Hempstead, Hertfordshire HP1 1BT

Unit 3, The Exebridge Centre, Exeter, Devon EX4 1AH

Unit 3, Tunbridge Wells Shopping Park, Longfield Road, Tunbridge Wells, Kent TN2 3UE

Unit 3-4, The Tandem Centre, Tandem Way, London, London SW19 2TY

Unit 38, The Alhambra Shopping Centre, Cheapside, Barnsley, South Yorkshire S70 1SB

Unit 4 5 Meadowbank Retail Park, Edinburgh, Midlothian EH8 8JE

Unit 4 the Junction, Thurrock Shopping Park, Weston Avenue, West Thurrock, Grays, Essex RM20 3LP

Unit 4, Antonine Shopping Centre, Tryst Road, Cumbernauld, Glasgow, Lanarkshire G67 1JW

Unit 4, Earl Road, Cheadle Hulme, Cheadle, Cheshire SK8 6PT

Unit 4, St. Peters Retail Park, Station Street, Mansfield, Nottinghamshire NG18 1BE

Unit 44, Westwood Cross, Margate Road, Broadstairs, Kent CT10 2BF

Unit 45-47, Middle Mall, Darwin Centre, Shrewsbury, Shropshire SY1 1BW

Unit 5 Almondvale Road, Livingston, West Lothian EH54 6HP

Unit 50, Silverburn Shopping Centre, 763 Barrhead Road, Glasgow, Lanarkshire G53 6AF

Unit 5A, Kittybrewster Retail Park, Bedford Road, Aberdeen, Aberdeenshire AB24 3LJ

Unit 6, Templars Retail Park, The John Allen Centre, Between Towns Road, Oxford, Oxfordshire OX4 3JP

Unit 6-10, North End Mall, Centrale Shopping Centre, North End, Croydon, Surrey CR0 1TY

Unit 6A, Capitol Centre, Walton-Le-Dale, Preston, Lancashire PR5 4AW

Unit 7, Glencairn Retail Park, Kilmarnock, Ayrshire KA1 4AY

Unit 7, Newcastle Business Park, F Fossway, Newcastle Upon Tyne, Tyne and Wear NE6 2UJ

Unit 7, Prospect Place, Dartford, Kent DA1 1DY

Unit 7-8, Crown Wharf Shopping Park, Wolverhampton Street, Park, Walsall, West Midlands WS2 8LL

Unit 8, Cyfarthfa Retail Park, Swansea Road, Merthyr Tydfil, Mid Glamorgan CF48 1HY

Unit 8, Neary Way, Urmston, Manchester, Lancashire M41 7FN

Unit 8-9, Crown Point North Shopping Park, Worthington Way, Denton, Manchester, Lancashire M34 3JP

Unit A, 45 Merchants Quay, Newry, Co Down BT35 8HE

Unit A, Townsmoor Retail Park, Great Bolton Street, Blackburn, Lancashire BB2 3PX

Unit A, West Mall, Castlepoint, Castle Lane West, Bournemouth, Dorset BH8 9UY

Unit A1, Ordsall Lane Regent Road Retail Par, Salford, Lancashire M5 4TJ

Unit B First Floor, Wood Green Shopping Centre, London N22 6YD

Unit B, Barn Road, Norwich, Norfolk NR2 4PW

Unit C1, 8 Chelmer Village Retail Park, Chelmer Village Way, Chelmsford, Essex CM2 6XE

Unit Ds1, Bullring, Birmingham, West Midlands B5 4BS

Unit E, Crystal Peaks Retail Park, Drake House Way, Crystal Peaks, Sheffield, South Yorkshire S20 7JL

Unit E, Peel Centre, Lockerbie Road, Dumfries, Dumfriesshire DG1 3PF

Unit M, Interchange Retail Park, Race Meadows Way, Kempston, Bedford, Bedfordshire MK42 7AZ

Unit N1, Two Rivers Retail Park, Mustard Mill Road, London, London TW18 4WA

Valentine Road, Lincoln, Lincolnshire LN6 7BH

Victoria Gardens, Harrogate, North Yorkshire HG1 1AG

Watling Street, Bletchley, Milton Keynes, Buckinghamshire MK1 1BN

Way, Great Western Way, Swindon, Wiltshire SN2 1US

Weavers Wharf, Lower Mill Street, Kidderminster, Worcestershire DY11 6UU

Wheatley Hall Road, Doncaster, South Yorkshire DN2 4PE

White River Place Shopping Centre, St Austell, Cornwall PL25 5LX

 

 

 

Company relationships

 

Company No.

Name

Status

Country

 

 

 

 

Ultimate parent

 

 

 

 

 

 

 

07850236

NBC EUROPE LTD.

Active

United Kingdom

08625019

TJX GERMANY LTD.

Active

United Kingdom

02774693

TK MAXX

Active

United Kingdom

 

 

 

 

Subsidiary companies

 

06846443

TJX EUROPE BUYING GROUP LIMITED

Active

United Kingdom

07496828

TJX EUROPE BUYING (POLSKA) LIMITED

Active

United Kingdom

07503662

TJX EUROPE BUYING LIMITED

Active

United Kingdom

03026299

TJX EUROPE BUYING (DEUTSCHLAND)

Active

United Kingdom

 

LIMITED

 

 

IE316341

TJX IRELAND

Active

Ireland

 

 

 

 

Immediate parent

 

 

 

 

03094829

TJX EUROPE LIMITED

Active

United Kingdom

 

 

Business activities

 

Main activity

 

Principal Activity            Retailing of fashionable, quality, famous name merchandise through ’TK Maxx’ stores.

SIC03                           Other retail specialised stores

SIC07                           Other retail sale of new goods in specialised stores (not commercial art galleries and

opticians)

 

Economic data

 

Turnover and Employees

 

Date of Accounts

 

 

28/01/2012

GBP 1,353,600,000

14,239

02/02/2013

GBP 1,814,600,000

14,421

01/02/2014

GBP 1,995,000,000

15,659

 

 

 

Supplementary Data

 

Banks

 

Bank Name                                                                              Bank Branch Sort Code

NATIONAL WESTMINSTER BANK PLC

 

 

Auditor

 

Auditor name

 

PRICEWATERHOUSECOOPERS LLP

 

 

Events

 

Company history

 

Date

Action

 

13/09/2010

Annual Returns

29/09/2010

New Accounts Filed

29/09/2010

New Accounts Filed

21/01/2011

New Board Member Mr J.P. Wilmot appointed

09/09/2011

Annual Returns

04/10/2011

New Accounts Filed

04/10/2011

New Accounts Filed

18/11/2011

Mr J.P Wilmot has left the board

03/02/2012

Mr PD. Sweetenham has left the board

27/02/2012

New Board Member Mr M.C. MacMillan appointed

01/09/2012

Annual Returns

02/11/2012

Mr A. Appel has left the board

02/11/2012

Mr J. Naylor has left the board

02/11/2012

New Board Member Mr D.L Averill appointed

05/11/2012

New Accounts Filed

 

05/11/2012

New Accounts Filed

09/11/2012

New Board Member Mr D.L. Averill appointed

15/11/2012

New Board Member Mr S.L. Goldenberg appointed

22/11/2012

New Board Member Mr S.L. Goldenberg appointed

04/09/2013

Annual Returns

02/11/2013

New Accounts Filed

02/11/2013

New Accounts Filed

13/09/2014

Annual Returns

08/11/2014

New Accounts Filed

08/11/2014

New Accounts Filed

 

 

Mortgages

 

Charge created                                      02/08/2010

Charge registered                                   04/08/2010

Status                                                   OUTSTANDING

Entitled person                                      DEUTSCHE BANK AG, LONDON BRANCH

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

ON ANY ACCOUNT WHATSOEVER

Mortgage detail                                      ACCOUNT NAME: TJX UKACCOUNT NO. 0194100 SEE IMAGE FOR FULL DETAILS

 

 

County Court Judgments (CCJs)

 

There are no County Court Judgments listed against this company

 

 

Accounts

 

Profit & Loss

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Turnover

1,995,000,000

1,814,600,000

1,353,600,000

1,264,900,000

Export

-

-

-

-

Cost of Sales

1,767,200,000

1,606,000,000

1,200,500,000

1,136,200,000

Gross Profit

227,800,000

208,600,000

153,100,000

128,700,000

Wages And Salaries

242,800,000

223,600,000

194,900,000

177,400,000

Directors Emoluments

1,500,000

1,900,000

4,100,000

1,300,000

Operating Profit

91,100,000

66,200,000

23,800,000

34,700,000

Depreciation

52,800,000

48,700,000

44,500,000

38,300,000

Audit Fees

100,000

400,000

300,000

300,000

Interests Payments

2,000,000

900,000

1,200,000

100,000

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Pre Tax Profit

91,500,000

80,500,000

35,400,000

92,000,000

Taxation

-18,600,000

-15,300,000

-5,700,000

-9,600,000

Profit After Tax

72,900,000

65,200,000

29,700,000

82,400,000

Dividends Payable

0

2,400,000

0

0

Retained Profit

72,900,000

62,800,000

29,700,000

82,400,000

 

Balance Sheet

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Tangible Assets

314,500,000

295,800,000

279,900,000

276,400,000

Intangible Assets

0

0

0

0

Total Fixed Assets

314,500,000

295,800,000

279,900,000

276,400,000

Stock

225,300,000

205,200,000

185,100,000

175,300,000

Trade Debtors

600,000

3,900,000

1,900,000

3,200,000

Cash

169,900,000

114,100,000

67,900,000

42,400,000

Other Debtors

246,400,000

192,100,000

142,000,000

129,800,000

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

642,200,000

515,300,000

396,900,000

350,700,000

Trade Creditors

145,200,000

153,300,000

135,700,000

132,900,000

Bank Loans and Overdraft

0

0

0

0

Other Short Term Finance

126,900,000

39,600,000

22,200,000

12,000,000

Miscellaneous Current Liabilities

109,100,000

115,100,000

80,700,000

79,400,000

Total Current Liabilities

381,200,000

308,000,000

238,600,000

224,300,000

Bank Loans and Overdrafts LTL

73,800,000

65,700,000

67,600,000

65,900,000

Other Long Term Finance

25,300,000

25,300,000

25,300,000

0

Total Long Term Liabilities

73,800,000

65,700,000

67,600,000

65,900,000

 

Capital & Reserves

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Called Up Share Capital

48,900,000

48,900,000

48,900,000

48,900,000

P and L Account Reserve

421,200,000

350,800,000

288,000,000

258,300,000

Revaluation Reserve

0

0

0

0

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Sundry Reserves

31,600,000

37,700,000

33,700,000

29,700,000

Shareholders Funds

501,700,000

437,400,000

370,600,000

336,900,000

 

 

Other Financial Items

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Net Worth

501,700,000

437,400,000

370,600,000

336,900,000

Working Capital

261,000,000

207,300,000

158,300,000

126,400,000

Total Assets

956,700,000

811,100,000

676,800,000

627,100,000

Total Liabilities

455,000,000

373,700,000

306,200,000

290,200,000

Net Assets

501,700,000

437,400,000

370,600,000

336,900,000

 

 

Cash Flow

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Net Cash Flow from Operations

0

0

0

0

Net Cash Flow before Financing

0

0

0

0

Net Cash Flow from Financing

0

0

0

0

Increase in Cash

55,800,000

46,200,000

25,500,000

-51,643,600

 

 

Miscellaneous

 

 

01/02/2014

56

GBP

Group: No

02/02/2013

61

GBP

Group: No

28/01/2012

56

GBP

Group: No

29/01/2011

56

GBP

Group: No

Capital Employed

575,500,000

503,100,000

438,200,000

402,800,000

 

 

Financial Rations

 

Name

01/02/2014

02/02/2013

28/01/2012

29/01/2011

Pre Tax Profit Margin

4.59 %

4.44 %

2.62 %

7.27 %

Current Ration

1.68

1.67

1.66

1.56

Sales or Net Working Capital

7.64

8.75

8.55

10.01

Gearing

14.71 %

15.02 %

18.24 %

19.56 %

Equity

52.44 %

53.93 %

54.76 %

53.72 %

Creditor Days

26.49

31.34

36.49

38.24

Debtor Days

0.10

0.79

0.51

0.92

Liquidity or Acid test

1.09

1.00

0.88

0.78

Return on Capital Employed

15.89 %

16.00 %

8.07 %

22.84 %

Return on Total Assets Employed

9.56 %

9.92 %

5.23 %

14.67 %

Current Debt Ratio

0.75 %

0.70 %

0.64 %

0.66 %

Total Debt Ratio

0.90 %

0.85 %

0.82 %

0.86 %

Stock Turnover Ratio

11.29 %

11.30 %

13.67 %

13.85 %

Return on Net Assets Employed

18.23 %

18.40 %

9.55 %

27.30 %

 

Remarks

 

Achieving high levels of turnover and profitability. The general financial position appears to be strong and substantial reserves have been built up. Company part of large group whose revenue for 2013 amounted to $27.4 billion and employ 160,000 employees worldwide. Should continue to trade well for the foreseeable future

 

Next accounts due to be filled by 2015

 

Activity: Retailing of fashionable, quality, brand name merchandise through ' TK Maxx' Stores.

 

Trading Address: Accounts Payable: P.O Box 2283, 50 Clarendon Road, Watford, Hertfordshire, WD17 1TX

 

Branches: Group operates Worldwide

 

Employees: 15,659

 

Bank: National Westminster Bank PLC


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 63.06

UK Pound

1

Rs. 98.73

Euro

1

Rs. 77.45

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.