|
Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MISS SELFRIDGE RETAIL LIMITED |
|
|
|
|
Formerly Known As : |
JASMINEBROOK LIMITED |
|
|
|
|
Registered Office : |
Colegrave House, 70 Berners Street, London, W1T 3NL |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
25.08.2012 |
|
|
|
|
Date of Incorporation : |
12.07.2001 |
|
|
|
|
Com. Reg. No.: |
04251393 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Other Business Support Service Activities [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
880 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 Name: MISS SELFRIDGE RETAIL LIMITED
Company No: 04251393
Registered Address: COLEGRAVE
HOUSE
70 BERNERS STREET
LONDON
W1T 3NL
Registered Address COLEGRAVE HOUSE
70 BERNERS STREET
LONDON
W1T 3NL
Trading Address Colegrave House
68-70 Berners Street
London
W1T 3NL
Website Address http://www.missselfridge.com
Telephone Number 01789209205
TPS No
FPS No
Incorporation Date 12/07/2001
Previous Name JASMINEBROOK LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 27/07/2001
Filing Date of Accounts 31/05/2013
Currency GBP
Share Capital £1,000
SIC07 82990
SIC07 Description OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.
Principal Activity Retail clothing stores under the Miss Selfridge Brand Name.
CCJ recorded against the company.
Sales in the latest trading period increased 5.8% on the previous
trading period.
Net Worth increased by 21.7% during the latest trading period.
A 17.7% growth in Total Assets occurred during the latest trading
period.
Pre-tax profits increased by 200.2% compared to the previous trading
period.
The company saw a decrease in their Cash Balance of 9.9% 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 was established over 12 years ago.
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
13/03/2009 |
COVENTRY |
£589 |
Judgement |
9CV00528 |
- |
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
15 |
Current Directors
|
Name |
Date of Birth |
03/02/1965 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
49 |
Function |
Director |
|
Appointment Date |
01/05/2012 |
||
|
Address |
46 Blackmoor Lane, Bardsey, Leeds, LS17 9DY |
||
|
Other Actions |
|||
|
Name |
Date of Birth |
13/02/1965 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
104 |
Function |
Director |
|
Appointment Date |
14/09/2005 |
||
|
Address |
Colegrave House 70 Berners Street, London, W1T 3NL |
||
|
Other Actions |
|||
|
Name |
Date of Birth |
08/12/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
101 |
Function |
Director |
|
Appointment Date |
16/08/2006 |
||
|
Address |
Colegrave House 70 Berners Street, London, W1T 3NL |
||
|
Other Actions |
|||
|
Name |
Date of Birth |
08/07/1973 |
|
|
Officers Title |
Mrs |
Nationality |
Irish |
|
Present Appointments |
37 |
Function |
Director |
|
Appointment Date |
17/10/2007 |
||
|
Address |
Colegrave House 70 Berners Street, London, W1T 3NL |
||
|
Other Actions |
|||
|
Name |
Date of Birth |
27/11/1968 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
57 |
Function |
Director |
|
Appointment Date |
02/03/2011 |
||
|
Address |
4a Crowlees Road, Mirfield, West Yorkshire, WF14 9PR |
||
|
Other Actions |
|||
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Nationality |
British |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
18/07/2013 |
||
|
Address |
Arcadia Group Limited Colegrave House, 70 Berners Street, London, W1T
3NL |
||
Top 20
Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
ARCADIA GROUP LTD |
GBP |
740 |
ORDINARY |
1 |
74 |
|
STANCEPOWER LTD |
GBP |
260 |
CUMULATIVE PARTICIPATING PREFERENCE |
1 |
26 |
|
Date Of Accounts |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£141,407,000 |
5.8% |
£133,698,000 |
2.5% |
£130,430,000 |
5.8% |
£123,300,000 |
1.6% |
£121,409,000 |
|
Export |
£8,935,000 |
14.6% |
£7,795,000 |
62.6% |
£4,794,000 |
17% |
£4,098,000 |
-46.7% |
£7,685,000 |
|
Cost of Sales |
£121,272,000 |
-0.7% |
£122,077,000 |
9.3% |
£111,680,000 |
4.8% |
£106,525,000 |
0% |
£106,542,000 |
|
Gross Profit |
£20,135,000 |
73.3% |
£11,621,000 |
-38% |
£18,750,000 |
11.8% |
£16,775,000 |
12.8% |
£14,867,000 |
|
Wages & Salaries |
£22,063,000 |
0.7% |
£21,900,000 |
4.6% |
£20,932,000 |
7.3% |
£19,510,000 |
-2.7% |
£20,048,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
£11,382,000 |
-0.4% |
£11,429,000 |
11.3% |
£10,271,000 |
|
Depreciation |
£1,903,000 |
-6.3% |
£2,031,000 |
20.7% |
£1,683,000 |
4.6% |
£1,609,000 |
23.4% |
£1,304,000 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
£12,766,000 |
200.2% |
£4,252,000 |
-62.6% |
£11,382,000 |
-3.5% |
£11,796,000 |
14.8% |
£10,271,000 |
|
Taxation |
-£3,431,000 |
-158.2% |
-£1,329,000 |
61% |
-£3,410,000 |
3.7% |
-£3,540,000 |
-51.1% |
-£2,343,000 |
|
Profit After Tax |
£9,335,000 |
219.4% |
£2,923,000 |
-63.3% |
£7,972,000 |
-3.4% |
£8,256,000 |
4.1% |
£7,928,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£9,335,000 |
219.4% |
£2,923,000 |
-63.3% |
£7,972,000 |
-3.4% |
£8,256,000 |
4.1% |
£7,928,000 |
|
Date Of Accounts |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
|
Tangible Assets |
£6,764,000 |
8.6% |
£6,230,000 |
-12.7% |
£7,136,000 |
2.8% |
£6,940,000 |
46% |
£4,754,000 |
|
Intangible Assets |
£861,000 |
-10% |
£957,000 |
-9.1% |
£1,053,000 |
-8.3% |
£1,148,000 |
-7.7% |
£1,244,000 |
|
Total Fixed Assets |
£7,625,000 |
6.1% |
£7,187,000 |
-12.2% |
£8,189,000 |
1.2% |
£8,088,000 |
34.8% |
£5,998,000 |
|
Stock |
£10,742,000 |
13.7% |
£9,449,000 |
2.4% |
£9,225,000 |
20.3% |
£7,670,000 |
18.6% |
£6,467,000 |
|
Trade Debtors |
£3,046,000 |
-26.2% |
£4,130,000 |
-6.9% |
£4,436,000 |
23.5% |
£3,592,000 |
18.6% |
£3,029,000 |
|
Cash |
£301,000 |
-9.9% |
£334,000 |
125.7% |
£148,000 |
-69.7% |
£489,000 |
-2.6% |
£502,000 |
|
Other Debtors |
£58,120,000 |
24.3% |
£46,757,000 |
21.5% |
£38,491,000 |
27.2% |
£30,271,000 |
9.5% |
£27,648,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£72,209,000 |
19% |
£60,670,000 |
16% |
£52,300,000 |
24.5% |
£42,022,000 |
11.6% |
£37,646,000 |
|
Trade Creditors |
£10,578,000 |
16.4% |
£9,091,000 |
-0.4% |
£9,124,000 |
19.3% |
£7,647,000 |
2.3% |
£7,472,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
£10,996,000 |
3% |
£10,676,000 |
7.2% |
£9,961,000 |
10.3% |
£9,031,000 |
-17.9% |
£10,996,000 |
|
Total Current Liabilities |
£21,574,000 |
9.1% |
£19,767,000 |
3.6% |
£19,085,000 |
14.4% |
£16,678,000 |
-9.7% |
£18,468,000 |
|
Bank Loans & Overdrafts and LTL |
£4,598,000 |
22.2% |
£3,763,000 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£4,598,000 |
22.2% |
£3,763,000 |
- |
0 |
- |
0 |
- |
0 |
.
|
Date Of Accounts |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
|
Called Up Share Capital |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
P & L Account Reserve |
£41,694,000 |
28.8% |
£32,359,000 |
9.9% |
£29,436,000 |
37.1% |
£21,464,000 |
62.5% |
£13,208,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£11,967,000 |
- |
£11,967,000 |
- |
£11,967,000 |
- |
£11,967,000 |
- |
£11,967,000 |
|
Shareholder Funds |
£53,662,000 |
21.1% |
£44,327,000 |
7.1% |
£41,404,000 |
23.8% |
£33,432,000 |
32.8% |
£25,176,000 |
|
Date Of Accounts |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
|
Net Worth |
£52,801,000 |
21.7% |
£43,370,000 |
7.5% |
£40,351,000 |
25% |
£32,284,000 |
34.9% |
£23,932,000 |
|
Working Capital |
£50,635,000 |
23.8% |
£40,903,000 |
23.1% |
£33,215,000 |
31.1% |
£25,344,000 |
32.2% |
£19,178,000 |
|
Total Assets |
£79,834,000 |
17.7% |
£67,857,000 |
12.2% |
£60,489,000 |
20.7% |
£50,110,000 |
14.8% |
£43,644,000 |
|
Total Liabilities |
£26,172,000 |
11.2% |
£23,530,000 |
23.3% |
£19,085,000 |
14.4% |
£16,678,000 |
-9.7% |
£18,468,000 |
|
Net Assets |
£53,662,000 |
21.1% |
£44,327,000 |
7.1% |
£41,404,000 |
23.8% |
£33,432,000 |
32.8% |
£25,176,000 |
|
Date Of Accounts |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
(%) |
30/08/08 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£58,260,000 |
21.1% |
£48,090,000 |
16.1% |
£41,404,000 |
23.8% |
£33,432,000 |
32.8% |
£25,176,000 |
|
Number of Employees |
880 |
6.3% |
828 |
-55.3% |
1853 |
121.9% |
835 |
- |
- |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
|
Date Of Accounts |
25/08/12 |
27/08/11 |
28/08/10 |
29/08/09 |
30/08/08 |
|
Pre-tax profit margin % |
9.03 |
3.18 |
8.73 |
9.57 |
8.46 |
|
Current ratio |
3.35 |
3.07 |
2.74 |
2.52 |
2.04 |
|
Sales/Net Working Capital |
2.79 |
3.27 |
3.93 |
4.87 |
6.33 |
|
Gearing % |
8.60 |
8.50 |
0 |
0 |
0 |
|
Equity in % |
67.90 |
66.30 |
69.70 |
68.30 |
59.40 |
|
Creditor Days |
27.22 |
24.75 |
25.46 |
22.57 |
22.40 |
|
Debtor Days |
7.84 |
11.24 |
12.37 |
10.60 |
9.08 |
|
Liquidity/Acid Test |
2.84 |
2.59 |
2.25 |
2.05 |
1.68 |
|
Return On Capital Employed % |
21.91 |
8.84 |
27.49 |
35.28 |
40.79 |
|
Return On Total Assets Employed % |
15.99 |
6.26 |
18.81 |
23.54 |
23.53 |
|
Current Debt Ratio |
0.40 |
0.44 |
0.46 |
0.49 |
0.73 |
|
Total Debt Ratio |
0.48 |
0.53 |
0.46 |
0.49 |
0.73 |
|
Stock Turnover Ratio % |
7.59 |
7.06 |
7.07 |
6.22 |
5.32 |
|
Return on Net Assets Employed % |
23.78 |
9.59 |
27.49 |
35.28 |
40.79 |
|
No Status History found |
|
Date |
Description |
|
13/08/2013 |
Miss A.L. Waldron has resigned as company secretary |
|
13/08/2013 |
New Company Secretary G. Premi appointed |
|
21/06/2013 |
Annual Returns |
|
13/06/2013 |
New Accounts Filed |
|
13/06/2013 |
New Accounts Filed |
|
16/06/2012 |
Annual Returns |
|
04/06/2012 |
New Accounts Filed |
|
04/06/2012 |
New Accounts Filed |
|
09/05/2012 |
New Board Member Mr R. Dedombal appointed |
|
08/03/2012 |
Mr M.A. Healey has left the board |
|
15/06/2011 |
Annual Returns |
|
10/06/2011 |
New Accounts Filed |
|
10/06/2011 |
New Accounts Filed |
|
07/03/2011 |
Mr C.P. Duckels has left the board |
|
07/03/2011 |
New Board Member Mrs S. Wightman appointed |
|
Date |
Previous Name |
|
27/07/2001 |
JASMINEBROOK LIMITED |
Statistics
|
Group |
82 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
ARCADIA GROUP LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
TAVETA LTD |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
13/03/2009 |
COVENTRY |
£589 |
Judgement |
9CV00528 |
- |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.14 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.80.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.