MIRA INFORM REPORT
|
Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RADLEY + CO. LIMITED |
|
|
|
|
Registered Office : |
Greater London House Mornington Crescent London NW1 7QX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2013 |
|
|
|
|
Date of Incorporation : |
05.07.2006 |
|
|
|
|
Com. Reg. No.: |
02573819 |
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|
|
|
Legal Form : |
Private Limited with share capital |
|
|
|
|
Line of Business : |
Subject is engaged in design and sale of own branded leather goods and
accessories |
|
|
|
|
No. of Employees |
191 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – 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 |
|
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
name and address
Company Name: RADLEY + CO. LIMITED
Company No: 02573819
Registered Address:
GREATER LONDON HOUSE
MORNINGTON CRESCENT
LONDON
NW1 7QX
Company
information
DIRECTORS/MANAGEMENT
|
Total Current Directors |
9 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
14 |
Current Directors
|
Name |
Date of Birth |
23/10/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
22/04/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
30/01/1969 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
02/12/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
17/03/1952 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
15 |
Function |
Director |
|
Appointment Date |
23/01/2012 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
28/08/1976 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Director |
|
Appointment Date |
22/04/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
20/02/1960 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
22/04/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
15/04/1947 |
|
|
Officers Title |
Mrs |
Nationality |
Australian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
22/04/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
30/06/1969 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
22/04/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
12/07/1969 |
|
|
Officers Title |
Mr |
Nationality |
French |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
02/12/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
01/02/1973 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
02/12/2013 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
|
Other Actions |
|
||
Current
Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
02/03/2012 |
|
|
|
Address |
Greater London House Mornington Crescent, Hampstead Road, London, NW1 7QX |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
12 |
|
|
6 |
9 |
|
|
6 |
9 |
|
|
1 |
2 |
|
|
1 |
11 |
|
|
7 |
9 |
|
|
6 |
59 |
|
|
6 |
59 |
|
|
0 |
11 |
|
|
0 |
11 |
|
|
1 |
20 |
|
|
3 |
7 |
|
|
0 |
15 |
|
|
0 |
2 |
NEGATIVE
INFORMATION
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
|
No CCJs found |
Possible CCJs
Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage
Details
|
Mortgage Type: |
SUPPLEMENTAL LEGAL MORTGAGE |
||
|
Date Charge Created: |
22/08/12 |
|
|
|
Date Charge Registered: |
30/08/12 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC (IN ITS CAPACITY AS SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OFTHE AFOREMENTIONED INSTRUMENT CREATING OREVIDENCING THE CHARGE |
||
|
Details: |
L/H PROPERTY K/A UNIT 1, SITE B BRUDENELL DRIVE, BRINKLOW, MILTON KEYNES SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
INSURANCE ASSIGNMENT |
||
|
Date Charge Created: |
26/11/09 |
|
|
|
Date Charge Registered: |
04/12/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC (SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OFTHE AFOREMENTIONED INSTRUMENT CREATING OREVIDENCING THE CHARGE |
||
|
Details: |
THE POLICIES WITH THE INSURER AEGON SCOTTISH EQUITABLE, LIVES ASSURED SVEN WILLI SWITHIN GAEDE, JONATHAN NEIL BLANCHARD, LOWELL JUDITH HARDER, SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
09/12/07 |
|
|
|
Date Charge Registered: |
18/12/07 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC (SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
UNIT 1 SITE B BRUNDELL DRIVE BRINKLOW MI 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
INSURANCE ASSIGNMENT |
||
|
Date Charge Created: |
09/12/07 |
|
|
|
Date Charge Registered: |
18/12/07 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC (SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE POLICIES WITH BASSETT LIFE,LIFE ASSURED:LOWELL HARDER, ROGER BEST, NUMBEREDASL21037, ASL20971, SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT |
||
|
Date Charge Created: |
12/07/06 |
|
|
|
Date Charge Registered: |
01/08/06 |
|
|
|
Date Charge Satisfied: |
26/02/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ANY SUMS OR SUMS STANDING TO THE CREDITIF ANY ONE OR MORE OF ANY PRESENT OF FUTURE ACCOUNTS OF THE COMPANY WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIESOTHER THAN STERLING. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
25/02/06 |
|
|
|
Date Charge Registered: |
09/03/06 |
|
|
|
Date Charge Satisfied: |
26/02/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC (AS SECURITY AGENT FOR THE SECURED PARTIES) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP TO THE CHARGEE AND/OR THE OTHER SECUREDPARTIES OR ANY OF THEM ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
UNIT 1, SITE B, BRUNDELL DRIVE, BRINKLOW, MILTON KEYNES T/N BM296212 FIXED AND FLOATING CHARGES OVERTHE 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: |
DEBENTURE |
||
|
Date Charge Created: |
21/02/03 |
|
|
|
Date Charge Registered: |
28/02/03 |
|
|
|
Date Charge Satisfied: |
02/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
LOWELL JUDITH HARDER |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/02/03 |
|
|
|
Date Charge Registered: |
28/02/03 |
|
|
|
Date Charge Satisfied: |
02/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ALAN MARK WARNER,MALCOLM WARNER,CHRISTOPHER HOWELL AND PETER MYERS |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
16/02/95 |
|
|
|
Date Charge Registered: |
20/02/95 |
|
|
|
Date Charge Satisfied: |
02/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SINGER & FRIEDLANDER LIMITED |
||
|
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
A CREDIT AGREEMENT |
||
|
Date Charge Created: |
09/03/93 |
|
|
|
Date Charge Registered: |
12/03/93 |
|
|
|
Date Charge Satisfied: |
02/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLOSE BROTHERS LIMITED |
||
|
Amount Secured: |
£56980 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF AN AGREEMENT |
||
|
Details: |
ALL RIGHT TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE UNDER THE INSURANCE |
||
|
Mortgage Type: |
CREDIT AGREEMENT |
||
|
Date Charge Created: |
18/02/93 |
|
|
|
Date Charge Registered: |
24/02/93 |
|
|
|
Date Charge Satisfied: |
02/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLOSE BROTHERS LIMITED |
||
|
Amount Secured: |
£17230.80 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE |
||
|
Details: |
ALL RIGHT TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE UNDER THE INSURANCES PARTICULARS OF WHICH ARE SET OUT ON THE PAPER APART TO FORM 395 PLEASE SEE FORM 395 M209C FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
01/09/92 |
|
|
|
Date Charge Registered: |
10/09/92 |
|
|
|
Date Charge Satisfied: |
08/04/95 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CREDIT LYONNAIS BANK NEDERLAND N.V. |
||
|
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: |
DEBENTURE |
||
|
Date Charge Created: |
14/11/91 |
|
|
|
Date Charge Registered: |
29/11/91 |
|
|
|
Date Charge Satisfied: |
18/08/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
STATE BANK OF SOUTH AUSTRALIA |
||
|
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 |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
TULA GROUP LTD |
GBP |
67,550 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Creditor Details
|
|
Total Number |
Total Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
Trade Debtors /
Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
Trade Debtors |
6 |
£12,965 |
|
Company Name |
Amount |
Statement Date |
|
£4,381 |
27/01/2011 |
|
|
£4,049 |
16/06/2010 |
|
|
£2,124 |
30/11/2010 |
|
|
£1,251 |
30/08/2012 |
|
|
£796 |
02/02/2012 |
|
|
£364 |
21/03/2013 |
|
Average Invoice Value |
£1866.33 |
|
Invoices available |
30 |
|
Paid |
30 |
|
Outstanding |
0 |
|
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 |
16 |
9 |
4 |
1 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
12 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
TULA GROUP LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
EXPONENT (TRULY) SPV 1 LIMITED |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
06366226 |
30.04.2013 |
Y |
£59,479,000 |
|
|
|
06366211 |
30.04.2012 |
N |
|
|
|
|
06366212 |
30.04.2013 |
N |
|
|
|
|
05709805 |
30.04.2013 |
N |
|
|
|
|
05707905 |
30.04.2013 |
N |
|
|
|
|
05707910 |
30.04.2013 |
N |
|
|
|
|
04433635 |
30.04.2013 |
N |
|
|
|
|
02573819 |
30.04.2013 |
N |
£34,096,541 |
|
|
|
02571454 |
30.04.2013 |
N |
|
|
|
|
00587561 |
30.04.2013 |
N |
|
|
|
|
02572572 |
30.04.2013 |
N |
£40,121,076 |
|
|
|
01293297 |
30.04.2013 |
N |
|
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
FINANCIAL
INFORMATION
Profit & Loss
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
Turnover |
£34,096,541 |
-17.3% |
£41,239,280 |
-8.5% |
£45,050,893 |
-5.3% |
£47,573,857 |
-3.5% |
£49,291,674 |
|
|
Export |
£3,334,145 |
-48.3% |
£6,443,531 |
127.1% |
£2,836,982 |
-5.3% |
£2,995,919 |
21.1% |
£2,473,217 |
|
|
Cost of Sales |
£24,246,143 |
-11.5% |
£27,386,744 |
-4.4% |
£28,651,524 |
2.5% |
£27,951,673 |
-1.9% |
£28,491,264 |
|
|
Gross Profit |
£9,850,398 |
-28.9% |
£13,852,536 |
-15.5% |
£16,399,369 |
-16.4% |
£19,622,184 |
-5.7% |
£20,800,410 |
|
|
Wages & Salaries |
£5,960,400 |
-9.7% |
£6,599,270 |
1.1% |
£6,527,241 |
8.4% |
£6,019,771 |
3.4% |
£5,823,047 |
|
|
Directors Emoluments |
£54,000 |
-92% |
£676,377 |
52.8% |
£442,658 |
-52.7% |
£936,782 |
16.5% |
£803,964 |
|
|
Operating Profit |
-£1,657,460 |
-233.8% |
-£496,576 |
-115.7% |
£3,163,132 |
-0.2% |
£3,170,441 |
-27.3% |
£4,360,920 |
|
|
Depreciation |
£461,859 |
13.3% |
£407,814 |
-12.8% |
£467,425 |
-3.3% |
£483,316 |
8% |
£447,352 |
|
|
Audit Fees |
£52,000 |
8.3% |
£48,000 |
12.9% |
£42,500 |
-2.3% |
£43,500 |
2.4% |
£42,500 |
|
|
Interest Payments |
£33,134 |
-29.8% |
£47,197 |
-19.7% |
£58,760 |
129% |
£25,657 |
80% |
£14,254 |
|
|
Pre Tax Profit |
-£1,690,594 |
-129.3% |
-£737,405 |
-123.7% |
£3,105,935 |
-2.8% |
£3,195,492 |
-28.3% |
£4,457,553 |
|
|
Taxation |
£280,887 |
114.3% |
£131,062 |
114.4% |
-£910,324 |
3.1% |
-£939,759 |
27.2% |
-£1,290,125 |
|
|
Profit After Tax |
-£1,409,707 |
-132.5% |
-£606,343 |
-127.6% |
£2,195,611 |
-2.7% |
£2,255,733 |
-28.8% |
£3,167,428 |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
-£1,409,707 |
-132.5% |
-£606,343 |
-127.6% |
£2,195,611 |
-2.7% |
£2,255,733 |
-28.8% |
£3,167,428 |
Balance
Sheet
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Tangible Assets |
£1,794,410 |
54% |
£1,165,282 |
-19.9% |
£1,455,046 |
-16% |
£1,731,763 |
-4.1% |
£1,806,007 |
|
|
Intangible Assets |
£150,162 |
-14.6% |
£175,743 |
-2.3% |
£179,803 |
-5.8% |
£190,897 |
21.1% |
£157,620 |
|
|
Total Fixed Assets |
£1,944,572 |
45% |
£1,341,025 |
-18% |
£1,634,849 |
-15% |
£1,922,660 |
-2.1% |
£1,963,627 |
|
|
Stock |
£6,887,200 |
5.3% |
£6,539,755 |
-26.8% |
£8,934,480 |
33.6% |
£6,685,930 |
-32.4% |
£9,887,410 |
|
|
Trade Debtors |
£1,244,065 |
-41.6% |
£2,129,367 |
-43.9% |
£3,793,583 |
-13.8% |
£4,401,611 |
-3% |
£4,535,552 |
|
|
Cash |
£1,135,090 |
-77.2% |
£4,978,251 |
4.8% |
£4,752,003 |
-55.2% |
£10,602,937 |
99.9% |
£5,302,797 |
|
|
Other Debtors |
£78,821,070 |
12.1% |
£70,289,360 |
3.1% |
£68,203,256 |
29.3% |
£52,731,265 |
15.9% |
£45,485,618 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£88,087,425 |
4.9% |
£83,936,733 |
-2% |
£85,683,322 |
15.1% |
£74,421,743 |
14.1% |
£65,211,377 |
|
|
Trade Creditors |
£2,430,350 |
93.3% |
£1,257,005 |
-49.3% |
£2,479,486 |
129.7% |
£1,079,356 |
-3% |
£1,112,618 |
|
|
Bank Loans & Overdrafts |
£471,415 |
25.7% |
£375,000 |
- |
£375,000 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£61,434,596 |
10.1% |
£55,782,558 |
0.2% |
£55,656,359 |
8.3% |
£51,402,023 |
17.5% |
£43,749,643 |
|
|
Miscellaneous Current Liabilities |
£8,433,018 |
-3.5% |
£8,738,250 |
-0.8% |
£8,806,669 |
24.1% |
£7,094,932 |
-9.4% |
£7,827,077 |
|
|
Total Current Liabilities |
£72,769,379 |
10% |
£66,152,813 |
-1.7% |
£67,317,514 |
13% |
£59,576,311 |
13.1% |
£52,689,338 |
|
|
Bank Loans & Overdrafts and LTL |
£1,651,675 |
-17.7% |
£2,007,880 |
-11.8% |
£2,277,249 |
161.2% |
£871,835 |
2.7% |
£848,516 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£848,516 |
|
|
Total Long Term Liabilities |
£1,180,260 |
-27.7% |
£1,632,880 |
-14.2% |
£1,902,249 |
118.2% |
£871,835 |
2.7% |
£848,516 |
Capital
& Reserves
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Called Up Share Capital |
£67,550 |
- |
£67,550 |
- |
£67,550 |
- |
£67,550 |
- |
£67,550 |
|
|
P & L Account Reserve |
£15,820,358 |
-8.2% |
£17,230,065 |
-3.4% |
£17,836,408 |
14.1% |
£15,634,257 |
16.9% |
£13,375,150 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
£194,450 |
- |
£194,450 |
- |
£194,450 |
- |
£194,450 |
- |
£194,450 |
|
|
Shareholder Funds |
£16,082,358 |
-8.1% |
£17,492,065 |
-3.4% |
£18,098,408 |
13.9% |
£15,896,257 |
16.6% |
£13,637,150 |
Other
Financial Items
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Net Worth |
£15,932,196 |
-8% |
£17,316,322 |
-3.4% |
£17,918,605 |
14.1% |
£15,705,360 |
16.5% |
£13,479,530 |
|
|
Working Capital |
£15,318,046 |
-13.9% |
£17,783,920 |
-3.2% |
£18,365,808 |
23.7% |
£14,845,432 |
18.6% |
£12,522,039 |
|
|
Total Assets |
£90,031,997 |
5.6% |
£85,277,758 |
-2.3% |
£87,318,171 |
14.4% |
£76,344,403 |
13.7% |
£67,175,004 |
|
|
Total Liabilities |
£73,949,639 |
9.1% |
£67,785,693 |
-2.1% |
£69,219,763 |
14.5% |
£60,448,146 |
12.9% |
£53,537,854 |
|
|
Net Assets |
£16,082,358 |
-8.1% |
£17,492,065 |
-3.4% |
£18,098,408 |
13.9% |
£15,896,257 |
16.6% |
£13,637,150 |
Miscellaneous
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
Capital Employed |
£17,262,618 |
-9.7% |
£19,124,945 |
-4.4% |
£20,000,657 |
19.3% |
£16,768,092 |
15.8% |
£14,485,666 |
|
|
Number of Employees |
191 |
15.1% |
166 |
-6.7% |
178 |
14.8% |
155 |
3.3% |
150 |
|
|
Auditors |
ERNST & YOUNG LLP |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
|
Bankers |
LLOYDS TSB BANK PLC |
||||||||
|
|
Bank Branch Code |
30-00-02 |
||||||||
Ratios
|
|
Date Of Accounts |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
30/04/09 |
|
|
Pre-tax profit margin % |
-4.96 |
-1.79 |
6.89 |
6.72 |
9.04 |
|
|
Current ratio |
1.21 |
1.27 |
1.27 |
1.25 |
1.24 |
|
|
Sales/Net Working Capital |
2.23 |
2.32 |
2.45 |
3.20 |
3.94 |
|
|
Gearing % |
10.30 |
11.50 |
12.60 |
5.50 |
6.20 |
|
|
Equity in % |
17.90 |
20.60 |
20.80 |
20.90 |
20.30 |
|
|
Creditor Days |
25.94 |
11.09 |
20.03 |
8.25 |
8.21 |
|
|
Debtor Days |
13.28 |
18.79 |
30.65 |
33.67 |
33.49 |
|
|
Liquidity/Acid Test |
1.11 |
1.16 |
1.14 |
1.13 |
1.05 |
|
|
Return On Capital Employed % |
-9.79 |
-3.85 |
15.52 |
19.05 |
30.77 |
|
|
Return On Total Assets Employed % |
-1.87 |
-0.86 |
3.55 |
4.18 |
6.63 |
|
|
Current Debt Ratio |
4.52 |
3.78 |
3.71 |
3.74 |
3.86 |
|
|
Total Debt Ratio |
4.59 |
3.87 |
3.82 |
3.80 |
3.92 |
|
|
Stock Turnover Ratio % |
20.19 |
15.85 |
19.83 |
14.05 |
20.05 |
|
|
Return on Net Assets Employed % |
-10.51 |
-4.21 |
17.16 |
20.10 |
32.68 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from not rated to 97 which indicates very good creditworthiness. |
|
|
Sales in the latest trading period decreased 17.3% on the previous trading period. |
|
|
Net Worth decreased by 8% during the latest trading period. |
|
|
A 5.6% growth in Total Assets occurred during the latest trading period. |
|
|
Pre-tax profits decreased by 129.3% compared to the previous trading period. |
|
|
The company saw a decrease in their Cash Balance of 77.2% 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 23 years ago. |
|
Status History
|
No Status History found |
Event
History
|
Date |
Description |
|
22/05/2014 |
New Accounts Filed |
|
22/05/2014 |
New Accounts Filed |
|
10/02/2014 |
Annual Returns |
|
05/02/2014 |
New Board Member Mrs N. Halliday appointed |
|
05/02/2014 |
New Board Member Mr X.M. Simonet appointed |
|
05/02/2014 |
New Board Member Mrs J.M. Worden appointed |
|
05/12/2013 |
Mr P.B. Allen has left the board |
|
29/10/2013 |
Mr P. Donoghue has left the board |
|
07/06/2013 |
New Board Member Mr O.B. Bower appointed |
|
07/06/2013 |
New Board Member Mr R.L. Tudor appointed |
|
06/06/2013 |
New Board Member Mr N.J. Vance appointed |
|
06/06/2013 |
New Board Member Mrs L.J. Harder appointed |
|
06/06/2013 |
New Board Member Mr P. Donoghue appointed |
|
06/06/2013 |
New Board Member Mr P.H. Lenon appointed |
|
06/02/2013 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
05/07/2006 |
THE TULA GROUP OF COMPANIES LIMITED |
|
27/01/2003 |
THE TULA GROUP OF COMPANIES PLC |
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.68 |
|
Euro |
1 |
Rs.80.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.