MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
YATES INTERNATIONAL LIMITED |
|
|
|
|
Formerly Known As : |
LAKES PROPERTIES NORTH WEST LIMITED |
|
|
|
|
Registered Office : |
The Copper Room Deva Centre Trinity Way M3 7BG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
25.10.1999 |
|
|
|
|
Com. Reg. No.: |
03865021 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Service activities [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees |
Not Available |
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 : |
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 |
|
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: |
YATES INTERNATIONAL
LIMITED |
|
Company Number: |
03865021 |
|
Registered Address |
THE COPPER ROOM |
Trading Address |
The Copper Room |
|
|
DEVA CENTRE |
|
Deva Centre |
|
|
TRINITY WAY |
|
Trinity Way |
|
|
M3 7BG |
|
Manchester, Gt. Manchester |
|
|
|
|
M3 7BG |
|
FPS |
No |
|
|
|
Incorporate Date |
25/10/1999 |
Type |
Private limited with Share Capital |
|
Previous Name |
LAKES PROPERTIES NORTH WEST LIMITED |
FTSE Index |
- |
|
Date of Change |
30/05/2000 |
Filing Date of
Accounts |
14/11/2013 |
|
Currency |
GBP |
Share Capital |
£200 |
|
SIC07 |
96090 |
Charity Number |
- |
|
SIC07 Description |
OTHER SERVICE ACTIVITIES N.E.C. |
||
|
Principal Activity |
Service activities. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
20/09/1941 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
25/10/1999 |
|
|
|
Address |
The Old Vicarage 32 St Martins Road, Marple, Stockport, Cheshire, SK6 7BY |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
08/04/1945 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
25/10/1999 |
|
|
|
Address |
The Old Vicarage 32 St Martins Road, Marple, Stockport, Cheshire, SK6 7BY |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
23/12/1973 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/08/2006 |
|
|
|
Address |
Chalfont 44 Ley Lane, Marple Bridge, Cheshire, SK6 5DD |
||
|
Other Actions |
|
||
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 |
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
C.M. YATES |
GBP |
100 |
ORDINARY B |
1 |
50 |
|
MRS B.E. YATES |
GBP |
50 |
ORDINARY A |
1 |
25 |
|
M.B. YATES |
GBP |
50 |
ORDINARY A |
1 |
25 |
PAYMENT
INFORMATION
|
Mortgage Summary |
|
|
Total Mortgage |
|
|
Outstanding |
3 |
|
Satisfied |
|
Trade Debtors/Bad Debt Summary
|
Total Number of Documented Trade |
0 |
|
Total Value of Documented Trade |
£0 |
Trade Payment Information
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.
Enquiries Trend
|
There have been 6 enquiries in the last 12 months. |
|
There are an average of 1 reports taken each month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
1 |
2 |
6 |
Mortgage
Details
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
22/07/10 |
|
|
|
Date Charge Registered: |
27/07/10 |
|
|
|
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: |
ALL AMOUNTS NOW AND IN THE FUTURE CREDITED TO A/NO 10141002 WITH THE BANK |
||
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
08/07/10 |
|
|
|
Date Charge Registered: |
13/07/10 |
|
|
|
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: |
THE DEPOSIT OF £16,407 AND ALL AMOUNTS IN THE FUTURE CREDITED TO ACCOUNT NUMBER10141002 WITH THE BANK |
||
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
20/07/09 |
|
|
|
Date Charge Registered: |
22/07/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNT DESIGNATION 10141002 WITH THE BANK AND ANY DEPOSIT OR ACCOUNT OFANY OTHER DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCHDEPOSITS OR ACCOUNT SEE IMAGE FOR FULLDETAILS |
||
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
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 |
|
|
|
|
|
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
|
No group structure |
FINANCIAL
INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employee |
|
31/03/2013 |
- |
- |
£184,326 |
- |
|
31/03/2012 |
- |
- |
£127,351 |
- |
|
31/03/2011 |
- |
- |
£99,857 |
- |
Profit
& Loss
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
£2,096 |
-8.1% |
£2,281 |
38% |
£1,653 |
-12.4% |
£1,887 |
-0.8% |
£1,903 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance
Sheet
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
|
Tangible Assets |
£6,534 |
-23.6% |
£8,550 |
-21.1% |
£10,831 |
214% |
£3,449 |
47.6% |
£2,336 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£6,534 |
-23.6% |
£8,550 |
-21.1% |
£10,831 |
214% |
£3,449 |
47.6% |
£2,336 |
|
|
Stock |
£78,353 |
3.1% |
£75,998 |
-17.6% |
£92,267 |
110.3% |
£43,875 |
17% |
£37,507 |
|
|
Trade Debtors |
£149,839 |
-10.1% |
£166,659 |
11.6% |
£149,303 |
-19.5% |
£185,578 |
161.6% |
£70,946 |
|
|
Cash |
£166,580 |
-1.4% |
£168,942 |
20% |
£140,766 |
508.1% |
£23,148 |
-41.9% |
£39,868 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£394,772 |
-4.1% |
£411,599 |
7.7% |
£382,336 |
51.4% |
£252,601 |
70.3% |
£148,321 |
|
|
Trade Creditors |
£216,980 |
-25.9% |
£292,716 |
-0.2% |
£293,173 |
52.4% |
£192,347 |
78.5% |
£107,749 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Liabilities |
£216,980 |
-25.9% |
£292,716 |
-0.2% |
£293,173 |
52.4% |
£192,347 |
78.5% |
£107,749 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
-100% |
£82 |
-40.1% |
£137 |
- |
0 |
- |
0 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
-100% |
£82 |
-40.1% |
£137 |
- |
0 |
- |
0 |
Capital
& Reserves
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
|
Called Up Share Capital |
£200 |
- |
£200 |
- |
£200 |
- |
£200 |
100% |
£100 |
|
|
P & L Account Reserve |
£184,126 |
44.8% |
£127,151 |
27.6% |
£99,657 |
56.9% |
£63,503 |
48.3% |
£42,808 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£184,326 |
44.7% |
£127,351 |
27.5% |
£99,857 |
56.8% |
£63,703 |
48.5% |
£42,908 |
Other
Financial Items
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
|
Net Worth |
£184,326 |
44.7% |
£127,351 |
27.5% |
£99,857 |
56.8% |
£63,703 |
48.5% |
£42,908 |
|
|
Working Capital |
£177,792 |
49.6% |
£118,883 |
33.3% |
£89,163 |
48% |
£60,254 |
48.5% |
£40,572 |
|
|
Total Assets |
£401,306 |
-4.5% |
£420,149 |
6.9% |
£393,167 |
53.6% |
£256,050 |
70% |
£150,657 |
|
|
Total Liabilities |
£216,980 |
-25.9% |
£292,798 |
-0.2% |
£293,310 |
52.5% |
£192,347 |
78.5% |
£107,749 |
|
|
Net Assets |
£184,326 |
44.7% |
£127,351 |
27.5% |
£99,857 |
56.8% |
£63,703 |
48.5% |
£42,908 |
Miscellaneous
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
£184,326 |
44.6% |
£127,433 |
27.4% |
£99,994 |
57% |
£63,703 |
48.5% |
£42,908 |
Ratios
|
|
Date Of Accounts |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
31/03/09 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
1.82 |
1.41 |
1.30 |
1.31 |
1.38 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0.10 |
0.10 |
0 |
0 |
|
|
Equity in % |
45.90 |
30.30 |
25.40 |
24.90 |
28.50 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
1.45 |
1.14 |
0.98 |
1.08 |
1.02 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
1.17 |
2.29 |
2.93 |
3.01 |
2.51 |
|
|
Total Debt Ratio |
1.17 |
2.29 |
2.93 |
3.01 |
2.51 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Current Company Secretary
|
Name |
Date of Birth |
08/04/1945 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Company Secretary |
|
Appointment Date |
25/10/1999 |
|
|
|
Address |
The Old Vicarage 32 St Martins Road, Marple, Stockport, Cheshire, SK6 7BY |
||
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
||||||||
|
|
Bank Branch Code |
|
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
20/11/2013 |
New Accounts Filed |
|
13/11/2013 |
Annual Returns |
|
17/11/2012 |
Annual Returns |
|
20/08/2012 |
New Accounts Filed |
|
12/11/2011 |
Annual Returns |
|
08/10/2011 |
New Accounts Filed |
|
08/10/2011 |
New Accounts Filed |
|
16/11/2010 |
Annual Returns |
|
08/10/2010 |
New Accounts Filed |
|
23/12/2009 |
Annual Returns |
|
09/11/2009 |
Annual Returns |
|
24/07/2009 |
New Accounts Filed |
|
19/11/2008 |
Annual Returns |
|
12/08/2008 |
New Accounts Filed |
|
17/08/2007 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
30/05/2000 |
LAKES PROPERTIES NORTH WEST LIMITED |
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
1697 |
53451 |
|
|
1799 |
53393 |
NOTES
& COMMENTS
|
No exact match CCJs are recorded against the company. |
|
|
There is insufficient data to indicate a change in this company's percentage of sales. |
|
|
Net Worth increased by 44.7% during the latest trading period. |
|
|
A 4.5% decline in Total Assets occurred during the latest trading period. |
|
|
There is insufficient data to indicate a change in this company's pre-tax profit. |
|
|
The company saw a decrease in their Cash Balance of 1.4% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends. |
|
|
The company was established over 14 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.