MIRA INFORM REPORT
|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAWSONRENTALS LIMITED |
|
|
|
|
Formerly Known As : |
DAWSONRENTALS TRUCK AND TRAILER HIRE LIMITED |
|
|
|
|
Registered Office : |
Delaware Drive, Tongwell, Milton
Keynes, Mk15 8jh |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.05.1948 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-trading company |
|
|
|
|
No. of Employees |
3 |
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 |
|
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 |
REGISTERED
NAME & COMPANY SUMMARY
|
Company
Name |
DAWSONRENTALS LIMITED |
Company
Number |
00453519 |
|
Registered
Address |
DELAWARE DRIVE |
Trading
Address |
Delaware
Drive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Website
Address |
|
|
|
|
Telephone
Number |
- |
|
|
|
TPS |
- |
|
|
|
Incorporation
Date |
03/05/1948 |
Company
Status |
Company not trading |
|
Previous
Name |
DAWSONRENTALS TRUCK AND TRAILER HIRE LIMITED |
Type |
Private limited with Share Capital |
|
Date
of Change |
05/10/1990 |
Filing
Date of Accounts |
09/09/2013 |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
17 |
Current Directors
|
Name |
Date
of Birth |
19/12/1947 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
33 |
Function |
Director |
|
Appointment
Date |
24/10/1991 |
|
|
|
Address |
Delaware Drive, Tongwell, Milton Keynes, Bucks, MK15 8JH |
||
|
Name |
Date
of Birth |
04/04/1965 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
22 |
Function |
Director |
|
Appointment
Date |
01/08/2013 |
|
|
|
Address |
Delaware Drive, Tongwell, Milton Keynes, Bucks, MK15 8JH |
||
|
Name |
Date
of Birth |
29/03/1973 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
29 |
Function |
Director |
|
Appointment
Date |
01/01/2006 |
|
|
|
Address |
Delaware Drive, Tongwell, Milton Keynes, Bucks, MK15 8JH |
||
|
Name |
Date
of Birth |
19/09/1938 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
7 |
Function |
Director |
|
Appointment
Date |
14/03/2000 |
|
|
|
Address |
Delaware Drive, Tongwell, Milton Keynes, Bucks, MK15 8JH |
||
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
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
48 |
SHARE
& SHARE CAPITAL INFORMATION
|
Share
Capital |
£28,859,194 |
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
DAWSON GROUP PLC |
GBP |
28,859,194 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Payment Information Summary
|
Days
Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be
the first to leave a payment experience
|
|
Trade Debtors / Bad Debt Summary
|
Total
Number of Documented Trade Debtors / Bad Debt - |
22 |
|
Total
Value of Documented Trade Debtors / Bad Debt - |
£332,211 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group
|
25 companies |
|
Linkages
|
|
|
Countries
|
Summary
|
Holding
Company |
DAWSONGROUP PLC |
|
Ownership
Status |
Wholly Owned |
|
Ultimate
Holding Company |
DAWSONGROUP PLC |
Group structure
|
Company
Name |
|
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Rating |
Limit |
Turnover |
|
|
01902154 |
31.12.2012 |
Y |
97 |
£1,200,000 |
£148,556,000 |
|
|
|
05698384 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
01455385 |
31.12.2012 |
N |
96 |
£100,000 |
£875,000 |
|
|
|
02682586 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
03050609 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
IE309816 |
31.12.2012 |
N |
96 |
€235,000 |
€1,793,000 |
|
|
|
05115172 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
05881107 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
08264571 |
- |
N |
N/R |
- |
|
|
|
|
08599758 |
- |
N |
68 |
£1,000 |
|
|
|
|
02822453 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
00323424 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
00453519 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
01615021 |
31.12.2012 |
N |
96 |
£135,000 |
£16,797,000 |
|
|
|
01711573 |
31.12.2012 |
N |
96 |
£100,000 |
£1,249,000 |
|
|
|
02131494 |
31.12.2012 |
N |
93 |
£100,000 |
£519,000 |
|
|
|
02168463 |
31.12.2012 |
N |
95 |
£25,000 |
£553,520 |
|
|
|
02434773 |
31.12.2012 |
N |
96 |
£100,000 |
£24,346,000 |
|
|
|
02652091 |
31.12.2012 |
N |
96 |
£100,000 |
£12,303,000 |
|
|
|
01726987 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
03080279 |
31.12.2012 |
N |
96 |
£580,000 |
£72,150,000 |
|
|
|
03345518 |
31.12.2012 |
N |
97 |
£240,000 |
£1,256,000 |
|
|
|
03822828 |
31.12.2012 |
N |
88 |
£5,000 |
£465,005 |
|
|
|
06405545 |
31.12.2012 |
N |
N/R |
- |
|
|
|
|
07417634 |
31.12.2012 |
N |
96 |
£100,000 |
£8,060,000 |
FINANCIAL
INFORMATION
Key Financials
|
Year
to Date |
Turnover |
Pre
Tax Profit |
Shareholder
Funds |
Employees |
|
31/12/2012 |
- |
£2,128,000 |
£33,914,000 |
3 |
|
31/12/2011 |
- |
£1,865,000 |
£33,914,000 |
- |
|
31/12/2010 |
- |
£12,290,000 |
£34,339,000 |
- |
Profit & Loss
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
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 |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
£2,128,000 |
|
£1,865,000 |
|
£12,290,000 |
|
£1,151,000 |
|
£8,000,000 |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
£2,128,000 |
|
£1,865,000 |
|
£12,290,000 |
|
£1,151,000 |
|
£8,000,000 |
|
|
Dividends Payable |
£2,128,000 |
|
£2,290,000 |
|
£12,400,000 |
|
£4,200,000 |
|
£8,000,000 |
|
|
Retained Profit |
- |
|
-£425,000 |
|
-£110,000 |
|
-£3,049,000 |
|
- |
Balance Sheet
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
Tangible Assets |
£71,413,000 |
|
£71,413,000 |
|
£71,838,000 |
|
£71,948,000 |
|
£74,997,000 |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Fixed Assets |
£71,413,000 |
|
£71,413,000 |
|
£71,838,000 |
|
£71,948,000 |
|
£74,997,000 |
|
|
Stock |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Trade Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Cash |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Debtors |
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Assets |
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
£2,601,000 |
|
|
Trade Creditors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Short Term Finance |
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Liabilities |
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Long Term Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
Capital & Reserves
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
Called Up Share Capital |
£28,859,000 |
|
£28,859,000 |
|
£28,859,000 |
|
£28,859,000 |
|
£28,859,000 |
|
|
P & L Account Reserve |
£5,047,000 |
|
£5,047,000 |
|
£5,472,000 |
|
£5,582,000 |
|
£8,631,000 |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
£8,000 |
|
£8,000 |
|
£8,000 |
|
£8,000 |
|
£8,000 |
|
|
Shareholder Funds |
£33,914,000 |
|
£33,914,000 |
|
£34,339,000 |
|
£34,449,000 |
|
£37,498,000 |
Other Financial Items
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
Net Worth |
£33,914,000 |
|
£33,914,000 |
|
£34,339,000 |
|
£34,449,000 |
|
£37,498,000 |
|
|
Working Capital |
-£37,499,000 |
|
-£37,499,000 |
|
-£37,499,000 |
|
-£37,499,000 |
|
-£37,499,000 |
|
|
Total Assets |
£74,014,000 |
|
£74,014,000 |
|
£74,439,000 |
|
£74,549,000 |
|
£77,598,000 |
|
|
Total Liabilities |
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
£40,100,000 |
|
|
Net Assets |
£33,914,000 |
|
£33,914,000 |
|
£34,339,000 |
|
£34,449,000 |
|
£37,498,000 |
Cash Flow
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
Net Cashflow from Operations |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
- |
|
- |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
NO |
|
|
Capital Employed |
£33,914,000 |
|
£33,914,000 |
|
£34,339,000 |
|
£34,449,000 |
|
£37,498,000 |
Ratios
|
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
45.80 |
45.80 |
46.10 |
46.20 |
48.30 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
|
|
Return On Capital Employed % |
6.27 |
5.49 |
35.79 |
3.34 |
21.33 |
|
|
Return On Total Assets Employed % |
2.87 |
2.51 |
16.51 |
1.54 |
10.30 |
|
|
Current Debt Ratio |
1.18 |
1.18 |
1.16 |
1.16 |
1.06 |
|
|
Total Debt Ratio |
1.18 |
1.18 |
1.16 |
1.16 |
1.06 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
6.27 |
5.49 |
35.79 |
3.34 |
|
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
SIC03
|
7499 |
|
SIC03
Description |
Non-trading company |
|
SIC07
|
74990 |
|
SIC07
Description |
NON-TRADING COMPANY |
|
Principal
Activity |
A holding company. |
Current Company Secretary
|
Name |
Date
of Birth |
- |
|
|
Officers
Title |
Mrs |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company Secretary |
|
Appointment
Date |
01/04/2014 |
|
|
|
Address |
Delaware Drive, Tongwell, Milton Keynes, Bucks, MK15 8JH |
||
|
|
Number of Employees |
3 |
|
- |
|
- |
|
- |
|
3 |
|
|
Auditors |
MAZARS LLP |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
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|
|
Bankers |
BARCLAYS BANK PLC |
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|
|
Bank Branch Code |
20-57-40 |
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Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
07/04/2014 |
Mr A. Coleman has resigned as company secretary |
|
|
07/04/2014 |
New Company Secretary Mrs L.A. Kent appointed |
|
|
29/10/2013 |
Annual Returns |
|
|
20/09/2013 |
New Accounts Filed |
|
|
15/08/2013 |
New Board Member Mr S.J. Miller appointed |
|
|
29/10/2012 |
Annual Returns |
|
|
12/09/2012 |
New Accounts Filed |
|
|
12/09/2012 |
New Accounts Filed |
|
|
12/11/2011 |
Annual Returns |
|
|
12/09/2011 |
New Accounts Filed |
|
|
12/11/2010 |
Annual Returns |
|
|
25/09/2010 |
New Accounts Filed |
|
|
24/12/2009 |
Annual Returns |
|
|
13/11/2009 |
Annual Returns |
|
|
28/09/2009 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous
Name |
Companies
House Documents |
|
05/10/1990 |
DAWSONRENTALS TRUCK AND TRAILER HIRE LIMITED |
|
|
11/03/1987 |
DAWSONRENTALS (TRUCK HIRE) LIMITED |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.03 |
|
|
1 |
Rs.101.96 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.