MIRA INFORM REPORT

 

 

Report Date :

06.11.2014

 

IDENTIFICATION DETAILS

 

Name :

HOLIDAYBREAK LIMITED

 

 

Formerly Known As :

EUROCAMP PLC

 

 

Registered Office :

Hartford Manor, Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

14.10.1988

 

 

Legal Form :

Private limited with share capital

 

 

Line of Business :

Subject is engaged in the worldwide educational and activity tips, hotels short-breaks in the UK and continental Europe, worldwide adventure and activity holidays and mobile-home and camping holidays on sits throughout continental Europe

 

 

No. of Employees :

3,682

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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

 

HOLIDAYBREAK LIMITED

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Navneet Bali

Date of Birth

09/01/1956

Officers Title

Mr

Nationality

British

Present Appointments

28

Function

Director

Appointment Date

17/05/2012

 

 

Address

Hartford Manor Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

Name

Pesi Savak Patel

Date of Birth

31/03/1952

Officers Title

Mr

Nationality

Indian

Present Appointments

6

Function

Director

Appointment Date

14/11/2011

 

 

Address

Hartford Manor, Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

Name

Ajit Menon

Date of Birth

25/03/1957

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

 

 

Address

Hartford Manor, Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

Name

Ajay Ajit Peter Kerkar

Date of Birth

19/06/1963

Officers Title

Mr

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

 

 

Address

Hartford Manor, Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

Name

Urrshila Kerkar

Date of Birth

04/05/1958

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

 

 

Address

Hartford Manor, Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

Current Company Secretary

Name

Alexandra Dilys Williamson

Date of Birth

19/11/1970

Officers Title

Mrs

Nationality

British

Present Appointments

31

Function

Company Secretary

Appointment Date

14/09/2004

 

 

Address

Hartford Manor Greenbank Lane, Northwich, Cheshire, CW8 1HW

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Leslie Stewart Allan

0

14

Christopher Berkeley Stephens

2

14

Travers Vincent Cox

5

7

Gilbert Williamson Thompson

5

15

James Brett Greenbury

7

22

James Robert Crew

0

14

Hugh Angus Crichton-Miller

4

41

Steven Whitfield

6

5

Matthew James Cheetham

21

18

Mark Christopher Wray

2

13

Timothy William May

39

21

Robert Gregory Baddeley

5

172

Robert Gregory Baddeley

5

172

Peter John Folkman

11

31

Thomas Neville

1

11

Martin Lowther Kinsey

4

5

Gordon Cosworth Haran

0

1

Robert John Ayling

2

29

John Coleman

3

37

Julian Stephen Rawel

3

10

Clive Holt McLintock

1

9

Simon John Tobin

1

8

Sally Joanne Martin

0

5

Julie Alison Vickers

0

24

Martin William Oliver Davies

3

31

Gordon Harman

1

28

Carl Heinrich Michel

5

39

Richard Westaway Atkinson

4

40

James Archibald Simpson Wallace

2

4

John Coleman

0

1

Heinrich Ludger Heuberg

0

1

Martin Neal Leppard

14

34

Nicholas Pury Cust

8

6

Neil Irvine Bright

80

66

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage              21

Outstanding                  3

Satisfied                       18

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade       0

Total Value of Documented Trade          £0

 

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

 

Mortgage Details

Mortgage Type:

 

Date Charge Created:

04/09/14

 

 

Date Charge Registered:

15/09/14

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

 

Details:

FREEHOLD PROPERTY KNOWN AS LAND AND BUILDINGS HARTFORD MANOR HARTFORD NORTHWICHTITLE NUMBER CH424893LEASEHOLD PROPERTYKNOWN AS EBORACUM WAY HEWORTH GREEN YORK TITLE NUMBER NYK352325 FOR MORE DETAILS PLEASE REFER TO THE INSTRUMENTCONTAINSFIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

 

Date Charge Created:

04/09/14

 

 

Date Charge Registered:

15/09/14

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

 

Mortgage Type:

ENGLISH LAW SECURITY AGREEMENT

Date Charge Created:

29/06/12

 

 

Date Charge Registered:

13/07/12

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

 

Details:

FIXED AND FLOATING CHARGE OVER ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

SECURITY AGREEMENT

Date Charge Created:

09/05/08

 

 

Date Charge Registered:

16/05/08

 

 

Date Charge Satisfied:

03/07/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC AS AGENT AND TRUSTEE FOR THE FINANCE PARTIES

Amount Secured:

 

Details:

HARTFORD MANOR HARTFORD NORTHWICH T/NO CH424893 FIXED AND FLOATING CHARGES OVERTHE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT AND MACHINERY SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

DEED OF PLEDGE OF SHARES

Date Charge Created:

23/02/05

 

 

Date Charge Registered:

10/03/05

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC (THE FACILITY AGENT)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHARGEE IN ITS CAPACITY ASA FINANCE PARTY ONANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATINGOR EVIDENCING THE CHARGE

Details:

THE SECURITY PROVIDER AGREES TO PLEDGE AND PLEDGES AS DISCLOSED RIGHT OF PLEDGETO THE FACILITY AGENTALL OF ITS SHARESAND SHARE RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEED OF PLEDGE OF SHARES

Date Charge Created:

23/02/05

 

 

Date Charge Registered:

10/03/05

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC (THE FACILITY AGENT)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHARGEE IN ITS CAPACITY ASA FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATINGOR EVIDENCING THE CHARGE

Details:

THE SECURITY PROVIDER AGREES TO PLEDGE AND PLEDGES AS DISCLOSED RIGHT OF PLEDGETO THE FACILITY AGENTALL OF ITS SHARESAND SHARE RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEED OF PLEDGE OF SHARES

Date Charge Created:

26/01/05

 

 

Date Charge Registered:

11/02/05

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

ALL OF ITS SHARES AND SHARE RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEED OF PLEDGE OF SHARES EXECUTED OUTSIDE THE UNITED KINGDOM OVER PROPERTY SITUATED THERE

Date Charge Created:

23/12/04

 

 

Date Charge Registered:

20/01/05

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

ALL OF ITS SHARES AND SHARE RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEPOSIT AGREEMENT AND CHARGE ON CASH DEPOSIT

Date Charge Created:

28/09/02

 

 

Date Charge Registered:

03/10/02

 

 

Date Charge Satisfied:

16/05/03

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

ABN AMRO BANK N.V., LONDON BRANCH

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE SUM OF £1.00 DEPOSITED BY THE DEPOSITOR IN THE DEPOSITOR\S DEPOSIT ACCOUNT.ACCOUNT NUMBER 350 000.08.00.10.032 GBP(TOGETHER WITH ACCOUNT NUMBER 350 000.08.00.10.040 EUR) AND ALL OTHER SUMS FROMTIME TO TIME STANDING TO THE CREDIT OF THE DEPOSITOR ON ONE OR BOTH OF THE ACCOUNTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE

Date Charge Created:

01/08/00

 

 

Date Charge Registered:

16/08/00

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL OBLIGATIONS AND LIABILITIES OF EACHCHARGING COMPANY (AS DEFINED) TO THE CHARGEE AND THE SECURITYBENEFICIARIES (ORANY OF THEM) UNDER THE BANKING DOCUMENTS TO WHICH SUCH CHARGING COMPANY IS A PARTY

Details:

THE PROPERTY AT HARTFORD MANOR HARTFORDNORTHWICH - CH424893 FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITALBUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE

Date Charge Created:

01/08/00

 

 

Date Charge Registered:

16/08/00

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL OBLIGATIONS AND LIABILITIES OF EACHCHARGING COMPANY (AS DEFINED) TO THE CHARGEE AND THE SECURITYBENEFICIARIES (ORANY OF THEM) UNDER THE BANKING DOCUMENTS TO WHICH SUCH CHARGING COMPANY IS A PARTY

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:

LEGAL CHARGE

Date Charge Created:

01/08/00

 

 

Date Charge Registered:

09/08/00

 

 

Date Charge Satisfied:

26/06/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC IN ITS CAPACITY AS SECURITY TRUSTEE

Amount Secured:

ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES OF EACH CHARGING COMPANY TO THE SECURITY BENEFICIARIES (OR ANY OF THEM) UNDER THE BANKING DOCUMENTS TO WHICHSUCH CHARGING COMPANY IS A PARTY (ALL TERMS AS DEFINED) ALL REASONABLE COSTS CHARGES AND EXPENSES PROPERLY INCURRED BY THE SECURITY BENEFICIARIES (OR ANY OF THEM) IN CONNECTION WITH THE PREPARATION AND NEGOTIATION OF THE BANKING DOCUMENTS

Details:

FIXED CHARGE THE F/H PROPERTY K/A HARTFORD MANOR,HARTFORD,NORTHWICH.T/NO.CH424893

 

Mortgage Type:

SHARES MORTGAGE

Date Charge Created:

22/02/00

 

 

Date Charge Registered:

29/02/00

 

 

Date Charge Satisfied:

19/09/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR IN RESPECT OF THE BANKINGDOCUMENTS (AS DEFINED)

Details:

22,500 ORDINARY SHARES IN EXPLORE WORLDWIDE LIMITED & 5,500 ORDINARY SHARES IN GALAXY MARKETING & INVESTMENT CORPORATION LIMITED AND ALL DIVIDENDS AND OTHER MONIES PAID OR PAYABLE DURING THE SECURITYPERIOD SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

CHARGE OVER SHARES

Date Charge Created:

09/07/98

 

 

Date Charge Registered:

17/07/98

 

 

Date Charge Satisfied:

11/11/98

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO THE FACILITY AGREEMENTS, THE FACILITY DOCUMENTS OR OTHERWISE (ALL AS DEFINED IN THE CHARGE) OR IN ANY OTHER MANNERWHATSOEVER (THE "SECURED LIABILITIES")

Details:

FIRST FIXED CHARGE THE SHARES TOGETHER WITH ALL PRESENT AND FUTURE RIGHTS MONIES BENEFITS AND OTHERPROPERTY WHICH MAY AT ANY TIIME ACCRUE OR BE OFFERED OR ARISE BY WAY OF CONVERSION REDEMPTION BONUSPREFERENCE OPTION OR OTHERWISE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL CHARGE SUPPLEMENTAL TO THE PRINCIPAL DEED DATED 3RD FEBRUARY 1995

Date Charge Created:

10/03/98

 

 

Date Charge Registered:

23/03/98

 

 

Date Charge Satisfied:

19/09/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE PRINCIPAL DEED

Details:

HARTFORD MANOR NORTHWICH (F/H) TOGETHERWITH ALL BUILDINGS AND FIXTURES (INC. TRADE AND TENANTS FIXTURES) THEREON FIXEDCHARGE ALL PLANT MACHINERY AND OTHER CHATTELS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULLDETAILS

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE

Date Charge Created:

03/02/95

 

 

Date Charge Registered:

15/02/95

 

 

Date Charge Satisfied:

19/09/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OTHER COMPANIES NAMED THEREIN TOTHE CHARGEE UNDER THE TERMS OF THE FACILITY AGREEMENTS, THEFACILITY DOCUMENTS OR OTHERWISE (AS DEFINED IN THE DEED)

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:

12/07/93

 

 

Date Charge Registered:

23/07/93

 

 

Date Charge Satisfied:

19/09/00

 

 

Status:

SATISFIED

 

 

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:

BY WAY OF LEGAL MORTGAGE L/H PROPERTY K/A CANUTE COURT TOFT ROAD KNUTSFORD CHESHIRE AND L/H PROPERTYK/A UNIT 9 MIDDLEWICH BUSINESS & INDUSTRIAL PARK MIDDLEWICH AND THE PROCEEDS OF SALE THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOFFIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDINGGOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

16/09/92

 

 

Date Charge Registered:

25/09/92

 

 

Date Charge Satisfied:

25/07/95

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

CANUTE COURT, TOFT ROAD, KNUTSFORD, CHESHIRE T/NO. CH 291522

 

Mortgage Type:

GUARANTEE AND DEBENTURE

Date Charge Created:

02/08/91

 

 

Date Charge Registered:

22/08/91

 

 

Date Charge Satisfied:

25/07/95

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS 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:

(SEE FORM 395 REF M381C FOR FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

02/08/91

 

 

Date Charge Registered:

06/08/91

 

 

Date Charge Satisfied:

25/11/93

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATWEST INVESTMENTS BANK LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

BY WAY OF LEGAL MORTGAGE THE L/H PROPERTY K/A UNIT 9 MIDDLEWICH BUSINESS AND INDUSTRIAL PARK MIDDLEWICH, L/H PROPERTY K/A CANUTE COURT TOFT ROAD KNUTSFORD AND/OR THE PROCEEDS OF SALE THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

Mortgage Type:

DEBENTURE

Date Charge Created:

29/11/88

 

 

Date Charge Registered:

09/12/88

 

 

Date Charge Satisfied:

26/11/91

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS 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 ALL AS TRUSTEE ON BEHALF OF THE BENEFICIANLES ASDEFINED IN THE DEED ON ANY ACCOUNT WHATSOEVER UNDER THE FACILITY DOCUMENTS AND THE SENIOR FACILITIES AS DEFINED IN THE DEED.

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

PROMETHEON HOLDINGS (UK) LTD

GBP

72,106,429

ORDINARY

0.05

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

PAYMENT INFORMATION

 

Average Invoice Value

£17180.12

Invoices available

2

Paid

2

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

2

0

0

0

0

Outstanding

0

0

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group structure

Other Linked companies

Name

Number

Latest Key Financials

Turnover

COX & KINGS

01111352

31.03.2014

€355,681,981

TULIP STAR HOTELS

 

31.03.2014

 

P G L AVENTURES

313139701

31.03.2013

€2,367,620

SOC IMMOBILIERE PARTICIPATIONS FONCIER

642056790

31.03.2013

€3,347,363

TRAVELPLUS GROUP GMBH

HRB 4596

31.03.2014

 

BUSINESS RESERVATIONS CENTRE HOLLAND HOLDING B.V.

32055814

31.03.2012

 

MEININGER WEST GMBH & CO. KG

HRA 44535 B

31.03.2013

 

RM&S REISE MARKETING & SERVICE GMBH

HRB 94867

31.03.2013

 

MEININGER 10 HOSTEL UND REISEVERMITTLUNGS GMBH

HRB 90972 B

31.03.2013

 

MEININGER 10 CITY HOSTEL BERLIN-MITTE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

HRB 103151 B

31.03.2013

 

MEININGER AIRPORT FRANKFURT GMBH

HRB 126309 B

31.03.2013

 

"""MEININGER 10"" HAMBURG GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG"

HRB 107137 B

31.03.2013

 

"""MEININGER"" AIRPORT HOTELS BBI GMBH"

HRB 118215 B

31.03.2013

 

"""MEININGER 10"" FRANKFURT GMBH"

HRB 113620 B

31.03.2013

 

MEININGER 10 CITY HOSTEL KÖLN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

HRB 101970 B

31.03.2013

 

"""MEININGER"" ORANIENBURGER STRAßE GMBH"

HRB 119893 B

31.03.2013

 

"""MEININGER"" BERLIN HAUPTBAHNHOF GMBH"

HRB 114301 B

31.03.2013

 

"""MEININGER"" POTSDAMER PLATZ GMBH"

HRB 124193 B

30.09.2012

 

"""MEININGER"" SHARED SERVICES GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG"

HRB 106229 B

31.03.2013

 

MEININGER BARCELONA GMBH

HRB 128379 B

30.09.2012

 

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Weeks

52

(%)

52

(%)

78

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

Y

(%)

Y

(%)

Y

Turnover

£400,000,000

3.8%

£385,300,000

-31.5%

£562,500,000

22.1%

£460,800,000

-2.7%

£473,400,000

Export

-

-

-

-

-

-

-

-

£127,700,000

Cost of Sales

£279,000,000

-2.4%

£285,800,000

-33.2%

£428,100,000

24.1%

£344,900,000

-

-

Gross Profit

£121,000,000

21.6%

£99,500,000

-26%

£134,400,000

16%

£115,900,000

-

-

Wages & Salaries

£67,800,000

20.2%

£56,400,000

-34%

£85,400,000

40.2%

£60,900,000

-0.8%

£61,400,000

Directors Emoluments

£1,000,000

-9.1%

£1,100,000

-76.1%

£4,600,000

155.6%

£1,800,000

-6.3%

£1,920,000

Operating Profit

£23,500,000

-17.3%

£28,400,000

999.9%

£100,000

-99.7%

£33,600,000

18.3%

£28,400,000

Depreciation

£14,100,000

5.2%

£13,400,000

-23.9%

£17,600,000

9.3%

£16,100,000

14.2%

£14,100,000

Audit Fees

£600,000

50%

£400,000

33.3%

£300,000

-25%

£400,000

33.3%

£300,000

Interest Payments

£10,200,000

-13.6%

£11,800,000

-43.3%

£20,800,000

55.2%

£13,400,000

-17.3%

£16,200,000

Pre Tax Profit

£16,200,000

-22.5%

£20,900,000

244.1%

-£14,500,000

-164.7%

£22,400,000

330.8%

£5,200,000

Taxation

-£8,600,000

-8.9%

-£7,900,000

-68.1%

-£4,700,000

37.3%

-£7,500,000

-188.5%

-£2,600,000

Profit After Tax

£7,600,000

-41.5%

£13,000,000

167.7%

-£19,200,000

-228.9%

£14,900,000

473.1%

£2,600,000

Dividends Payable

£10,000,000

100%

£5,000,000

-36.7%

£7,900,000

1.3%

£7,800,000

41.8%

£5,500,000

Retained Profit

-£2,400,000

-130%

£8,000,000

129.5%

-£27,100,000

-481.7%

£7,100,000

344.8%

-£2,900,000

 

Balance Sheet

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Tangible Assets

£226,300,000

-14.8%

£265,700,000

7.1%

£248,100,000

26.2%

£196,600,000

3.2%

£190,500,000

Intangible Assets

£124,900,000

98.3%

£63,000,000

-19.6%

£78,400,000

-27.9%

£108,700,000

-35.5%

£168,500,000

Total Fixed Assets

£351,200,000

6.8%

£328,700,000

0.7%

£326,500,000

6.9%

£305,300,000

-15%

£359,000,000

Stock

£1,400,000

16.7%

£1,200,000

-

£1,200,000

-52%

£2,500,000

4.2%

£2,400,000

Trade Debtors

£24,900,000

17.5%

£21,200,000

-0.9%

£21,400,000

32.9%

£16,100,000

-14.8%

£18,900,000

Cash

£45,200,000

-34.1%

£68,600,000

64.1%

£41,800,000

-25.9%

£56,400,000

8.7%

£51,900,000

Other Debtors

£44,500,000

34.4%

£33,100,000

5.1%

£31,500,000

83.1%

£17,200,000

17%

£14,700,000

Miscellaneous Current Assets

0

-

0

-

0

-

0

-100%

£4,600,000

Total Current Assets

£116,000,000

-6.5%

£124,100,000

29.4%

£95,900,000

4%

£92,200,000

-0.3%

£92,500,000

Trade Creditors

£43,500,000

11%

£39,200,000

7.1%

£36,600,000

-25.9%

£49,400,000

18.8%

£41,600,000

Bank Loans & Overdrafts

£9,000,000

-1.1%

£9,100,000

-9%

£10,000,000

-

£10,000,000

-1%

£10,100,000

Other Short Term Finance

£7,600,000

-24.8%

£10,100,000

50.7%

£6,700,000

31.4%

£5,100,000

-64.3%

£14,300,000

Miscellaneous Current Liabilities

£133,000,000

24.1%

£107,200,000

-8.6%

£117,300,000

32.2%

£88,700,000

14.7%

£77,300,000

Total Current Liabilities

£193,100,000

16.6%

£165,600,000

-2.9%

£170,600,000

11.4%

£153,200,000

6.9%

£143,300,000

Bank Loans & Overdrafts and LTL

£190,400,000

-5.6%

£201,800,000

14.9%

£175,600,000

10.9%

£158,400,000

-27.1%

£217,300,000

Other Long Term Finance

£1,700,000

-56.4%

£3,900,000

-57.1%

£9,100,000

-27.2%

£12,500,000

-10.1%

£13,900,000

Total Long Term Liabilities

£181,400,000

-5.9%

£192,700,000

16.4%

£165,600,000

11.6%

£148,400,000

-28.4%

£207,200,000

 

Capital & Reserves

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Called Up Share Capital

£3,600,000

-

£3,600,000

-

£3,600,000

2.9%

£3,500,000

-

£3,500,000

P & L Account Reserve

-£36,500,000

-4.9%

-£34,800,000

19.4%

-£43,200,000

-189.9%

-£14,900,000

-151%

£29,200,000

Revaluation Reserve

£55,100,000

-0.2%

£55,200,000

-0.2%

£55,300,000

35.9%

£40,700,000

-

-

Sundry Reserves

£70,500,000

-

£70,500,000

-

£70,500,000

5.9%

£66,600,000

-2.5%

£68,300,000

Shareholder Funds

£92,700,000

-1.9%

£94,500,000

9.6%

£86,200,000

-10.1%

£95,900,000

-5%

£101,000,000

 

Other Financial Items

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Net Worth

-£32,200,000

-202.2%

£31,500,000

303.8%

£7,800,000

160.9%

-£12,800,000

81%

-£67,500,000

Working Capital

-£77,100,000

-85.8%

-£41,500,000

44.4%

-£74,700,000

-22.5%

-£61,000,000

-20.1%

-£50,800,000

Total Assets

£467,200,000

3.2%

£452,800,000

7.2%

£422,400,000

6.3%

£397,500,000

-12%

£451,500,000

Total Liabilities

£374,500,000

4.5%

£358,300,000

6.6%

£336,200,000

11.5%

£301,600,000

-14%

£350,500,000

Net Assets

£92,700,000

-1.9%

£94,500,000

9.6%

£86,200,000

-10.1%

£95,900,000

-5%

£101,000,000

 

 

Cash Flow

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Net Cashflow from Operations

£59,100,000

29.3%

£45,700,000

-4.4%

£47,800,000

-37.5%

£76,500,000

59.7%

£47,900,000

Net Cashflow before Financing

-£10,700,000

-528%

£2,500,000

107.8%

-£32,100,000

-181.3%

£39,500,000

138%

£16,600,000

Net Cashflow from Financing

-£12,200,000

-151%

£23,900,000

30.6%

£18,300,000

154.6%

-£33,500,000

-249%

-£9,600,000

Increase in Cash

-£22,900,000

-186.7%

£26,400,000

291.3%

-£13,800,000

-330%

£6,000,000

-14.3%

£7,000,000

 

 

Miscellaneous

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

30/09/10

(%)

30/09/09

Contingent Liability

YES

-

YES

-

NO

-

NO

-

YES

Capital Employed

£274,100,000

-4.6%

£287,200,000

14.1%

£251,800,000

3.1%

£244,300,000

-20.7%

£308,200,000

Number of Employees

3682

7.3%

3431

17%

2933

-15.7%

3480

-2.5%

3569

Auditors

DELOITTE LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-55-34

 

Ratios

Date Of Accounts

31/03/14

31/03/13

31/03/12

30/09/10

30/09/09

Pre-tax profit margin %

4.05

5.42

-2.58

4.86

1.10

Current ratio

0.60

0.75

0.56

0.60

0.65

Sales/Net Working Capital

-5.19

-9.28

-7.53

-7.55

-9.32

Gearing %

205.40

213.50

203.70

165.20

215.10

Equity in %

27.10

24.20

25.10

33.20

35.70

Creditor Days

39.58

37.03

35.52

39.02

31.98

Debtor Days

22.65

20.02

20.77

12.71

14.53

Liquidity/Acid Test

0.59

0.74

0.55

0.58

0.62

Return On Capital Employed %

5.91

7.27

-5.75

9.16

1.68

Return On Total Assets Employed %

3.46

4.61

-3.43

5.63

1.15

Current Debt Ratio

2.08

1.75

1.97

1.59

1.41

Total Debt Ratio

4.03

3.79

3.90

3.14

3.47

Stock Turnover Ratio %

0.35

0.31

0.21

0.54

0.50

Return on Net Assets Employed %

17.47

22.11

-16.82

23.35

5.14

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Status History

No Status History found

 

Event History

Date

Description

 

29/09/2014

Mr J. Coleman has left the board

 

09/08/2014

New Accounts Filed

 

09/08/2014

New Accounts Filed

 

29/03/2014

Annual Returns

 

20/08/2013

New Accounts Filed

 

20/08/2013

New Accounts Filed

 

15/04/2013

Annual Returns

 

14/12/2012

Mr S. Whitfield has left the board

 

25/09/2012

Mr M. Davies has left the board

 

22/08/2012

New Accounts Filed

 

22/08/2012

New Accounts Filed

 

12/07/2012

Mr N.I. Bright has left the board

 

22/05/2012

New Board Member Mr N. Bali appointed

 

02/05/2012

Annual Returns

 

14/12/2011

Change of Name

 

 

 

Previous Company Names

 

Date

Previous Name

11/03/1999

EUROCAMP PLC

06/06/1991

THE EUROCAMP GROUP LIMITED

31/10/1989

EUROCAMP LIMITED

22/12/1988

RAREWORD LIMITED

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 3.8% on the previous trading period.

A 3.2% growth in Total Assets occurred during the latest trading period.

The audit report contains no adverse comments.

 

The company's credit rating has dropped from 97 to 84 but the company still indicates very good creditworthiness.

Net Worth decreased by 202.2% during the latest trading period.

Pre-tax profits decreased by 22.5% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 34.1% during the latest trading period.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company was established over 25 years ago.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.39

UK Pound

1

Rs.98.00

Euro

1

Rs.76.99

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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.