MIRA INFORM REPORT
|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARKS AND SPENCER P.L.C. |
|
|
|
|
Registered Office : |
Waterside House, 35 North Wharf Road, London W2 1NW |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
29.03.2014 |
|
|
|
|
Date of Incorporation : |
17.06.1926 |
|
|
|
|
Com. Reg. No.: |
00214436 |
|
|
|
|
Legal Form : |
Public limited with Share Capital |
|
|
|
|
Line of Business : |
· Other Retail Sale in Non-Specialised Stores. · A group engaged as retailers and sell high quality, great value clothing and home products as well as outstanding quality of food. |
|
|
|
|
No. of Employees : |
85813 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
REGISTERED
NAME & COMPANY SUMMARY
|
Company Name: |
MARKS AND SPENCER P.L.C. |
|
Company Number: |
00214436 |
|
Company Status: |
Active - Accounts Filed |
|
Registered Address |
WATERSIDE HOUSE |
Trading Address |
Waterside House |
|
|
35 NORTH WHARF ROAD |
|
Brocks Business Park |
|
|
LONDON |
|
London |
|
|
W2 1NW |
|
W2 1NW |
|
Website Address |
|
|
|
|
Telephone Number |
02089942236 |
Fax Number |
-- |
|
TPS |
No |
FPS |
No |
|
Incorporate Date |
17/06/1926 |
Previous Name |
-- |
|
Type |
Public limited with Share Capital |
Date of Change |
- |
|
Filing Date of Accounts |
25/09/2014 |
Currency |
GBP |
|
Share Capital |
£712,509,869 |
SIC07 |
47190 |
|
SIC07 Description |
OTHER RETAIL SALE IN NON-SPECIALISED STORES. |
||
|
Principal Activity |
A group engaged as retailers and sell high quality, great value
clothing and home products as well as outstanding quality of food. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
John William Dixon |
Date of Birth |
12/02/1968 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
16/10/2013 |
|
|
|
Address |
35 North Wharf Road, London, W2 1NW |
||
|
Name |
Amanda Mellor |
Date of Birth |
07/03/1964 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
60 |
Function |
Director |
|
Appointment Date |
17/07/2009 |
|
|
|
Address |
35 North Wharf Road, London, W2 1NW |
||
|
Name |
Marc Bolland |
Date of Birth |
28/03/1959 |
|
Officers Title |
Mr |
Nationality |
Dutch |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
14/07/2010 |
|
|
|
Address |
Waterside House 35 North Wharf Road, London, W2 1NW |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Alan James McWalter |
6 |
30 |
|
Clara Elizabeth Mary Freeman |
4 |
11 |
|
Clinton Vita Silver |
1 |
10 |
|
Maurice Epstein |
0 |
4 |
|
Barry Simon Morris |
0 |
5 |
|
Paul Peter Douglas Smith |
0 |
3 |
|
John Michael Joseph Keenan |
5 |
21 |
|
Anthony Frank Elliott Ball |
1 |
37 |
|
Stella Rimington |
0 |
12 |
|
Donald George Trangmar |
2 |
5 |
|
Charles Wilson |
3 |
32 |
|
Christopher Littmoden |
0 |
23 |
|
Stuart Alan Ransom Rose |
1 |
20 |
|
Andrew Zelig Stone Of Blackheath |
0 |
14 |
|
Mark David McKeon |
1 |
5 |
|
Martin Wakefield Jacomb |
3 |
27 |
|
James Benfield |
1 |
11 |
|
Laurel Claire Powers Freeling |
3 |
48 |
|
Justin Matthew King |
0 |
5 |
|
Luc Emile Vandevelde |
0 |
7 |
|
Joseph Thomas Rowe |
1 |
3 |
|
Roger Anthony Holmes |
9 |
46 |
|
Ian Dyson |
0 |
36 |
|
Philip Guy McCracken |
8 |
53 |
|
Steven Michael Sharp |
1 |
3 |
|
Nigel Lawrence Colne |
2 |
13 |
|
Peter Henry Spridoell |
0 |
1 |
|
Brian Ford Baldock |
2 |
26 |
|
Simon John Sacher |
9 |
8 |
|
Richard Greenbury |
0 |
10 |
|
John Keith Oates |
29 |
19 |
|
Ralph Harry Robins |
2 |
12 |
|
Michael Sydney Perry |
0 |
15 |
|
Anthony Stanley Orton |
1 |
12 |
|
Alan Keith Patrick Smith |
7 |
21 |
|
Janet Mary Young |
1 |
8 |
|
Robert William Chaigneau Colvill |
3 |
22 |
|
John Kevin Lomax |
2 |
106 |
|
Graham John Oakley |
14 |
81 |
|
Graham John Oakley |
14 |
81 |
|
David Ronald Norgrove |
1 |
20 |
|
John O'Neill |
3 |
14 |
|
Denis George Lanigan |
0 |
2 |
|
David Reuben Susman |
0 |
1 |
|
Vittorio Radice |
2 |
11 |
|
John Anderson Lusher |
2 |
10 |
|
David John Eyre |
0 |
9 |
|
Peter Leslie Salsbury |
5 |
20 |
|
Roger Aldridge |
2 |
14 |
|
David Daniel Sieff |
9 |
21 |
|
David Valentine Atterton |
1 |
18 |
|
Derek Keith Hayes |
0 |
2 |
|
Maurice Harold Helfgott |
8 |
15 |
|
Alison Clare Reed |
2 |
27 |
|
Alan James Harris Stewart |
11 |
35 |
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
4 |
Total Value of Exact CCJs - |
£19,313 |
|
Total Number of Possible CCJs - |
3 |
Total Value of Possible CCJs - |
£1,970 |
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
23/02/2012 |
CHELMSFORD |
£17,839 |
Judgment |
0DA02211 |
- |
|
20/07/2011 |
WILLESDEN |
£1 |
Judgment |
0SK01228 |
- |
|
02/06/2010 |
BODMIN |
£661 |
Judgment |
9BJ01102 |
- |
|
21/03/2010 |
NORTHAMPTON CCBC |
£812 |
Judgment |
0QT14251 |
- |
Possible CCJs
Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
Registered CCJ
Details |
|
26/03/2010 |
WAKEFIELD |
£755 |
Judgment |
0WF00220 |
- |
MARKS AND SPENCER PLC, CHESTER BUSINESS PARK, WREXHAM ROAD, CHESTER,
CH4 9GA, CH4 9GA |
|
21/02/2010 |
NORTHAMPTON CCBC |
£240 |
Satisfied |
0XJ02587 |
20/04/2010 |
MARKS AND SPENCER PLC, WESTWAY STUDIOS, 54 WOOD LANE, WHITE CITY, W12
7QR, W12 7QR |
|
25/11/2009 |
NORTHAMPTON CCBC |
£975 |
Judgment |
9XJ29488 |
- |
MARKS AND SPENCER PLC, UNIT B, WESTFIELD SHOPPING CENTRE, AREIL WAY, ,
W12 7GA |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
A SUBORDINATED LOAN SECURITY DEED MADE BETWEEN THE COMPANY, LAW
DEBENTURE TRUSTEES LIMITED (THE "TRUSTEE" WHICH EXPRESSION SHALL
INCLUDE SUCH COMPANY AND ALL OTHER PERSONS FOR THE TIME BEING ACTING
ASTRUSTEE) |
|
Date Charge Created: |
12/12/01 |
|
Date Charge Registered: |
21/12/01 |
|
Date Charge Satisfied: |
20/06/07 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
LAW DEBENTURE TRUSTEES LIMITED |
|
Amount Secured: |
ALL DEBTS, MONIES AND LIABILITIES FROM TIME TO TIME DUE, OWING OR
INCURRED BY THE COMPANY TO THE BORROWER UNDER CLAUSE 7 (4) OF THE TAX DEED OF
COVENANT (ALLTERMS AS DEFINED) |
|
Details: |
BY WAY OF FIRST FIXED SECURITY IN FAVOUR OF THE TRUSTEE FOR ITSELF AND
AS TRUSTEE FOR THE BORROWER ALL ITS RIGHT, TITLE, INTEREST AND BENEFIT,
PRESENT AND FUTURE, IN TO AND UNDER THE SUBORDINATED LOAN.. SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
Mortgage Type: |
A LEASEHOLD CONTINGENCY DEED OF CHARGE MADE BETWEEN THE COMPANY, LAW
DEBENTURE TRUSTEES LIMITED (THE"SECURITY TRUSTEE"WHICH EXPRESSION
SHALL INCLUDE SUCH COMPANY AND ALL OTHER PERSONS FOR THE TIME BEING ACTING AS
SECURITY TRUSTEE PURSUANT TO THE DEED) AND EACH OTHER PARTY AS DEFINED IN THE
BORROWERDEED OF CHARGE |
|
Date Charge Created: |
12/12/01 |
|
Date Charge Registered: |
21/12/01 |
|
Date Charge Satisfied: |
20/06/07 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
LAW DEBENTURE TRUSTEES LIMITED |
|
Amount Secured: |
THE PAYMENT OR DISCHARGE OF THE AGGREGATE OF ALL MONIES AND
LIABILITIES WHATSOEVER WHICH FROM TIME TO TIME ARE OR MAY BECOME DUE, OWING OR
PAYABLE BY THE BORROWER TO THE BORROWER SECURED CREDITORS UNDER THE
TRANSACTION DOCUMENTS (ALL TERMSAS DEFINED) |
|
Details: |
(1) CHARGED BY WAY OF FIRST LEGAL MORTGAGE TO THE FULLEST EXTENT
POSSIBLE THE BARE LEGAL ESTATE OF EACH OF THE PROPERTIES AT 23 BROADWAY,
ACCRINGTON; 23-29 QUEENSWAY, CRAWLEY; 133/137 TERMINUS ROAD, EASTBOURNE; 371
HARROGATE ROAD, MOORTOWN, LEEDS; 19/31 FARGATE, SHEFFIELD; 147/153 HIGH
STREET, SLOUGH; AND 32/40 PARADE, CUTTON COLDFIELD.. SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Mortgage Type: |
DEED OF RELEASE AND CHARGE EFFECTING SUBSTITUTION OF SECURITY |
|
Date Charge Created: |
17/07/90 |
|
Date Charge Registered: |
07/08/90 |
|
Date Charge Satisfied: |
09/02/01 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
THE PRUDENTIAL ASSURANCE COMPANY LIMITED |
|
Amount Secured: |
£45,000,000 DUE FROM THE COMPANY TO THECHARGEE SECURED BY A TRUST DEED
DATED 27/3/79 |
|
Details: |
BY A TRUST DEED DATED 27TH MARCH 1979 CERTAIN PROPERTY WAS CHARGED BY WAY
OF LEGAL MORTGAGE BY A DEED OF EXCHANGE DATED17/7/90 CERTAIN LAND WAS
RECEIVED BY THE COMPANY FROM THE L/BOROUGH OF BROMLEY THIS LAND COMPRISES TWO
PARTS OF F/H LAND FORMING PART OF THE LAND REGISTERED WITH T/N SGL 522255.
BYA DEED OF RELEASE AND CHARGE BY WAY OF LEGAL MORTGAGE DATED 17/7/90 THE
LAND RECEIVED BY THE COMPANYWAS MADE SUBJECT TO THE LEGAL MORTGAGE IN THE
TRUST DEED DATED 27/3/79. |
|
Mortgage Type: |
TRANSFER |
|
Date Charge Created: |
05/08/88 |
|
Date Charge Registered: |
23/08/88 |
|
Date Charge Satisfied: |
03/10/01 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
THE SECRETARY OF STATE FOR DEFENCE. |
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE CHARGE |
|
Details: |
F/H LAND PART OF THE MEADOWS, SANDHURST, CAMBERLEY, BERKS. COMPRISING
APPROX. 14 ACRES. |
|
Mortgage Type: |
DEED OF FURTHER CHARGE |
|
Date Charge Created: |
19/04/84 |
|
Date Charge Registered: |
24/04/84 |
|
Date Charge Satisfied: |
09/02/01 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
THE PRUDENTIAL ASSURANCE COMPANY LIMITED. |
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF A TRUST DEED DATED 27.3.1979. |
|
Details: |
F/H LAND AT THE REAR OF SPRING GARDENS, BUXTON DERBYSHIRE. LAND TO THE
NORTH OFSPRING GARDENS BUXTON, DERBYSHIRE. TOGETHER WITH ALL BUILDINGS
ERECTIONS FIXTURES & FITTINGS FIXED PLANT & MACHINERY. |
|
Mortgage Type: |
DEED OF FURTHER CHARGE |
|
Date Charge Created: |
29/12/83 |
|
Date Charge Registered: |
04/01/84 |
|
Date Charge Satisfied: |
09/02/01 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
THE PRUDENTIAL ASSURANCE COMPANY LIMITED. |
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF A TRUST DEED DATED 27.3.79. |
|
Details: |
VARIOUS PROPERTIES IN ALDERSHOT, BROMLEY, CHELMSFORD, CHICHESTER &
LEICESTER. (FOR FULL DETAILS SEEDOC. M328). |
|
Mortgage Type: |
|
|
Date Charge Created: |
- |
|
Date Charge Registered: |
09/04/79 |
|
Date Charge Satisfied: |
04/02/95 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
THE PRUDENTIAL ASSURANCE COMPANY LIMITED |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
|
|
Date Charge Created: |
29/01/70 |
|
Date Charge Registered: |
29/01/70 |
|
Date Charge Satisfied: |
12/10/84 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
SEE FORM NO. 48 FOR DETAILS |
|
Amount Secured: |
WARNING - UNABLE TO DISPLAY AMOUNT SECURED DETAILS |
|
Details: |
|
|
Mortgage Type: |
|
|
Date Charge Created: |
25/01/68 |
|
Date Charge Registered: |
25/01/68 |
|
Date Charge Satisfied: |
27/03/79 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
SEE FORM NO. 48 FOR DETAILS |
|
Amount Secured: |
WARNING - UNABLE TO DISPLAY AMOUNT SECURED DETAILS |
|
Details: |
|
|
Mortgage Type: |
|
|
Date Charge Created: |
01/07/66 |
|
Date Charge Registered: |
01/07/66 |
|
Date Charge Satisfied: |
27/03/79 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
SEE FORM NO. 48 FOR DETAILS |
|
Amount Secured: |
WARNING - UNABLE TO DISPLAY AMOUNT SECURED DETAILS |
|
Details: |
|
|
Mortgage Type: |
|
|
Date Charge Created: |
01/07/65 |
|
Date Charge Registered: |
01/07/65 |
|
Date Charge Satisfied: |
27/03/79 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
SEE FORM NO. 48 FOR DETAILS |
|
Amount Secured: |
WARNING - UNABLE TO DISPLAY AMOUNT SECURED DETAILS |
|
Details: |
|
|
Mortgage Type: |
|
|
Date Charge Created: |
- |
|
Date Charge Registered: |
03/07/61 |
|
Date Charge Satisfied: |
27/03/79 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
SEE FORM NO. 48 FOR DETAILS |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
CHARGE |
|
Date Charge Created: |
20/03/29 |
|
Date Charge Registered: |
21/03/29 |
|
Date Charge Satisfied: |
21/07/30 |
|
Status: |
SATISFIED |
|
Person(s) Entitled: |
PRUDENTIAL ASSURANCE COMPANY LIMITED |
|
Amount Secured: |
£200,000 & FURTHER ADVANCES NOT EXCEEDING THEREWITH £1,000,000 |
|
Details: |
THE PROPERTIES LISTED IN THE SCHEDULE ATTACHED TO DOC 45. |
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
MARKS & SPENCER GROUP PLC |
GBP |
2,850,039,477 |
ORDINARY |
0.25 |
Unable to report percentage holdings as filed Shareholder listing is not
full.
PAYMENT
INFORMATION
Mortgage Summary
|
Total Mortgage |
13 |
|
Summary |
0 |
|
Satisfied |
13 |
Trade debtors /
Bad debts Summary
|
Total Number of Documented Trade |
1 |
|
Total Value of Documented Trade |
£120 |
Trade Payment
Information
|
Average Invoice Value |
733.77 |
|
Invoices available |
14476 |
|
Paid |
12351 |
|
Outstanding |
2125 |
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 561 enquiries in the last 12 months. |
|
There are an average of 47 reports taken each month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
127 |
279 |
429 |
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 |
1 |
£120 |
|
Company Name |
Amount |
Statement Date |
|
N C S (Cumbria) Limited |
£120 |
22/04/2014 |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
10984 |
969 |
85 |
43 |
270 |
|
Outstanding |
2 |
24 |
1997 |
23 |
79 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
54 companies |
|
Linkages |
6 companies |
|
Countries |
In 2 countries |
Summary
|
Holding Company |
MARKS AND SPENCER GROUP P.L.C. |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
MARKS AND SPENCER GROUP P.L.C. |
Group structure
|
Group |
54 companies |
|
Linkages |
6 companies |
|
Countries |
In 2 countries |
Other Linked
companies
|
Name |
|
Number |
Latest Key
Financials |
Turnover |
|
MARKS AND SPENCER B.V. |
|
34287696 |
30.03.2013 |
|
|
MARKS AND SPENCER STORES B.V. |
|
33225985 |
24.02.2013 |
|
|
M & S MODE INTERNATIONAL B.V. |
|
33235552 |
24.02.2013 |
|
|
MARKS AND SPENCER NEDERLAND (RETAIL) B.V. |
|
55457398 |
30.03.2013 |
|
|
J SAINSBURY HOLDINGS |
|
IE210097 |
16.03.2013 |
|
|
JS FINANCE CORPORATION |
|
IE210098 |
18.03.2013 |
|
FINANCIAL
INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employee |
|
29/03/2014 |
£10,309,700,000 |
£580,400,000 |
£5,192,400,000 |
85813 |
|
30/03/2013 |
£10,026,800,000 |
£547,200,000 |
£5,103,400,000 |
81734 |
|
31/03/2012 |
£9,934,300,000 |
£658,000,000 |
£5,372,100,000 |
54984 |
Profit & Loss
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
53 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
|
Turnover |
£10,309,700,000 |
2.8% |
£10,026,800,000 |
0.9% |
£9,934,300,000 |
2% |
£9,740,300,000 |
2.1% |
£9,536,600,000 |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
-100% |
£5,918,100,000 |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£3,618,500,000 |
|
|
Wages & Salaries |
£1,410,900,000 |
6.5% |
£1,324,200,000 |
-63.6% |
£3,638,600,000 |
188% |
£1,263,500,000 |
0.3% |
£1,259,400,000 |
|
|
Directors Emoluments |
£2,000,000 |
-25.9% |
£2,700,000 |
-99.9% |
£2,386,000,000 |
-49.4% |
£4,711,000,000 |
999.9% |
£8,570,000 |
|
|
Operating Profit |
£694,500,000 |
-7.8% |
£753,000,000 |
0.9% |
£746,500,000 |
-10.8% |
£836,900,000 |
-1.8% |
£852,000,000 |
|
|
Depreciation |
£379,700,000 |
1.5% |
£374,100,000 |
-7.6% |
£404,800,000 |
-2.8% |
£416,500,000 |
5.7% |
£394,200,000 |
|
|
Audit Fees |
£900,000 |
-10% |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
-28.6% |
£1,400,000 |
|
|
Interest Payments |
£139,100,000 |
-36.3% |
£218,200,000 |
59.5% |
£136,800,000 |
-10.5% |
£152,900,000 |
-5.7% |
£162,200,000 |
|
|
Pre Tax Profit |
£580,400,000 |
6.1% |
£547,200,000 |
-16.8% |
£658,000,000 |
-15.7% |
£780,600,000 |
11.1% |
£702,700,000 |
|
|
Taxation |
-£91,100,000 |
-6.3% |
-£85,700,000 |
49.1% |
-£168,400,000 |
7.5% |
-£182,000,000 |
-1.3% |
-£179,700,000 |
|
|
Profit After Tax |
£489,300,000 |
6% |
£461,500,000 |
-5.7% |
£489,600,000 |
-18.2% |
£598,600,000 |
14.5% |
£523,000,000 |
|
|
Dividends Payable |
£273,600,000 |
- |
£273,600,000 |
- |
£273,600,000 |
9.1% |
£250,800,000 |
6.3% |
£236,000,000 |
|
|
Retained Profit |
£234,500,000 |
19.3% |
£196,600,000 |
2.1% |
£192,500,000 |
-42.4% |
£334,400,000 |
16.5% |
£287,000,000 |
Balance Sheet
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Tangible Assets |
£5,740,000,000 |
0.7% |
£5,698,200,000 |
7.9% |
£5,280,500,000 |
1.5% |
£5,204,500,000 |
0.5% |
£5,180,200,000 |
|
|
Intangible Assets |
£808,400,000 |
16.3% |
£695,000,000 |
18.9% |
£584,300,000 |
10.7% |
£527,700,000 |
16.5% |
£452,800,000 |
|
|
Total Fixed Assets |
£6,548,400,000 |
2.4% |
£6,393,200,000 |
9% |
£5,864,800,000 |
2.3% |
£5,732,200,000 |
1.8% |
£5,633,000,000 |
|
|
Stock |
£845,500,000 |
10.2% |
£767,300,000 |
12.5% |
£681,900,000 |
-0.5% |
£685,300,000 |
11.8% |
£613,200,000 |
|
|
Trade Debtors |
£126,800,000 |
17.1% |
£108,300,000 |
-5.5% |
£114,600,000 |
16.6% |
£98,300,000 |
11.1% |
£88,500,000 |
|
|
Cash |
£182,100,000 |
-5.7% |
£193,100,000 |
-1.5% |
£196,100,000 |
-58.3% |
£470,200,000 |
15.9% |
£405,800,000 |
|
|
Other Debtors |
£182,700,000 |
33.7% |
£136,700,000 |
-1.2% |
£138,400,000 |
-8.9% |
£152,000,000 |
-21.2% |
£192,900,000 |
|
|
Miscellaneous Current Assets |
£2,503,200,000 |
-3% |
£2,579,300,000 |
-10.2% |
£2,870,800,000 |
1.5% |
£2,827,700,000 |
999.9% |
£219,800,000 |
|
|
Total Current Assets |
£3,840,300,000 |
1.5% |
£3,784,700,000 |
-5.4% |
£4,001,800,000 |
-5.5% |
£4,233,500,000 |
178.5% |
£1,520,200,000 |
|
|
Trade Creditors |
£1,144,000,000 |
17.6% |
£972,700,000 |
1.4% |
£959,500,000 |
4.4% |
£919,200,000 |
16% |
£792,200,000 |
|
|
Bank Loans & Overdrafts |
£445,500,000 |
193.5% |
£151,800,000 |
295.3% |
£38,400,000 |
-86% |
£274,800,000 |
-41.4% |
£469,300,000 |
|
|
Other Short Term Finance |
£126,600,000 |
-74.3% |
£492,500,000 |
16.8% |
£421,700,000 |
-6.3% |
£450,100,000 |
299.7% |
£112,600,000 |
|
|
Miscellaneous Current Liabilities |
£633,200,000 |
4.7% |
£604,600,000 |
3.2% |
£585,800,000 |
3.5% |
£566,100,000 |
9.6% |
£516,400,000 |
|
|
Total Current Liabilities |
£2,349,300,000 |
5.7% |
£2,221,600,000 |
10.8% |
£2,005,400,000 |
-9.3% |
£2,210,200,000 |
16.9% |
£1,890,500,000 |
|
|
Bank Loans & Overdrafts and LTL |
£3,292,500,000 |
9.6% |
£3,004,700,000 |
18.9% |
£2,527,500,000 |
-7.6% |
£2,735,200,000 |
-23.2% |
£3,563,400,000 |
|
|
Other Long Term Finance |
£572,200,000 |
1.5% |
£563,800,000 |
-71.5% |
£1,975,000,000 |
999.9% |
£103,400,000 |
35.7% |
£76,200,000 |
|
|
Total Long Term Liabilities |
£2,847,000,000 |
-0.2% |
£2,852,900,000 |
14.6% |
£2,489,100,000 |
1.2% |
£2,460,400,000 |
-20.5% |
£3,094,100,000 |
Capital &
Reserves
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Called Up Share Capital |
£712,500,000 |
- |
£712,500,000 |
- |
£712,500,000 |
- |
£712,500,000 |
80.2% |
£395,500,000 |
|
|
P & L Account Reserve |
£4,127,600,000 |
3.5% |
£3,987,600,000 |
4.3% |
£3,822,800,000 |
3.3% |
£3,700,000,000 |
-29.9% |
£5,281,900,000 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
£352,300,000 |
-12.6% |
£403,300,000 |
-51.8% |
£836,800,000 |
-5.2% |
£882,600,000 |
125.2% |
-£3,508,800,000 |
|
|
Shareholder Funds |
£5,192,400,000 |
1.7% |
£5,103,400,000 |
-5% |
£5,372,100,000 |
1.5% |
£5,295,100,000 |
144.2% |
£2,168,600,000 |
Other Financial
Items
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Net Worth |
£4,384,000,000 |
-0.6% |
£4,408,400,000 |
-7.9% |
£4,787,800,000 |
0.4% |
£4,767,400,000 |
177.9% |
£1,715,800,000 |
|
|
Working Capital |
£1,491,000,000 |
-4.6% |
£1,563,100,000 |
-21.7% |
£1,996,400,000 |
-1.3% |
£2,023,300,000 |
646.4% |
-£370,300,000 |
|
|
Total Assets |
£10,388,700,000 |
2.1% |
£10,177,900,000 |
3.2% |
£9,866,600,000 |
-1% |
£9,965,700,000 |
39.3% |
£7,153,200,000 |
|
|
Total Liabilities |
£5,196,300,000 |
2.4% |
£5,074,500,000 |
12.9% |
£4,494,500,000 |
-3.8% |
£4,670,600,000 |
-6.3% |
£4,984,600,000 |
|
|
Net Assets |
£5,192,400,000 |
1.7% |
£5,103,400,000 |
-5% |
£5,372,100,000 |
1.5% |
£5,295,100,000 |
144.2% |
£2,168,600,000 |
Cash Flow
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Net Cashflow from Operations |
£1,129,600,000 |
-0.9% |
£1,140,200,000 |
-5.2% |
£1,203,000,000 |
0.3% |
£1,199,900,000 |
-2.4% |
£1,229,000,000 |
|
|
Net Cashflow before Financing |
£514,700,000 |
-8.1% |
£559,800,000 |
25.7% |
£445,200,000 |
-37.2% |
£709,400,000 |
1.4% |
£699,400,000 |
|
|
Net Cashflow from Financing |
-£498,100,000 |
16.4% |
-£595,800,000 |
-16.6% |
-£511,000,000 |
21.1% |
-£647,400,000 |
18.4% |
-£792,900,000 |
|
|
Increase in Cash |
£16,600,000 |
146.1% |
-£36,000,000 |
45.3% |
-£65,800,000 |
-206.1% |
£62,000,000 |
166.3% |
-£93,500,000 |
Miscellaneous
|
|
Date Of Accounts |
29/03/14 |
(%) |
30/03/13 |
(%) |
31/03/12 |
(%) |
02/04/11 |
(%) |
03/04/10 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
YES |
|
|
Capital Employed |
£8,039,400,000 |
1% |
£7,956,300,000 |
1.2% |
£7,861,200,000 |
1.4% |
£7,755,500,000 |
47.4% |
£5,262,700,000 |
Ratios
|
|
Date Of Accounts |
29/03/14 |
30/03/13 |
31/03/12 |
02/04/11 |
03/04/10 |
|
|
Pre-tax profit margin % |
5.63 |
5.46 |
6.62 |
8.01 |
7.37 |
|
|
Current ratio |
1.63 |
1.70 |
2 |
1.92 |
0.80 |
|
|
Sales/Net Working Capital |
6.91 |
6.41 |
4.98 |
4.81 |
-25.75 |
|
|
Gearing % |
63.40 |
58.90 |
47 |
51.70 |
164.30 |
|
|
Equity in % |
54.20 |
53.80 |
57.90 |
56.10 |
32.40 |
|
|
Creditor Days |
40.39 |
35.31 |
35.15 |
34.35 |
30.81 |
|
|
Debtor Days |
4.47 |
3.93 |
4.19 |
3.67 |
3.44 |
|
|
Liquidity/Acid Test |
1.27 |
1.35 |
1.65 |
1.60 |
0.47 |
|
|
Return On Capital Employed % |
7.21 |
6.87 |
8.37 |
10.06 |
13.35 |
|
|
Return On Total Assets Employed % |
5.58 |
5.37 |
6.66 |
7.83 |
9.82 |
|
|
Current Debt Ratio |
0.45 |
0.43 |
0.37 |
0.41 |
0.87 |
|
|
Total Debt Ratio |
1 |
0.99 |
0.83 |
0.88 |
2.29 |
|
|
Stock Turnover Ratio % |
8.20 |
7.65 |
6.86 |
7.03 |
6.42 |
|
|
Return on Net Assets Employed % |
11.17 |
10.72 |
12.24 |
14.74 |
32.40 |
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Current Company
Secretary
|
Name |
Amanda Mellor |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
30/07/2009 |
|
|
|
Address |
Waterside House 35 North Wharf Road, London, W2 1NW |
||
|
|
Number of Employees |
85813 |
5% |
81734 |
48.7% |
54984 |
0.6% |
54675 |
-28.3% |
76267 |
|
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
|
Bankers |
HSBC BANK PLC |
||||||||
|
|
Bank Branch Code |
|
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
08/10/2014 |
New Accounts Filed |
|
08/10/2014 |
New Accounts Filed |
|
24/07/2014 |
Mr A.J. Stewart has left the board |
|
25/06/2014 |
New Board Member Mr A.J. Stewart appointed |
|
17/02/2014 |
Annual Returns |
|
23/10/2013 |
New Board Member Mr J.W. Dixon appointed |
|
10/10/2013 |
New Accounts Filed |
|
10/10/2013 |
New Accounts Filed |
|
23/08/2013 |
Dr S.M. Sharp has left the board |
|
08/03/2013 |
Annual Returns |
|
21/09/2012 |
New Accounts Filed |
|
21/09/2012 |
New Accounts Filed |
|
14/03/2012 |
Annual Returns |
|
19/08/2011 |
New Accounts Filed |
|
27/07/2011 |
New Accounts Filed |
Previous
Company Names
|
No Previous Names found |
NOTES
& COMMENTS
Commentary
|
Sales in the latest trading period increased 0.9% on the previous
trading period. |
|
A 2.7% growth in Total Assets occurred during the latest trading
period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
Multiple CCJ's recorded against the company. |
|
Net Worth decreased by 8.6% during the latest trading period. |
|
Pre-tax profits decreased by 14.2% compared to the previous trading period.
|
|
The company saw a decrease in their Cash Balance of 1.5% during the
latest trading period. |
|
The company is part of a group. |
|
The company has changed its year end on multiple occasions. |
|
The company was established over 88 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.