MIRA INFORM REPORT
|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEASALT LIMITED |
|
|
|
|
Formerly Known As : |
GENERAL CLOTHING STORES LIMITED |
|
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|
|
Registered Office : |
Unit 8, Falmouth Business, Park Bickland Water Road, Falmouth TR11 4SZ |
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|
|
Country : |
United Kingdom |
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|
|
|
Financials (as on) : |
31.01.2014 |
|
|
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|
Date of Incorporation : |
18.05.1988 |
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|
Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
·
Wholesaler of Clothing and Footwear ·
Design and production of clothing and the operation
of retail, internet and wholesale sales channels. |
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|
|
No of Employees : |
269 |
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 |
REGISTERED
NAME & COMPANY SUMMARY
SEASALT LIMITED
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Leigh George Chadwick |
Date of Birth |
16/06/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
31/07/2001 |
|
|
|
Address |
Jasmine Cottage, 16 Nursery Lane, Four Oaks, Sutton Coldfield, West
Midlands, B74 4TP |
||
|
Name |
Neil Michael Chadwick |
Date of Birth |
01/06/1966 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
31/07/2001 |
|
|
|
Address |
White Wings, Harbour Terrace, Falmouth, Cornwall, TR11 2AW |
||
|
Name |
David Alfred Chadwick |
Date of Birth |
06/11/1958 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
31/07/2001 |
|
|
|
Address |
Boskelly, Trencrom Lane Carbis Bay, St Ives, Cornwall, TR26 2TD |
||
Current Company
Secretary
|
Name |
Leigh George Chadwick |
Date of Birth |
16/06/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Company Secretary |
|
Appointment Date |
30/11/1991 |
|
|
|
Address |
Jasmine Cottage, 16 Nursery Lane, Four Oaks, Sutton Coldfield, West
Midlands, B74 4TP |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Donald George Chadwick |
0 |
3 |
|
Mary Alice Brenda Chadwick |
0 |
3 |
|
Frances Judith Louise Burgess |
0 |
1 |
|
Adrian Neil Green |
0 |
1 |
|
Michael John Simpson |
3 |
2 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage 15
Outstanding 1
Satisfied 14
Trade Debtors /
Bad Debt Summary
Total Number of Documented Trade 1
Total Value of Documented Trade £656
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 - |
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|
Total Number of Writs - |
- |
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Mortgage Details
|
Mortgage Type: |
|
||
|
Date Charge Created: |
29/09/14 |
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|
|
Date Charge Registered: |
01/10/14 |
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|
|
Date Charge Satisfied: |
- |
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Status: |
OUTSTANDING |
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Person(s) Entitled: |
SANTANDER UK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
AS CONTINUING SECURITY FOR THE PAYMENT OF ALL SECURED LIABILITIES, BY WAY
OF FIXED CHARGE BY WAY OF LEGAL MORTGAGE, ALLRIGHT, TITLE, ESTATE AND OTHER
INTERESTS OF THE COMPANY IN EACH CHARGED PROPERTY REFERRED TO IN THE
SCHEDULE.BY WAY OF FIXED CHARGE ALL RIGHT, TITLE, ESTATE AND OTHER INTERESTS
OF THE COMPANY IN EACHCHARGED PROPERTY NOT EFFECTIVELY MORTGAGED UNDER THE
PREVIOUS PROVISION. PLEASE SEE CHARGE DOCUMENT FOR MORE DETAILS.CONTAINS
FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
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|
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Date Charge Registered: |
29/01/09 |
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Date Charge Satisfied: |
12/01/11 |
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Status: |
SATISFIED |
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Person(s) Entitled: |
CLYDESDALE BANK PUBLIC LIMITED COMPANY |
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Amount Secured: |
|
||
|
Details: |
4 FORE STREET ST IVES T/NO CL155276 ASSIGNS THE GOODWILL OF ALL
BUSINESSES, FROM TIME TO TIME CARRIED ON AT THE PROPERTY, WITH THE BENEFIT OF
ALL AUTHORISATIONS, PERMITS, REGISTRATION CERTIFICATES ORLICENCES OF ANY
KIND, ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT & GOODS (IF ANY) &
ALL OTHER FIXTURES, FITTINGS, PLANT & MACHINERY & BY WAY OF FLOATING
CHARGE ON OTHER MOVEABLE PLANT, MACHINERY, FURNITURE, EQUIPMENT, GOODS &
OTHER EFFECTS WHICH ARE FROM TIME TO TIME ON THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
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|
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Date Charge Registered: |
29/01/09 |
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Date Charge Satisfied: |
03/10/14 |
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|
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Status: |
SATISFIED |
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Person(s) Entitled: |
CLYDESDALE BANK PUBLIC LIMITED COMPANY; |
||
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Amount Secured: |
|
||
|
Details: |
L/H PROPERTY K/A 75 FORE STREET SALCOMBE DEVON ASSIGNS THE GOODWILL OF
ALL BUSINESSES, FROM TIME TO TIME CARRIED ON AT THE PROPERTY, WITH THE BENEFIT
OF ALL AUTHORISATIONS, PERMITS, REGISTRATION CERTIFICATES OR LICENCES OF ANY
KIND, ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT & GOODS (IF ANY) &
ALL OTHER FIXTURES, FITTINGS, PLANT & MACHINERY & BY WAY OF FLOATING
CHARGE ON OTHER MOVEABLE PLANT, MACHINERY, FURNITURE, EQUIPMENT, GOODS &
OTHER EFFECTS WHICH ARE FROM TIME TO TIME ON THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
|
|
|
Date Charge Registered: |
29/01/09 |
|
|
|
Date Charge Satisfied: |
12/01/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLYDESDALE BANK PUBLIC LIMITED COMPANY |
||
|
Amount Secured: |
|
||
|
Details: |
1 CHURCH STREET FALMOUTH T/NO CL114899 ASSIGNS THE GOODWILL OF ALL BUSINESSES,
FROM TIME TO TIME CARRIED ON AT THE PROPERTY, WITH THE BENEFIT OF ALL
AUTHORISATIONS, PERMITS, REGISTRATION CERTIFICATESOR LICENCES OF ANY KIND,
ALSO BY WAY OFFIXED CHARGE THE EQUIPMENT & GOODS (IF ANY) & ALL OTHER
FIXTURES, FITTINGS, PLANT & MACHINERY & BY WAY OF FLOATING CHARGE ON
OTHER MOVEABLE PLANT, MACHINERY, FURNITURE, EQUIPMENT, GOODS & OTHER
EFFECTS WHICH ARE FROM TIME TO TIME ON THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
|
|
|
Date Charge Registered: |
29/01/09 |
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|
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Date Charge Satisfied: |
03/10/14 |
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|
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Status: |
SATISFIED |
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Person(s) Entitled: |
CLYDESDALE BANK PUBLIC LIMITED COMPANY; |
||
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Amount Secured: |
|
||
|
Details: |
L/H PROPERTY K/A GROUND FLOOR 15/16 FORE STREET, SALCOMBE, DEVON. AND
ANY PROCEEDS OF SALE THEREOF |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
|
|
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Date Charge Registered: |
29/01/09 |
|
|
|
Date Charge Satisfied: |
12/01/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLYDESDALE BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
PROPERTY K/A 6 AND 7 DUKE STREET, TRURUT/NO CL117468 ASSIGNS THE GOODWILL
OF ALL BUSINESSES, FROM TIME TO TIME CARRIEDON AT THE PROPERTY, WITH THE
BENEFIT OFALL AUTHORISATIONS, PERMITS, REGISTRATION CERTIFICATES OR LICENCES
OF ANY KIND,ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT & GOODS (IF ANY)
& ALLOTHER FIXTURES, FITTINGS, PLANT & MACHINERY & BY WAY OF
FLOATING CHARGE ON OTHER MOVEABLE PLANT, MACHINERY, FURNITURE, EQUIPMENT,
GOODS & OTHER EFFECTS WHICH ARE FROM TIME TOTIME ON THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
23/01/09 |
|
|
|
Date Charge Registered: |
29/01/09 |
|
|
|
Date Charge Satisfied: |
12/01/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLYDESDALE BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
11 FORE STREET FOWEY T/NO CL30619 ASSIGNS THE GOODWILL OF ALL
BUSINESSES, FROM TIME TO TIME CARRIEDON AT THE PROPERTY,WITH THE BENEFIT OF
ALL AUTHORISATIONS,PERMITS, REGISTRATION CERTIFICATES OR LICENCES OF ANY
KIND, ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT & GOODS (IF ANY) &
ALL OTHER FIXTURES, FITTINGS, PLANT & MACHINERY & BY WAY OF FLOATING
CHARGE ONOTHER MOVEABLE PLANT, MACHINERY, FURNITURE,EQUIPMENT, GOODS &
OTHER EFFECTS WHICH ARE FROM TIME TO TIME ON THE PROPERTY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/01/09 |
|
|
|
Date Charge Registered: |
24/01/09 |
|
|
|
Date Charge Satisfied: |
03/10/14 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLYDESDALE BANK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
30/05/08 |
|
|
|
Date Charge Registered: |
14/06/08 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PROPERTY K/A 75 FORE STREET SALCOMBE DEVON T/NO DN283804 WITH THE
BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENTDEPOSITS, CONTRACTS, DEEDS
UNDERTAKINGS& WARRANTIES RELATING TO THE PROPERTY. ANYSHARES OR
MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF
ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL &
OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN
RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OFTHE
PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
17/01/03 |
|
|
|
Date Charge Registered: |
28/01/03 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
THE F/H PROPERTY K/A 9-11 FORE STREET FOWEY WITH THE BENEFIT OF ALL
RIGHTS LICENCES GUARANTEES RENTDEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND
WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY
MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO
TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY
LEASE LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL
OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
15/03/01 |
|
|
|
Date Charge Registered: |
17/03/01 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
6 DUKE STREET TRURO CORNWALL T/NO: CL117468 WITH THE BENEFIT OF ALL
RIGHTS LICENCES GUARANTEES RENTDEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES
RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT
COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME
CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE
LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER
PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
26/11/99 |
|
|
|
Date Charge Registered: |
07/12/99 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
2 CHURCH STREET FALMOUTH CORNWALL WITH THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES
RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT
COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME
CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE
LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER
PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
08/11/99 |
|
|
|
Date Charge Registered: |
09/11/99 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
PROPERTY AT 4 FORE STREET CORNWALL (FREEHOLD) WITH THE BENEFIT OF ALL
RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES
RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT
COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIMECARRIED
ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE
OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS
WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
14/09/99 |
|
|
|
Date Charge Registered: |
16/09/99 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY K/A 1 CHURCH STREET FALMOUTH CORNWALL WITH THE BENEFIT OF
ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND
WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY
MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME
TOTIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY
LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL
OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
03/09/99 |
|
|
|
Date Charge Registered: |
17/09/99 |
|
|
|
Date Charge Satisfied: |
19/02/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
CHADWICK BROTHERS LTD |
GBP |
168,110 |
ORDINARY A |
1 |
|
CHADWICK BROTHERS LTD |
GBP |
54,458 |
ORDINARY B |
5 |
|
CHADWICK BROTHERS LTD |
GBP |
24,465 |
REDEEMABLE PREFERENCE |
20 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
CHADWICK BROTHERS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
CHADWICK BROTHERS LIMITED |
Group structure
|
Company Name |
Registered
Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
04512575 |
31.01.2014 |
Y |
£21,333,533 |
|
|
03878947 |
31.01.2014 |
N |
|
|
|
02259954 |
31.01.2014 |
N |
£21,333,533 |
|
|
03936068 |
31.01.2014 |
N |
|
CHADWICK
BROTHERS LIMITED FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£21,333,533 |
33.8% |
£15,939,956 |
40.5% |
£11,341,361 |
22.2% |
£9,281,459 |
20.9% |
£7,677,342 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£10,300,472 |
23.8% |
£8,318,184 |
35.3% |
£6,147,640 |
31.3% |
£4,680,890 |
16.5% |
£4,019,067 |
|
Gross Profit |
£11,033,061 |
44.8% |
£7,621,772 |
46.7% |
£5,193,721 |
12.9% |
£4,600,569 |
25.8% |
£3,658,275 |
|
Wages & Salaries |
£4,534,950 |
28% |
£3,543,184 |
27.8% |
£2,773,438 |
16.2% |
£2,387,071 |
33.1% |
£1,793,146 |
|
Directors Emoluments |
£377,999 |
-8.6% |
£413,683 |
39.4% |
£296,817 |
-32.2% |
£437,515 |
72.2% |
£254,059 |
|
Operating Profit |
£2,198,781 |
89.7% |
£1,159,372 |
192.4% |
£396,478 |
-44.6% |
£715,885 |
-24% |
£941,956 |
|
Depreciation |
£411,978 |
31.7% |
£312,860 |
32.8% |
£235,674 |
5.3% |
£223,807 |
-2.9% |
£230,433 |
|
Audit Fees |
£10,000 |
14.9% |
£8,700 |
4.8% |
£8,300 |
2.5% |
£8,100 |
68.8% |
£4,800 |
|
Interest Payments |
£46,015 |
59.7% |
£28,810 |
160.1% |
£11,077 |
-67% |
£33,529 |
-59.7% |
£83,275 |
|
Pre Tax Profit |
£2,152,782 |
90.4% |
£1,130,649 |
193.2% |
£385,576 |
215.8% |
-£333,045 |
-138.8% |
£858,854 |
|
Taxation |
-£520,778 |
-133.4% |
-£223,089 |
-124.8% |
-£99,226 |
53.2% |
-£211,944 |
9.8% |
-£234,974 |
|
Profit After Tax |
£1,632,004 |
79.8% |
£907,560 |
216.9% |
£286,350 |
152.5% |
-£544,989 |
-187.4% |
£623,880 |
|
Dividends Payable |
£150,000 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£1,482,004 |
63.3% |
£907,560 |
216.9% |
£286,350 |
152.5% |
-£544,989 |
-187.4% |
£623,880 |
Balance Sheet
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Tangible Assets |
£2,021,731 |
19.9% |
£1,686,339 |
33.1% |
£1,266,612 |
22.6% |
£1,032,889 |
-67.7% |
£3,196,532 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£2,021,731 |
19.9% |
£1,686,339 |
33.1% |
£1,266,612 |
22.6% |
£1,032,889 |
-67.7% |
£3,196,532 |
|
Stock |
£5,493,940 |
25.8% |
£4,366,341 |
22.9% |
£3,553,743 |
29.3% |
£2,747,514 |
36.5% |
£2,012,638 |
|
Trade Debtors |
£950,158 |
30.7% |
£726,832 |
135.9% |
£308,123 |
91.5% |
£160,915 |
-34% |
£243,719 |
|
Cash |
£719,621 |
31% |
£549,348 |
999.9% |
£44,398 |
-93.8% |
£718,236 |
399.2% |
£143,884 |
|
Other Debtors |
£225,688 |
-7.9% |
£244,998 |
-18.1% |
£298,969 |
-1% |
£302,014 |
52.4% |
£198,217 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£7,389,407 |
25.5% |
£5,887,519 |
40% |
£4,205,233 |
7% |
£3,928,679 |
51.2% |
£2,598,458 |
|
Trade Creditors |
£1,865,783 |
31.1% |
£1,422,886 |
7.7% |
£1,321,382 |
40.4% |
£941,431 |
38.4% |
£680,348 |
|
Bank Loans & Overdrafts |
£713,760 |
999.9% |
£63,658 |
-89.9% |
£628,939 |
-7.1% |
£676,956 |
705.4% |
£84,055 |
|
Other Short Term Finance |
£163,630 |
86.8% |
£87,581 |
999.9% |
£3,940 |
-50.7% |
£7,984 |
94.9% |
£4,097 |
|
Miscellaneous Current Liabilities |
£950,517 |
26.4% |
£752,235 |
75.1% |
£429,577 |
-8.1% |
£467,543 |
12% |
£417,272 |
|
Total Current Liabilities |
£3,693,690 |
58.8% |
£2,326,360 |
-2.4% |
£2,383,838 |
13.8% |
£2,093,914 |
76.6% |
£1,185,772 |
|
Bank Loans & Overdrafts and LTL |
£1,191,105 |
-23.3% |
£1,553,057 |
79.3% |
£866,407 |
-11.6% |
£980,421 |
-38.1% |
£1,584,094 |
|
Other Long Term Finance |
£194,963 |
74.4% |
£111,770 |
-35.3% |
£172,770 |
-26.9% |
£236,440 |
-4.1% |
£246,471 |
|
Total Long Term Liabilities |
£477,345 |
-68% |
£1,489,399 |
527.2% |
£237,468 |
-21.7% |
£303,465 |
-79.8% |
£1,500,039 |
Capital &
Reserves
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Called Up Share Capital |
£929,700 |
- |
£929,700 |
- |
£929,700 |
- |
£929,700 |
89.9% |
£489,672 |
|
P & L Account Reserve |
£4,310,403 |
52.4% |
£2,828,399 |
47.2% |
£1,920,839 |
17.5% |
£1,634,489 |
19.4% |
£1,368,540 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
-100% |
£810,939 |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
-100% |
£440,028 |
|
Shareholder Funds |
£5,240,103 |
39.4% |
£3,758,099 |
31.8% |
£2,850,539 |
11.2% |
£2,564,189 |
-17.5% |
£3,109,179 |
Other Financial
Items
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Net Worth |
£5,240,103 |
39.4% |
£3,758,099 |
31.8% |
£2,850,539 |
11.2% |
£2,564,189 |
-17.5% |
£3,109,179 |
|
Working Capital |
£3,695,717 |
3.8% |
£3,561,159 |
95.5% |
£1,821,395 |
-0.7% |
£1,834,765 |
29.9% |
£1,412,686 |
|
Total Assets |
£9,411,138 |
24.3% |
£7,573,858 |
38.4% |
£5,471,845 |
10.3% |
£4,961,568 |
-14.4% |
£5,794,990 |
|
Total Liabilities |
£4,171,035 |
9.3% |
£3,815,759 |
45.6% |
£2,621,306 |
9.3% |
£2,397,379 |
-10.7% |
£2,685,811 |
|
Net Assets |
£5,240,103 |
39.4% |
£3,758,099 |
31.8% |
£2,850,539 |
11.2% |
£2,564,189 |
-17.5% |
£3,109,179 |
Cash Flow
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
£474,306 |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
-100% |
£233,402 |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
-£59,750 |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
£173,652 |
Miscellaneous
|
Date Of Accounts |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£5,717,448 |
9% |
£5,247,498 |
69.9% |
£3,088,007 |
7.7% |
£2,867,654 |
-37.8% |
£4,609,218 |
|
Number of Employees |
269 |
25.7% |
214 |
15.7% |
185 |
13.5% |
163 |
38.1% |
118 |
|
Auditors |
WALKER MOYLE |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/01/14 |
31/01/13 |
31/01/12 |
31/01/11 |
31/01/10 |
|
Pre-tax profit margin % |
10.09 |
7.09 |
3.40 |
-3.59 |
11.19 |
|
Current ratio |
2 |
2.53 |
1.76 |
1.88 |
2.19 |
|
Sales/Net Working Capital |
5.77 |
4.48 |
6.23 |
5.06 |
5.43 |
|
Gearing % |
22.70 |
41.30 |
30.40 |
38.20 |
50.90 |
|
Equity in % |
55.70 |
49.60 |
52.10 |
51.70 |
53.70 |
|
Creditor Days |
31.83 |
32.49 |
42.40 |
36.92 |
32.25 |
|
Debtor Days |
16.21 |
16.59 |
9.88 |
6.31 |
11.55 |
|
Liquidity/Acid Test |
0.51 |
0.65 |
0.27 |
0.56 |
0.49 |
|
Return On Capital Employed % |
37.65 |
21.54 |
12.48 |
-11.61 |
18.63 |
|
Return On Total Assets Employed % |
22.87 |
14.92 |
7.04 |
-6.71 |
14.82 |
|
Current Debt Ratio |
0.70 |
0.61 |
0.83 |
0.81 |
0.38 |
|
Total Debt Ratio |
0.79 |
1.01 |
0.91 |
0.93 |
0.86 |
|
Stock Turnover Ratio % |
25.75 |
27.39 |
31.33 |
29.60 |
26.21 |
|
Return on Net Assets Employed % |
41.08 |
30.08 |
13.52 |
-12.98 |
27.62 |
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 |
£656 |
|
Company Name |
Amount |
Statement Date |
|
Free Earth Limited |
£656 |
22/12/2010 |
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
11/09/2014 |
New Accounts Filed |
|
|
11/09/2014 |
New Accounts Filed |
|
|
04/07/2014 |
Mr M.J. Simpson has left the board |
|
|
17/12/2013 |
Annual Returns |
|
|
06/11/2013 |
New Accounts Filed |
|
|
26/07/2013 |
Mrs F.J. Burgess has left the board |
|
|
04/06/2013 |
Change in Reg.Office |
|
|
04/06/2013 |
Change of Company Postcode |
|
|
21/03/2013 |
New Board Member Mr M.J. Simpson appointed |
|
|
14/03/2013 |
New Board Member Mr M. Simpson appointed |
|
|
27/12/2012 |
Annual Returns |
|
|
07/12/2012 |
Mr A.N. Green has left the board |
|
|
21/07/2012 |
New Accounts Filed |
|
|
21/07/2012 |
New Accounts Filed |
|
|
03/12/2011 |
Annual Returns |
|
Previous Company
Names
|
Date |
Previous Name |
|
15/08/2007 |
GENERAL CLOTHING STORES LIMITED |
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period increased 33.8% on the previous
trading period. |
|
Net Worth increased by 39.4% during the latest trading period. |
|
A 24.3% growth in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits increased by 90.4% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 31% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company has changed its registered address recently. |
|
The company was established over 26 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.32 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.