MIRA INFORM REPORT

 

 

Report Date :

15.09.2014              

 

IDENTIFICATION DETAILS

 

Name :

CHARLES LETTS & CO LIMITED

 

 

Registered Office :

Excel house (4th Floor 30 Semple Street Edinburgh EH3) 8BL 

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2013

 

 

Date of Incorporation :

08.11.1909

 

 

Com. Reg. No.:

SC007315

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Binding and related services

The publication of diaries from origin to sale

 

 

No. of Employees :

274

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct /

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

Source : CIA

 REGISTERED NAME & COMPANY SUMMARY

 

Company Name:                        CHARLES LETTS & CO LIMITED

Company No:                            SC007315

Company Status:                       Active - Accounts Filed

 

Company Name

CHARLES LETTS & CO LIMITED

Company Number

SC007315

 

Registered Address

Excel house (4th Floor 30 semple street Edinburgh EH3) 8BL 

Trading Address

4th Floor 30 semple street Edinburgh, Midlothian EH3 8BL

 

 

 

 

 

 

 

 

 

 

 

 

 

Website Address

www.letts.co.uk

 

 

Telephone Number

02074078891

 

 

TPS

-

 

 

Incorporation Date

08.11.1909

Company Status

Active - Accounts Filed

Previous Name

CHARLES LETTS (SCOTLAND) LIMITED

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

28.10.2013

 

 

Share Capital

£784,000

SIC03

 

Currency

GBP

SIC03 Description

 

SIC07

18140

SIC07 Description

Binding and related services

Principal Activity

The publication of diaries from origin to sale.

 

DIRECOTRS/MANAGEMENT

 

Current Directors

Name

Gordon James Donald Raw

Date of Birth

29/09/1962

Officers Title

Mr

Nationality

British

Present Appointments

38

Function

Director

Appointment Date

10/08/2000

 

 

Address

Charles Letts & Co. Limited Thornybank, Dalkeith, Midlothian, EH22 2NE

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Gordon Andrew Presly

Date of Birth

07/03/1960

Officers Title

Mr

Nationality

British

Present Appointments

32

Function

Director

Appointment Date

10/08/2000

 

 

Address

Charles Letts & Co. Limited, Thornybank, Dalkeith, Midlothian, EH22 2NE

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Harolde Savoy

Date of Birth

26/03/1959

Officers Title

Mr

Nationality

Canadian

Present Appointments

4

Function

Director

Appointment Date

08/11/2013

 

 

Address

Unit 3 Victoria Gardens, Burgess Hill, West Sussex, RH15 9NB

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Timothy Reginald Letts

3

6

John Martin Letts

1

7

William Joseph Swords

3

2

Norman Edward Mcquat Cuthbertson

0

1

Richard Harrison

1

84

Richard Harrison

1

84

David James Watts

0

2

Keith Taylor

0

8

Frederick James Moore

0

1

Graham James Bennington

0

31

Anthony Ashworth Letts

5

19

Peter John Casben

3

18

Peter John Casben

3

18

John Julian Davison

0

10

DM COMPANY SERVICES LIMITED

97

185

Reginald David Hall

0

4

William Hornby Gore

33

48

William Joseph Swords

12

4

Stephen Rodger Gavin Booth

1

45

 

Current Company Secretary

Name

MACROBERTS CORPORATE SERVICES LIMITED

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

15/05/2014

 

 

Address

Capella Building (10th Floor) 60 York Street, Glasgow, G2 8JX

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage                           17

Outstanding                               3

Satisfied                                    14

 

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 -

-

 

 

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

Mortgage Details

Mortgage Type:

 

Date Charge Created:

19/04/13

 

 

Date Charge Registered:

30/04/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

 

Date Charge Created:

19/04/13

 

 

Date Charge Registered:

25/04/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

PNC FINANCIAL SERVICES UK LTD;

Amount Secured:

 

Details:

ANY PATENTS, TRADEMARKS, SERVICE MARKS,DESIGNS, BUSINESS NAMES, COPYRIGHTS, DESIGN RIGHTS, MORAL RIGHTS, INVENTIONS...SEE FORM FOR FURTHER DETAILSCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

 

Date Charge Created:

19/04/13

 

 

Date Charge Registered:

04/05/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD;

Amount Secured:

 

Details:

CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKINGOF THE COMPANY.NOTIFICATION OF ADDITIONTO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

09/03/06

 

 

Date Charge Registered:

12/10/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

 

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

09/03/06

 

 

Date Charge Registered:

12/10/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

 

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

10/08/00

 

 

Date Charge Registered:

14/08/00

 

 

Date Charge Satisfied:

18/03/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

BOND & FLOATING CHARGE

Date Charge Created:

20/12/93

 

 

Date Charge Registered:

31/12/93

 

 

Date Charge Satisfied:

18/08/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

CHARLES LETTS GROUP LIMITED

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

DEBENTURE

Date Charge Created:

20/12/93

 

 

Date Charge Registered:

31/12/93

 

 

Date Charge Satisfied:

11/10/99

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

CHARLES LETTS GROUP LIMITED

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE BY THE COM

Details:

ALL FREEHOLD & LEASEHOLD PROPERTY, PLANT , MACHINERY ETC SEE COMPANIES HOUSE MICROFICHE

 

Mortgage Type:

DEBENTURE

Date Charge Created:

31/03/92

 

 

Date Charge Registered:

21/04/92

 

 

Date Charge Satisfied:

11/10/99

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HAMBROS BANK LTD

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

BOND & FLOATING CHARGE

Date Charge Created:

31/03/92

 

 

Date Charge Registered:

21/04/92

 

 

Date Charge Satisfied:

28/06/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HAMBROS BANK LIMITED

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

CHARGE

Date Charge Created:

31/03/92

 

 

Date Charge Registered:

21/04/92

 

 

Date Charge Satisfied:

11/10/99

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HAMBROS BANK LIMITED

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

A. ALL RIGHT TITLE AND INTEREST OF THE COMPANY.B. ALL BOOK DEBTS AND OTHER DEBTS THE SUBECT OF THE CHARGED DEEDS AS AND WHEN SHALL BECOME DUE OR OWING TO THE COMPANY UPON RE-VESTING IN THE COMPANY WHETHER PURSUANT TO THE CHARGED DEEDS OR OTHERWISE

 

Mortgage Type:

STANDARD SECURITY

Date Charge Created:

08/04/92

 

 

Date Charge Registered:

21/04/92

 

 

Date Charge Satisfied:

11/10/99

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HAMBROS BANK LIMITED

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

6 ACRES AND 4 DECIMAL AT THORNYBANK INDUSTRIAL ESTATE, THORNYBANK, NEAR DALKEITH AS RELATIVE TO DISPOSITION BY THE COUNTY COUNCIL IN FAVOUR OF THE COMPANY RECORDED GRS 280665.

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

28/02/89

 

 

Date Charge Registered:

17/03/89

 

 

Date Charge Satisfied:

26/05/92

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

25/01/89

 

 

Date Charge Registered:

01/02/89

 

 

Date Charge Satisfied:

08/05/90

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

STANDARD SECURITY

Date Charge Created:

31/01/89

 

 

Date Charge Registered:

01/02/89

 

 

Date Charge Satisfied:

29/04/92

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

6.4 AND 12.16 ACRES OF GROUND AT THORNYBANK INDUSTRIAL ESTATE, DALKEITH

 

Mortgage Type:

STANDARD SECURITY

Date Charge Created:

04/02/88

 

 

Date Charge Registered:

19/02/88

 

 

Date Charge Satisfied:

25/04/89

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

INVESTORS IN INDUSTRY PLC

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

FACTORY PREMISES AT THORNYBANK INDUSTRIAL ESTATE, THORNYBANK, NEAR DALKEITH

 

Mortgage Type:

STANDARD SECURITY

Date Charge Created:

04/02/88

 

 

Date Charge Registered:

18/02/88

 

 

Date Charge Satisfied:

25/04/89

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE

Details:

6.4 & 12.16 ACRES OF GROUND AT THORNYBANK INDUSTRIAL ESTATE, DALKEITH

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

CHARLES LETTS (HOLDINGS) LTD

GBP

784,000

ORDINARY

1

100

 

PAYMENT INFORMATION

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade                                 4

Total Value of Documented Trade                                    £3,178

 

 

Trade Payment Information

Average Invoice Value

695.88

Invoices available

212

Paid

188

Outstanding

24

 

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

4

£3,178

 

Company Name

Amount

Statement Date

Panache Promotions Ltd

£1,773

01/03/2011

Robertson Scaffolding Ltd

£736

14/03/2011

Get Carter Express Freight Limited

£383

16/09/2013

Roundhouse Computers Ltd

£286

22/05/2013

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

93

67

12

5

11

Outstanding

11

2

5

2

4

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Previous Company Names

Date

Previous Name

20/06/1994

CHARLES LETTS (SCOTLAND) LIMITED

 

Statistics

Group

32 companies

Linkages

1 companies

Countries

In 1 countries

 

Summary

Holding Company

CHARLES LETTS (HOLDINGS) LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

HSGP INVESTMENTS LTD

 

Group structure

Statistics

Group

32 companies

Linkages

1 companies

Countries

In 1 countries

 

Other Linked companies

Name

 

Number

Latest Key Financials

Turnover

FILOFAX AB FILIAL I FINLAND

 

10632183

-

 

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date          Turnover                 Pre Tax Profit               Shareholder       Funds Employees

31/01/2013            £21,900,000 -£73,000                        £7,373,000                    274

31/01/2012            £23,381,000 £1,042,000                    £7,416,000                    281

31/01/2011            £22,911,000 £921,000                       £6,630,000                    284

 

Profit & Loss

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£21,900,000

-6.3%

£23,381,000

2.1%

£22,911,000

-0.9%

£23,130,000

-6.5%

£24,736,000

Export

£5,771,000

-16.1%

£6,877,000

1.6%

£6,767,000

-5.7%

£7,174,000

-8.2%

£7,811,000

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

£8,476,000

-1.1%

£8,571,000

0.4%

£8,535,000

-4.1%

£8,898,000

-1.7%

£9,053,000

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£162,000

-84.9%

£1,070,000

13.8%

£940,000

-5.3%

£993,000

-50%

£1,986,000

Depreciation

£520,000

2.6%

£507,000

-5.4%

£536,000

0.4%

£534,000

20.3%

£444,000

Audit Fees

£27,000

-10%

£30,000

-3.2%

£31,000

10.7%

£28,000

21.7%

£23,000

Interest Payments

£22,000

-26.7%

£30,000

57.9%

£19,000

-26.9%

£26,000

-46.9%

£49,000

Pre Tax Profit

-£73,000

-107%

£1,042,000

13.1%

£921,000

-5.3%

£973,000

-49.8%

£1,939,000

Taxation

£29,000

110.7%

-£271,000

-3.8%

-£261,000

9.4%

-£288,000

48.8%

-£562,000

Profit After Tax

-£44,000

-105.7%

£771,000

16.8%

£660,000

-3.6%

£685,000

-50.3%

£1,377,000

Dividends Payable

-

-

-

-100%

£2,000,000

-

-

-

-

Retained Profit

-£44,000

-105.7%

£771,000

157.5%

-£1,340,000

-295.6%

£685,000

-50.3%

£1,377,000

 

 

Balance Sheet

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Tangible Assets

£23,870,000

-31.7%

£34,954,000

14.1%

£30,641,000

6.3%

£28,813,000

1.9%

£28,285,000

Intangible Assets

£30,000

-

0

-

0

-

0

-

0

Total Fixed Assets

£23,900,000

-31.6%

£34,954,000

14.1%

£30,641,000

6.3%

£28,813,000

1.9%

£28,285,000

Stock

£3,032,000

4.6%

£2,900,000

8.3%

£2,678,000

8.9%

£2,459,000

9.9%

£2,237,000

Trade Debtors

£1,920,000

13.6%

£1,690,000

-41.1%

£2,871,000

16.5%

£2,464,000

-8.2%

£2,685,000

Cash

£8,000

-98.6%

£573,000

-61.4%

£1,485,000

-43.9%

£2,648,000

311.8%

£643,000

Other Debtors

£319,000

1.9%

£313,000

9.8%

£285,000

-24.2%

£376,000

14.6%

£328,000

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£5,279,000

-3.6%

£5,476,000

-25.2%

£7,319,000

-7.9%

£7,947,000

34.9%

£5,893,000

Trade Creditors

£2,339,000

-30.6%

£3,372,000

56%

£2,162,000

28.6%

£1,681,000

-42.1%

£2,904,000

Bank Loans & Overdrafts

£87,000

-

0

-

0

-100%

£93,000

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

£2,019,000

10.6%

£1,826,000

13.6%

£1,608,000

-2.7%

£1,652,000

-11%

£1,856,000

Total Current Liabilities

£4,445,000

-14.5%

£5,198,000

37.9%

£3,770,000

10%

£3,426,000

-28%

£4,760,000

Bank Loans & Overdrafts and LTL

£17,448,000

-37.3%

£27,816,000

0.9%

£27,560,000

8%

£25,529,000

14.8%

£22,246,000

Other Long Term Finance

£17,144,000

-38.1%

£27,710,000

1.1%

£27,422,000

8.6%

£25,260,000

14.4%

£22,071,000

Total Long Term Liabilities

£17,361,000

-37.6%

£27,816,000

0.9%

£27,560,000

8.4%

£25,436,000

14.3%

£22,246,000

 

 

Capital & Reserves

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Called Up Share Capital

£784,000

-

£784,000

-

£784,000

-

£784,000

-

£784,000

P & L Account Reserve

£6,267,000

-0.7%

£6,311,000

13.9%

£5,540,000

-19.5%

£6,880,000

11.1%

£6,195,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£322,000

0.3%

£321,000

4.9%

£306,000

30.8%

£234,000

21.2%

£193,000

Shareholder Funds

£7,373,000

-0.6%

£7,416,000

11.9%

£6,630,000

-16.1%

£7,898,000

10.1%

£7,172,000

 

 

Other Financial Items

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Net Worth

£7,343,000

-1%

£7,416,000

11.9%

£6,630,000

-16.1%

£7,898,000

10.1%

£7,172,000

Working Capital

£834,000

200%

£278,000

-92.2%

£3,549,000

-21.5%

£4,521,000

299%

£1,133,000

Total Assets

£29,179,000

-27.8%

£40,430,000

6.5%

£37,960,000

3.3%

£36,760,000

7.6%

£34,178,000

Total Liabilities

£21,806,000

-33.9%

£33,014,000

5.4%

£31,330,000

8.6%

£28,862,000

6.9%

£27,006,000

Net Assets

£7,373,000

-0.6%

£7,416,000

11.9%

£6,630,000

-16.1%

£7,898,000

10.1%

£7,172,000

 

 

Cash Flow

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£24,734,000

-29.8%

£35,232,000

3%

£34,190,000

2.6%

£33,334,000

13.3%

£29,418,000

Number of Employees

274

-2.5%

281

-1.1%

284

-6.6%

304

-9%

334

Auditors

ERNST & YOUNG LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

ROYAL BANK OF SCOTLAND

Bank Branch Code

83-06-08

 

Ratios

Date Of Accounts

31/01/13

31/01/12

31/01/11

31/01/10

31/01/09

Pre-tax profit margin %

-0.33

4.46

4.02

4.21

7.84

Current ratio

1.19

1.05

1.94

2.32

1.24

Sales/Net Working Capital

26.26

84.10

6.46

5.12

21.83

Gearing %

236.60

375.10

415.70

323.20

310.20

Equity in %

25.30

18.30

17.50

21.50

21

Creditor Days

38.87

52.49

34.34

26.45

42.73

Debtor Days

31.91

26.31

45.61

38.77

39.51

Liquidity/Acid Test

0.50

0.49

1.23

1.60

0.76

Return On Capital Employed %

-0.29

2.95

2.69

2.91

6.59

Return On Total Assets Employed %

-0.25

2.57

2.42

2.64

5.67

Current Debt Ratio

0.60

0.70

0.56

0.43

0.66

Total Debt Ratio

2.95

4.45

4.72

3.65

3.76

Stock Turnover Ratio %

13.84

12.40

11.68

10.63

9.04

Return on Net Assets Employed %

-0.99

14.05

13.89

12.31

27.03

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 170 enquiries in the last 12 months.

There are an average of 14 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

13

63

109

Show more

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

19

 

Status History

No Status History found

 

Event History

Date

Description

19/05/2014

Change in Reg.Office

19/05/2014

Change of Company Postcode

19/05/2014

DM COMPANY SERVICES (LONDON) LIMITE has resigned as company secretary

19/05/2014

New Company Secretary MACROBERTS CORPORATE SERVICES LIMIT appointed

27/11/2013

Annual Returns

12/11/2013

New Board Member Mr H. Savoy appointed

05/11/2013

New Accounts Filed

06/12/2012

Annual Returns

05/11/2012

New Accounts Filed

05/12/2011

Annual Returns

21/10/2011

New Accounts Filed

29/11/2010

Annual Returns

25/10/2010

New Accounts Filed

25/10/2010

New Accounts Filed

28/12/2009

Annual Returns

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

Net Worth decreased by 1% during the latest trading period.

The audit report contains no adverse comments.

 

There has been no significant change in the company's credit rating.

A 27.8% decline in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 107% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 98.6% during the latest trading period.

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 104 years ago.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.84

UK Pound

1

Rs.98.72

Euro

1

Rs.78.64

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

PDT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

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.