MIRA INFORM REPORT

 

 

Report No. :

315159

Report Date :

01.04.2015

 

IDENTIFICATION DETAILS

 

Name :

MARTON MILLS COMPANY LIMITED

 

 

Registered Office :

Pool Mills, Pool-In-Wharfedale Otley LS21 1TA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.12.1931

 

 

Com. Reg. No.:

00260993

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Weaving of textiles

 

 

No of Employees :

Not Available

 

 

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 :

Small Company

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

Company name & address

 

Company Name:           MARTON MILLS COMPANY LIMITED

Company No:                00260993

 

Registered Address:      POOL MILLS

POOL-IN-WHARFEDALE

OTLEY LS21 1TA

 

 

Company Summary

 

 

Registered Address

POOL MILLS
POOL-IN-WHARFEDALE
OTLEY
LS21 1TA

Trading Address

Pool Road
Pool In Wharfedale
Otley
West Yorkshire
LS21 1TA

Website Address

http://www.martonmills.co.uk

 

 

Telephone Number

01132843364

Fax Number

 

TPS

No

FPS

No

Incorporation Date

10/12/1931

 

 

Previous Name

 

Type

Private limited with Share Capital

 

 

FTSE Index

--

Date of Change

--

Filing Date of Accounts

07/04/2014

Currency

GBP

Share Capital

£668,293

SIC07

13200

Charity Number

--

SIC07 Description

WEAVING OF TEXTILES

Principal Activity

Cotton-type and worsted-type weaving.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/12/2013

-

-

£2,650,054

-

31/12/2012

-

-

£2,453,312

-

31/12/2011

-

-

£2,296,012

-

 

 

Mortgage Summary

 

Total Mortgage                          10

Outstanding                              9

Satisfied                                   1

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   9

Total Value of Documented Trade                      £13,079

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

This company has only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

 

 

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 -

-

 

 

Payment Information

 

Average Invoice Value

83.75

Invoices available

277

Paid

228

Outstanding

49

 

 

Total Current Directors

8

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Carolyn Mary Watts

Date of Birth

01/10/1947

Officers Title

Ms

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

21/03/1992

Address

Oakfield Moor Lane, Burley-In-Wharfedale, Ilkley, West Yorkshire, LS29 7AF

 

Name

Duncan Richard Watts

Date of Birth

03/12/1941

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

21/03/1992

Address

Oakfield Moor Lane, Burley-In-Wharfedale, Ilkley, West Yorkshire, LS29 7AF

 

Name

Richard Lacy Watts

Date of Birth

14/02/1975

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

09/03/2000

Address

13 Hereford Road, Harrogate, North Yorkshire, HG1 2NP

 

Name

Francis Ian Dodson

Date of Birth

05/05/1973

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

24/02/2005

Address

14 Greystone Close, Burley In Wharfedale, Ilkley, West Yorkshire, LS29 7RS

 

Name

Robert Finlay Muirhead

Date of Birth

30/09/1950

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

24/02/2005

Address

16 Cliffe Lane South, Baildon, Bradford, West Yorkshire, BD17 5LB

 

Name

Laura Catherine Fletcher

Date of Birth

10/06/1976

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

09/03/2007

Address

23 Pannal Ash Grove, Harrogate, North Yorkshire, HG2 0HY

 

Name

Lee Hewitt

Date of Birth

04/11/1965

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

11/03/2009

Address

61 Swincar Avenue, Yeadon, Leeds, West Yorkshire, LS19 7PF

 

Name

Ben James Fearnley

Date of Birth

18/07/1983

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

27/03/2014

Address

Pool Mills, Pool-In-Wharfedale, Otley, West Yorkshire, LS21 1TA

 

 

Current Company Secretary

 

Name

Carolyn Mary Watts

Date of Birth

01/10/1947

Officers Title

Ms

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

21/03/1992

Address

Oakfield Moor Lane, Burley-In-Wharfedale, Ilkley, West Yorkshire, LS29 7AF

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

R.L. WATTS

GBP

172,600

ORDINARY

1

25.83

LAURA FLETCHER

GBP

129,174

ORDINARY

1

19.33

C.M. WATTS

GBP

120,000

ORDINARY

1

17.96

D.R. WATTS

GBP

120,000

ORDINARY

1

17.96

B.J. FEARNLEY

GBP

77,500

ORDINARY

1

11.6

C.M. WATTS

GBP

17,562

DEFERRED ORDINARY

1

2.63

D.R. WATTS

GBP

15,125

DEFERRED ORDINARY

1

2.26

FRANCIS IAN DODSON

GBP

8,850

ORDINARY

1

1.32

B.J. FEARNLEY

GBP

7,313

DEFERRED ORDINARY

1

1.09

ROBERT FINLAY MUIRHEAD

GBP

169

ORDINARY

1

0.03

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£78,738

-6.4%

£84,087

-15%

£98,974

-1%

£99,997

0.6%

£99,428

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£1,233,575

-2.7%

£1,268,432

-3.5%

£1,314,143

-29.2%

£1,855,546

-1.7%

£1,888,525

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,233,575

-2.7%

£1,268,432

-3.5%

£1,314,143

-29.2%

£1,855,546

-1.7%

£1,888,525

Stock

£1,630,737

2.9%

£1,585,119

-5.2%

£1,672,936

11.3%

£1,502,665

8.4%

£1,386,166

Trade Debtors

£1,374,534

2.9%

£1,336,234

4.2%

£1,281,791

26.9%

£1,010,264

8.5%

£930,843

Cash

£706

71.4%

£412

126.4%

£182

102.2%

£90

-26.8%

£123

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,005,977

2.9%

£2,921,765

-1.1%

£2,954,909

17.6%

£2,513,019

8.5%

£2,317,132

Trade Creditors

£1,104,423

2.1%

£1,081,451

-10.9%

£1,213,332

35.5%

£895,451

18%

£759,063

Bank Loans & Overdrafts

£248,427

-16.3%

£296,832

4.1%

£285,195

-30.1%

£407,993

5.2%

£387,680

Other Short Term Finance

£1,772

-55.4%

£3,971

1.4%

£3,917

-

0

-100%

£76,599

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£1,354,622

-2%

£1,382,254

-8%

£1,502,444

15.3%

£1,303,444

6.5%

£1,223,342

Bank Loans & Overdrafts and LTL

£483,303

-25.8%

£651,463

-13.8%

£755,791

-9.3%

£833,510

-2%

£850,771

Other Long Term Finance

0

-100%

£1,772

-68.9%

£5,689

-

0

-

0

Total Long Term Liabilities

£234,876

-33.8%

£354,631

-24.6%

£470,596

10.6%

£425,517

-8.1%

£463,091

 

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£668,293

-

£668,293

-

£668,293

-

£668,293

-0.1%

£668,900

P & L Account Reserve

£1,914,551

11.5%

£1,717,809

10.1%

£1,560,509

11.8%

£1,395,309

10.4%

£1,264,211

Revaluation Reserve

-

-

-

-

-

-100%

£508,792

-2.1%

£519,510

Sundry Reserves

£67,210

-

£67,210

-

£67,210

-

£67,210

0.9%

£66,603

Shareholder Funds

£2,650,054

8%

£2,453,312

6.9%

£2,296,012

-13%

£2,639,604

4.8%

£2,519,224

 

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£2,650,054

8%

£2,453,312

6.9%

£2,296,012

-13%

£2,639,604

4.8%

£2,519,224

Working Capital

£1,651,355

7.3%

£1,539,511

6%

£1,452,465

20.1%

£1,209,575

10.6%

£1,093,790

Total Assets

£4,239,552

1.2%

£4,190,197

-1.8%

£4,269,052

-2.3%

£4,368,565

3.9%

£4,205,657

Total Liabilities

£1,589,498

-8.5%

£1,736,885

-12%

£1,973,040

14.1%

£1,728,961

2.5%

£1,686,433

Net Assets

£2,650,054

8%

£2,453,312

6.9%

£2,296,012

-13%

£2,639,604

4.8%

£2,519,224

 

 

Cash Flow

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£2,884,930

2.7%

£2,807,943

1.5%

£2,766,608

-9.7%

£3,065,121

2.8%

£2,982,315

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

HAINES WATTS LEEDS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.22

2.11

1.97

1.93

1.89

Sales/Net Working Capital

-

-

-

-

-

Gearing %

18.20

26.60

32.90

31.60

33.80

Equity in %

62.50

58.50

53.80

60.40

59.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.01

0.96

0.85

0.77

0.76

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.51

0.56

0.65

0.49

0.48

Total Debt Ratio

0.59

0.70

0.85

0.65

0.66

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

06/05/2014

Annual Returns

05/05/2014

Ms E.J. Fearnley has left the board

05/05/2014

New Board Member Mr B.J. Fearnley appointed

18/04/2014

New Accounts Filed

18/04/2014

New Accounts Filed

20/04/2013

New Accounts Filed

20/04/2013

New Accounts Filed

08/04/2013

Annual Returns

16/04/2012

Annual Returns

03/04/2012

New Accounts Filed

30/03/2012

Change in Reg. Office

30/03/2012

Change of Company Postcode

10/09/2011

New Accounts Filed

08/09/2011

Change in Reg. Office

08/09/2011

Change of Company Postcode

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group structure

 

No group structure

 

 

Mortgage Details

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

21/04/08

Date Charge Registered:

07/05/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND ANDREW DAVID SEAL, JEREMY CHARLES SEAL, JAYNE STEPHANIE LONGBOTTOMAND EBOR TRUSTEES AS THE TRUSTEES OF THE SIL DIRECTORS PENSION SCHEME ON ANY ACCOUNT WHATSOEVER

Details:

ROYD WORKS ROYD LANE KEIGHLEY T/N WYK 252082 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TOTIME CARRIED ON ATTHE 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 OF THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

21/04/08

Date Charge Registered:

07/05/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

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:

ROYD WORKS ROYD LANE KEIGHLEY T/N WYK 252082 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TOTIME CARRIED ON ATTHE 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 OF THE PROPERTY

 

Mortgage Type:

CHATTELS MORTGAGE

Date Charge Created:

22/12/03

Date Charge Registered:

23/12/03

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED

Amount Secured:

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

Details:

ALL AND SINGULAR THE CHATTELS PLANT MACHINERY AND ITEMS LISTED BELOW OR ANY PART THEREOF - 1X SULZERG6200 W220 N8SP TEXTIL RAPIER WEAVING MACHINE SERIAL NUMBER 006849

 

Mortgage Type:

CHATTELS MORTGAGE

Date Charge Created:

16/04/03

Date Charge Registered:

17/04/03

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Amount Secured:

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

Details:

ALL AND SINGULAR THE CHATTELS PLANT MACHINERY AND THINGS DESCRIBED IN THE SCHEDULE HERETO OR ANY PART THEREOF: SCHEDULE: 1 X SULZERS G6300 W 220 N 8 SP 20/20 TEXTIL RAPIER WEAVING MACHINE, S/NO. 41004620

 

Mortgage Type:

CHATTELS MORTGAGE

Date Charge Created:

02/10/02

Date Charge Registered:

03/10/02

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Amount Secured:

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

Details:

ALL AND SINGULAR THE CHATTELS PLANT MACHINERY AND THINGS DESCRIBED IN THE SCHEDULE :- 2 X SULZER G6300 W 220 N8/6 SP20/12 TEXTIL RAPIER WEAVING MACHINE S/NO.41003174 AND 41003175

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

12/07/96

Date Charge Registered:

13/07/96

Date Charge Satisfied:

-

Status:

OUTSTANDING

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:

THE LAND & BUILDINGS AT POOL ROAD POOL -IN-WHARFDALE WEST YORKS BENEFIT OF ALL RIGHTS LICENCES CONTRACTS DEEDS ASSIGNS GOODWILL SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

CHATTELS MORTGAGE

Date Charge Created:

28/04/89

Date Charge Registered:

02/05/89

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

FORWARD TRUST LIMITED

Amount Secured:

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

Details:

ALL & SINGULAR THE CHATTELS, PLANT MACHINERY & ITEMS DESCRIBED HERETO ONE NEW SULZER PROJECTILE WEAVING MACHINE P-7100 W190 W4 SP10/18 D1112890

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

01/04/85

Date Charge Registered:

04/04/85

Date Charge Satisfied:

-

Status:

OUTSTANDING

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:

FIRST FIXED CHARGE OVER ALL BOOK AND OTHER DEBTS FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

LETTER OF INSTRUCTION & CHARGE

Date Charge Created:

08/04/81

Date Charge Registered:

22/04/81

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ALL & ANY SUMS OF MONEY OWING OR BECOMING DUE TO THE COMPANY FROM GRIFFIN FACTORS LTD UNDER OR BY VIRTUE OF A FACTORINGAGREEMENT OF 19/12/80 OR ANY OTHER AGREEMENT BETWEEN THE COMPANY AND GRIFFIN FACTORS LIMITED

 

Mortgage Type:

CHARGE

Date Charge Created:

09/04/81

Date Charge Registered:

22/04/81

Date Charge Satisfied:

06/03/03

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:

FLOATING CHARGE ON THE(SEE DOC M107) UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL

 

 

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

9

£13,079

 

Company Name

Amount

Statement Date

Firstneat Ltd

£5,456

27/11/2013

Tor Designs & Marketing Limited

£2,207

10/09/2010

Light And Boston Ltd

£1,198

26/09/2012

Maybury Textiles Limited

£1,120

28/01/2011

The Christie Collection Limited

£1,082

24/09/2013

Bridal Wear (Cornwall) Ltd

£668

28/10/2010

Venice Corporatewear Limited

£665

09/10/2013

Bodyline Sportswear Limited

£487

08/12/2009

Waltex Clothing And Textiles Limited

£196

23/03/2010

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Lucie Wright

1

1

Adrian Robert Wilson

0

1

Elizabeth June Fearnley

1

1

Gordon Schofield

1

1

 

Average Invoice Value

£83.75

Invoices available

277

Paid

228

Outstanding

49

 

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

5

180

42

1

0

Outstanding

30

18

0

0

1

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.59

UK Pound

1

Rs. 92.45

Euro

1

Rs. 67.51

 

INFORMATION DETAILS

 

Analysis Done by :

KRN

 

 

Report Prepared by :

DPT

 

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.