|
Report No. : |
335347 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GIBSON CENTRI-TECH LIMITED |
|
|
|
|
Registered Office : |
Hilltop Workseastern Avenuelichfieldws13 6uy |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.11.2014 |
|
|
|
|
Date of Incorporation : |
11.06.1980 |
|
|
|
|
Com. Reg. No.: |
01501342 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
MANUFACTURE
OF METAL STRUCTURES AND PARTS OF STRUCTURES |
|
|
|
|
No. of Employee : |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
|
Source
: CIA |
GIBSON CENTRI-TECH LIMITED
01501342
HILLTOP WORKSEASTERN AVENUELICHFIELDWS13 6UY
Registered
Address
HILLTOP
WORKS
EASTERN AVENUE
LICHFIELD
WS13 6UY
Trading
Address
Hilltop
Works
Eastern Avenue
Lichfield
Staffordshire
WS13 6UY
Website
Address http://www.gibsoncentritech.co.uk
Telephone
Number 01543418701
Fax
Number
TPS Yes
FPS No
Incorporation
Date 11/06/1980
Previous
Name
Type Private limited with
Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts 08/07/2015
Currency GBP
Share
Capital £160,000
SIC07 25110
Charity
Number -
SIC07
Description
MANUFACTURE
OF METAL STRUCTURES AND PARTS OF STRUCTURES
Principal
Activity
The
manufacture of centrifugal and general casting machinery.
Year
to Date Turnover Pre Tax Profit Shareholder Funds
Employees
30/11/2014 - - £2,369,995 -
30/11/2013 - - £2,246,775 -
30/11/2012 - - £1,984,628 -
Total
Mortgage 3
Outstanding 3
Satisfied 0
Total
Number of Documented Trade 0
Total
Value of Documented Trade £0
|
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 represent a positive level in terms of the overall
outstanding creditor obligations. |
|
|
There
has been an increase in shareholders funds compared with the previous balance
sheet. |
|
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 - |
- |
|
Total
Current Directors |
3 |
|
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
4 |
|
Name |
Jean
Iris Gibson |
Date
of Birth |
11/06/1928 |
|
Officers
Title |
Mrs |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
10/01/2012 |
||
|
Address |
Hilltop
Works, Eastern Avenue, Lichfield, Staffordshire, WS13 6UY |
||
|
Name |
Martin
Douglas Gibson |
Date
of Birth |
08/05/1949 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
5 |
Function |
Director |
|
Appointment
Date |
15/12/1991 |
||
|
Address |
Hilltop
Works, Eastern Avenue, Lichfield, Staffordshire, WS13 6UY |
||
|
Name |
Stuart
James Gibson |
Date
of Birth |
13/09/1973 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
22/07/2005 |
||
|
Address |
Hilltop
Works, Eastern Avenue, Lichfield, Staffordshire, WS13 6UY |
||
|
Name |
Elizabeth
Anne Lockhart |
Date
of Birth |
- |
|
Officers
Title |
Mrs |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company
Secretary |
|
Appointment
Date |
22/06/2015 |
||
|
Address |
Hilltop
Works, Eastern Avenue, Lichfield, Staffordshire, WS13 6UY |
||
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
JEAN
IRIS GIBSON |
GBP |
80,000 |
ORDINARY |
1 |
50 |
|
MARTIN
DOUGLAS GIBSON |
GBP |
80,000 |
ORDINARY |
1 |
50 |
|
Date Of Accounts |
30/11/14 |
(%) |
30/11/13 |
(%) |
30/11/12 |
(%) |
30/11/11 |
(%) |
30/11/10 |
|
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 |
£21,612 |
65% |
£13,101 |
-28.4% |
£18,290 |
101.9% |
£9,057 |
25.9% |
£7,191 |
|
Audit Fees |
£4,250 |
-3.4% |
£4,400 |
- |
£4,400 |
- |
£4,400 |
- |
£4,400 |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
30/11/14 |
(%) |
30/11/13 |
(%) |
30/11/12 |
(%) |
30/11/11 |
(%) |
30/11/10 |
|
Tangible Assets |
£214,340 |
20.3% |
£178,190 |
3.9% |
£171,501 |
5.7% |
£162,182 |
14.2% |
£141,964 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£214,340 |
20.3% |
£178,190 |
3.9% |
£171,501 |
5.7% |
£162,182 |
14.2% |
£141,964 |
|
Stock |
£179,646 |
864.3% |
£18,630 |
-72.8% |
£68,530 |
-12.7% |
£78,506 |
821.2% |
£8,522 |
|
Trade Debtors |
£138,151 |
35.7% |
£101,793 |
-42% |
£175,559 |
30.2% |
£134,811 |
30.4% |
£103,359 |
|
Cash |
£3,121,367 |
-14.9% |
£3,669,776 |
5.5% |
£3,478,003 |
-3.1% |
£3,590,323 |
-3.5% |
£3,721,608 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
£5,000 |
- |
£5,000 |
- |
£5,000 |
- |
£5,000 |
- |
£5,000 |
|
Total Current Assets |
£3,444,164 |
-9.2% |
£3,795,199 |
1.8% |
£3,727,092 |
-2.1% |
£3,808,640 |
-0.8% |
£3,838,489 |
|
Trade Creditors |
£1,276,509 |
-25.9% |
£1,723,614 |
-9.8% |
£1,910,965 |
-10.5% |
£2,135,013 |
-3.1% |
£2,203,188 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£1,276,509 |
-25.9% |
£1,723,614 |
-9.8% |
£1,910,965 |
-10.5% |
£2,135,013 |
-3.1% |
£2,203,188 |
|
Bank Loans & Overdrafts and LTL |
£12,000 |
300% |
£3,000 |
- |
£3,000 |
-50% |
£6,000 |
200% |
£2,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£12,000 |
300% |
£3,000 |
- |
£3,000 |
-50% |
£6,000 |
200% |
£2,000 |
|
Date Of Accounts |
30/11/14 |
(%) |
30/11/13 |
(%) |
30/11/12 |
(%) |
30/11/11 |
(%) |
30/11/10 |
|
Called Up Share Capital |
£160,000 |
- |
£160,000 |
- |
£160,000 |
- |
£160,000 |
-20% |
£200,000 |
|
P & L Account Reserve |
£2,214,714 |
5.9% |
£2,091,494 |
14.3% |
£1,829,347 |
9.2% |
£1,674,528 |
6.3% |
£1,575,265 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
-£4,719 |
- |
-£4,719 |
- |
-£4,719 |
- |
-£4,719 |
- |
- |
|
Shareholder Funds |
£2,369,995 |
5.5% |
£2,246,775 |
13.2% |
£1,984,628 |
8.5% |
£1,829,809 |
3.1% |
£1,775,265 |
|
Date Of Accounts |
30/11/14 |
(%) |
30/11/13 |
(%) |
30/11/12 |
(%) |
30/11/11 |
(%) |
30/11/10 |
|
Net Worth |
£2,369,995 |
5.5% |
£2,246,775 |
13.2% |
£1,984,628 |
8.5% |
£1,829,809 |
3.1% |
£1,775,265 |
|
Working Capital |
£2,167,655 |
4.6% |
£2,071,585 |
14.1% |
£1,816,127 |
8.5% |
£1,673,627 |
2.3% |
£1,635,301 |
|
Total Assets |
£3,658,504 |
-7.9% |
£3,973,389 |
1.9% |
£3,898,593 |
-1.8% |
£3,970,822 |
-0.2% |
£3,980,453 |
|
Total Liabilities |
£1,288,509 |
-25.4% |
£1,726,614 |
-9.8% |
£1,913,965 |
-10.6% |
£2,141,013 |
-2.9% |
£2,205,188 |
|
Net Assets |
£2,369,995 |
5.5% |
£2,246,775 |
13.2% |
£1,984,628 |
8.5% |
£1,829,809 |
3.1% |
£1,775,265 |
|
Date
Of Accounts |
30/11/14 |
(%) |
30/11/13 |
(%) |
30/11/12 |
(%) |
30/11/11 |
(%) |
30/11/10 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
£2,381,995 |
5.9% |
£2,249,775 |
13.2% |
£1,987,628 |
8.3% |
£1,835,809 |
3.3% |
£1,777,265 |
|
Number
of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
HARBEN
BARKER LIMITED |
||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS
BANK PLC |
||||||||
|
Bank
Branch Code |
20-85-13 |
||||||||
|
Date
Of Accounts |
30/11/14 |
30/11/13 |
30/11/12 |
30/11/11 |
30/11/10 |
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
Current
ratio |
2.70 |
2.20 |
1.95 |
1.78 |
1.74 |
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
Gearing
% |
0.50 |
0.10 |
0.20 |
0.30 |
0.10 |
|
Equity
in % |
64.80 |
56.50 |
50.90 |
46.10 |
44.60 |
|
Creditor
Days |
- |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid
Test |
2.55 |
2.19 |
1.91 |
1.74 |
1.73 |
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current
Debt Ratio |
0.53 |
0.76 |
0.96 |
1.16 |
1.24 |
|
Total
Debt Ratio |
0.54 |
0.76 |
0.96 |
1.17 |
1.24 |
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return
on Net Assets Employed % |
- |
- |
- |
- |
- |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
|
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
|
|
Mortgage
Type: |
DEED
OF CHARGE OVER CREDIT BALANCES |
||
|
Date
Charge Created: |
16/09/96 |
||
|
Date
Charge Registered: |
20/09/96 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
FIXED
CHARGE OVER THE DEPOSITS IN CHARGED ACCOUNT WITH THE BANK RE:-GIBSON
CENTRI-TECH LIMITED BUSINESS PREMIUM ACCOUNTNO 80775827 SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
28/10/91 |
||
|
Date
Charge Registered: |
15/11/91 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
LAND
AND BUILDINGS ON THE NORTH EAST SIDE OF EASTERN AVE,STOWE,LICHFIELD,STAFFST/N
SF 288633 FORMERLEY SF 268517 |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
29/04/85 |
||
|
Date
Charge Registered: |
08/05/85 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
FIXED
AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY |
||
|
Name |
Current
Directorships |
Previous
Directorships |
|
Wendy
Elizabeth Watkins |
3 |
4 |
|
Wendy
Elizabeth Watkins |
3 |
4 |
|
Douglas
Samuel Gibson |
1 |
3 |
|
Douglas
Samuel Gibson |
1 |
3 |
|
Average
Invoice Value |
Ł1447.83 |
|
|
Invoices
available |
27 |
|
|
Paid |
26 |
|
|
Outstanding |
1 |
|
|
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 |
13 |
10 |
3 |
0 |
0 |
|
Outstanding |
0 |
0 |
1 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.