|
Report No. : |
354264 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MURRAY HOGARTH COMPANY LIMITED |
|
|
|
|
Formerly Known As : |
SAGEBURN LIMITED |
|
|
|
|
Registered Office : |
6 Tweed Mill Dunsdale
Road Selkirk Td7 5dz |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.01.2015 |
|
|
|
|
Date of Incorporation : |
24.06.1999 |
|
|
|
|
Com. Reg. No.: |
SC197536 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
Employees: |
Not Available |
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 : |
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 – 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 has been a net importer of energy since 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 6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
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).
|
Source
: CIA |
Company Name: MURRAY HOGARTH COMPANY LIMITED
Company No: SC197536
Company Status: Active - Accounts Filed
Registered Address: 6 TWEED MILL DUNSDALE ROAD SELKIRK TD7 5DZ
Registered Address
6 TWEED MILL
DUNSDALE ROAD
SELKIRK
TD7 5DZ
Trading Address
Unit 4
Tweed Mills
Dunsdale Road
Selkirk, Selkirkshire
TD7 5DZ
Website Address http://www.houseofhogarth.co.uk
Telephone Number 0175023920
TPS No
FPS Yes
Incorporation Date 24/06/1999
Previous Name SAGEBURN LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 16/07/1999
Filing Date of Accounts 26/10/2015
Currency GBP
Share Capital £100
SIC07 46410
Charity Number -
SIC07 Description WHOLESALE OF TEXTILES
Principal Activity Wholesale of textiles.
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/01/2015 - - £251,634 -
31/01/2014 - - £226,864 -
31/01/2013 - - £281,189 –
Total Mortgage 1
Outstanding 1
Satisfied 0
Total Number of Documented Trade 4
Total Value of Documented Trade £7,823
|
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 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. |
|
|
This company trades in an industry with a moderate level
of corporate failures. |
|
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 |
|
Title |
Mr |
Function |
Director |
|
Name |
Charles Murray Hogarth |
Nationality |
British |
|
Date of Birth |
01/1950 |
Present Appointments |
3 |
|
Latest Address |
8 Catrail Road, Galashiels, Scottish Borders |
Appointment Date |
12/07/1999 |
|
Post Code |
TD1 1NW |
||
|
Title |
Ms |
Function |
Director |
|
Name |
Karen Barclay-Hogarth |
Nationality |
British |
|
Date of Birth |
12/1955 |
Present Appointments |
5 |
|
Latest Address |
8 Catrail Road, Galashiels, Selkirkshire |
Appointment Date |
10/11/2008 |
|
Post Code |
TD1 1NW |
||
|
Title |
Miss |
Function |
Director |
|
Name |
Alexandra Hogarth |
Nationality |
Scottish |
|
Date of Birth |
04/1986 |
Present Appointments |
2 |
|
Latest Address |
14 Heathery Rig, Tweedbank, Galashiels, Selkirkshire |
Appointment Date |
01/02/2012 |
|
Post Code |
TD1 3SA |
||
Current Company
Secretary
|
Title |
Ms |
Function |
Company Secretary |
|
Name |
Karen Barclay-Hogarth |
Nationality |
British |
|
Date of Birth |
12/1955 |
Present Appointments |
5 |
|
Latest Address |
8 Catrail Road, Galashiels, Selkirkshire |
Appointment Date |
26/05/2006 |
|
Post Code |
TD1 1NW |
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
CHARLES MURRAY HOGARTH |
GBP |
50 |
ORDINARY |
1 |
50 |
|
KAREN BARCLAY-HOGARTH |
GBP |
50 |
ORDINARY |
1 |
50 |
Profit & Loss
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
61 |
|
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 |
£17,729 |
37.8% |
£12,864 |
72.2% |
£7,469 |
-20.2% |
£9,358 |
47.1% |
£6,361 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Tangible Assets |
£35,193 |
38.2% |
£25,473 |
94% |
£13,132 |
-3.8% |
£13,654 |
-26.7% |
£18,639 |
|
Intangible Assets |
£17,784 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£52,977 |
108% |
£25,473 |
94% |
£13,132 |
-3.8% |
£13,654 |
-26.7% |
£18,639 |
|
Stock |
£303,196 |
3.4% |
£293,231 |
84% |
£159,383 |
40.7% |
£113,298 |
15.2% |
£98,370 |
|
Trade Debtors |
£461,082 |
37.9% |
£334,332 |
-62.6% |
£894,594 |
66.3% |
£537,844 |
-5.4% |
£568,362 |
|
Cash |
£186,033 |
2.2% |
£182,002 |
35.8% |
£134,058 |
34.8% |
£99,455 |
-35.5% |
£154,111 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£950,311 |
17.4% |
£809,565 |
-31.9% |
£1,188,035 |
58.3% |
£750,597 |
-8.6% |
£820,843 |
|
Trade Creditors |
£743,270 |
22.9% |
£604,568 |
-33.9% |
£914,953 |
96.6% |
£465,319 |
-21.4% |
£592,286 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
-100% |
£4,279 |
40.7% |
£3,042 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£743,270 |
22.9% |
£604,568 |
-34.2% |
£919,232 |
96.3% |
£468,361 |
-20.9% |
£592,286 |
|
Bank Loans & Overdrafts and LTL |
£8,384 |
132.5% |
£3,606 |
383.4% |
£746 |
-88.4% |
£6,411 |
-13.9% |
£7,448 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£8,384 |
132.5% |
£3,606 |
383.4% |
£746 |
-88.4% |
£6,411 |
-13.9% |
£7,448 |
.
Capital &
Reserves
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account Reserve |
£251,534 |
10.9% |
£226,764 |
-19.3% |
£281,089 |
-2.9% |
£289,379 |
20.8% |
£239,648 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£251,634 |
10.9% |
£226,864 |
-19.3% |
£281,189 |
-2.9% |
£289,479 |
20.7% |
£239,748 |
Other Financial Items
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Net Worth |
£233,850 |
3.1% |
£226,864 |
-19.3% |
£281,189 |
-2.9% |
£289,479 |
20.7% |
£239,748 |
|
Working Capital |
£207,041 |
1% |
£204,997 |
-23.7% |
£268,803 |
-4.8% |
£282,236 |
23.5% |
£228,557 |
|
Total Assets |
£1,003,288 |
20.1% |
£835,038 |
-30.5% |
£1,201,167 |
57.2% |
£764,251 |
-9% |
£839,482 |
|
Total Liabilities |
£751,654 |
23.6% |
£608,174 |
-33.9% |
£919,978 |
93.8% |
£474,772 |
-20.8% |
£599,734 |
|
Net Assets |
£251,634 |
10.9% |
£226,864 |
-19.3% |
£281,189 |
-2.9% |
£289,479 |
20.7% |
£239,748 |
Cash Flow
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/01/15 |
(%) |
31/01/14 |
(%) |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£260,018 |
12.8% |
£230,470 |
-18.3% |
£281,935 |
-4.7% |
£295,890 |
19.7% |
£247,196 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
THE ROYAL BANK OF SCOTLAND PLC |
||||||||
|
Bank Branch Code |
83-20-19 |
||||||||
Ratios
|
Date Of Accounts |
31/01/15 |
31/01/14 |
31/01/13 |
31/01/12 |
31/01/11 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.28 |
1.34 |
1.29 |
1.60 |
1.39 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
3.30 |
1.60 |
0.30 |
2.20 |
3.10 |
|
Equity in % |
25.50 |
27.20 |
23.40 |
37.90 |
28.60 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.87 |
0.85 |
1.11 |
1.36 |
1.21 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
2.95 |
2.66 |
3.26 |
1.61 |
2.47 |
|
Total Debt Ratio |
2.98 |
2.68 |
3.27 |
1.64 |
2.50 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
|
There are no notes to display. |
|
No Status History found |
|
Date |
Description |
|
29/10/2015 |
New Accounts Filed |
|
29/10/2015 |
New Accounts Filed |
|
11/08/2015 |
Payment Data Update Recieved |
|
15/07/2015 |
Payment Data Update Recieved |
|
26/06/2015 |
Annual Returns |
|
25/09/2014 |
Change in Reg.Office |
|
23/09/2014 |
New Accounts Filed |
|
23/06/2014 |
Annual Returns |
|
12/10/2013 |
New Accounts Filed |
|
12/10/2013 |
New Accounts Filed |
|
22/07/2013 |
Annual Returns |
|
19/07/2012 |
New Accounts Filed |
|
19/07/2012 |
New Accounts Filed |
|
18/07/2012 |
Annual Returns |
|
26/03/2012 |
New Board Member Miss A. Hogarth appointed |
|
Date |
Previous Name |
|
16/07/1999 |
SAGEBURN LIMITED |
|
No writs found |
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
No Group Structure
|
Mortgage Type: |
BOND & FLOATING CHARGE |
||
|
Date Charge Created: |
11/06/02 |
||
|
Date Charge Registered: |
17/06/02 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND 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 |
||
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|||
|
Trade Debtors |
4 |
£7,823 |
||
|
Company Name |
Amount |
Statement Date |
||
|
Zucci Ltd |
£6,900 |
01/03/2011 |
||
|
Tolleys Of Tavistock Ltd |
£333 |
07/02/2014 |
||
|
Classic Apparel Limited |
£301 |
19/04/2011 |
||
|
R J Bryant Ltd |
£289 |
01/02/2011 |
||
|
Name |
Current Directorships |
Previous Directorships |
|
|
Iain Charles Stewart Gumley |
0 |
8 |
|
|
Iain Charles Stewart Gumley |
0 |
8 |
|
|
JORDANS (SCOTLAND) LIMITED |
164 |
19789 |
|
|
OSWALDS OF EDINBURGH LIMITED |
164 |
38447 |
|
|
Average Invoice Value |
£278.83 |
||
|
Invoices available |
58 |
||
|
Paid |
49 |
||
|
Outstanding |
9 |
||
|
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 |
23 |
19 |
6 |
1 |
0 |
|
Outstanding |
0 |
7 |
2 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
GBP |
1 |
Rs.101.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SDA |
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.