MIRA INFORM REPORT
|
Report No. : |
354081 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
YORKSHIRE STAINLESS LIMITED |
|
|
|
|
Formerly Known As : |
BARLEYMARSH LIMITED |
|
|
|
|
Registered Office : |
The Hart Shaw Buildingeuropa Link Sheffield Businesspark Sheffields9 1xu |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2014 |
|
|
|
|
Date of Incorporation : |
30.04.1992 |
|
|
|
|
Com. Reg. No.: |
02711105 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
·
Manufacture of Metal Structures And Parts
Of Structures ·
Sale of stainless steel flanges. |
|
|
|
|
No. of Employee : |
29 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but delayed |
|
|
|
|
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 and Address
YORKSHIRE STAINLESS LIMITED
THE HART SHAW BUILDINGEUROPA LINK
SHEFFIELD BUSINESSPARK SHEFFIELDS9 1XU
Company
No
02711105
Company
Status
Active - Accounts Filed
Company
Summary
Registered Address THE HART
SHAW BUILDING
EUROPA LINK SHEFFIELD BUSINESS
PARK SHEFFIELD
S9 1XU
Trading
Address Hart Shaw
Building
Sheffield Airport Business Park
Europa Link, Park
Sheffield, South Yorkshire
S9 1XU
Website Address http://www.yorkshirestainless.com
Telephone Number -
Fax Number
TPS -
FPS No
Incorporation Date 30/04/1992
Previous Name BARLEYMARSH LIMITED
Type Private
limited with Share Capital
FTSE Index -
Date of Change 01/06/1992
Filing Date of Accounts 25/11/2014
Currency GBP
Share Capital £1,000
SIC07 25110
Charity Number -
SIC07
Description MANUFACTURE
OF METAL STRUCTURES AND PARTS OF STRUCTURES
Principal Activity Sale of
stainless steel flanges.
Key
Financials
Year to Date Turnover Pre Tax Profit Shareholder Funds
Employees
31/07/2014 £8,312,739 £587,891 £5,365,205 29
31/07/2013 £8,381,631 £880,434 £4,905,008 29
31/07/2012 £8,810,470 £1,654,854 £4,428,783 29
Mortgage
Summary
Total Mortgage 4
Outstanding 4
Satisfied 0
Trade
Debtors / Bad Debt Summary
Total Number of Documented Trade 5
Total Value of Documented Trade £23,124
Commentary
|
This company has been treated as a Medium company in respect of
the rating/limit generated. |
|
This company's ratio of total liabilities to total assets indicates
the presence of moderate equity funding. |
|
This company has made late payments on a high percentage of
invoices. |
|
This company's bank loans and overdrafts (less cash) account for
a high percentage of short term liabilities. |
|
This company trades in an industry with a higher level of
corporate failures. |
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 - |
- |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current
Directors
|
Name |
Steven Derek Osborne |
Date of Birth |
19/12/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
15/05/1992 |
||
|
Address |
7 Sherwood Close, Gomersal, Cleckheaton, West Yorkshire, BD19
4UA |
||
|
Name |
Wendy Ann Smith |
Date of Birth |
24/10/1970 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
14/07/2010 |
||
|
Address |
12 Oak Barn The Wapping, Hooton Roberts, Rotherham, South
Yorkshire, S65 4PE |
||
Current Company Secretary
|
Name |
Sharon Osborne |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
31/03/2004 |
||
|
Address |
7 Sherwood Close, Gomersal, West Yorkshire, BD19 4UA |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
STEVEN DEREK OSBORNE |
GBP |
510 |
ORDINARY |
1 |
51 |
|
SHARON OSBORNE |
GBP |
490 |
ORDINARY |
1 |
49 |
Profit
& Loss
|
Date Of
Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£8,312,739 |
-0.8% |
£8,381,631 |
-4.9% |
£8,810,470 |
15.3% |
£7,639,560 |
20.2% |
£6,354,803 |
|
|
Export |
£379,344 |
1.7% |
£373,046 |
-17.4% |
£451,424 |
- |
- |
- |
- |
|
|
Cost of Sales |
£6,584,472 |
1% |
£6,521,289 |
4.7% |
£6,230,111 |
- |
- |
- |
- |
|
|
Gross Profit |
£1,728,267 |
-7.1% |
£1,860,342 |
-27.9% |
£2,580,359 |
- |
- |
- |
- |
|
|
Wages & Salaries |
£993,179 |
5.3% |
£942,933 |
4.1% |
£905,627 |
-9.8% |
£1,003,889 |
-0.6% |
£1,010,062 |
|
|
Directors Emoluments |
£221,945 |
43% |
£155,189 |
-3.5% |
£160,883 |
-48.7% |
£313,651 |
2.3% |
£306,479 |
|
|
Operating Profit |
£631,218 |
-32.1% |
£929,663 |
-45.2% |
£1,695,826 |
54.5% |
£1,097,960 |
92.1% |
£571,463 |
|
|
Depreciation |
£78,939 |
-19.4% |
£97,946 |
-8.6% |
£107,214 |
-6.6% |
£114,775 |
22% |
£94,101 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
£43,337 |
-12.2% |
£49,354 |
20% |
£41,142 |
-12.6% |
£47,077 |
-12.2% |
£53,642 |
|
|
Pre Tax Profit |
£587,891 |
-33.2% |
£880,434 |
-46.8% |
£1,654,854 |
57.5% |
£1,050,900 |
102.9% |
£517,837 |
|
|
Taxation |
-£127,694 |
37.5% |
-£204,209 |
51.6% |
-£422,137 |
-49.5% |
-£282,310 |
-143.1% |
-£116,152 |
|
|
Profit After Tax |
£460,197 |
-31.9% |
£676,225 |
-45.1% |
£1,232,717 |
60.4% |
£768,590 |
91.3% |
£401,685 |
|
|
Dividends Payable |
- |
-100% |
£200,000 |
- |
£200,000 |
- |
£200,000 |
33.3% |
£150,000 |
|
|
Retained Profit |
£460,197 |
-3.4% |
£476,225 |
-53.9% |
£1,032,717 |
81.6% |
£568,590 |
125.9% |
£251,685 |
Balance
Sheet
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
|
Tangible Assets |
£658,692 |
-8.1% |
£716,852 |
1.5% |
£705,911 |
-5.2% |
£744,453 |
-3% |
£767,478 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£658,692 |
-8.1% |
£716,852 |
1.5% |
£705,911 |
-5.2% |
£744,453 |
-3% |
£767,478 |
|
|
Stock |
£5,431,623 |
-1.3% |
£5,505,779 |
3.6% |
£5,316,262 |
44.3% |
£3,685,034 |
7.4% |
£3,431,613 |
|
|
Trade Debtors |
£2,060,504 |
-8.2% |
£2,244,931 |
-6.6% |
£2,403,365 |
-2.7% |
£2,469,938 |
34.9% |
£1,830,403 |
|
|
Cash |
£307,303 |
241.7% |
£89,925 |
242.5% |
£26,257 |
-81.5% |
£141,975 |
35% |
£105,156 |
|
|
Other Debtors |
£5,365 |
-38.1% |
£8,666 |
-32.5% |
£12,838 |
107.5% |
£6,187 |
-3.8% |
£6,429 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£16,618 |
|
|
Total Current Assets |
£7,804,795 |
-0.6% |
£7,849,301 |
1.2% |
£7,758,722 |
23.1% |
£6,303,134 |
16.9% |
£5,390,219 |
|
|
Trade Creditors |
£717,991 |
-21% |
£908,861 |
5.1% |
£864,836 |
-12.3% |
£986,531 |
-1.9% |
£1,005,337 |
|
|
Bank Loans & Overdrafts |
£1,628,944 |
-0.5% |
£1,636,886 |
1% |
£1,620,756 |
49.2% |
£1,086,468 |
3.8% |
£1,046,660 |
|
|
Other Short Term Finance |
£201,935 |
-26.9% |
£276,132 |
-43.6% |
£489,566 |
21% |
£404,726 |
22.7% |
£329,838 |
|
|
Miscellaneous Current Liabilities |
£515,928 |
-24% |
£679,089 |
-1.8% |
£691,696 |
5.6% |
£654,763 |
136.1% |
£277,301 |
|
|
Total Current Liabilities |
£3,064,798 |
-12.5% |
£3,500,968 |
-4.5% |
£3,666,854 |
17.1% |
£3,132,488 |
17.8% |
£2,659,136 |
|
|
Bank Loans & Overdrafts and LTL |
£1,662,428 |
-7.5% |
£1,797,063 |
-9.7% |
£1,989,752 |
23.9% |
£1,605,501 |
-6.5% |
£1,717,745 |
|
|
Other Long Term Finance |
£12,384 |
434.9% |
£2,315 |
-93.3% |
£34,803 |
37.2% |
£25,371 |
22.1% |
£20,774 |
|
|
Total Long Term Liabilities |
£33,484 |
-79.1% |
£160,177 |
-56.6% |
£368,996 |
-28.9% |
£519,033 |
-22.7% |
£671,085 |
Capital
& Reserves
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
|
Called Up Share Capital |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
|
P & L Account Reserve |
£5,364,205 |
9.4% |
£4,904,008 |
10.8% |
£4,427,783 |
30.4% |
£3,395,066 |
20.1% |
£2,826,476 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£5,365,205 |
9.4% |
£4,905,008 |
10.8% |
£4,428,783 |
30.4% |
£3,396,066 |
20.1% |
£2,827,476 |
Other
Financial Items
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
|
Net Worth |
£5,365,205 |
9.4% |
£4,905,008 |
10.8% |
£4,428,783 |
30.4% |
£3,396,066 |
20.1% |
£2,827,476 |
|
|
Working Capital |
£4,739,997 |
9% |
£4,348,333 |
6.3% |
£4,091,868 |
29.1% |
£3,170,646 |
16.1% |
£2,731,083 |
|
|
Total Assets |
£8,463,487 |
-1.2% |
£8,566,153 |
1.2% |
£8,464,633 |
20.1% |
£7,047,587 |
14.5% |
£6,157,697 |
|
|
Total Liabilities |
£3,098,282 |
-15.4% |
£3,661,145 |
-9.3% |
£4,035,850 |
10.5% |
£3,651,521 |
9.6% |
£3,330,221 |
|
|
Net Assets |
£5,365,205 |
9.4% |
£4,905,008 |
10.8% |
£4,428,783 |
30.4% |
£3,396,066 |
20.1% |
£2,827,476 |
Cash
Flow
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
|
Net Cashflow from Operations |
£731,693 |
-14.1% |
£851,664 |
703.8% |
£105,957 |
-81.7% |
£578,762 |
-42.4% |
£1,004,109 |
|
|
Net Cashflow before Financing |
£382,235 |
44.3% |
£264,938 |
171.9% |
-£368,700 |
-353.6% |
£145,396 |
-68.8% |
£466,471 |
|
|
Net Cashflow from Financing |
-£201,314 |
-0.3% |
-£200,702 |
6.8% |
-£215,268 |
18.7% |
-£264,792 |
-150.2% |
£527,539 |
|
|
Increase in Cash |
£180,921 |
181.7% |
£64,236 |
111% |
-£583,968 |
-389.1% |
-£119,396 |
-112% |
£994,010 |
Miscellaneous
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£5,398,689 |
6.6% |
£5,065,185 |
5.6% |
£4,797,779 |
22.5% |
£3,915,099 |
11.9% |
£3,498,561 |
|
|
Number of Employees |
29 |
- |
29 |
- |
29 |
7.4% |
27 |
12.5% |
24 |
|
Accountants |
||||||||||
|
Auditors |
HART SHAW LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
YORKSHIRE BANK PLC |
|||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
31/07/14 |
31/07/13 |
31/07/12 |
31/07/11 |
31/07/10 |
|
|
|
Pre-tax profit margin % |
7.07 |
10.50 |
18.78 |
13.76 |
8.15 |
|
|
Current ratio |
2.55 |
2.24 |
2.12 |
2.01 |
2.03 |
|
|
Sales/Net Working Capital |
1.75 |
1.93 |
2.15 |
2.41 |
2.33 |
|
|
Gearing % |
31 |
36.60 |
44.90 |
47.30 |
60.80 |
|
|
Equity in % |
63.40 |
57.30 |
52.30 |
48.20 |
45.90 |
|
|
Creditor Days |
31.43 |
39.47 |
35.73 |
47 |
57.58 |
|
|
Debtor Days |
90.22 |
97.49 |
99.29 |
117.68 |
104.84 |
|
|
Liquidity/Acid Test |
0.77 |
0.66 |
0.66 |
0.83 |
0.73 |
|
|
Return On Capital Employed % |
10.88 |
17.38 |
34.49 |
26.84 |
14.80 |
|
|
Return On Total Assets Employed % |
6.94 |
10.27 |
19.55 |
14.91 |
8.40 |
|
|
Current Debt Ratio |
0.57 |
0.71 |
0.82 |
0.92 |
0.94 |
|
|
Total Debt Ratio |
0.57 |
0.74 |
0.91 |
1.07 |
1.17 |
|
|
Stock Turnover Ratio % |
65.34 |
65.68 |
60.34 |
48.23 |
54 |
|
|
Return on Net Assets Employed % |
10.95 |
17.94 |
37.36 |
30.94 |
18.31 |
Report
Notes
|
There are no notes to display. |
Status
History
|
No Status History found |
Event History
|
Date |
Description |
|
07/07/2015 |
Payment Data Update Recieved |
|
16/05/2015 |
Annual Returns |
|
04/12/2014 |
New Accounts Filed |
|
04/12/2014 |
New Accounts Filed |
|
28/05/2014 |
Annual Returns |
|
30/12/2013 |
New Accounts Filed |
|
30/12/2013 |
New Accounts Filed |
|
09/05/2013 |
Annual Returns |
|
10/01/2013 |
New Accounts Filed |
|
10/01/2013 |
New Accounts Filed |
|
26/05/2012 |
Annual Returns |
|
24/11/2011 |
New Accounts Filed |
|
24/11/2011 |
New Accounts Filed |
|
11/05/2011 |
Annual Returns |
|
20/12/2010 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
01/06/1992 |
BARLEYMARSH LIMITED |
Writ
Details
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group
Structure Full
|
Mortgage
Details
|
Mortgage Type: |
LEGAL MORTGAGE (OWN ACCOUNT) |
||
|
Date Charge Created: |
10/06/05 |
||
|
Date Charge Registered: |
22/06/05 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
CLYDESDALE BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
UNIT 2 GATEWAY INDUSTRIAL ESTATE PARKGATE ROTHERHAM SOUTH
YORKSHIRE S62 6LJ ASSIGNS THE GOODWILL OFALL BUSINESSESFROM 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 AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANT AND
MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY
FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIMEON THE
PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
27/03/97 |
||
|
Date Charge Registered: |
28/03/97 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
YORKSHIRE BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON
ANY ACCOUNT WHATSOEVER |
||
|
Details: |
PLOT 55 GATEWAY INDUSTRIAL ESTATE PARKGATE ROTHERHAM SOUTH
YORKSHIRE THE COMPANY CHARGES TO THE BANKBY WAY OF LEGAL MORTGAGE THE
PROPERTY AS DESCRIBED ABOVE, THE COMPANY ASSIGNS TO THE BANK THE GOODWILL OF THE
BUSINESS AND THE BENEFIT OF ALL AUTHORISATIONS, PERMITS, REGISTRATION
CERTIFICATES OR LICENCES, THE COMPANY ALSO CHARGES TO THE BANK BY WAY OF
FIXEDCHARGE THE EQUIPMENT AND GOODS (IF ANY)AND ALL OTHER FIXTURES, FITTINGS,
PLANTAND MACHINERY AND BY WAY OF FLOATING CHARGE ALL OTHER MOVEABLEPLANT,
MACHINERY, FURNITURE, EQUIPMENT, GOODS AND OTHER EFFECTS. SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
20/10/94 |
||
|
Date Charge Registered: |
07/11/94 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
YORKSHIRE BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON
ANY ACCOUNT WHATSOEVER |
||
|
Details: |
UNIT 1 GATEWAY CLOSE PARKGATE ROTHERHAMSOUTH YORKSHIRE ALL
FIXTURES AND FITTINGS PLANT AND MACHINERYA FLOATING CHARGE OVER ALL MOVEABLE
PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
23/07/92 |
||
|
Date Charge Registered: |
27/07/92 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
YORKSHIRE 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 |
||
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 |
5 |
£23,124 |
|
|
Company Name |
Amount |
Statement Date |
|
|
Kington Process Ltd |
£10,871 |
09/10/2012 |
|
|
Pipetech Design And Construction Limited |
£8,001 |
19/02/2014 |
|
|
Pleatward Engineering Limited |
£3,591 |
28/06/2011 |
|
|
Stamford Fabrications Limited |
£365 |
15/11/2012 |
|
|
Halliwell Industrial & Marine Silencers Limited |
£296 |
07/03/2014 |
|
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
|
Glynn Brown |
0 |
2 |
|
|
Michael Goodson |
0 |
1 |
|
|
Steven Derek Osborne |
2 |
2 |
|
|
WILDMAN & BATTELL LIMITED |
1243 |
40368 |
|
|
SAME-DAY COMPANY SERVICES LIMITED |
1449 |
40181 |
|
|
Average Invoice Value |
Ł1475.14 |
||
|
Invoices available |
220 |
||
|
Paid |
210 |
||
|
Outstanding |
10 |
||
|
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 |
30 |
112 |
11 |
48 |
9 |
|
Outstanding |
3 |
6 |
0 |
1 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
GBP |
1 |
Rs.101.53 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TRU |
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.