|
Report No. : |
306484 |
|
Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known As : |
STEPHEN MARKS HOLDINGS LIMITED |
|
|
|
|
Registered Office : |
20-22 Bedford Row
London Wc1r 4JS |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.01.2014 |
|
|
|
|
Date of Incorporation : |
19.01.1979 |
|
|
|
|
Com. Reg. No.: |
01410568 |
|
|
|
|
Legal Form : |
Public Limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Clothing and
Footwear. |
|
|
|
|
No. of Employees : |
2,258 |
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 – 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 |
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. 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 |
FRENCH
CONNECTION GROUP PLC
20-22 BEDFORD
ROW
LONDON
WC1R 4JS
United Kingdom
Telephone: +44 020 7036 7200
Fax --
Website www.frenchconnection.com
Company Number: 01410568
Foundation: 19/01/1979
Status: Active
- Accounts Filed
VAT No: N/A
Comments
No exact match
CCJs are recorded against the company. Pre-tax profits increased by 41.9% compared
to the previous trading period. The audit report contains no adverse comments.
Sales in the
latest trading period decreased 4% on the previous trading period. Net Worth
decreased by 11.4% during the latest trading period. A 4.8% decline in Total Assets
occurred during the latest trading period. The company saw a decrease in their
Cash Balance of 1.1% during the latest trading period.
The company has
undergone recent changes in its directorships. The company is part of a group.
The company was established over 35 years ago.
Legal form
Public limited with Share Capital
Foundation
19/01/1979
Company No.
01410568
Previous Names
Date of Change Previous
Name
20/10/1983 STEPHEN
MARKS HOLDINGS LIMITED
Shareholders
Name Currency
Number of shares Share type Nominal value
CHASE NOMINEES LTD GBP 8,135,653 ORDINARY 0.01
HSBC GLOBAL CUSTODY
NOMINEE (UK) GBP 6,063,258
ORDINARY 0.01
STEPHEN ANTHONY SOLOMON
MARKS GBP
37,587,690 ORDINARY 0.01
Total Share Capital GBP 961,178.34
Management
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Stephen Anthony Solomon Marks |
39-41 Egerton Terrace, London SW3 2BU |
23/05/1946 |
British |
14/06/1991 |
|
Mr Neil Pryce Williams |
20-22
Bedford Row, London WC1R 4JS |
08/09/1964 |
British |
11/05/1994 |
|
Mr Dean Anthony Murray |
Lodge Farm, Gilmorton Lane,
WilloughbyWaterleys, Leicestershire LE8 6UE |
17/11/1962 |
British |
06/02/2008 |
|
Ms Claire Angela Kent |
10 Montague Road, Richmond,
Surrey TW10 6QW |
07/08/1963 |
|
08/10/2008 |
|
Mr Adam Castleton |
20-22
Bedford Row, London WC1R 4JS |
13/03/1964 |
British |
12/08/2013 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Adam Castleton |
20-22 Bedford Row, London
WC1R 4JS |
12/08/2013 |
Other Known Addresses
1 Knightsbridge Green,
London SW1X 7QA
1-4 Miller Arcade, Preston,
Lancashire PR1 2QY
11 Centre West, East Kilbride,
Glasgow, Lanarkshire G74 1LL
16 Fouberts Place, London
W1F 7PJ
191 Westbourne Ground, London W11 2SB
2 Parkfield
Street, Islington, London,
London N1 0PS
20 High Street,
Canterbury, Kent CT1 2JE
20-22
Bedford Row, London WC1R 4JS
21 Philadelphia Street,
Bristol, Avon BS1 3BZ
27 Hampstead High Street, London,
London NW3 1QA
27 High Street,
Leicester, Leicestershire LE1 4FP
3 Hancock
Road, London E3 3DA
30 The Arcade, Meadowhall Centre, Sheffield, South Yorkshire S9 1EH
39 Camden Street,
London NW1 0DX
44 Brompton Road,
South Kensington, London SW3 1BW
55 King Street,
St Helier, Jersey, Channel Islands
JE2 4WE
67-68
North Street, Guildford, Surrey GU1 4AW
7-8 The Glades Shopping Centre, High Street, Bromley, Kent BR1 1DD
70 George Street,
Edinburgh, Midlothian EH2 2LR
80 George Street,
Richmond, Surrey
TW9 1HA
Queensway, London W2 4QS
Unit 15, Windsor
Royal Station, Jubilee
Arch, Windsor, Berkshire SL4 1PJ
Unit 26, Lower Ground
Level, The Oracle Centre,
Reading, Berkshire RG1 2AQ
Unit 90, Designer
Outlet Village,
Bridgend, Mid Glamorgan CF32 9SU
Unit Su41 Royal Victoria
Place, Tunbridge Wells, Kent TN1 2SS
Upper
Mall East, Bullring, Birmingham, West Midlands B5 4BF
Main Activities
Principal Activity
A group engaged in the design and
supply of branded fashion clothing and accessories.
SIC03 Wholesale
of clothing and footwear
SIC07 Wholesale
of clothing and footwear
Turnover and Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/01/2012 |
GBP215,400,000 |
2,558 |
|
31/01/2013 |
GBP 197,300,000 |
2,444 |
|
31/01/2014 |
GBP 189,400,000 |
2,258 |
Banks
|
Bank Name |
Bank Branch Sort Code |
|
BARCLAYS BANK PLC |
20-00-00 |
Auditor
Auditor name
KPMG AUDIT PLC
Events
Company History
Date Action
10/06/2010 New
Accounts Filed
10/06/2010 New
Accounts Filed
27/07/2010 Annual
Returns
21/05/2011 New
Accounts Filed
21/05/2011 New
Accounts Filed
01/08/2011 Annual
Returns
02/06/2012 New
Accounts Filed
02/06/2012 New
Accounts Filed
11/08/2012 Annual
Returns
29/04/2013 New
Accounts Filed
03/06/2013 Mr
R.C. Naismith has left the board
20/07/2013 New
Accounts Filed
20/07/2013 New
Accounts Filed
26/08/2013 Mr
D.A. Murray has left the board
23/09/2013 Annual
Returns
24/09/2013 Annual
Returns
25/09/2013 Mr
R.C. Naismith has resigned as company secretary
11/10/2013 New
Company Secretary Mr A. Castleton appointed
11/10/2013 New
Board Member Mr A. Castleton appointed
21/03/2014 New
Board Member Mr D.A. Murray appointed
05/08/2014 New
Accounts Filed
13/08/2014 Annual
Returns
26/08/2014 New
Accounts Filed
26/08/2014 New
Accounts Filed
|
Charge
created |
05/09/1930 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
UNIT 3,
BURTONS ARCADE, LEEDS, WEST YORKSHIRE |
|
|
|
|
Charge
created |
04/03/1980 |
|
Charge
registered |
12/03/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE
OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER. |
|
Mortgage
detail |
CHARGED BY THE PRINCIPAL
DEED AND FURTHERDEED UNDERTAKING AND ALL PROPERTY AND ASSETS |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
8 MARKET
STREET, MANCHESTER ROYAL EXCHANGE, GREAT MANCHESTER |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
21, KENSINGTON
CHURCH WALK, KENSINGTON,BOROUGH OF KENSINGTON AND CHELSEA, LONDON |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
SHOP PREMISES ON THE GROUND
FLOOR AND BASEMENT OF 3, KENSINGTON CHURCH ST, KENSINGTON AND CHELSEA,
LONDON. |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
231, THE
VALE, ACTON, EALING, LONDON. |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
10, THE
POULTRY, NOTTINGHAM, NOTTINGHAMSHIRE |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
13/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
PART OF
BUILDING KNOWN AS NO§119,121 AND 124 ABOVE BAR STREET, AND NO§1 AND 3, CIVIC
CENTRE ROAD, SOUTHAMPTON, HAMPSHIRE. |
|
|
|
|
Charge
created |
05/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
STUDIO§7 AND 8, 5, KENSINGTON
CHURCH STREET, ON 1ST FL, TOGETHER WITH GROUND FLWORKROOM, KENSINGTON AND
CHELSEA, LONDON. |
|
|
|
|
Charge
created |
06/09/1980 |
|
Charge
registered |
23/09/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
15,
CASES STREET, LIVERPOOL, MERSEYSIDE |
|
|
|
|
Charge
created |
15/12/1980 |
|
Charge
registered |
22/12/1980 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage detail |
GROUND FLOOR SHOP SITUATE AND BEING NUMBER 117 NEW STREET,
BIRM- INGHAM, WEST MIDLANDS, PLUS MEZZANINE FLOOR AT REAR OF SAID SHOP AND THE FIRST
AND SECOND FLOORSABOVE THE SAID MEZZANINE FLOOR. |
|
|
|
|
Charge created |
13/11/1981 |
|
Charge registered |
20/11/1981 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
L/H 6 MARKET ST, MANCHESTER, GREATER MANCHESTER |
|
|
|
|
Charge created |
01/06/1982 |
|
Charge registered |
01/06/1982 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
L/H THE BASEMENT GROUND AND FIRST
FLOORS OF PREMISES KNOWN AS 10 THE PAULTRY, NOTTINGHAM NOTTINGHAMSHIRE |
|
|
|
|
Charge created |
18/03/1983 |
|
Charge registered |
05/04/1983 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
L/H 8, MARKET STREET, MANCHESTER SITUATE ON THE GROUND FLOOR
AND IN THE BASEMENT OF THE BUILDING KNOWN AS MANCHESTER ROYAL EXCHANGE GREATER MANCHESTER |
|
|
|
|
Charge created |
26/07/1983 |
|
Charge registered |
01/08/1983 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
L/H 16 MARKET HILL
CAMBRIDGE CAMBRIDGESHIRE |
|
|
|
|
Charge created |
30/06/1987 |
|
Charge registered |
20/07/1987 |
|
Status |
SATISFIED |
|
Entitled person |
BANQUE INTERNATIONALE ALEXEMBOUG |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage
detail |
ALL GOODS,
BILLS OF LANDING WARRANTS, DELIVERY ORDERS, DOCUMENTS OF TITLE TO GOODS, AND
ALL PROPERTY AND OTHER RIGHTS EMODIED THEREIN, ALL PROCEEDS OF SALE OR OTHER
DISPOSITION OF THE GOODS, AS DELIVERED TO OR IN THE POSSESSION OF THE BANK.OR
HELD TO ITS ORDER, NOW OR AT ANY TIME |
|
|
|
|
Charge
created |
01/12/1989 |
|
Charge
registered |
11/12/1989 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK(AS AGENT AND TRUSTEE FOR THE BANKS, AS DEFINED) |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES
NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
(SEE FORM 395 REF M141 FOR
FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge
created |
01/12/1989 |
|
Charge
registered |
11/12/1989 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK(AS AGENT AND TRUSTEE FOR THE BANKS, AS DEFINED) |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE
OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
(SEE FORM 395 REF M141 FOR
FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
F/H PROPERTY
K/A 75 TO 93 (ODD NUMBERS ) FAIRFIELD ROAD POPLAR L/B OF TOWER HAMLETS T/NO
NGL 222358 |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
F/H
PROPERTY K/A 79 81 AND 83 FAIRFIELDROAD BOW L/B OF TOWER HAMLETS T/NO
NGL95231 |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
F/H PROPERTY
K/A 97 FAIRFIELD ROAD L/B OF TOWER HAMLETS T/NO NGL122582 |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
F/H PROP
K/A 85 TO 95 (ODD NUMBERS) FAIRFIELD ROAD BOW L/B OF TOWER HAMLETS T/NO NGL
96974 |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
|
Mortgage
detail |
F/H PROPERTY
K/A 99 FAIRFIELD ROAD POPLAR L/B OF TOWER HAMLETS T/NO 165161 |
|
|
|
|
Charge
created |
08/01/1996 |
|
Charge
registered |
11/01/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
F/H LAND
AND BUILDINGS K/A OR BEING ARTILLERY WORKS AND 77 FAIRFIELD ROAD POPLAR L/B
OF TOWER HAMLETS T/NO NGL 221794 |
|
|
|
|
Charge
created |
01/05/1996 |
|
Charge
registered |
16/05/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM FRENCH CONNECTION (HONG KONG) LIMITED TO THE
CHARGEE AND TO THE LENDERS AND EACH OF THEM ON ANY ACCOUNTWHATSOEVER |
|
Mortgage
detail |
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge
created |
13/06/1996 |
|
Charge
registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
|
Secured amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989
ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 |
|
Mortgage
detail |
F/H PROPERTY
K/A 99 FAIRFIELD ROAD, BOW, L/B OF TOWER HAMLETS T/NO. 165161 |
|
|
|
|
Charge
created |
13/06/1996 |
|
Charge
registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
|
Secured amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989
ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 |
|
Mortgage
detail |
F/H PROPERTY
K/A 85 TO 95 (ODD NUMBERS)FAIRFIELD ROAD, BOW, L/B OF TOWER HAMLETS T/NO.
NGL96974 |
|
|
|
|
Charge
created |
13/06/1996 |
|
Charge
registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 ANDDEED
OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 |
|
Mortgage
detail |
F/H
PROPERTY K/A 97 FAIRFIELD ROAD, BOW, L/B OF TOWER HAMLETS T/NO. 122582 |
|
|
|
|
Charge
created |
13/06/1996 |
|
Charge
registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989
ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 |
|
Mortgage
detail |
F/H
PROPERTY K/A LAND AT THE BACK OF 75TO 93 (ODD) FAIRFIELD ROAD, POPLAR, L/BOF
TOWER HAMLETS T/NO. NGL222358 |
|
|
|
|
Charge
created |
13/06/1996 |
|
Charge
registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled
person |
BARCLAYS
BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT
WHATSOEVER PURSUANT TO A GUARANTEE AND DEBEN- TURE DATED 1ST DECEMBER 1989
AND DEED OF ACCESSION AND SUPPLEMEN- TAL CHARGE
DATED 1ST MAY 1996 |
|
Mortgage detail |
F/H PROPERTY
K/A 79, 81 AND 83 FAIRFIELD ROAD, BOW, L/B OF TOWER HAM- LETS T/NO. NGL95231 |
|
|
|
|
Charge created |
13/06/1996 |
|
Charge registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC, AS AGENT AND
TRUSTEE FOR THE LENDERS |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 ANDDEED OF ACCESSION AND SUP- PLEMENTAL CHARGE DATED 1ST
MAY 1996 |
|
Mortgage detail |
L/H PROPERTY COMPRISED AT THE FIRST ANDMEZZANINE FLOORS OF CARN- ABY COURT
AND K/A 16 FOUBERTS PLACE, L/B
OF CITY OF WESTMINSTER. SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
13/06/1996 |
|
Charge registered |
24/06/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC, AS AGENT AND
TRUSTEE FOR THE LENDERS |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 ANDDEED OF ACCESSION AND SUP- PLEMENTAL CHARGE DATED 1ST
MAY 1996 |
|
Mortgage detail |
F/H PROPERTY
K/A ARTILLERY WORKS
AND 77FAIRFIELD ROAD,
POPLAR, L/B OF TOWER HAMLETS T/NO. NGL221794 |
|
|
|
|
Charge created |
12/09/1996 |
|
Charge registered |
24/09/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER BUT PURSUANT TO THE SAID SECURITY |
|
Mortgage detail |
L/H PROPERTY COMPRISED IN THE FIRST
FLOOR, SECIND FLOORS, ROOF GAR- DEN TOGETHER
WITH THE APPURTENANCES AT BERKELEY HOUSE, 197 ASHLEY ROAD, HALE,
GREATER MANCHESTER T/NO. GM407367 |
County Court Judgments (CCJs)
There are no County Court Judgments listed against this company
Profit and Loss
|
|
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Turnover |
189,400,000 |
197,300,000 |
215,400,000 |
213,800,000 |
|
Export |
- |
- |
82,100,000 |
- |
|
Cost of Sales |
99,200,000 |
102,700,000 |
111,800,000 |
103,200,000 |
|
Gross Profit |
90,200,000 |
94,600,000 |
103,600,000 |
110,600,000 |
|
Wages And Salaries |
35,400,000 |
37,600,000 |
38,900,000 |
41,900,000 |
|
Directors Emoluments |
1,180,000 |
900,000 |
1,280,000 |
850,000 |
|
Operating Profit |
-4,400,000 |
-7,200,000 |
4,200,000 |
7,400,000 |
|
Depreciation |
1,900,000 |
3,100,000 |
2,800,000 |
3,700,000 |
|
Audit Fees |
100,000 |
100,000 |
300,000 |
400,000 |
|
Interests Payments |
0 |
0 |
0 |
0 |
|
Pre Tax Profit |
-6,100,000 |
-10,500,000 |
5,000,000 |
8,900,000 |
|
Taxation |
100,000 |
0 |
-500,000 |
-200,000 |
|
Profit After Tax |
-6,000,000 |
-10,500,000 |
4,500,000 |
8,700,000 |
|
Dividends Payable |
0 |
1,000,000 |
1,600,000 |
1,000,000 |
|
Retained Profit |
-6,000,000 |
-11,500,000 |
3,700,000 |
-3,400,000 |
Balance
Sheet
|
|
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Tangible Assets |
12,400,000 |
13,100,000 |
15,000,000 |
16,000,000 |
|
Intangible Assets |
400,000 |
400,000 |
2,400,000 |
2,400,000 |
|
Total Fixed Assets |
12,800,000 |
13,500,000 |
17,400,000 |
18,400,000 |
|
Stock |
38,500,000 |
41,500,000 |
46,900,000 |
40,300,000 |
|
Trade Debtors |
13,700,000 |
14,100,000 |
11,100,000 |
9,000,000 |
|
Cash |
28,200,000 |
28,500,000 |
34,200,000 |
34,100,000 |
|
Other Debtors |
9,000,000 |
9,600,000 |
15,400,000 |
16,600,000 |
|
Miscellaneous Current Assets |
0 |
100,000 |
100,000 |
0 |
|
Total Current Assets |
89,400,000 |
93,800,000 |
107,700,000 |
100,000,000 |
|
Trade Creditors |
23,300,000 |
21,600,000 |
23,800,000 |
21,400,000 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
200,000 |
0 |
2,600,000 |
0 |
|
Miscellaneous Current Liabilities |
21,700,000 |
21,300,000 |
22,700,000 |
24,300,000 |
|
Total Current Liabilities |
45,200,000 |
42,900,000 |
49,100,000 |
45,700,000 |
|
Bank Loans and Overdrafts
LTL |
1,400,000 |
1,700,000 |
1,900,000 |
900,000 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
1,400,000 |
1,700,000 |
1,900,000 |
900,000 |
Capital and Reserves
|
|
31/01/2014 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Called Up Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
P and L Account Reserve |
40,900,000 |
47,000,000 |
58,300,000 |
54,600,000 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
13,700,000 |
14,700,000 |
14,800,000 |
16,200,000 |
|
Shareholders Funds |
55,600,000 |
62,700,000 |
74,100,000 |
71,800,000 |
Other Financial Items
|
|
31/01/2014 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
|
|
|
|
|
|
Net Worth |
55,200,000 |
62,300,000 |
71,700,000 |
69,400,000 |
|
Working Capital |
44,200,000 |
50,900,000 |
58,600,000 |
54,300,000 |
|
Total Assets |
102,200,000 |
107,300,000 |
125,100,000 |
118,400,000 |
|
Total Liabilities |
46,600,000 |
44,600,000 |
51,000,000 |
46,600,000 |
|
Net Assets |
55,600,000 |
62,700,000 |
74,100,000 |
71,800,000 |
Cash Flow
|
|
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
|
|
52 |
52 |
52 |
52 |
|
|
|
GBP |
GBP |
GBP |
GBP |
|
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
|
Net Cash Flow from Operations |
1,600,000 |
-4,200,000 |
400,000 |
3,100,000 |
|
|
Net Cash Flow before Financing |
-400,000 |
-4,700,000 |
1,900,000 |
-900,000 |
|
|
Net Cash Flow from Financing |
0 |
-1,000,000 |
-1,700,000 |
-1,000,000 |
|
|
Increase in Cash |
-300,000 |
-5,700,000 |
100,000 |
-1,600,000 |
|
Miscellaneous
|
|
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Capital Employed |
57,000,000 |
64,400,000 |
76,000,000 |
72,700,000 |
Financial Ratios
|
Name |
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
Pre Tax Profit Margin |
-3.22 % |
-5.32% |
2.32 % |
4.16% |
|
Current Ration |
1.98 |
2.19 |
2.19 |
2.19 |
|
Sales or Networking Capital |
4.29 |
3.88 |
3.68 |
3.94 |
|
Gearing |
2.52 % |
2.71 % |
2.56 % |
1.25 % |
|
Equity |
54.62 % |
58.65 % |
60.39 % |
61.90% |
|
Creditor Days |
44.77 |
39.84 |
40.21 |
36.43 |
|
Debtor Days |
26.32 |
26.01 |
18.75 |
15.32 |
|
Liquidity or Acid test |
1.12 |
1.21 |
1.23 |
1.30 |
|
Return on Capital Employed |
-10.70% |
-16.30% |
6.57 % |
12.24% |
|
Return on Total Assets
Employed |
-5.96% |
-9.78% |
3.99 % |
7.51 % |
|
Current Debt Ratio |
0.81 % |
0.68 % |
0.66 % |
0.63 % |
|
Total Debt Ratio |
0.83 % |
0.71 % |
0.68 % |
0.64 % |
|
Stock Turnover Ratio |
20.32 % |
21.03% |
21.77% |
18.84% |
|
Return on Net Assets
Employed |
-10.97% |
-16.74% |
6.74 % |
12.39% |
Achieving high
levels of turnover. The general financial position appears to be in order and
heavy losses in recent years have been well covered from reserves. Should
continue to trade well for the foreseeable future.
14 April 2014 -
Shares in High Street fashion chain French Connection have jumped almost 12%
after the firm reported a sharp increase in sales. Like-for-like sales, which
exclude sales from new stores, rose 11% in the 11 weeks to 12 April from a year
ago. The retailer, which has 131 stores in the UK and Europe, credited its
"retail initiatives and improved product range" for the jump. It has
been trying to turn around the business after years of weak sales. The chain
said its performance had benefitted from the comparison with last year when first-half
sales fell 4.5%, but said it indicated that the "positive trend" seen
in the second half of last year was continuing.
Next accounts due
to be filled by 31/07/2015
Activity:
Subsidiary Involved in design and supply of branded fashion items
Trading Address:
Unit B, Dolphin Way, Purfleet, Essex RM19 1NZ
Branches: Group
operates around UK
Employees: 2,258
Bank: Barclays Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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.