|
Report No. : |
302406 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHARLES LETTS & CO LIMITED |
|
|
|
|
Registered Office : |
Excel house (4th Floor 30 Semple Street Edinburgh EH3) 8BL |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.01.2013 |
|
|
|
|
Date of Incorporation : |
08.11.1909 |
|
|
|
|
Com. Reg. No.: |
SC007315 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Binding and related services The publication of diaries from origin to sale |
|
|
|
|
No. of Employees : |
274 |
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 : |
Moderate |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Company Name: CHARLES LETTS & CO LIMITED
Company No: SC007315
Company Status: Active - Accounts Filed
|
Company Name |
CHARLES LETTS &
CO LIMITED |
Company Number |
SC007315 |
|
Registered Address |
Excel house (4th Floor 30 semple street Edinburgh EH3) 8BL |
Trading Address |
4th Floor 30 semple street Edinburgh, Midlothian EH3 8BL |
|
Website Address |
www.letts.co.uk |
||
|
Telephone Number |
02074078891 |
||
|
TPS |
- |
||
|
Incorporation Date |
08.11.1909 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
CHARLES LETTS (SCOTLAND) LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
28.10.2013 |
|
|
|
Share Capital |
£784,000 |
|
SIC03 |
Currency |
GBP |
|
|
SIC03 Description |
|||
|
SIC07 |
18140 |
||
|
SIC07 Description |
Binding and related services |
||
|
Principal Activity |
The publication of diaries from origin to sale. |
||
Current Directors
|
Name |
Gordon James
Donald Raw |
Date of Birth |
29/09/1962 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
38 |
Function |
Director |
|
Appointment
Date |
10/08/2000 |
|
|
|
Address |
Charles Letts
& Co. Limited Thornybank, Dalkeith, Midlothian, EH22 2NE |
||
|
Other Actions |
View Director
Report |
View Consumer
Report |
View AML
Report |
|
|
View Trace
Report |
|
|
|
Name |
Gordon Andrew
Presly |
Date of Birth |
07/03/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
32 |
Function |
Director |
|
Appointment
Date |
10/08/2000 |
|
|
|
Address |
Charles Letts
& Co. Limited, Thornybank, Dalkeith, Midlothian, EH22 2NE |
||
|
Other Actions |
View Director
Report |
View Consumer
Report |
View AML
Report |
|
|
View Trace
Report |
|
|
|
Name |
Harolde Savoy |
Date of Birth |
26/03/1959 |
|
Officers Title |
Mr |
Nationality |
Canadian |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment
Date |
08/11/2013 |
|
|
|
Address |
Unit 3 Victoria
Gardens, Burgess Hill, West Sussex, RH15 9NB |
||
|
Other Actions |
View Director
Report |
View Consumer
Report |
View AML
Report |
|
|
View Trace
Report |
|
|
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Timothy
Reginald Letts |
3 |
6 |
|
John Martin
Letts |
1 |
7 |
|
William Joseph
Swords |
3 |
2 |
|
Norman Edward
Mcquat Cuthbertson |
0 |
1 |
|
Richard Harrison |
1 |
84 |
|
Richard
Harrison |
1 |
84 |
|
David James
Watts |
0 |
2 |
|
Keith Taylor |
0 |
8 |
|
Frederick
James Moore |
0 |
1 |
|
Graham James
Bennington |
0 |
31 |
|
Anthony
Ashworth Letts |
5 |
19 |
|
Peter John
Casben |
3 |
18 |
|
Peter John
Casben |
3 |
18 |
|
John Julian
Davison |
0 |
10 |
|
DM COMPANY
SERVICES LIMITED |
97 |
185 |
|
Reginald David
Hall |
0 |
4 |
|
William Hornby
Gore |
33 |
48 |
|
William Joseph
Swords |
12 |
4 |
|
Stephen Rodger
Gavin Booth |
1 |
45 |
Current Company
Secretary
|
Name |
MACROBERTS
CORPORATE SERVICES LIMITED |
Date of Birth |
- |
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company
Secretary |
|
Appointment
Date |
15/05/2014 |
|
|
|
Address |
Capella Building
(10th Floor) 60 York Street, Glasgow, G2 8JX |
||
Mortgage Summary
Total Mortgage 17
Outstanding 3
Satisfied 14
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 - |
- |
|
|
Exact CCJ
Details
|
No CCJs found |
Possible CCJs
Details
|
There are no possible
CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
|
||
|
Date Charge
Created: |
19/04/13 |
|
|
|
Date Charge
Registered: |
30/04/13 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
THE ROYAL BANK
OF SCOTLAND PLC; |
||
|
Amount
Secured: |
|
||
|
Details: |
CONTAINS FIXED
CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
||
|
Mortgage Type: |
|
||
|
Date Charge
Created: |
19/04/13 |
|
|
|
Date Charge Registered: |
25/04/13 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
PNC FINANCIAL
SERVICES UK LTD; |
||
|
Amount
Secured: |
|
||
|
Details: |
ANY PATENTS,
TRADEMARKS, SERVICE MARKS,DESIGNS, BUSINESS NAMES, COPYRIGHTS, DESIGN RIGHTS,
MORAL RIGHTS, INVENTIONS...SEE FORM FOR FURTHER DETAILSCONTAINS FIXED
CHARGE.CONTAINS FLOATING CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF
CHARGE. |
||
|
Mortgage Type: |
|
||
|
Date Charge
Created: |
19/04/13 |
|
|
|
Date Charge
Registered: |
04/05/13 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
PNC BUSINESS
CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD; |
||
|
Amount
Secured: |
|
||
|
Details: |
CONTAINS
FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKINGOF THE
COMPANY.NOTIFICATION OF ADDITIONTO OR AMENDMENT OF CHARGE. |
||
|
Mortgage Type: |
FLOATING
CHARGE |
||
|
Date Charge
Created: |
09/03/06 |
|
|
|
Date Charge
Registered: |
12/10/13 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
THE ROYAL BANK
OF SCOTLAND PLC; |
||
|
Amount
Secured: |
|
||
|
Details: |
UNDERTAKING AND
ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED
CAPITAL |
||
|
Mortgage Type: |
FLOATING
CHARGE |
||
|
Date Charge
Created: |
09/03/06 |
|
|
|
Date Charge
Registered: |
12/10/13 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
THE ROYAL BANK
OF SCOTLAND PLC; |
||
|
Amount
Secured: |
|
||
|
Details: |
UNDERTAKING
AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING
UNCALLED CAPITAL |
||
|
Mortgage Type: |
FLOATING
CHARGE |
||
|
Date Charge
Created: |
10/08/00 |
|
|
|
Date Charge
Registered: |
14/08/00 |
|
|
|
Date Charge
Satisfied: |
18/03/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
THE GOVERNOR
AND COMPANY OF THE BANK OF SCOTLAND |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING
AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING
UNCALLED CAPITAL |
||
|
Mortgage Type: |
BOND &
FLOATING CHARGE |
||
|
Date Charge
Created: |
20/12/93 |
|
|
|
Date Charge
Registered: |
31/12/93 |
|
|
|
Date Charge
Satisfied: |
18/08/00 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
CHARLES LETTS
GROUP LIMITED |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING AND
ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED
CAPITAL |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
20/12/93 |
|
|
|
Date Charge
Registered: |
31/12/93 |
|
|
|
Date Charge
Satisfied: |
11/10/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
CHARLES LETTS
GROUP LIMITED |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE BY THE COM |
||
|
Details: |
ALL FREEHOLD
& LEASEHOLD PROPERTY, PLANT , MACHINERY ETC SEE COMPANIES HOUSE
MICROFICHE |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
31/03/92 |
|
|
|
Date Charge
Registered: |
21/04/92 |
|
|
|
Date Charge
Satisfied: |
11/10/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
HAMBROS BANK
LTD |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING
AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING
UNCALLED CAPITAL |
||
|
Mortgage Type: |
BOND &
FLOATING CHARGE |
||
|
Date Charge
Created: |
31/03/92 |
|
|
|
Date Charge Registered: |
21/04/92 |
|
|
|
Date Charge
Satisfied: |
28/06/00 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
HAMBROS BANK
LIMITED |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING AND
ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED
CAPITAL |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge
Created: |
31/03/92 |
|
|
|
Date Charge
Registered: |
21/04/92 |
|
|
|
Date Charge
Satisfied: |
11/10/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
HAMBROS BANK
LIMITED |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
A. ALL RIGHT
TITLE AND INTEREST OF THE COMPANY.B. ALL BOOK DEBTS AND OTHER DEBTS THE SUBECT
OF THE CHARGED DEEDS AS AND WHEN SHALL BECOME DUE OR OWING TO THE COMPANY
UPON RE-VESTING IN THE COMPANY WHETHER PURSUANT TO THE CHARGED DEEDS OR
OTHERWISE |
||
|
Mortgage Type: |
STANDARD
SECURITY |
||
|
Date Charge
Created: |
08/04/92 |
|
|
|
Date Charge
Registered: |
21/04/92 |
|
|
|
Date Charge
Satisfied: |
11/10/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
HAMBROS BANK
LIMITED |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
6 ACRES AND 4 DECIMAL
AT THORNYBANK INDUSTRIAL ESTATE, THORNYBANK, NEAR DALKEITH AS RELATIVE TO
DISPOSITION BY THE COUNTY COUNCIL IN FAVOUR OF THE COMPANY RECORDED GRS
280665. |
||
|
Mortgage Type: |
FLOATING
CHARGE |
||
|
Date Charge
Created: |
28/02/89 |
|
|
|
Date Charge
Registered: |
17/03/89 |
|
|
|
Date Charge
Satisfied: |
26/05/92 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK
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 |
||
|
Mortgage Type: |
FLOATING
CHARGE |
||
|
Date Charge
Created: |
25/01/89 |
|
|
|
Date Charge
Registered: |
01/02/89 |
|
|
|
Date Charge
Satisfied: |
08/05/90 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK
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 |
||
|
Mortgage Type: |
STANDARD
SECURITY |
||
|
Date Charge
Created: |
31/01/89 |
|
|
|
Date Charge
Registered: |
01/02/89 |
|
|
|
Date Charge
Satisfied: |
29/04/92 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK
PLC |
||
|
Amount Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
6.4 AND 12.16
ACRES OF GROUND AT THORNYBANK INDUSTRIAL ESTATE, DALKEITH |
||
|
Mortgage Type: |
STANDARD
SECURITY |
||
|
Date Charge
Created: |
04/02/88 |
|
|
|
Date Charge
Registered: |
19/02/88 |
|
|
|
Date Charge
Satisfied: |
25/04/89 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
INVESTORS IN
INDUSTRY PLC |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
FACTORY PREMISES
AT THORNYBANK INDUSTRIAL ESTATE, THORNYBANK, NEAR DALKEITH |
||
|
Mortgage Type: |
STANDARD
SECURITY |
||
|
Date Charge
Created: |
04/02/88 |
|
|
|
Date Charge
Registered: |
18/02/88 |
|
|
|
Date Charge
Satisfied: |
25/04/89 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC |
||
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
||
|
Details: |
6.4 &
12.16 ACRES OF GROUND AT THORNYBANK INDUSTRIAL ESTATE, DALKEITH |
||
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total
Share Count |
|
CHARLES LETTS
(HOLDINGS) LTD |
GBP |
784,000 |
ORDINARY |
1 |
100 |
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 4
Total Value of Documented Trade £3,178
Trade Payment Information
|
Average Invoice Value |
695.88 |
|
Invoices available |
212 |
|
Paid |
188 |
|
Outstanding |
24 |
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 |
4 |
£3,178 |
|
Company Name |
Amount |
Statement Date |
|
Panache Promotions Ltd |
£1,773 |
01/03/2011 |
|
Robertson Scaffolding Ltd |
£736 |
14/03/2011 |
|
Get Carter Express Freight Limited |
£383 |
16/09/2013 |
|
Roundhouse Computers Ltd |
£286 |
22/05/2013 |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
93 |
67 |
12 |
5 |
11 |
|
Outstanding |
11 |
2 |
5 |
2 |
4 |
Previous Company Names
|
Date |
Previous Name |
|
20/06/1994 |
CHARLES LETTS
(SCOTLAND) LIMITED |
Statistics
|
Group |
32 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries
|
Summary
|
Holding
Company |
CHARLES LETTS
(HOLDINGS) LIMITED |
|
Ownership
Status |
Wholly Owned |
|
Ultimate
Holding Company |
HSGP
INVESTMENTS LTD |
Group structure
|
Group |
32 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries
|
Other Linked
companies
|
Name |
|
Number |
Latest Key
Financials |
Turnover |
|
FILOFAX AB
FILIAL I FINLAND |
|
10632183 |
- |
|
Key Financials
Year to Date Turnover Pre Tax Profit Shareholder Funds Employees
31/01/2013 £21,900,000 -£73,000 £7,373,000
274
31/01/2012 £23,381,000 £1,042,000 £7,416,000
281
31/01/2011 £22,911,000 £921,000 £6,630,000
284
Profit &
Loss
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£21,900,000 |
-6.3% |
£23,381,000 |
2.1% |
£22,911,000 |
-0.9% |
£23,130,000 |
-6.5% |
£24,736,000 |
|
Export |
£5,771,000 |
-16.1% |
£6,877,000 |
1.6% |
£6,767,000 |
-5.7% |
£7,174,000 |
-8.2% |
£7,811,000 |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages &
Salaries |
£8,476,000 |
-1.1% |
£8,571,000 |
0.4% |
£8,535,000 |
-4.1% |
£8,898,000 |
-1.7% |
£9,053,000 |
|
Directors
Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Profit |
£162,000 |
-84.9% |
£1,070,000 |
13.8% |
£940,000 |
-5.3% |
£993,000 |
-50% |
£1,986,000 |
|
Depreciation |
£520,000 |
2.6% |
£507,000 |
-5.4% |
£536,000 |
0.4% |
£534,000 |
20.3% |
£444,000 |
|
Audit Fees |
£27,000 |
-10% |
£30,000 |
-3.2% |
£31,000 |
10.7% |
£28,000 |
21.7% |
£23,000 |
|
Interest
Payments |
£22,000 |
-26.7% |
£30,000 |
57.9% |
£19,000 |
-26.9% |
£26,000 |
-46.9% |
£49,000 |
|
Pre Tax Profit |
-£73,000 |
-107% |
£1,042,000 |
13.1% |
£921,000 |
-5.3% |
£973,000 |
-49.8% |
£1,939,000 |
|
Taxation |
£29,000 |
110.7% |
-£271,000 |
-3.8% |
-£261,000 |
9.4% |
-£288,000 |
48.8% |
-£562,000 |
|
Profit After
Tax |
-£44,000 |
-105.7% |
£771,000 |
16.8% |
£660,000 |
-3.6% |
£685,000 |
-50.3% |
£1,377,000 |
|
Dividends
Payable |
- |
- |
- |
-100% |
£2,000,000 |
- |
- |
- |
- |
|
Retained
Profit |
-£44,000 |
-105.7% |
£771,000 |
157.5% |
-£1,340,000 |
-295.6% |
£685,000 |
-50.3% |
£1,377,000 |
Balance Sheet
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Tangible
Assets |
£23,870,000 |
-31.7% |
£34,954,000 |
14.1% |
£30,641,000 |
6.3% |
£28,813,000 |
1.9% |
£28,285,000 |
|
Intangible
Assets |
£30,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed
Assets |
£23,900,000 |
-31.6% |
£34,954,000 |
14.1% |
£30,641,000 |
6.3% |
£28,813,000 |
1.9% |
£28,285,000 |
|
Stock |
£3,032,000 |
4.6% |
£2,900,000 |
8.3% |
£2,678,000 |
8.9% |
£2,459,000 |
9.9% |
£2,237,000 |
|
Trade Debtors |
£1,920,000 |
13.6% |
£1,690,000 |
-41.1% |
£2,871,000 |
16.5% |
£2,464,000 |
-8.2% |
£2,685,000 |
|
Cash |
£8,000 |
-98.6% |
£573,000 |
-61.4% |
£1,485,000 |
-43.9% |
£2,648,000 |
311.8% |
£643,000 |
|
Other Debtors |
£319,000 |
1.9% |
£313,000 |
9.8% |
£285,000 |
-24.2% |
£376,000 |
14.6% |
£328,000 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current
Assets |
£5,279,000 |
-3.6% |
£5,476,000 |
-25.2% |
£7,319,000 |
-7.9% |
£7,947,000 |
34.9% |
£5,893,000 |
|
Trade
Creditors |
£2,339,000 |
-30.6% |
£3,372,000 |
56% |
£2,162,000 |
28.6% |
£1,681,000 |
-42.1% |
£2,904,000 |
|
Bank Loans
& Overdrafts |
£87,000 |
- |
0 |
- |
0 |
-100% |
£93,000 |
- |
0 |
|
Other Short
Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current
Liabilities |
£2,019,000 |
10.6% |
£1,826,000 |
13.6% |
£1,608,000 |
-2.7% |
£1,652,000 |
-11% |
£1,856,000 |
|
Total Current
Liabilities |
£4,445,000 |
-14.5% |
£5,198,000 |
37.9% |
£3,770,000 |
10% |
£3,426,000 |
-28% |
£4,760,000 |
|
Bank Loans
& Overdrafts and LTL |
£17,448,000 |
-37.3% |
£27,816,000 |
0.9% |
£27,560,000 |
8% |
£25,529,000 |
14.8% |
£22,246,000 |
|
Other Long
Term Finance |
£17,144,000 |
-38.1% |
£27,710,000 |
1.1% |
£27,422,000 |
8.6% |
£25,260,000 |
14.4% |
£22,071,000 |
|
Total Long
Term Liabilities |
£17,361,000 |
-37.6% |
£27,816,000 |
0.9% |
£27,560,000 |
8.4% |
£25,436,000 |
14.3% |
£22,246,000 |
Capital &
Reserves
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Called Up
Share Capital |
£784,000 |
- |
£784,000 |
- |
£784,000 |
- |
£784,000 |
- |
£784,000 |
|
P & L
Account Reserve |
£6,267,000 |
-0.7% |
£6,311,000 |
13.9% |
£5,540,000 |
-19.5% |
£6,880,000 |
11.1% |
£6,195,000 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
£322,000 |
0.3% |
£321,000 |
4.9% |
£306,000 |
30.8% |
£234,000 |
21.2% |
£193,000 |
|
Shareholder
Funds |
£7,373,000 |
-0.6% |
£7,416,000 |
11.9% |
£6,630,000 |
-16.1% |
£7,898,000 |
10.1% |
£7,172,000 |
Other Financial Items
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Net Worth |
£7,343,000 |
-1% |
£7,416,000 |
11.9% |
£6,630,000 |
-16.1% |
£7,898,000 |
10.1% |
£7,172,000 |
|
Working
Capital |
£834,000 |
200% |
£278,000 |
-92.2% |
£3,549,000 |
-21.5% |
£4,521,000 |
299% |
£1,133,000 |
|
Total Assets |
£29,179,000 |
-27.8% |
£40,430,000 |
6.5% |
£37,960,000 |
3.3% |
£36,760,000 |
7.6% |
£34,178,000 |
|
Total
Liabilities |
£21,806,000 |
-33.9% |
£33,014,000 |
5.4% |
£31,330,000 |
8.6% |
£28,862,000 |
6.9% |
£27,006,000 |
|
Net Assets |
£7,373,000 |
-0.6% |
£7,416,000 |
11.9% |
£6,630,000 |
-16.1% |
£7,898,000 |
10.1% |
£7,172,000 |
Cash Flow
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Net Cashflow
from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow
before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow
from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of
Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Contingent
Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital
Employed |
£24,734,000 |
-29.8% |
£35,232,000 |
3% |
£34,190,000 |
2.6% |
£33,334,000 |
13.3% |
£29,418,000 |
|
Number of
Employees |
274 |
-2.5% |
281 |
-1.1% |
284 |
-6.6% |
304 |
-9% |
334 |
|
Auditors |
ERNST &
YOUNG LLP |
||||||||
|
Auditor
Comments |
The audit report
contains no adverse comments |
||||||||
|
Bankers |
ROYAL BANK OF
SCOTLAND |
||||||||
|
Bank Branch
Code |
83-06-08 |
||||||||
Ratios
|
Date Of
Accounts |
31/01/13 |
31/01/12 |
31/01/11 |
31/01/10 |
31/01/09 |
|
Pre-tax profit
margin % |
-0.33 |
4.46 |
4.02 |
4.21 |
7.84 |
|
Current ratio |
1.19 |
1.05 |
1.94 |
2.32 |
1.24 |
|
Sales/Net
Working Capital |
26.26 |
84.10 |
6.46 |
5.12 |
21.83 |
|
Gearing % |
236.60 |
375.10 |
415.70 |
323.20 |
310.20 |
|
Equity in % |
25.30 |
18.30 |
17.50 |
21.50 |
21 |
|
Creditor Days |
38.87 |
52.49 |
34.34 |
26.45 |
42.73 |
|
Debtor Days |
31.91 |
26.31 |
45.61 |
38.77 |
39.51 |
|
Liquidity/Acid
Test |
0.50 |
0.49 |
1.23 |
1.60 |
0.76 |
|
Return On
Capital Employed % |
-0.29 |
2.95 |
2.69 |
2.91 |
6.59 |
|
Return On Total
Assets Employed % |
-0.25 |
2.57 |
2.42 |
2.64 |
5.67 |
|
Current Debt
Ratio |
0.60 |
0.70 |
0.56 |
0.43 |
0.66 |
|
Total Debt
Ratio |
2.95 |
4.45 |
4.72 |
3.65 |
3.76 |
|
Stock Turnover
Ratio % |
13.84 |
12.40 |
11.68 |
10.63 |
9.04 |
|
Return on Net Assets
Employed % |
-0.99 |
14.05 |
13.89 |
12.31 |
27.03 |
N/a
Enquiries Trend
|
There have
been 170 enquiries in the last 12 months. |
|
There are an average
of 14 reports taken each month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
13 |
63 |
109 |
|
Total Current
Directors |
3 |
|
Total Current
Secretaries |
1 |
|
Total Previous
Directors / Company Secretaries |
19 |
Status History
|
No Status
History found |
Event History
|
Date |
Description |
|
19/05/2014 |
Change in
Reg.Office |
|
19/05/2014 |
Change of
Company Postcode |
|
19/05/2014 |
DM COMPANY
SERVICES (LONDON) LIMITE has resigned as company secretary |
|
19/05/2014 |
New Company
Secretary MACROBERTS CORPORATE SERVICES LIMIT appointed |
|
27/11/2013 |
Annual Returns |
|
12/11/2013 |
New Board
Member Mr H. Savoy appointed |
|
05/11/2013 |
New Accounts
Filed |
|
06/12/2012 |
Annual Returns |
|
05/11/2012 |
New Accounts
Filed |
|
05/12/2011 |
Annual Returns |
|
21/10/2011 |
New Accounts
Filed |
|
29/11/2010 |
Annual Returns |
|
25/10/2010 |
New Accounts
Filed |
|
25/10/2010 |
New Accounts
Filed |
|
28/12/2009 |
Annual Returns |
Commentary
|
No exact match
CCJs are recorded against the company. |
|
Net Worth
decreased by 1% during the latest trading period. |
|
The audit
report contains no adverse comments. |
|
A 27.8%
decline in Total Assets occurred during the latest trading period. |
|
Pre-tax
profits decreased by 107% compared to the previous trading period. |
|
The company
saw a decrease in their Cash Balance of 98.6% during the latest trading
period. |
|
The company
has undergone recent changes in its directorships. |
|
The company is
part of a group. |
|
The company
has changed its registered address recently. |
|
The company
was established over 104 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
|
1 |
Rs.98.72 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.