|
Report No. : |
333242 |
|
Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LONDON STONE PAVING LTD |
|
|
|
|
Formerly Known as: |
LIVINGSTONE LTD |
|
|
|
|
Registered Office : |
Berkshire Garden Centre Sutton Lane Langley
Sl3 8ah |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
28.12.2005 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
LINE OF BUSINESS : |
CUTTING,
SHAPING AND FINISHING OF STONE |
|
|
|
|
No. of Employee : |
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 became a net importer of energy in 2005. Services,
particularly banking, insurance, and business services, are key drivers of
British GDP growth. Manufacturing, meanwhile, has declined in importance but
still accounts for about 10% of economic output. In 2008, the global financial
crisis hit the economy particularly hard, due to the importance of its
financial sector. Falling home prices, high consumer debt, and the global
economic slowdown compounded Britain's economic problems, pushing the economy
into recession in the latter half of 2008 and prompting the then BROWN (Labour)
government to implement a number of measures to stimulate the economy and
stabilize the financial markets. Facing burgeoning public deficits and debt
levels, in 2010 the CAMERON-led coalition government (between Conservatives and
Liberal Democrats) initiated an austerity program, which aimed to lower
London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. The
CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has
pledged to reduce the corporation tax rate to 20% by 2015. However, the deficit
still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank
of England (BoE) implemented an asset purchase program of �375 billion
(approximately $586 billion) as of December 2014. During times of economic
crisis, the BoE coordinates interest rate moves with the European Central Bank,
but Britain remains outside the European Economic and Monetary Union (EMU). In
2012, weak consumer spending and subdued business investment weighed on the
economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of
greater consumer spending and a recovering housing market.
|
Source
: CIA |
Company Name: LONDON
STONE PAVING LTD
Company No: 05663226
Company Status: Active -
Accounts Filed
Registered Address: BERKSHIRE GARDEN CENTRE SUTTON LANE
LANGLEY SL3 8AH
Registered
Address
Berkshire Garden Centre
Sutton Lane
Langley
Sl3 8ah
Trading
Address
Berkshire Garden Centre
Sutton Lane
Langley
Slough, Berkshire
SL3 8AH
Trading
Address
London Stone. Paving Ltd.
Vermuelens Garden Centre,
Horton Road, Stanwell Moor
Middlesex Tw 19 6ae
Website Address http://www.pokerisk.com
Telephone Number -
TPS -
FPS No
Incorporation Date 28/12/2005
Previous Name LIVINGSTONE LTD
Type Private
limited with Share Capital
FTSE Index -
Date of Change 06/08/2007
Filing Date of Accounts 24/03/2015
Currency GBP
Share Capital £75
SIC07 23700
Charity Number -
SIC07 Description CUTTING,
SHAPING AND FINISHING OF STONE
Principal Activity
Total Mortgage 2
Outstanding 2
Satisfied 0
Total Number of Documented Trade 1
Total Value of Documented Trade £2,034
|
This company has only made late payments on a low percentage of
invoices. |
|
|
The latest Balance Sheet indicates a positive net working capital
position. |
|
|
There has been an increase in shareholders funds compared with the
previous balance sheet. |
|
|
This company trades in an industry with a higher 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 |
1 |
|
Name |
Steven John Walley |
Date of Birth |
03/01/1979 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
28/12/2005 |
||
|
Address |
27 Station Street, Chertsey, Surrey, KT16 8BE |
||
|
Name |
Gavin Douglas Walley |
Date of Birth |
06/12/1977 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
28/12/2005 |
||
|
Address |
85 Godstone Road, Twickenham, Middlesex, TW1 1JY |
||
|
Name |
Duncan Stuart Walley |
Date of Birth |
25/10/1980 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
28/12/2005 |
||
|
Address |
2 Turner Avenue, Fleet, Hampshire, GU51 1DX |
||
|
Name |
Steven John Walley |
Date of Birth |
03/01/1979 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Company Secretary |
|
Appointment Date |
28/12/2005 |
||
|
Address |
27 Station Street, Chertsey, Surrey, KT16 8BE |
||
Top 20
Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR STEVEN JOHN WALLEY |
GBP |
25 |
ORDINARY C |
1 |
33.33 |
|
MR DUNCAN STUART WALLEY |
GBP |
25 |
ORDINARY A |
1 |
33.33 |
|
MR GAVIN DOUGLAS WALLEY |
GBP |
25 |
ORDINARY B |
1 |
33.33 |
Profit & Loss
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£239,154 |
30.1% |
£183,882 |
67.2% |
£109,953 |
788.4% |
£12,376 |
21.8% |
£10,165 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Tangible Assets |
£994,451 |
34.5% |
£739,532 |
76.4% |
£419,319 |
39.5% |
£300,671 |
742.1% |
£35,704 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£994,451 |
34.5% |
£739,532 |
76.4% |
£419,319 |
39.5% |
£300,671 |
742.1% |
£35,704 |
|
Stock |
£1,182,637 |
14.2% |
£1,035,636 |
14.7% |
£903,172 |
95% |
£463,167 |
58.5% |
£292,213 |
|
Trade Debtors |
£657,304 |
97.6% |
£332,710 |
88.7% |
£176,327 |
280.1% |
£46,387 |
130.4% |
£20,131 |
|
Cash |
£282,862 |
235.7% |
£84,250 |
294.5% |
£21,357 |
-79.5% |
£104,145 |
181.7% |
£36,964 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£2,122,803 |
46.1% |
£1,452,596 |
32% |
£1,100,856 |
79.4% |
£613,699 |
75.7% |
£349,308 |
|
Trade Creditors |
£1,815,399 |
48.9% |
£1,219,142 |
31.6% |
£926,585 |
59.3% |
£581,820 |
85.6% |
£313,438 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£1,815,399 |
48.9% |
£1,219,142 |
31.6% |
£926,585 |
59.3% |
£581,820 |
85.6% |
£313,438 |
|
Bank Loans & Overdrafts and LTL |
£369,990 |
-11.5% |
£418,277 |
95.5% |
£213,903 |
-16.1% |
£255,071 |
488.7% |
£43,330 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£369,990 |
-11.5% |
£418,277 |
95.5% |
£213,903 |
-16.1% |
£255,071 |
488.7% |
£43,330 |
.
Capital &
Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Called Up Share Capital |
£75 |
- |
£75 |
- |
£75 |
- |
£75 |
- |
£75 |
|
P & L Account Reserve |
£931,765 |
68% |
£554,609 |
46.1% |
£379,587 |
390.6% |
£77,379 |
174.9% |
£28,144 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£25 |
- |
£25 |
- |
£25 |
- |
£25 |
- |
£25 |
|
Shareholder Funds |
£931,865 |
68% |
£554,709 |
46.1% |
£379,687 |
390.1% |
£77,479 |
174.3% |
£28,244 |
Other Financial
Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Worth |
£931,865 |
68% |
£554,709 |
46.1% |
£379,687 |
390.1% |
£77,479 |
174.3% |
£28,244 |
|
Working Capital |
£307,404 |
31.7% |
£233,454 |
34% |
£174,271 |
446.7% |
£31,879 |
-11.1% |
£35,870 |
|
Total Assets |
£3,117,254 |
42.2% |
£2,192,128 |
44.2% |
£1,520,175 |
66.3% |
£914,370 |
137.5% |
£385,012 |
|
Total Liabilities |
£2,185,389 |
33.5% |
£1,637,419 |
43.6% |
£1,140,488 |
36.3% |
£836,891 |
134.6% |
£356,768 |
|
Net Assets |
£931,865 |
68% |
£554,709 |
46.1% |
£379,687 |
390.1% |
£77,479 |
174.3% |
£28,244 |
Cash Flow
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£1,301,855 |
33.8% |
£972,986 |
63.9% |
£593,590 |
78.5% |
£332,550 |
364.6% |
£71,574 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
BRUCE MARSHALL & CO LIMITED |
||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/12/14 |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.17 |
1.19 |
1.19 |
1.05 |
1.11 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
39.70 |
75.40 |
56.30 |
329.20 |
153.40 |
|
Equity in % |
29.90 |
25.30 |
25 |
8.50 |
7.30 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.51 |
0.34 |
0.21 |
0.25 |
0.18 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
1.94 |
2.19 |
2.44 |
7.50 |
11.09 |
|
Total Debt Ratio |
2.34 |
2.95 |
3 |
10.80 |
12.63 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
27/03/2015 |
New Accounts Filed |
|
09/01/2015 |
Annual Returns |
|
16/05/2014 |
Change in Reg.Office |
|
16/05/2014 |
Change of Company Postcode |
|
03/02/2014 |
New Accounts Filed |
|
03/02/2014 |
New Accounts Filed |
|
10/01/2014 |
Annual Returns |
|
09/08/2013 |
New Board Member Mr D.S. Walley appointed |
|
11/02/2013 |
New Accounts Filed |
|
07/01/2013 |
Annual Returns |
|
02/03/2012 |
New Accounts Filed |
|
06/01/2012 |
Annual Returns |
|
26/05/2011 |
New Accounts Filed |
|
26/05/2011 |
New Accounts Filed |
|
01/02/2011 |
Annual Returns |
Previous Company
Names
|
Date |
Previous Name |
|
06/08/2007 |
LIVINGSTONE LTD |
|
22/05/2007 |
INDIAN STONE DIRECT LIMITED |
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group Structure
Full
|
|
Mortgage Type: |
|||
|
Date Charge Created: |
19/02/15 |
||
|
Date Charge Registered: |
19/02/15 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC ASSET FINANCE (UK) LTD;HSBC EQUIPMENT FINANCE (UK) LTD; |
||
|
Amount Secured: |
|||
|
Details: |
ASSIGNMENTCONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
09/07/08 |
||
|
Date Charge Registered: |
12/07/08 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
Trade Debtors /
Bad Debt Detail
|
Total Number of Documented Trade |
Total Value of Documented Trade |
||
|
Trade Debtors |
1 |
£2,034 |
|
|
Company Name |
Amount |
Statement Date |
|
|
V12 Landscapes Ltd |
£2,034 |
27/02/2015 |
|
Name |
Current Directorships |
Previous Directorships |
|
|
Benjamin Robert Paul West |
1 |
1 |
|
|
Average Invoice Value |
Ł204.36 |
||
|
Invoices available |
442 |
||
|
Paid |
439 |
||
|
Outstanding |
3 |
||
|
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 |
155 |
224 |
49 |
11 |
0 |
|
Outstanding |
1 |
1 |
0 |
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
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.