MIRA INFORM REPORT
|
Report No. : |
326267 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLACK CLAWSON LIMITED |
|
|
|
|
Formerly Known As : |
BANDFIGURE LIMITED |
|
|
|
|
Registered Office : |
Unit 2 USK Side Business Park USK Side Business Park, Church S Newport NP20 2TX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
25.05.2000 |
|
|
|
|
Com. Reg. No.: |
04001476 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
Not Available |
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 – 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. 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
BLACK CLAWSON LIMITED
Company
No.
04001476
Company
Status
Active - Accounts Filed
Registered
Address
UNIT
2 USK SIDE BUSINESS PARK
USK
SIDE BUSINESS PARK,
CHURCH S NEWPORT
NP20
2TX
Company
Summary
Registered Address UNIT 2 USK SIDE BUSINESS PARK Trading
Address Unit 2
USK SIDE BUSINESS PARK, Usk
Side Business Park
CHURCH S Church
Street
NEWPORT Newport,
Gwent
NP20 2TX NP20
2TX
Website
Address http ://www.blackclawsonlimited.co.uk
Telephone Number 01633463050
Fax Number TPS No
FPS No Incorporation Date 25/05/2000
Previous Name BANDFIGURE LIMITED Type Private
limited with
Share Capital
FTSE Index - Date of Change 14/07/2000
Filing Date of Accounts 30/04/2015 Currency GBP
Share Capital £1,000 SIC07 28950
Charity Number -
SIC07 Description MANUFACTURE OF MACHINERY FOR PAPER AND PAPERBOARD PRODUCTION
Principal Activity Supply of capital equipment and spare parts to the paper and plastic
industries.
Key
Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
30/06/2014 |
- |
- |
£82,172 |
- |
|
30/06/2013 |
- |
- |
£133,476 |
- |
|
30/06/2012 |
- |
- |
-£61,241 |
- |
Mortgage
Summary
Total Mortgage 1
Outstanding 0
Satisfied 1
Trade
Debtors / Bad Debt Summary
Total Number of
Documented Trade 0
Total Value of
Documented Trade £0
Commentary
|
This company has been treated as a Small company in respect of the rating/limit generated. |
|
This company has only made late payments on a low percentage of invoices. |
|
The latest Balance Sheet indicates a positive net working capital position. |
|
The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits. |
|
There has been a reduction in shareholders funds compared with the previous balance sheet. |
|
This company trades in an industry with a moderate 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 |
3 |
Current
Directors
|
Name |
Anthony John Mogridge |
Date of Birth |
15/04/1953 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
27/06/2000 |
||
|
Address |
13 Highfield Gardens, Bassaleg, Newport, Gwent, NP10 8LR
|
||
|
Name |
Susan Mary Ward |
Date of Birth |
12/11/1957 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
02/07/2012 |
||
|
Address |
Unit 2 Usk Side Business Park, Usk Side Business Park,
Church Street, Newport, Gwent, NP20 2TX |
||
Current
Company Secretary
|
Name |
Anthony John Mogridge |
Date of Birth |
15/04/1953 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
9 |
Function |
Company Secretary |
|
Appointment Date |
27/06/2000 |
||
|
Address |
13 Highfield Gardens, Bassaleg, Newport, Gwent, NP10 8LR
|
||
Top
20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
BCL HOLDINGS LTD |
GBP |
1,000 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
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 |
£2,574 |
8.3% |
£2,376 |
96.2% |
£1,211 |
1.9% |
£1,188 |
- |
£1,188 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance
Sheet
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
|
Tangible Assets |
£90,133 |
999.9% |
£2,587 |
-56.6% |
£5,959 |
46% |
£4,082 |
-2.9% |
£4,206 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£90,133 |
999.9% |
£2,587 |
-56.6% |
£5,959 |
46% |
£4,082 |
-2.9% |
£4,206 |
|
|
Stock |
£489,240 |
717.4% |
£59,854 |
-66.1% |
£176,426 |
790.8% |
£19,806 |
29.7% |
£15,276 |
|
|
Trade Debtors |
£267,467 |
57.2% |
£170,188 |
-9.6% |
£188,175 |
-74.3% |
£732,878 |
537.3% |
£115,006 |
|
|
Cash |
£183,627 |
-71.1% |
£635,293 |
49.1% |
£426,019 |
420.9% |
£81,784 |
-8.1% |
£88,997 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£940,334 |
8.7% |
£865,335 |
9.5% |
£790,620 |
-5.3% |
£834,468 |
280.6% |
£219,279 |
|
|
Trade Creditors |
£830,978 |
34.6% |
£617,424 |
-14.6% |
£723,320 |
-13% |
£831,435 |
230.6% |
£251,491 |
|
|
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 |
£830,978 |
34.6% |
£617,424 |
-14.6% |
£723,320 |
-13% |
£831,435 |
230.6% |
£251,491 |
|
|
Bank Loans & Overdrafts and LTL |
£117,317 |
0.3% |
£117,022 |
-13% |
£134,500 |
-10.3% |
£150,000 |
- |
£150,000 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£117,317 |
0.3% |
£117,022 |
-13% |
£134,500 |
-10.3% |
£150,000 |
- |
£150,000 |
Capital
& Reserves
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
|
Called Up Share Capital |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
|
P & L Account Reserve |
£81,172 |
-38.7% |
£132,476 |
312.8% |
-£62,241 |
56.7% |
-£143,885 |
19.6% |
-£179,006 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£82,172 |
-38.4% |
£133,476 |
318% |
-£61,241 |
57.1% |
-£142,885 |
19.7% |
-£178,006 |
Other
Financial Items
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
|
Net Worth |
£82,172 |
-38.4% |
£133,476 |
318% |
-£61,241 |
57.1% |
-£142,885 |
19.7% |
-£178,006 |
|
|
Working Capital |
£109,356 |
-55.9% |
£247,911 |
268.4% |
£67,300 |
999.9% |
£3,033 |
109.4% |
-£32,212 |
|
|
Total Assets |
£1,030,467 |
18.7% |
£867,922 |
9% |
£796,579 |
-5% |
£838,550 |
275.2% |
£223,485 |
|
|
Total Liabilities |
£948,295 |
29.1% |
£734,446 |
-14.4% |
£857,820 |
-12.6% |
£981,435 |
144.4% |
£401,491 |
|
|
Net Assets |
£82,172 |
-38.4% |
£133,476 |
318% |
-£61,241 |
57.1% |
-£142,885 |
19.7% |
-£178,006 |
Cash
Flow
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£199,489 |
-20.4% |
£250,498 |
241.9% |
£73,259 |
929.6% |
£7,115 |
125.4% |
-£28,006 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
||||||||||
|
Auditor Comments |
The company is exempt from audit |
|||||||||
|
Bankers |
HSBC BANK PLC |
|||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
30/06/14 |
30/06/13 |
30/06/12 |
30/06/11 |
30/06/10 |
|
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
1.13 |
1.40 |
1.09 |
1 |
0.87 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
142.80 |
87.70 |
-219.60 |
-105 |
-84.30 |
|
|
Equity in % |
8 |
15.40 |
-7.70 |
-17 |
-79.70 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.54 |
1.30 |
0.84 |
0.97 |
0.81 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
10.11 |
4.62 |
-11.81 |
-5.81 |
-1.41 |
|
|
Total Debt Ratio |
11.54 |
5.50 |
-14 |
-6.86 |
-2.25 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report
Notes
There are no notes to display.
Status
History
No Status History found
*Event
History View Documents
|
Date |
Description |
|
05/06/2015 |
Annual Returns |
|
14/05/2015 |
New Accounts Filed |
|
21/06/2014 |
Annual Returns |
|
07/04/2014 |
New Accounts Filed |
|
10/06/2013 |
Annual Returns |
|
06/04/2013 |
New Accounts Filed |
|
02/04/2013 |
Change in Reg.Office |
|
02/04/2013 |
Change of Company Postcode |
|
25/09/2012 |
Mr G.A. Harnett has left the board |
|
25/09/2012 |
New Board Member Mrs S.M. Ward appointed |
|
18/06/2012 |
Annual Returns |
|
19/04/2012 |
Change of Company Postcode |
|
04/02/2012 |
New Accounts Filed |
|
31/01/2012 |
Change of Company Postcode |
|
03/06/2011 |
Annual Returns |
Previous
Company Names
|
Date |
Previous Name |
|
14/07/2000 |
BANDFIGURE LIMITED |
Writ
Details
No writs found
Statistics
|
Group |
3 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
BCL (HOLDINGS) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
BCL (HOLDINGS) LIMITED |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
BCL (HOLDINGS)
LIMITED |
08725853 |
- |
N |
|
|
BLACK CLAWSON
LIMITED |
04001476 |
30.06.2014 |
N |
|
|
B & B
ENVIRONMENTAL SE... |
08731818 |
- |
N |
Mortgage
Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
27/05/03 |
||
|
Date Charge Registered: |
29/05/03 |
||
|
Date Charge Satisfied: |
20/01/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
|||
|
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 |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Gerald Anthony Harnett |
0 |
1 |
|
INSTANT COMPANIES LIMITED |
2431 |
120340 |
|
SWIFT INCORPORATIONS LIMITED |
2579 |
263489 |
|
Average Invoice Value |
Ł149.21 |
|
Invoices available |
26 |
|
Paid |
24 |
|
Outstanding |
2 |
|
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 |
17 |
7 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
1 |
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
VNT |
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.
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