MIRA INFORM REPORT

 

 

Report No. :

311558

Report Date :

13.03.2015

 

IDENTIFICATION DETAILS

 

Name :

PETER SAVAGE LIMITED

 

 

Formerly Known as : 

PETER SAVAGE IRON & STEEL COMPANY LIMITED

 

 

Registered Office :

Liberty House, Liberty Business Park, Attleborough Nuneaton, Cv11 6rz

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

02.08.1976

 

 

Com. Reg. No.:

01271357

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

·         Engaged in the field of Access Covers, Gully Gratings, Channel Drainage and Geotextile Product Solutions

·         Engaged as suppliers of Manhole Covers, Gully Gratings, Surface Boxes and Associated Drainage Products.

 

 

No of Employees :

84 (31.12.2013)

 

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. 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 Summary

 

PETER SAVAGE LIMITED

 

 

Company No

 

01271357

 

 

Registered Address

LIBERTY HOUSE
LIBERTY BUSINESS PARK
ATTLEBOROUGH NUNEATON
CV11 6RZ

 

Trading Address

Liberty House
Liberty Way
Attleborough Fields Ind Estate
Nuneaton, Warwickshire
CV11 6RZ

Website Address                       http://www.peter-savage.co.uk

 

Telephone Number                    02476641777

Fax Number                              02476375250

TPS                                          No

FPS                                          Yes

Incorporation Date                     02/08/1976

Previous Name                          PETER SAVAGE IRON & STEEL COMPANY LIMITED

Type                                         Private limited with Share Capital

Date of Change                         29/09/1989

Filing Date of Accounts             23/07/2014

Currency                                   GBP

Share Capital                            £100

 

Principal Activity

·         Engaged in the field of Access Covers, Gully Gratings, Channel Drainage and Geotextile Product Solutions

·         Engaged as suppliers of Manhole Covers, Gully Gratings, Surface Boxes and Associated Drainage Products.

 

 

Key Financials

 

Year to Date                 Turnover                      Pre Tax Profit               Shareholder Funds      Employees

31/12/2013                    £16,131,684                  £688,271                       £6,060,703                    84

31/12/2012                    £15,019,174                  -£53,427                        £5,610,727                    84

31/12/2011                    £15,634,691                  £353,079                       £5,737,784                    83

 

Mortgage Summary

 

Total Mortgage              13

Outstanding                  5

Satisfied                       8

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   7

Total Value of Documented Trade                      £32,457

 

 

Commentary

 

This company has been treated as a Medium company

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company has made late payments on a very high percentage of invoices.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a higher level of corporate failures.

 

 

Current Directors

 

Name

Paul John Smith

Date of Birth

16/07/1967

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/09/2000

Address

14 Buchan Close, Galley Common, Nuneaton, Warwickshire, CV10 9RR

 

Name

Susan Jane Hodgson

Date of Birth

27/09/1963

Officers Title

Mrs

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

18/08/2004

Address

235 College Street, Nuneaton, Warwickshire, CV10 7BL

 

Name

Alan Roger Hampton

Date of Birth

07/04/1947

Officers Title

Mr

Nationality

British

Present Appointments

22

Function

Director

Appointment Date

31/08/2002

Address

7 Bath Road, Bristol, South Gloucestershire, BS4 3DP

 

Current Company Secretary

 

Name

Susan Jane Hodgson

Date of Birth

27/09/1963

Officers Title

Mrs

Nationality

British

Present Appointments

7

Function

Company Secretary

Appointment Date

18/08/2004

Address

235 College Street, Nuneaton, Warwickshire, CV10 7BL

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

EUROPEAN DRAINAGE SYSTEMS HOLDINGS LTD

GBP

100

ORDINARY

1

100

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£16,131,684

7.4%

£15,019,174

-3.9%

£15,634,691

3.5%

£15,098,900

2.7%

£14,698,385

Export

£390,589

2.3%

£381,766

45.2%

£262,909

-51.6%

£543,574

15%

£472,746

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

£2,462,195

3.3%

£2,382,501

6.5%

£2,237,528

8.1%

£2,069,305

0.8%

£2,053,417

Directors Emoluments

£203,146

2.8%

£197,592

0.5%

£196,564

-17.4%

£237,870

-18.6%

£292,223

Operating Profit

£764,307

8.5%

£704,467

70%

£414,415

-53.4%

£890,088

18.3%

£752,298

Depreciation

£243,935

-8.3%

£265,980

12.5%

£236,481

22.6%

£192,863

28.5%

£150,060

Audit Fees

£15,400

14.9%

£13,400

-19.8%

£16,700

9.9%

£15,200

3.1%

£14,750

Interest Payments

£76,337

-6.4%

£81,537

32.9%

£61,342

14.9%

£53,369

7%

£49,894

Pre Tax Profit

£688,271

999.9%

-£53,427

-115.1%

£353,079

-57.8%

£837,200

19.2%

£702,404

Taxation

-£138,295

-999.9%

£14,960

117.1%

-£87,308

60.5%

-£220,945

-21.2%

-£182,329

Profit After Tax

£549,976

999.9%

-£38,467

-114.5%

£265,771

-56.9%

£616,255

18.5%

£520,075

Dividends Payable

£100,000

12.9%

£88,590

-

-

-100%

£205,418

18.5%

£173,358

Retained Profit

£449,976

454.2%

-£127,057

-147.8%

£265,771

-35.3%

£410,837

18.5%

£346,717

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£3,554,759

-2.6%

£3,647,794

493.1%

£615,061

-82.8%

£3,575,308

7.4%

£3,329,925

Intangible Assets

£42,910

-

0

-

0

-

0

-

0

Total Fixed Assets

£3,597,669

-1.4%

£3,647,794

493.1%

£615,061

-82.8%

£3,575,308

7.4%

£3,329,925

Stock

£3,670,061

27.9%

£2,869,097

-6.3%

£3,061,110

-20.1%

£3,831,545

27.8%

£2,997,323

Trade Debtors

£3,424,838

11.3%

£3,076,128

-19.9%

£3,842,000

80.8%

£2,125,499

-14.7%

£2,491,968

Cash

£52,092

-83.5%

£315,779

999.9%

£1,215

45.5%

£835

-98.8%

£68,915

Other Debtors

£553,530

4.8%

£527,989

-83.4%

£3,180,105

999.9%

£105,455

11.5%

£94,583

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£7,700,521

13.4%

£6,788,993

-32.7%

£10,084,430

66.3%

£6,063,334

7.3%

£5,652,789

Trade Creditors

£1,709,860

-17.6%

£2,075,308

7.1%

£1,938,137

29.8%

£1,493,112

29.9%

£1,149,818

Bank Loans & Overdrafts

£2,773,233

12.5%

£2,464,108

-5.8%

£2,616,229

34.6%

£1,944,329

-6.2%

£2,072,584

Other Short Term Finance

£159,500

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

£594,894

110.3%

£282,935

-25.8%

£381,506

-45.5%

£700,017

2.6%

£682,120

Total Current Liabilities

£5,237,487

8.6%

£4,822,351

-2.3%

£4,935,872

19.3%

£4,137,458

6%

£3,904,522

Bank Loans & Overdrafts and LTL

£2,773,233

12.4%

£2,467,817

-6.6%

£2,642,064

33.9%

£1,973,500

-5.6%

£2,089,600

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-100%

£3,709

-85.6%

£25,835

-11.4%

£29,171

71.4%

£17,016

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£6,060,603

8%

£5,610,627

-2.2%

£5,737,684

4.9%

£5,471,913

8.1%

£5,061,076

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£6,060,703

8%

£5,610,727

-2.2%

£5,737,784

4.9%

£5,472,013

8.1%

£5,061,176

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£6,017,793

7.3%

£5,610,727

-2.2%

£5,737,784

4.9%

£5,472,013

8.1%

£5,061,176

Working Capital

£2,463,034

25.2%

£1,966,642

-61.8%

£5,148,558

167.3%

£1,925,876

10.2%

£1,748,267

Total Assets

£11,298,190

8.3%

£10,436,787

-2.5%

£10,699,491

11%

£9,638,642

7.3%

£8,982,714

Total Liabilities

£5,237,487

8.5%

£4,826,060

-2.7%

£4,961,707

19.1%

£4,166,629

6.2%

£3,921,538

Net Assets

£6,060,703

8%

£5,610,727

-2.2%

£5,737,784

4.9%

£5,472,013

8.1%

£5,061,176

 

Cash Flow

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Cashflow from Operations

-

-

-

-

-£23,162

-102.6%

£891,328

-18.8%

£1,097,857

Net Cashflow before Financing

-

-

-

100%

-£671,520

-999.9%

£60,175

-75.8%

£248,211

Net Cashflow from Financing

-

-

-

-

£625,434

514.8%

-£150,794

-156.6%

£266,487

Increase in Cash

-

-

-

-

-£46,086

49.1%

-£90,619

-117.6%

£514,698

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£6,060,703

7.9%

£5,614,436

-2.6%

£5,763,619

4.8%

£5,501,184

8.3%

£5,078,192

Number of Employees

84

-

84

1.2%

83

-1.2%

84

1.2%

83

 

Auditors

CROWE CLARK WHITEHILL LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

NATIONAL WESTMINSTER BANK PLC

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

4.27

-0.36

2.26

5.54

4.78

Current ratio

1.47

1.41

2.04

1.47

1.45

Sales/Net Working Capital

6.55

7.64

3.04

7.84

8.41

Gearing %

45.80

44

46

36.10

41.30

Equity in %

53.80

53.80

53.60

56.80

56.30

Creditor Days

38.58

50.29

45.12

35.99

28.47

Debtor Days

77.27

74.55

89.44

51.24

61.71

Liquidity/Acid Test

0.76

0.81

1.42

0.53

0.68

Return On Capital Employed %

11.35

-0.95

6.12

15.21

13.83

Return On Total Assets Employed %

6.09

-0.51

3.29

8.68

7.81

Current Debt Ratio

0.86

0.85

0.86

0.75

0.77

Total Debt Ratio

0.86

0.86

0.86

0.76

0.77

Stock Turnover Ratio %

22.75

19.10

19.57

25.37

20.39

Return on Net Assets Employed %

11.35

-0.95

6.15

15.29

13.87

 

 

Event History

 

Date

Description

20/12/2014

Annual Returns

06/08/2014

New Accounts Filed

06/08/2014

New Accounts Filed

18/12/2013

Annual Returns

13/08/2013

New Accounts Filed

13/08/2013

New Accounts Filed

05/04/2013

New Board Member Mr A.R. Hampton appointed

27/12/2012

Annual Returns

25/07/2012

New Accounts Filed

24/12/2011

Annual Returns

22/07/2011

New Accounts Filed

22/07/2011

New Accounts Filed

27/01/2011

Annual Returns

07/12/2010

Mr S.A. Marsh has left the board

09/06/2010

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

29/09/1989

PETER SAVAGE IRON & STEEL COMPANY LIMITED

 

Statistics

 

Group

3 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

EUROPEAN DRAINAGE SYSTEMS HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

EUROPEAN DRAINAGE SYSTEMS HOLDINGS LIMITED

 

Group structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

 EUROPEAN DRAINAGE SYSTEM...

 

03676958

31.12.2013

Y

£17,083,508

 PETER SAVAGE LIMITED

 

01271357

31.12.2013

N

£16,131,684

 INTEGRATED DUCTING SYS...

 

05035217

31.12.2013

N

 

Mortgage Details

 

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

22/09/10

Date Charge Registered:

24/09/10

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:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

11/10/06

Date Charge Registered:

13/10/06

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

 

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

11/10/06

Date Charge Registered:

13/10/06

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

13/09/06

Date Charge Registered:

14/09/06

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:

F/H LAND ON THE NORTH SIDE OF TOWNSEND DRIVE NUEATON, NUNEATON AND BEDWORTH WARWICKSHIRE T/NO WK317476 WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS ANDWARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

13/09/06

Date Charge Registered:

14/09/06

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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:

DEBENTURE

Date Charge Created:

23/12/04

Date Charge Registered:

12/01/05

Date Charge Satisfied:

24/09/09

Status:

SATISFIED

Person(s) Entitled:

WTB HOLDINGS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

18/08/04

Date Charge Registered:

07/09/04

Date Charge Satisfied:

24/09/09

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

DEBENTURE

Date Charge Created:

18/08/04

Date Charge Registered:

25/08/04

Date Charge Satisfied:

24/09/09

Status:

SATISFIED

Person(s) Entitled:

MACERATA LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/07/88

Date Charge Registered:

05/08/88

Date Charge Satisfied:

24/09/09

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

PLOT 8 NO3 ATTLEBOROUGH FIELDS FARM NUNEATON WARWICKSHIRE AND/OR THE PROCEEDS OF SALE THEREOF.FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

Mortgage Type:

CHARGE OVER A BUILDING AGREEMENT

Date Charge Created:

01/03/88

Date Charge Registered:

08/03/88

Date Charge Satisfied:

05/07/01

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

AN ASSIGNMENT OF ALL THE COMPANY\S BENEFIT OF THE BUILDING AGREEMENT REFERRED TO OVERLEAF RELATING TO PROPERTY SITUATE AT TOWNSEND DRIVE ATTLEBOROUGH INDUSTRIAL ESTATE NUNEATON WARWICKSHIRE FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

22/12/82

Date Charge Registered:

12/01/83

Date Charge Satisfied:

13/01/93

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

LAND AND BUILDINGS ON THE SOUTH SIDE OFAVENUE ROAD, NUNEATON, WARWICKSHIRE TITLE NO: WK 113619 AND OR THE PROCEEDS OF SALE THEREOF. FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

10/03/82

Date Charge Registered:

17/03/82

Date Charge Satisfied:

13/01/93

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

L/H PREMISES IN WHEAT STREET NUNEATON FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

DEBENTURE

Date Charge Created:

29/05/81

Date Charge Registered:

05/06/81

Date Charge Satisfied:

24/09/09

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK LTD

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

A SPECIFIC EQUITABLE CHARGE OVER ALL F/H & L/H PROPERTIES. FIXED & FLOATING CHARGE OVER UNDERTAKINGAND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOK DEBTS

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

7

£32,457

Company Name

Amount

Statement Date

Civils Drainage Supplies Ltd

£20,861

19/12/2012

Build Depot Limited

£3,231

19/04/2013

Plumbing & Drainage Plastics Limited

£3,104

25/05/2011

Building & Garden Supplies (2007) Limited

£2,744

30/09/2009

Unique Building Supplies (Norfolk) Limited

£1,003

30/10/2012

F B M (Building Supplies) Ltd

£970

01/11/2012

Ward & Roe Builders Merchants Limited

£544

27/07/2012

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Stephen Alfred Marsh

0

3

Peter Derrick Savage

4

1

Brian Worthington

0

3

Jane Margaret Savage

2

2

Jane Margaret Savage

2

2

John Henry Allen

0

2

John Arthur Lewis

72

42

Jeremy Paul Burden

46

30

David Wardropper

2

3

PHILSEC LIMITED

42

181

Paul Edward Whelan

12

39

Average Invoice Value

£810.30

Invoices available

198

Paid

197

Outstanding

1

 

 

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

41

51

79

23

3

Outstanding

0

0

1

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.57

UK Pound

1

Rs.93.57

Euro

1

Rs.65.95

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.