MIRA INFORM REPORT

 

 

Report No. :

350923

Report Date :

18.11.2015

 

IDENTIFICATION DETAILS

 

Name :

OPUS TECHNICAL LIMITED

 

 

Registered Office :

Melville House Melville Roadhurdsfieldmacclesfieldsk10 2BN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2015

 

 

Date of Incorporation :

24.04.2012

 

 

Com. Reg. No.:

08044242

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture Of Metal Structures And Parts Of Structures

 

 

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 – 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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

 

Source : CIA

Company Name and Address

 

OPUS TECHNICAL LIMITED

 

MELVILLE HOUSE MELVILLE ROADHURDSFIELDMACCLESFIELDSK10 2BN

 

 

Company No

 

08044242

 

 

Company Status

 

Active - Accounts Filed

 

 

Company Summary

 

Registered Address                  MELVILLE HOUSE MELVILLE ROAD

HURDSFIELD
MACCLESFIELD
SK10 2BN

 

Trading Address                      Melville House Melville Road
Hurdsfield
Macclesfield
Cheshire
SK10 2BN

Website Address                      http://www.opustechnical.com

 

 

Telephone Number                   01625616424

Fax Number

TPS                                          No

FPS                                          No

Incorporation Date                   24/04/2012

 

Previous Name

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         -

Filing Date of Accounts                        18/08/2015

Currency                                  GBP

Share Capital                           £150

SIC07                                       25110

Charity Number                        -

SIC07 Description                    MANUFACTURE OF METAL STRUCTURES AND PARTS OF STRUCTURES

Principal Activity

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit   Shareholder     Funds Employees

30/04/2015        -                       -                       £73,509 -

30/04/2014        -                       -                       £53,869            

30/04/2013        -                       -                       £25,209 -

 

 

Mortgage Summary

 

Total Mortgage             0

Outstanding                 0

Satisfied                       0

 

 

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 made late payments on a medium percentage of invoices.

The latest Balance Sheet indicates a positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

 

 

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

3

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Name

James Brian Blackwell

Date of Birth

05/10/1928

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

24/04/2012

Address

123 Wellington Road South, Stockport, Cheshire, SK1 3TH

 

Name

John James Blackwell

Date of Birth

28/06/1967

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

24/04/2012

Address

123 Wellington Road South, Stockport, Cheshire, SK1 3TH

 

Name

Stephen William Blackwell

Date of Birth

14/12/1959

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

24/04/2012

Address

123 Wellington Road South, Stockport, Cheshire, SK1 3TH

 

 

Current Company Secretary

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

JAMES BRIAN BLACKWELL

GBP

50

ORDINARY C

1

33.33

STEPHEN WILLIAM BLACKWELL

GBP

50

ORDINARY A

1

33.33

JOHN JAMES BLACKWELL

GBP

50

ORDINARY B

1

33.33

 

 

Profit & Loss

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

53

(%)

-

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

-

(%)

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Depreciation

£3,106

50.6%

£2,062

97.5%

£1,044

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Tangible Assets

£26,146

34.4%

£19,456

578.4%

£2,868

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Fixed Assets

£26,146

34.4%

£19,456

578.4%

£2,868

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Stock

£10,787

63.1%

£6,615

90%

£3,481

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Trade Debtors

£202,429

82.8%

£110,734

143.3%

£45,510

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Cash

£141,706

347%

£31,701

-9.1%

£34,857

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Other Debtors

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Current Assets

£354,922

138.1%

£149,050

77.8%

£83,848

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Trade Creditors

£294,821

198.2%

£98,864

62.3%

£60,933

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Current Liabilities

£294,821

198.2%

£98,864

62.3%

£60,933

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

£12,738

-19.2%

£15,773

999.9%

£574

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Long Term Liabilities

£12,738

-19.2%

£15,773

999.9%

£574

-

-

-

-

 

 

Capital & Reserves

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Called Up Share Capital

£150

-

£150

-

£150

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

P & L Account Reserve

£73,359

36.6%

£53,719

114.4%

£25,059

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Shareholder Funds

£73,509

36.5%

£53,869

113.7%

£25,209

-

-

-

-

 

 

Other Financial Items

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Net Worth

£73,509

36.5%

£53,869

113.7%

£25,209

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Working Capital

£60,101

19.8%

£50,186

119%

£22,915

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Assets

£381,068

126.1%

£168,506

94.3%

£86,716

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Liabilities

£307,559

168.3%

£114,637

86.4%

£61,507

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Net Assets

£73,509

36.5%

£53,869

113.7%

£25,209

-

-

-

-

 

 

Cash Flow

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

 

Miscellaneous

 

Date Of Accounts

30/04/15

(%)

30/04/14

(%)

30/04/13

(%)

-

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Capital Employed

£86,247

23.8%

£69,642

170.1%

£25,783

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

ALLENS ACCOUNTANTS LTD

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/04/15

30/04/14

30/04/13

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Current ratio

1.20

1.51

1.38

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Gearing %

17.30

29.30

2.30

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Equity in %

19.30

32

29.10

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Creditor Days

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Debtor Days

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Liquidity/Acid Test

1.16

1.44

1.31

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Current Debt Ratio

4.01

1.83

2.41

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Total Debt Ratio

4.18

2.12

2.43

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: \\shraddha\Online Foreign Reports\OPUS TECHNICAL LIMITED_files\barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

21/08/2015

New Accounts Filed

12/06/2015

Annual Returns

27/01/2015

New Accounts Filed

02/05/2014

Annual Returns

16/10/2013

New Accounts Filed

15/05/2013

Annual Returns

17/05/2012

Change in Reg.Office

17/05/2012

Change of Company Postcode

04/05/2012

New Board Member Mr S.W. Blackwell appointed

04/05/2012

New Board Member Mr J.J. Blackwell appointed

04/05/2012

New Board Member Mr J.B. Blackwell appointed

26/04/2012

New Board Member Mr J.B. Blackwell appointed

26/04/2012

New Board Member Mr J.J. Blackwell appointed

26/04/2012

New Board Member Mr S.W. Blackwell appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group Structure Full

 

No Group Structure

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

Average Invoice Value

Ł237.95

Invoices available

19

Paid

19

Outstanding

0

 

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

9

4

5

1

0

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.98

UK Pound

1

Rs.100.11

Euro

1

Rs.70.35

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TRU

 

               

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.