MIRA INFORM REPORT

 

 

Report No. :

349895

Report Date :

20.11.2015

 

IDENTIFICATION DETAILS

 

Name :

JOHN DOBSON (MILNTHOPRE) LIMITED

 

 

Registered Office :

Bela Mill, Milnthorpe, Cumbria, LA7 7QP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

15.05.1925

 

 

Com. Reg. No.:

00205983

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Manufacture of Other Plastic Products

 

 

No. of Employees :

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 :

No Complaints

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 summary

 

Registered Address

 

Bela Mill
Milnthorpe
Cumbria
LA7 7QP

 

Trading Address

 

Bela Mill
Milnthorpe
Cumbria
LA7 7QP

 

Website Address

 

http://www.combs.co.uk

 

Telephone Number

 

01539563528

 

TPS

 

No

FPS

No

Incorporation Date

 

15/05/1925

 

Type

 

Private limited with Share Capital

 

Company Number

 

00205983

Filing Date of Accounts

 

30/09/2015

 

Currency

 

GBP

 

Share Capital

 

£4,503

 

SIC07

 

22290

 

Charity Number

 

-

SIC07 Description

 

Manufacture of Other Plastic Products

 

Principal Activity

 

Manufacture of Other Plastic Products.

 

 

 

Key financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

 

31/12/2014

-

-

£282,918

 

-

31/12/2013

-

-

£186,209

 

-

31/12/2012

-

-

£185,599

 

-

 

 

Mortgage Summary

 

Total Mortgage              4

Outstanding                  4

Satisfied                       0


Trade debtors / bad debt summary

 

Total Number of Documented Trade       1

Total Value of Documented Trade          £561

 

 

Commentary

 

This company has been treated as a Small company.

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

The latest Balance Sheet indicates a very 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 moderate level of corporate failures.

 

 

Current Directors

 

Name

Jeremy Paul Dickinson

Date of Birth

18/09/1971

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

30/08/2007

Address

8a Blackbull Lane, Fulwood, Preston, PR2 3PU

 

Name

Andrew Gerard Dickinson

Date of Birth

18/04/1970

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

30/08/2007

Address

11 Magnolia Close, Fulwood, Preston, PR2 9PB

 

 

Current Company Secretary

 

Name

Andrew Gerard Dickinson

Date of Birth

18/04/1970

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

11/04/2008

Address

11 Magnolia Close, Fulwood, Preston, PR2 9PB

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MRS JEAN MARY GEE

GBP

1,125

ORDINARY

1

24.98

MRS SHEILA BROWN

GBP

1,125

ORDINARY

1

24.98

ANDREW GERARD DICKINSON

GBP

1,125

ORDINARY

1

24.98

JEREMY PAUL DICKINSON

GBP

1,125

ORDINARY

1

24.98

MRS SHEILA BROWN

GBP

1

ORDINARY C

1

0.02

ANDREW GERARD DICKINSON

GBP

1

ORDINARY A

1

0.02

JEREMY PAUL DICKINSON

GBP

1

ORDINARY B

1

0.02

 

 

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

barchart-grey

Turnover

-

-

-

-

-

-

-

-

-

barchart-grey

Export

-

-

-

-

-

-

-

-

-

barchart-grey

Cost of Sales

-

-

-

-

-

-

-

-

-

barchart-grey

Gross Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Wages & Salaries

-

-

-

-

-

-

-

-

-

barchart-grey

Directors Emoluments

-

-

-

-

-

-

-

-

-

barchart-grey

Operating Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Depreciation

£4,105

-19.6%

£5,103

89.8%

£2,688

-21.9%

£3,440

-18.7%

£4,233

barchart-grey

Audit Fees

-

-

-

-

-

-

-

-

-

barchart-grey

Interest Payments

-

-

-

-

-

-

-

-

-

barchart-grey

Pre Tax Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Taxation

-

-

-

-

-

-

-

-

-

barchart-grey

Profit After Tax

-

-

-

-

-

-

-

-

-

barchart-grey

Dividends Payable

-

-

-

-

-

-

-

-

-

barchart-grey

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Tangible Assets

£35,914

-10.3%

£40,019

-11.3%

£45,122

24%

£36,395

-10.8%

£40,785

barchart-grey

Intangible Assets

0

-

0

-

0

-100%

£4,800

-50%

£9,600

barchart-grey

Total Fixed Assets

£35,914

-10.3%

£40,019

-11.3%

£45,122

9.5%

£41,195

-18.2%

£50,385

barchart-grey

Stock

£263,338

46.1%

£180,278

-10.9%

£202,299

20%

£168,540

-19.8%

£210,025

barchart-grey

Trade Debtors

£155,971

29.6%

£120,388

18.8%

£101,372

-26.7%

£138,372

12.7%

£122,805

barchart-grey

Cash

£31,970

5.2%

£30,382

23%

£24,702

24.4%

£19,857

31.8%

£15,061

barchart-grey

Other Debtors

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£451,279

36.3%

£331,048

0.8%

£328,373

0.5%

£326,769

-6.1%

£347,891

barchart-grey

Trade Creditors

£199,884

12.6%

£177,569

-3.9%

£184,776

5%

£176,021

0.6%

£174,963

barchart-grey

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

barchart-grey

Other Short Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Liabilities

£199,884

12.6%

£177,569

-3.9%

£184,776

5%

£176,021

0.6%

£174,963

barchart-grey

Bank Loans & Overdrafts and LTL

£4,391

-39.8%

£7,289

133.6%

£3,120

174.2%

£1,138

-

0

barchart-grey

Other Long Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Total Long Term Liabilities

£4,391

-39.8%

£7,289

133.6%

£3,120

174.2%

£1,138

-

0

 

Capital & reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Called Up Share Capital

£4,503

-

£4,503

-

£4,503

-

£4,503

-

£4,503

barchart-grey

P & L Account Reserve

£278,415

53.2%

£181,706

0.3%

£181,096

-2.8%

£186,302

-14.9%

£218,810

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

-

-

barchart-grey

Sundry Reserves

-

-

-

-

-

-

-

-

-

barchart-grey

Shareholder Funds

£282,918

51.9%

£186,209

0.3%

£185,599

-2.7%

£190,805

-14.6%

£223,313

 

 

Other financial items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Net Worth

£282,918

51.9%

£186,209

0.3%

£185,599

-0.2%

£186,005

-13%

£213,713

barchart-grey

Working Capital

£251,395

63.8%

£153,479

6.9%

£143,597

-4.7%

£150,748

-12.8%

£172,928

barchart-grey

Total Assets

£487,193

31.3%

£371,067

-0.7%

£373,495

1.5%

£367,964

-7.6%

£398,276

barchart-grey

Total Liabilities

£204,275

10.5%

£184,858

-1.6%

£187,896

6.1%

£177,159

1.3%

£174,963

barchart-grey

Net Assets

£282,918

51.9%

£186,209

0.3%

£185,599

-2.7%

£190,805

-14.6%

£223,313

 

 

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

barchart-grey

Capital Employed

£287,309

48.5%

£193,498

2.5%

£188,719

-1.7%

£191,943

-14%

£223,313

barchart-grey

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

Auditors

Auditor Comments

The company is exempt from audit

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-45-28

 

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

barchart-grey

Pre-tax profit margin %

-

-

-

-

-

barchart-grey

Current ratio

2.26

1.86

1.78

1.86

1.99

barchart-grey

Sales/Net Working Capital

-

-

-

-

-

barchart-grey

Gearing %

1.60

3.90

1.70

0.60

0

barchart-grey

Equity in %

58.10

50.20

49.70

52.50

57.50

barchart-grey

Creditor Days

-

-

-

-

-

barchart-grey

Debtor Days

-

-

-

-

-

barchart-grey

Liquidity/Acid Test

0.94

0.84

0.68

0.89

0.78

barchart-grey

Return On Capital Employed %

-

-

-

-

-

barchart-grey

Return On Total Assets Employed %

-

-

-

-

-

barchart-grey

Current Debt Ratio

0.70

0.95

0.99

0.92

0.78

barchart-grey

Total Debt Ratio

0.72

0.99

1.01

0.92

0.78

barchart-grey

Stock Turnover Ratio %

-

-

-

-

-

barchart-grey

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status history

 

No status history found

 

 

Event history

 

Date

Description

05/10/2015

New Accounts Filed

14/08/2015

Annual Returns

02/10/2014

New Accounts Filed

28/07/2014

Annual Returns

03/10/2013

New Accounts Filed

26/07/2013

Annual Returns

26/09/2012

New Accounts Filed

08/09/2012

Annual Returns

03/10/2011

New Accounts Filed

03/08/2011

Ms S. Brown has left the board

23/07/2011

Annual Returns

02/10/2010

New Accounts Filed

02/10/2010

New Accounts Filed

30/07/2010

Annual Returns

29/10/2009

New Accounts Filed

 

 

Previous company names

 

No previous names found

 

 

Writ details

 

No writs found

 

Mortgage details

 

Mortgage Type:

Date Charge Created:

09/09/14

Date Charge Registered:

10/09/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

POSITIVE CASHFLOW FINANCE LIMITED;

Amount Secured:

Details:

THE CHARGOR WITH FULL TITLE GUARANTEE AS A CONTINUING SECURITY FOR THE PAYMENT AND DISCHARGE OF THE SECURED LIABILITIESHEREBY CHARGES TO POSITIVE CASHFLOW FINANCE LIMITED BY WAY OF LEGAL MORTGAGE THE PROPERTY (AND THE PROCEEDS OF SALE OF THE PROPERTY) AND ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FROM TIME TO TIME IN AND ON THE PROPERTY AND THEBENEFIT OF ALL RIGHTS, EASEMENTS AND PRIVILEGES APPURTENANT TO OR BENEFITING THE PROPERTY. THE ‘PROPERTY' IS ALL THAT PROPERTY SITUATE AND KNOWN AS BELA MILL, MILL LANE, MILNTHORPE, LA7 7QPCONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

09/09/14

Date Charge Registered:

09/09/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

POSITIVE CASHFLOW FINANCE LIMITED;

Amount Secured:

Details:

I. ALL PRESENT AND FUTURE FREEHOLD AND LEASEHOLD PROPERTY (INCLUDING, WITHOUT LIMITATION, THE PROPERTY SPECIFIED IN THESCHEDULE) AND ALL LIENS, CHARGES, OPTIONS, AGREEMENTS, RIGHTS AND INTERESTS IN OR OVER LAND OR THE PROCEEDS OF SALE OF LAND AND ALL BUILDINGS, FIXTURES (INCLUDING TRADE FIXTURES) AND FIXED PLANT AND MACHINERY FOR THE TIME BEING ON SUCH PROPERTY OR LAND TOGETHER WITH ALL RIGHTS, EASEMENTS AND PRIVILEGES APPURTENANT TO,OR BENEFITING, THE SAME;II. ALL PATENTS, PATENT APPLICATIONS, TRADE MARKS AND SERVICE MARKS (WHETHER REGISTERED OR NOT), TRADE MARK APPLICATIONS, SERVICE MARKAPPLICATIONS TRADE NAMES, REGISTERED DESIGNS, DESIGN RIGHTS, COPYRIGHTS, COMPUTER PROGRAMMES, KNOW-HOW AND TRADE SECRETS AND ALL OTHER INDUSTRIAL OR INTANGIBLEPROPERTY OR RIGHTS AND ALL LICENCES, AGREEMENTS AND ANCILLARY AND CONNECTED RIGHTS RELATING TO, INTELLECTUAL AND INTANGIBLE PROPERTY.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

FIXED & FLOATING CHARGE

Date Charge Created:

28/03/08

Date Charge Registered:

09/04/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS 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

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

04/03/76

Date Charge Registered:

25/03/76

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK LTD

Amount Secured:

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

Details:

BELA MILLS MIENTHORPE CUMBRIA

 

 

Creditor details

 

Total Number

Total Value

Trade Creditors

0

-

No Creditor Data

 

 

Trade debtors / bad debt details

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

1

£561

 

 

 

Company Name

Amount

Statement Date

Wacs Trade Centre Limited

£561

26/01/2010

 

 

Previous director / company secretaries

 

Name

Current Directorships

Previous Directorships

Gerald Edward Dickinson

1

2

Gerald Edward Dickinson

1

2

Winifred Mary Cattermole

0

1

Jean Mary Gee

0

1

Sheila Brown

0

1

Jean Mary Gee

0

1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.101.03

Euro

1

Rs.70.77

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TPT

 

               

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.