MIRA INFORM REPORT

Report No. :	352699
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	JACK WILLS LIMITED

Formerly Known As :	PRM WILLIAMS CLOTHING LIMITED

Registered Office :	22 Fore Street Salcombe Devon TQ8 8ET

Country :	United Kingdom

Financials (as on) :	01.02.2015

Date of Incorporation :	05.02.1998

Legal Form :	Private Limited with Share Capital

Line of Business :	· Retail Sale of Clothing in Specialised Stores · Retail Clothes.

No. of Employees :	1631

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow

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

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

Company Name: JACK WILLS LIMITED

Company No: 03504842

Company Status: Active - Accounts Filed

Registered Address: 22 FORE STREET SALCOMBE DEVON TQ8 8ET

Company Summary

Registered Address 22 FORE STREET, SALCOMBE DEVON TQ8 8ET

Trading Address 22 Fore Street, Salcombe Devon TQ8 8ET

Website Address http://www.jackwills.com

Telephone Number 02088384884

Fax Number -

TPS No

FPS No

Incorporation Date 05/02/1998

Previous Name PRM WILLIAMS CLOTHING LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 25/06/1998

Filing Date of Accounts 28/10/2015

Currency GBP

Share Capital £113,384

SIC07 47710

Charity Number -

SIC07 Description RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity Retail Clothes.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

01/02/2015 £120,936,000 -£7,094,000 -£6,074,000 1631

02/02/2014 £117,679,000 -£6,749,000 £1,094,000 1747

03/02/2013 £122,123,000 -£180,000 £7,322,000 2136

Mortgage Summary

Total Mortgage 15

Outstanding 8

Satisfied 7

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 Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a negative return on assets.

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

This company's ratio of total liabilities to total assets indicates that assets are funded through debt rather than equity.

This company trades in an industry with a higher 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	10
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	16

Current Directors

Name	Simon Eric Hugh Turner	Date of Birth	28/10/1968
Officers Title	Mr	Nationality	British
Present Appointments	21	Function	Director
Appointment Date	05/07/2007
Address	Flat 5, 48 Chepstow Villas, London, W11 2QY

Name	Robert Wedgwood Shaw	Date of Birth	08/10/1973
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	05/02/1998
Address	Manor Farm House, East Dean, Chichester, West Sussex, PO18 0JA

Name	Peter Richard Michael Williams	Date of Birth	12/06/1974
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	05/02/1998
Address	22 Fore Street, Salcombe, Devon, TQ8 8ET

Name	Ian Paul Johnson	Date of Birth	17/05/1960
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	29/09/2014
Address	95 Victoria Road, London, NW10 6DJ

Name	Richard Nicoll	Date of Birth	15/09/1977
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Name	Emma Louise Camac Sheller	Date of Birth	19/01/1969
Officers Title	Ms	Nationality	Australian
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Name	Laura Jane Williams	Date of Birth	10/12/1974
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Name	Emma Rose Alexander	Date of Birth	26/09/1974
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Name	Joanna Thomasine Shaw	Date of Birth	15/11/1976
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Name	Alan Edward Johnson	Date of Birth	11/09/1968
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/04/2015
Address	95 Victoria Road, London, NW10 6DJ

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
WILLS LIFESTYLE HOLDINGS LTD	GBP	113,384	ORDINARY	1	100

Financials

Profit & Loss

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
	Weeks	52	(%)	52	(%)	53	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Turnover	£120,936,000	2.8%	£117,679,000	-3.6%	£122,123,000	1.6%	£120,142,742	31.6%	£91,259,566
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	£1,658,450
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Cost of Sales	£47,687,000	4.4%	£45,679,000	-5.5%	£48,332,000	18.5%	£40,773,523	41.6%	£28,800,784
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Gross Profit	£73,249,000	1.7%	£72,000,000	-2.4%	£73,791,000	-7%	£79,369,219	27.1%	£62,458,782
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Wages & Salaries	£23,374,000	-4.3%	£24,414,000	-5.7%	£25,889,000	17.4%	£22,060,223	25%	£17,655,055
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Directors Emoluments	£1,112,000	-44.3%	£1,996,000	13.1%	£1,765,000	-10.8%	£1,977,855	-0.3%	£1,983,598
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Operating Profit	-£6,445,000	-9.5%	-£5,888,000	-999.9%	£578,000	113.7%	-£4,231,804	-137.8%	£11,203,590
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Depreciation	£4,865,000	-6.3%	£5,192,000	-11.3%	£5,856,000	2.4%	£5,721,197	31%	£4,367,367
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Audit Fees	£123,000	59.7%	£77,000	-	£77,000	-30%	£110,000	57.1%	£70,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Interest Payments	£649,000	-24.6%	£861,000	13.6%	£758,000	42.9%	£530,260	295.7%	£134,004
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Pre Tax Profit	-£7,094,000	-5.1%	-£6,749,000	-999.9%	-£180,000	96.2%	-£4,750,751	-146.4%	£10,241,444
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Taxation	-£74,000	-114.2%	£521,000	-68.1%	£1,633,000	208.6%	-£1,503,413	54.9%	-£3,334,319
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Profit After Tax	-£7,168,000	-15.1%	-£6,228,000	-528.6%	£1,453,000	123.2%	-£6,254,164	-190.5%	£6,907,125
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-100%	£6,845,000	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Retained Profit	-£7,168,000	-15.1%	-£6,228,000	-15.5%	-£5,392,000	13.8%	-£6,254,164	-190.5%	£6,907,125

Balance Sheet

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Tangible Assets	£12,324,000	9.3%	£11,276,000	-21.5%	£14,360,000	-12.8%	£16,469,459	20.6%	£13,651,088
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Intangible Assets	£10,365,000	20.5%	£8,605,000	-15.6%	£10,200,000	87.9%	£5,429,038	472.6%	£948,143
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Fixed Assets	£22,689,000	14.1%	£19,881,000	-19.1%	£24,560,000	12.2%	£21,898,497	50%	£14,599,231
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Stock	£12,964,000	8.5%	£11,948,000	5%	£11,380,000	-18.6%	£13,978,036	79.9%	£7,770,491
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Trade Debtors	£2,451,000	96.6%	£1,247,000	77.9%	£701,000	-27.2%	£963,330	187.8%	£334,678
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Cash	£4,264,000	-	0	-100%	£4,974,000	24.9%	£3,981,277	-75%	£15,898,555
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Other Debtors	£14,526,000	3.6%	£14,025,000	78.7%	£7,850,000	100%	£3,924,692	-29.3%	£5,555,019
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Current Assets	£34,205,000	25.7%	£27,220,000	9.3%	£24,905,000	9%	£22,847,335	-22.7%	£29,558,743
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Trade Creditors	£13,987,000	81%	£7,729,000	12.1%	£6,895,000	-24.4%	£9,123,007	-1.7%	£9,278,955
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-100%	£28,000	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Other Short Term Finance	£20,593,000	92.4%	£10,702,000	161%	£4,101,000	31%	£3,131,446	495.6%	£525,784
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£12,518,000	-42.5%	£21,780,000	-15%	£25,627,000	51.6%	£16,902,889	10.7%	£15,266,287
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Current Liabilities	£47,098,000	17%	£40,239,000	9.9%	£36,623,000	25.6%	£29,157,342	16.3%	£25,071,026
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£15,870,000	173.8%	£5,796,000	5%	£5,520,000	92%	£2,874,447	999.9%	£118,741
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Other Long Term Finance	£11,085,000	92.2%	£5,768,000	4.5%	£5,520,000	92%	£2,874,447	999.9%	£118,741
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£15,870,000	175.1%	£5,768,000	4.5%	£5,520,000	92%	£2,874,447	999.9%	£118,741

Capital & Reserves

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Called Up Share Capital	£113,000	-	£113,000	-	£113,000	-0.3%	£113,384	-	£113,384
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	P & L Account Reserve	-£6,410,000	-945.6%	£758,000	-89.1%	£6,986,000	-43.6%	£12,377,519	-33.6%	£18,631,683
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Sundry Reserves	£223,000	-	£223,000	-	£223,000	-0.1%	£223,140	-	£223,140
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Shareholder Funds	-£6,074,000	-655.2%	£1,094,000	-85.1%	£7,322,000	-42.4%	£12,714,043	-33%	£18,968,207

Other Financial Items

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Net Worth	-£16,439,000	-118.9%	-£7,511,000	-161%	-£2,878,000	-139.5%	£7,285,005	-59.6%	£18,020,064
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Working Capital	-£12,893,000	1%	-£13,019,000	-11.1%	-£11,718,000	-85.7%	-£6,310,007	-240.6%	£4,487,717
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Assets	£56,894,000	20.8%	£47,101,000	-4.8%	£49,465,000	10.5%	£44,745,832	1.3%	£44,157,974
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Liabilities	£62,968,000	36.9%	£46,007,000	9.2%	£42,143,000	31.6%	£32,031,789	27.2%	£25,189,767
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Net Assets	-£6,074,000	-655.2%	£1,094,000	-85.1%	£7,322,000	-42.4%	£12,714,043	-33%	£18,968,207

Cash Flow

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	01/02/15	(%)	02/02/14	(%)	03/02/13	(%)	31/01/12	(%)	31/01/11
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Capital Employed	£9,796,000	42.8%	£6,862,000	-46.6%	£12,842,000	-17.6%	£15,588,490	-18.3%	£19,086,948
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Number of Employees	1631	-6.6%	1747	-18.2%	2136	-24%	2811	52.4%	1844
	Accountants
	Auditors	PRICEWATERHOUSECOOPERS LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	01/02/15	02/02/14	03/02/13	31/01/12	31/01/11
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-5.87	-5.74	-0.15	-3.95	11.22
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Current ratio	0.73	0.68	0.68	0.78	1.18
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-9.38	-9.04	-10.42	-19.04	20.34
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Gearing %	-261.30	529.80	75.40	22.60	0.60
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Equity in %	-13.10	2.80	18.60	32.30	43.90
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Creditor Days	42.09	23.90	20.94	27.64	37.01
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Debtor Days	7.37	3.85	2.12	2.91	1.33
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.45	0.37	0.36	0.30	0.86
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-72.41	-98.35	-1.40	-30.47	53.65
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-12.46	-14.32	-0.36	-10.61	23.19
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Current Debt Ratio	-7.75	36.78	5	2.29	1.32
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Total Debt Ratio	-10.36	42.05	5.75	2.51	1.32
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	10.71	10.15	9.31	11.63	8.51
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	116.79	-616.91	-2.45	-37.36	53.99

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
14/11/2015	New Accounts Filed
14/11/2015	New Accounts Filed
14/09/2015	Ms W.M. Becker has left the board
24/04/2015	New Board Member Mr A.E. Johnson appointed
23/04/2015	Mr P.B. Saunders has left the board
23/04/2015	New Board Member Mrs J.T. Shaw appointed
23/04/2015	New Board Member Ms E.R. Alexander appointed
23/04/2015	New Board Member Mrs L.J. Williams appointed
23/04/2015	New Board Member Ms E.L. Sheller appointed
23/04/2015	New Board Member Mr R. Nicoll appointed
13/02/2015	Annual Returns
22/10/2014	New Board Member Mr I.P. Johnson appointed
30/09/2014	New Accounts Filed
30/09/2014	New Accounts Filed
12/09/2014	Ms E.S. Tate has left the board

Previous Company Names

Date	Previous Name
25/06/1998	PRM WILLIAMS CLOTHING LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	WILLS LIFESTYLE HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	WILLS LIFESTYLE HOLDINGS LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\tminus.gif$ WILLS LIFESTYLE HOLDINGS...	07121485	01.02.2015	Y	£131,961,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\JACK WILLS LIMITED_files\L.gif$ JACK WILLS LIMITED	03504842	01.02.2015	N	£120,936,000

Mortgage Details

Mortgage Type:
Date Charge Created:	30/03/15
Date Charge Registered:	01/04/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	ALL OF THE SHARES OF CAPITAL STOCK OF JACK WILLS, INC. (DELAWARE ”“ 4617452)(“JWI”), NOW OR AT ANY TIME OR TIMES HEREAFTER OWNED BY JACK WILLS LIMITED (COMPANY NUMBER 03504842)(“JWL”) OR HELD BENEFICIALLY FOR JWL DURING THE TERM OF THE PLEDGE AGREEMENT DATED 30 MARCH 2015 (“THE PLEDGE AGREEMENT”), AND THE CERTIFICATES REPRESENTING THE SHARES OF SUCH CAPITAL STOCK, ALL OPTIONS AND WARRANTS FOR THEPURCHASE OF SHARES OF THE CAPITAL STOCKOF JWI NOW OR HEREAFTER HELD IN THE NAME OF JWL OR HELD BENEFICIALLY FOR JWL DURING THE TERM OF THE PLEDGE AGREEMENT, AND ALL DIVIDENDS, CASH, INSTRUMENTS AND OTHER PROPERTY FROM TIME TO TIME RECEIVED, RECEIVABLE OR OTHERWISE DISTRIBUTED IN RESPECT OF, OR IN EXCHANGE FOR, ANY ORALL OF THE PLEDGED STOCK, PURSUANT TO THE PLEDGE AGREEMENT.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	08/05/14
Date Charge Registered:	23/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	INFLEXION PRIVATE EQUITY PARTNERS LLP AS SECURITY TRUSTEE FOR AND ON BEHALF OF THE SECURED PART;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created:	08/05/14
Date Charge Registered:	15/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER ALL PROPERTY AND ASSETS OF THE COMPANY.CONTAINSFIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	02/08/13
Date Charge Registered:	05/08/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	INFLEXION PRIVATE EQUITY PARTNERS LLP AS SECURITY TRUSTEE;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	18/04/12
Date Charge Registered:	02/05/12
Date Charge Satisfied:	13/05/14
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
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:	RENT DEPOSIT DEED
Date Charge Created:	15/12/09
Date Charge Registered:	19/12/09
Date Charge Satisfied:	24/05/14
Status:	SATISFIED
Person(s) Entitled:	BICESTER NOMINEES LIMITED & BICESTER II NOMINEES LIMITED;
Amount Secured:
Details:	ALL SUMS HELD ON BEHALF OF THE LANDLORDFULL TITLE GUARANTEE CHARGES INTEREST SEE IMAGE FOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	23/03/09
Date Charge Registered:	26/03/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	A BROOKS PROPERTIES
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:	THE AMOUNT OUTSTANDING TO THE CREDIT A SEPARATE DESIGNATED DEPOSIT ACCOUNT WITHTHE CHARGEES BANKERS
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	29/10/08
Date Charge Registered:	13/11/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BICESTER NOMINEES LIMITED AND BICESTER II NOMINEES LIMITED
Amount Secured:	£15,000.00 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL THOSE SUMS FROM TIME TO TIME IN THEDEPOSIT ACCOUNT SEE IMAGE FOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	23/08/06
Date Charge Registered:	25/08/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ANDREW DOUGLAS BROWNSWORD
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:	THE INITIAL DEPOSIT TOGETHER WITH ANY INTEREST AND ANY MONIES
Mortgage Type:	DEBENTURE
Date Charge Created:	17/07/06
Date Charge Registered:	26/07/06
Date Charge Satisfied:	24/05/14
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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

Mortgage Type:	RENT DEPOSIT
Date Charge Created:	16/06/06
Date Charge Registered:	22/06/06
Date Charge Satisfied:	24/05/14
Status:	SATISFIED
Person(s) Entitled:	BRIXTON (CHASE ROAD/OAKWOOD) 1 LIMITED;
Amount Secured:
Details:	THE DEPOSIT BALANCESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	20/05/05
Date Charge Registered:	24/05/05
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	UK INVESTMENTS 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:	THE TENANTS INTEREST IN ALL THE MONIES STANDING TO THE CREDIT OF THE ACCOUNT INCLUDING ALL INTERESTACCRUING THERETO

Mortgage Type:	DEBENTURE
Date Charge Created:	07/06/04
Date Charge Registered:	08/06/04
Date Charge Satisfied:	17/07/07
Status:	SATISFIED
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:	22/03/04
Date Charge Registered:	31/03/04
Date Charge Satisfied:	02/08/06
Status:	SATISFIED
Person(s) Entitled:	SME INVOICE FINANCE 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	26/11/01
Date Charge Registered:	29/11/01
Date Charge Satisfied:	02/08/06
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:	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
Robert Wedgwood Shaw		4	2
Ian Shaw		0	3
Thomas William Wood		0	3
Sarah Jane Holme		0	1
Glen Tinton		2	1
Peter Bryce Saunders		1	2
Timothy Mark Macdougall Patten		0	1
Paul Antony Woolf		0	1
Paul Antony Woolf		51	37
Helena Joan Feltham		3	2
William Arthur Hobhouse		24	29
Tom Evans		2	1
Wendy Mira Becker		0	2
Fiona Louise Greiner		1	2
Fiona Louise Greiner		1	2
Emily Sarah Tate		13	12
Average Invoice Value	Ł4436.66
Invoices available	505
Paid	498
Outstanding	7

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	203	226	60	5	4

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
GBP	1	Rs.100.41

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIT

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.