MIRA INFORM REPORT
|
Report No. : |
342360 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAWKSLEY & SONS LIMITED |
|
|
|
|
Formerly Known As : |
LAWADD LIMITED |
|
|
|
|
Registered Office : |
Marlborough Roadlancingwest Sussexbn15 8tn |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
28.02.2014 |
|
|
|
|
Date of Incorporation : |
24.06.1980 |
|
|
|
|
Com. Reg. No.: |
01503795 |
|
|
|
|
Legal Form : |
Private limited with
Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Electronic Measuring, Testing
Equipment, Not for Industrial Process Control |
|
|
|
|
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 : |
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
HAWKSLEY &
SONS LIMITED
MARLBOROUGH ROADLANCINGWEST SUSSEXBN15 8TN
Company No.
01503795
Company Status
Active - Accounts Filed
Company Summary
Registered Address MARLBOROUGH ROAD
LANCING
WEST SUSSEX
BN15 8TN
Trading Address Marlborough Road
Lancing Business Park
Lancing
West Sussex
BN15 8TN
Website Address http://www.cjcapstans.co.uk
Telephone Number 01903752815
Fax Number
TPS No
FPS No
Incorporation Date 24/06/1980
Previous Name LAWADD LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 31/12/1980
Filing Date of
Accounts 28/11/2014
Currency GBP
Share Capital £580,168
SIC07 26511
Charity Number -
SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING
EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL
Principal Activity Sale of surgical instruments and technology
systems.
Key Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
28/02/2014 - - £1,011,364 -
28/02/2013 - - £995,166 -
28/02/2012 - - £973,362 -
Mortgage Summary
Total Mortgage 3
Outstanding 0
Satisfied 3
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. |
|
The latest Balance
Sheet indicates a very 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. |
|
This company
trades in an industry with a moderate level of corporate failures. |
CCJ
|
Total Number of
Exact CCJs - |
0 |
Total Value of
Exact CCJs - |
|
|
Total Number of
Possible CCJs - |
0 |
Total Value of
Possible CCJs - |
|
|
Total Number of
Satisfied CCJs - |
0 |
Total Value of
Satisfied CCJs - |
|
|
Total Number of
Writs - |
- |
|
Total Current
Directors |
2 |
|
Total Current
Secretaries |
2 |
|
Total Previous
Directors / Company Secretaries |
11 |
Current Directors
|
Name |
Maurice William
Gale |
Date of Birth |
10/03/1962 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
11 |
Function |
Director |
|
Appointment Date |
22/07/2002 |
||
|
Address |
Marlborough
Road, Lancing, West Sussex, BN15 8TN |
||
|
Name |
Rupert Philip
Paul Robin |
Date of Birth |
29/06/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
10 |
Function |
Director |
|
Appointment Date |
22/07/2002 |
||
|
Address |
Marlborough Road,
Lancing, West Sussex, BN15 8TN |
||
Current Company Secretary
|
Name |
Maurice William
Gale |
Date of Birth |
10/03/1962 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
11 |
Function |
Company
Secretary |
|
Appointment Date |
22/07/2002 |
||
|
Address |
Marlborough
Road, Lancing, West Sussex, BN15 8TN |
||
|
Name |
Rupert Philip
Paul Robin |
Date of Birth |
29/06/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
10 |
Function |
Company
Secretary |
|
Appointment Date |
01/07/2002 |
||
|
Address |
Marlborough
Road, Lancing, West Sussex, BN15 8TN |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
BLASTREAT
(ARUNDEL) LTD |
GBP |
580,168 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Wages &
Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors
Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
£13,419 |
-15% |
£15,787 |
999.9% |
£1,360 |
-30% |
£1,943 |
- |
£1,943 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
|
Tangible Assets |
£413,297 |
-3.1% |
£426,716 |
-3.6% |
£442,503 |
-0.3% |
£443,863 |
-0.4% |
£445,806 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed
Assets |
£413,297 |
-3.1% |
£426,716 |
-3.6% |
£442,503 |
-0.3% |
£443,863 |
-0.4% |
£445,806 |
|
|
Stock |
£94,500 |
0.4% |
£94,113 |
1.3% |
£92,896 |
-9.7% |
£102,846 |
44.2% |
£71,314 |
|
|
Trade Debtors |
£519,049 |
3.4% |
£501,956 |
53.4% |
£327,305 |
-16.4% |
£391,428 |
54.3% |
£253,740 |
|
|
Cash |
£49,901 |
54.1% |
£32,380 |
-80.9% |
£169,836 |
277.1% |
£45,043 |
-80.8% |
£234,223 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£18,046 |
|
|
Total Current
Assets |
£663,450 |
5.6% |
£628,449 |
6.5% |
£590,037 |
9.4% |
£539,317 |
-6.6% |
£577,323 |
|
|
Trade Creditors |
£65,383 |
9% |
£59,999 |
1.4% |
£59,178 |
53% |
£38,683 |
-57.3% |
£90,589 |
|
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Liabilities |
£65,383 |
9% |
£59,999 |
1.4% |
£59,178 |
53% |
£38,683 |
-57.3% |
£90,589 |
|
|
Bank Loans &
Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Long Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term
Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
.
Capital & Reserves
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
|
Called Up Share
Capital |
£580,168 |
- |
£580,168 |
- |
£580,168 |
- |
£580,168 |
- |
£580,168 |
|
|
P & L
Account Reserve |
£431,196 |
3.9% |
£414,998 |
5.5% |
£393,194 |
7.9% |
£364,329 |
3.4% |
£352,372 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£1,011,364 |
1.6% |
£995,166 |
2.2% |
£973,362 |
3.1% |
£944,497 |
1.3% |
£932,540 |
Other Financial Items
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
|
Net Worth |
£1,011,364 |
1.6% |
£995,166 |
2.2% |
£973,362 |
3.1% |
£944,497 |
1.3% |
£932,540 |
|
|
Working Capital |
£598,067 |
5.2% |
£568,450 |
7.1% |
£530,859 |
6% |
£500,634 |
2.9% |
£486,734 |
|
|
Total Assets |
£1,076,747 |
2% |
£1,055,165 |
2.2% |
£1,032,540 |
5% |
£983,180 |
-3.9% |
£1,023,129 |
|
|
Total
Liabilities |
£65,383 |
9% |
£59,999 |
1.4% |
£59,178 |
53% |
£38,683 |
-57.3% |
£90,589 |
|
|
Net Assets |
£1,011,364 |
1.6% |
£995,166 |
2.2% |
£973,362 |
3.1% |
£944,497 |
1.3% |
£932,540 |
Cash Flow
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
|
Net Cashflow
from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow
before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow
from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
28/02/14 |
(%) |
28/02/13 |
(%) |
28/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£1,011,364 |
1.6% |
£995,166 |
2.2% |
£973,362 |
3.1% |
£944,497 |
1.3% |
£932,540 |
|
|
Number of
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
PARKERS |
|||||||||
|
Auditors |
||||||||||
|
Auditor Comments |
The company is
exempt from audit |
|||||||||
|
Bankers |
HSBC BANK PLC |
|||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
28/02/14 |
28/02/13 |
28/02/12 |
28/02/11 |
28/02/10 |
|
|
|
Pre-tax profit
margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
10.15 |
10.47 |
9.97 |
13.94 |
6.37 |
|
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
93.90 |
94.30 |
94.30 |
96.10 |
91.10 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid
Test |
8.70 |
8.90 |
8.40 |
11.28 |
5.58 |
|
|
Return On
Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total
Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt
Ratio |
0.06 |
0.06 |
0.06 |
0.04 |
0.09 |
|
|
Total Debt Ratio |
0.06 |
0.06 |
0.06 |
0.04 |
0.09 |
|
|
Stock Turnover
Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net
Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no
notes to display. |
Status History
|
No Status
History found |
Event History
|
Date |
Description |
|
16/08/2015 |
Annual Returns |
|
04/12/2014 |
New Accounts
Filed |
|
11/08/2014 |
Annual Returns |
|
29/11/2013 |
New Accounts
Filed |
|
06/08/2013 |
Annual Returns |
|
01/12/2012 |
New Accounts
Filed |
|
04/10/2012 |
Annual Returns |
|
10/12/2011 |
New Accounts Filed |
|
10/10/2011 |
Annual Returns |
|
07/12/2010 |
New Accounts
Filed |
|
14/08/2010 |
Annual Returns |
|
05/01/2010 |
New Accounts
Filed |
|
06/10/2009 |
Annual Returns |
|
04/01/2009 |
New Accounts
Filed |
|
02/08/2008 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
31/12/1980 |
LAWADD LIMITED |
Writ Details
|
No writs found |
Statistics
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
BLASTREAT
(ARUNDEL) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding
Company |
BLASTREAT
(ARUNDEL) LIMITED |
Group Structure Full
|
Company Name |
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
02809866 |
28.02.2014 |
N |
|
|
|
01503795 |
28.02.2014 |
N |
Mortgage Details
|
Mortgage Type: |
CHARGE |
||
|
Date Charge
Created: |
12/12/91 |
||
|
Date Charge
Registered: |
19/12/91 |
||
|
Date Charge
Satisfied: |
20/12/96 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER SUPPLEMENTAL
TO A FIXED AND FLOATING CHARGE DATED 17.3.86 |
||
|
Details: |
ALL GOODWILL AND
UNCALLED CAPITAL;ALLPATENTS,TRADE MARKS/NAMES,DESIGNS...ETCSEE 395 FOR
DETAILS |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge
Created: |
17/03/86 |
||
|
Date Charge Registered: |
20/03/86 |
||
|
Date Charge
Satisfied: |
20/12/96 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED &
FLOATING CHARGE UNDERTAKING ANDALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING BOOK DEBTS UNCALLED CAPITAL |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
17/03/86 |
||
|
Date Charge
Registered: |
20/03/86 |
||
|
Date Charge
Satisfied: |
08/09/94 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
MIDLAND 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 AND BUILDINGS
ON NORTH-EAST SIDE OF MARLBOROUGH ROAD, LANCING WEST SUSSEX |
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Shirley Betty
Meaker |
7 |
2 |
|
Tony Roy Meaker |
1 |
4 |
|
John Laurence
Phair |
0 |
2 |
|
John Laurence
Phair |
0 |
2 |
|
John Clayton
Baum |
0 |
1 |
|
William Baum |
0 |
1 |
|
John Joseph Nash |
0 |
1 |
|
John Andrew
Jardine Dinning |
0 |
1 |
|
Clive Reginald
Hayler |
2 |
4 |
|
Stephen John
Barrett |
3 |
1 |
|
Michael John
Walker |
0 |
2 |
|
Average Invoice
Value |
Ł179.25 |
|
|
Invoices
available |
26 |
|
|
Paid |
26 |
|
|
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 |
6 |
11 |
3 |
4 |
2 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
UK Pound |
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.