MIRA INFORM REPORT

 

 

Report No. :

504793

Report Date :

20.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

CHUMS LIMITED

 

 

Registered Office :

Unity Grove Knowsley Business Park, Prescot L34 9ar

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

14.05.1981

 

 

Com. Reg. No.:

01561474

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Retail sale via mail order houses or via internet

·         Retailing through direct home shopping catalogues and websites.

 

 

No. of Employees :

173

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

 

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

 

Source : CIA

 

Company name and address

 

Company Name                                    : CHUMS LIMITED

Company No                                         : 01561474

Company Status                                   : Active - Accounts Filed

Registered Address                               : UNITY GROVEKNOWSLEY BUSINESSPARK, PRESCOTL34 9AR

 

 

Company Summary

 

Registered Address                              UNITY GROVE
KNOWSLEY BUSINESS
PARK, PRESCOT
L34 9AR

 

Trading Address                                  Unity Grove
Knowsley Business Park
Prescot
Merseyside
L34 9AR

 

Website Address                                  http://www.chums.co.uk

 

Telephone Number                               01515488088

 

Fax Number

 

TPS                                                      No

FPS                                                      Yes

Incorporation Date                               14/05/1981

 

Previous Name

 

Type                                                     Private limited with Share Capital

 

FTSE Index                                          -

Date of Change                                     -

Filing Date of Accounts                        26/06/2017

Currency                                              GBP

Share Capital                                       £80

SIC07                                                   47910

Charity Number                                    -

SIC07 Description                                RETAIL SALE VIA MAIL ORDER HOUSES OR VIA INTERNET

Principal Activity                                  Retailing through direct home shopping catalogues and websites.

 

 

Additional Information

 

CCJ's                                                   0 (£0)

 

No CCJ Information To Display

Ultimate Holding Company                  -

Accountant                                           -

Mortgages                                            1

Trade Debtors                                      -

Group                                                  0 companies

Linkages                                              0 companies

Countries                                             In 0 countries

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit               Shareholder's Funds                Employees

31/12/2016        £25,980,747      £256,904                       £4,850,526                                173

31/12/2015        £25,765,400      £1,077,151                    £5,525,531                                165

31/12/2014        £25,771,214      £1,088,438                    £4,663,296                                159

 

 

Mortgage Summary

 

Total Mortgage                         1

Outstanding                             1

Satisfied                                   0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 4

Total Value of Documented Trade                    £71,128

 

 

Commentary

 

This company has been treated as a Medium company in respect of the rating/limit generated.

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

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

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

The company has more cash than short term bank borrowings.

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 -

-

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Graham Anthony Rubin

Nationality

British

Date of Birth

05/1951

Present Appointments

4

Latest Address

Littlemead Lyndhurst Road, Mossley Hill, Liverpool, Merseyside

Appointment Date

31/01/1991

Post Code

L18 8AU

Title

Ms

Function

Director

Name

Michelle Ruth Rubin

Nationality

British

Date of Birth

06/1954

Present Appointments

1

Latest Address

Littlemead Lyndhurst Road, Mossley Hill, Liverpool, Merseyside

Appointment Date

31/01/1991

Post Code

L18 8AU

 

Title

Mr

Function

Director

Name

Adam Rubin

Nationality

British

Date of Birth

01/1979

Present Appointments

1

Latest Address

Chums Limited Unity Grove, Knowsley Business Park, Prescot, Merseyside

Appointment Date

01/01/2011

Post Code

L34 9AR

Title

Mrs

Function

Director

Name

Sarah Ann Nyman

Nationality

British

Date of Birth

09/1980

Present Appointments

1

Latest Address

Chums Limited Unity Grove, Knowsley Business Park, Prescott, Merseyside

Appointment Date

01/01/2011

Post Code

L34 9AR

 

Title

Mr

Function

Director

Name

Joshua Max Rubin

Nationality

British

Date of Birth

11/1986

Present Appointments

1

Latest Address

Chums Limited Unity Grove, Knowsley Business Park, Prescot, Merseyside

Appointment Date

01/01/2011

Post Code

L34 9AR

 

 

Current Company Secretary

 

Title

Mr

Function

Company Secretary

Name

Graham Anthony Rubin

Nationality

British

Date of Birth

05/1951

Present Appointments

10

Latest Address

Littlemead Lyndhurst Road, Mossley Hill, Liverpool, Merseyside

Appointment Date

31/01/1991

Post Code

L18 8AU

 

 

Top Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MICHELLE RUTH RUBIN & GRAHAM ANTHONY RUBIN

GBP

30

ORDINARY

1

37.5

GRAHAM ANTHONY RUBIN

GBP

16

ORDINARY

1

20

JOSHUA MAX RUBIN

GBP

11

ORDINARY

1

13.75

ADAM RUBIN

GBP

11

ORDINARY

1

13.75

SARAH ANN NYMAN

GBP

8

ORDINARY

1

10

GRAHAM ANTHONY RUBIN & ALAN STURROCK &MICHELLE RUTH RUBIN

GBP

4

ORDINARY

1

5

 

 

Financial

 

Profit & Loss

 

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£25,980,747

0.8%

£25,765,400

0%

£25,771,214

0%

£25,781,015

4%

£24,794,475

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£10,068,597

1%

£9,971,128

1.2%

£9,856,420

2.4%

£9,626,784

1.3%

£9,504,793

Gross Profit

£15,912,150

0.7%

£15,794,272

-0.8%

£15,914,794

-1.5%

£16,154,231

5.7%

£15,289,682

Wages & Salaries

£3,716,325

9.7%

£3,387,314

2.6%

£3,300,111

-2.6%

£3,389,900

3%

£3,291,319

Directors Emoluments

£278,000

-24.1%

£366,135

-27.6%

£505,833

2.2%

£494,775

3.8%

£476,802

Operating Profit

£443,982

-66.5%

£1,326,517

-0.3%

£1,330,863

-8.6%

£1,455,829

13.9%

£1,278,058

Depreciation

£196,568

-0.4%

£197,293

-28%

£273,832

-19.8%

£341,633

4.5%

£326,910

Audit Fees

£17,895

-7.5%

£19,340

-0.6%

£19,450

2%

£19,074

2%

£18,700

Interest Payments

£214,837

-24.7%

£285,432

3.4%

£276,031

-11.9%

£313,298

-6.8%

£336,247

Pre Tax Profit

£256,904

-76.1%

£1,077,151

-1%

£1,088,438

-7.5%

£1,177,214

53.8%

£765,604

Taxation

-£51,909

75.8%

-£214,917

6.2%

-£229,143

-12.1%

-£204,415

17.3%

-£247,223

Profit After Tax

£204,995

-76.2%

£862,234

0.3%

£859,295

-11.7%

£972,799

87.7%

£518,381

Dividends Payable

£700,000

-

-

-

-

-

-

-

-

Retained Profit

-£495,005

-157.4%

£862,234

0.3%

£859,295

-11.7%

£972,799

87.7%

£518,381

 

 

Balance Sheet

 

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Tangible Assets

£646,570

3.5%

£624,637

3.8%

£601,731

-15.4%

£710,878

-14.1%

£827,256

Intangible Assets

£99,901

-45.6%

£183,802

-31.3%

£267,703

-18%

£326,604

642.3%

£44,000

Total Fixed Assets

£746,471

-7.7%

£808,439

-7%

£869,434

-16.2%

£1,037,482

19.1%

£871,256

Stock

£3,563,226

-0.7%

£3,588,312

8.2%

£3,315,421

-1.8%

£3,376,627

16.1%

£2,907,690

Trade Debtors

0

-

0

-100%

£60,461

-

0

-

0

Cash

£5,362,426

45.6%

£3,683,906

-31.2%

£5,350,960

15.3%

£4,642,783

-14.6%

£5,437,166

Other Debtors

£829,286

-67.7%

£2,567,466

263%

£707,277

20.9%

£585,133

32.9%

£440,171

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£9,754,938

-0.9%

£9,839,684

4.3%

£9,434,119

9.6%

£8,604,543

-2.1%

£8,785,027

Trade Creditors

£2,193,395

17.5%

£1,866,706

27.4%

£1,465,710

10.8%

£1,322,671

1.9%

£1,298,161

Bank Loans & Overdrafts

0

-

0

-100%

£123,440

-

0

-100%

£92,073

Other Short Term Finance

0

-

0

-100%

£540,844

-39%

£886,750

-26.9%

£1,212,759

Miscellaneous Current Liabilities

£1,478,973

17.8%

£1,255,637

-7.9%

£1,363,796

0.2%

£1,361,361

-9.6%

£1,506,251

Total Current Liabilities

£3,672,368

17.6%

£3,122,343

-10.6%

£3,493,790

-2.2%

£3,570,782

-13.1%

£4,109,244

Bank Loans & Overdrafts and LTL

£1,978,515

-1.1%

£2,000,249

-11.9%

£2,269,907

0.1%

£2,267,241

-19.3%

£2,807,909

Other Long Term Finance

£1,966,427

-0.5%

£1,976,887

-7.9%

£2,146,005

-4.5%

£2,247,377

-16.7%

£2,697,714

Total Long Term Liabilities

£1,978,515

-1.1%

£2,000,249

-6.8%

£2,146,467

-5.3%

£2,267,241

-16.5%

£2,715,836

.

Capital & Reserves

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Called Up Share Capital

£80

-9.1%

£88

-

£88

-

£88

-

£88

P & L Account Reserve

£4,850,438

-12.2%

£5,525,443

18.5%

£4,663,208

22.6%

£3,803,914

34.4%

£2,831,115

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£8

-

-

-

-

-

-

-

-

Shareholder Funds

£4,850,526

-12.2%

£5,525,531

18.5%

£4,663,296

22.6%

£3,804,002

34.4%

£2,831,203

 

Other Financial Items

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Net Worth

£4,750,625

-11.1%

£5,341,729

21.5%

£4,395,593

26.4%

£3,477,398

24.8%

£2,787,203

Working Capital

£6,082,570

-9.4%

£6,717,341

13.1%

£5,940,329

18%

£5,033,761

7.7%

£4,675,783

Total Assets

£10,501,409

-1.4%

£10,648,123

3.3%

£10,303,553

6.9%

£9,642,025

-0.1%

£9,656,283

Total Liabilities

£5,650,883

10.3%

£5,122,592

-9.2%

£5,640,257

-3.4%

£5,838,023

-14.5%

£6,825,080

Net Assets

£4,850,526

-12.2%

£5,525,531

18.5%

£4,663,296

22.6%

£3,804,002

34.4%

£2,831,203

 

Cash Flow

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Net Cashflow from Operations

£2,325,501

740.9%

-£362,834

-120.8%

£1,743,114

12.1%

£1,555,001

-46.2%

£2,889,899

Net Cashflow before Financing

£1,868,980

324.2%

-£833,651

-180.8%

£1,032,014

73.8%

£593,955

-74%

£2,288,425

Net Cashflow from Financing

-£190,460

73.2%

-£709,963

-58.7%

-£447,277

65.5%

-£1,296,266

-999.9%

-£112,333

Increase in Cash

£1,678,520

208.7%

-£1,543,614

-364%

£584,737

183.3%

-£702,311

-132.3%

£2,176,092

 

Miscellaneous

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£6,829,041

-9.3%

£7,525,780

10.5%

£6,809,763

12.2%

£6,071,243

9.5%

£5,547,039

Number of Employees

173

4.8%

165

3.8%

159

7.4%

148

3.5%

143

Accountants

Auditors

KPMG LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

Ratios

Date Of Accounts

31/12/16

31/12/15

31/12/14

31/12/13

31/12/12

Pre-tax profit margin %

0.99

4.18

4.22

4.57

3.09

Current ratio

2.66

3.15

2.70

2.41

2.14

Sales/Net Working Capital

4.27

3.84

4.34

5.12

5.30

Gearing %

40.80

36.20

48.70

59.60

99.20

Equity in %

46.60

52.80

46.50

40.80

29.50

Creditor Days

30.73

26.37

20.70

18.67

19.05

Debtor Days

-

-

0.85

-

-

Liquidity/Acid Test

1.68

2

1.75

1.46

1.43

Return On Capital Employed %

3.76

14.31

15.98

19.38

13.80

Return On Total Assets Employed %

2.44

10.11

10.56

12.20

7.92

Current Debt Ratio

0.75

0.56

0.74

0.93

1.45

Total Debt Ratio

1.16

0.92

1.20

1.53

2.41

Stock Turnover Ratio %

13.71

13.92

12.86

13.09

11.72

Return on Net Assets Employed %

5.29

19.49

23.34

30.94

27.04

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

 

Event History

 

Date

Description

05/03/2018

Confirmation Statement

08/09/2017

Payment Data Update Received

31/08/2017

Payment Data Update Received

03/07/2017

New Accounts Filed

03/07/2017

New Accounts Filed

01/07/2017

Payment Data Update Received

05/05/2017

Payment Data Update Received

04/05/2017

Payment Data Update Received

26/04/2017

Payment Data Update Received

05/04/2017

Payment Data Update Received

28/03/2017

Payment Data Update Received

16/03/2017

Payment Data Update Received

28/02/2017

Payment Data Update Received

17/02/2017

Payment Data Update Received

10/02/2017

Annual Returns

 

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 StructureFull

No Group Structure

 

Mortgage Details

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

24/04/12

Date Charge Registered:

02/05/12

Date Charge Satisfied:

-

Status:

OUTSTANDING

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:

THE DEPOSIT OF £250,000 AND ALL AMOUNTSIN THE FUTURE CREDITED TO ACCOUNT NUMBER 78340454 WITH THE BANK.

 

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

No Creditor Data

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

4

£71,128

Company Name

Amount

Statement Date

Independent Direct Marketing Limited

£50,677

04/09/2014

P M L Trading Ltd

£12,270

11/02/2014

De Bradelei Stores Limited

£5,330

24/10/2016

Lifestyle Leisure Stores Limited

£2,851

05/01/2018

 

 

Previous Director/Company Secretaries

 

Name

Current Active Appointments

Previous Appointments

Dissolved Companies

Eric Rubin

0

2

1

Total Persons With Significant Control

1

Total Statements

0

Active

1

Active

0

Ceased

0

Ceased

0

 

 

Active Persons With Significant Control

 

Name

Mr Graham Anthony Rubin

Kind

Individual Person With Significant Control

Address

Unity Grove, Knowsley Business, Park, Prescot, Merseyside

Country Of Residence

England

Post Code

L34 9AR

Nationality

British

Date of Birth

05/1951

Notified On

07/04/2016

Nature Of Control

Has significant influence or control

 

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

 

Active Statements

No Active Statements To Display

 

Ceased Statements

No Ceased Statements To Display

Average Invoice Value

£920.43

Invoices available

159

Paid

157

Outstanding

2

 

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

78

61

15

3

0

Outstanding

0

2

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.78

UK Pound

1

INR 93.41

Euro

1

INR 81.38

GBP

1

INR 92.98

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.