MIRA INFORM REPORT

Report No. :	505248
Report Date :	24.04.2018

IDENTIFICATION DETAILS

Name :	J SYKES & SONS LIMITED
Formerly Known As :	· J SYKES & SONS (FISH MERCHANTS) LIMITED · J SYKES & SONS (MANCHESTER) LIMITED
Registered Office :	New Smithfield Market, Whitworth Street Eastmanchesterm11 2wp
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	15.01.1998
Com. Reg. No.:	03493537
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale of other food, including fish, crustaceans and molluscs
No. of Employees :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

D

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

Status :	Dormant
Payment Behaviour :	--
Litigation :	--

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: J SYKES & SONS LIMITED

Company No: 03493537

Company Status: Non trading

Registered Address: NEW SMITHFIELD MARKETWHITWORTH STREET EASTMANCHESTERM11 2WP

Company Name

J SYKES & SONS LIMITED

Company Number

03493537

Company Summary

Registered Address NEW SMITHFIELD MARKET
WHITWORTH STREET EAST
MANCHESTER
M11 2WP

Trading Address G10-G12 New Smithfield Market
Whitworth Street East
Manchester
Lancashire
M11 2WP

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

Telephone Number 01612239311

Fax Number

TPS No

FPS Yes

Incorporation Date 15/01/1998

Previous Name J SYKES & SONS (FISH MERCHANTS) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 23/06/2009

Filing Date of Accounts 28/08/2017

Currency GBP

Share Capital £100

SIC07 46380

Charity Number -

SIC07 Description WHOLESALE OF OTHER FOOD, INCLUDING FISH, CRUSTACEANS AND MOLLUSCS

Principal Activity The company was dormant during y/e 31.12.16.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company SYKES SEAFOODS LIMITED

Accountant -

Mortgages 5

Trade Debtors -

Group 6 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - - -

31/12/2015 - - - -

31/12/2014 - - - -

Mortgage Summary

Total Mortgage 5

Outstanding 2

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 14

Total Value of Documented Trade £106,331

Commentary

No comments to display

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 -	-

Back to Top

Show More

Total Current Directors	5	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	4	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Martin Sykes	Nationality	British
Date of Birth	06/1943	Present Appointments	6
Latest Address	New Smithfield Market, Whitworth Street East, Manchester	Appointment Date	15/01/1998
Post Code	M11 2WP
Title	Mr	Function	Director
Name	Matthew James Sykes	Nationality	British
Date of Birth	08/1970	Present Appointments	3
Latest Address	New Smithfield Market, Whitworth Street East, Manchester	Appointment Date	02/04/2000
Post Code	M11 2WP

Title	Mr	Function	Director
Name	Gordon John Blackshaw	Nationality	British
Date of Birth	09/1960	Present Appointments	5
Latest Address	New Smithfield Market, Whitworth Street East, Manchester	Appointment Date	07/01/2016
Post Code	M11 2WP
Title	Mr	Function	Director
Name	Alan David Dale	Nationality	British
Date of Birth	04/1980	Present Appointments	7
Latest Address	New Smithfield Market, Whitworth Street East, Manchester	Appointment Date	07/01/2016
Post Code	M11 2WP

Title	Mr	Function	Director
Name	Andrew David Pickup	Nationality	British
Date of Birth	12/1970	Present Appointments	9
Latest Address	New Smithfield Market, Whitworth Street East, Manchester	Appointment Date	09/01/2017
Post Code	M11 2WP

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SYKES SEAFOODS LTD	GBP	100	ORDINARY	1	100
1

Financials

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	0	-	0	-	0	-	0	-	0
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	0	-	0	-	0	-	0	-	0
	Stock	0	-	0	-	0	-	0	-	0
	Trade Debtors	0	-	0	-	0	-	0	-	0
	Cash	0	-	0	-	0	-	0	-	0
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	0	-	0	-	0	-	0	-	0
	Trade Creditors	0	-	0	-	0	-	0	-	0
	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	0	-	0	-	0	-	0	-	0
	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

.

Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers
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 %	-	-	-	-	-
	Current ratio	-	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	-	-	-	-	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	-	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	-	-	-	-	-
	Total Debt Ratio	-	-	-	-	-
	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
22/12/2017	Confirmation Statement
30/08/2017	New Accounts Filed
11/01/2017	New Board Member Mr A.D. Pickup appointed
28/12/2016	Annual Returns
11/10/2016	New Accounts Filed
15/01/2016	Annual Returns
13/01/2016	Mrs P.R. Sykes has resigned as company secretary
13/01/2016	Mr D. Sykes has left the board
13/01/2016	New Board Member Mr A.D. Dale appointed
13/01/2016	New Board Member Mr G.J. Blackshaw appointed
26/05/2015	New Accounts Filed
15/01/2015	Annual Returns
22/07/2014	New Accounts Filed
18/01/2014	Annual Returns
30/09/2013	New Accounts Filed

Previous Company Names

Date	Previous Name
23/06/2009	J SYKES & SONS (FISH MERCHANTS) LIMITED
05/04/1998	J SYKES & SONS (MANCHESTER) LIMITED

Writ Details

No writs found

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	SYKES SEAFOODS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SYKES SEAFOODS LIMITED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SYKES SEAFOODS LIMITED	03509831	31.12.2016	Y	£96,342,000
J SYKES & SONS (MANCHE...	02289318	31.12.2016	N	£96,176,000
SYKES MANUFACTURING...	04471046	31.12.2016	N	£5,049,000
IGLOO FOODS LTD	10467872	-	N
J SYKES & SONS LIMITED	03493537	31.12.2016	N
SYKES MANUFACTURING (M...	04947452	31.12.2016	N	£759,000

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	02/02/18
Date Charge Registered:	05/02/18
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	THE LEASEHOLD PROPERTY KNOWN AS NEW SMITHFIELD MARKET, WHITWORTH STREET EAST, MANCHESTER REGISTERED AT THE LAND REGISTRY WITH TITLE NUMBERS MAN97724, MAN97688 AND MAN129127.CONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	04/04/16
Date Charge Registered:	05/04/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	A FIXED AND FLOATING CHARGE OVER ALL ASSETSCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:	GUARANTEE AND FIXED AND FLOATING CHARGE
Date Charge Created:	27/09/12
Date Charge Registered:	06/10/12
Date Charge Satisfied:	09/04/16
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:	FIXED AND FLOATING CHARGE
Date Charge Created:	03/04/06
Date Charge Registered:	04/04/06
Date Charge Satisfied:	15/10/15
Status:	SATISFIED
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED;
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	09/06/98
Date Charge Registered:	13/06/98
Date Charge Satisfied:	13/01/10
Status:	SATISFIED
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND 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

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	14	£106,331
Company Name		Amount	Statement Date
The Fish Plaice (Fleetwood) Limited		£40,454	28/02/2012
Express Cafes Ltd		£12,066	23/10/2014
Hosier Lane Trading Company Limited		£10,663	22/12/2011
Eastwoods Fisheries Limited		£7,093	04/09/2015
Frankie's Fish Bars Limited		£6,140	19/08/2011
Welsh Dragon Smokery Ltd		£6,098	14/03/2012
K E Mordaunt Limited		£6,098	04/09/2012
Rowland Fish & Poultry Limited		£5,118	29/04/2015
The Village Restaurant Bar & Grill Ltd		£4,719	03/02/2012
Neptune (North Wales) Ltd		£3,218	17/07/2014
G B Fisheries Brixham Limited		£2,520	22/12/2011
H C Matchett Limited		£1,004	23/02/2016
Antonio's Italian Restaurant Ltd		£630	26/01/2015
Harper's Tapas Bar And Restaurant Ltd		£510	12/04/2013

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
David Sykes	0	4	2
Patricia Rosemary Sykes	0	5	1
FNCS LIMITED	0	672	2391
FNCS SECRETARIES LIMITED	0	739	2542

Active Persons With Significant Control

Name	Sykes Seafoods Ltd	Kind	Corporate Entity With Significant Control
Address	Smithfield House New Smithfield Market, Whitworth Street East, Manchester	Notified On	06/04/2016
Post Code	M11 2WP	Legal Form	Limited Company
Authority	Companies Act	Place Registered	England
Country Registered	England	Registration Number	03509831
Nature Of Control	Ownership of shares - above 75%

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.22
UK Pound	1	INR 92.84
Euro	1	INR 81.27
GBP	1	INR 92.68

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SYL

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.