MIRA INFORM REPORT

Report No. :	489710
Report Date :	03.02.2018

IDENTIFICATION DETAILS

Name :	PRICE & BUCKLAND LIMITED
Registered Office :	Benneworth Close Hucknall Nottingham NG15 6EL
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	08.09.1959
Com. Reg. No.:	00636587
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture of Other Wearing Apparel and Accessories N.E.C. Manufacture and embroidery of knitwear and leisurewear.
No. of Employees :	90

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd 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 :	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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
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: PRICE & BUCKLAND LIMITED

Company No: 00636587

Company Status: Active - Accounts Filed

Registered Address: BENNEWORTH CLOSE HUCKNALL NOTTINGHAM NG15 6EL

Company Summary

Registered Address

BENNEWORTH CLOSE
HUCKNALL
NOTTINGHAM
NG15 6EL

Trading Address

Benneworth Close
Hucknall
Nottingham
Nottinghamshire
NG15 6EL

Website Address http://www.price-buckland.co.uk

Telephone Number 01159640827

TPS No

FPS Yes

Incorporation Date 08/09/1959

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 22/09/2017

Currency GBP

Share Capital £77,060

SIC07 14190

Charity Number -

SIC07 Description MANUFACTURE OF OTHER WEARING APPAREL AND ACCESSORIES N.E.C.

Principal Activity Manufacture and embroidery of knitwear and leisurewear.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company PRICE & BUCKLAND LIMITED

Accountant -

Mortgages 2

Trade Debtors -

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 £8,058,618 £596,879 £2,369,211 90

31/12/2015 £8,197,093 £630,544 £2,324,021 90

31/12/2014 £8,204,158 £613,973 £2,796,314 86

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £272

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 lower 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	5	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Geoffrey Frank Buckland	Nationality	British
Date of Birth	10/1929	Present Appointments	1
Latest Address	High Pastures, Bank Hill Woodborough, Nottingham, Nottinghamshire	Appointment Date	06/07/1992
Post Code	NG14 6EF
Title	Mr	Function	Director
Name	Anthony James Buckland	Nationality	British
Date of Birth	05/1966	Present Appointments	3
Latest Address	The Cottage, Main Street, Epperstone, Nottingham, Nottinghamshire	Appointment Date	30/08/1994
Post Code	NG14 6AU

Title	Ms	Function	Director
Name	Gabrielle Phillips	Nationality	British
Date of Birth	10/1967	Present Appointments	1
Latest Address	9 Kirkhill, Bingham, Nottinghamshire	Appointment Date	14/09/2007
Post Code	NG13 8FF
Title	Mr	Function	Director
Name	Nicholas John Buckland	Nationality	British
Date of Birth	06/1963	Present Appointments	3
Latest Address	The Old Rectory Top Street, Elston, Newark, Nottinghamshire	Appointment Date	06/07/1992
Post Code	NG23 5NP

Title	Mrs	Function	Director
Name	Stephanie Creamer	Nationality	British
Date of Birth	08/1961	Present Appointments	1
Latest Address	68 Marsh Lane, Farndon, Newark, Nottinghamshire	Appointment Date	01/01/2011
Post Code	NG24 4SZ

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Stephanie Creamer Acma	Nationality	British
Date of Birth	-	Present Appointments	1
Latest Address	68 Marsh Lane, Farndon, Newark, Nottinghamshire	Appointment Date	14/09/2007
Post Code	NG24 4SZ

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
A.J. BUCKLAND	GBP	19,176	ORDINARY B	1	25
N.J. BUCKLAND	GBP	19,176	ORDINARY C	1	25
VICTORIA BUCKLAND	GBP	14,574	ORDINARY B	1	19
SUZANNE BUCKLAND	GBP	14,574	ORDINARY C	1	19
G.F. BUCKLAND	GBP	5,370	ORDINARY A	1.07	7
J.D. BUCKLAND	GBP	3,830	ORDINARY D	1	4.99

FINANCIALS

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	£8,058,618	-1.7%	£8,197,093	-0.1%	£8,204,158	1.2%	£8,103,122	-4.7%	£8,502,995
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£4,900,712	-4.1%	£5,111,300	-3.5%	£5,299,406	2.8%	£5,154,921	-5.4%	£5,448,413
Gross Profit	£3,157,906	2.3%	£3,085,793	6.2%	£2,904,752	-1.5%	£2,948,201	-3.5%	£3,054,582
Wages & Salaries	£1,888,650	2.1%	£1,849,440	5.4%	£1,754,996	-1.6%	£1,784,131	9.3%	£1,632,647
Directors Emoluments	£189,968	12.9%	£168,237	0.1%	£168,007	-5.5%	£177,871	-3.1%	£183,474
Operating Profit	£593,918	-20.7%	£749,045	17.6%	£636,673	10.5%	£576,222	-26.4%	£783,190
Depreciation	£111,466	-2.2%	£113,968	0.7%	£113,149	4.4%	£108,360	2%	£106,196
Audit Fees	£11,000	4.8%	£10,500	40%	£7,500	-	£7,500	2.7%	£7,300
Interest Payments	£54,450	-69.5%	£178,778	231.6%	£53,910	49.7%	£36,020	-43.6%	£63,914
Pre Tax Profit	£596,879	-5.3%	£630,544	2.7%	£613,973	13.7%	£540,202	-24.9%	£719,276
Taxation	-£119,689	83.3%	-£718,087	-439%	-£133,220	11.7%	-£150,942	-430.4%	-£28,459
Profit After Tax	£477,190	645.1%	-£87,543	-118.2%	£480,753	23.5%	£389,260	-43.7%	£690,817
Dividends Payable	£432,000	12.3%	£384,750	6.9%	£360,000	-15.8%	£427,682	-	£427,682
Retained Profit	£45,190	109.6%	-£472,293	-491.1%	£120,753	414.3%	-£38,422	-114.6%	£263,135

Balance Sheet

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Tangible Assets	£2,097,232	-1.3%	£2,125,548	-4%	£2,214,094	111.7%	£1,046,069	-2.8%	£1,076,053
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£2,097,232	-1.3%	£2,125,548	-4%	£2,214,094	111.7%	£1,046,069	-2.8%	£1,076,053
Stock	£2,014,791	-0.5%	£2,023,977	-10.2%	£2,253,209	10.7%	£2,035,230	-8.9%	£2,233,896
Trade Debtors	£405,291	48.2%	£273,440	-12.2%	£311,259	41%	£220,746	-26.3%	£299,654
Cash	£566,377	-23.8%	£743,363	110.9%	£352,502	-50.8%	£716,141	35.1%	£529,962
Other Debtors	£190,299	31.3%	£144,982	-25.3%	£194,077	61%	£120,575	22.8%	£98,162
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£3,176,758	-0.3%	£3,185,762	2.4%	£3,111,047	0.6%	£3,092,692	-2.2%	£3,161,674
Trade Creditors	£596,519	48.4%	£402,019	-9.8%	£445,857	-7.9%	£483,873	-5.6%	£512,814
Bank Loans & Overdrafts	£163,421	8.1%	£151,124	-9.4%	£166,732	210.3%	£53,735	-	£53,735
Other Short Term Finance	£28,845	102.2%	£14,263	237.1%	£4,231	-85.9%	£30,033	-47.7%	£57,457
Miscellaneous Current Liabilities	£444,844	-3.5%	£460,916	51.3%	£304,619	7.9%	£282,354	36.6%	£206,716
Total Current Liabilities	£1,233,629	20%	£1,028,322	11.6%	£921,439	8.4%	£849,995	2.3%	£830,722
Bank Loans & Overdrafts and LTL	£1,834,571	-13.1%	£2,110,091	18.9%	£1,774,120	166%	£666,940	-10.7%	£746,757
Other Long Term Finance	£27,121	227.2%	£8,290	-51%	£16,929	300.1%	£4,231	-87.7%	£34,264
Total Long Term Liabilities	£1,671,150	-14.7%	£1,958,967	21.9%	£1,607,388	162.1%	£613,205	-11.5%	£693,022

.

Capital & Reserves

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Called Up Share Capital	£76,700	-	£76,700	-	£76,700	-	£76,700	-	£76,700
P & L Account Reserve	£1,949,563	2.6%	£1,899,301	-19.8%	£2,368,523	5.5%	£2,244,699	-1.6%	£2,280,050
Revaluation Reserve	£276,848	-1.8%	£281,920	999.9%	£100	-100%	£288,062	-1.1%	£291,133
Sundry Reserves	£66,100	-	£66,100	-81.2%	£350,991	431%	£66,100	-	£66,100
Shareholder Funds	£2,369,211	1.9%	£2,324,021	-16.9%	£2,796,314	4.5%	£2,675,561	-1.4%	£2,713,983

Other Financial Items

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Worth	£2,369,211	1.9%	£2,324,021	-16.9%	£2,796,314	4.5%	£2,675,561	-1.4%	£2,713,983
Working Capital	£1,943,129	-9.9%	£2,157,440	-1.5%	£2,189,608	-2.4%	£2,242,697	-3.8%	£2,330,952
Total Assets	£5,273,990	-0.7%	£5,311,310	-0.3%	£5,325,141	28.7%	£4,138,761	-2.3%	£4,237,727
Total Liabilities	£2,904,779	-2.8%	£2,987,289	18.1%	£2,528,827	72.8%	£1,463,200	-4%	£1,523,744
Net Assets	£2,369,211	1.9%	£2,324,021	-16.9%	£2,796,314	4.5%	£2,675,561	-1.4%	£2,713,983

Cash Flow

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Cashflow from Operations	£377,442	-65.8%	£1,104,478	247.4%	-£749,089	-185.9%	£871,635	-34.5%	£1,330,372
Net Cashflow before Financing	-£59,574	-110.8%	£553,856	139.3%	-£1,410,368	-570.4%	£299,808	-53.9%	£650,231
Net Cashflow from Financing	-£117,412	28%	-£162,995	-115.6%	£1,046,729	999.9%	-£113,629	-20.5%	-£94,284
Increase in Cash	-£176,986	-145.3%	£390,861	207.5%	-£363,639	-295.3%	£186,179	-66.5%	£555,947

Miscellaneous

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£4,040,361	-5.7%	£4,282,988	-2.7%	£4,403,702	33.9%	£3,288,766	-3.5%	£3,407,005
Number of Employees	90	-	90	4.7%	86	6.2%	81	2.5%	79
Accountants
Auditors	PKF COOPER PARRY GROUP LIMITED
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS 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 %	7.41	7.69	7.48	6.67	8.46
Current ratio	2.58	3.10	3.38	3.64	3.81
Sales/Net Working Capital	4.15	3.80	3.75	3.61	3.65
Gearing %	77.40	90.80	63.40	24.90	27.50
Equity in %	44.90	43.80	52.50	64.60	64
Creditor Days	26.94	17.85	19.78	21.73	21.95
Debtor Days	18.30	12.14	13.80	9.91	12.82
Liquidity/Acid Test	0.94	1.12	0.93	1.24	1.11
Return On Capital Employed %	14.77	14.72	13.94	16.42	21.11
Return On Total Assets Employed %	11.31	11.87	11.52	13.05	16.97
Current Debt Ratio	0.52	0.44	0.32	0.31	0.30
Total Debt Ratio	1.22	1.28	0.90	0.54	0.56
Stock Turnover Ratio %	25	24.69	27.46	25.11	26.27
Return on Net Assets Employed %	25.19	27.13	21.95	20.19	26.50

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
30/09/2017	New Accounts Filed
30/09/2017	New Accounts Filed
21/07/2017	Confirmation Statement
26/09/2016	New Accounts Filed
26/09/2016	New Accounts Filed
28/07/2016	Annual Returns
05/10/2015	New Accounts Filed
05/10/2015	New Accounts Filed
24/07/2015	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	PRICE & BUCKLAND LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	PRICE & BUCKLAND LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
PRICE & BUCKLAND LIMITED	00636587	31.12.2016	N	£8,058,618
A.P.C. FASHIONS LIMITED	03068252	31.12.2016	N
A.P.C. SCHOOLWEAR LIMITED	03068257	31.12.2016	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	11/02/93
Date Charge Registered:	17/02/93
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:	(SEE FORM 395 FOR FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY ANDASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	05/10/88
Date Charge Registered:	11/10/88
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:	PIECE OR PARCEL OF LAND SITUATE OFF WATNALL ROAD, HUCKNALL NOTTINGHAMSHIRE TITLE NO:- NT 226857

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	2	£272
Company Name	Amount	Statement Date
Nottinghamshire Logs Ltd	£172	28/04/2017
L J Rushton Limited	£100	20/05/2011

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments		Dissolved Companies
Anne Buckland	0		1		0
Graham Frost	0		1		1
David Beecroft	0		1		0
Total Persons With Significant Control		2		Total Statements		0
Active		2		Active		0
Ceased		0		Ceased		0

Active Persons With Significant Control

Name	Mr Anthony James Buckland	Kind	Individual Person With Significant Control
Address	Benneworth Close, Hucknall, Nottingham	Country Of Residence	England
Post Code	NG15 6EL	Nationality	British
Date of Birth	05/1966	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Significant Influence Or Control
Name	Mr Nicholas John Buckland	Kind	Individual Person With Significant Control
Address	Benneworth Close, Hucknall, Nottingham	Country Of Residence	England
Post Code	NG15 6EL	Nationality	British
Date of Birth	06/1963	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,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	£103.39
Invoices available	191
Paid	172
Outstanding	19

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	59	89	20	3	1
Outstanding	5	9	5	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.72
UK Pound	1	INR 88.64
Euro	1	INR 78.14
GBP	1	INR 90.59

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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.