3decades

MIRA INFORM REPORT

Report No. :	491148
Report Date :	13.02.2018

IDENTIFICATION DETAILS

Name :	SPI LASERS UK LIMITED

Formerly Known As :	SOUTHAMPTON PHOTONICS LIMITED

Registered Office :	3 Wellington Park, Tollbar Way Hedge End, Southampton, SO30 2QU

Country :	United Kingdom

Financials (as on) :	30.06.2017

Date of Incorporation :	11.12.1996

Com. Reg. No.:	03290610

Legal Form :	Private Limited with Share Capital

Line of Business :	· Manufacture of optical precision instruments · Leader in the design, development engineering and manufacture of optical fibre- based laser sources for a range of markets and applications.

No. of Employees :	286

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

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 Summary

Registered Address

3 WELLINGTON PARK
TOLLBAR WAY HEDGE END
SOUTHAMPTON
SO30 2QU

Trading Address

3 Wellington Park
Tollbar Way Hedge End
Southampton
Hampshire
SO30 2QU

Website Address http://www.spilasers.com

Company Number 03290610

Telephone Number 01489779696

Fax Number -

TPS No

FPS Yes

Incorporation Date 11/12/1996

Previous Name SOUTHAMPTON PHOTONICS LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 27/09/2005

Filing Date of Accounts 30/09/2017

Currency GBP

Share Capital £126,417

SIC07 26701

Charity Number -

SIC07 Description Manufacture of optical precision instruments

Principal Activity Leader in the design, development engineering and manufacture of optical fibre-

based laser sources for a range of markets and applications.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company TRUMPF GMBH & CO KG

Accountant -

Mortgages 9

Group 5 companies

Linkages 1007 companies

Countries In 10 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30.06.2017	£71,231,000	£8,105,000	£36,307,000	286
30.06.2016	£49,934,000	-£1,987,000	£28,202,000	305
30.06.2015	£44,797,000	£6,421,000	£30,189,000	259

Mortgage summary

Total Mortgage 9

Outstanding 3

Satisfied 6

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.

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

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

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

The company has more cash than short term bank borrowings.

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	4	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	24	Total Person's With Significant Control	1

Current Directors

Title	Dr	Function	Director
Name	Malcolm Paul Varnham	Nationality	British
Date of Birth	02/1959	Present Appointments	4
Latest Address	3 Wellington Park, Tollbar Way Hedge End, Southampton	Appointment Date	25/01/2001
Post Code	SO30 2QU
Title	Dr	Function	Director
Name	Mark Greenwood	Nationality	British
Date of Birth	02/1965	Present Appointments	2
Latest Address	3 Wellington Park, Tollbar Way Hedge End, Southampton	Appointment Date	02/01/2018
Post Code	SO30 2QU

Title	Mr	Function	Director
Name	Thomas Reinauer	Nationality	German
Date of Birth	06/1970	Present Appointments	1
Latest Address	3 Wellington Park, Tollbar Way Hedge End, Southampton	Appointment Date	12/03/2010
Post Code	SO30 2QU
Title	Mr	Function	Director
Name	Graham Parsons	Nationality	British
Date of Birth	04/1968	Present Appointments	1
Latest Address	3 Wellington Park, Tollbar Way Hedge End, Southampton	Appointment Date	01/09/2017
Post Code	SO30 2QU

Current Company Secretary

Title	Dr	Function	Company Secretary
Name	Malcolm Paul Varnham	Nationality	British
Date of Birth	02/1959	Present Appointments	8
Latest Address	3 Wellington Park, Tollbar Way Hedge End, Southampton	Appointment Date	18/12/2001
Post Code	SO30 2QU

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SPI LASERS PLC	GBP	1,264,168	ORDINARY	0.1	100

Profit & Loss

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Turnover	£71,231,000	42.7%	£49,934,000	11.5%	£44,797,000	15.9%	£38,668,000	9.7%	£35,260,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	£32,937,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Cost of Sales	£48,204,000	32.3%	£36,440,000	14.8%	£31,729,000	8.8%	£29,151,000	5.3%	£27,686,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Gross Profit	£23,027,000	70.6%	£13,494,000	3.3%	£13,068,000	37.3%	£9,517,000	25.7%	£7,574,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Wages & Salaries	£12,853,000	1.8%	£12,629,000	24.1%	£10,175,000	-14.8%	£11,948,000	5.3%	£11,350,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Directors Emoluments	£715,000	25.9%	£568,000	26.5%	£449,000	-54.3%	£983,000	25.9%	£781,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Operating Profit	£8,168,000	524.3%	-£1,925,000	-130%	£6,421,000	244.1%	-£4,457,000	18.5%	-£5,468,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Depreciation	£1,974,000	-2.3%	£2,020,000	26.9%	£1,592,000	22.2%	£1,303,000	32.3%	£985,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Audit Fees	£39,000	21.9%	£32,000	-5.9%	£34,000	3%	£33,000	6.5%	£31,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Interest Payments	£63,000	1.6%	£62,000	-	-	-100%	£97,000	-12.6%	£111,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Pre Tax Profit	£8,105,000	507.9%	-£1,987,000	-130.9%	£6,421,000	241.2%	-£4,548,000	18.5%	-£5,579,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Profit After Tax	£8,105,000	507.9%	-£1,987,000	-130.9%	£6,421,000	241.2%	-£4,548,000	18.5%	-£5,579,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Retained Profit	£8,105,000	507.9%	-£1,987,000	-130.9%	£6,421,000	241.2%	-£4,548,000	18.5%	-£5,579,000

Balance Sheet

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Tangible Assets	£7,699,000	2.7%	£7,493,000	11.2%	£6,739,000	5.7%	£6,376,000	30.6%	£4,883,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Intangible Assets	£12,107,000	-2.1%	£12,367,000	-10.1%	£13,751,000	999.9%	£59,000	-34.4%	£90,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Fixed Assets	£19,806,000	-0.3%	£19,860,000	-3.1%	£20,490,000	218.4%	£6,435,000	29.4%	£4,973,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Stock	£12,827,000	18.7%	£10,806,000	4.1%	£10,378,000	67.4%	£6,198,000	-1.3%	£6,279,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Trade Debtors	£13,913,000	232.8%	£4,181,000	-31.8%	£6,133,000	-6.6%	£6,565,000	62.5%	£4,040,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Cash	£4,537,000	16.3%	£3,900,000	50.2%	£2,596,000	-13.7%	£3,009,000	138.8%	£1,260,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Other Debtors	£7,123,000	23.4%	£5,772,000	-42.7%	£10,076,000	17.3%	£8,588,000	205.8%	£2,808,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Current Assets	£38,400,000	55.7%	£24,659,000	-15.5%	£29,183,000	19.8%	£24,360,000	69.3%	£14,387,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Trade Creditors	£7,479,000	273.6%	£2,002,000	-48.9%	£3,917,000	34.2%	£2,919,000	-11%	£3,280,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Other Short Term Finance	£9,808,000	-7.5%	£10,607,000	1.5%	£10,447,000	999.9%	£808,000	-92%	£10,087,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£4,005,000	21.2%	£3,305,000	-27.1%	£4,532,000	66.4%	£2,724,000	4.9%	£2,597,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Current Liabilities	£21,292,000	33.8%	£15,914,000	-15.8%	£18,896,000	192.9%	£6,451,000	-59.6%	£15,964,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£607,000	50.6%	£403,000	-31.5%	£588,000	2.1%	£576,000	629.1%	£79,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£607,000	50.6%	£403,000	-31.5%	£588,000	2.1%	£576,000	629.1%	£79,000

Capital & Reserves

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Called Up Share Capital	£126,000	-	£126,000	-	£126,000	-	£126,000	24.8%	£101,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	P & L Account Reserve	-£88,651,000	8.4%	-£96,756,000	-2.1%	-£94,769,000	6.3%	-£101,190,000	-4.7%	-£96,642,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Sundry Reserves	£124,832,000	-	£124,832,000	-	£124,832,000	-	£124,832,000	25%	£99,858,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Shareholder Funds	£36,307,000	28.7%	£28,202,000	-6.6%	£30,189,000	27%	£23,768,000	616.6%	£3,317,000

Other Financial Items

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Net Worth	£24,200,000	52.8%	£15,835,000	-3.7%	£16,438,000	-30.7%	£23,709,000	634.7%	£3,227,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Working Capital	£17,108,000	95.6%	£8,745,000	-15%	£10,287,000	-42.6%	£17,909,000	999.9%	-£1,577,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Assets	£58,206,000	30.7%	£44,519,000	-10.4%	£49,673,000	61.3%	£30,795,000	59.1%	£19,360,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Liabilities	£21,899,000	34.2%	£16,317,000	-16.3%	£19,484,000	177.3%	£7,027,000	-56.2%	£16,043,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Net Assets	£36,307,000	28.7%	£28,202,000	-6.6%	£30,189,000	27%	£23,768,000	616.6%	£3,317,000

Cash Flow

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	£3,073,000	-16.9%	£3,700,000	-64%	£10,285,000	196.7%	-£10,631,000	-40%	-£7,593,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	£1,741,000	121.8%	£785,000	107.8%	-£10,017,000	25.4%	-£13,427,000	-36.5%	-£9,837,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-£1,480,000	-119.6%	-£674,000	-107%	£9,604,000	-36.7%	£15,176,000	54.6%	£9,817,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Increase in Cash	£261,000	135.1%	£111,000	126.9%	-£413,000	-123.6%	£1,749,000	999.9%	-£20,000

Miscellaneous

	Date Of Accounts	30/06/17	(%)	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Capital Employed	£36,914,000	29%	£28,605,000	-7.1%	£30,777,000	26.4%	£24,344,000	616.8%	£3,396,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Number of Employees	286	-6.2%	305	17.8%	259	3.2%	251	-2%	256
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code	40-42-18

Ratios

	Date Of Accounts	30/06/17	30/06/16	30/06/15	30/06/14	30/06/13
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	11.38	-3.98	14.33	-11.76	-15.82
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Current ratio	1.80	1.55	1.54	3.78	0.90
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	4.16	5.71	4.35	2.16	-22.36
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Gearing %	1.70	1.40	1.90	2.40	2.40
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Equity in %	78.80	87.70	84	77.30	17.20
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Creditor Days	38.21	14.59	31.82	27.47	33.86
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Debtor Days	71.09	30.47	49.83	61.79	41.70
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.20	0.87	0.99	2.81	0.50
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Return On Capital Employed %	21.95	-6.94	20.86	-18.68	-164.28
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	13.92	-4.46	12.92	-14.76	-28.81
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.58	0.56	0.62	0.27	4.81
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.60	0.57	0.64	0.29	4.83
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	18	21.64	23.16	16.02	17.80
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	22.32	-7.04	21.26	-19.13	-168.19

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
05/01/2018	Dr T.R. Fehn has left the board
05/01/2018	New Board Member Dr M. Greenwood appointed
15/12/2017	Confirmation Statement
14/10/2017	New Accounts Filed
14/10/2017	New Accounts Filed
11/09/2017	Mr D.B. Riddell has left the board
11/09/2017	New Board Member Mr G. Parsons appointed
15/03/2017	New Accounts Filed
17/12/2016	Annual Returns
21/10/2016	New Accounts Filed
01/06/2016	Payment Data Update Received
19/03/2016	Payment Data Update Received
22/01/2016	Annual Returns
15/01/2016	New Board Member Mr D.B. Riddell appointed
06/01/2016	Dr S.R. Norman has left the board

Previous Company Names

Date	Previous Name
27/09/2005	SOUTHAMPTON PHOTONICS LIMITED
30/05/1997	ALNERY NO. 1635 LIMITED

Writ Details

No writs found

Statistics

Group	5 companies
Linkages	1007 companies
Countries	In 10 countries

Summary

Holding Company	SPI LASERS PLC
Ownership Status	Wholly Owned
Ultimate Holding Company	TRUMPF GMBH & CO KG

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\tminus.gif$ TRUMPF GMBH & CO KG	N/A	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\tminus.gif$ TRUMPF INTERNATIONAL B...	HRB 200753	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\tminus.gif$ SPI LASERS PLC	05546901	30.06.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\L.gif$ SPI LASERS UK LIMITED	03290610	30.06.2017	N	£71,231,000
$Description: \\vivek-pc\123 Foreign Report Raw\SPI LASERS UK LIMITED_files\L.gif$ TRUMPF LIMITED	01160907	30.06.2016	N	£40,779,718

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	12/03/07
Date Charge Registered:	14/03/07
Date Charge Satisfied:	03/06/09
Status:	SATISFIED
Person(s) Entitled:	ETV CAPITAL S.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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:	18/12/06
Date Charge Registered:	29/12/06
Date Charge Satisfied:	23/05/09
Status:	SATISFIED
Person(s) Entitled:	ETV CAPITAL S.A.
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:	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:	03/07/06
Date Charge Registered:	06/07/06
Date Charge Satisfied:	29/01/07
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:	14/09/05
Date Charge Registered:	29/09/05
Date Charge Satisfied:	28/06/06
Status:	SATISFIED
Person(s) Entitled:	AMADEUS CAPITAL PARTNERS LIMITED (FOR ITSELF AND AS REPRESNTATIVE AND AGENT FOR THE SECUREDPART
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY FORMERLY KNOWN AS SOUTHAMPTON PHOTONICS LIMITED TOTHE SECURED PARTIESON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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:	CHARGE ON EQUIPMENT
Date Charge Created:	03/06/05
Date Charge Registered:	20/06/05
Date Charge Satisfied:	23/05/09
Status:	SATISFIED
Person(s) Entitled:	ETV CAPITAL S.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED CHARGE (A) THE EQUIPMENT AS LISTED ON THE SCHEDULE TO THE FORM 395; (B) ALL EXISTING OR FUTURELEASES, MAINTENANCE CONTRACTS, GUARANTEES, MANUALS, LICENCES, CERTIFICATES, RECORDS AND OTHER DOCUMENTS RELATING TO THE EQUIPMENT; AND (C)THE INSURANCES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CHARGE ON EQUIPMENT
Date Charge Created:	03/06/05
Date Charge Registered:	07/06/05
Date Charge Satisfied:	20/06/05
Status:	SATISFIED
Person(s) Entitled:	ETV CAPITAL S.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE EQUIPMENT AND LEASES MAINTENANCE CONTRACTS GUARANTEES MANUALS LICENCES CERTIFICATES RECORDS ANDOTHER DOCUMENTS INSURANCES

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	30/03/01
Date Charge Registered:	04/04/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE SCOTTISH PROVIDENT INSTITUTION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A LEASE OF EVEN DATE
Details:	THE SUM OF £76,375 TO BE HELD IN A SEPARATE DESIGNATED ACCOUNT AT THE BANK OF SCOTLAND (OR AT SUCHOTHER BANK AS SHALL FROM TIME TO TIME BE THE LANDLORDS CLEARING BANK)
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	30/03/01
Date Charge Registered:	04/04/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE SCOTTISH PROVIDENT INSTITUTION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A LEASE OF EVEN DATE
Details:	THE SUM OF £76,375 TO BE HELD IN A SEPARATE DESIGNATED ACCOUNT AT THE BANK OF SCOTLAND (OR AT SUCHOTHER BANK AS SHALL FROM TIME TO TIME BE THE LANDLORDS CLEARING BANK)

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	30/03/01
Date Charge Registered:	04/04/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE SCOTTISH PROVIDENT INSTITUTION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A LEASE OF EVEN DATE
Details:	THE SUM OF £37,894 HELD IN A SEPARATE DESIGNATED ACCOUNT AT THE BANK OF SCOTLAND (OR AT SUCH OTHERBANK AS SHALL FROM TIME TO TIME BE THE LANDLORDS CLEARING BANK)

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Anthony John Grenville Hey	0			6	1
John Christian George Dawnay	0			15	11
Erhard Lothar Edgar Kluth	0			4	5
Geoffrey Robert Gamble	0			4	10
David Neil Payne	1			3	3
Anatoly Grudinin	2			3	0
David John Holloway	1			52	114
Richard Ian Laming	0			2	1
James Peter Ballantyne	0			1	0
Donald Lloyd Spalinger	0			2	1
Donald Lloyd Spalinger	0			2	1
Tony Raven	0			2	0
Paul Christopher Banner	0			1	0
James Dennis Hood	0			1	0
David Gareth Parker	1			4	0
Steven Andrew Berg	0			3	2
Stephen Roy Norman	2			1	1
Lars Gruenert	0			2	0
ALNERY INCORPORATIONS NO 2 LIMITED	0			495	1069
ALNERY INCORPORATIONS NO 1 LIMITED	0			1026	2231
ALNERY INCORPORATIONS NO 1 LIMITED	0			1026	2231
Donald Boyd Riddell	0			1	0
Thomas Rudolf Fehn	0			1	0
Christian Karl Joseph Schmitz	1			1	0
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Spi Lasers Plc	Kind	Corporate Entity With Significant Control
Address	3 Wellington Park Wellington Park, Hedge End, Southampton	Notified On	06/04/2016
Post Code	SO30 2QU	Legal Form	Public Limited Company
Authority	Companies Act 2006	Place Registered	England
Country Registered	England	Registration Number	5546901
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

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 64.28
UK Pound	1	INR 89.02
Euro	1	INR 78.93
GBP	1	INR 88.89

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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

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.

Name	Number	Latest Key Financials	Turnover
DEUTSCHE LEASING FINANCE GMBH	HRB 3528	30.09.2016	€56,360,674
RHENUS IMMOBILIEN WEST GMBH & CO. KG	HRA 40849	31.12.2009
TRUMPF FINANCIAL SERVICES GMBH	HRB 206107	30.06.2016	€56,497,176
TRUMPF SACHSEN GMBH	HRB 418	30.06.2010	€49,507,021
DEUTSCHE ANLAGEN-LEASING GMBH	HRB 358	31.12.2015	€31,565,782
DAL BETEILIGUNGSGESELLSCHAFT MBH	HRB 7500	31.12.2015
TRUMPF	314775867	30.06.2017	€105,583,353
TRUMPF WERKZEUGMASCHINEN TENINGEN GMBH	HRB 260107	30.06.2016
TRUMPF-HOMBERGER S.R.L.	MI1374315	30.06.2017	€125,239,353
GROßANLAGEN-LEASING GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 673	31.12.2015
TRUMPF MACCHINE ITALIA S.R.L.	VI358697	30.06.2017	€16,296,556
TRUMPF MACHINES SARL	333244796	30.06.2015	€31,561,431
UNIVERSAL FACTORING GMBH	HRB 19397	31.12.2015	€8,956,685
AXOOM GMBH	HRB 723432	30.06.2016
DUAL GRUNDSTÜCKSVERWALTUNGSGESELLSCHAFT MBH	HRB 1488	10.05.2013
AUTOEXPO DEUTSCHE AUTO-MARKT GMBH	HRB 3231	30.09.2016	€124,281,716
DEUTSCHE OBJEKT-LEASING GMBH	HRB 3506	30.09.2016	€156,102
D A L MOBILIEN-LEASING GMBH, MAINZ	HRB 732	31.12.2015	€468,392
DEUTSCHE ANLAGEN-LEASING SERVICE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 767	31.12.2015
DAL STANDARD-LEASING GMBH	HRB 1277	20.04.2015