MIRA INFORM REPORT

Report No. :	491673
Report Date :	14.02.2018

IDENTIFICATION DETAILS

Name :	MALVERN PANALYTICAL LIMITED

Formerly Known As :	MALVERN INSTRUMENTS LIMITED

Registered Office :	Malvern Instruments Ltd, Enigma Business Park, Malvern, Wr14 1xz

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	11.08.1971

Com. Reg. No.:	01020602

Legal Form :	Private limited with Share Capital

Line of Business :	· Manufacture of electronic measuring, testing etc. Equipment, not for industrial process control · The sale of laboratory equipment for the measurement of particle characterisation to a wide variety of industries.

No. of Employees :	347

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+	Low Risk	Business dealings permissible with low 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 name and address

Company Name: MALVERN PANALYTICAL LIMITED

Company No: 01020602

Company Status: Active - Accounts Filed

Registered Address: MALVERN INSTRUMENTS LTDENIGMA BUSINESS PARKMALVERNWR14 1XZ

Company Name

MALVERN PANALYTICAL LIMITED

Company Number

01020602

Company Summary

Registered Address MALVERN INSTRUMENTS LTD
ENIGMA BUSINESS PARK
MALVERN
WR14 1XZ

Trading Address Malvern Instruments Ltd
Enigma Business Park
Malvern
Heref & Worcs
WR14 1XZ

Website Address http://www.malvern.com

Telephone Number 01684892456

Fax Number

TPS No

FPS Yes

Incorporation Date 11/08/1971

Previous Name MALVERN INSTRUMENTS LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 05/01/2018

Filing Date of Accounts 29/06/2017

Currency GBP

Share Capital £272,290

SIC07 26511

Charity Number -

SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING ETC. EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL

Principal Activity The sale of laboratory equipment for the measurement of particle characterisation to a wide variety of industries.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company SPECTRIS PLC

Accountant -

Mortgages 2

Group 29 companies

Linkages 69 companies

Countries In 15 countries

Key Financials

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

31/12/2016 £110,685,000 £18,889,000 £111,688,000 347

31/12/2015 £97,298,000 £11,628,000 £96,255,000 341

31/12/2014 £90,343,000 £16,234,000 £86,296,000 381

Mortgage Summary

Total Mortgage 2

Outstanding 0

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

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

This company's ratio of total liabilities to total assets indicates the presence of strong 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	7	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	29	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Duncan Morgan Roberts	Nationality	British
Date of Birth	01/1957	Present Appointments	2
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	24/06/1998
Post Code	WR14 1XZ
Title	Dr	Function	Director
Name	Diana Jane Bishop	Nationality	British
Date of Birth	05/1958	Present Appointments	1
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	21/02/1994
Post Code	WR14 1XZ

Title	Mr	Function	Director
Name	Robert William Prestidge	Nationality	British
Date of Birth	11/1960	Present Appointments	3
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	21/05/1998
Post Code	WR14 1XZ
Title	Mrs	Function	Director
Name	Rowena Dawn Innocent	Nationality	British
Date of Birth	09/1970	Present Appointments	1
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	10/08/2011
Post Code	WR14 1XZ

Title	Mr	Function	Director
Name	Eoghan Pol O'Lionaird	Nationality	Irish
Date of Birth	09/1966	Present Appointments	1
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	24/03/2014
Post Code	WR14 1XZ
Title	Mr	Function	Director
Name	Giles Simcock	Nationality	British
Date of Birth	10/1971	Present Appointments	1
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	01/10/2014
Post Code	WR14 1XZ

Title	Mr	Function	Director
Name	Tom Alexander Mulder	Nationality	Dutch
Date of Birth	08/1969	Present Appointments	1
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	05/06/2017
Post Code	WR14 1XZ

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Robert William Prestidge	Nationality	British
Date of Birth	11/1960	Present Appointments	5
Latest Address	Malvern Instruments Ltd Enigma Business Park, Grovewood Road, Malvern, Worcestershire	Appointment Date	21/05/1998
Post Code	WR14 1XZ

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SPECTRIS GROUP HOLDINGS LTD	GBP	272,290	ORDINARY	1	100
1

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
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Turnover	£110,685,000	13.8%	£97,298,000	7.7%	£90,343,000	7.9%	£83,720,000	1%	£82,855,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Export	£101,928,000	16.2%	£87,683,000	6.9%	£82,001,000	5.2%	£77,912,000	1%	£77,152,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Cost of Sales	£47,550,000	6.4%	£44,695,000	17.1%	£38,173,000	14.3%	£33,393,000	-2.1%	£34,124,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Gross Profit	£63,135,000	20%	£52,603,000	0.8%	£52,170,000	3.7%	£50,327,000	3.3%	£48,731,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Wages & Salaries	£18,511,000	17.9%	£15,695,000	0.3%	£15,643,000	17.1%	£13,354,000	8%	£12,369,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Directors Emoluments	£1,776,000	70.3%	£1,043,000	-23.6%	£1,365,000	-10.6%	£1,526,000	32.2%	£1,154,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Operating Profit	£18,714,000	63.2%	£11,466,000	-28.8%	£16,106,000	-6.6%	£17,247,000	3.1%	£16,727,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Depreciation	£1,093,000	14.8%	£952,000	21.6%	£783,000	-37.3%	£1,249,000	20.1%	£1,040,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Audit Fees	£35,000	2.9%	£34,000	-5.6%	£36,000	-10%	£40,000	5.3%	£38,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-100%	£1,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Pre Tax Profit	£18,889,000	62.4%	£11,628,000	-28.4%	£16,234,000	-6.5%	£17,363,000	2.5%	£16,945,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Taxation	-£2,336,000	-89.5%	-£1,233,000	11.1%	-£1,387,000	58.9%	-£3,378,000	10%	-£3,752,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Profit After Tax	£16,553,000	59.2%	£10,395,000	-30%	£14,847,000	6.2%	£13,985,000	6%	£13,193,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Retained Profit	£16,553,000	59.2%	£10,395,000	-30%	£14,847,000	6.2%	£13,985,000	6%	£13,193,000

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Tangible Assets	£11,054,000	-1.3%	£11,194,000	17.9%	£9,497,000	-59.3%	£23,339,000	226.9%	£7,140,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Intangible Assets	£16,901,000	-15.1%	£19,917,000	-20.5%	£25,039,000	999.9%	£96,000	-90.7%	£1,027,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Fixed Assets	£27,955,000	-10.1%	£31,111,000	-9.9%	£34,536,000	47.4%	£23,435,000	186.9%	£8,167,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Stock	£11,384,000	11.3%	£10,228,000	-1.4%	£10,378,000	20.9%	£8,584,000	1.7%	£8,443,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Trade Debtors	£11,675,000	8.6%	£10,752,000	16.4%	£9,239,000	6.4%	£8,682,000	20.6%	£7,200,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Cash	£1,364,000	-74.7%	£5,396,000	558%	£820,000	-57.5%	£1,929,000	-51.6%	£3,984,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Other Debtors	£82,164,000	49.3%	£55,037,000	6.1%	£51,857,000	10.1%	£47,083,000	0.3%	£46,930,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Current Assets	£106,587,000	30.9%	£81,413,000	12.6%	£72,294,000	9.1%	£66,278,000	-0.4%	£66,557,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Trade Creditors	£7,974,000	51.9%	£5,248,000	-5.2%	£5,535,000	-13.6%	£6,408,000	17.7%	£5,445,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-100%	£5,082,000	5.3%	£4,825,000	-3.3%	£4,992,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Miscellaneous Current Liabilities	£14,097,000	58.6%	£8,887,000	11.3%	£7,986,000	5.2%	£7,594,000	0.8%	£7,536,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Current Liabilities	£22,071,000	56.1%	£14,135,000	-24%	£18,603,000	-1.2%	£18,827,000	4.8%	£17,973,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£783,000	-63.3%	£2,134,000	10.5%	£1,931,000	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Long Term Liabilities	£783,000	-63.3%	£2,134,000	10.5%	£1,931,000	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Called Up Share Capital	£272,000	-	£272,000	-	£272,000	-	£272,000	-	£272,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	P & L Account Reserve	£112,776,000	17.4%	£96,063,000	11.7%	£86,009,000	22%	£70,505,000	25.1%	£56,370,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Sundry Reserves	-£1,360,000	-999.9%	-£80,000	-633.3%	£15,000	-86.2%	£109,000	-	£109,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Shareholder Funds	£111,688,000	16%	£96,255,000	11.5%	£86,296,000	21.7%	£70,886,000	24.9%	£56,751,000

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Net Worth	£94,787,000	24.2%	£76,338,000	24.6%	£61,257,000	-13.5%	£70,790,000	27%	£55,724,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Working Capital	£84,516,000	25.6%	£67,278,000	25.3%	£53,691,000	13.2%	£47,451,000	-2.3%	£48,584,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Assets	£134,542,000	19.6%	£112,524,000	5.3%	£106,830,000	19.1%	£89,713,000	20.1%	£74,724,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Liabilities	£22,854,000	40.5%	£16,269,000	-20.8%	£20,534,000	9.1%	£18,827,000	4.8%	£17,973,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Net Assets	£111,688,000	16%	£96,255,000	11.5%	£86,296,000	21.7%	£70,886,000	24.9%	£56,751,000

Cash Flow

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

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
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Capital Employed	£112,471,000	14.3%	£98,389,000	11.5%	£88,227,000	24.5%	£70,886,000	24.9%	£56,751,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Number of Employees	347	1.8%	341	-10.5%	381	24.5%	306	10.9%	276
	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
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Pre-tax profit margin %	17.07	11.95	17.97	20.74	20.45
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Current ratio	4.83	5.76	3.89	3.52	3.70
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Sales/Net Working Capital	1.31	1.45	1.68	1.76	1.71
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Gearing %	0.70	2.20	2.20	0	0
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Equity in %	94.90	103.90	105.50	79.10	77
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Creditor Days	26.22	19.63	22.30	27.86	23.92
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Debtor Days	38.39	40.22	37.22	37.74	31.63
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Liquidity/Acid Test	4.31	5.03	3.32	3.06	3.23
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Return On Capital Employed %	16.79	11.81	18.40	24.49	29.85
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Return On Total Assets Employed %	14.03	10.33	15.19	19.35	22.67
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Current Debt Ratio	0.19	0.14	0.21	0.26	0.31
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Total Debt Ratio	0.20	0.16	0.23	0.26	0.31
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Stock Turnover Ratio %	10.28	10.51	11.48	10.25	10.19
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\barchart-grey.png$	Return on Net Assets Employed %	16.91	12.08	18.81	24.49	29.85

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/01/2018	Change of Name
08/07/2017	New Accounts Filed
19/06/2017	Mr P.I. Walker has left the board
19/06/2017	New Board Member Mr T.A. Mulder appointed
15/05/2017	Confirmation Statement
24/04/2017	Mr J. Martin has left the board
21/04/2017	Payment Data Update Received
22/10/2016	Payment Data Update Received
19/10/2016	New Accounts Filed
19/10/2016	New Accounts Filed
12/07/2016	Payment Data Update Received
25/06/2016	Annual Returns
15/07/2015	New Accounts Filed
13/06/2015	Annual Returns
23/10/2014	New Board Member Mr G. Simcock appointed

Previous Company Names

Date	Previous Name
05/01/2018	MALVERN INSTRUMENTS LIMITED
09/05/1990	CRAY INSTRUMENTS AND CONTROL LIMITED
28/02/1989	MALVERN INSTRUMENTS LIMITED

Writ Details

No writs found

Statistics

Group	29 companies
Linkages	69 companies
Countries	In 15 countries

Summary

Holding Company	SPECTRIS GROUP HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SPECTRIS PLC

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ SPECTRIS PLC	02025003	31.12.2016	Y	£1,345,800,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ BRUEL & KJAER UK LIMITED	04066051	31.12.2016	N	£10,479,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ NOVISIM LIMITED	05269664	31.12.2016	N	£138,018
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ MILLBROOK GROUP LIMITED	08696904	31.12.2015	Y	£48,015,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ MPG MIDCO LIMITED	08696900	31.12.2015	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ MPG BIDCO LIMITED	08680151	31.12.2015	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ MILLBROOK EUROPEA...	09657741	25.12.2016	N	£629,082
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ MILLBROOK PROVING...	02230262	31.12.2016	N	£38,439,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ NEWPORT ELECTRONICS INC	N/A	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ OMEGA ENGINEERING INC		-	-	$121,644,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ NEWPORT ELECTRONICS...	01457039	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ OMEGA ENGINEERING LI...	02564017	31.12.2016	N	£11,874,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ OMEGA TECHNOLOGIES...	02775272	31.12.2016	N	£285,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ PANALYTICAL LIMITED	01005071	31.12.2016	N	£6,549,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ PARTICLE MEASURING SYS...	00895810	31.12.2015	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ SPECTRIS GROUP HOLDING...	01104312	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ BRUEL & KJAER VTS LI...	01539186	31.12.2016	N	£14,492,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ HBM UNITED KINGDOM L...	01589921	31.12.2016	N	£12,050,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ MALVERN PANALYTICAL...	01020602	31.12.2016	N	£110,685,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ NANOSIGHT LIMITED	04599525	30.06.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ VISCOTEK EUROPE LI...	02865266	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ MILLBROOK SPECIAL VE...	11025363	-	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ NDC TECHNOLOGIES LIM...	00630998	31.12.2016	N	£23,568,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ SERVOMEX GROUP LIMITED	02170458	31.12.2016	N	£41,006,000
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ SPECTRIS UK HOLDINGS...	04451903	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\tminus.gif$ SPECTRIS US HOLDINGS...	04451883	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ BURNFIELD LIMITED	01522736	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\T.gif$ SPECTRIS HOLDINGS INC		-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Malvern Instruments Ltd_files\L.gif$ SPECTRIS PENSION TRUST...	02486608	31.12.2016	N

Statistics

Group	29 companies
Linkages	69 companies
Countries	In 15 countries

Mortgage Details

Mortgage Type:	DEED OF ACCESSION AND SUPPLEMENTAL CHARGE
Date Charge Created:	17/11/89
Date Charge Registered:	07/12/89
Date Charge Satisfied:	23/03/93
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(SEE FORM M395 REF M625C FOR FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY
Mortgage Type:	TRADE MARKS MORTGAGE
Date Charge Created:	17/11/89
Date Charge Registered:	29/11/89
Date Charge Satisfied:	23/03/93
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL TRADE MARKS AND OTHER PARTICULAR ASFULLY DESCRIBED IN FORM M395 AND CONTINUATION SHEETS (SEE DOEM395 FOR FULL DETAILS).

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Richard Haldane Stokes Montanaro	6		12	32
Richard Haldane Stokes Montanaro	6		12	32
David Peter Charles Tidsall	2		17	237
Bernard Albert Eastwell	0		4	3
Alan Richard Bragginton	0		1	0
Christopher Martin Hughes	0		1	5
David John Watson	1		1	1
David William Thompson	1		5	17
David James Campbell	2		5	2
David James Campbell	2		5	2
Sulakhan Sahota	0		2	1
John Patrick Stewart Curran	0		2	2
HOCKLEY COURT INVESTMENT MANAGEMENT LIMITED	0		5	11
Clive John Snowdon	3		36	48
Graham John Parsons	0		27	142
James Barry Wilson	0		1	0
Paul Iran Walker	6		4	4
James Charles Webster	1		17	28
Gregory Paul Davidson	0		3	1
David Aslin	0		2	2
Andrew John Plant	0		3	9
Richard William Hall	1		1	5
John Stefan Burmicz	2		2	1
Craig Timothy Howarth	0		2	0
Terry Alan Cooper	0		3	4
John Martin	0		1	0
Edgar Neil Lewis	0		1	0
John Simon McCaskie	0		1	0
HENLEY INVESTMENT MANAGEMENT LIMITED	1		3	11
Total Persons With Significant Control	1	Total Statements			0
Active	1	Active			0
Ceased	0	Ceased			0

Active Persons With Significant Control

Name	Spectris Group Holdings Limited	Kind	Corporate Entity With Significant Control
Address	Heritage House Church Road, Egham	Notified On	06/04/2016
Post Code	TW20 9QD	Legal Form	Private Limited Company
Authority	Companies Act 2006	Place Registered	Companies House
Country Registered	England And Wales	Registration Number	1104312
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

Bottom of Form

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 88.84

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.

Name	Number	Latest Key Financials	Turnover
BRÜEL & KJÆR SOUND & VIBRATION MEASUREMENT A/S	23958414	31.12.2016
HOTTINGER BALDWIN MESSTECHNIK GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 1147	31.12.2016	€155,829,366
BRUEL & KJAER FRANCE	786491555	31.12.2016	€11,126,781
BTG INSTRUMENTS AB	5560458308	31.12.2016	279,332 KSEK
MALVERN INSTRUMENTS GMBH	HRB 243995	31.12.2016
BRÜEL & KJÆR VIBRO A/S	15380594	31.12.2016
BTG SOUTHERN EUROPE	433782646	31.12.2016	€1,342,889
MALVERN INSTRUMENTS	340881887	31.12.2016	€7,742,950
SERVOMEX	350433421	31.12.2014	€2,625,811
SERVOMEX LIMITED	01938746	31.12.2014
NDC TECHNOLOGIES SA	477760038	31.12.2016	€1,233,845
HBM FRANCE	433782554	31.12.2016	€13,648,329
HBM DANMARK APS	78338016	31.12.2016	22,065,613 KR
SPECTRIS DENMARK APS	29615802	-
NDC TECHNOLOGIES LIMITED	VA333856	-
BTG INSTRUMENTS GMBH	HRB 74230	31.12.2016
HBM NORGE AS	919323825	31.12.2016	22,374 KNOK
OMEGA ENGINEERING GMBH	HRB 241720	31.12.2015
DIAMOND BLADE OY	17776796	24.03.2017
MALVERN PANALYTICAL SRL	MB1690861	31.12.2016	€4,963,717