MIRA INFORM REPORT

Report No. :	489110
Report Date :	31.01.2018

IDENTIFICATION DETAILS

Name :	BOWMONK LIMITED
Registered Office :	Diamond Road, St Faiths Industrial Estate, Norwich NR6 6AW
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	30.12.1966
Com. Reg. No.:	00894982
Legal Form :	Private Limited with Share Capital
Line of Business :	· Manufacture of Other Transport Equipment n.e.c. · Technical Testing and Analysis, Manufacture Instruments for Measuring.
No. of Employees :	12

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 :	Slow but Correct
Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.06.2017)	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: BOWMONK LIMITED

Company No: 00894982

Company Status: Active - Accounts Filed

Registered Address: DIAMOND ROADST FAITHS INDUSTRIAL ESTATENORWICHNR6 6AW

COMPANY SUMMARY

Registered Address DIAMOND ROAD, ST FAITHS INDUSTRIAL ESTATE, NORWICH NR6 6AW

Trading Address Diamond Road, St. Faiths Industrial Estate, Norwich Norfolk NR6 6AW

Website Address http://www.bowmonk.com

Telephone Number 01603485153

Fax Number --

TPS No

FPS Yes

Incorporation Date 30/12/1966

Previous Name --

Type Private limited with Share Capital

FTSE Index --

Date of Change -

Filing Date of Accounts 19/09/2017

Currency GBP

Share Capital £100

SIC07 30990

Charity Number --

SIC07 Description MANUFACTURE OF OTHER TRANSPORT EQUIPMENT N.E.C.

Principal Activity Technical testing and analysis, manufacture instruments for measuring.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company BOWMONK LIMITED

Accountant -

Mortgages 4

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 - - £1,385,847 12

31/03/2016 - - £1,185,127 11

31/03/2015 - - £1,044,963 -

Mortgage Summary

Total Mortgage 4

Outstanding 2

Satisfied 2

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 Small company in respect of the rating/limit generated.

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

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

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 -	-

Show More

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

Current Directors

Title	Mrs	Function	Director
Name	Kim Amanda Watts	Nationality	British
Date of Birth	09/1962	Present Appointments	2
Latest Address	28 Fairfax Road, Teddington, Middlesex	Appointment Date	28/05/1991
Post Code	TW11 9DF
Title	Mrs	Function	Director
Name	Sharon Jill Simpson	Nationality	British
Date of Birth	05/1966	Present Appointments	3
Latest Address	Laurels Barn Dourne Farm, Five Oak Lane, Staplehurst, Kent	Appointment Date	28/05/1991
Post Code	TN12 0HT

Title	Mr	Function	Director
Name	Ernest Lopez Hill	Nationality	British
Date of Birth	05/1959	Present Appointments	2
Latest Address	64 Cawston Road, Aylsham, Norwich, Norfolk	Appointment Date	01/08/2009
Post Code	NR11 6ED
Title	Ms	Function	Director
Name	Deborah Jane Hill	Nationality	British
Date of Birth	02/1960	Present Appointments	2
Latest Address	64 Cawston Road, Aylsham, Norwich, Norfolk	Appointment Date	28/05/1991
Post Code	NR11 6ED

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Deborah Jane Hill	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Diamond Road, St Faiths Industrial Estate, Norwich, Norfolk	Appointment Date	19/02/2016
Post Code	NR6 6AW

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
EXECUTORS OF ESTATE OF ROY JOHN STREET	GBP	57	ORDINARY	1	57
SHARON JILL SIMPSON	GBP	14	ORDINARY	1	14
KIM AMANDA WATTS	GBP	14	ORDINARY	1	14
DEBORAH JANE HILL	GBP	14	ORDINARY	1	14
EXECUTORS OF ESTATE OF JILL STREET	GBP	1	ORDINARY	1	1
1

Financials

PROFIT & LOSS

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£11,486	94.3%	£5,912	-32.1%	£8,706	-22.6%	£11,244	-19.3%	£13,933
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

BALANCE SHEET

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£863,073	2.8%	£839,338	6.3%	£789,454	111%	£374,170	-2.3%	£382,955
	Intangible Assets	£4,801	-33.3%	£7,201	-25%	£9,601	999.9%	£1	-	£1
	Total Fixed Assets	£867,874	2.5%	£846,539	5.9%	£799,055	113.6%	£374,171	-2.3%	£382,956
	Stock	£171,653	4.9%	£163,620	2.5%	£159,657	153.9%	£62,872	-6.6%	£67,323
	Trade Debtors	£215,323	118.8%	£98,405	-56%	£223,702	106.3%	£108,452	10%	£98,574
	Cash	£498,067	-0.4%	£500,234	1.5%	£492,922	-29%	£694,306	27.8%	£543,092
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£885,043	16.1%	£762,259	-13%	£876,281	1.2%	£865,630	22.1%	£708,989
	Trade Creditors	£257,859	-15.9%	£306,728	-18.5%	£376,373	15.4%	£326,224	-0.3%	£327,300
	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	£257,859	-15.9%	£306,728	-18.5%	£376,373	15.4%	£326,224	-0.3%	£327,300
	Bank Loans & Overdrafts and LTL	£109,211	-6.6%	£116,943	-54%	£254,000	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£109,211	-6.6%	£116,943	-54%	£254,000	-	0	-	0

CAPITAL & RESERVES

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£1,385,747	16.9%	£1,185,027	13.4%	£1,044,863	14.4%	£913,477	19.5%	£764,545
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£1,385,847	16.9%	£1,185,127	13.4%	£1,044,963	14.4%	£913,577	19.5%	£764,645

OTHER FINANCIAL ITEMS

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£1,381,046	17.2%	£1,177,926	13.8%	£1,035,362	13.3%	£913,576	19.5%	£764,644
	Working Capital	£627,184	37.7%	£455,531	-8.9%	£499,908	-7.3%	£539,406	41.3%	£381,689
	Total Assets	£1,752,917	9%	£1,608,798	-4%	£1,675,336	35.1%	£1,239,801	13.5%	£1,091,945
	Total Liabilities	£367,070	-13.4%	£423,671	-32.8%	£630,373	93.2%	£326,224	-0.3%	£327,300
	Net Assets	£1,385,847	16.9%	£1,185,127	13.4%	£1,044,963	14.4%	£913,577	19.5%	£764,645

CASH FLOW

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,495,058	14.8%	£1,302,070	0.2%	£1,298,963	42.2%	£913,577	19.5%	£764,645
	Number of Employees	12	9.1%	11	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

RATIOS

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	3.43	2.49	2.33	2.65	2.17
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	7.90	9.90	24.30	0	0
	Equity in %	79.30	74	62.70	73.70	70
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	2.76	1.95	1.90	2.46	1.96
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.18	0.25	0.36	0.35	0.42
	Total Debt Ratio	0.26	0.35	0.60	0.35	0.42
	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
22/09/2017	New Accounts Filed
22/09/2017	New Accounts Filed
01/06/2017	Confirmation Statement
01/06/2017	Ms J. Street has left the board
28/09/2016	New Accounts Filed
10/06/2016	Annual Returns
08/06/2016	Mr R.J. Street has left the board
23/02/2016	Ms J. Street has resigned as company secretary
23/02/2016	New Company Secretary Mrs D.J. Hill appointed
15/07/2015	New Accounts Filed
05/06/2015	Annual Returns
10/07/2014	New Accounts Filed
25/06/2014	Annual Returns
30/09/2013	New Accounts Filed
17/06/2013	Annual Returns

Show more

Show more

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	BOWMONK LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	BOWMONK LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BOWMONK LIMITED	00894982	31.03.2017	N
GB INSPECTION SYSTEMS...	03021497	31.03.2017	N

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	26/03/15
Date Charge Registered:	09/04/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	F/H UNIT 22A COBBETT ROAD BURNTWOOD STAFFORDSHIRE T/N SF478324CONTAINS NEGATIVEPLEDGE.
Mortgage Type:
Date Charge Created:	24/10/14
Date Charge Registered:	24/10/14
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:	DEBENTURE
Date Charge Created:	16/02/87
Date Charge Registered:	02/03/87
Date Charge Satisfied:	10/10/06
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	31/01/87
Date Charge Registered:	04/02/87
Date Charge Satisfied:	10/10/06
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY FORMERLY K/A THE JAMES WALKER COMMERCIAL PREMISES AT DIAMOND ROAD,ST. FAITHS INDUSTRIALESTATE, NORWICH. FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Gillian Olive Webb	0	1	2
Roy John Street	0	2	0
Jill Street	0	2	0
Jill Street	0	2	0

Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Ernest Lopez Hill	Kind	Individual Person With Significant Control
Address	Diamond Road, St Faiths Industrial Estate, Norwich, Norfolk	Country Of Residence	England
Post Code	NR6 6AW	Nationality	British
Date of Birth	05/1959	Notified On	28/05/2017
Nature Of Control	Has significant influence or control

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display
Average Invoice Value	£668.85
Invoices available	23
Paid	23
Outstanding	0

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	15	7	1	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.75
UK Pound	1	INR 89.39
Euro	1	INR 78.75
GBP	1	INR 89.97

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	NIT

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.