|
|
|
MIRA INFORM REPORT
|
Report No. : |
516564 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIQUE LABELS AND RIBBONS UK LIMITED |
|
|
|
|
Formerly Known As : |
RAINBOW
HANDKNITTING YARNS LIMITED |
|
|
|
|
Registered Office : |
9
John Bradshaw Court Alexandria Way Congleton CW12 1LB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation : |
15.09.2006 |
|
|
|
|
Com. Reg. No.: |
05936834 |
|
|
|
|
Legal Form : |
Private
Limited With Share Capital |
|
|
|
|
Line of Business : |
Weaving
of textiles. |
|
|
|
|
No. of Employees : |
11 (31.03.2017) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
UNIQUE
LABELS AND RIBBONS UK LIMITED
Company
No
05936834
Company
Summary
Registered Address 9 JOHN BRADSHAW COURT
ALEXANDRIA WAY
CONGLETON
CW12 1LB
Trading Address 9 John Bradshaw Court
Alexandria Way
Congleton
Cheshire
CW12 1LB
Website
Address http://www.theuniquegroup.com
Telephone
Number 01260276251
Fax
Number
TPS No
FPS Yes
Incorporation
Date 15/09/2006
Previous
Name RAINBOW HANDKNITTING
YARNS LIMITED
Type Private limited with
Share Capital
FTSE
Index -
Date
of Change 19/12/2009
Filing
Date of Accounts 20/12/2017
Currency GBP
Share
Capital £978,100
SIC07 13200
Charity
Number -
SIC07
Description WEAVING OF TEXTILES
Principal
Activity
Additional
Information
CCJ's 0 (£0)
No
CCJ Information To Display
Ultimate
Holding Company LANNE INVESTMENT
HOLDINGS LIMITED
Accountant -
Mortgages 1
Trade
Debtors -
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 - - £435,986 11
31/03/2016 - - £391,753 9
31/03/2015 - - £321,161 -
Mortgage
Summary
Total
Mortgage 1
Outstanding 1
Satisfied 0
Trade
Debtors / Bad Debt Summary
Total
Number of Documented Trade 1
Total
Value of Documented Trade £411
Commentary
|
This
company has been treated as a Small company in respect of the rating/limit generated. |
|
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. |
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 |
2 |
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
10 |
Total
Person's With Significant Control |
1 |
Current
Directors
|
Title |
Mr |
Function |
Director |
|
Name |
Adrian
Neil Lichtman |
Nationality |
Canadian |
|
Date
of Birth |
07/1950 |
Present
Appointments |
1 |
|
Latest
Address |
9
John Bradshaw Court, Alexandria Way, Congleton, Cheshire |
Appointment
Date |
28/03/2013 |
|
Post
Code |
CW12
1LB |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Gary
Shipman |
Nationality |
British |
|
Date
of Birth |
09/1967 |
Present
Appointments |
1 |
|
Latest
Address |
9
John Bradshaw Court, Alexandria Way, Congleton, Cheshire |
Appointment
Date |
01/04/2014 |
|
Post
Code |
CW12
1LB |
||
Current
Company Secretary
|
Title |
Ms |
Function |
Company
Secretary |
|
Name |
Emma
Shipman |
Nationality |
British |
|
Date
of Birth |
- |
Present
Appointments |
1 |
|
Latest
Address |
9
John Bradshaw Court, Alexandria Way, Congleton, Cheshire |
Appointment
Date |
19/02/2011 |
|
Post
Code |
CW12
1LB |
Top
Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
LANNE
INVESTMENT HOLDINGS LIMITED |
GBP |
978,100 |
ORDINARY |
1 |
100 |
FINANCIAL
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 |
£10,258 |
113.1% |
£4,813 |
11.9% |
£4,300 |
-4.4% |
£4,500 |
21.2% |
£3,714 |
|
|
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 |
£31,823 |
4.9% |
£30,350 |
9.5% |
£27,711 |
0% |
£27,719 |
-14% |
£32,219 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
£31,823 |
4.9% |
£30,350 |
9.5% |
£27,711 |
0% |
£27,719 |
-14% |
£32,219 |
|
|
Stock |
£96,300 |
-0.3% |
£96,600 |
1.1% |
£95,545 |
-7.3% |
£103,045 |
2.5% |
£100,537 |
|
|
Trade
Debtors |
£286,730 |
41.5% |
£202,675 |
-25.7% |
£272,664 |
3.4% |
£263,770 |
13.2% |
£232,935 |
|
|
Cash |
£172,068 |
25.8% |
£136,799 |
-9.9% |
£151,791 |
78.9% |
£84,856 |
56% |
£54,384 |
|
|
Other
Debtors |
£46,805 |
-11.2% |
£52,711 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
£601,903 |
23.1% |
£488,785 |
-6% |
£520,000 |
15.1% |
£451,671 |
16.5% |
£387,856 |
|
|
Trade
Creditors |
£171,956 |
70.8% |
£100,696 |
-43% |
£176,674 |
35.2% |
£130,693 |
-11.9% |
£148,320 |
|
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other
Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
£25,784 |
-3.4% |
£26,686 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Liabilities |
£197,740 |
55.2% |
£127,382 |
-27.9% |
£176,674 |
35.2% |
£130,693 |
-11.9% |
£148,320 |
|
|
Bank
Loans & Overdrafts and LTL |
0 |
- |
0 |
-100% |
£49,876 |
-95.5% |
£1,118,147 |
-0.1% |
£1,119,667 |
|
|
Other
Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£978,089 |
- |
£978,089 |
|
|
Total
Long Term Liabilities |
0 |
- |
0 |
-100% |
£49,876 |
-95.5% |
£1,118,147 |
-0.1% |
£1,119,667 |
.
Capital
& Reserves
|
Date
Of Accounts |
31/03/17 |
(%) |
31/03/16 |
(%) |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
|
|
|
Called
Up Share Capital |
£978,200 |
- |
£978,200 |
- |
£978,200 |
999.9% |
£100 |
- |
£100 |
|
|
P
& L Account Reserve |
-£542,214 |
7.5% |
-£586,447 |
10.7% |
-£657,039 |
14.6% |
-£769,550 |
9.3% |
-£848,012 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£435,986 |
11.3% |
£391,753 |
22% |
£321,161 |
141.7% |
-£769,450 |
9.3% |
-£847,912 |
Other
Financial Items
|
Date
Of Accounts |
31/03/17 |
(%) |
31/03/16 |
(%) |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
|
|
|
Net
Worth |
£435,986 |
11.3% |
£391,753 |
22% |
£321,161 |
141.7% |
-£769,450 |
9.3% |
-£847,912 |
|
|
Working
Capital |
£404,163 |
11.8% |
£361,403 |
5.3% |
£343,326 |
7% |
£320,978 |
34% |
£239,536 |
|
|
Total
Assets |
£633,726 |
22.1% |
£519,135 |
-5.2% |
£547,711 |
14.3% |
£479,390 |
14.1% |
£420,075 |
|
|
Total
Liabilities |
£197,740 |
55.2% |
£127,382 |
-43.8% |
£226,550 |
-81.9% |
£1,248,840 |
-1.5% |
£1,267,987 |
|
|
Net
Assets |
£435,986 |
11.3% |
£391,753 |
22% |
£321,161 |
141.7% |
-£769,450 |
9.3% |
-£847,912 |
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 |
£435,986 |
11.3% |
£391,753 |
5.6% |
£371,037 |
6.4% |
£348,697 |
28.3% |
£271,755 |
|
|
Number
of Employees |
11 |
22.2% |
9 |
- |
- |
- |
- |
- |
- |
|
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 |
3.04 |
3.84 |
2.94 |
3.46 |
2.61 |
|
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing
% |
0 |
0 |
15.50 |
-145.30 |
-132 |
|
|
Equity
in % |
68.80 |
75.50 |
58.60 |
-160.50 |
-201.80 |
|
|
Creditor
Days |
- |
- |
- |
- |
- |
|
|
Debtor
Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid
Test |
2.55 |
3.07 |
2.40 |
2.66 |
1.93 |
|
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current
Debt Ratio |
0.45 |
0.32 |
0.55 |
-0.16 |
-0.17 |
|
|
Total
Debt Ratio |
0.45 |
0.32 |
0.70 |
-1.62 |
-1.49 |
|
|
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 |
|
26/12/2017 |
New
Accounts Filed |
|
26/12/2017 |
New
Accounts Filed |
|
25/09/2017 |
Confirmation
Statement |
|
02/10/2016 |
Annual
Returns |
|
24/09/2016 |
New
Accounts Filed |
|
23/11/2015 |
Annual
Returns |
|
17/11/2015 |
New
Accounts Filed |
|
17/12/2014 |
New
Accounts Filed |
|
17/12/2014 |
New
Accounts Filed |
|
17/10/2014 |
Annual
Returns |
|
07/07/2014 |
Ms
J.L. Willcock has left the board |
|
07/07/2014 |
Mr
I. Battersby has left the board |
|
28/05/2014 |
New
Board Member Mr G. Shipman appointed |
|
20/05/2014 |
Mr
G. Shipman has left the board |
|
18/01/2014 |
Annual
Returns |
Previous
Company Names
|
Date |
Previous
Name |
|
19/12/2009 |
RAINBOW
HANDKNITTING YARNS LIMITED |
Writ
Details
No
writs found
Statistics
|
Group |
2
companies |
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company |
- |
|
Ownership
Status |
Wholly
Owned |
|
Ultimate
Holding Company |
LANNE
INVESTMENT HOLDINGS LIMITED |
Group StructureFull
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
|
N/A |
- |
- |
|
|
|
05936834 |
31.03.2017 |
N |
Mortgage
Details
|
Mortgage
Type: |
RENT
DEPOSIT DEED |
||
|
Date
Charge Created: |
18/09/12 |
||
|
Date
Charge Registered: |
20/09/12 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
DAVID
GARETH DAVIES AND GARY PARKES |
||
|
Amount
Secured: |
£2953.12
DUE OR TO BECOME DUE |
||
|
Details: |
RENT
DEPOSIT SEE IMAGE FOR FULL DETAILS |
||
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 |
1 |
£411 |
|
|
Company
Name |
Amount |
Statement
Date |
|
|
Jacksons
UK Limited |
£411 |
18/11/2010 |
|
Previous
Director/Company Secretaries
|
Name |
Current
Active Appointments |
Previous
Appointments |
Dissolved
Companies |
|||
|
Linda
Ann Clayton |
1 |
2 |
5 |
|||
|
Linda
Ann Clayton |
1 |
2 |
5 |
|||
|
Graham
Clayton |
1 |
1 |
6 |
|||
|
KEY
LEGAL SERVICES (NOMINEES) LTD |
0 |
727 |
1251 |
|||
|
KEY
LEGAL SERVICES (SECRETARIAL) LTD |
1 |
739 |
1291 |
|||
|
Jane
Louise Willcock |
0 |
1 |
0 |
|||
|
Darren
John Willcock |
0 |
1 |
0 |
|||
|
Matthew
Beeby |
0 |
1 |
0 |
|||
|
Ian
Battersby |
0 |
2 |
1 |
|||
|
Gary
Shipman |
0 |
1 |
0 |
|||
|
Total
Persons With Significant Control |
1 |
Total
Statements |
0 |
|||
|
Active |
0 |
Active |
0 |
|||
|
Ceased |
1 |
Ceased |
0 |
|||
Active
Persons With Significant Control
No
Active Persons With Significant Control To Display
Ceased Persons With Significant Control
|
Name |
Unique
Group Ltd |
Kind |
Corporate
Entity With Significant Control |
|
Address |
80
Islington High Street, London |
Notified
On |
06/04/2016 |
|
Post
Code |
N1
8EQ |
Ceased
On |
20/06/2017 |
|
Authority |
Companies
Act 2006 |
Legal
Form |
Limited
Company |
|
Country
Registered |
England
And Wales |
Place
Registered |
England
And Wales |
|
Nature
Of Control |
Ownership
Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint
And Remove Directors |
Registration
Number |
096637221 |
Active
Statements
No
Active Statements To Display
Ceased
Statements
|
No
Ceased Statements To Display |
|
|
Average
Invoice Value |
£152.35 |
|
Invoices
available |
1 |
|
Paid |
1 |
|
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 |
0 |
1 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
UK Pound |
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
GBP |
1 |
INR 90.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
POJ |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.