MIRA INFORM REPORT

Report No. :	493824
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	POUNDWORLD RETAIL LIMITED
Formerly Known As :	IN THE PINK LIMITED
Registered Office :	Poundworld House, Premier Way North, Normanton, Wf6 1gy
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	29.01.1988
Com. Reg. No.:	02215564
Legal Form :	Private limited with Share Capital
Line of Business :	· Other retail sale in non-specialised stores · Retailing.
No. of Employees :	5988

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Poor
Payment Behaviour :	Slow and delayed
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 (30.09.2017)	Current Rating (31.12.2017)
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: POUNDWORLD RETAIL LIMITED

Company No: 02215564

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: POUNDWORLD HOUSEPREMIER WAY NORTHNORMANTONWF6 1GY

Company Name

POUNDWORLD RETAIL LIMITED

Company Number

02215564

Company Summary

Registered Address POUNDWORLD HOUSE
PREMIER WAY NORTH
NORMANTON
WF6 1GY

Trading Address Poundworld House
Premier Way North
Normanton Industrial Estate
Normanton, West Yorkshire
WF6 1GY

Website Address http://www.poundworld.co.uk

Telephone Number 01924420260

Fax Number

TPS No

FPS Yes

Incorporation Date 29/01/1988

Previous Name IN THE PINK LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 19/05/2004

Filing Date of Accounts 22/12/2017

Currency GBP

Share Capital £80,000

SIC07 47190

Charity Number -

SIC07 Description OTHER RETAIL SALE IN NON-SPECIALISED STORES

Principal Activity Retailing.

Additional Information

CCJ's 3 (£5,219)

24/03/2016 BOLTON £455 Judgment

28/10/2015 COUNTY COURT BUSINESS CENTRE £439 Judgment

08/03/2014 COUNTY COURT MONEY CLAIMS CENTRE £4,325 Satisfied

Ultimate Holding Company POUNDWORLD RETAIL HOLDINGS LIMITED

Accountant -

Mortgages 13

Trade Debtors -

Group 6 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 £488,846,000 -£17,122,000 -£6,719,000 5988

31/03/2016 £462,689,000 -£5,405,000 £8,922,000 6337

31/03/2015 £422,304,000 £21,878,000 £13,204,000 5590

Mortgage Summary

Total Mortgage 13

Outstanding 6

Satisfied 7

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £10,392

Commentary

This company's return on total assets employed ratio indicates a negative return on assets.

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

This company's ratio of total liabilities to total assets indicates that assets are funded through debt rather than equity.

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

This company trades in an industry with a higher level of corporate failures.

CCJ

Total Number of Exact CCJs -	2	Total Value of Exact CCJs -	£894
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	1	Total Value of Satisfied CCJs -	£4,325
Total Number of Writs -	-

Back to Top

Show More

Total Current Directors	3	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	6	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Stephen Richard Johnson	Nationality	British
Date of Birth	12/1963	Present Appointments	7
Latest Address	Poundworld House Premier Way North, Normanton Industrial Estate, Normanton	Appointment Date	14/03/2016
Post Code	WF6 1GY
Title	Mr	Function	Director
Name	Steven Dennis Gardener	Nationality	British
Date of Birth	06/1964	Present Appointments	8
Latest Address	Stirling Square 5-7 Carlton Gardens, London	Appointment Date	26/10/2015
Post Code	SW1Y 5AD

Title	Mr	Function	Director
Name	Peter William James	Nationality	British
Date of Birth	12/1983	Present Appointments	6
Latest Address	Poundworld House Premier Way North, Normanton Industrial Estate, Normanton	Appointment Date	18/12/2017
Post Code	WF6 1GY

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Elizabeth McDonald	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Poundworld House Premier Way North, Normanton Industrial Estate, Normanton	Appointment Date	10/02/2016
Post Code	WF6 1GY

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
POUNDWORLD RETAIL HOLDINGS LIMITED	GBP	80,000	ORDINARY	1	100
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	£488,846,000	5.7%	£462,689,000	9.6%	£422,304,000	22.3%	£345,259,000	17.5%	£293,787,000
	Export	£2,419,000	-34.8%	£3,711,000	-48%	£7,135,000	197.5%	£2,398,000	-	-
	Cost of Sales	£307,571,000	7.1%	£287,078,000	10.1%	£260,689,000	20.1%	£217,146,000	19.2%	£182,240,000
	Gross Profit	£181,275,000	3.2%	£175,611,000	8.7%	£161,615,000	26.2%	£128,113,000	14.9%	£111,547,000
	Wages & Salaries	£79,316,000	7.7%	£73,645,000	16.9%	£62,989,000	26.9%	£49,624,000	12.9%	£43,961,000
	Directors Emoluments	-	-100%	£516,000	-48.2%	£996,000	999.9%	£65,000	14%	£57,000
	Operating Profit	-£15,899,000	-271.7%	-£4,277,000	-118.8%	£22,778,000	289.3%	£5,851,000	112.7%	£2,751,000
	Depreciation	£10,189,000	98%	£5,146,000	-11.9%	£5,840,000	7.7%	£5,421,000	0.8%	£5,380,000
	Audit Fees	£200,000	124.7%	£89,000	23.6%	£72,000	-29.4%	£102,000	59.4%	£64,000
	Interest Payments	£1,228,000	5.7%	£1,162,000	27%	£915,000	7.8%	£849,000	-1.4%	£861,000
	Pre Tax Profit	-£17,122,000	-216.8%	-£5,405,000	-124.7%	£21,878,000	337.4%	£5,002,000	164.4%	£1,892,000
	Taxation	£1,581,000	423.5%	£302,000	109.2%	-£3,286,000	-82.9%	-£1,797,000	-130.7%	-£779,000
	Profit After Tax	-£15,541,000	-204.5%	-£5,103,000	-127.4%	£18,592,000	480.1%	£3,205,000	188%	£1,113,000
	Dividends Payable	-	-	-	-100%	£535,000	128.6%	£234,000	-16.1%	£279,000
	Retained Profit	-£15,541,000	-204.5%	-£5,103,000	-128.3%	£18,057,000	507.8%	£2,971,000	256.2%	£834,000

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£35,667,000	32.9%	£26,845,000	7.8%	£24,894,000	-7.2%	£26,822,000	8.1%	£24,822,000
	Intangible Assets	£5,731,000	205.8%	£1,874,000	116.9%	£864,000	-	0	-	0
	Total Fixed Assets	£41,398,000	44.1%	£28,719,000	11.5%	£25,758,000	-4%	£26,822,000	8.1%	£24,822,000
	Stock	£57,928,000	-2.2%	£59,255,000	9.3%	£54,215,000	27.6%	£42,501,000	17.5%	£36,178,000
	Trade Debtors	£3,192,000	-25.1%	£4,262,000	-10.2%	£4,744,000	26.5%	£3,751,000	173.2%	£1,373,000
	Cash	£593,000	-90.2%	£6,049,000	7.2%	£5,644,000	13.1%	£4,989,000	194.2%	£1,696,000
	Other Debtors	£9,553,000	29.7%	£7,366,000	-51.4%	£15,159,000	143.8%	£6,219,000	-22.2%	£7,990,000
	Miscellaneous Current Assets	£5,196,000	-37.5%	£8,315,000	500.8%	£1,384,000	-	0	-	0
	Total Current Assets	£76,462,000	-10.3%	£85,247,000	5.1%	£81,146,000	41.2%	£57,460,000	21.6%	£47,237,000
	Trade Creditors	£46,563,000	32.2%	£35,211,000	0.6%	£35,013,000	15.1%	£30,417,000	1.2%	£30,048,000
	Bank Loans & Overdrafts	£12,667,000	-	0	-100%	£9,680,000	-28.3%	£13,499,000	147.3%	£5,458,000
	Other Short Term Finance	£14,674,000	2.4%	£14,332,000	765.5%	£1,656,000	27%	£1,304,000	-13.9%	£1,514,000
	Miscellaneous Current Liabilities	£14,578,000	4.4%	£13,967,000	-3.3%	£14,439,000	55.3%	£9,297,000	-22.8%	£12,046,000
	Total Current Liabilities	£88,482,000	39.3%	£63,510,000	4.5%	£60,788,000	11.5%	£54,517,000	11.1%	£49,066,000
	Bank Loans & Overdrafts and LTL	£48,764,000	17.4%	£41,534,000	-2.5%	£42,592,000	34.1%	£31,766,000	59.4%	£19,924,000
	Other Long Term Finance	£747,000	223.4%	£231,000	-68.4%	£731,000	29.2%	£566,000	-	0
	Total Long Term Liabilities	£36,097,000	-13.1%	£41,534,000	26.2%	£32,912,000	80.2%	£18,267,000	26.3%	£14,466,000

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£80,000	-	£80,000	-	£80,000	-	£80,000	-	£80,000
	P & L Account Reserve	-£7,830,000	-201.5%	£7,711,000	-41.2%	£13,124,000	14.9%	£11,418,000	35.2%	£8,447,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£1,031,000	-8.8%	£1,131,000	-	-	-	-	-	-
	Shareholder Funds	-£6,719,000	-175.3%	£8,922,000	-32.4%	£13,204,000	14.8%	£11,498,000	34.8%	£8,527,000

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	-£12,450,000	-276.6%	£7,048,000	-42.9%	£12,340,000	7.3%	£11,498,000	34.8%	£8,527,000
	Working Capital	-£12,020,000	-155.3%	£21,737,000	6.8%	£20,358,000	591.7%	£2,943,000	260.9%	-£1,829,000
	Total Assets	£117,860,000	3.4%	£113,966,000	6.6%	£106,904,000	26.8%	£84,282,000	17%	£72,059,000
	Total Liabilities	£124,579,000	18.6%	£105,044,000	12.1%	£93,700,000	28.7%	£72,784,000	14.6%	£63,532,000
	Net Assets	-£6,719,000	-175.3%	£8,922,000	-32.4%	£13,204,000	14.8%	£11,498,000	34.8%	£8,527,000

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	-	-	-	-	£17,576,000	999.9%	-£694,000	-106.2%	£11,276,000
	Net Cashflow before Financing	-	-	-	-100%	£5,755,000	163.5%	-£9,067,000	-435.2%	£2,705,000
	Net Cashflow from Financing	-	-	-	-	-£913,000	-110.2%	£8,984,000	999.9%	-£591,000
	Increase in Cash	-	-	-	-	£4,842,000	999.9%	-£83,000	-103.9%	£2,114,000

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	YES	-	YES	-	YES	-	NO	-	NO
	Capital Employed	£29,378,000	-41.8%	£50,456,000	9.4%	£46,116,000	54.9%	£29,765,000	29.5%	£22,993,000
	Number of Employees	5988	-5.5%	6337	13.4%	5590	24.9%	4475	3.9%	4305
	Accountants
	Auditors	PRICEWATERHOUSECOOPERS LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	SANTANDER UK PLC
	Bank Branch Code	09-04-05

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	-3.50	-1.17	5.18	1.45	0.64
	Current ratio	0.86	1.34	1.33	1.05	0.96
	Sales/Net Working Capital	-40.67	21.29	20.74	117.32	-160.63
	Gearing %	-725.80	465.50	322.60	276.30	233.70
	Equity in %	-6	8	12.50	13.60	11.80
	Creditor Days	34.67	27.70	30.17	32.06	37.22
	Debtor Days	2.37	3.35	4.08	3.95	1.70
	Liquidity/Acid Test	0.20	0.40	0.44	0.27	0.22
	Return On Capital Employed %	-58.28	-10.71	47.44	16.80	8.22
	Return On Total Assets Employed %	-14.52	-4.74	20.46	5.93	2.62
	Current Debt Ratio	-13.16	7.11	4.60	4.74	5.75
	Total Debt Ratio	-18.54	11.77	7.09	6.33	7.45
	Stock Turnover Ratio %	11.84	12.80	12.83	12.30	12.31
	Return on Net Assets Employed %	254.82	-60.58	165.69	43.50	22.18

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/01/2018	Payment Data Update Received
08/01/2018	New Accounts Filed
08/01/2018	New Accounts Filed
20/12/2017	Mr G.A. Gray has left the board
20/12/2017	New Board Member Mr P.W. James appointed
04/12/2017	Mr P.W. James has left the board
04/12/2017	New Board Member Mr A. Capo appointed
17/07/2017	Confirmation Statement
18/01/2017	Change in Reg.Office
18/01/2017	Change of Company Postcode
14/01/2017	Payment Data Update Received
10/01/2017	Payment Data Update Received
10/01/2017	New Accounts Filed
10/01/2017	New Accounts Filed
02/12/2016	Payment Data Update Received

Previous Company Names

Date	Previous Name
19/05/2004	IN THE PINK LIMITED

Writ Details

No writs found

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	POUNDWORLD RETAIL HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	POUNDWORLD RETAIL HOLDINGS LIMITED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
POUNDWORLD RETAIL HOLDIN...	09286827	31.03.2017	N
POUNDWORLD RETAIL LIMITED	02215564	31.03.2017	N	£488,846,000
ITP INTERNATIONAL (HOL...	07701919	31.07.2017	N
ITP INTERNATIONAL (U...	07701913	31.07.2017	N
POUNDWORLD LIMITED	09331143	31.03.2017	N
POUNDWORLD LOGISTICS L...	09736867	31.08.2017	N

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
24/03/2016	BOLTON	£455	Judgment	B32YP319	-
28/10/2015	COUNTY COURT BUSINESS CENTRE	£439	Judgment	B8QZ1A1P	-
08/03/2014	COUNTY COURT MONEY CLAIMS CENTRE	£4,325	Satisfied	3YS56095	24/04/2014

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

There are no possible CCJ details

Mortgage Details

Mortgage Type:
Date Charge Created:	12/02/18
Date Charge Registered:	15/02/18
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TITAN (ATLAS) HOLDINGS, LP;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	28/07/17
Date Charge Registered:	08/08/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	SANTANDER UK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created:	29/10/15
Date Charge Registered:	04/11/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	SANTANDER UK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	21/03/14
Date Charge Registered:	03/04/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	SANTANDER UK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created:	29/10/13
Date Charge Registered:	29/10/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CLOSE LEASING LIMITED;
Amount Secured:
Details:	N/ACONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:
Date Charge Created:	29/10/13
Date Charge Registered:	29/10/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CLOSE LEASING LIMITED;
Amount Secured:
Details:	N/ACONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:
Date Charge Created:	31/05/13
Date Charge Registered:	31/05/13
Date Charge Satisfied:	20/02/15
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	08/08/11
Date Charge Registered:	05/09/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	11/12/01
Date Charge Registered:	05/09/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND;
Amount Secured:
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:	RENT DEPOSIT DEED - "LEGAL CHARGE"
Date Charge Created:	14/09/98
Date Charge Registered:	05/09/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	FOOTWEAR CORPORATION LIMITED;
Amount Secured:
Details:	THE TENANT'S INTEREST IN AN AMOUNT OF 1MONTHS RENT (BEING £6,500) UNDER THE AGREEMENT AND THE AMOUNT STANDING TO THE CREDIT OF THE DEPOSIT ACCOUNT

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	01/08/94
Date Charge Registered:	12/08/94
Date Charge Satisfied:	13/04/10
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:	DEBENTURE
Date Charge Created:	04/04/91
Date Charge Registered:	16/04/91
Date Charge Satisfied:	08/04/95
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(INCLUDING TRADE FIXTURES) 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:	MORTGAGE DEBENTURE
Date Charge Created:	18/01/89
Date Charge Registered:	31/01/89
Date Charge Satisfied:	15/05/93
Status:	SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS P.L.C.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A FIXED 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.(SEE FORM 395 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	£10,392
Company Name		Amount	Statement Date
Direct 2 Retail (UK) Limited		£10,392	07/01/2015

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Christopher Edwards	3	8	10
Patricia Ann Watson	0	1	0
Laurence Edwards	2	5	6
Laurence Edwards	2	5	6
Dirk Gustaf Eller	5	7	0
Gerard Albert Gray	1	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	Poundworld Retail Holdings Limited	Kind	Corporate Entity With Significant Control
Address	Axis 62 Foxbridge Way, Normanton Industrial Estate, Normanton, West Yorkshire	Notified On	06/04/2016
Post Code	WF6 1TN	Legal Form	Private Company Limited By Shares
Authority	Companies Act 2006	Place Registered	Companies House
Country Registered	England	Registration Number	09286827
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 65.10
UK Pound	1	INR 90.44
Euro	1	INR 79.59
GBP	1	INR 89.71

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

INFORMATION DETAILS

Analysis Done by :	VAR
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.