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MIRA INFORM REPORT
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Report No. : |
492178 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
WELLMAN BOOTH |
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Registered Office : |
Yeadon Leeds West Yorkshire Ls19 7lx |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.2001 |
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Legal Form : |
Non limited company |
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Line of Business : |
Manufacture of lifting and handling equipment |
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No. of Employees : |
20 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company
name and address
Company Name: WELLMAN
BOOTH
Registered Address: YEADON
LEEDS WEST YORKSHIRE LS19 7LX
Company
summery
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Company Name |
WELLMAN BOOTH |
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Trading Address |
2 KIRKFIELDS INDUSTRIAL CENTRE, KIRK LANE |
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Post Code |
LS19 7LX |
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Senior Executive |
MR STEPHEN PLANT |
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Position |
MANAGING DIRECTOR |
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Date At Address |
01/01/2001 |
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Telephone Number |
0113 387 9730 - View Details |
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TPS |
N |
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Premises Type |
Manufacturing |
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Number of Employees |
20 |
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Business Classification |
CRANE MANUFACTURERS |
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SIC03 |
29220 |
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SIC03 Description |
Manufacture of lifting and handling equipment |
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Fax Number |
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FPS |
N |
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Website Address |
http://www.wellmanbooth.co.uk |
CCJs
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Exact CCJ's |
0 |
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Possible CCJ's |
0 |
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Bankruptcies
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Exact Name & Address |
0 |
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Exact Address |
0 |
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Exact Name |
0 |
Commentary
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This company has been treated as a Non Limited company in respect
of the rating/limit generated. |
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This company trades in an industry with a moderate level of
corporate failures. |
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This company is based in a geographical area with a moderate
level of corporate failures. |
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This company operates from a type of property which has been
associated with a higher risk of corporate failure. |
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Directors last filed
addresses which have been matched to this company’s postcode - 13 Results found
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Company Name |
Address |
Postcode |
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Alan David Ingram |
Tower House Westfield Industrial Estate Kirk Lane, Yeadon |
LS19 7LX |
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Callum MacGregor |
Office 4, Kirkfields Business Centre, Kirk Lane Yeadon |
LS19 7LX |
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David Wheat |
Westfield Industrial Estate Kirk Lane Yeadon |
LS19 7LX |
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David Victor Wheat |
Westfield Industrial Estate Kirk Lane Yeadon |
LS19 7LX |
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Ian William Mountain |
Unit 1a Kirkfield Ind Centre Kirk Lane Yeadon |
LS19 7LX |
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Jayne-Anne Mountain |
Unit 1a Kirkfield Ind Centre Kirk Lane Yeadon |
LS19 7LX |
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Marie Lyons |
Kirkfields Business Centre Kirk Lane Yeadon |
LS19 7LX |
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Marie Lyons |
Kirkfields Business Centre Kirk Lane Yeadon |
LS19 7LX |
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Paul Hatton |
Suite 15 Kirkfield Commercial Centre Kirk Lane |
LS19 7LX |
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Paul Richard Schofield |
Tower House Westfield Industrial Estate Kirk Lane, Yeadon |
LS19 7LX |
Event History
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Date |
Description |
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04/01/2018 |
Contact /Exec details changed |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.10 |
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1 |
INR 94.44 |
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Euro |
1 |
INR 79.59 |
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GBP |
1 |
INR 89.69 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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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.