MIRA INFORM REPORT

Report No. :	498267
Report Date :	20.03.2018

IDENTIFICATION DETAILS

Name :	JOHN DOBSON (MILNTHORPE) LIMITED
Registered Office :	Bela Mill Milnthorpe Cumbria LA7 7QP
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	15.05.1925
Com. Reg. No.:	00205983
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture of other plastic products.
No. of Employees :	Not Available

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 (30.09.2017)	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

JOHN DOBSON (MILNTHORPE) LIMITED

BELA MILL MILNTHORPE CUMBRIA LA7 7QP

Company No.

00205983

Company Status

Active - Accounts Filed

Company Summary

Registered Address BELA MILL
MILNTHORPE
CUMBRIA
LA7 7QP

Trading Address Bela Mill
Milnthorpe
Cumbria
LA7 7QP

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

Telephone Number 01539563528

Fax Number

TPS No

FPS Yes

Incorporation Date 15/05/1925

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 22/09/2017

Currency GBP

Share Capital £4,503

SIC07 22290

Charity Number -

SIC07 Description MANUFACTURE OF OTHER PLASTIC PRODUCTS

Principal Activity Manufacture of other plastic products.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 4

Trade Debtors -

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - £197,968 -

31/12/2015 - - £204,307 -

31/12/2014 - - £283,008 -

Mortgage Summary

Total Mortgage 4

Outstanding 0

Satisfied 4

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £561

Commentary

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.

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	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	6	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Jeremy Paul Dickinson	Nationality	British
Date of Birth	09/1971	Present Appointments	1
Latest Address	Bela Mill, Milnthorpe, Cumbria	Appointment Date	30/08/2007
Post Code	LA7 7QP
Title	Mr	Function	Director
Name	Andrew Gerard Dickinson	Nationality	British
Date of Birth	04/1970	Present Appointments	2
Latest Address	Bela Mill, Milnthorpe, Cumbria	Appointment Date	30/08/2007
Post Code	LA7 7QP

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Andrew Gerard Dickinson	Nationality	British
Date of Birth	04/1970	Present Appointments	2
Latest Address	Bela Mill, Milnthorpe, Cumbria	Appointment Date	11/04/2008
Post Code	LA7 7QP

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MRS JEAN MARY GEE	GBP	1,125	ORDINARY	1	24.98
ANDREW GERARD DICKINSON	GBP	1,125	ORDINARY	1	24.98
JEREMY PAUL DICKINSON	GBP	1,125	ORDINARY	1	24.98
MRS SHEILA BROWN	GBP	1,125	ORDINARY	1	24.98
MRS SHEILA BROWN	GBP	1	ORDINARY C	1	0.02
JEREMY PAUL DICKINSON	GBP	1	ORDINARY B	1	0.02
ANDREW GERARD DICKINSON	GBP	1	ORDINARY A	1	0.02

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
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£8,921	78.4%	£5,001	21.8%	£4,105	-19.6%	£5,103	89.8%	£2,688
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	£47,992	-15.7%	£56,913	58.5%	£35,914	-10.3%	£40,019	-11.3%	£45,122
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£47,992	-15.7%	£56,913	58.5%	£35,914	-10.3%	£40,019	-11.3%	£45,122
	Stock	£164,276	-1.9%	£167,525	-36.4%	£263,338	46.1%	£180,278	-10.9%	£202,299
	Trade Debtors	£127,686	-8.5%	£139,567	-10.6%	£156,061	29.6%	£120,388	18.8%	£101,372
	Cash	£46,734	1.2%	£46,199	44.5%	£31,970	5.2%	£30,382	23%	£24,702
	Other Debtors	£25,032	4.6%	£23,939	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£363,728	-3.6%	£377,230	-16.4%	£451,369	36.3%	£331,048	0.8%	£328,373
	Trade Creditors	£60,562	-32.6%	£89,818	-55.1%	£199,884	12.6%	£177,569	-3.9%	£184,776
	Bank Loans & Overdrafts	£92,819	8.1%	£85,850	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£40,362	28.1%	£31,502	-	0	-	0	-	0
	Total Current Liabilities	£193,743	-6.5%	£207,170	3.6%	£199,884	12.6%	£177,569	-3.9%	£184,776
	Bank Loans & Overdrafts and LTL	£112,828	4%	£108,516	999.9%	£4,391	-39.8%	£7,289	133.6%	£3,120
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£20,009	-11.7%	£22,666	416.2%	£4,391	-39.8%	£7,289	133.6%	£3,120

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£4,503	-	£4,503	-	£4,503	-	£4,503	-	£4,503
	P & L Account Reserve	£193,465	-3.2%	£199,804	-28.3%	£278,505	53.3%	£181,706	0.3%	£181,096
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£197,968	-3.1%	£204,307	-27.8%	£283,008	52%	£186,209	0.3%	£185,599

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£197,968	-3.1%	£204,307	-27.8%	£283,008	52%	£186,209	0.3%	£185,599
	Working Capital	£169,985	0%	£170,060	-32.4%	£251,485	63.9%	£153,479	6.9%	£143,597
	Total Assets	£411,720	-5.2%	£434,143	-10.9%	£487,283	31.3%	£371,067	-0.7%	£373,495
	Total Liabilities	£213,752	-7%	£229,836	12.5%	£204,275	10.5%	£184,858	-1.6%	£187,896
	Net Assets	£197,968	-3.1%	£204,307	-27.8%	£283,008	52%	£186,209	0.3%	£185,599

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£217,977	-4%	£226,973	-21%	£287,399	48.5%	£193,498	2.5%	£188,719
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code	20-45-28

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.88	1.82	2.26	1.86	1.78
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	57	53.10	1.60	3.90	1.70
	Equity in %	48.10	47.10	58.10	50.20	49.70
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1.02	1.01	0.94	0.84	0.68
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.97	1.01	0.70	0.95	0.99
	Total Debt Ratio	1.07	1.12	0.72	0.99	1.01
	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
26/09/2017	New Accounts Filed
26/09/2017	New Accounts Filed
09/08/2017	Confirmation Statement
06/06/2017	Payment Data Update Received
02/12/2016	Payment Data Update Received
11/11/2016	New Accounts Filed
05/10/2016	New Accounts Filed
05/10/2016	New Accounts Filed
25/08/2016	Payment Data Update Received
25/08/2016	Payment Data Update Received
23/08/2016	Annual Returns
22/04/2016	Payment Data Update Received
05/10/2015	New Accounts Filed
14/08/2015	Annual Returns
02/10/2014	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	09/09/14
Date Charge Registered:	10/09/14
Date Charge Satisfied:	23/11/15
Status:	SATISFIED
Person(s) Entitled:	POSITIVE CASHFLOW FINANCE LIMITED;
Amount Secured:
Details:	THE CHARGOR WITH FULL TITLE GUARANTEE AS A CONTINUING SECURITY FOR THE PAYMENT AND DISCHARGE OF THE SECURED LIABILITIESHEREBY CHARGES TO POSITIVE CASHFLOW FINANCE LIMITED BY WAY OF LEGAL MORTGAGE THE PROPERTY (AND THE PROCEEDS OF SALE OF THE PROPERTY) AND ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FROM TIME TO TIME IN AND ON THE PROPERTY AND THEBENEFIT OF ALL RIGHTS, EASEMENTS AND PRIVILEGES APPURTENANT TO OR BENEFITING THE PROPERTY. THE ‘PROPERTY’ IS ALL THAT PROPERTY SITUATE AND KNOWN AS BELA MILL, MILL LANE, MILNTHORPE, LA7 7QPCONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	09/09/14
Date Charge Registered:	09/09/14
Date Charge Satisfied:	23/11/15
Status:	SATISFIED
Person(s) Entitled:	POSITIVE CASHFLOW FINANCE LIMITED;
Amount Secured:
Details:	I. ALL PRESENT AND FUTURE FREEHOLD AND LEASEHOLD PROPERTY (INCLUDING, WITHOUT LIMITATION, THE PROPERTY SPECIFIED IN THESCHEDULE) AND ALL LIENS, CHARGES, OPTIONS, AGREEMENTS, RIGHTS AND INTERESTS IN OR OVER LAND OR THE PROCEEDS OF SALE OF LAND AND ALL BUILDINGS, FIXTURES (INCLUDING TRADE FIXTURES) AND FIXED PLANT AND MACHINERY FOR THE TIME BEING ON SUCH PROPERTY OR LAND TOGETHER WITH ALL RIGHTS, EASEMENTS AND PRIVILEGES APPURTENANT TO,OR BENEFITING, THE SAME;II. ALL PATENTS, PATENT APPLICATIONS, TRADE MARKS AND SERVICE MARKS (WHETHER REGISTERED OR NOT), TRADE MARK APPLICATIONS, SERVICE MARKAPPLICATIONS TRADE NAMES, REGISTERED DESIGNS, DESIGN RIGHTS, COPYRIGHTS, COMPUTER PROGRAMMES, KNOW-HOW AND TRADE SECRETS AND ALL OTHER INDUSTRIAL OR INTANGIBLEPROPERTY OR RIGHTS AND ALL LICENCES, AGREEMENTS AND ANCILLARY AND CONNECTED RIGHTS RELATING TO, INTELLECTUAL AND INTANGIBLE PROPERTY.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:	FIXED & FLOATING CHARGE
Date Charge Created:	28/03/08
Date Charge Registered:	09/04/08
Date Charge Satisfied:	23/11/15
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/03/76
Date Charge Registered:	25/03/76
Date Charge Satisfied:	23/11/15
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK LTD;
Amount Secured:
Details:	BELA MILLS MIENTHORPE CUMBRIA

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	£561
Company Name	Amount	Statement Date
Wacs Trade Centre Limited	£561	26/01/2010

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Gerald Edward Dickinson	0		2	1
Gerald Edward Dickinson	0		2	1
Winifred Mary Cattermole	0		1	0
Jean Mary Gee	0		1	0
Sheila Brown	0		1	0
Jean Mary Gee	0		1	0
Total Persons With Significant Control		2	Total Statements		0
Active		2	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Andrew Gerard Dickinson	Kind	Individual Person With Significant Control
Address	Bella Mill Milnthorpe, Cumbria, Lancashire	Country Of Residence	England
Post Code	LA7 7QP	Nationality	British
Date of Birth	04/1970	Notified On	06/04/2016
Nature Of Control	Has significant influence or control
Name	Mr Jeremy Paul Dickinson	Kind	Individual Person With Significant Control
Address	Bela Mill Milnthorpe, Cumbria, Lancashire	Country Of Residence	England
Post Code	LA7 7QP	Nationality	British
Date of Birth	09/1971	Notified On	06/04/2016
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 90.56
Euro	1	INR 79.78
GBP	1	INR 91.64

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

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.