MIRA INFORM REPORT

 

 

Report No. :

501073

Report Date :

31.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

NORTHMACE & HENDON LIMITED

 

 

Formerly Known As :

NORTHMACE HENDON LIMITED

 

NORTHMACE LIMITED

 

 

Registered Office :

47-57 Marylebone Lane  London W1u 2nt

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

27.06.1973

 

 

Com. Reg. No.:

01120166

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Non-specialised wholesale trade

·         Rental and sale of goods to the hotel and leisure industry.

 

 

No. of Employees :

7

 

 

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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                                    : NORTHMACE & HENDON LIMITED

Company No                                         : 01120166

Company Status                                   : Active - Accounts Filed

Registered Address                               : 47-57 MARYLEBONE LANELONDONW1U 2NT

 

 

Company Summary

 

Registered Address                              47-57 MARYLEBONE LANE
LONDON
W1U 2NT

 

Trading Address                                  47 Marylebone Lane
London
W1U 2NT

 

Website Address                                  http://www.northmace.com

 

Telephone Number                               02920815200

Fax Number

 

TPS                                                      No

FPS                                                      Yes

Incorporation Date                               27/06/1973

 

Previous Name                                     NORTHMACE HENDON LIMITED

Type                                                     Private limited with Share Capital

 

FTSE Index                                          -

Date of Change                                     22/03/2006

Filing Date of Accounts                        10/04/2017

Currency                                              GBP

Share Capital                                       £100,000

SIC07                                                   46900

Charity Number                                    -

SIC07 Description                                NON-SPECIALISED WHOLESALE TRADE

Principal Activity                                  Rental and sale of goods to the hotel and leisure industry.

 

 

Additional Information

 

CCJ's                                                   0 (£0)

 

No CCJ Information To Display

Ultimate Holding Company                  -

Accountant                                           -

Mortgages                                            5

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                    -                                   -                       £827,191                                   7

31/12/2015                    -                                   -                       £693,262                                   8

31/12/2014                    -                                   -                       £600,473                                   -

 

 

Mortgage Summary

 

Total Mortgage                         5

Outstanding                             0

Satisfied                                   5

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                             3

Total Value of Documented Trade                                £1,509

 

 

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.

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

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Rudolf Theodor Felix Plaut

Nationality

British

Date of Birth

02/1932

Present Appointments

2

Latest Address

Northmace House Viaduct Road, Cardiff

Appointment Date

11/01/1993

Post Code

CF15 9XF

Title

Mr

Function

Director

Name

Michael Hugo James Plaut

Nationality

British

Date of Birth

10/1961

Present Appointments

7

Latest Address

Northmace House Viaduct Road, Cardiff

Appointment Date

11/01/1993

Post Code

CF15 9XF

 

Title

Ms

Function

Director

Name

Tracey Boundford

Nationality

British

Date of Birth

06/1963

Present Appointments

1

Latest Address

Northmace House Viaduct Road, Cardiff

Appointment Date

27/07/2017

Post Code

CF15 9XF

 

 

Current Company Secretary

 

Title

Mr

Function

Company Secretary

Name

Michael Hugo James Plaut

Nationality

British

Date of Birth

10/1961

Present Appointments

14

Latest Address

Northmace House Viaduct Road, Cardiff

Appointment Date

11/01/1993

Post Code

CF15 9XF

 

 

Top Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

RUDOLF THEODOR FELIX PLAUT & MICHAEL HUGO JAMES PLAUT

GBP

70,000

ORDINARY

1

70

ALISON MARGARET SUSAN SHAW

GBP

15,000

ORDINARY

1

15

MICHAEL HUGO JAMES PLAUT

GBP

11,000

ORDINARY

1

11

JULIA LINDEN PLAUT

GBP

4,000

ORDINARY

1

4

 

 

Financial

 

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

£7,830

-18.8%

£9,639

-8.3%

£10,507

242.1%

£3,071

-7.9%

£3,334

Audit Fees

£4,500

5.9%

£4,250

-

-

-

-

-

-

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

£83,365

94.7%

£42,814

-14.9%

£50,303

926.8%

£4,899

-38.5%

£7,970

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£83,365

94.7%

£42,814

-14.9%

£50,303

926.8%

£4,899

-38.5%

£7,970

Stock

£767,590

18%

£650,342

31.6%

£494,159

-6.3%

£527,383

-6.6%

£564,504

Trade Debtors

£313,828

-15.2%

£370,228

13%

£327,609

4.9%

£312,240

13.7%

£274,592

Cash

£98,232

50.3%

£65,351

34.3%

£48,670

-58.8%

£118,193

15.5%

£102,366

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,179,650

8.6%

£1,085,921

24.8%

£870,438

-9.1%

£957,816

1.7%

£941,462

Trade Creditors

£399,264

-1%

£403,473

40%

£288,268

-34.5%

£440,408

-20.9%

£556,792

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

£399,264

-1%

£403,473

40%

£288,268

-34.5%

£440,408

-20.9%

£556,792

Bank Loans & Overdrafts and LTL

£36,560

14.3%

£32,000

-

£32,000

-13.5%

£37,000

100%

£18,500

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£36,560

14.3%

£32,000

-

£32,000

-13.5%

£37,000

100%

£18,500

.

Capital & Reserves

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Called Up Share Capital

£100,000

-

£100,000

-

£100,000

-

£100,000

-

£100,000

P & L Account Reserve

£727,191

22.6%

£593,262

18.5%

£500,473

29.9%

£385,307

40.6%

£274,140

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£827,191

19.3%

£693,262

15.5%

£600,473

23.7%

£485,307

29.7%

£374,140

 

Other Financial Items

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Net Worth

£827,191

19.3%

£693,262

15.5%

£600,473

23.7%

£485,307

29.7%

£374,140

Working Capital

£780,386

14.4%

£682,448

17.2%

£582,170

12.5%

£517,408

34.5%

£384,670

Total Assets

£1,263,015

11.9%

£1,128,735

22.6%

£920,741

-4.4%

£962,715

1.4%

£949,432

Total Liabilities

£435,824

0.1%

£435,473

36%

£320,268

-32.9%

£477,408

-17%

£575,292

Net Assets

£827,191

19.3%

£693,262

15.5%

£600,473

23.7%

£485,307

29.7%

£374,140

 

Cash Flow

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

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

£863,751

19.1%

£725,262

14.7%

£632,473

21.1%

£522,307

33%

£392,640

Number of Employees

7

-12.5%

8

-

-

-

-

-

-

Accountants

Auditors

LEAMAN MATTEI

Auditor Comments

The audit report contains no adverse comments

Bankers

Bank Branch Code

 

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

2.95

2.69

3.02

2.17

1.69

Sales/Net Working Capital

-

-

-

-

-

Gearing %

4.40

4.60

5.30

7.60

4.90

Equity in %

65.50

61.40

65.20

50.40

39.40

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.03

1.07

1.30

0.97

0.67

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.48

0.58

0.48

0.90

1.48

Total Debt Ratio

0.52

0.62

0.53

0.98

1.53

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

16/01/2018

Confirmation Statement

31/07/2017

New Board Member Ms T. Boundford appointed

24/04/2017

New Accounts Filed

24/04/2017

New Accounts Filed

21/01/2017

Payment Data Update Received

18/01/2017

Annual Returns

06/05/2016

New Accounts Filed

12/02/2016

Mr J.A. Hurst has left the board

15/01/2016

Annual Returns

21/07/2015

Payment Data Update Received

17/07/2015

Payment Data Update Received

07/07/2015

Payment Data Update Received

22/06/2015

New Accounts Filed

15/01/2015

Annual Returns

01/09/2014

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

22/03/2006

NORTHMACE HENDON LIMITED

18/12/2003

NORTHMACE LIMITED

 

Writ Details

No writs found

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

Group StructureFull

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

04/08/03

Date Charge Registered:

04/09/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

MICHAEL PLAUT,ALISON SHAW AND JULIA PLAUT AND MICHAEL AND RUDI PLAUT AND ALISON SHAW ASTRUSTEES;

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 MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

BLOCK DISCOUNTING AGREEMENT

Date Charge Created:

01/04/92

Date Charge Registered:

10/04/92

Date Charge Satisfied:

26/07/03

Status:

SATISFIED

Person(s) Entitled:

HITACHI CREDIT (U.K.) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIRST FLOATING CHARGE OVER ALL THE COMPANYS RIGHT TITLE AND INTEREST IN AND TO THE RECEIVABLES PURCHASED BY HITACHI CREDIT (U.K.) PLC UNDER A BLOCK DISCOUNTINGAGREEMENT NOT OTHERWISE ASSIGNED THEREUNDER SEE 395 126 C 13/4 FOR FULL DETAILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

07/09/87

Date Charge Registered:

17/09/87

Date Charge Satisfied:

21/03/91

Status:

SATISFIED

Person(s) Entitled:

UNITY TRUST PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

A) THE FULL & UNRESTRICTED BENEFIT OF ALL PRESENT & FXITURE AGREEMENTS ("THE DEPOSITED AGREEMENTS")B) ALL MONIES ("THE DEBTS") NOW OR HEREAFTER TO BECOME PAYABLE UNDER OR IN CONNECTION WITH THE DEPOSITED AGREEMENTS. C) THE COMPANY\S PRESENT & FIXTURE RIGHTS & INTEREST (IF ANY) HOWEVER ARISING INTHE GOODS & CHATTELS COMPRISED IN OR OTTHERWISE THE SUBJECTOF THE DEPOSITED AGREEMENTS. D) THE FULLBENEFIT OF ALL GUARANTEES ETC E) FULL BENEFIT OF ALL INSURANCES. (FOR FULL DETAILS PLEASE SEE FORM395 REF:M70 18SEP.

Mortgage Type:

FIXED CHARGE

Date Charge Created:

17/06/86

Date Charge Registered:

19/06/86

Date Charge Satisfied:

26/07/03

Status:

SATISFIED

Person(s) Entitled:

HITACHI CREDIT (UK) LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE

Details:

CREDIT AGREEMENTS DEPOSITED FROM TIME TO TIME WITH HITACHI CREDIT (UK) LIMITED AND ALL RIGHTS & BENEFITS IN THOSE AGREEMENTS AND THE GOODS COMPRISED IN THOSE AGREEMENTS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

22/07/88

Date Charge Registered:

04/08/88

Date Charge Satisfied:

24/01/96

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:

ST DAVIDS WORKS GWAELOD - Y -GARTH INDUSTRIAL ESTATE TAFFS WELL CARDIFF SOUTH-GLAMORGAN

 

 

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

3

£1,509

Company Name

Amount

Statement Date

J M B Supplies Limited

£992

22/03/2012

Regency Park Estates Limited

£327

06/02/2015

A W Electrical Factors Limited

£190

22/07/2011

 

 

Previous Director/Company Secretaries

 

Name

Current Active Appointments

Previous Appointments

Dissolved Companies

John Andrew Cameron Hurst

0

2

1

Christopher Frank Dunn

2

1

20

Norman Burden

0

4

7

Margaret Elizabeth Plaut

0

1

0

Cefyn Jones

0

3

0

Total Persons With Significant Control

3

Total Statements

0

Active

3

Active

0

Ceased

0

Ceased

0

 

Active Persons With Significant Control

Name

Mr Rudolf Theodor Felix Plaut

Kind

Individual Person With Significant Control

Address

Northmace House Viaduct Road, Cardiff

Country Of Residence

United Kingdom

Post Code

CF15 9XF

Nationality

British

Date of Birth

02/1932

Notified On

06/04/2016

Nature Of Control

Ownership of shares - between 50% and 75% as a trustee of a trust

Name

Mr Michael Hugo James Plaut

Kind

Individual Person With Significant Control

Address

Northmace House Viaduct Road, Cardiff

Country Of Residence

United Kingdom

Post Code

CF15 9XF

Nationality

British

Date of Birth

10/1961

Notified On

06/04/2016

Nature Of Control

Ownership of shares - between 50% and 75% as a trustee of a trust

 

Name

Dr Alison Margaret Susan Shaw

Kind

Individual Person With Significant Control

Address

Northmace House Viaduct House, Cardiff

Country Of Residence

United Kingdom

Post Code

CF15 9XF

Nationality

British

Date of Birth

09/1969

Notified On

06/04/2016

Nature Of Control

Ownership of shares - between 50% and 75% as a trustee of a trust

 

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

£257.40

Invoices available

123

Paid

123

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

41

32

18

3

29

Outstanding

0

0

0

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.04

UK Pound

1

INR 92.28

Euro

1

INR 80.62

GBP

1

INR 91.22

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DNS

 

 

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.