MIRA INFORM REPORT

Report No. :	501160
Report Date :	31.03.2018

IDENTIFICATION DETAILS

Name :	WILLIAM COULTHARD AND COMPANY LIMITED

Formerly Known As :	SANDCO 1151 LIMITED

Registered Office :	80 Victoria Road Darlington County Durham Dl1 5jg

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	19.04.2010

Com. Reg. No.:	07227095

Legal Form :	Private limited with Share Capital

Line of Business :	It designs & manufactures lubricating systems. It offers standard & bespoke pumps as well as zinc and aluminium pressure die castings.

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

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

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 : WILLIAM COULTHARD AND COMPANY LIMITED

Company No : 07227095

Company Status : Active - Accounts Filed

Registered Address : 80 VICTORIA ROADDARLINGTONCOUNTY DURHAMDL1 5JG

Company Summary

Registered Address 80 VICTORIA ROAD
DARLINGTON
COUNTY DURHAM
DL1 5JG

Trading Address 80 Victoria Road
Darlington
County Durham
DL1 5JG

Website Address http://www.wmcoulthard.com

Telephone Number 01228672175

Fax Number

TPS Yes

FPS Yes

Incorporation Date 19/04/2010

Previous Name SANDCO 1151 LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 23/08/2010

Filing Date of Accounts 30/03/2017

Currency GBP

Share Capital £1

SIC07

Charity Number -

SIC07 Description

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company CALMOR LIMITED

Accountant CHRISTIE PROUD THOMPSON

Mortgages 3

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - £1,222,037 -

31/12/2015 - - £826,553 -

31/12/2014 - - -£121,194 -

Mortgage Summary

Total Mortgage 3

Outstanding 3

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a 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 -	-

Current Directors

Title	Mr	Function	Director
Name	Julian Nicholas Coulthard	Nationality	British
Date of Birth	05/1959	Present Appointments	2
Latest Address	Unit 2a Poplar Court, Atley Way Nelson Park Industrial Estate, Cramlington, Northumberland	Appointment Date	18/06/2010
Post Code	NE23 1WR
Title	Mr	Function	Director
Name	Eric Dodd	Nationality	British
Date of Birth	02/1947	Present Appointments	3
Latest Address	Unit 2a Poplar Court, Atley Way Nelson Park Industrial Estate, Cramlington, Northumberland	Appointment Date	18/06/2010
Post Code	NE23 1WR

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
WARD HADAWAY INCORPORATIONS LIMITED	GBP	1	ORDINARY	1	100

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	£10,701	-58.7%	£25,936	-68.7%	£82,993	-7.6%	£89,818	7.2%	£83,809
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	£956,524	999.9%	£18,272	-56.3%	£41,830	-64.7%	£118,512	-35.3%	£183,110
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£956,524	999.9%	£18,272	-56.3%	£41,830	-64.7%	£118,512	-35.3%	£183,110
Stock	£16,450	-69.7%	£54,375	-80.2%	£274,617	37.5%	£199,706	65.3%	£120,778
Trade Debtors	£654,665	-30%	£934,945	-18.9%	£1,153,014	50.7%	£764,901	185.3%	£268,118
Cash	£258,885	-5.8%	£274,715	999.9%	£40	-81.7%	£219	-	0
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£930,000	-26.4%	£1,264,035	-11.5%	£1,427,671	48%	£964,826	148.1%	£388,896
Trade Creditors	£664,487	45.8%	£455,754	29.8%	£351,170	-24.2%	£463,145	41.1%	£328,285
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	£664,487	45.8%	£455,754	29.8%	£351,170	-24.2%	£463,145	41.1%	£328,285
Bank Loans & Overdrafts and LTL	0	-	0	-100%	£1,239,525	80.3%	£687,542	118.1%	£315,234
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-100%	£1,239,525	80.3%	£687,542	118.1%	£315,234

Capital & Reserves

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	£1
P & L Account Reserve	£1,222,036	47.8%	£826,552	782%	-£121,195	-79.9%	-£67,350	5.8%	-£71,514
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£1,222,037	47.8%	£826,553	782%	-£121,194	-79.9%	-£67,349	5.8%	-£71,513

Other Financial Items

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Worth	£1,222,037	47.8%	£826,553	782%	-£121,194	-79.9%	-£67,349	5.8%	-£71,513
Working Capital	£265,513	-67.2%	£808,281	-24.9%	£1,076,501	114.6%	£501,681	727.7%	£60,611
Total Assets	£1,886,524	47.1%	£1,282,307	-12.7%	£1,469,501	35.6%	£1,083,338	89.4%	£572,006
Total Liabilities	£664,487	45.8%	£455,754	-71.3%	£1,590,695	38.2%	£1,150,687	78.8%	£643,519
Net Assets	£1,222,037	47.8%	£826,553	782%	-£121,194	-79.9%	-£67,349	5.8%	-£71,513

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	£1,222,037	47.8%	£826,553	-26.1%	£1,118,331	80.3%	£620,193	154.5%	£243,721
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants	CHRISTIE PROUD THOMPSON
Auditors
Auditor Comments	The company is exempt from audit
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	1.40	2.77	4.07	2.08	1.18
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	-1022.80	-1020.90	-440.80
Equity in %	64.80	64.50	-8.20	-6.20	-12.50
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.37	2.65	3.28	1.65	0.81
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.54	0.55	-2.89	-6.87	-4.59
Total Debt Ratio	0.54	0.55	-13.12	-17.08	-8.99
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
28/11/2017	Confirmation Statement
25/04/2017	Confirmation Statement
03/04/2017	New Accounts Filed
04/10/2016	New Accounts Filed
24/05/2016	Payment Data Update Received
10/05/2016	Annual Returns
15/09/2015	New Accounts Filed
20/05/2015	Annual Returns
01/10/2014	New Accounts Filed
02/05/2014	Annual Returns
29/10/2013	Change in Reg.Office
29/10/2013	Change of Company Postcode
04/10/2013	New Accounts Filed
29/04/2013	Annual Returns
14/11/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
23/08/2010	SANDCO 1151 LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	CALMOR LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	CALMOR LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
CALMOR LIMITED	06795603	31.12.2016	N
WILLIAM COULTHARD AND...	07227095	31.12.2016	N

Mortgage Details

Mortgage Type:
Date Charge Created:	12/02/16
Date Charge Registered:	26/02/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TEES VALLEY CATALYST FUND L.P. ACTING BY WAY OF ITS GENERAL PARTNER TVUPB LIMITED, ACTING BY FW;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	16/02/16
Date Charge Registered:	22/02/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.

Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	07/09/10
Date Charge Registered:	17/09/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER
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

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Colin Thompson Hewitt	10		125	132
WARD HADAWAY INCORPORATIONS LIMITED	0		1	0
SISEC LIMITED	0		1	0
WARD HADAWAY COMPANY SECRETARIAL SERVICES LIMITED	5		115	128
Total Persons With Significant Control	1	Total Statements			0
Active	1	Active			0
Ceased	0	Ceased			0

Active Persons With Significant Control

Name	Calmor Limited	Kind	Corporate Entity With Significant Control
Address	80 Victoria Road, Darlington, County Durham	Notified On	06/04/2016
Post Code	DL1 5JG	Legal Form	Private Limited Company By Guarantee With Share
Authority	Companies Act 2006	Place Registered	England
Country Registered	England And Wales	Registration Number	06795603
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
Average Invoice Value	£0
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	1	0	0	0	0
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 :	PRA

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.