|
|
|
MIRA INFORM REPORT
|
Report No. : |
506491 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRAEME ELLISDON LIMITED |
|
|
|
|
Registered Office : |
Riverside House, 14 Prospect Place Welwyn, Hertfordshire, Al6 9EN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2016 |
|
|
|
|
Date of Incorporation : |
15.05.1995 |
|
|
|
|
Com. Reg. No.: |
03056677 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture
nonwovens and goods, not apparel and retail of footwear and leather goods. |
|
|
|
|
No. of Employees : |
125 [30.09.2016] |
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 : |
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 identification
|
GRAEME ELLISDON LIMITED |
Telephone |
020 7851 9960 |
|
Riverside House, 14 Prospect Place Welwyn, Hertfordshire Al6 9EN United Kingdom |
Fax Website |
- www.ospreylondon.com |
Comments
The company has more
cash than short term bank borrowings. This company trades in an industry with a
lower level of corporate failures.
This company has
made late payments on a high percentage of invoices.
This company has
been treated as a Medium company in respect of the rating/limit generated. This
company’s ratio of total liabilities to total assets indicates the presence of
moderate equity funding. This company’s return on total assets employed ratio
indicates a relatively efficient use of assets.
Basic
information
Legal form
Private limited with Share Capital
Foundation
15/05/1995
Company No.
03056677
Shareholders
|
Name |
Currency |
Number of Shares |
Share Type |
Nominal Value |
|
ELLISDON HOLDINGS LIMITED |
GBP |
20,002 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 20,002 |
Management
|
Directors |
|
|
|
|
|
Name |
Address: |
Date of Birth |
Nationality |
Appointment Date |
|
Mr Graeme James Ellisdon |
The Barnhouse Three
Houses Lane, Codicote, Hitchin, Hertfordshire SG4 8TA |
07/07/1955 |
British |
15/05/1995 |
|
Mrs Alexandra Rachel Terasa Ellisdon |
The Barnhouse Three
Houses Lane, Codicote, Hitchin, Hertfordshire SG4 8TA |
08/02/1965 |
British |
03/11/2007 |
|
Company
Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Graeme James Ellisdon |
The Barnhouse Three Houses Lane, Codicote, Hitchin,
Hertfordshire SG4 8TA |
10/01/1998 |
Other Known
Addresses
11 St Christophers Pl, Ospreylondon.com, London W1U 1NG
5 Dudley Street, Luton, Bedfordshire LU2 0NP
7-9 High Street, Welwyn, Hertfordshire AL6 9EE
Battlers Green Farm, Common Lane, Radlett, Hertfordshire WD7 8PH
Riverside House, 14 Prospect Place, Welwyn, Hertfordshire AL6 9EN
Stewarton Road, Glasgow, Lanarkshire G77 6NP
Unit 30 Mcarthurglen Swindon Design, Outlet, Kemble Drive, Swindon, Wiltshire SN2 2DY
Unit 3b, Gunwharf Quay Gunwharf Quays Shoppi, Centre, Portsmouth, Hampshire PO1 3TN
Unit 63 Mcarthurglen Bridgend Desig, The Derwen, Derwen, Bridgend, Mid Glamorgan CF32 9SU
Unit 75 Ashford Designer Outlet, Kimberley Way, Ashford, Kent TN24 0SD
Unit 93 Clarks Village, Farm Road, Street, Somerset BA16 0BB
Woodcock Hill, St Albans, Hertfordshire AL4 9HJ
Company Relationships
|
Company No. |
Name |
Status |
Country |
|
Ultimate parent |
|||
|
09741016 |
ELLISDON HOLDINGS LIMITED |
Non Trading |
United Kingdom |
Business Activities
|
Main activity |
|
|
Principal
Activity |
Manufacture nonwovens and goods, not apparel and
retail of footwear and leather goods. |
|
SIC03 |
Manufacture nonwovens & goods, not apparel |
|
SIC07 |
Manufacture of non-wovens and articles made from
non-wovens, except apparel |
Economic Data
Turnover and
Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2014 |
GBP 12,372,115 |
109 |
|
31/12/2015 |
GBP 12,257,417 |
112 |
|
30/09/2016 |
GBP 8,481,617 |
125 |
Auditor
Auditor name
RS WELWYN LTD
RS PARTNERSHIP LTD
Events
|
Company
History |
|
|
Date
|
Action
|
|
08/06/2013
|
Annual
Returns |
|
26/03/2014
|
New
Accounts Filed |
|
26/03/2014
|
New
Accounts Filed |
|
03/06/2014
|
Annual
Returns |
|
09/10/2014
|
New
Accounts Filed |
|
09/10/2014
|
New
Accounts Filed |
|
12/07/2015
|
Annual
Returns |
|
11/10/2015
|
New
Accounts Filed |
|
11/10/2015
|
New
Accounts Filed |
|
20/05/2016
|
Annual
Returns |
|
06/10/2016
|
New
Accounts Filed |
|
06/10/2016
|
New
Accounts Filed |
|
07/12/2016
|
Payment
Data Update Received |
|
10/01/2017
|
Payment
Data Update Received |
|
26/06/2017
|
Confirmation
Statement |
|
12/10/2017
|
New
Accounts Filed |
|
13/10/2017
|
Payment
Data Update Received |
|
23/03/2018
|
Confirmation
Statement |
|
Mortgages
|
|
|
|
Charge
created |
07/05/1996
|
|
|
Charge
registered |
10/05/1996
|
|
|
Status
|
OUTSTANDING
|
|
|
Entitled
person |
THE
ROYAL BANK OF SCOTLAND PLC |
|
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
Mortgage
detail |
FIXED
AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL FIXTURES AND
FITTINGS AND FIXED PLANT AND MACHINERY |
|
|
Charge
created |
07/03/1997
|
|
|
Charge
registered |
11/03/1997
|
|
|
Status
|
OUTSTANDING
|
|
|
Entitled
person |
THE
ROYAL BANK OF SCOTLAND PLC |
|
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
Mortgage
detail |
THE
BARNS SUTTONS FARM COPPERS GREEN STALBANS HERTFORDSHIRE T/N HD270436 AND THE
PRESENT AND FUTURE GOODWILL OF ANY BUSINESS BY WAY OF FIXED CHARGE THE
BENEFIT OF ALL COVENANTS AND RIGHTS CON- CERNING THE PROPERTY AND THE PLANT
MACHINERY FIXTURES AND FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS |
|
|
Charge
created |
09/06/1997
|
|
|
Charge
registered |
13/06/1997
|
|
|
Status
|
OUTSTANDING
|
|
|
Entitled
person |
THE
ROYAL BANK OF SCOTLAND PLC |
|
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
Mortgage
detail |
F/H
PROPERTY K/A THE STUDIO, CUTTS LANE, KIMPTON NORTH HERTFORD- SHIRE
HERTFORDSHIRE T/NO: HD337808 AND THE GOODWILL OF ANY BUSI- NESS BY WAY OF
FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY
AND THE PLANT MACHINERY FIXTURES AND FIT- TINGS FURNITURE EQUIPMENT
IMPLEMENTS AND UTENSILS |
|
|
Charge
created |
18/04/2001
|
|
|
Charge
registered |
24/04/2001
|
|
|
Status
|
OUTSTANDING
|
|
|
Entitled
person |
THE
ROYAL BANK OF SCOTLAND PLC |
|
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
Mortgage
detail |
PROPERTY
K/A 5 DUDLEY STREET LUTON BY WAY OF FIXED CHARGE THE BENE- FIT OF ALL
COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES
FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY
BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE
AFFECTING THE PROPERTY OR AS- SETS |
|
|
Charge
created |
02/03/2011
|
|
|
Charge
registered |
09/03/2011
|
|
|
Status |
OUTSTANDING |
|
|
Entitled person |
THE ROYAL BANK OF SCOTLAND PLC |
|
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO
THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
|
Mortgage detail |
1 DUDLEY STREET LUTON T/NO. BD259753 AND ANY OTHER
INTERESTS IN THE PROPERTY ALL RENTS AND PROCEEDS OF ANY INSURANCE |
|
County Court Judgments (CCJs)
There are no County
Court Judgments listed against this company
Accounts
Profit & Loss
|
|
30/09/2016 39 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/201 3 26 GBP Group: No |
|
Turnover |
8,481,617 |
12,257,417 |
12,372,115 |
8,026,073 |
|
Export |
0 |
0 |
2,955 |
12,964 |
|
Cost of Sales |
4,351,484 |
5,842,041 |
5,923,175 |
- |
|
Gross Profit |
4,130,133 |
6,415,376 |
6,448,940 |
- |
|
Wages And Salaries |
1,242,592 |
1,658,009 |
2,429,158 |
809,711 |
|
Directors Emoluments |
149,873 |
160,314 |
1,285,479 |
96,904 |
|
Operating Profit |
437,580 |
1,645,490 |
1,253,560 |
1,453,244 |
|
Depreciation |
23,804 |
297,502 |
257,145 |
78,088 |
|
Audit Fees |
11,000 |
11,000 |
10,000 |
10,000 |
|
Interests Payments |
25,121 |
23,566 |
23,412 |
6,364 |
|
Pre Tax Profit |
417,457 |
1,625,911 |
1,233,880 |
1,448,257 |
|
Taxation |
-114,253 |
-377,290 |
-302,693 |
-339,482 |
|
Profit After Tax |
303,204 |
1,248,621 |
931,187 |
1,108,775 |
|
Dividends Payable |
54,000 |
72,000 |
36,000 |
36,000 |
|
Retained Profit |
249,204 |
1,176,621 |
895,187 |
1,072,775 |
Balance Sheet
|
|
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/201 |
|
39 GBP |
52 GBP |
52 GBP |
326 GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Tangible Assets |
5,508,815 |
3,626,935 |
3,570,521 |
2,965,279 |
|
Intangible Assets |
14,132 |
15,399 |
17,089 |
18,778 |
|
Total Fixed
Assets |
5,522,947 |
3,642,334 |
3,587,610 |
2,984,057 |
|
Stock |
2,301,464 |
1,311,120 |
1,301,028 |
1,031,760 |
|
Trade Debtors |
919,520 |
717,259 |
348,919 |
716,102 |
|
Cash |
2,293,116 |
2,837,576 |
2,179,037 |
2,478,908 |
|
Other Debtors |
704,030 |
154,796 |
249,098 |
114,718 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current
Assets |
6,218,130 |
5,020,751 |
4,078,082 |
4,341,488 |
|
Trade Creditors |
2,316,235 |
1,037,846 |
881,366 |
1,293,624 |
|
Bank Loans and Overdraft |
172,718 |
70,154 |
70,154 |
311,097 |
|
Other Short Term Finance |
450 |
4,498 |
5,397 |
5,397 |
|
Miscellaneous Current Liabilities |
835,885 |
1,581,843 |
1,863,921 |
2,484,557 |
|
Total Current
Liabilities |
3,325,288 |
2,694,341 |
2,820,838 |
4,094,675 |
|
Bank Loans and Overdrafts LTL |
1,237,988 |
798,068 |
850,799 |
372,945 |
|
Other Long Term Finance |
0 |
0 |
4,498 |
9,895 |
|
Total Long Term
Liabilities |
1,065,270 |
727,914 |
780,645 |
61,848 |
Capital & Reserve
|
|
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/201 |
|
39 GBP |
52 GBP |
52 GBP |
326 GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Called Up Share Capital |
20,002 |
20,002 |
20,002 |
20,002 |
|
P and L Account Reserve |
5,197,665 |
4,948,461 |
3,771,840 |
2,876,653 |
|
Revaluation Reserve |
2,132,852 |
272,367 |
272,367 |
272,367 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders
Funds |
7,350,519 |
5,240,830 |
4,064,209 |
3,169,022 |
Other Financial items
|
|
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/201 |
|
39 GBP |
52 GBP |
52 GBP |
326 GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Net Worth |
7,336,387 |
5,225,431 |
4,047,120 |
3,150,244 |
|
Working Capital |
2,892,842 |
2,326,410 |
1,257,244 |
246,813 |
|
Total Assets |
11,741,077 |
8,663,085 |
7,665,692 |
7,325,545 |
|
|
39 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/201 3 26 GBP Group: No |
|
Total Liabilities |
4,390,558 |
3,422,255 |
3,601,483 |
4,156,523 |
|
Net Assets |
7,350,519 |
5,240,830 |
4,064,209 |
3,169,022 |
Cash Flow
|
|
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/201 |
|
39 GBP |
52 GBP |
52 GBP |
326 GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Net Cash Flow from Operations |
-314,446 |
1,448,810 |
593,929 |
3,510,495 |
|
Net Cash Flow before Financing |
-993,433 |
710,939 |
-790,974 |
3,024,966 |
|
Net Cash Flow from Financing |
448,973 |
-52,400 |
491,103 |
-1,038,665 |
|
Increase in Cash |
-544,460 |
658,539 |
-299,871 |
1,986,301 |
Miscellaneous
|
|
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/201 |
|
39 GBP |
52 GBP |
52 GBP |
326 GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Capital Employed |
8,415,789 |
5,968,744 |
4,844,854 |
3,230,870 |
Financial Ratios
|
Name |
30/09/2016 |
31/12/2015 |
31/12/2014 |
31/12/2013 |
|
Pre Tax Profit Margin |
4.92 % |
13.26 % |
9.97 % |
18.04 % |
|
Current Ration |
1.87 |
1.86 |
1.45 |
1.06 |
|
Sales or Net Working Capital |
2.93 |
5.27 |
9.84 |
32.52 |
|
Gearing |
16.84 % |
15.23 % |
20.93 % |
11.77 % |
|
Equity |
62.68 % |
60.60 % |
53.14 % |
43.37 % |
|
Creditor Days |
74.55 |
30.82 |
25.93 |
29.33 |
|
Debtor Days |
29.59 |
21.29 |
10.26 |
16.23 |
|
Liquidity or Acid test |
1.17 |
1.37 |
0.98 |
0.80 |
|
Return on Capital Employed |
4.96 % |
27.24 % |
25.46 % |
44.82 % |
|
Return on Total Assets Employed |
3.55 % |
18.76 % |
16.09 % |
19.76 % |
|
Current Debt Ratio |
0.45 % |
0.51 % |
0.69 % |
1.29 % |
|
Total Debt Ratio |
0.59 % |
0.65 % |
0.88 % |
1.31 % |
|
Stock Turnover Ratio |
27.13 % |
10.69 % |
10.51 % |
12.85 % |
|
Return on Net Assets Employed |
5.67 % |
31.02 % |
30.35 % |
45.70 % |
Remarks
The latest trading period shows a decline in turnover and profitability. The general financial position is in order and despite recent payments of dividend year on year good reserves have been built up. Remains to be seen how the company performed during
2016/17 trading period.
Next accounts due to be filled by 30/06/2018
Activity: Sale of leather bags & accessories for men and women
Trading Address: 27 Regent Street St James's London SW1Y 4NQ
Branches: Across UK
Employees: 125
Bank: Royal Bank of Scotland PLC
Please note: OSPREY and OSPREY LONDON refers to brands, products and services owned by Graeme Ellisdon Limited
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.87 |
|
Euro |
1 |
INR 80.09 |
|
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 : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.