MIRA INFORM REPORT

 

 

Report No. :

511972

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MOXON HUDDERSFIELD LIMITED

 

 

Formerly Known As :

JOHN TAYLORS LIMITED

 

 

Registered Office :

Yew Tree Mills Holmbridge Holmfirth Hd9 2nn

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2017

 

 

Date of Incorporation :

25.02.1924

 

 

Com. Reg. No.:

00195960

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Subject is engaged in weaving of textiles

·         The manufacture and sale of worsted cloth for menswear.

 

 

No. of Employees :

30

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

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                                                : MOXON HUDDERSFIELD LIMITED

Company No                                                     : 00195960

Company Status                                               : Active - Accounts Filed

Registered Address                                           : YEW TREE MILLSHOLMBRIDGEHOLMFIRTHHD9 2NN

 

 

Company Summary

 

Registered Address                                          YEW TREE MILLS
HOLMBRIDGE
HOLMFIRTH
HD9 2NN

 

Trading Address                                              Yew Tree Mills
Holmbridge
Holmfirth
West Yorkshire
HD9 2NN

 

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

 

Telephone Number                                           01484691500

Fax Number

 

TPS                                                                  No

 

FPS                                                                  Yes

 

Incorporation Date                                           25/02/1924

 

Previous Name                                     JOHN TAYLORS LIMITED

 

Type                                                                 Private limited with Share Capital

 

FTSE Index                                                      –

 

Date of Change                                                 11/05/2006

 

Filing Date of Accounts                                    28/02/2018

 

Currency                                                          GBP

 

Share Capital                                                   £1,400,000

 

SIC07                                                               13200

 

Charity Number                                                –

 

SIC07 Description                                            WEAVING OF TEXTILES

 

Principal Activity                                              The manufacture and sale of worsted cloth for menswear.

 

 

Additional Information

 

CCJ's                                                                           0 (£0)

 

No CCJ Information To Display

Ultimate Holding Company                                          –

 

Accountant                                                                   KESHANI & CO

 

Mortgages                                                                    2

 

Group                                                                          0 companies

 

Linkages                                                                      0 companies

 

Countries                                                                     In 0 countries

 

 

Key Financials

 

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

30/04/2017                    -                       -                                   £2,495,238                                30

30/04/2016                    -                       -                                   £2,282,240                                -

30/04/2015                    -                       -                                   £2,190,578                                -

 

 

Mortgage Summary

 

Total Mortgage                                     2

Outstanding                                         2

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.

This company has only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a positive net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a lower 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 -

-

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Chaker Mohammad Chamsi Pasha

Nationality

British

Date of Birth

11/1955

Present Appointments

15

Latest Address

13 Whitcome Mews, Richmond, Surrey

Appointment Date

31/08/1995

Post Code

TW9 4BT

Title

Mr

Function

Director

Name

Robert William Mattock

Nationality

British

Date of Birth

10/1944

Present Appointments

2

Latest Address

33 Pear Tree Road, Clayton-Le-Woods, Chorley, Lancashire

Appointment Date

28/04/2005

Post Code

PR6 7JP

 

Title

Mr

Function

Director

Name

Firas Chamsi Pasha

Nationality

British

Date of Birth

01/1958

Present Appointments

8

Latest Address

1 Duncan House, 86 Portland Place, London

Appointment Date

31/08/1995

Post Code

W1B 1NU

 

 

Current Company Secretary

 

Title

Mr

Function

Company Secretary

Name

Chaker Mohammad Chamsi-Pasha

Nationality

Date of Birth

-

Present Appointments

1

Latest Address

Yew Tree Mills, Holmbridge, Holmfirth, West Yorkshire

Appointment Date

17/03/2016

Post Code

HD9 2NN

 

 

Top Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

FIRAS CHAMSI-PASHA

GBP

451,667

ORDINARY

1

32.26

CHAKER CHAMSI-PASHA

GBP

451,667

ORDINARY

1

32.26

SAMER CHAMSI-PASHA

GBP

451,666

ORDINARY

1

32.26

SAMER CHAMSI-PASHA

GBP

15,000

PREFERENCE

1

1.07

FIRAS CHAMSI-PASHA

GBP

15,000

PREFERENCE

1

1.07

CHAKER CHAMSI-PASHA

GBP

15,000

PREFERENCE

1

1.07

 

 

Financials

 

Profit & Loss

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

£5,381,002

Export

-

-

-

-

-

-

-

-

£5,219,572

Cost of Sales

-

-

-

-

-

-

-

-100%

£4,030,980

Gross Profit

-

-

-

-

-

-

-

-

£1,350,022

Wages & Salaries

-

-

-

-

-

-

-

-

£1,060,941

Directors Emoluments

-

-

-

-

-

-

-

-

£65,893

Operating Profit

-

-

-

-

-

-

-

-

£157,293

Depreciation

£154,799

3.8%

£149,150

-

£149,150

9.5%

£136,187

12.7%

£120,853

Audit Fees

-

-

-

-

-

-

-

-100%

£11,800

Interest Payments

-

-

-

-

-

-

-

-

£72,897

Pre Tax Profit

-

-

-

-

-

-

-

-

£84,396

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

£84,396

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

£84,396

 

Balance Sheet

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Tangible Assets

£1,448,332

27.1%

£1,139,498

-25.1%

£1,520,849

-20.5%

£1,914,039

11.9%

£1,709,966

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,448,332

27.1%

£1,139,498

-25.1%

£1,520,849

-20.5%

£1,914,039

11.9%

£1,709,966

Stock

£3,536,172

-1.8%

£3,599,408

9.3%

£3,292,068

-5.5%

£3,485,058

7.1%

£3,255,265

Trade Debtors

£1,702,085

12.2%

£1,516,883

-27.6%

£2,096,308

-30%

£2,994,584

43.1%

£2,092,431

Cash

£777,341

302.5%

£193,115

999.9%

£927

-74.6%

£3,647

-1.4%

£3,698

Other Debtors

0

-

0

-

0

-

0

-100%

£1,114,550

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£6,015,598

13.3%

£5,309,406

-1.5%

£5,389,303

-16.9%

£6,483,289

0.3%

£6,465,944

Trade Creditors

£4,949,955

20.8%

£4,099,252

-12.2%

£4,670,786

-24.4%

£6,174,968

151.1%

£2,458,848

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-100%

£2,901,463

Other Short Term Finance

£18,737

-72.2%

£67,412

-

0

-

0

-100%

£166,982

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£708,688

Total Current Liabilities

£4,968,692

19.2%

£4,166,664

-10.8%

£4,670,786

-24.4%

£6,174,968

-1%

£6,235,981

Bank Loans & Overdrafts and LTL

0

-

0

-100%

£48,788

-73.6%

£184,603

-93.7%

£2,928,696

Other Long Term Finance

0

-

0

-

0

-

0

-100%

£27,233

Total Long Term Liabilities

0

-

0

-100%

£48,788

-73.6%

£184,603

577.9%

£27,233

.

Capital & Reserves

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Called Up Share Capital

£1,400,000

-

£1,400,000

-

£1,400,000

-

£1,400,000

-

£1,400,000

P & L Account Reserve

£1,095,238

24.1%

£882,240

11.6%

£790,578

24%

£637,757

24.4%

£512,696

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£2,495,238

9.3%

£2,282,240

4.2%

£2,190,578

7.5%

£2,037,757

6.5%

£1,912,696

 

Other Financial Items

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Net Worth

£2,495,238

9.3%

£2,282,240

4.2%

£2,190,578

7.5%

£2,037,757

6.5%

£1,912,696

Working Capital

£1,046,906

-8.4%

£1,142,742

59%

£718,517

133%

£308,321

34.1%

£229,963

Total Assets

£7,463,930

15.7%

£6,448,904

-6.7%

£6,910,152

-17.7%

£8,397,328

2.7%

£8,175,910

Total Liabilities

£4,968,692

19.2%

£4,166,664

-11.7%

£4,719,574

-25.8%

£6,359,571

1.5%

£6,263,214

Net Assets

£2,495,238

9.3%

£2,282,240

4.2%

£2,190,578

7.5%

£2,037,757

6.5%

£1,912,696

 

Cash Flow

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Net Cashflow from Operations

-

-

-

-

-

-

-

-

£565,620

Net Cashflow before Financing

-

-

-

-

-

-

-

-100%

£462,912

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-£461,295

Increase in Cash

-

-

-

-

-

-

-

-

£1,617

 

Miscellaneous

Date Of Accounts

30/04/17

(%)

30/04/16

(%)

30/04/15

(%)

30/04/14

(%)

30/04/13

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£2,495,238

9.3%

£2,282,240

1.9%

£2,239,366

0.8%

£2,222,360

14.6%

£1,939,929

Number of Employees

30

-

-

-

-

-

-

-

51

Accountants

KESHANI & CO

Auditors

Auditor Comments

The company is exempt from audit

Bankers

BARCLAYS BANK PLC

Bank Branch Code

 

Ratios

Date Of Accounts

30/04/17

30/04/16

30/04/15

30/04/14

30/04/13

Pre-tax profit margin %

-

-

-

-

1.57

Current ratio

1.21

1.27

1.15

1.05

1.04

Sales/Net Working Capital

-

-

-

-

23.40

Gearing %

0

0

2.20

9.10

153.10

Equity in %

33.40

35.40

31.70

24.30

23.40

Creditor Days

-

-

-

-

166.32

Debtor Days

-

-

-

-

141.54

Liquidity/Acid Test

0.49

0.41

0.44

0.48

0.51

Return On Capital Employed %

-

-

-

-

4.35

Return On Total Assets Employed %

-

-

-

-

1.03

Current Debt Ratio

1.99

1.82

2.13

3.03

3.26

Total Debt Ratio

1.99

1.82

2.15

3.12

3.27

Stock Turnover Ratio %

-

-

-

-

60.49

Return on Net Assets Employed %

-

-

-

-

4.41

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

 

Event History

 

Date

Description

07/05/2018

Confirmation Statement

03/03/2018

New Accounts Filed

03/03/2018

New Accounts Filed

06/12/2017

Payment Data Update Received

15/09/2017

Mr B.S. Levi has left the board

08/09/2017

Confirmation Statement

29/07/2017

Payment Data Update Received

30/05/2017

Payment Data Update Received

03/02/2017

Payment Data Update Received

02/02/2017

New Accounts Filed

10/10/2016

Annual Returns

21/03/2016

Mr J.A. Shimmin has resigned as company secretary

21/03/2016

New Company Secretary Mr C.M. Chamsi-Pasha appointed

26/10/2015

New Accounts Filed

16/10/2015

Annual Returns

 

 

Previous Company Names

 

Date

Previous Name

11/05/2006

JOHN TAYLORS LIMITED

27/04/2005

W. WHITEHEAD & SONS LIMITED

09/05/1995

FRED AMBLER,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:

Date Charge Created:

07/10/13

Date Charge Registered:

24/10/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF BEIRUT (UK) LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:

DEBENTURE

Date Charge Created:

23/08/06

Date Charge Registered:

02/09/06

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF BEIRUT (UK) LTD

Amount Secured:

£1,250,000 DUE OR TO BECOME DUE FROM THE COMPANY TO

Details:

PLANT AND MACHINERY GOODWILL UNCALLED SHARE CAPITAL AND FLOATING CHARGE OF ALL PROPERTY AND UNDERTAKING SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Previous Director/Company Secretaries

 

Name

Current Active Appointments

Previous Appointments

Dissolved Companies

James Alastair Shimmin

0

1

0

John Taylor Barraclough

0

6

5

David Philip Hardy Hield

0

2

2

Robert William Mattock

2

7

6

Arthur George Park

0

5

0

John Crerar

0

2

0

Samer Chamsi-Pasha

5

4

3

David Tattum

0

11

0

Ian Geoffrey Warburton

0

8

5

Brian Stanley Levi

2

7

10

John Colin Searby

0

6

5

Jonathan Brian Gill

1

8

2

John Anthony Pridmore

0

11

6

Joanne Lesley Johnson

0

10

0

Joanne Lesley Johnson

0

10

0

Total Persons With Significant Control

1

Total Statements

0

Active

1

Active

0

Ceased

0

Ceased

0

 

 

Active Persons With Significant Control

 

Name

Mr Firas Chamsi-Pasha

Kind

Individual Person With Significant Control

Address

Yew Tree Mills, Holmbridge, Holmfirth, West Yorkshire

Country Of Residence

England

Post Code

HD9 2NN

Nationality

British

Date of Birth

01/1958

Notified On

06/05/2016

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

Average Invoice Value

£230.04

Invoices available

34

Paid

34

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

2

28

4

0

0

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.21

Euro

1

INR 79.88

GBP

1

INR 89.91

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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.