Blanc Restaurants Full Financial Report

Page 1

BLANC RESTAURANTS LIMITED EU & UK Data Ltd Full Report

Statutory Information Previous Name(s):

USESHARE LIMITED (until 05/07/1983 )

Registered Number:

01728000

Incorporation Date:

01/06/1983

Registered Office:

20 UPPER GROUND LONDON SE1 9PF

Latest Filed Accounts:

31/12/2010

Latest Annual Return:

04/01/2011

Date Accounts Lodged: 19/07/2011

Issued Capital: ( GBP )

320000

Company Type:

Private limited with Share Capital

Company Status:

Active - Accounts Filed

Type of Accounts: Full Accounts

Directory Information Telephone Number:

-

Fax Number: -

Website:

-

Bankers:

THE ROYAL BANK OF SCOTLAND PLC

Auditors:

KPMG LLP

Audit Qualification:

No Adverse Comments

Principal Activity:

Operation of a restaurants and hotel.

UK SIC Code(s):

5510 - HOTELS AND MOTELS 5530 - RESTAURANTS CAFES AND TAKE-AWAY FOOD SHOPS

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 1


Risk Information (what is this?) Risk Score Todays:

91

Previous:

92 (until 11/10/2010 )

Historical Trend 91 (until 27/07/2011 ) 92 (until 11/10/2010 ) No Rating - Financial Statements too old (until 02/10/2010 ) 92 (until 04/09/2010 ) 88 (until 02/10/2009 ) Score Key (Key Financials Filed / Established) 71-100

Very Good Credit Worthiness

51-70

Good Credit Worthiness

30-50

Credit Worthy

21-29

Credit Against Collateral

0-20

Caution - Credit at your discretion

Liquidated/Wound-up

Company is liquidated or is wound-up

Dissolved

Company is dissolved

Petition

Petition has been filed

Score Key (Newly Incorporated) 51-100

Low Risk

30-50

Moderate Risk

0-29

Caution - High risk

Liquidated/Wound-up

Company is liquidated or is wound-up

Dissolved

Company is dissolved

Petition

Petition has been filed

Credit Limit ( GBP ) Todays:

105,000

Previous:

100,000 (until 11/10/2010 )

County Court Judgments Summary:

Number of exact unsatisfied CCJs: None Number of possible unsatisfied CCJs: None Number of writs: None

Group Structure Ultimate Parent Company:

ORIENT-EXPRESS HOTELS LTD

Companies in group:

23

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 2


Company Name

Registered Number

LA RESIDENCIA LIMITED

04361997

31/12/2010

MOUNT NELSON HOTEL LIMITED

00050985

31/12/2010

OEH OXFORD LTD

BERMUDA

ORIENT-EXPRESS HOTELS U.K. LIMITED

01680876

31/12/2010

EUROPEAN CRUISES LIMITED

05074490

31/12/2010

HORATIO PROPERTIES LIMITED

01819123

31/12/2010

LE MANOIR LIMITED

04362024

31/12/2010

LE MANOIR HOLDINGS LIMITED

02905171

31/12/2010

LUXURYTRAVEL.COM UK LIMITED

03934404

31/12/2010

ORIENT-EXPRESS LIMITED

01795570

31/12/2010

ORIENT-EXPRESS SERVICES LIMITED

00946687

31/12/2010

REID''S HOTEL MADEIRA LIMITED

03196271

31/12/2010

VENICE SIMPLON-ORIENT-EXPRESS TOURS LIMITED

02349958

31/12/2009

ORIENT-EXPRESS LUXEMBOURG HOLDINGS SARL

LUXEMBOURG

BLANC RESTAURANTS LIMITED

01728000

31/12/2010

COLLECTION VENICE SIMPLON-ORIENT-EXPRESS LIMITED

01392751

31/12/2010

VENICE SIMPLON-ORIENT-EXPRESS LIMITED

01551659

31/12/2010

GREAT SCOTTISH AND WESTERN RAILWAY HOLDINGS LIMITED

02985176

31/12/2010

THE GREAT SCOTTISH & WESTERN RAILWAY COMPANY LIMITED

05201319

31/12/2010

NORTHERN BELLE LIMITED

03126253

31/12/2010

REID'S HOTELS LDA

PORTUGAL

ISLAND HOTEL (MADEIRA) LIMITED

00328212

Ownership Total Issued Capital: ( GBP )

320000

Name

Individual Shareholding

ORIENT-EXPRESS LUXEMBOURG HOLDINGS SARL

150,000 ORDINARY B GBP 1.00

ORIENT-EXPRESS LUXEMBOURG HOLDINGS SARL

170,000 ORDINARY A GBP 1.00

Mortgages Total number of outstanding charges:

1

Total number of fully satisfied charges:

9

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 3

Latest Key Financials

31/12/2010


Date Charge Registered:

05/11/2010

Charge Type:

debenture

Date Charge Created:

02/11/2010

Lender:

oversea-chinese banking corporation limited

Secured on:

all monies due or to become due from any obligor to the chargee and/or any receiver on any account whatsoever under theterms of the aforementioned instrument creating or evidencing the charge

Details:

f/h property k/a le manoir aux quat\saisons great milton oxfordshire t/nos on98379 on79832 on81108 and on83611 fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery see image for fulldetails

Date Charge Registered:

31/07/2006

Charge Type:

debenture

Date Charge Created:

20/07/2006

Lender:

barclays bank plc as security trustee for each of the english facility secured parties and non-

Secured on: Details:

f/h le manoir aux quat\ saisons great milton oxfordshire england t/nos on98379 on79832 on81108 and on83611fixed 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

Date Charge Registered:

05/03/2002

Charge Type:

debenture

Date Charge Created:

19/02/2002

Lender:

barclays bank plc

Secured on: 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

Date Charge Registered:

21/11/1997

Charge Type:

legal mortgage

Date Charge Created:

19/11/1997

Lender:

midland bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

the property at cranmer cottage church road great milton oxfordshire (freehold). with the benefit of all rights licences guarantees rent deposits contracts deeds undertakings and warranties relatingto the property any shares or membership rights in any management company for the property any goodwill of any businessfrom time to time carried on at the property any rental and other money payableunder any lease licence or other interest created in respect of the property and all other payments whatever in respectof the property

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 4


Date Charge Registered:

15/10/1997

Charge Type:

debenture

Date Charge Created:

14/10/1997

Lender:

midland bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

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 machinery see the mortgage charge document for full details

Date Charge Registered:

08/10/1997

Charge Type:

legal mortgage

Date Charge Created:

03/10/1997

Lender:

midland bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

property at the manor house on land lying to the south of church road great milton oxfordshire (freehold) with the benefit of all rights licences guarantees rent deposits contracts deeds undertakings and warranties relatingto the property any shares or membership rights in any management company for the property any goodwill of any businessfrom time to time carried on at the property any rental and other money payableunder any lease licence or other interest created in respect of the property and all other payments whatever in respectof the property

Date Charge Registered:

02/01/1986

Charge Type:

legal charge

Date Charge Created:

16/12/1985

Lender:

royal bank of scotland plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

l/hold-61a banbury road oxford togetherwith all fixtures whatsoever now or at any time hereafter affixed or attached to the property or any part thereof otherthan trade machinery as defined by section 5 of the bills of sale act 1878. together with fixed and moveable plantmachinery fixtures implements and utensils

Date Charge Registered:

17/12/1984

Charge Type:

legal charge

Date Charge Created:

11/12/1984

Lender:

williams & glyns bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

land lying to south of church road, gt milton, s oxfordshire together with all fixtures whatsoever now or at any time hereafter affixed or attached to the property or any part thereof other than trade machinery as defined by section 5 of the bills of sale act 1878. together with fixed and moveable plantmachinery fixtures implements and utensils

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 5


Date Charge Registered:

13/12/1983

Charge Type:

legal mortgage

Date Charge Created:

06/12/1983

Lender:

williams & glyn's bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

l/hold property known as 272 banbury road oxford. together with all fixtures whatsoever now or at any time hereafter affixed or attached to the property or anypart thereof other than trade machineryas defined by section 5 of the bills ofsale act 1878. together with fixed and moveable plantmachinery fixtures implements and utensils

Date Charge Registered:

30/08/1983

Charge Type:

debenture

Date Charge Created:

26/08/1983

Lender:

williams & glyn's bank plc

Secured on:

all monies due or to become due from the company to the chargee on any account whatsoever

Details:

fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital fixtures & trade fixtures & fittings fixed plant and machinery

Profit & Loss Account Date of Accounts

31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006

Consolidated

N

N

N

N

N

No. of Months

12

12

12

12

12

Currency

GBP

GBP

GBP

GBP

GBP

Turnover

13,818K

12,802K

12,449K

12,046K

10,633K

Export

0

0

0

0

0

Cost of Sales

8,108,000

7,575,000

7,049,000

6,918,000

6,028,000

Gross Profit

5,710,000

5,227,000

5,400,000

5,128,000

4,605,000

Wages & Salaries

4,799,000

4,310,000

3,868,000

3,934,000

3,381,000

Directors Emoluments

562,000

0

0

410,000

410,343K

Operating Profit

-

1,143,000

1,448,000

1,091,000

930,000

Depreciation

671,000

589,000

528,000

390,000

325,000

Audit Fees

35,000

35,000

34,000

26,000

53,000

Interest Payments

0

0

0

0

0

Pre-Tax Profit

1,223,000

1,143,000

1,450,000

1,094,000

933,000

Taxation

19,000

-472,000

-228,000

599,000

-215,000

Profit After Tax

1,242,000

671,000

1,222,000

1,693,000

718,000

Dividends Payable

0

0

0

0

0

Retained Profit

1,242,000

671,000

1,222,000

1,693,000

718,000

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 6


Balance Sheet Date of Accounts

31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006

No. of Months

12

12

12

12

12

Currency

GBP

GBP

GBP

GBP

GBP

Tangible Fixed Assets:

12,916K

11,632K

11,697K

11,181K

10,967K

Intangible Assets:

0

0

0

0

0

Total Fixed Assets:

12,916K

11,632K

11,697K

11,181K

10,967K

Stock:

714,000

637,000

636,000

593,000

619,000

Trade Debtors:

13,000

93,000

126,000

127,000

136,000

Cash:

447,000

900,000

597,000

912,000

785,000

Other Debtors:

10,157K

9,167,000

2,728,000

1,412,000

139,000

Miscellaneous Current Assets:

0

0

0

0

0

Total Current Assets:

11,331K

10,797K

4,087,000

3,044,000

1,679,000

Trade Creditors:

9,721,000

281,000

374,000

506,000

295,000

Bank Loans & Overdrafts:

0

0

0

0

0

Other Short Term Finance:

0

5,922,000

0

0

50,000

Miscellaneous Current Liabilities:

0

2,951,000

2,908,000

2,468,000

1,907,000

Total Current Liabilities:

9,721,000

9,154,000

3,282,000

2,974,000

2,252,000

Bank Loans & Overdrafts and LTL:

246,000

237,000

135,000

106,000

942,000

Other Long Term Finance:

0

0

0

0

0

Total Long Term Liabilities:

246,000

237,000

135,000

106,000

942,000

Share Capital & Reserves:

320,000

320,000

320,000

320,000

320,000

P & L Account Reserve:

12,234K

10,992K

10,321K

9,099,000

7,406,000

Revaluation Reserve:

1,411,000

1,411,000

1,411,000

1,411,000

1,411,000

Sundry Reserves:

315,000

315,000

315,000

315,000

315,000

Shareholder Funds:

14,280K

13,038K

12,367K

11,145K

9,452,000

Net Worth:

14,280K

13,038K

12,367K

11,145K

9,452,000

Working Capital:

1,610,000

1,643,000

805,000

70,000

-573,000

Total Assets:

24,247K

22,429K

15,784K

14,225K

12,646K

Total Liabilities:

9,967,000

9,391,000

3,417,000

3,080,000

3,194,000

Net Assets:

14,280K

13,038K

12,367K

11,145K

9,452,000

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 7


Cash Flow Date of Accounts

31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006

No. of Months

12

12

12

12

12

Currency

GBP

GBP

GBP

GBP

GBP

Net Cash Flow From Operations:

0

0

0

0

0

Net Cash Flow before Financing:

0

0

0

0

0

Net Cash Flow From Financing:

0

0

0

0

0

Increase In Cash:

-

-

-

-

-

Ratios Date of Accounts

31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006

Pre-tax Profit Margin %:

8.90

8.90

11.60

9.10

8.80

Current Ratio:

1.17

1.18

1.25

1.02

0.75

Sales/Net Working Capital:

8.58

7.79

15.46

172.09

- 18.56

Gearing %:

1.70

1.80

1.10

1.00

10.00

Equity in %:

58.90

58.10

78.40

78.30

74.70

Creditor Days:

256.78

8.01

10.97

15.33

10.13

Debtor Days:

0.34

2.65

3.69

3.85

4.67

Liquidity/Acid Test:

1.09

1.10

1.05

0.82

0.47

Return On Capital Employed %:

8.40

8.60

11.60

9.70

9.00

Return On Total Assets Employed %:

5.00

5.10

9.20

7.70

7.40

Current Debt Ratio %:

0.70

0.70

0.30

0.30

0.20

Total Debt Ratio %:

0.70

0.70

0.30

0.30

0.30

Stock Turnover Ratio %:

5.20

5.00

5.10

4.90

5.80

Return on Net Assets Employed %:

8.60

8.80

11.70

9.80

9.90

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 8


Growths Date of Accounts

31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006

Tangible Fixed Assets:

11%

- 0.6%

4.6%

2%

Intangible Assets:

-

-

-

-

Total Fixed Assets:

11%

- 0.6%

4.6%

2%

Stock:

12.1%

0.2%

7.3%

- 4.2%

Trade Debtors:

- 86%

- 26.2%

- 0.8%

- 6.6%

Cash:

- 50.3%

50.8%

- 34.5%

16.2%

Other Debtors:

10.8%

236%

93.2%

915.8%

Miscellaneous Current Assets:

-

-

-

-

Total Current Assets:

4.9%

164.2%

34.3%

81.3%

Trade Creditors:

3,359.4%

- 24.9%

- 26.1%

71.5%

Bank Loans & Overdrafts:

-

-

-

-

Other Short Term Finance:

- 100%

-

-

- 100%

Miscellaneous Current Liabilities:

- 100%

1.5%

17.8%

29.4%

Total Current Liabilities:

6.2%

178.9%

10.4%

32.1%

Bank Loans & Overdrafts and LTL:

3.8%

75.6%

27.4%

- 88.7%

Other Long Term Finance:

-

-

-

-

Total Long Term Liabilities:

3.8%

75.6%

27.4%

- 88.7%

Share Capital & Reserves:

-

-

-

-

P & L Account Reserve:

11.3%

6.5%

13.4%

22.9%

Revaluation Reserve:

-

-

-

-

Sundry Reserves:

-

-

-

-

Shareholder Funds:

9.5%

5.4%

11%

17.9%

Net Worth:

9.5%

5.4%

11%

17.9%

Working Capital:

- 2%

104.1%

1,050%

-112.2%

Total Assets:

8.1%

42.1%

11%

12.5%

Total Liabilities:

6.1%

174.8%

10.9%

- 3.6%

Net Assets:

9.5%

5.4%

11%

17.9%

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 9


Filing History 27/07/2011 New Accounts Filed 27/07/2011 New Accounts Filed 14/07/2011 Mr P.M. White has resigned as company secretary 14/07/2011 Mr P.M. White has left the board 14/07/2011 New Company Secretary Mr M. O'Grady appointed 14/07/2011 New Board Member Mr M. O'Grady appointed 04/02/2011 Annual Returns 11/10/2010 New Accounts Filed 11/10/2010 New Accounts Filed 15/01/2010 Annual Returns 16/10/2009 New Accounts Filed 16/10/2009 New Accounts Filed 07/09/2009 New Board Member Mr P.A. Calvert appointed 02/09/2009 Mr J.D. Salter has left the board 02/09/2009 New Board Member Mr P.A. Calvert appointed 18/01/2009 Annual Returns 07/12/2008 New Accounts Filed 07/12/2008 New Accounts Filed

Officers Company Secretaries Martin O'Grady Function:

Company Secretary

Appointment Date:

08/07/2011

Date of Birth:

01/01/0001

Present Appointments:

1

Address

20 Upper Ground London SE1 9PF

Company

Function

Appointment Date

BLANC RESTAURANTS LIMITED

Company Secretary

08/07/2011

Current Directors

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 10


Philip Alan Calvert Function:

Director

Appointment Date:

28/08/2009

Date of Birth:

14/07/1952

Present Appointments:

25

Address

Tremoren St Kew Bodmin Cornwall PL30 3HA

Company

Function

Appointment Date

MOUNT NELSON HOTEL LIMITED

Director

28/08/2009

LE MANOIR HOLDINGS LIMITED

Director

28/08/2009

SC FINLAND LIMITED

Director

25/03/2008

NORTHERN BELLE LIMITED

Director

28/08/2009

BLANC RESTAURANTS LIMITED

Director

28/08/2009

VENICE SIMPLON-ORIENT-EXPRESS LIMITED

Director

28/08/2009

LA RESIDENCIA LIMITED

Director

28/08/2009

OPS ASSOCIATES LIMITED

Director

25/05/1993

OPS ASSOCIATES LIMITED

Company Secretary

25/05/1993

EUROPEAN CRUISES LIMITED

Director

28/08/2009

LE MANOIR LIMITED

Director

28/08/2009

HOVERSPEED GB LIMITED

Director

25/03/2008

ORIENT-EXPRESS HOTELS U.K. LIMITED

Director

28/08/2009

ORIENT-EXPRESS HOLDINGS LIMITED

Director

28/08/2009

CALVERDEN ANTIQUES LIMITED

Director

06/08/1991

CALVERDEN ANTIQUES LIMITED

Company Secretary

06/08/1991

CIPRIANI LONDON LIMITED

Director

28/10/2009

CIPRIANI LIMITED

Director

28/10/2009

REID'S HOTEL MADEIRA LIMITED

Director

28/08/2009

VENICE SIMPLON-ORIENT-EXPRESS TOURS LIMITED

Director

28/08/2009

HORATIO PROPERTIES LIMITED

Director

28/08/2009

ENDELLION CONSULTANCY LIMITED

Director

18/09/2006

ORIENT-EXPRESS LIMITED

Director

28/08/2009

ORIENT-EXPRESS SERVICES LIMITED

Director

28/08/2009

ISLAND HOTEL (MADEIRA) LIMITED

Director

08/07/2011

Raymond Rene Alfred Blanc Function:

Director

Appointment Date:

04/01/1991

Date of Birth:

19/11/1949

Present Appointments:

11

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 11


Address

5 Garford Road Oxford Oxfordshire OX2 6UY

Company

Function

Appointment Date

THE OXFORD PHILOMUSICA TRUST

Director

01/10/2009

LE PETIT BLANC HOLDINGS LIMITED

Director

19/02/2002

LE MANOIR HOLDINGS LIMITED

Director

05/04/1994

BLANC RESTAURANTS LIMITED

Director

04/01/1991

THE LONDON COCKTAIL CLUB LTD

Director

07/12/2010

BLAKEDEW 801 LIMITED

Director

07/05/2009

BLANC BRASSERIES LIMITED

Director

17/06/2003

MC 458 LIMITED

Director

08/05/2009

MC 436 LIMITED

Director

24/10/2008

BLANC TOO LIMITED

Director

06/10/1997

LE PETIT BLANC LIMITED

Director

23/08/1995

Company

Function

Appointment Date

LE MANOIR HOLDINGS LIMITED

Director

31/08/2007

BLANC RESTAURANTS LIMITED

Director

31/08/2007

LA RESIDENCIA LIMITED

Director

31/08/2007

LE MANOIR LIMITED

Director

31/08/2007

Michael John Feeney Function:

Director

Appointment Date:

31/08/2007

Date of Birth:

01/01/1960

Present Appointments:

4

Address

The Coign Bury Lane Woking Surrey GU21 4RP

Martin O'Grady Function:

Director

Appointment Date:

08/07/2011

Date of Birth:

30/11/1963

Present Appointments:

16

Address

20 Upper Ground London SE1 9PF

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 12


Company

Function

Appointment Date

HORATIO PROPERTIES LIMITED

Director

08/07/2011

BLANC RESTAURANTS LIMITED

Director

08/07/2011

ORIENT-EXPRESS SERVICES LIMITED

Director

08/07/2011

CIPRIANI LONDON LIMITED

Director

28/10/2009

CIPRIANI LIMITED

Director

28/10/2009

MOUNT NELSON HOTEL LIMITED

Director

08/07/2011

LE MANOIR LIMITED

Director

08/07/2011

LE MANOIR HOLDINGS LIMITED

Director

08/07/2011

COLLECTION VENICE SIMPLON-ORIENT-EXPRESS LIMITED

Director

08/07/2011

EUROPEAN CRUISES LIMITED

Director

08/07/2011

REID'S HOTEL MADEIRA LIMITED

Director

08/07/2011

VENICE SIMPLON-ORIENT-EXPRESS LIMITED

Director

08/07/2011

ORIENT-EXPRESS LIMITED

Director

08/07/2011

ORIENT-EXPRESS HOTELS U.K. LIMITED

Director

08/07/2011

LA RESIDENCIA LIMITED

Director

08/07/2011

ORIENT-EXPRESS HOLDINGS LIMITED

Director

08/07/2011

Trading Address:

BLANC RESTAURANTS LIMITED 20 Upper Ground London SE1 9PF SE1 9PF

Trading Address:

Church Road Great Milton Oxford Oxfordshire OX44 7PD Tel: 278881

EU & UK Data Ltd Full Report Report Created - 31/10/2011 - Page 13


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