New McCowan's Credit Report

Page 1

THE NEW MCCOWAN'S (SCOTLAND) LIMITED EU & UK Data Ltd Full Report

Statutory Information Previous Name(s):

-

Registered Number:

SC308120

Incorporation Date:

05/09/2006

Registered Office:

44 TRYST ROAD STENHOUSEMUIR STIRLINGSHIRE FK5 4HA Tel: 01324562158

Latest Filed Accounts:

31/03/2010

Date Accounts Lodged: 26/02/2011

Latest Annual Return:

05/09/2010

Issued Capital: ( GBP )

1

Company Type:

Private limited with Share Capital

Company Status:

Administration Order

Type of Accounts: Full Accounts

Directory Information Telephone Number:

01324562158

Website:

-

Fax Number: -

Bankers:

ALLIED IRISH BANK LIMITED

Auditors:

ERNST & YOUNG LLP

Audit Qualification:

No Adverse Comments

Principal Activity:

Manufacture of confectionery products.

UK SIC Code(s):

1584 - MANUFACTURE OF CONFECTIONERY

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

No Rating - Administration Order

Previous:

3 (until 04/03/2011 )

Historical Trend No Rating - Administration Order (until 20/09/2011 ) 3 (until 04/03/2011 ) No Rating - Financial Statements too old (until 04/12/2010 ) 3 (until 17/12/2009 ) 1 (until 05/12/2009 ) 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:

0

Previous:

0 (until 05/12/2009 )

County Court Judgments Summary:

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

Judgments in the last six years

Group Structure Ultimate Parent Company:

WALSH ENTERPRISES LIMITED

Companies in group:

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Company Name

Registered Number

Latest Key Financials

BRISTOWS CONFECTIONERY LIMITED

06775333

31/03/2010

WHAM INTERNATIONAL LIMITED

06816098

03/03/2010

THE NEW MCCOWAN''S (SCOTLAND) LIMITED

SC308120

31/03/2010

Ownership Total Issued Capital: ( GBP )

1

Name

Individual Shareholding

WALSH ENTERPRISES LTD

1 ORDINARY GBP 1.00

Mortgages Total number of outstanding charges:

2

Total number of fully satisfied charges:

4

Date Charge Registered:

16/03/2011

Charge Type:

debenture

Date Charge Created:

30/07/2009

Lender:

walsh enterprises limited

Secured on: 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

Date Charge Registered:

14/03/2011

Charge Type:

floating charge

Date Charge Created:

09/02/2009

Lender:

aib group (uk) plc

Secured on: Details:

undertaking & all property & assets present & future, including uncalled capital

Date Charge Registered:

16/02/2008

Charge Type:

floating charge

Date Charge Created:

08/02/2008

Lender:

andrew walsh

Secured on:

all sums due or to become due

Details:

undertaking and all property and assetspresent and future of the company including uncalled capital

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Date Charge Registered:

10/01/2007

Charge Type:

floating charge

Date Charge Created:

28/12/2006

Lender:

rbs invoice finance limited

Secured on:

all sums due or to become due

Details:

undertaking and all property and assetspresent and future of the company including uncalled capital

Date Charge Registered:

07/10/2006

Charge Type:

floating charge

Date Charge Created:

03/10/2006

Lender:

speriam securities inc.

Secured on:

all sums due or to become due

Details:

undertaking and all property and assetspresent and future of the company including uncalled capital

Date Charge Registered:

11/10/2006

Charge Type:

floating charge

Date Charge Created:

03/10/2006

Lender:

san mackenzie enterprises limited

Secured on:

all sums due or to become due

Details:

undertaking and all property and assetspresent and future of the company including uncalled capital

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Profit & Loss Account Date of Accounts

31/03/2010 28/02/2009 29/02/2008

Consolidated

N

N

N

No. of Months

14

12

18

Currency

( GBP '000) ( GBP '000) ( GBP '000)

Turnover

8,421.767

8,449.991

6,481.406

Export

82.222

1,520.998

0

Cost of Sales

7,080.527

7,448.487

5,584.15

Gross Profit

1,341.24

1,001.504

897.256

Wages & Salaries

2,502.055

2,613.628

1,393.405

Directors Emoluments

0

0

29.12

Operating Profit

-2,424.982 -1,869.246 -2,910.294

Depreciation

349.499

102.277

112.395

Audit Fees

25

20

30

Interest Payments

45.021

106.588

18.13

Pre-Tax Profit

-2,381.087 -1,974.308 -2,928.424

Taxation

0

Profit After Tax

-2,381.087 -1,974.308 -2,928.424

Dividends Payable

0

Retained Profit

-2,381.087 -1,974.308 -2,928.424

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0 0

0 0


Balance Sheet Date of Accounts

31/03/2010 28/02/2009 29/02/2008

No. of Months

14

Currency

( GBP '000) ( GBP '000) ( GBP '000)

Tangible Fixed Assets:

2,954.466

1,151.402

712.27

Intangible Assets:

0

0

0

Total Fixed Assets:

2,954.466

1,151.402

712.27

Stock:

576.743

1,099.691

479.313

Trade Debtors:

2,782.476

2,382.88

74.203

Cash:

13.25

0.622

20.081

Other Debtors:

593.745

374.228

9.015

Miscellaneous Current Assets:

0

0

0

Total Current Assets:

3,966.214

3,857.421

582.612

Trade Creditors:

7,512.582

4,369.984

2,286.2

Bank Loans & Overdrafts:

0

31.768

0

Other Short Term Finance:

3,385.961

3,360.211

857.375

Miscellaneous Current Liabilities:

1,441.372

1,260.699

1,079.73

Total Current Liabilities:

12,339.915 9,022.662

4,223.305

Bank Loans & Overdrafts and LTL:

0

31.768

0

Other Long Term Finance:

0

0

0

Total Long Term Liabilities:

0

0

0

Share Capital & Reserves:

0.001

0.001

0.001

P & L Account Reserve:

-7,283.819 -4,902.732 -2,928.424

Revaluation Reserve:

0

0

0

Sundry Reserves:

1,864.583

888.892

0

Shareholder Funds:

-5,419.235 -4,013.839 -2,928.423

Net Worth:

-5,419.235 -4,013.839 -2,928.423

Working Capital:

-8,373.701 -5,165.241 -3,640.693

Total Assets:

6,920.68

5,008.823

1,294.882

Total Liabilities:

12,339.915 9,022.662

4,223.305

Net Assets:

-5,419.235 -4,013.839 -2,928.423

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12

18


Cash Flow Date of Accounts

31/03/2010 28/02/2009 29/02/2008

No. of Months

14

Currency

( GBP '000) ( GBP '000) ( GBP '000)

Net Cash Flow From Operations:

0

0

0

Net Cash Flow before Financing:

0

0

0

Net Cash Flow From Financing:

0

0

0

Increase In Cash:

-

-

-

12

18

Ratios Date of Accounts

31/03/2010 28/02/2009 29/02/2008

Pre-tax Profit Margin %:

- 28.30

- 23.40

- 45.20

Current Ratio:

0.32

0.43

0.14

Sales/Net Working Capital:

- 1.01

- 1.64

- 1.78

Gearing %:

-

- 0.80

-

Equity in %:

- 78.30

- 80.10

- 226.20

Creditor Days:

325.60

188.76

128.75

Debtor Days:

120.59

102.93

4.18

Liquidity/Acid Test:

0.27

0.30

0.02

Return On Capital Employed %:

43.90

49.20

100.00

Return On Total Assets Employed %:

- 34.40

- 39.40

- 226.20

Current Debt Ratio %:

- 2.30

- 2.20

- 1.40

Total Debt Ratio %:

- 2.30

- 2.20

- 1.40

Stock Turnover Ratio %:

6.80

13.00

7.40

Return on Net Assets Employed %:

43.90

49.20

100.00

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Growths Date of Accounts

31/03/2010 28/02/2009 29/02/2008

Tangible Fixed Assets:

156.6%

61.7%

Intangible Assets:

-

-

Total Fixed Assets:

156.6%

61.7%

Stock:

- 47.6%

129.4%

Trade Debtors:

16.8%

3,111.3%

Cash:

2,030.2%

- 96.9%

Other Debtors:

58.7%

4,051.2%

Miscellaneous Current Assets:

-

-

Total Current Assets:

2.8%

562.1%

Trade Creditors:

71.9%

91.1%

Bank Loans & Overdrafts:

- 100%

-

Other Short Term Finance:

0.8%

291.9%

Miscellaneous Current Liabilities:

14.3%

16.8%

Total Current Liabilities:

36.8%

113.6%

Bank Loans & Overdrafts and LTL:

- 100%

-

Other Long Term Finance:

-

-

Total Long Term Liabilities:

-

-

Share Capital & Reserves:

-

-

P & L Account Reserve:

- -48.6%

- -67.4%

Revaluation Reserve:

-

-

Sundry Reserves:

109.8%

-

Shareholder Funds:

- -35%

- -37.1%

Net Worth:

- -35%

- -37.1%

Working Capital:

- -62.1%

- -41.9%

Total Assets:

38.2%

286.8%

Total Liabilities:

36.8%

113.6%

Net Assets:

- -35%

- -37.1%

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Filing History 04/03/2011 New Accounts Filed 04/03/2011 New Accounts Filed 01/03/2011 Mr K.C. Graham has left the board 28/09/2010 Annual Returns 17/12/2009 New Accounts Filed 17/12/2009 New Accounts Filed 16/12/2009 Change in Reg.Office 23/09/2009 Annual Returns 13/05/2009 New Accounts Filed 26/03/2009 New Board Member Mr K.C. Graham appointed 17/02/2009 Change of Name 08/12/2008 New Company Secretary Mr M.J. Lodge appointed 16/11/2008 Annual Returns 13/11/2008 Mr E.A. Bugden has left the board 13/11/2008 New Board Member Mr A.C. Walsh appointed

Officers Company Secretaries Michael John Lodge Function:

Company Secretary

Appointment Date:

12/06/2008

Date of Birth:

28/02/1952

Present Appointments:

19

Address

Park Baylis Cobies Lane High Wych Saw Bridgeworth Hertfordshire CM21 0LE

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Company

Function

Appointment Date

WALSH ENTERPRISES LIMITED

Director

01/02/2009

WHAM INTERNATIONAL LIMITED

Company Secretary

16/02/2009

H. AYTON BUILDERS LIMITED

Director

06/11/2002

DOMAINCLICKS.COM LIMITED

Director

17/04/2000

DATAMANAGE LIMITED

Director

05/01/2000

ST CROSS DEVELOPMENTS LIMITED

Director

18/01/1996

ST CROSS CHAMBERS MANAGEMENT LIMITED

Company Secretary

01/11/1999

ST CROSS CHAMBERS MANAGEMENT LIMITED

Director

18/01/1996

CLASSIQUE CONFECTIONERY LIMITED

Company Secretary

14/07/2008

MJL BUSINESS SERVICES LIMITED

Director

12/06/2002

ALLUNITE LIMITED

Director

22/09/2009

THE NEW MCCOWAN'S (SCOTLAND) LIMITED

Company Secretary

12/06/2008

J D FINISHERS LIMITED

Director

28/04/2004

LEISURE ISLAND LIMITED

Director

19/11/2009

THORNYCROFT LIMITED

Company Secretary

12/06/2008

LANDGALE LIMITED

Director

28/05/1992

LANDGALE LIMITED

Company Secretary

28/05/1992

ST CROSS ESTATES (HOLDINGS) LIMITED

Director

27/04/2006

RED MONSTER LIMITED

Director

28/10/2003

Company

Function

Appointment Date

WALSH ENTERPRISES LIMITED

Director

17/10/2008

WHAM INTERNATIONAL LIMITED

Director

16/02/2009

CLASSIQUE CONFECTIONERY LIMITED

Director

28/01/1991

THE NEW MCCOWAN'S (SCOTLAND) LIMITED

Director

08/02/2008

STRIKEGOLD LIMITED

Director

20/07/2011

THORNYCROFT LIMITED

Director

31/12/1990

BRISTOWS CONFECTIONERY LIMITED

Director

22/12/2008

Current Directors Andrew Charles Walsh Function:

Director

Appointment Date:

08/02/2008

Date of Birth:

26/03/1962

Present Appointments:

7

Address

Martelo Place Martello Road Branksome Park Poole Dorset BH13 7DQ

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Trading Address:

44 Tryst Road Stenhousemuir Stirlingshire FK5 4HA Tel: 562158

Trading Address:

21 St Peters Street Nottingham Nottinghamshire NG7 3EN Tel: 791456

Trading Address:

Clairmonts Solicitors 9 Clairmont Gardens Glasgow Lanarkshire G3 7LW

EU & UK Data Ltd Full Report Report Created - 21/09/2011 - Page 11


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