Business Credit Management UK

ICC Business Report

BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY
 
STATUTORY INFORMATION
 
Previous Name(s): None
 
Registered Number: 01800000
 
Registered Office: 81 NEWGATE STREET, Date of Incorporation: 01/04/1984
LONDON, Latest Annual Return: 09/08/1998
EC1A 7AJ Date Accounts Lodged: 08/07/1998
Latest Filed Accounts Date: 31/03/1998
Date of Analysed Accounts: 31/03/1998
Accounts Reference Date: 31/03
Issued Capital (£): 1,613,315,135
 
Company is: Quoted
Public limited with share capital
English/Welsh companies incorporated under part 1 of the Companies Act
 
Type of Accounts: Group
 
DIRECTORY INFORMATION
 
Trading Address: 81 Newgate Street, Telephone Number: 0171 356 5369
London, Fax Number: 0171 356 5520
EC1A 7AJ
 
Region: CENTRAL LONDON
Bankers: MIDLAND BANK
Auditors: Coopers & Lybrand
Audit Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/1998.
Principal Activities: A group engaged in the supply of telecommunication services and equipment.
 
UK SIC Code(s):
64200 Telecommunications
32201 Manufacture of telegraph and telephone apparatus and equipment
 
RISK INFORMATION
 
RISK SCORE
1998 83 Credit Limit (£): 1,400,000,000
1997 63 Contract Limit (£): 2,140,000,000
1996 69
1995 59
The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The latest score is 83 and this indicates a risk level for the next year over ten times less than the average rate of 2%. We would expect 5.60% of companies to be at and above this score. The credit limit is £1,400,000,000, which is a reflection of the score and the substantial financial strength of the company.
 
County Court Judgments: There are 72 exact unsatisfied CCJs totalling £93067.34, and 4 probable unsatisfied CCJs totalling £1500.00.
Latest Ten Judgments:
On 16/10/1998, a Judgment of £140.00 was made in TRURO court (Case No. TR802135) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2110805135. (Exact)
On 12/10/1998, a Judgment of £465.00 was made in GLOUCESTER court (Case No. JW820165) against BRITISH TELECOMMUNICATIONS PLC of B T CENTRE, 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 1610804323. (Exact)
On 16/09/1998, a Judgment of £50.00 was made in PORTSMOUTH court (Case No. PO806394) against BRITISH TELECOMMUNICATION PLC, trading as T/A B T, of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 0510805708. (Probable)
On 14/09/1998, a Judgment of £39.00 was made in MANSFIELD court (Case No. MF852937) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1 A 7, Ref. No. 1809805230. (Exact)
On 29/04/1998, a Judgment of £1550.00 was made in MAYORS & CITY (LOND) court (Case No. SD703196) against BRITISH TELECUMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1 7AJ, Ref. No. 0605803802. (Exact)
On 24/03/1998, a Judgment of £2947.00 was made in CENTRAL LONDON court (Case No. CL802471) against BRITISH TELECOMMUNICATIONS PLC of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 3003803895. (Exact)
On 17/03/1998, a Judgment of £1110.00 was made in WANDSWORTH court (Case No. WT707406) against BRITISH TELECOMMIACTIONS PLC of R/O NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2703806100. (Probable)
On 26/02/1998, a Judgment of £117.00 was made in NORTHAMPTON court (Case No. XT800817) against BRITISH TELECOMMUNICATIONS PLC of TELEPHONE HOUSE, 25-27 ST JOHNS STREET, BEDFORD, MK42 0BA, Ref. No. 0203804526. On 17/04/1998 this Judgment was satisfied. (Exact)
On 09/02/1998, a Judgment of £1970.00 was made in LEIGH court (Case No. LG800022) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE ST, LONDON, EC1A 7AJ, Ref. No. 1602805412. (Exact)
On 22/01/1998, a Judgment of £124.00 was made in SUNDERLAND court (Case No. SR771948) against BRITISH TELCOM PLC of R/O TELEPHONE HOUSE, 91 LONDON ROAD, MANCHESTER, M60 1HQ, Ref. No. 3001803581. (Exact)
 
OWNERSHIP
 
GROUP STRUCTURE
 
Holding Company: None
Ultimate Holding Company: None
 
ALL LIVE SUBSIDIARIES ON ICC DATABASE BY TURNOVER
Reg. No. Name Sales('000) A/C Date Status
02604354 CELLNET GROUP LIMITED
 997,129 31/03/1997 Large
01743099 TELECOM SECURICOR CELLULAR RADIO LIMITED
 932,314 31/03/1997 Large
02410818 BT PROPERTY LIMITED
 419,518 31/03/1997 Large
02410810 CONCERT GLOBAL NETWORKS LIMITED
 289,215 31/03/1997 Large
02840475 CONCERT COMMUNICATIONS COMPANY
 268,448 31/03/1997 Large
02216369 BT (WORLDWIDE) LIMITED
 266,115 31/03/1997 Large
02712995 CALL CONNECTIONS LIMITED
 214,421 31/03/1997 Large
02410798 BT COMMUNICATIONS MANAGEMENT LIMITED
 192,805 31/03/1997 Large
02410825 CONCERT COMMUNICATIONS SALES LIMITED
 165,154 31/03/1997 Large
01403041 YELLOW PAGES SALES LIMITED
 90,574 31/03/1998 Large
02713001 CELLNET TRANSACTIONS LIMITED
 59,413 31/03/1997 Large
02002853 BT (CBP) LIMITED
 58,462 31/03/1998 Large
01898175 BT LIMITED
 41,585 31/03/1997 Large
02191609 SYNTEGRA LIMITED
 33,698 31/03/1997 Large
01612599 CELLULAR RADIO LIMITED
 33,444 31/03/1997 Large
01814089 CELLNET SOLUTIONS LIMITED
 17,424 31/03/1997 Large
02255560 BT SUBSEA CABLES LIMITED
 10,198 31/03/1997 Large
02410815 BT PROPERTY SERVICES LIMITED
 8,890 31/03/1997 Large
01735641 WESTMINSTER CABLE COMPANY LIMITED
 8,051 31/03/1998 Large
01890998 BROADBAND VENTURES LIMITED
 6,802 31/03/1998 Large
02196300 SECURE INFORMATION SYSTEMS LIMITED
 5,660 31/03/1997 Large
02296498 BT RISK MANAGEMENT LIMITED
 2,196 31/03/1998 Large
02603362 BT LUDGATE LIMITED
 2,181 31/03/1998 Large
01674826 GENERAL ART SERVICES LIMITED
 2,145 31/03/1998 Large
02325912 SOUTHGATE DEVELOPMENTS LIMITED
 2,051 31/03/1997 Large
02604348 BT CABLESHIPS LIMITED
 2,000 31/03/1997 Large
02653077 MOORGATE (ELEVEN) LIMITED
 1,923 31/03/1998 Large
02604357 BT INTERKOM LIMITED
 1,249 31/03/1997 Large
02410808 BT NEW TOWNS CABLE TV LIMITED
 958 31/03/1997 Large
02653160 MOORGATE (TWO) LIMITED
 480 31/03/1998 Small
02653156 MOORGATE (ONE) LIMITED
 475 31/03/1998 Small
02653162 MOORGATE (THREE) LIMITED
 201 31/03/1998 Small
02653167 MOORGATE (FIVE) LIMITED
 118 31/03/1998 Small
02653176 MOORGATE (NINE) LIMITED
 118 31/03/1998 Small
02653178 MOORGATE (TEN) LIMITED
 118 31/03/1998 Small
02653172 MOORGATE (SEVEN) LIMITED
 117 31/03/1998 Small
02653170 MOORGATE (SIX) LIMITED
 102 31/03/1998 Small
02653173 MOORGATE (EIGHT) LIMITED
 89 31/03/1997 Small
02653164 MOORGATE (FOUR) LIMITED
 72 31/03/1998 Small
SC115372 NETWORK SERVICES AGENCY LIMITED
 30 31/03/1997 Small
02325909 FERNTECH SYSTEMS LIMITED
 4 31/03/1997 Small
02216773 BT HOLDINGS LIMITED
 0 31/03/1997 Small
02325916 ALDERSGATE LIMITED
 0 31/03/1998 Small
02604351 CELLNET NETWORKS LIMITED
 0 31/03/1997 Small
02604355 CELLNET SERVICES LIMITED
 0 31/03/1997 Small
02653079 CONCERT HOLDINGS LIMITED
 0 31/03/1997 Small
03166592 POSTGATE HOLDING COMPANY
 0 31/03/1997 Small
 
MAJOR SHAREHOLDERS
 
Directors Report Date: 26/05/1998
 
SHARE CAPITAL STRUCTURE
 
Class of Shares Par Value (pence) Issued Capital(£) Nominal Capital(£) SEDOL
Ordinary shares 25 1,589,000,000 2,625,000,000 0140843
Total Issued Capital 1,589,000,000
 
SHAREHOLDERS
 
Shareholder Name Class of Shares Number of Shares Shares(%) Holder Type Beneficial Owner
Prudential Corporation Group of Companies Ordinary shares 247,000,000 3.90 Company Beneficial Name
 
PROFIT & LOSS ACCOUNT
 
   Date of Accounts 31/03/1998 31/03/1997 31/03/1996 31/03/1995 31/03/1994
   Consolidated Yes Yes Yes Yes Yes
   Subsidiary No No No No No
   No. of Weeks 52 52 52 52 52
   Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)
 
   Audit Qualification No No No No No
 
1  Turnover 15,640,000 14,935,000 14,446,000 13,893,000 13,675,000
   Cost of Sales - - - - -
   Gross Profit - - - - -
2  Operating Profit 3,752,000 3,313,000 3,107,000 2,904,000 2,982,000
   Non Trading Income (119,000) 285,000 283,000 247,000 163,000
   Interest Payable 414,000 395,000 371,000 489,000 389,000
   Pre-tax Profit 3,219,000 3,203,000 3,019,000 2,662,000 2,756,000
   Taxation 1,488,000 1,102,000 1,027,000 926,000 951,000
   Profit After Tax 1,731,000 2,101,000 1,992,000 1,736,000 1,805,000
   Dividends Payable 1,220,000 3,510,000 1,184,000 1,108,000 1,039,000
   Retained Profit 486,000 (1,433,000) 802,000 623,000 728,000
 
   Value Added 9,779,160 9,067,744 8,723,920 8,741,608 8,986,544
 
BALANCE SHEET
 
   Date of Accounts 31/03/1998 31/03/1997 31/03/1996 31/03/1995 31/03/1994
   Consolidated Yes Yes Yes Yes Yes
   Subsidiary No No No No No
   No. of Weeks 52 52 52 52 52
   Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)
 
3  Tangible Fixed Assets 19,241,000 18,917,000 17,819,000 17,347,000 17,137,000
   Intangible Assets 0 0 0 0 0
   Total Fixed Assets 19,241,000 18,917,000 17,819,000 17,347,000 17,137,000
 
   Stocks 145,000 180,000 212,000 247,000 216,000
   Trade Debtors 1,801,000 1,757,000 1,548,000 1,171,000 1,115,000
   Cash 62,000 26,000 2,689,000 599,000 60,000
4  Miscellaneous Current Assets 2,220,000 4,478,000 1,447,000 2,263,000 4,194,000
   Total Current Assets 4,228,000 6,441,000 5,896,000 4,280,000 5,585,000
 
5  Creditors: Amounts falling
   due within one year		 6,962,000 9,641,000 6,089,000 5,090,000 5,486,000
 
   Total Assets less Current Liabilities 16,507,000 15,717,000 17,626,000 16,537,000 17,236,000
 
6  Total Long Term Liabilities 5,722,000 4,601,000 4,948,000 4,540,000 4,210,000
 
   Total Liabilities 12,684,000 14,242,000 11,037,000 9,630,000 9,696,000
 
7  Share Capital & Reserves 3,271,000 3,041,000 2,881,000 2,742,000 2,678,000
   P & L Account Reserve 7,514,000 8,075,000 9,797,000 9,255,000 10,348,000
   Revaluation Reserve 0 0 0 0 0
   Shareholders' Funds 10,785,000 11,116,000 12,678,000 11,997,000 13,026,000
   Capital Employed 16,507,000 15,717,000 17,626,000 16,537,000 17,236,000
 
   Net Worth 10,785,000 11,116,000 12,678,000 11,997,000 13,026,000
   Working Capital (2,734,000) (3,200,000) (193,000) (810,000) 99,000
 
   Contingent Liabilities - - 0 0 0
 
CASH FLOW
 
   Date of Accounts 31/03/1998 31/03/1997 31/03/1996 31/03/1995 31/03/1994
   Consolidated Yes Yes Yes Yes Yes
   Subsidiary No No No No No
   No. of Weeks 52 52 52 52 52
   Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)
 
   Net Cashflow from Operating Activities 6,076,000 6,192,000 5,834,000 5,113,000 4,914,000
   Net Cashflow from Return on Investment
   and Servicing of Finance		 (3,633,000) (1,437,000) (1,288,000) (1,407,000) (1,198,000)
   Net Cashflow before Financing (1,805,000) 134,000 (187,000) (330,000) 43,000
   Net Cashflow from Financing 1,794,000 (224,000) 215,000 (160,000) 328,000
   Increase in Cash (11,000) (90,000) 28,000 (490,000) 371,000
 
ACCOUNTS NOTES
 
   Date of Accounts 31/03/1998 31/03/1997 31/03/1996 31/03/1995 31/03/1994
   Consolidated Yes Yes Yes Yes Yes
   Subsidiary No No No No No
   No. of Weeks 52 52 52 52 52
   Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)
 
1  Exports - - - - -
 
2  Operating Profit is after
   charging the following
   Employees' Remuneration 3,290,000 3,161,000 3,105,000 3,352,000 3,486,000
   Directors' Remuneration 3,963 2,707 3,487 2,895 3,667
   Audit Fees 1,726 1,563 1,550 1,596 1,735
   Non Audit Fees 4,724 4,620 4,004 3,049 -
   Depreciation 2,395,000 2,265,000 2,189,000 2,137,000 2,156,000
 
   Average Number of Employees (actual) 129,200 129,600 135,200 148,900 165,700
 
3  Tangible Assets consist of:
   Fixed Assets 17,252,000 16,802,000 16,496,000 16,012,000 15,584,000
   Intermediate Assets 1,989,000 2,115,000 1,323,000 1,335,000 1,553,000
   which includes:
   -Due from Group, Non Current 181,000 20,000 0 0 -
 
4  Miscellaneous Current Assets includes:
   -Due from Group, Current 118,000 72,000 29,000 17,000 -
5  Creditors: Amounts falling due
   within one year consists of:
   Trade Creditors 1,971,000 1,858,000 1,732,000 1,177,000 1,117,000
a  Bank Overdraft 42,000 11,000 13,000 42,000 52,000
   Miscellaneous Current Liabilities includes: 4,949,000 7,772,000 4,344,000 3,871,000 4,317,000
b  -Bank Loans - Current Portion 32,000 0 0 0 0
c  -Other Short Term Finance, including: 846,000 518,000 339,000 171,000 749,000
     -Due to Group, Current 39,000 46,000 37,000 23,000 -
     -Due to Directors, Current 0 0 0 0 -
  -Other Current Liabilities 4,071,000 7,254,000 4,005,000 3,700,000 3,568,000
 
   Short Term Loans (a+b+c) 920,000 529,000 352,000 213,000 801,000
 
6  Total Long Term Liabilities consists of:
   Long Term Loans, which consists of: 3,889,000 2,693,000 3,322,000 3,361,000 3,199,000
   -Long Term Bank Loans 792,000 796,000 765,000 590,000 290,000
   -Other Long Term Finance, including: 3,097,000 1,897,000 2,557,000 2,771,000 2,909,000
     -Due to Group, Non Current 0 0 0 0 -
     -Due to Directors, Non Current 0 0 0 0 -
   Other Long Term Liabilities 1,833,000 1,908,000 1,626,000 1,179,000 1,011,000
 
7  Share Capital and Reserves consists of:
   Called Up Share Capital 1,603,000 1,589,000 1,573,000 1,559,000 1,553,000
   Sundry Reserves 1,668,000 1,452,000 1,308,000 1,183,000 1,125,000
 
INTERIMS
 
Date of Interims 30/09/1997 30/09/1996 30/09/1995
Consolidated Yes Yes Yes
No. of Weeks262626
Currency (£ '000) (£ '000) (£ '000)
 
Turnover 7,749,000 7,366,000 7,048,000
Net Interest 68,000 67,000 88,000
Pre-tax Profit 1,569,000 1,599,000 1,606,000
Taxation1,004,000 557,000 546,000
Profit After Tax 565,000 1,042,000 1,060,000
Dividends Payable 483,000 502,000 469,000
Retained Profits 84,000 528,000 585,000
 
BALANCE SHEET
Tangible Fixed Assets 16,820,000 16,451,000 16,121,000
Intangible Assets 0 0 0
Intermediate Assets2,260,0001,176,0001,111,000
Total Fixed Assets 19,080,000 17,627,000 17,232,000
 
Stocks 197,000 214,000 277,000
Trade Debtors 3,628,000 3,346,000 2,925,000
Cash 57,000 91,000 58,000
Miscellaneous Current Assets 1,435,000 2,619,000 2,486,000
Total Current Assets 5,317,000 6,270,000 5,746,000
 
Creditors: Amounts falling due within one year 7,453,000 5,784,000 5,218,000
Creditors After One Year Provision 5,637,000 4,641,000 4,894,000
Total Liabilities - - -
Called Up Share Capital 1,601,000 1,587,000 1,572,000
P & L Account Reserve - - -
Revaluation Reserve - - -
Other (Sundry) Reserves - - -
Shareholders' Funds 11,097,000 13,261,000 12,689,000
Minority Interests 210,000 211,000 177,000
 
CASHFLOW
Net Cashflow from Operations 2,642,000 2,917,000 2,804,000
Net Cashflow before Financing (1,789,000) 293,000 255,000
 
RATIOS
 
Date of Accounts 31/03/1998 31/03/1997 31/03/1996 31/03/1995 31/03/1994
Profit/Sales (%) 20.58 21.45 20.90 19.16 20.15
Profit/Capital Employed (%) 19.50 20.38 17.13 16.10 15.99
Profit/Total Assets (%) 13.72 12.63 12.73 12.31 12.13
Profit/Shareholders' Funds (%) 29.85 28.81 23.81 22.19 21.16
P & L Account Reserve/Total Assets (%) 32.02 31.84 41.31 42.79 45.54
 
Sales/Total Assets (%) 66.64 58.90 60.92 64.24 60.18
Sales/Fixed Assets 0.91 0.89 0.88 0.87 0.88
Sales/Total Fixed Assets (%) 81.28 78.95 81.07 80.09 79.80
Sales/Capital Employed 0.95 0.95 0.82 0.84 0.79
Working Capital/Sales (%) -17.48 -21.43 -1.34 -5.83 0.72
 
Stock Turnover 107.86 82.97 68.14 56.25 63.31
Credit Period (days) 42.03 42.94 39.11 30.76 29.76
Creditor Days (days) 46.00 45.41 43.76 30.92 29.81
Debtors/Total Assets (%) 7.67 6.93 6.53 5.41 4.91
Net Cash/Current Liabilities (%)0.290.1643.9510.940.15
Liquid Assets/Total Assets (%)17.4024.6923.9718.6523.63
 
Current Ratio0.610.670.970.841.02
Liquidity Ratio0.590.650.930.790.98
Creditors/Debtors1.091.061.121.011.00
Current Liabilities/Stocks48.0153.5628.7220.6125.40
Stocks/Working Capital (%)-5.30-5.63-109.84-30.49218.18
Current Assets/Total Assets (%)18.0225.4024.8619.7924.58
Profit/Current Liabilities (%)46.2433.2249.5852.3050.24
Sales/Current Liabilities2.251.552.372.732.49
 
Interest/Pre-Interest Profit (%)11.4010.9810.9415.5212.37
Total Debt/Net Worth (%)44.5928.9928.9829.7930.71
Bank Overdraft & Long Term
Liabilities/Net Worth		53.4441.4939.1338.1932.72
Long Term Debt/Net Worth (%)36.0624.2326.2028.0224.56
Long Term Liabilities/Net Worth0.530.410.390.380.32
Shareholders' Funds/Total Liabilities (%)85.0378.05114.87124.58134.34
Shareholders' Funds/Total Assets0.460.440.530.550.57
Net Worth/Total Assets (%)45.9543.8453.4655.4757.33
Net Worth/Total Assets - Intangibles (%)45.9543.8453.4655.4757.33
Net Worth/Total Fixed Assets (%)56.0558.7671.1569.1676.01
 
Bank Overdraft & Long Term
Liabilities/Working Capital (%)		-2.11-1.44-25.70-5.6643.05
Bank Overdraft & Long Term
Liabilities/Total Assets (%)		24.5618.1920.9221.1918.76
Total Debt/Working Capital-1.76-1.01-19.04-4.4140.40
Net Worth/Current Liabilities (%)154.91115.30208.21235.70237.44
P & L Account Reserve/Net Worth (%)69.6772.6477.2877.1479.44
Revaluation Reserve/Shareholders' Funds (%)--0.000.000.00
Bank Overdraft/Current Assets (%)0.990.170.220.980.93
 
Average Employee Remuneration (£)25,46424,39022,96622,51221,038
Wages/Sales (%)21.0421.1721.4924.1325.49
Profit per Employee (£)24,91524,71522,33017,87816,632
Sales per Employee (£)121,053115,239106,84993,30482,529
Capital Employed per Employee (£)127,763121,273130,370111,061104,019
Total Fixed Assets per Employee (£)148,924145,965131,797116,501103,422
Total Assets per Employee (£)181,649195,664175,407145,245137,127
 
Profit/Value Added (%)32.9235.3234.6130.4530.67
Value Added/Sales(%)62.5360.7160.3962.9265.72
Value Added per Employee (£)75,69069,96764,52658,70854,234
Value Added/Employee Remuneration (%)2.972.872.812.612.58
 
Exports/Sales (%)-----
Sales/Audit Fees9,061.419,555.349,320.008,704.897,881.84
Total Assets/Audit Fees13,597.3316,223.9315,300.0013,550.7513,096.25
 
GROWTH RATES
 
1 year2 year3 year4 year
Sales581314
Pre-tax Profit172117
Audit Fees10118-1
 
Directors' Remuneration4614378
Number of Employees-0-4-13-22
Employees' Remuneration46-2-6
 
Fixed Assets35811
Tangible Assets281112
Total Fixed Assets281112
Stocks-19-32-41-33
Trade Debtors3165462
Total Current Assets-34-28-1-24
Total Assets-7-193
 
Trade Creditors6146877
Short Term Loans7416133215
Total Current Liabilities-28143727
Net Cash33-99-96150
Shareholders' Funds-3-15-10-17
Net Worth-3-15-10-17
Long Term Loans44171622
Long Term Liabilities24162636
Capital Employed5-6-0-4
 
COMPANY/INDUSTRY COMPARISON
 
This comparison is based on the results of 390 companies in the same industrial sector: 64200 Telecommunications
 
CompanyIndustry Averages
31/03/1998LowerMedianUpper
PERFORMANCE
Profit/Sales (%) 20.58 -21.5 1.1 13.1
Profit/Capital Employed (%) 19.50 -14.0 13.8 45.7
Profit/Total Assets (%) 13.72 -12.0 1.4 15.4
Profit/Shareholders' Funds (%) 29.85 -8.1 24.6 85.2
 
TURNOVER
Sales/Total Assets (%) 66.64 44.8 112.1 232.0
Sales/Fixed Assets (%) 0.91 1.0 4.0 17.1
Working Capital/Sales (%) -17.48 13.5 -5.7 -32.8
Stock Turnover 107.86 16.9 52.1 118.5
Credit Period (days) 42.03 79.0 50.8 23.8
Creditor Days (days) 46.00 66.2 33.6 9.2
 
LIQUIDITY
Current Ratio 0.61 0.5 0.9 1.4
Liquidity Ratio 0.59 0.4 0.8 1.3
 
GEARING
Total Debt/Net Worth (%) 44.59 223.9 46.0 5.8
Shareholders' Funds/Total Assets 0.46 0.1 0.3 0.6
Long Term Debt/Net Worth (%) 36.06 43.9 0.3 0.0
Interest/Pre-Interest Profit (%) 11.40 10.8 2.3 0.0
Total Debt/Working Capital -1.76 1.7 0.3 0.0
 
EMPLOYEE
Average Employee Remuneration (£) 25,464 15,488 21,566 29,234
Wages/Sales (%) 21.04 28.4 20.1 11.4
Profit per Employee (£) 24,915 -27,773 350 13,000
Sales per Employee (£) 121,053 66,279 107,571 198,068
Capital Employed per Employee (£) 127,763 4,862 4,862 4,862
Total Fixed Assets per Employee (£) 148,924 7,250 30,818 122,748
Total Assets per Employee (£) 181,649 48,625 115,000 309,167
 
OTHER
Creditors/Debtors 1.09 0.4 1.1 1.9
Debtors/Total Assets (%) 7.67 3.0 21.1 40.3
Current Liabilities/Stocks 48.01 4.0 13.3 32.5
Exports/Sales (%) - 0.0 0.0 0.0
Sales/Audit Fees 9,061.41 278.0 539.4 1,313.7
Total Assets/Audit Fees 13,597.33 172.4 478.4 1,853.1
 
FILING HISTORY
 
04/11/1998Returns of allotments of a public company
08/10/1998Change among the directors of a company
29/07/1998Alteration in memorandum or articles of association
03/10/1997Notification (given under section 122) of the redemption of shares
30/07/1997Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)
12/08/1992Special resolutions passed under section 95 disapplication of pre-emption rights
06/01/1992Memorandum of satisfaction
 
DIRECTORS
 
COMPANY SECRETARY
 
COLIN RAYMOND GREEN
Appointment Date: 01/08/1994
Date of Birth: 16/04/1949
Occupation/Function: COMPANY SECRETARY
Address: 131 SHAKESPEARE TOWER, BARBICAN, LONDON, EC2Y 8DR
Present Directorships: 5
Resignations Since June 1996: 1
 
DIRECTORS
 
HELEN ALEXANDER
Appointment Date: 01/06/1998
Date of Birth: 10/02/1957
Occupation/Function: DIRECTOR OF COMPANIES
Address: 4 REGENTS PARK TERRACE, CAMDEN, LONDON, NW1 7EE
Present Directorships: 14
Resignations Since June 1996: 1
 
JAMES IAIN WALKER ANDERSON
Appointment Date: 01/11/1995
Date of Birth: 30/06/1938
Occupation/Function: MANAGER
Address: 38 CHESTER ROW, LONDON, SW1W 8JP
Present Directorships: 3
Resignations Since June 1996: 1
 
MALCOLM ARGENT
Appointment Date: 09/08/1992
Date of Birth: 14/08/1935
Occupation/Function: NON EXECUTIVE DIRECTOR
Address: CHESTNUTS, FRYERNING LANE FRYERNING, INGATESTONE, ESSEX, CM4 0DF
Present Directorships: 5
Resignations Since June 1996: 1
 
SIR PETER LEAHY BONFIELD CBE
Appointment Date: 01/01/1996
Date of Birth: 03/06/1944
Occupation/Function: CHIEF EXECUTIVE
Address: TRUCHAS HOUSE, TOWPATH, SHEPPERTON, MIDDLESEX, TW17 9LL
Present Directorships: 4
Resignations Since June 1996: 1
 
ROBERT PAUL BRACE
Appointment Date: 01/10/1993
Date of Birth: 31/01/1950
Occupation/Function: ACCOUNTANT
Address: 13 DEVONSHIRE PLACE, LONDON, W1N 1PB
Present Directorships: 4
Resignations Since June 1996: 1
 
MR WILLIAM COCKBURN CBE TD
Appointment Date: 01/04/1998
Date of Birth: 28/02/1943
Occupation/Function: DIRECTOR OF COMPANIES
Address: 9 AVENUE ROAD, FARNBOROUGH, HAMPSHIRE, GU14 7BW
Present Directorships: 5
Resignations Since June 1996: 8
 
SIR EWEN ALASTAIR JOHN FERGUSSON MA GCMG GCVO
Appointment Date: 24/05/1993
Date of Birth: 28/10/1932
Occupation/Function: DIRECTOR
Address: 111 IVERNA COURT, LONDON, W8 6TX
Present Directorships: 16
Resignations Since June 1996: 3
 
EDWARD NEVILLE ISDELL
Appointment Date: 01/07/1998
Date of Birth: 08/06/1943
Occupation/Function: CEO
Address: FLAT 5 CADOGAN SQUARE, LONDON, SW1X 0JS
Present Directorships: 4
Resignations Since June 1996: 0
 
SIR LORD MARSHALL OF KNIGHTSBRIDGE
Appointment Date: 01/04/1995
Date of Birth: 16/11/1933
Occupation/Function: CHAIRMAN BRITISH AIRWAYS
Address: 21 MONTPELIER SQUARE, LONDON, SW7 1JR
Present Directorships: 13
Resignations Since June 1996: 7
 
JOHN KEITH OATES
Appointment Date: 01/06/1994
Date of Birth: 03/07/1942
Occupation/Function: MANAGING DIRECTOR
Address: MICHAEL HOUSE, 47-67 BAKER HOUSE, LONDON, W1A 1DN
Present Directorships: 16
Resignations Since June 1996: 0
 
SIR IAIN DAVID THOMAS VALLANCE
Appointment Date: 09/08/1992
Date of Birth: 20/05/1943
Occupation/Function: CHAIRMAN
Address: THE HAWTHORNS 22 DULWICH WOOD AVENUE, LONDON, SE19 1HD
Present Directorships: 4
Resignations Since June 1996: 0
 
SIR JOHN WESTON KCMG
Appointment Date: 01/10/1998
Date of Birth: 13/04/1938
Occupation/Function: RETIRED DIPLOMAT
Address: 13 DENBIGH GARDENS, RICHMOND, SURREY, TW10 6EN
Present Directorships: 2
Resignations Since June 1996: 0
 

 

Report Generated: Feb 03, 1998

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