UK Data Ltd Full Report

ALAMO GROUP EUROPE LIMITED

Statutory Information
Previous Name(s):	ALAMO GROUP (EUR) LIMITED (until 15/01/2007) DEALPLOT LIMITED (until 22/11/1991)
Registered Number:	02649656
Incorporation Date:	27/09/1991

Registered Office:	ALAMO GROUP EUROPE LIMITED
	STATION ROAD SALFORD PRIORS
	EVESHAM
	WORCESTERSHIRE WR11 8SW
	WR11 8SW

Latest Filed Accounts:	31/12/2006	Date Accounts Lodged:	17/10/2007
Analysed Accounts:	31/12/2006	Accounts Ref. Date:	31/12
Latest Annual Return:	13/04/2008	Issued Capital: (GBP)	2,758,745
Company Status:	Large	Type of Accounts:	Group

Region:	WEST MIDLANDS
Bankers:	30-00-03 LLOYDS TSB BANK PLC
Auditors:	Ernst & Young LLP
Audit Opinion or Qualification:	The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2006.
Principal Activities:	A group engaged in the design, manufacture and marketing of agricultural and industrial machinery.

UK SIC Code(s):	29320 Manufacture of other agricultural and forestry machinery
	29560 Manufacture of other special purpose machinery not elsewhere classified
	51660 Wholesale of agricultural machinery and accessories and implements, including tractors
	51650 Wholesale of other machinery for use in industry, trade and navigation

Score Key
Risk Information (what is this?)
Risk Score		Credit Limit (GBP)
Todays:	70	Todays:	2,500,000
Previous:	69 until (09/03/2008)	Previous:	2,500,000 until (09/03/2008)
Historical Trend		Contract Limit (GBP):	9,000,000
	66 until (31/12/2006)
	64 until (31/12/2005)
	63 until (31/12/2004)
	64 until (31/12/2003)
0 - 35	Caution. High Risk Potential.
36 - 50	Caution. Moderate Risk Potential. Measured Exposure.
51 - 60	Normal. Limited Risk Potential. Normal Terms.
61 - 100	Confidence. Low Risk Potential.

The company has been established for more than 16 years.

The period to 31/12/2006 saw a slight increase in Sales from £63,334,000 to £64,530,000.

Pre-Tax Profits decreased from £4,409,000 to £3,731,000.

The resultant Profit Margin of 5.78% (previous = 6.96%) compares favourably with the industry average of 3.64%.

Shareholders Funds increased from £28,993,000 to £31,274,000, whilst Total Assets increased from £50,468,000 to £50,926,000.

The resultant Gearing Ratio of 0.61 (Previous = 0.57) compares favourably with the industry average of 0.48.

This company operates in a sector which has historically generated a much higher level of insolvency relative to the total population.

County Court judgements Summary:	Number of exact unsatisfied CCJs: None
	Number of probable unsatisfied CCJs: None
	Number of possible unsatisfied CCJs: None

Group Structure
Ownership
Holding Company:	Alamo Group Inc. [United States of America]
Ultimate Holding Company:	ALAMO GROUP INC. [United States of America]

All immediate shareholdings on UK Data Ltd's Database by Turnover
Name	Share Class	% Held	Sales ('000)	A/c Date	Status
ALAMO MANUFACTURING SERVICES (UK) LIMITED	ORDINARY	100.00	17,145	31/12/2006	Trading
MCCONNEL LIMITED	ORDINARY	100.00	15,670	31/12/2006	Trading
SPEARHEAD MACHINERY LIMITED	ORDINARY	100.00	7,165	31/12/2006	Trading

Share Capital Structure
Class of Shares	Par Value (pence)	Number of Shares	Issued Capital
ORDINARY	100.000	2758745	2,758,745
Total Issued Capital			£2,758,745

Shareholders
Shareholder Name & Address	Share Class	No. of Shares	Issued Capital (£)	Shareholding No.
Alamo Group Inc. 1502 East Walnut Street, Seguin, Texas	ORDINARY	2,758,745	2,758,745	1

Shareholders

Shareholder Name & Address

Share Class

No. of Shares

Issued Capital (£)

Shareholding No.

Alamo Group Inc.

1502 East Walnut Street,

Seguin,

Texas

ORDINARY

2,758,745

Summary of Mortgages, Charges and Satisfactions
Total number of mortgages and charges:	2
Total number of outstanding charges:	2
Total number of fully satisfied charges:	0
Date of most recent mortgage:	21/02/2007

Details of Latest Five Mortgages, Charges and Satisfactions
Charge Number:	1 of 2
Date Charge Registered:	21/02/2007
Charge Type:	A DEED OF ADMISSION TO AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT - LLOYDS TSB BANK PLC
Latest Form Type:	395
Date Charge Created:	27/02/2007
Lender:	LLOYDS TSB BANK PLC
Secured on:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIES OR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK'S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OFTHE COMPANIES OR ANY OF THEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

Charge Number:	2 of 2
Date Charge Registered:	13/05/2005
Charge Type:	AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT - LLOYDS TSB BANK PLC
Latest Form Type:	395
Date Charge Created:	18/05/2005
Lender:	LLOYDS TSB BANK PLC
Secured on:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIES OR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK'S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OFTHEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

Profit & Loss Account
Date of Accounts	31/12/2006	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Consolidated	Y	Y	Y	Y	Y
Subsidiary	Y	Y	Y	Y	Y
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)
Audit Qual./Comment	No	No	No	No	No

Turnover [1]	64,530	63,334	54,258	41,482	32,165
Cost of Sales	47,160	44,564	37,526	27,689	21,286
Gross Profit	17,370	18,770	16,732	13,793	10,879
Operating Profit [2]	3,855	4,540	4,892	3,831	3,616
Non-Trading Income	404	428	-27	-223	-80
Interest Payable	528	559	494	251	271
Pre-Tax Profit	3,731	4,409	4,371	3,357	3,265
Taxation	1,322	1,477	1,379	1,310	1,095
Profit After Tax	2,409	2,932	2,992	2,047	2,170
Retained Profit	2,408	2,931	2,991	2,046	2,169

Value Added	20,428	21,465	18,959	14,900	12,333

Balance Sheet
Date of Accounts	31/12/2006	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Consolidated	Y	Y	Y	Y	Y
Subsidiary	Y	Y	Y	Y	Y
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)

Tangible Fixed Assets [3]	12,020	12,127	12,440	7,223	7,042
Intangible Assets	3,185	3,775	2,094	2,254	2,638
Total Fixed Assets	15,205	15,902	14,534	9,477	9,680

Stocks	12,065	12,262	9,822	7,491	6,931
Trade Debtors	16,017	15,164	12,650	9,428	7,993
Cash	1,971	2,268	1,986	1,054	1,888
Miscellaneous Current Assets [4]	5,668	4,872	7,680	8,206	6,497
Total Current Assets	35,721	34,566	32,138	26,179	23,309

Creditors: Amounts falling due within 1 year [5]	13,869	15,332	14,154	9,612	9,199

Total Assets less Current Liabilities	37,057	35,136	32,518	26,044	23,790

Total Liabilities	19,652	21,475	20,438	12,500	12,129

Share Capital & Reserves [7]	2,759	2,759	2,759	2,759	2,759
P & L Account Reserve	28,515	26,234	23,475	20,397	18,101
Revaluation Reserve	0	0	0	0	0
Shareholders Funds	31,274	28,993	26,234	23,156	20,860
Capital Employed	37,057	35,136	32,518	26,044	23,790

Net Worth	28,089	25,218	24,140	20,902	18,222
Working Capital	21,852	19,234	17,984	16,567	14,110

Contingent Liabilities	-	-	0	0	0

Cash Flow
Date of Accounts	31/12/2006	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Consolidated	Y	Y	Y	Y	Y
Subsidiary	Y	Y	Y	Y	Y
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)

Net Cash Flow from Operating Activities	-	-	-	-	-
Net Cash Flow from Return on Investment and Servicing of Finance	-	-	-	-	-
Net Cash Flow before Financing	-	-	-	-	-
Net Cash Flow from Financing	-	-	-	-	-
Increase in cash	-	-	-	-	-

Account Notes
Date of Accounts	31/12/2006	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Consolidated	Y	Y	Y	Y	Y
Subsidiary	Y	Y	Y	Y	Y
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)

[2] Operating Profit is after charging the following
Employees Remuneration	14,123	14,360	11,872	9,400	7,388
Directors Remuneration	313	331	282	270	219
Audit Fees	133	132	165	108	81
Non-Audit Fees	65	43	47	13	28
Depreciation	981	1,072	960	691	561

Average Number of Employees (actual)	704	724	635	499	389

[3] Tangible Assets consist of
Fixed Assets	12,020	12,127	12,440	7,223	7,042
Intermediate Assets	0	0	0	0	0
which includes:
-Due from Group, Non-Current	0	0	0	0	0

[4] Miscellaneous Current Assets includes:
-Due from Group, Current	4,940	4,286	7,065	7,716	5,809

[5] Creditors: Amounts falling due within one year consists of:
Trade Creditors	6,747	7,812	6,270	4,171	3,839
a Bank Overdraft	1,079	1,052	1,468	470	162
Miscellaneous Current Liabilities includes:	6,043	6,468	6,416	4,971	5,198
b -Bank Loans - Current Portion	0	0	0	0	0
c Other Short-Term Finance, including:	1,228	1,416	1,535	1,992	1,998
-Due to Group, Current	817	1,007	967	1,855	1,875
-Due to Directors, Current	0	0	0	0	0

Short-Term Loans (a+b+c)	2,307	2,468	3,003	2,462	2,160

[6] Total Long-Term Liabilities consists of:
Long-Term Loans, which consists of:	3,667	4,158	4,687	2,141	2,117
-Long-Term Bank Loans	0	0	0	0	0
-Other Long-Term Finance including:	3,667	4,158	4,687	2,141	2,117
-Due to Group, Non-Current	1,887	1,924	1,983	1,974	1,826
-Due to Directors, Non-Current	0	0	0	0	0
Other Long-Term Liabilities	2,116	1,985	1,597	747	813

[7] Share Capital and Reserves consists of:
Called-up Share Capital	2,759	2,759	2,759	2,759	2,759
Sundry Reserves	0	0	0	0	0

Ratios
Date of Accounts	31/12/2006	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Acid Ratio	1.71	1.45	1.58	1.94	1.78
Profit/Capital Employed	10.07	12.55	13.44	12.89	13.72
Current Liquidity	2.58	2.25	2.27	2.72	2.53
Profit/Sales (%)	5.78	6.96	8.06	8.09	10.15
Interest Burden	12.40	11.25	10.15	6.96	7.66
Stock Turnover (days)	68.24	70.67	66.07	65.91	78.65
Days Sales Outstanding (DSO)	90.60	87.39	85.10	82.96	90.70
Cash Cycle (days)	158.84	158.06	151.17	148.87	169.35
Days Purchases Outstanding (DPO)	52.22	63.98	60.99	54.98	65.83
Creditor Days	38.16	45.02	42.18	36.70	43.56
Profit/Total Assets (%)	7.33	8.74	9.37	9.41	9.90
Profit/ Shareholders Funds (%)	11.93	15.21	16.66	14.50	15.65
Sales/Total Assets (%)	126.71	125.49	116.25	116.34	97.50
Sales/Fixed Assets	5.37	5.22	4.36	5.74	4.57
Working Capital/Sales (%)	33.86	30.37	33.15	39.94	43.87
Total Debt/Net worth (%)	21.27	26.27	31.86	22.02	23.47
Shareholders Funds/Total Assets	0.61	0.57	0.56	0.65	0.63
Long-term Debt/Net Worth (%)	13.05	16.49	19.42	10.24	11.62
Interest/Pre-interest Profit	12.40	11.25	10.15	6.96	7.66
Total Debt/Working Capital (%)	0.27	0.34	0.43	0.28	0.30
Average Employee Remuneration (£)	20,061	19,834	18,696	18,838	18,992
Wages/Sales (%)	21.89	22.67	21.88	22.66	22.97
Profit per Employee (£)	5,300	6,090	6,883	6,727	8,393
Sales per Employee (£)	91,662	87,478	85,446	83,130	82,686
Capital Employed per Employee (£)	52,638	48,530	51,209	52,192	61,157
Total Fixed Assets per Employee (£)	21,598	21,964	22,888	18,992	24,884
Total Assets per Employee (£)	72,338	69,707	73,499	71,455	84,805
Creditors/Debtors	0.42	0.52	0.50	0.44	0.48
Debtors/Total Assets (%)	31.45	30.05	27.10	26.44	24.23
Current Liabilities/Stocks	1.15	1.25	1.44	1.28	1.33
Exports/Sales (%)	-	67.63	-	-	-
Sales/Audit Fees	485.19	479.80	328.84	384.09	397.10
Total Assets/ Audit Fees	382.90	382.33	282.86	330.15	407.27

Growth Rates
	1 year	2 year	3 year	4 year
Turnover	1.9	18.9	55.6	100.6
Pre-tax Profit	-15.4	-14.6	11.1	14.3
Audit Fees	0.8	-19.4	23.1	64.2
Directors Remuneration	-5.4	11.0	15.9	42.9
Number of Employees	-2.8	10.9	41.1	81.0
Employees Remuneration	-1.7	19.0	50.2	91.2
Fixed Assets	-0.9	-3.4	66.4	70.7
Tangible Assets	-0.9	-3.4	66.4	70.7
Total Fixed Assets	-4.4	4.6	60.4	57.1
Stocks	-1.6	22.8	61.1	74.1
Trade Debtors	5.6	26.6	69.9	100.4
Total Current Assets	3.3	11.1	36.4	53.2
Total Assets	0.9	9.1	42.8	54.4
Trade Creditors	-13.6	7.6	61.8	75.7
Short-Term Loans	-6.5	-23.2	-6.3	6.8
Total Current Liabilities	-9.5	-2.0	44.3	50.8
Net Cash	-26.6	72.2	52.7	-48.3
Shareholders Funds	7.9	19.2	35.1	49.9
Net Worth	11.4	16.4	34.4	54.1
Long-Term Loans	-11.8	-21.8	71.3	73.2
Long-Term Liabilities	-5.9	-8.0	100.2	97.4
Capital Employed	5.5	14.0	42.3	55.8

Company/Industry Comparison
This comparison is based on the results of 393 companies in the same industrial sector: 29320 Manufacture of other agricultural and forestry machinery
	Company	Industry Averages
	31/12/2006	Lower	Median	Upper
Performance
Profit/Sales (%)	5.78	0.39	3.64	11.18
Profit/Capital Employed (%)	10.07	1.39	9.69	16.72
Profit/Total Assets (%)	7.33	0.13	5.26	10.91
Profit/Shareholders Funds (%)	11.93	2.73	11.99	25.22
Turnover
Sales/Total Assets (%)	126.71	98.96	137.00	204.00
Sales/Fixed Assets (%)	5.37	5.04	7.71	14.57
Working Capital/Sales (%)	33.86	33.86	13.01	1.92
Stock Turnover (days)	68.24	121.00	73.00	52.00
Credit Period (days)	90.60	69.89	47.96	25.58
Creditor Days	38.16	52.46	35.59	20.76
Liquidity
Current Ratio	2.58	0.96	1.40	2.68
Liquidity Ratio	1.71	0.46	0.89	1.73
Gearing
Total Debt/Net Worth (%)	21.27	95.89	37.85	2.38
Shareholders Funds/Total Assets	0.61	0.24	0.48	0.72
Long Term Debt/Net Worth (%)	13.05	19.58	0.34	0.00
Interest/Pre-interest Profit	12.40	41.67	8.48	0.15
Total Debt/Working Capital	0.27	1.50	0.35	0.04
Employee
Average Employee Remuneration (£)	20,061	19,632	22,400	27,125
Wages/Sales (%)	21.89	25.38	19.43	14.40
Profit per Employee (£)	5,300	-1,615	2,390	8,085
Sales per Employee (£)	91,662	73,792	125,429	220,110
Capital Employed per Employee (£)	52,638	26,000	36,802	72,782
Total Fixed Assets per Employee (£)	21,598	9,064	21,257	39,179
Total Assets per Employee (£)	72,338	53,130	91,262	137,009
Other
Creditors/Debtors	0.42	0.63	1.13	1.91
Debtors/Total Assets (%)	31.45	13.65	26.33	40.91
Current Liabilities/Stocks	1.15	1.07	1.73	3.58
Exports/Sales (%)	-	0.00	10.17	23.34
Sales/Audit Fees	485.19	513.20	812.25	1,243.86
Total Assets/Audit Fees	382.90	367.04	485.13	880.60

Filing History
27/02/2007	Particulars of a mortgage or charge
18/05/2005	Particulars of a mortgage or charge
21/06/2002	Change among directors of a company
16/12/1994	Alteration in memorandum or articles of association
16/12/1994	Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securites)

Officers Company Secretaries
EDWARD TIMOTHY MADDEN
Appointment Date:	31/12/1993
Date of Birth:	11/06/1957
Occupation:	DIRECTOR
Address:	9 POPLAR PIECE, INKBERROW, WORCESTER, WORCESTERSHIRE, WR7 4JD

Current Directors
EDWARD TIMOTHY MADDEN
Appointment Date:	31/12/1993
Date of Birth:	11/06/1957
Occupation:	DIRECTOR
Address:	9 POPLAR PIECE, INKBERROW, WORCESTER, WORCESTERSHIRE, WR7 4JD

RONALD ALAN ROBINSON
Appointment Date:	07/07/1999
Date of Birth:	23/03/1952
Occupation:	DIRECTOR
Address:	18 PORTALES ROAD, COLORADO SPRINGS, COLORADO 80906
Present Appointment Details:	ALAMO MANUFACTURING SERVICES (UK) LIMITED (RISK SCORE=87) MCCONNEL LIMITED (RISK SCORE=86) ALAMO GROUP EUROPE LIMITED (RISK SCORE=70)

GEOFFREY DAVIES
Appointment Date:	31/12/1993
Date of Birth:	23/12/1947
Occupation:	MANAGING DIRECTOR
Address:	BROCKHURST COURT, LEE BROCKHURST, SHROPSHIRE, SY4 5QH
Present Appointment Details:	ALAMO MANUFACTURING SERVICES (UK) LIMITED (RISK SCORE=87) MCCONNEL LIMITED (RISK SCORE=86) BOMFORD TURNER LIMITED (RISK SCORE=Not scored) AGRICULTURAL ENGINEERS ASSOCIATION(THE) (RISK SCORE=92) SHROPSHIRE CHAMBER LIMITED (RISK SCORE=87) BOMFORD & EVERSHED LIMITED (RISK SCORE=Not scored) TURNER INTERNATIONAL (ENGINEERING) LIMITED (RISK SCORE=Not scored) TWOSE OF TIVERTON LIMITED (RISK SCORE=75) SPEARHEAD MACHINERY LIMITED (RISK SCORE=73) SHROPSHIRE CHAMBER OF COMMERCE AND ENTERPRISE LIMITED (RISK SCORE=76) ALAMO GROUP EUROPE LIMITED (RISK SCORE=70) DAVIES BROWNE ENGINEERING SERVICES LIMITED (RISK SCORE=Suspended)

Previous Directors
DONALD JAMES DOUGLASS
Resignation Date:	20/06/2002
Date of Birth:	28/12/1931
Occupation:	COMPANY DIRECTOR
Address:	330 ARGYLE AVENUE, SAN ANTONIO, TEXAS, 7820 9

ORAN FRANKLIN LOGAN
Resignation Date:	21/09/1999
Date of Birth:	17/07/1943
Occupation:
Address:	919 FM 466, SEGUIN, TEXAS, 7815 5

UK Data Ltd Full Report

ALAMO GROUP EUROPE LIMITED

Statutory Information

Risk Information (what is this?)

Risk Score

Credit Limit (GBP)

Ownership

Profit & Loss Account

Balance Sheet

Cash Flow

Account Notes

Ratios

Growth Rates

Company/Industry Comparison

Filing History

Officers

Company Secretaries

Current Directors

Previous Directors

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