Statutory Information |
|
| Previous Name(s): |
BALMORAL GLASSFIBRE LIMITED (until 21/06/1984) |
|---|---|
| Registered Number: | SC072544 |
| Incorporation Date: | 16/09/1980 |
| Registered Office: | BALMORAL PARK |
|---|---|
| LOIRSTON | |
| ABERDEEN | |
| AB12 3GY |
| Latest Filed Accounts: | 31/03/2003 | Date Accounts Lodged: | 02/07/2003 |
|---|---|---|---|
| Analysed Accounts: | 31/03/2003 | Accounts Ref. Date: | 31/03 |
| Latest Annual Return: | 15/03/2004 | Issued Capital: (GBP) | 250,000 |
| Company Status: | Large | Type of Accounts: | Group |
| Trading Address: | - |
|---|
| Telephone Number: | 01224859000 | Fax Number: | - |
|---|
| Region: | NORTH SCOTLAND |
|---|---|
| Bankers: | |
| Auditors: | KPMG 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 31/03/2003. |
| Principal Activities: | A group engaged in the design and manufacture of a range of products and the provision of marine equipment for hire or sale. |
| UK SIC Code(s): | 35110 Building and repairing of ships |
|---|---|
| 71340 Renting of other machinery and equipment not elsewhere classified | |
| 51650 Wholesale of other machinery for use in industry, trade and navigation |
Risk Information |
|||
Risk Score |
Credit Limit (GBP) |
||
| Todays: | 39 | Todays: | 60,000 |
|---|---|---|---|
| until: | 01/09/2004 | until: | 01/09/2004 |
| Previous: | 48 | Previous: | 190,000 |
| Historical Trend | Contract Limit (GBP): | 1,000,000 | |
| 31/03/2003 | 39 | ||
| 31/12/2001 | 9 | ||
| 31/12/2000 | 61 | ||
| 31/12/1999 | 72 | ||
| Score Key | |||
| 1 - 40 | Caution. High Risk Potential. | ||
| 41 - 50 | Caution. Moderate Risk Potential. Measured Exposure. | ||
| 51 - 57 | Normal. Limited Risk Potential. Normal Terms. | ||
| 58 - 100 | Confidence. Low Risk Potential. | ||
|
The latest accounts were filed in time but the previous accounts were late. The filing history of the company would suggest that the 30/03/2004 accounts should have been lodged by 01/07/2004. The period to 31/03/2003 saw a significant decrease in Annualised Sales from £41,312,000 to £40,949,000. The latest period saw an Annualised Profit of £539,000 achieved following a Loss of £5,591,000. The resultant Profit Margin of 1.32% (previous = -13.53%) compares unfavourably with the industry average of 3.11%. Shareholders Funds increased from £3,678,000 to £8,186,000, whilst Total Assets decreased from £44,666,000 to £39,393,000. The resultant Gearing Ratio of 0.21 (Previous = 0.08) compares unfavourably with the industry average of 0.41. CCJ information has been linked to this company - please see the list. |
| County Court Judgments Summary: | Number of exact unsatisfied CCJs: 1 Totalling: £41.00 |
|---|---|
| Number of probable unsatisfied CCJs: None | |
| Number of possible unsatisfied CCJs: None |
| Cumulative Total of Exact CCJs over: | 3 Months | 6 Months | 12 Months |
|---|---|---|---|
| GBP | GBP | GBP | |
| Exact Match | 0.00 | 0.00 | 0.00 |
| Probable Match | - | - | - |
| Possible Match | - | - | - |
| Latest Ten Judgments |
|---|
| On 17/02/2003, a judgment of £49032.00 was made in WALSALL court (Case No. WJ285035) against BALMORAL GROUP LIMITED , R/O BALMORAL PARK, LOIRSTON, ABERDEEN, AB12 3GY, Ref. No. 2102301355 (exact match). Satisfied |
| On 10/09/2002, a judgment of £41.00 was made in CHELTENHAM court (Case No. CN022871) against BALMORAL GROUP LTD , BALMORAL PARK, LOIRSTON, ABERDEEN, KINCARDINESHIRE, AB12 3GY, Ref. No. 1209201070 (exact match). |
Ownership |
|
| Group Structure | |
|---|---|
| Holding Company: | None |
| Ultimate Holding Company: | None |
| All immediate shareholdings on UK Data Ltd's Database by Turnover | |||||
|---|---|---|---|---|---|
| Name | Share Class | % Held | Sales ('000) | A/c Date | Status |
| BALMORAL MARINE LIMITED | ORDINARY A | 100.00 | 9,844 | 31/03/2003 | Trading |
| BALMORAL TRIDENT PROJECTS LIMITED | A | 100.00 | 7 | 31/03/2003 | Trading |
| BALMORAL INTELLECTUAL PROPERTIES LIMITED | ORDINARY | 100.00 | 1 | 31/12/1997 | Non Trading |
| BALMORAL GROUP INTERNATIONAL HOLDINGS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2003 | Trading |
| HB HORSELEY BRIDGE TANKS LIMITED | ORDINARY | 100.00 | - | - | Not Analysed |
| BALMORAL NAVIGATIONAL AIDS LIMITED | ORDINARY | 99.50 | - | - | Non Trading |
| BALMORAL POLYMER ENGINEERING LIMITED | ORDINARY | 99.50 | - | - | Non Trading |
| BALMORAL WEBCO LTD. | ORDINARY | 50.00 | - | - | Non Trading |
| BALMORAL COMPOSITES LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| Share Capital Structure | |||
|---|---|---|---|
| Class of Shares | Par Value (pence) | Number of Shares | Issued Capital |
| ORDINARY | 100.000 | 250000 | 250,000 |
| Total Issued Capital | £250,000 | ||
| Shareholders | ||||
|---|---|---|---|---|
| Shareholder Name & Address | Share Class | No. of Shares | Issued Capital (£) | Shareholding No. |
|
Trustees Of James S Milne Childrens Trust C/O J S Milne, Ardbeck House, North Deeside Road, Milltimber, Aberdeen, AB1 0AB |
ORDINARY | 25,000 | 25,000 | 2 |
|
James Smith Milne Ardbeck House, North Deeside Road, Milltimber, Aberdeen, AB1 0AB |
ORDINARY | 225,000 | 225,000 | 1 |
| Summary of Mortgages, Charges and Satisfactions | |
|---|---|
| Total number of mortgages and charges: | 6 |
| Total number of outstanding charges: | 6 |
| Total number of fully satisfied charges: | 0 |
| Date of most recent mortgage: | 17/02/2004 |
| Details of Latest Five Mortgages, Charges and Satisfactions | |
|---|---|
| Charge Number: | 1 of 6 |
| Date Charge Registered: | 17/02/2004 |
| Charge Type: | STANDARD SECURITY - THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Latest Form Type: | 410 |
| Date Charge Created: | 20/02/2004 |
| Lender: | THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Secured on: | ALL SUMS DUE, OR TO BECOME DUE |
| Details: | 5.105 ACRES OF GROUND IN THE PARISH OF NIGG, COUNTY OF KINCARDINE |
| Charge Number: | 2 of 6 |
|---|---|
| Date Charge Registered: | 26/01/1994 |
| Charge Type: | STANDARD SECURITY - UCB BANK PLC |
| Latest Form Type: | 410 |
| Date Charge Created: | 07/02/1994 |
| Lender: | UCB BANK PLC |
| Secured on: | ALL SUMS DUE, OR TO BECOME DUE |
| Details: | AREA OF GROUND AT WELLINGTON ROAD, ABERDEEN SEE CH MICROFICHE |
| Charge Number: | 3 of 6 |
|---|---|
| Date Charge Registered: | 20/01/1994 |
| Charge Type: | BOND & FLOATING CHARGE - UCB BANK PLC |
| Latest Form Type: | 410 |
| Date Charge Created: | 26/01/1994 |
| Lender: | UCB BANK PLC |
| Secured on: | ALL SUMS DUE, OR TO BECOME DUE |
| Details: | THE WHOLE OF THE PROPERTY PROVIDED AND DECLARING THAT THE ASSETS AND PROPERTY SECURED SHALL BE DEEMED TO COMPRISE ON THE ONE HAND THE SUBJECTS LYING GENERALLY TO THE WEST OF WELLINGTON ROAD, ABERDEEN ON WHICH FACTORY AND OTHER BUILDINGS TO BE RECORDED GRS(KINCARDINE) AND ON THE OTHER HAND THE WHOLE PROPERTY AND ASSETS AND UNDERTAKING (EXCEPT FOR THE FACTORY SUBJECTS) WHICH IS OR MAY FROM TIME TO TIME BE COMPRISED IN THE COMPANY'S PROPERTY AND UNDERTAKING |
| Charge Number: | 4 of 6 |
|---|---|
| Date Charge Registered: | 24/06/1992 |
| Charge Type: | STANDARD SECURITY - the GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Latest Form Type: | 410 |
| Date Charge Created: | 02/07/1992 |
| Lender: | the GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Secured on: | ALL SUMS DUE, OR TO BECOME DUE |
| Details: | TWO AREAS OF LAND AT NIGG KINCARDINE AND PLOT OF GROUND KNOWN AS LOCHSIDE LOIRSTON ABERDEEN |
| Charge Number: | 5 of 6 |
|---|---|
| Date Charge Registered: | 27/04/1992 |
| Charge Type: | FLOATING CHARGE - the GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Latest Form Type: | 410 |
| Date Charge Created: | 05/05/1992 |
| Lender: | the GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
| Secured on: | ALL SUMS DUE, OR TO BECOME DUE |
| Details: | UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL |
Profit & Loss Account |
|||||
| Date of Accounts | 31/03/2003 | 31/12/2001 | 31/12/2000 | 31/12/1999 | 31/12/1998 |
|---|---|---|---|---|---|
| Consolidated | Y | Y | Y | Y | Y |
| Subsidiary | N | N | N | N | N |
| No. of Weeks | 65 | 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] | 51,186 | 41,312 | 59,105 | 52,708 | 50,941 |
| Cost of Sales | 36,946 | 34,598 | 47,756 | 43,739 | 38,972 |
| Gross Profit | 14,240 | 6,714 | 11,349 | 8,969 | 11,969 |
| Operating Profit [2] | 4,164 | -3,612 | 2,182 | 255 | 2,946 |
| Non-Trading Income | 61 | 126 | 55 | 71 | 33 |
| Interest Payable | 3,551 | 2,105 | 1,951 | 1,419 | 1,477 |
| Pre-Tax Profit | 674 | -5,591 | 286 | -1,093 | 1,502 |
| Taxation | -278 | -625 | -93 | -456 | 560 |
| Profit After Tax | 952 | -4,966 | 379 | -637 | 942 |
| Retained Profit | 955 | -4,977 | 378 | -637 | 942 |
| Value Added | 28,935 | 11,702 | 20,533 | 15,158 | 17,593 |
Balance Sheet |
|||||
| Date of Accounts | 31/03/2003 | 31/12/2001 | 31/12/2000 | 31/12/1999 | 31/12/1998 |
|---|---|---|---|---|---|
| Consolidated | Y | Y | Y | Y | Y |
| Subsidiary | N | N | N | N | N |
| No. of Weeks | 65 | 52 | 52 | 52 | 52 |
| Currency | (GBP '000) | (GBP '000) | (GBP '000) | (GBP '000) | (GBP '000) |
| Tangible Fixed Assets [3] | 23,974 | 26,380 | 25,861 | 24,337 | 22,801 |
| Intangible Assets | 492 | 536 | 571 | 606 | 641 |
| Total Fixed Assets | 24,466 | 26,916 | 26,432 | 24,943 | 23,442 |
| Stocks | 4,046 | 4,469 | 4,434 | 4,731 | 5,137 |
| Trade Debtors | 9,182 | 12,194 | 11,385 | 7,943 | 12,296 |
| Cash | 190 | 139 | 177 | 681 | 662 |
| Miscellaneous Current Assets [4] | 1,509 | 948 | 1,546 | 840 | 1,546 |
| Total Current Assets | 14,927 | 17,750 | 17,542 | 14,195 | 19,641 |
| Creditors: Amounts falling due within 1 year [5] | 16,510 | 34,421 | 29,253 | 20,350 | 21,988 |
| Total Assets less Current Liabilities | 22,883 | 10,245 | 14,721 | 18,788 | 21,095 |
| Total Liabilities | 31,207 | 40,988 | 35,214 | 30,696 | 33,822 |
| Share Capital & Reserves [7] | 508 | 520 | 528 | 536 | 544 |
| P & L Account Reserve | 1,519 | 261 | 5,122 | 4,787 | 5,589 |
| Revaluation Reserve | 6,159 | 2,897 | 3,110 | 3,119 | 3,128 |
| Shareholders Funds | 8,186 | 3,678 | 8,760 | 8,442 | 9,261 |
| Capital Employed | 22,883 | 10,245 | 14,721 | 18,788 | 21,095 |
| Net Worth | 7,694 | 3,142 | 8,189 | 7,836 | 8,620 |
| Working Capital | -1,583 | -16,671 | -11,711 | -6,155 | -2,347 |
| Contingent Liabilities | 247 | 460 | 749 | 2,501 | 799 |
Cash Flow |
|||||
| Date of Accounts | 31/03/2003 | 31/12/2001 | 31/12/2000 | 31/12/1999 | 31/12/1998 |
|---|---|---|---|---|---|
| Consolidated | Y | Y | Y | Y | Y |
| Subsidiary | N | N | N | N | N |
| No. of Weeks | 65 | 52 | 52 | 52 | 52 |
| Currency | (GBP '000) | (GBP '000) | (GBP '000) | (GBP '000) | (GBP '000) |
| Net Cash Flow from Operating Activities | -1,990 | -1,246 | -2,264 | 7,110 | 753 |
| Net Cash Flow from Return on Investment and Servicing of Finance | -2,165 | -1,885 | -1,870 | -1,321 | -1,417 |
| Net Cash Flow before Financing | 5,965 | -2,286 | -7,449 | 3,622 | -5,300 |
| Net Cash Flow from Financing | 8,960 | -2,879 | -2,570 | -2,738 | 2,994 |
| Increase in cash | 14,925 | -5,165 | -10,019 | 884 | -2,306 |
Account Notes |
|||||
| Date of Accounts | 31/03/2003 | 31/12/2001 | 31/12/2000 | 31/12/1999 | 31/12/1998 |
|---|---|---|---|---|---|
| Consolidated | Y | Y | Y | Y | Y |
| Subsidiary | N | N | N | N | N |
| No. of Weeks | 65 | 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 | 15,435 | 10,901 | 13,774 | 10,976 | 10,928 |
| Directors Remuneration | 777 | 595 | 602 | 500 | 525 |
| Audit Fees | 46 | 57 | 52 | 53 | 44 |
| Non-Audit Fees | 227 | 34 | 38 | 50 | 26 |
| Depreciation | 7,731 | 3,279 | 3,145 | 2,785 | 2,582 |
| Average Number of Employees (actual) | 492 | 458 | 618 | 522 | 506 |
| [3] Tangible Assets consist of | |||||
| Fixed Assets | 19,737 | 26,380 | 25,861 | 24,337 | 22,801 |
| Intermediate Assets | 4,237 | 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 | 0 | 0 | 0 | 0 | 0 |
| [5] Creditors: Amounts falling due within one year consists of: | |||||
| Trade Creditors | 3,940 | 6,741 | 7,648 | 8,156 | 8,924 |
| a Bank Overdraft | 7,050 | 22,401 | 17,162 | 7,298 | 8,164 |
| Miscellaneous Current Liabilities includes: | 5,520 | 5,279 | 4,443 | 4,896 | 4,900 |
| b -Bank Loans - Current Portion | 973 | 1,590 | 1,711 | 1,643 | 1,317 |
| c Other Short-Term Finance, including: | 1,155 | 1,215 | 707 | 785 | 498 |
| -Due to Group, Current | 0 | 0 | 0 | 0 | 0 |
| -Due to Directors, Current | 0 | 0 | 0 | 0 | 0 |
| Short-Term Loans (a+b+c) | 9,178 | 25,206 | 19,580 | 9,726 | 9,979 |
| [6] Total Long-Term Liabilities consists of: | |||||
| Long-Term Loans, which consists of: | 14,686 | 4,690 | 5,007 | 6,923 | 8,542 |
| -Long-Term Bank Loans | 13,788 | 2,711 | 4,267 | 5,821 | 7,872 |
| -Other Long-Term Finance including: | 898 | 1,979 | 740 | 1,102 | 670 |
| -Due to Group, Non-Current | 0 | 0 | 0 | 0 | 0 |
| -Due to Directors, Non-Current | 0 | 0 | 0 | 0 | 0 |
| Other Long-Term Liabilities | 11 | 1,877 | 954 | 3,423 | 3,292 |
| [7] Share Capital and Reserves consists of: | |||||
| Called-up Share Capital | 250 | 250 | 250 | 250 | 250 |
| Sundry Reserves | 258 | 270 | 278 | 286 | 294 |
Ratios |
|||||
| Date of Accounts | 31/03/2003 | 31/12/2001 | 31/12/2000 | 31/12/1999 | 31/12/1998 |
|---|---|---|---|---|---|
| Acid Ratio | 0.66 | 0.39 | 0.45 | 0.47 | 0.66 |
| Profit/Capital Employed | 2.36 | -54.57 | 1.94 | -5.82 | 7.12 |
| Current Liquidity | 0.90 | 0.52 | 0.60 | 0.70 | 0.89 |
| Profit/Sales (%) | 1.32 | -13.53 | 0.48 | -2.07 | 2.95 |
| Interest Burden | 84.05 | -60.38 | 87.22 | 435.28 | 49.58 |
| Stock Turnover (days) | 36.06 | 39.48 | 27.38 | 32.76 | 36.81 |
| Days Sales Outstanding (DSO) | 81.84 | 107.74 | 70.31 | 55.00 | 88.10 |
| Cash Cycle (days) | 117.91 | 147.22 | 97.69 | 87.77 | 124.91 |
| Days Purchases Outstanding (DPO) | 48.66 | 71.12 | 58.45 | 68.06 | 83.58 |
| Creditor Days | 35.12 | 59.56 | 47.23 | 56.48 | 63.94 |
| Profit/Total Assets (%) | 1.37 | -12.52 | 0.65 | -2.79 | 3.49 |
| Profit/ Shareholders Funds (%) | 6.59 | -152.01 | 3.26 | -12.95 | 16.22 |
| Sales/Total Assets (%) | 103.95 | 92.49 | 134.41 | 134.67 | 118.24 |
| Sales/Fixed Assets | 2.07 | 1.57 | 2.29 | 2.17 | 2.23 |
| Working Capital/Sales (%) | -3.87 | -40.35 | -19.81 | -11.68 | -4.61 |
| Total Debt/Net worth (%) | 310.16 | 951.50 | 300.24 | 212.47 | 214.86 |
| Shareholders Funds/Total Assets | 0.21 | 0.08 | 0.20 | 0.22 | 0.21 |
| Long-term Debt/Net Worth (%) | 190.88 | 149.27 | 61.14 | 88.35 | 99.10 |
| Interest/Pre-interest Profit | 84.05 | -60.38 | 87.22 | 435.28 | 49.58 |
| Total Debt/Working Capital (%) | -15.08 | -1.79 | -2.10 | -2.70 | -7.89 |
| Average Employee Remuneration (£) | 25,098 | 23,801 | 22,288 | 21,027 | 21,597 |
| Wages/Sales (%) | 30.15 | 26.39 | 23.30 | 20.82 | 21.45 |
| Profit per Employee (£) | 1,096 | -12,207 | 463 | -2,094 | 2,968 |
| Sales per Employee (£) | 83,229 | 90,201 | 95,639 | 100,973 | 100,674 |
| Capital Employed per Employee (£) | 46,510 | 22,369 | 23,820 | 35,992 | 41,690 |
| Total Fixed Assets per Employee (£) | 49,728 | 58,769 | 42,770 | 47,784 | 46,328 |
| Total Assets per Employee (£) | 80,067 | 97,524 | 71,155 | 74,977 | 85,144 |
| Creditors/Debtors | 0.43 | 0.55 | 0.67 | 1.03 | 0.73 |
| Debtors/Total Assets (%) | 23.31 | 27.30 | 25.89 | 20.29 | 28.54 |
| Current Liabilities/Stocks | 4.08 | 7.70 | 6.60 | 4.30 | 4.28 |
| Exports/Sales (%) | - | - | - | - | - |
| Sales/Audit Fees | 890.19 | 724.77 | 1,136.63 | 994.49 | 1,157.75 |
| Total Assets/ Audit Fees | 856.37 | 783.61 | 845.65 | 738.45 | 979.16 |
Growth Rates |
||||
| 1 year | 2 year | 3 year | 4 year | |
| Turnover | -0.7 | -27.3 | -20.6 | -18.5 |
|---|---|---|---|---|
| Pre-tax Profit | - | 78.7 | - | -60.3 |
| Audit Fees | -15.4 | -10.3 | -12.2 | 4.3 |
| Directors Remuneration | 3.6 | 2.9 | 22.4 | 17.3 |
| Number of Employees | 5.9 | -18.1 | -5.3 | -2.6 |
| Employees Remuneration | 10.6 | -9.2 | 11.5 | 12.2 |
| Fixed Assets | -20.1 | -21.0 | -17.4 | -12.6 |
| Tangible Assets | -7.3 | -6.5 | -1.4 | 4.8 |
| Total Fixed Assets | -7.3 | -6.6 | -1.8 | 4.1 |
| Stocks | -7.6 | -7.8 | -13.4 | -20.0 |
| Trade Debtors | -19.8 | -17.2 | 14.4 | -23.8 |
| Total Current Assets | -12.7 | -13.3 | 4.8 | -22.6 |
| Total Assets | -9.4 | -9.3 | 0.6 | -8.1 |
| Trade Creditors | -33.2 | -43.1 | -47.7 | -52.6 |
| Short-Term Loans | -50.9 | -47.2 | -5.2 | -7.6 |
| Total Current Liabilities | -41.6 | -38.7 | -17.4 | -23.4 |
| Net Cash | - | - | - | - |
| Shareholders Funds | 98.1 | -5.8 | -2.8 | -10.9 |
| Net Worth | 115.9 | -5.4 | -1.7 | -10.1 |
| Long-Term Loans | 170.5 | 171.8 | 103.5 | 67.7 |
| Long-Term Liabilities | 99.0 | 130.3 | 38.8 | 22.8 |
| Capital Employed | 98.7 | 49.3 | 20.1 | 8.0 |
Company/Industry Comparison |
||||
|
This comparison is based on the results of 511 companies in the same industrial sector: 35110 Building and repairing of ships |
||||
| Company | Industry Averages | |||
|---|---|---|---|---|
| 31/03/2003 | Lower | Median | Upper | |
| Performance | ||||
| Profit/Sales (%) | 1.32 | -3.74 | 3.11 | 13.18 |
| Profit/Capital Employed (%) | 2.36 | -1.91 | 12.84 | 57.70 |
| Profit/Total Assets (%) | 1.37 | -4.26 | 3.42 | 16.33 |
| Profit/Shareholders Funds (%) | 6.59 | 0.00 | 18.06 | 66.56 |
| Turnover | ||||
| Sales/Total Assets (%) | 103.95 | 62.50 | 155.22 | 295.04 |
| Sales/Fixed Assets (%) | 2.07 | 4.77 | 7.61 | 28.33 |
| Working Capital/Sales (%) | -3.87 | 18.16 | 3.11 | -17.70 |
| Stock Turnover (days) | 36.06 | 121.00 | 28.00 | 7.00 |
| Credit Period (days) | 81.84 | 62.71 | 35.10 | 0.41 |
| Creditor Days | 35.12 | 43.15 | 20.07 | 0.69 |
| Liquidity | ||||
| Current Ratio | 0.90 | 0.75 | 1.18 | 2.13 |
| Liquidity Ratio | 0.66 | 0.41 | 0.94 | 1.71 |
| Gearing | ||||
| Total Debt/Net Worth (%) | 310.16 | 202.04 | 41.72 | 7.35 |
| Shareholders Funds/Total Assets | 0.21 | 0.19 | 0.41 | 0.69 |
| Long Term Debt/Net Worth (%) | 190.88 | 33.09 | 0.13 | 0.00 |
| Interest/Pre-interest Profit | 84.05 | 12.80 | 2.64 | 0.00 |
| Total Debt/Working Capital | -15.08 | 2.79 | 0.54 | 0.09 |
| Employee | ||||
| Average Employee Remuneration (£) | 25,098 | 19,944 | 22,544 | 25,934 |
| Wages/Sales (%) | 30.15 | 40.00 | 29.11 | 15.02 |
| Profit per Employee (£) | 1,096 | -742 | 1,861 | 6,250 |
| Sales per Employee (£) | 83,229 | 44,303 | 72,943 | 111,643 |
| Capital Employed per Employee (£) | 46,510 | 1,798 | 10,951 | 29,818 |
| Total Fixed Assets per Employee (£) | 49,728 | 2,500 | 8,275 | 23,270 |
| Total Assets per Employee (£) | 80,067 | 17,400 | 33,976 | 86,390 |
| Other | ||||
| Creditors/Debtors | 0.43 | 0.53 | 1.10 | 2.97 |
| Debtors/Total Assets (%) | 23.31 | 4.14 | 22.12 | 40.90 |
| Current Liabilities/Stocks | 4.08 | 1.64 | 3.11 | 10.04 |
| Exports/Sales (%) | - | 0.00 | 8.91 | 21.34 |
| Sales/Audit Fees | 890.19 | 359.50 | 768.07 | 1,198.56 |
| Total Assets/Audit Fees | 856.37 | 212.30 | 426.00 | 729.17 |
Filing History |
|
| 20/02/2004 | Particulars of a charge |
| 16/10/2003 | Change among the directors of a company |
| 23/12/2002 | Alteration in memorandum or articles of association |
| 29/07/2002 | Notification (given under section 122) of the redemption of shares |
| 16/10/2001 | Memorandum of satisfaction |
| 06/08/1998 | Memorandum of satisfaction |
| 15/02/1994 | Floating charge alteration |
| 07/02/1994 | Particulars of a charge |
| 26/01/1994 | Particulars of a charge |
| 07/09/1992 | Memorandum of satisfaction |
| WILLIAM JOHNSTON MUNRO | |
| Appointment Date: | 01/10/2003 |
| Date of Birth: | 28/09/1955 |
| Occupation: | DIRECTOR |
| Address: | 17 CROMAR GARDENS, KINGSWELLS, ABERDEEN, , AB15 8TF |
| Present Appointment Details: |
BALMORAL MARINE (AZERBAIJAN) LIMITED (RISK SCORE=Not scored) BALMORAL GROUP LIMITED (RISK SCORE=39) |
| JAMES HAMILTON | |
| Appointment Date: | 01/10/2003 |
| Date of Birth: | 30/12/1948 |
| Occupation: | BUSINESS DEVELOPMENT DIRECTOR |
| Address: | 32 STANPERLAND GARDENS, CLARKSTON, GLASGOW, , G76 8HQ |
| Present Appointment Details: | |
| ALLAN JOYCE | |
| Appointment Date: | 01/10/2003 |
| Date of Birth: | 07/03/1961 |
| Occupation: | DIRECTOR |
| Address: | 7 BECKFIELD CRESCENT, GLASGOW, , G33 1ST |
| Present Appointment Details: | |
Previous Directors |
|
| ROBERT WILLIAM BYTH | |
| Resignation Date: | 31/12/2002 |
| Date of Birth: | 03/11/1942 |
| Occupation: | SOLICITOR |
| Address: | 1 GOLDEN SQUARE, ABERDEEN, , AB9 8BH |
| ROBERT KENNETH ORAM | |
| Resignation Date: | 10/02/2003 |
| Date of Birth: | 06/04/1948 |
| Occupation: | DIRECTOR |
| Address: | 295 NORTH DEESIDE ROAD, CULTS, ABERDEEN, GRAMPIAN, AB1 9PA |
| IAN MICHAEL HOLLAND | |
| Resignation Date: | 17/05/1996 |
| Date of Birth: | 05/11/1949 |
| Occupation: | |
| Address: | 60 LATCH ROAD, BRECHIN, ANGUS, DD9 6JH |
| ROBERT MCALPINE | |
| Resignation Date: | 28/02/2003 |
| Date of Birth: | 21/07/1955 |
| Occupation: | OPERATIONS DIRECTOR |
| Address: | 47 BROOMFIELD ROAD, PORTLETHEN, ABERDEEN, ABERDEENSHIRE, AB12 4SU |
| MARK ALEXANDER PIRIE PATTERSON | |
| Resignation Date: | 02/09/1996 |
| Date of Birth: | 16/04/1958 |
| Occupation: | ASSISTANT MANAGING DIRECTOR |
| Address: | MANSFIELD HOUSE, SOUTH DEESIDE ROAD, MARYCULTER, ABERDEEN, ABERDEENSHIRE, AB12 5GB |
| JOHN D'ANCONA | |
| Resignation Date: | 03/11/1997 |
| Date of Birth: | 28/05/1935 |
| Occupation: | DIRECTOR |
| Address: | 33 CULVEREY ROAD, CATFORD, LONDON, , SE6 2LD |
