Company credit financial reports

Business Report

XXX GROUP PLC

Click on the "?" at the top of each section to open up the Business Report Companion. Here you will find a detailed explanation of all the terms in this report.

Statutory Information(?)

Previous name(s):

None

Registered Number:

01234567

Incorporation Date:

26/03/2002

Registered Office:

SOUTHFIELD HOUSE

2 SOUTHFIELD RD

WESTBURY-ON-TRYM

BRISTOL

BS9 3BH

Latest Filed Accounts:

31/12/2003

Date Accounts Lodged:

28/05/2004

Analysed Accounts:

31/12/2003

Accounts Ref. Date:

31/12

Latest Annual Return:

26/03/2005

Issued Capital: GBP

10,771,276

Company Status:

Large

Public limited with share capital

English/Welsh companies incorporated under part 1 of the Companies Act

Type of Accounts:

Group

Directory Information(?)

Trading Address:

Telephone Number:

Fax Number:

Region:

CENTRAL SOUTHERN

Bankers:

Auditors:

JOE BLOGS

Audit Opinion or Qualification:

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2003.

Principal Activities:

The holding company for a group engaged in the provision of management consultancy and technology services. Commenced trading 12.4.02.

UK SIC Code(s):

74840	Other business activities not elsewhere classified
72200	Software consultancy and supply

Risk Information(?)

Risk Score
31/12/2003	59	Credit Limit (GBP):	55,000
31/12/2002	63	Contract Limit (GBP):	4,000,000

Risk Score	Company Is...
1-20	At least 10 x greater than average risk.
21-29	At least 5 x greater than average risk.
30-35	3 to 5 x greater than average risk.
36-40	A2 to 3 x greater than average risk.
41-46	Just above average risk.
47-50	Average risk.
51-53	Just below average risk.
54-57	Half the average risk.
58-63	2 to 3 x less than average risk.
64-68	3 to 4 x less than average risk.
69-71	A4 to 5 x less than average risk.
72-81	At least 5 x less than average risk.
82-100	At least 10 x less than average risk.

Important Headlines
The filing history of the company would suggest that the 30/12/2004 accounts should have been lodged by 28/05/2005. The period to 31/12/2003 saw a very significant decrease in Annualised Sales from £48,235,000 to £29,050,000. Annualised Pre-Tax Profits decreased from £1,779,000 to £1,382,000. The resultant Profit Margin of 4.76% (previous = 3.69%) compares unfavourably with the industry average of 13.87%. Shareholders Funds increased from £21,388,000 to £23,106,000, whilst Total Assets decreased from £36,637,000 to £32,818,000. The resultant Gearing Ratio of 0.70 (Previous = 0.58) compares favourably with the industry average of 0.31.


County Court Judgments Summary: (?)
	Number of exact unsatisfied CCJs None
	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	-	-	-
Probable match	-	-	-
Possible match	-	-	-

Ownership(?)

GROUP STRUCTURE
Holding Company:	None
Ultimate Holding Company:	None

Shareholders(?)

Name	Share Class	% Held	Sales ('000)	A/c Date	Status
WCI GROUP TRUSTEE COMPANY LIMITED	ORDINARY	100.00	-	-	Non Trading

Shareholders

SHARE CAPITAL STRUCTURE
Class of Shares	Par Value (pence)	Number of Shares	Issued Capital
ORDINARY	10.000	4619011	461,901
ORDINARY A	10.000	1704589	170,459
PREFERENCE	100.000	9138916	9,138,916

Total Issued Capital			£9,771,276


SHAREHOLDERS
Shareholder Name & Address	Class of Shares	Number of Shares	Issued Capital ( £)	Shareholding Number
Name not known XXX House, XXX Place, London, WC2E XXX	ORDINARY A	1,638,391	163,839	3
Name not known XXX House, XXX Place, London, WC2E XXX	PREFERENCE	8,381,107	8,381,107	4
Dave XXX 76 XXX Avenue, XXX-On-Sea, East Sussex, TN39 XXX	ORDINARY	72,670	7,267	40
Mark XXX XXX, XXX Mews, XXX, Southampton, SO30 XXX	ORDINARY	3,508	351	50
Mark XXX Little XXX, XXX Road, Bristol, BS8 XXX	ORDINARY	70,898	7,090	19

Mortgages, Charges and Satisfactions(?)

Total number of mortgages and charges:	1	Total number of outstanding charges:	1
Total number of fully satisfied charges:	0	Date of most recent mortgage:	15/04/2002

Details of Latest Five Mortgages, Charges and Satisfactions

Charge Number:	1 of 1	Date Charge Registered:	15/04/2002
Charge Type:	DEBENTURE - HSBC BANK PLC	Latest Form Type:	395
		Date Charge Created:	20/04/2002
Lender:	HSBC 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 FIXTURES FIXED PLANT AND MACHINERY

Profit & Loss Account(?)

Date of Accounts	31/12/2003	31/12/2002
Consolidated	Y	Y
Subsidiary	N	N
No. of Weeks	52	38
Currency	(GBP '000)	(GBP '000)
Audit Qual./Comment	No	No
Turnover [1]	29,050	35,249
Cost of Sales	22,815	28,612
Gross Profit	6,235	6,637
Operating Profit [2]	1,717	1,653
Non-Trading Income	1	7
Interest Payable	336	360
Pre-Tax Profit	1,382	1,300
Taxation	216	498
Profit After Tax	1,166	802
Dividends Payable	-	-
Retained Profit	842	643

Value Added	17,162	15,244


Balance Sheet(?)

Date of Accounts	31/12/2003	31/12/2002
Consolidated	Y	Y
Subsidiary	N	N
No. of Weeks	52	38
Currency	(GBP '000)	(GBP '000)

Tangible Fixed Assets [3]	758	1,035
Intangible Assets	-	-
Total Fixed Assets	24,845	24,937

Stocks	229	577
Trade Debtors	5,375	7,717
Cash	1,518	2,959
Miscellaneous Current Assets [4]	851	447
Total Current Assets	7,973	11,700

Creditors: Amounts falling due within one year [5]	7,430	11,866

Total Assets less Current Liabilities	25,388	24,771

Total Liabilities	9,712	15,249

Share Capital & Reserves [7]	21,838	20,805
P & L Account Reserve	1,268	583
Revaluation Reserve	0	0
Shareholders Funds	23,106	21,388
Capital Employed	25,388	24,771

Net Worth	-981	-2,514
Working Capital	543	-166

Contingent Liabilities	0	0


Cash Flow(?)

Date of Accounts	31/12/2003	31/12/2002
Consolidated	Y	Y
Subsidiary	N	N
No. of Weeks	52	38
Currency	(GBP '000)	(GBP '000)

Net Cash Flow from Operating Activities	1,851	4,056
Net Cash Flow from Return on Investment and Servicing of Finance	-650	-454
Net Cash Flow before Financing	260	-10,890
Net Cash Flow from Financing	-85	12,232
Increase in cash	175	1,342


Accounts Notes(?)

Date of Accounts	31/12/2003	31/12/2002
Consolidated	Y	Y
Subsidiary	N	N
No. of Weeks	52	38
Currency	(GBP '000)	(GBP '000)

[1] Exports	-	-
[2] Operating Profit is after charging the following
Employees Remuneration	13,568	11,964
Directors Remuneration	824	611
Audit Fees	25	21
Non-Audit Fees	26	22
Depreciation	466	383

Average Number of Employees (actual)	270	333

[3] Tangible Assets consist of
Fixed Assets	758	1,035
Intermediate Assets	0	0
which includes:
-Due from Group, Non-Current	0	0

[4] Miscellaneous Current Assets includes:
-Due from Group, Current	0	0
[5] Creditors: Amounts falling due within one year consists of:
Trade Creditors	1,131	3,009
a Bank Overdraft	1,100	2,717
Miscellaneous Current Liabilities includes:	5,199	6,140
b -Bank Loans - Current Portion	0	0
c Other Short-Term Finance, including:	764	1,746
-Due to Group, Current	0	0
-Due to Directors, Current	0	0
-Other Current Liabilities	-	-

Short-Term Loans (a+b+c)	1,864	4,463

[6] Total Long-Term Liabilities consists of:
Long-Term Loans, which consists of:	2,261	3,356
-Long-Term Bank Loans	2,250	3,350
-Other Long-Term Finance including:	11	6
-Due to Group, Non-Current	0	0
-Due to Directors, Non-Current	0	0
Other Long-Term Liabilities	21	27

[7] Share Capital and Reserves consists of:
Called-up Share Capital	9,330	8,300
Sundry Reserves	12,508	12,505


Ratios(?)

Date of Accounts	31/12/2003	31/12/2002	-	-	-
Acid Ratio	1.04	0.94
Profit/Capital Employed	5.44	7.18
Current Liquidity	1.07	0.99
Profit/Sales (%)	4.76	3.69
Interest Burden	19.56	21.69
Stock Turnover (days)	2.88	4.37
Days Sales Outstanding (DSO)	67.53	58.39
Cash Cycle (days)	70.41	62.76
Days Purchases Outstanding (DPO)	18.09	28.05
Creditor Days	14.21	22.77
Profit/Total Assets (%)	4.21	4.86
Profit/ Shareholders Funds (%)	5.98	8.32
Sales/Total Assets (%)	88.52	131.66
Sales/Fixed Assets	38.32	46.60
Working Capital/Sales (%)	1.87	-0.34
Total Debt/Net worth (%)	-	-
Shareholders Funds/Total Assets	0.70	0.58
Long-term Debt/Net Worth (%)	-	-
Interest/Pre-interest Profit	19.56	21.69
Total Debt/Working Capital (%)	7.60	-47.10
Average Employee Remuneration (£)	50,252	49,165
Wages/Sales (%)	46.71	33.94
Profit per Employee (£)	5,119	5,342
Sales per Employee (£)	107,593	144,851
Capital Employed per Employee (£)	94,030	74,387
Total Fixed Assets per Employee (£)	92,019	74,886
Total Assets per Employee (£)	121,548	110,021
Creditors/Debtors	0.21	0.39
Debtors/Total Assets (%)	16.38	21.06
Current Liabilities/Stocks	32.45	20.56
Exports/Sales (%)	-	-
Sales/Audit Fees	1,162.00	2,296.93
Total Assets/ Audit Fees	1,312.72	1,744.62


Growth Rates(?)

	1 year	year	year	year
Turnover	-54.4
Pre-tax Profit	-30.5
Audit Fees	19.0
Directors Remuneration	-2.0
Number of Employees	-18.9
Employees Remuneration	-23.4
Fixed Assets	-26.8
Tangible Assets	-26.8
Total Fixed Assets	-0.4
Stocks	-60.3
Trade Debtors	-30.3
Total Current Assets	-31.9
Total Assets	-10.4
Trade Creditors	-62.4
Short-Term Loans	-58.2
Total Current Liabilities	-37.4
Net Cash	72.7
Shareholders Funds	8.0
Net Worth	-
Long-Term Loans	-32.6
Long-Term Liabilities	-32.5
Capital Employed	2.5


Company / Industry Comparison(?)

This comparison is based on the results of 133287 companies in the same industrial sector: 74840 Other business activities not elsewhere classified

	Company	Industry Averages
	31/12/2003	Lower	Median	Upper
Performance

Profit/Sales (%)	4.76	0.00	13.87	48.36
Profit/Capital Employed (%)	5.44	0.00	38.10	140.00
Profit/Total Assets (%)	4.21	-2.73	9.69	69.96
Profit/Shareholders Funds (%)	5.98	0.60	52.68	196.25

Turnover

Sales/Total Assets (%)	88.52	22.22	168.29	400.00
Sales/Fixed Assets (%)	38.32	6.22	26.62	63.63
Working Capital/Sales (%)	1.87	20.44	2.02	-6.51
Stock Turnover (days)	2.88	121.00	36.00	12.00
Credit Period (days)	67.53	45.05	11.75	0.00
Creditor Days	14.21	17.69	0.00	0.00

Liquidity

Current Ratio	1.07	0.60	1.00	1.76
Liquidity Ratio	1.04	0.44	1.00	1.60

Gearing

Total Debt/Net Worth (%)	-	190.13	22.66	0.00
Shareholders Funds/Total Assets	0.70	0.09	0.31	0.64
Long Term Debt/Net Worth (%)	-	0.95	0.00	0.00
Interest/Pre-interest Profit	19.56	3.13	0.00	0.00
Total Debt/Working Capital	7.60	1.33	0.06	0.00

Employee

Average Employee Remuneration (£)	50,252	5,500	15,000	28,875
Wages/Sales (%)	46.71	48.66	25.38	16.09
Profit per Employee (£)	5,119	-2,000	2,500	13,903
Sales per Employee (£)	107,593	8,250	30,750	72,548
Capital Employed per Employee (£)	94,030	63	7,833	40,500
Total Fixed Assets per Employee (£)	92,019	0	2,000	23,393
Total Assets per Employee (£)	121,548	8,617	30,441	101,000

Other

Creditors/Debtors	0.21	0.36	1.18	2.80
Debtors/Total Assets (%)	16.38	0.00	16.67	50.00
Current Liabilities/Stocks	32.45	1.90	4.52	12.43
Exports/Sales (%)	-	0.00	0.00	11.33
Sales/Audit Fees	1,162.00	229.29	460.77	979.95
Total Assets/Audit Fees	1,312.72	154.86	312.13	590.00


Filing History(?)

09/08/2005	Change among the directors of a company
07/06/2005	Returns of allotments of a public company
06/10/2004	Alteration in memorandum or articles of association
10/05/2002	Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)
10/05/2002	Special resolutions passed under section 95 disapplication of pre-emption rights
20/04/2002	Particulars of a mortgage or charge
28/03/2002	Reports under section 103 or 104 as to the value of a non-cash asset


Company Officers(?)

Company Secretaries
JONATHAN XXX XXX
Appointment Date:	12/04/XXX
Date of Birth:	15/10/XXX
Occupation:	ACCOUNTANT
Address:	XXX COTTAGE, 182 XXX STREET, XXX, FAREHAM, HAMPSHIRE, PO16 XXX
Present Appointments:	15
Resignations since June 1996:	2

Directors
JONATHAN XXX XXX
Appointment Date:	12/04/XXX
Date of Birth:	15/10/XXX
Occupation:	ACCOUNTANT
Address:	XXX COTTAGE, 182 XXX STREET, XXX, FAREHAM, HAMPSHIRE, PO16 XXX
Present Appointments:	15
Resignations since June 1996:	2

ALLAN XXX
Appointment Date:	30/09/XXX
Date of Birth:	19/02/XXX
Occupation:	DIRECTOR
Address:	XXX HOUSE, MILTON XXX, XXX, WILTSHIRE, SN9 XXX
Present Appointments:	7
Resignations since June 1996:	13

DAVID XXX
Appointment Date:	03/03/XXX
Date of Birth:	15/12/XXX
Occupation:	COMPANY DIRECTOR
Address:	76 XXX AVENUE, XXX ON SEA, EAST SUSSEX, TN39 XXX
Present Appointments:	2
Resignations since June 1996:	0