Financial Report

XXX EXAMPLE PLC

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

Statutory Information(?)
Previous name(s):	XXXXX PLC (until 31/12/2002)
Registered Number:	0007XXXX
Incorporation Date:	08/XX/19XX
Registered Office:	XXXX COURT
	XXXX ST
	ISLEWORTH
	MIDDLESEX
	TW7 XXX
Latest Filed Accounts:	31/12/2004
Date Accounts Lodged:	21/05/2005
Analysed Accounts:	31/12/2004
Accounts Ref. Date:	31/12
Latest Annual Return:	01/04/2005
Issued Capital: GBP	35,402,707
Company Status:	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:	XXXX Court
	XXXX Street
	Isleworth
	Middlesex
	TW7 XXX
Telephone Number:	0XXXXXXXXX
Fax Number:	-
Region:	HOME COUNTIES AND OUTER LONDON
Bankers:	HSBC
Auditors:	KPMG Audit PLC
Audit Opinion or Qualification:	The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2004.
Principal Activities:	A group engaged in the provision of construction, facilities and environmental services, project investment and property.
UK SIC Code(s):	45213 Construction of civil engineering constructions 70320 Management of real estate on a fee or contract basis 74204 Engineering consultative and design activities 45211 Construction of commercial buildings 45230 Construction of highways, roads, airfields and sport facilities

Risk Information(?)
Risk Score
31/12/2004	51	Credit Limit (GBP):	4,500,000
31/12/2003	60	Contract Limit (GBP):	100,000,000
31/12/2002	78
31/12/2001	61

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 score has been revised to reflect adverse information re CCJs. For further details please refer to the full list. The period to 31/12/2004 saw a slight increase in Sales from £1,985,000,000 to £2,066,000,000. The latest period saw a Loss of £15,300,000 suffered following a Profit of £45,200,000. The resultant Profit Margin of -0.74% (previous = 2.28%) compares unfavourably with the industry average of 3.28%. The company is performing worse than at least 75% of the companies in this sector. Shareholders Funds decreased from £202,500,000 to £187,000,000, whilst Total Assets increased from £782,300,000 to £852,000,000. The resultant Gearing Ratio of 0.22 (Previous = 0.26) compares unfavourably with the industry average of 0.29.

County Court Judgments Summary: (?)
	Number of exact unsatisfied CCJs 24 Totalling: GBP62966.00
	Number of probable unsatisfied CCJ 7 Totalling: GBP5316.00
	Number of possible unsatisfied CCJs: None
Latest Ten Judgments:
On 04/06/2005, a judgment of £ 176.00 was made in BRADFORD court (Case No. 5XH81XXX) against XXX PLC <, R/O XXX COURT, XXX STREET, ISLEWORTH, MIDDLESEX, TW7 XXX, Ref. No. 08065XXXX (exact match).
On 03/06/2005, a judgment of £ 1069.00 was made in LIVERPOOL court (Case No. 5LV40XXX) against XXXX PLC <, R/O XXX XXX COURT, XXX STREET, ISLEWORTH, MIDDLESEX, TW7 XXX, Ref. No. 08065XXX (exact match).
On 23/05/2005, a judgment of £ 3008.00 was made in NORTHAMPTON CCBC court (Case No. 5XQ51695) against XXX PLC <, XXX XXX HOUSE, XXX XXX ROAD, BATH, XXX XXX, Ref. No. XXX (exact match).

Ownership(?)
GROUP STRUCTURE
Holding Company:	None
Ultimate Holding Company:	None

Shareholders(?)
Name	Share Class	% Held	Sales ('000)	A/c Date	Status
XXX PLC	ORDINARY	100.00	1,166,090	31/12/1995	Non Trading
XXX PLC	ORDINARY	100.00	291,338	31/12/2003	Trading
XXX MANAGEMENT LIMITED	ORDINARY	100.00	207,253	31/12/1989	Non Trading
XXX CONSTRUCTION LIMITED	ORDINARY	100.00	56,590	31/12/2002	Non Trading
XXX GROUP LIMITED	ORDINARY	100.00	41,329	31/12/2003	Trading
XXX HOLDINGS LIMITED	ORDINARY	19.00	34,763	31/12/2004	Trading
XXX SCOTLAND LIMITED	ORDINARY	100.00	30,546	31/12/1994	Non Trading
XXX PLC	ORDINARY	100.00	22,254	31/12/2003	Trading
XXX LIMITED	ORDINARY	100.00	20,886	31/12/2003	Trading
XXX LIMITED	ORDINARY	100.00	19,249	31/12/1985	Non Trading
XXX LIMITED	ORDINARY	100.00	17,447	31/12/1985	Non Trading
XXX LIMITED	ORDINARY	90.00	10,395	31/12/2003	Trading
XXX LIMITED	ORDINARY	90.00	9,646	31/12/2003	Trading
XXX LIMITED	ORDINARY	100.00	8,736	31/12/1986	Non Trading
XXX LIMITED	ORDINARY	100.00	7,090	31/12/2003	Trading
XXX LIMITED	ORDINARY	100.00	5,906	31/12/2001	Non Trading
XXX LIMITED	ORDINARY B	100.00	4,465	31/12/1981	Dissolved
XXX LIMITED	ORDINARY	0.33	2,849	31/12/1999	Non Trading
XXXXX SERVICES LIMITED	ORDINARY	100.00	-	-	Non Trading

Profit & Loss Account(?)
Date of Accounts	31/12/2004	31/12/2003	31/12/2002	31/12/2001	31/12/2000
Consolidated	Y	Y	Y	Y	Y
Subsidiary	N	N	N	N	N
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]	2,066,000	1,985,000	1,930,000	1,698,000	1,514,000
Cost of Sales	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Profit [2]	-11,100	34,500	33,400	30,000	18,900
Non-Trading Income	800	14,300	2,600	2,500	2,700
Interest Payable	5,000	3,600	2,900	3,000	4,500
Pre-Tax Profit	-15,300	45,200	33,100	29,500	17,100
Taxation	-3,300	8,300	9,800	9,800	7,800
Profit After Tax	-12,000	36,900	23,300	19,700	9,300
Dividends Payable	-	-	-	-	-
Retained Profit	-19,600	26,000	13,300	10,400	1,700
Value Added	501,966	510,403	478,698	374,975	321,151

Balance Sheet(?)
Date of Accounts	31/12/2004	31/12/2003	31/12/2002	31/12/2001	31/12/2000
Consolidated	Y	Y	Y	Y	Y
Subsidiary	N	N	N	N	N
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)
Tangible Fixed Assets [3]	121,500	114,900	97,600	94,900	80,800
Intangible Assets	-	-	-	-	-
Total Fixed Assets	176,400	173,300	159,500	158,100	99,500
Stocks	26,800	29,100	37,500	29,500	24,400
Trade Debtors	542,300	465,200	437,900	400,600	326,100
Cash	31,000	42,500	48,700	70,600	72,000
Miscellaneous Current Assets [4]	75,500	72,200	45,800	30,600	24,700
Total Current Assets	675,600	609,000	569,900	531,300	447,200
Creditors: Amounts falling due within one year [5]	623,600	549,200	525,100	480,900	397,000
Total Assets less Current Liabilities	228,400	233,100	204,300	208,500	149,700
Total Liabilities	665,000	579,800	559,500	535,800	415,500
Share Capital & Reserves [7]	89,900	88,200	87,200	85,800	66,600
P & L Account Reserve	95,300	112,300	80,500	65,400	62,200
Revaluation Reserve	1,800	2,000	2,200	2,400	2,400
Shareholders Funds	187,000	202,500	169,900	153,600	131,200
Capital Employed	228,400	233,100	204,300	208,500	149,700
Net Worth	132,100	144,100	108,000	90,400	112,500
Working Capital	52,000	59,800	44,800	50,400	50,200
Contingent Liabilities	36,400	47,900	17,800	4,200	-

Cash Flow(?)
Date of Accounts	31/12/2004	31/12/2003	31/12/2002	31/12/2001	31/12/2000
Consolidated	Y	Y	Y	Y	Y
Subsidiary	N	N	N	N	N
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	1,100	27,300	44,000	13,200	13,600
Net Cash Flow from Return on Investment and Servicing of Finance	-12,000	-7,900	-8,600	-8,800	-12,300
Net Cash Flow before Financing	-23,000	-12,400	7,000	-51,000	44,000
Net Cash Flow from Financing	9,800	1,500	-33,100	44,500	-35,700
Increase in cash	-13,200	-10,900	-26,100	-6,500	8,300

Accounts Notes(?)
Date of Accounts	31/12/2004	31/12/2003	31/12/2002	31/12/2001	31/12/2000
Consolidated	Y	Y	Y	Y	Y
Subsidiary	N	N	N	N	N
No. of Weeks	52	52	52	52	52
Currency	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)	(GBP '000)
[1] Exports	-	-	-	-	-
[2] Operating Profit is after charging the following
Employees Remuneration	451,600	418,300	389,400	298,800	255,300
Directors Remuneration	1,417	1,518	1,079	1,306	1,000
Audit Fees	1,100	1,000	800	600	500
Non-Audit Fees	300	200	200	300	200
Depreciation	14,500	14,100	15,400	15,100	20,400
Average Number of Employees (actual)	25,614	26,342	25,010	16,587	12,215
[3] Tangible Assets consist of
Fixed Assets	48,600	55,000	56,500	61,200	61,800
Intermediate Assets	72,900	59,900	41,100	33,700	19,000
which includes:
-Due from Group, Non-Current	9,100	9,500	7,600	3,600	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	360,600	345,200	327,100	305,400	265,600
a Bank Overdraft	16,900	13,900	14,200	9,800	4,500
Miscellaneous Current Liabilities includes:	246,100	190,100	183,800	165,700	126,900
b -Bank Loans - Current Portion	9,500	2,900	700	8,300	2,400
c Other Short-Term Finance, including:	1,400	2,300	1,000	8,400	1,100
-Due to Group, Current	0	0	0	0	0
-Due to Directors, Current	0	0	0	0	0
-Other Current Liabilities	-	-	-	-	-
Short-Term Loans (a+b+c)	27,800	19,100	15,900	26,500	8,000
[6] Total Long-Term Liabilities consists of:
Long-Term Loans, which consists of:	37,200	26,400	29,800	50,700	13,300
-Long-Term Bank Loans	21,100	16,000	15,500	30,500	0
-Other Long-Term Finance including:	16,100	10,400	14,300	20,200	13,300
-Due to Group, Non-Current	0	0	0	0	0
-Due to Directors, Non-Current	0	0	0	0	0
Other Long-Term Liabilities	4,200	4,200	4,600	4,200	5,200
[7] Share Capital and Reserves consists of:
Called-up Share Capital	35,400	34,700	34,000	33,400	32,500
Sundry Reserves	54,500	53,500	53,200	52,400	34,100

Ratios(?)
Date of Accounts	31/12/2004	31/12/2003	31/12/2002	31/12/2001	31/12/2000
Acid Ratio	1.04	1.06	1.01	1.04	1.06
Profit/Capital Employed	-6.70	19.39	16.20	14.15	11.42
Current Liquidity	1.08	1.11	1.09	1.10	1.13
Profit/Sales (%)	-0.74	2.28	1.72	1.74	1.13
Interest Burden	-48.54	7.38	8.06	9.23	20.83
Stock Turnover (days)	4.73	5.35	7.09	6.34	5.88
Days Sales Outstanding (DSO)	95.81	85.54	82.82	86.11	78.62
Cash Cycle (days)	100.54	90.89	89.91	92.45	84.50
Days Purchases Outstanding (DPO)	-	-	-	-	-
Creditor Days	63.71	63.48	61.86	65.65	64.03
Profit/Total Assets (%)	-1.80	5.78	4.54	4.28	3.13
Profit/ Shareholders Funds (%)	-8.18	22.32	19.48	19.21	13.03
Sales/Total Assets (%)	242.49	253.74	264.60	246.30	276.93
Sales/Fixed Assets	42.51	36.09	34.16	27.75	24.50
Working Capital/Sales (%)	2.52	3.01	2.32	2.97	3.32
Total Debt/Net worth (%)	49.21	31.58	42.31	85.40	18.93
Shareholders Funds/Total Assets	0.22	0.26	0.23	0.22	0.24
Long-term Debt/Net Worth (%)	28.16	18.32	27.59	56.08	11.82
Interest/Pre-interest Profit	-48.54	7.38	8.06	9.23	20.83
Total Debt/Working Capital (%)	1.25	0.76	1.02	1.53	0.42
Average Employee Remuneration (£)	17,631	15,880	15,570	18,014	20,901
Wages/Sales (%)	21.86	21.07	20.18	17.60	16.86
Profit per Employee (£)	-597	1,716	1,323	1,779	1,400
Sales per Employee (£)	80,659	75,355	77,169	102,369	123,946
Capital Employed per Employee (£)	8,917	8,849	8,169	12,570	12,255
Total Fixed Assets per Employee (£)	6,887	6,579	6,377	9,532	8,146
Total Assets per Employee (£)	33,263	29,698	29,164	41,563	44,756
Creditors/Debtors	0.66	0.74	0.75	0.76	0.81
Debtors/Total Assets (%)	63.65	59.47	60.04	58.11	59.65
Current Liabilities/Stocks	23.27	18.87	14.00	16.30	16.27
Exports/Sales (%)	-	-	-	-	-
Sales/Audit Fees	1,878.18	1,985.00	2,412.50	2,830.00	3,028.00
Total Assets/ Audit Fees	774.55	782.30	911.75	1,149.00	1,093.40

Growth Rates(?)
	1 year	2 year	3 year	4 year
Turnover	4.1	7.0	21.7	36.5
Pre-tax Profit	-	-	-	-
Audit Fees	10.0	37.5	83.3	120.0
Directors Remuneration	-6.7	31.3	8.5	41.7
Number of Employees	-2.8	2.4	54.4	109.7
Employees Remuneration	8.0	16.0	51.1	76.9
Fixed Assets	-11.6	-14.0	-20.6	-21.4
Tangible Assets	5.7	24.5	28.0	50.4
Total Fixed Assets	1.8	10.6	11.6	77.3
Stocks	-7.9	-28.5	-9.2	9.8
Trade Debtors	16.6	23.8	35.4	66.3
Total Current Assets	10.9	18.5	27.2	51.1
Total Assets	8.9	16.8	23.6	55.8
Trade Creditors	4.5	10.2	18.1	35.8
Short-Term Loans	45.5	74.8	4.9	247.5
Total Current Liabilities	13.5	18.8	29.7	57.1
Net Cash	-50.7	-59.1	-76.8	-79.1
Shareholders Funds	-7.7	10.1	21.7	42.5
Net Worth	-8.3	22.3	46.1	17.4
Long-Term Loans	40.9	24.8	-26.6	179.7
Long-Term Liabilities	35.3	20.3	-24.6	123.8
Capital Employed	-2.0	11.8	9.5	52.6

Company / Industry Comparison(?)
This comparison is based on the results of 685 companies in the same industrial sector: 45213 Construction of civil engineering constructions
	Company	Industry Averages
	31/12/2004	Lower	Median	Upper
Performance
Profit/Sales (%)	-0.74	0.99	3.28	7.95
Profit/Capital Employed (%)	-6.70	9.00	24.96	57.85
Profit/Total Assets (%)	-1.80	2.92	7.84	16.99
Profit/Shareholders Funds (%)	-8.18	12.73	32.71	70.56
Turnover
Sales/Total Assets (%)	242.49	171.84	253.73	336.33
Sales/Fixed Assets (%)	42.51	7.60	18.08	45.54
Working Capital/Sales (%)	2.52	12.31	4.38	0.00
Stock Turnover (days)	4.73	30.00	11.00	3.00
Credit Period (days)	95.81	74.57	50.72	27.51
Creditor Days	63.71	51.54	33.17	16.50
Liquidity
Current Ratio	1.08	1.00	1.18	1.58
Liquidity Ratio	1.04	0.77	1.04	1.39
Gearing
Total Debt/Net Worth (%)	49.21	138.89	46.95	8.20
Shareholders Funds/Total Assets	0.22	0.15	0.29	0.48
Long Term Debt/Net Worth (%)	28.16	25.17	3.96	0.00
Interest/Pre-interest Profit	-48.54	13.79	3.09	0.00
Total Debt/Working Capital	1.25	2.15	0.52	0.07
Employee
Average Employee Remuneration (£)	17,631	22,556	26,250	31,329
Wages/Sales (%)	21.86	30.55	22.33	14.57
Profit per Employee (£)	-597	1,098	3,635	8,477
Sales per Employee (£)	80,659	84,200	126,973	188,655
Capital Employed per Employee (£)	8,917	8,791	17,113	35,156
Total Fixed Assets per Employee (£)	6,887	3,707	9,274	21,072
Total Assets per Employee (£)	33,263	33,500	53,116	89,079
Other
Creditors/Debtors	0.66	0.39	0.72	1.32
Debtors/Total Assets (%)	63.65	16.52	34.27	53.05
Current Liabilities/Stocks	23.27	2.88	6.45	26.36
Exports/Sales (%)	-	0.00	0.00	0.00
Sales/Audit Fees	1,878.18	785.77	1,364.68	2,456.47
Total Assets/Audit Fees	774.55	362.03	586.45	972.88

Filing History(?)
17/09/2005	Returns of allotments of a public company
05/07/2005	Change among the directors of a company
02/07/2005	Particulars of a mortgage or charge
10/06/2005	Alteration in memorandum or articles of association
10/06/2005	Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)
10/06/2005	Resolutions or agreements to which section 380 applies (relating to shares, rights or names)
21/05/2005	Special resolutions passed under section 95 disapplication of pre-emption rights
27/01/2005	Dismissal of presentation of petition for compulsory winding-up
19/01/2005	Presentation of petition for compulsory winding-up
03/12/2004	Particulars of a mortgage or charge

Company Officers(?)

Company Secretaries

KEITH XXX

Directors

JOSEPH XXX

ARTHUR XXX

PAUL XXX

CHRISTOPHER XXX

ANTHONY XXX

SIMON XXX XXX

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