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Credit Consultancy Limited Company Report

Company Details

Company Name MITIE ENGINEERING SERVICES (RETAIL) LIMITED
Registered Number 03532169
Registered Office 8 MONARCH COURT, THE BROOMS, EMERSONS GREEN, BRISTOL BS16 7FH
Date Incorporated 20 March 1998



Credit Summary

Credit Rating £100,000 Risk Score 91 Out of 100  
Credit Opinion Considered equal to engagements.
Risk Analysis The risk index allocated to MITIE ENGINEERING SERVICES (RETAIL) LIMITED is based on an analysis of the findings recorded above. In the light of the information available, the overall performance and strength is considered to be very sound. The company has, therefore, been awarded minimum risk status.

Payment Summary

  Company Industry
Days Beyond Terms 45 31
 
This company pays beyond its terms
This company pays slower than the industry average
There is a consistent payment pattern.
Industry Type For Comparison - Construction

Public Record Information

Mortgages/Charges 1 (Of which 0 are fully satisfied)
Legal Notices None Recorded
County Court Judgments Total Number 1
  Total Value £1,170
  Age Of Most Recent 31 Months

  Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number 0 0 1 0 0 0
Value (£) 0 0 1,170 0 0 0

Balance Sheet

Date Latest Accounts 31 March 2008 Accounts Ref. Date 31 March
Date Latest Returns 1 March 2009  

   Date Of Accounts 31/03/2008 31/03/2007 31/03/2006 31/03/2005
   Accounting Standard UK GAAP UK GAAP UK GAAP UK GAAP
   Number Of Weeks 52 52 52 52
   Currency GBP  GBP  GBP  GBP 
   Tangible Assets 207,786 221,187 247,180 248,245
       Land & Buildings 0 0 0 0
           Freehold 0 0 0 0
           Leasehold 0 0 0 0
       Fixtures & Fittings 46,747 63,374 71,264 99,040
       Plant & Vehicles 161,039 157,813 175,916 149,205
           Plant 886 1,705 3,029 1,934
           Vehicles 160,153 156,108 172,887 147,271
       Other Tangible Assets 0 0 0 0
   Intangible Assets 0 0 0 0
   Other Non-Current Assets 0 0 0 0
   Total Fixed/Non-Current Assets 207,786 221,187 247,180 248,245
   Inventories 12,545 38,384 68,727 0
       Raw Material/Stocks 0 0 0 0
       Work In Progress 12,545 38,384 68,727 0
       Finished Goods 0 0 0 0
   Debtors 5,936,709 5,670,993 7,043,348 2,998,717
       Trade Debtors 5,787,875 5,552,856 6,904,372 2,908,409
       Group Loans 1,732 35,366 8,701 7,131
       Directors Loans - 0 0 0
       Other Debtors 147,102 82,771 130,275 83,177
   Cash At Bank 0 901,147 1,094,687 0
   Other Current Assets 0 0 0 0
   Total Current Assets 5,949,254 6,610,524 8,206,762 2,998,717
   Total Current Liabilities 4,151,446 5,007,866 6,760,901 2,533,057
       Trade Creditors 3,002,951 4,112,710 5,343,406 1,534,310
       Bank Overdraft 730,016 - 0 563,002
       Group Liabilities 229,519 121,218 446,030 100,504
       Director Liabilities - - - -
       Hire Purchase/Leasing - - - -
           Hire Purchase - - - -
           Leasing - - - -
       Short Loans - - - -
       Taxation 148,793 178,771 266,720 73,553
       Dividends - - - 173,011
       Accruals/Deferred Income 39,624 320,471 446,795 20,721
       Social Security/VAT 0 267,857 255,094 67,111
       Other Current 543 6,839 2,856 845
   Working Capital 1,797,808 1,602,658 1,445,861 465,660
   Capital Employed 2,005,594 1,823,845 1,693,041 713,905
   Total Long Term Liabilities 0 0 0 0
       Group Long Term Liabilities 0 0 0 0
       Director Long Term Liabilities 0 0 0 0
       Hire Purchase/Leasing 0 0 0 0
           Hire Purchase 0 0 0 0
           Leasing 0 0 0 0
       Other Long Term Loans 0 0 0 0
       Accruals/Deferred Income 0 0 0 0
       Other Long Term Liabilities 0 0 0 0
   Total Provisions 0 0 0 0
       Deferred Taxation 0 0 0 0
       Pension 0 0 0 0
       Other Provisions 0 0 0 0
   Minority Interests 0 0 0 0
   Total Net Assets 2,005,594 1,823,845 1,693,041 713,905
   Issued Capital 100,000 100,000 100,000 100,000
       Ordinary Shares 100,000 100,000 100,000 100,000
       Preference Shares 0 0 0 0
       Other Issued Capital 0 0 0 0
   Share Premium Accounts 0 0 0 0
   Revaluation Reserve 0 0 0 0
   Retained Earnings 1,893,041 1,701,016 1,593,041 613,905
   Other Reserves 12,553 22,829 0 0
   Total Shareholders' Funds 2,005,594 1,823,845 1,693,041 713,905
   Net Worth 2,005,594 1,823,845 1,693,041 713,905

Profit & Loss

Date Latest Accounts 31 March 2008 Accounts Ref. Date 31 March
Date Latest Returns 1 March 2009  
   Date Of Accounts 31/03/2008 31/03/2007 31/03/2006 31/03/2005
   Accounting Standard UK GAAP UK GAAP UK GAAP UK GAAP
   Number Of Weeks 52 52 52 52
   Currency GBP  GBP  GBP  GBP 
   Turnover/Sales 17,826,538 18,663,162 25,404,727 10,622,538
       Home Nation 17,826,538 18,663,162 25,404,727 10,622,538
       Export 0 0 0 0
   Cost Of Sales 14,154,811 14,627,092 21,296,035 8,398,386
   Exceptional Items 0 0 0 0
   Other Direct Items 0 0 0 0
   Total Expenses - - - -
   Gross Profit 3,671,727 4,036,070 4,108,692 2,224,152
   Operating Expenses 2,882,973 3,114,165 2,713,664 1,731,669
   Operating Income 11,025 0 0 19,926
   Exceptional Items 0 0 0 0
   Operating Profit 799,779 921,905 1,395,028 512,409
   Other Income 0 0 0 0
   Interest Receivable 35,073 53,627 41,071 10,689
   Interest Payable 0 0 0 0
       To Bank 0 0 0 0
       On Hire Purchase 0 0 0 0
       On Leasing 0 0 0 0
       Other 0 0 0 0
   Exceptional Items 0 0 0 0
   Pre-Tax Profit/(Loss) 834,852 975,532 1,436,099 523,098
   Taxation 278,778 329,376 456,963 177,617
   Extraordinary Items 0 0 0 0
   Minority Interests 0 0 0 0
   Dividends 364,049 530,528 173,011 561,011
   Net Profit/(Loss) 192,025 115,628 806,125 (215,530)

Company Ratios & Disclosure Items

Date Latest Accounts 31 March 2008 Accounts Ref. Date 31 March
Date Latest Returns 1 March 2009  
Date Of Accounts 31/03/2008 31/03/2007 31/03/2006 31/03/2005
         
Ratios        
Current Ratio 1.43 1.32 1.21 1.18
Acid Test 1.43 1.31 1.20 1.18
Credit Period (Days) 118.51 108.60 99.20 99.94
Return On Capital % 41.63 53.49 84.82 73.27
Pre-Tax Profit Margin % 4.68 5.23 5.65 4.92
Borrowing Ratio % 47.84 6.65 26.34 92.94
Equity Gearing % 32.57 26.70 20.03 21.99
Debt Gearing % - - - -
Average Remuneration/Employee £ 51,071 48,514 53,061 37,580
Profit/Employee £ 16,370 17,420 27,617 13,077
Sales/Employee £ 349,540 333,271 488,552 265,563
Disclosure Items        
Depreciation Charges 108,202 107,064 129,714 139,708
Amortisation Charges - - - -
Discontinued Operations 0 - - 0
         
Number Of Employees 51 56 52 40
Employees' Remuneration 2,604,620 2,716,783 2,759,148 1,503,194
Directors' Remuneration 540,748 459,102 528,016 406,702

Key Ratios - Industry Comparisons
Date Of Accounts
 
Return On Capital %
Pre-Tax Profit Margin %
Credit Period (Days)
Liquidity
Borrowing Ratio %
Equity Gearing %
Debt Gearing %
Number Of Employees
Avg. Employee Remuneration £
Turnover/Employee £
Pre-Tax Profit/Employee £
31/03/2008
 
41.63
4.68
118.51
1.43
47.84
32.57
-
51
51,071
349,540
16,370
31/03/2007
 
53.49
5.23
108.60
1.32
6.65
26.70
-
56
48,514
333,271
17,420
% Change
 
(22.17)
(10.52)
9.12
8.57
619.40
21.99
-
(8.93)
5.27
4.88
(6.03)
Industry
Median
99.2
14.2
26
1.1
0.0
25.9
0.0
N/A
29,479
86,148
5,242

Industry Median based on 41,273 similar companies in 1980 SIC Code 5030 - INSTALLATION OF BUILDING FIXTURES AND FITTINGS

Payment Profile

Summary
 
Based on the information supplied from our sources:
 
This company pays slower than the industry average.
There is a consistent payment pattern.
This company has 0 accounts placed for collection.
This company has 3 outstanding unpaid accounts.
This company pays beyond its terms.

Current Days Beyond Terms
 
Days Beyond Terms (DBT) For March 2009
 
Company 45
Number of Accounts 35
DBT (Month To Date) 51
Number of Accounts (Month To Date) 31
Industry 31
Industry Type For Comparison Construction

Days Beyond Terms Trend
 
All figures refer to days beyond terms (DBT)

Trend Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Company 93 110 119 117 104 80 67 51 47 46 44 45
Industry 17 18 19 20 21 22 24 26 27 28 29 31

Averages Current Last 3 Months Last 6 Months Last 12 Months
Company 45 45 50 75
Industry 31 29 28 24

Days Beyond Terms Breakdown
 
Payment Performance By Size Of Account For March 2009

  £1 - £1,000 £1,001 - £10,000 £10,001 - £100,000 £100,000+
Company 47 60 1 -
Industry 32 30 25 22

Payment By Different Terms

Description DBT Accounts
Net 30 EOM 19 8
Net 30 days 210 6
Net 60 days 0 3
20th day of 1st month after invoice 10 3
Others/Unknown 0 12

Additional Information
 
Other payment information for March 2009 from 35 account(s)
Number of accounts on cash/pro forma terms: 0
Number of accounts placed for collection: 0

Unpaid Accounts
1 account(s) have received no payment for 1 month.
account(s) have received no payment for 2 months.
2 account(s) have received no payment for 3 or more months.

Commentary
 
This company pays its main suppliers faster than small creditors.
This company pays its accounts on average 45 days beyond terms.
The payment information we have for this company over the last 6 months available shows a consistent payment pattern.

Company Identification Details

Company Name MITIE ENGINEERING SERVICES (RETAIL) LIMITED
Registered Number 03532169
Legal Form Private Limited
Date Incorporated 20 March 1998
Issued Capital (Returns) GBP 100,000
Registered Office 8 MONARCH COURT, THE BROOMS, EMERSONS GREEN, BRISTOL BS16 7FH
Trading Address The Millennium Centre, Crosby Way, Farnham, Surrey GU9 7XX
Telephone Number 01252 732420
SIC Codes (1980) 5030
SIC Description (1980) INSTALLATION OF BUILDING FIXTURES AND FITTINGS
SIC Codes (1992) 4533, 4531
SIC Description (1992) PLUMBING, INSTALLATION ELECTRICAL WIRING ETC
Principal Activities INSTALLATION OF ELECTRICAL AND MECHANICAL SERVICESIN COMMERCIAL AND OTHER PREMISES ASSOCIATED WITH THE RETAIL SECTOR.
Previous Names
AGENCYEVE LIMITED (until 19 May 1998)
Previous Registered Office
THE STABLE BLOCK, BARLEY WOOD, WRINGTON, BRISTOL BS40 5SA (until 02 April 2004)
1 MITCHELL LANE, BRISTOL BS1 6BU (until 07 May 1998)
Accounts Type Full Accounts
Accounts Ref. Date 31 March
Date Latest Accounts 31 March 2008
Date Latest Returns 1 March 2009
Auditor/Accountant DELOITTE AND TOUCHE LLP
Bankers NATIONAL WESTMINSTER BANK PLC
  32 CORN STREET, BRISTOL, GLOUCESTERSHIRE BS99 7UG

Consumer Credit Licences

No Consumer Credit Licences Registered

Corporate Structure

Parent Company MITIE ENGINEERING HOLDINGS LIMITED (06434091)
Principal Shareholders
MITIE ENGINEERING HOLDINGS LIMITED (06434091) 51,000 ORD A £1; 49,000 ORD B £1
View Corporate Tree report View an on-line report
Management Information

Current Directors
Name EDWARD GERARD GUDGEON
Address 16, PINE GROVE, LICKEY, BROMSGROVE, WORCS B45 8HE
Date Of Birth 2 March 1963
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 5 June 2000
   
Name MICHAEL ANTHONY TIVEY
Address GORSEDENE COTTAGE, THE LONG ROAD, ROWLEDGE, FARNHAM, SURREY GU10 4EB
Date Of Birth 1 October 1970
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 27 March 2001
   
Name RUBY MCGREGOR-SMITH
Address 8, MONARCH COURT, THE BROOMS EMERSONS GREEN, BRISTOL BS16 7FH
Date Of Birth 22 February 1963
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 7 October 2003
   
Name MATTHEW THOMAS HOLTON
Address FIVE ROBINS, LITTLE VIGO, YATELEY, HANTS GU46 6ES
Date Of Birth 12 January 1975
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 31 October 2005
   
Name SUZANNE CLAIRE BAXTER
Address WETHERDENE, 12, RICHMOND ROAD, BATH BA1 5TU
Date Of Birth 16 April 1968
Nationality BRITISH
Occupation COMPANY DIRECTOR
Date Appointed 8 May 2006
   
Name TERRY REGINALD GINGELL
Address 247, NELSON ROAD, TWICKENHAM TW2 7BQ
Date Of Birth 10 January 1957
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 2 May 2007
   
Name DAVID HARPER
Address 15, WATLINGTON, HOOK, HANTS RG27 9TW
Date Of Birth 24 October 1961
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 3 June 1998
   
 
Previous Directors
Name MARSHALL OWEN THOMAS
Address RUSHMOOR, CLEVEDON LANE, CLAPTON IN GORDANO, BRISTOL BS20 7RH
Date Of Birth 19 January 1946
Occupation COMPANY SECRETARY
Date Appointed 29 May 1998
Date Resigned 4 May 2000
   
Name RACHEL E THORNTON
Address SHERWOOD HOUSE, STATION ROAD, SANDFORD, WINSCOMBE, AVON BS25 5RA
Date Of Birth 3 August 1954
Occupation ADMINISTRATOR
Date Appointed 4 July 2000
Date Resigned 17 November 2000
   
Name IAN REGINALD STEWART
Address LULLINGWORTH, STROUD ROAD, PAINSWICK, STROUD, GLOS GL6 6UT
Date Of Birth 31 August 1941
Date Appointed 31 October 2001
Resigned Prior To 20 March 2002
   
Name IAN REGINALD STEWART
Address LULLINGWORTH, STROUD ROAD, PAINSWICK, STROUD, GLOS GL6 6UT
Date Of Birth 31 August 1941
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 31 October 2001
Date Resigned 30 March 2007
   
Name RAYMOND THOMAS OSBORNE
Address 28, RALEIGH CLOSE, CHATHAM, KENT ME5 7SB
Date Of Birth 24 November 1968
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 9 May 2002
Date Resigned 29 April 2005
   
Name MARTIN FRANK REED
Address THE HAVEN, 5, HIGH WAY, BROADSTONE, DORSET BH18 9NB
Date Of Birth 11 September 1962
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 3 June 1998
Date Resigned 3 September 2007
   
Name COLIN STEWART ACHESON
Address 191, SYCAMORE ROAD, FARNBOROUGH, HANTS GU14 6RQ
Date Of Birth 31 March 1951
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 3 June 1998
Date Resigned 2 October 2007
   
Name JOHN DEREK CULLEN
Address 2, BOWENHURST GARDENS, CHURCH CROOKHAM, FLEET, HANTS GU52 6NB
Date Of Birth 3 October 1953
Appointed Prior To 20 March 2001
Resigned Prior To 20 March 2002
   
Name JOHN STEPHEN DAVIES
Address 6, COMPASS FIELD, HOOK, HANTS RG27 9SH
Date Of Birth 22 August 1959
Date Appointed 3 June 1998
Date Resigned 28 September 2001
   
Name COLIN JEFFREY WILLIAMS
Address 64, BERKELEY ROAD, WESTBURY PARK, BRISTOL, AVON BS6 7PL
Date Of Birth 29 November 1956
Occupation CHARTERED ACCCOUNTANT
Appointed Prior To 20 March 2001
Resigned Prior To 20 March 2002
   
Name DAVID MALCOLM TELLING
Address MEETING HOUSE FARM, LONG LANE WRINGTON, BRISTOL BS40 5SP
Date Of Birth 12 August 1938
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 1 May 1998
Date Resigned 10 October 2003
   
Name MARTIN TRENTHAM
Address 90, WHITTINGHAM ROAD, HALESOWEN, WEST MIDLANDS B63 3TP
Date Of Birth 19 November 1964
Nationality BRITISH
Occupation DIRECTOR
Date Appointed 25 April 2000
Date Resigned 21 October 2008
   
 
Company Secretary
Company Name MITIE COMPANY SECRETARIAL SERVICES LIMITED
Address 8, MONARCH COURT, THE BROOMS EMERSONS GREEN, BRISTOL BS16 7FH
Date Appointed 30 June 2006
   
 
Previous Company Secretaries
Name MARSHALL OWEN THOMAS
Address RUSHMOOR, CLEVEDON LANE, CLAPTON IN GORDANO, BRISTOL BS20 7RH
Appointed Prior To 20 March 1999
Date Resigned 4 May 2000
   
Name CORINA KATHERINE ROSS
Address AINSLIE'S COTTAGE, 30B, BELVEDERE, LANSDOWN, BATH BA1 5HR
Date Appointed 4 May 2000
Date Resigned 30 June 2006
   
Name ANTHONY FLOYD WATERS
Address BARLEY WOOD, WRINGTON, BRISTOL
Appointed Prior To 20 March 2001
Date Resigned 31 March 2002
   
Mortgages, Charges and Satisfactions

Charge (1 of 1)
Date Charge Registered 22 July 2000
Charge Type DEED OF RENTAL DEPOSIT
Latest Form Type 395
Date Charge Created 12 July 2000
Lender
MITIE ENGINEERING SERVICES (RETAIL) LIMITED
Secured On THE INITIAL DEPOSIT OF £2,250.00 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF THE DEED
Details THE DEPOSIT ACCOUNT WITH LLOYDS TSB BANK PLC AS SPECIFIED IN THE DEED OF RENT DEPOSIT
 

Legal Notices

No Legal Notices Registered

County Court Judgments

Judgment (1 of 1)
Registered Against MITIE ENGINEERING SERVICES (RETAIL) LTD
  MILLENIUM CENTRE, M4 CROSBY WAY, FARNHAM, GU9 7XX
Amount £1,170
Judgment Date September 2006
Case Number 6MK03220
Court MILTON KEYNES
 
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