| Statutory Information | |||||||
| Previous name(s): | None | ||||||
| Registered Number: | 01800000 | Incorporation Date: | 01/04/1984 | ||||
| Registered Office: | 81 NEWGATE STREET | ||||||
| LONDON | |||||||
| EC1A 7AJ | |||||||
| Latest Filed Accounts: | 31/03/2007 | Date Accounts Lodged: | 01/06/2007 | ||||
| Analysed Accounts: | 31/03/2007 | Accounts Ref. Date: | 31/03 | ||||
| Latest Annual Return: | 09/08/2007 | Issued Capital: GBP | 2,172,438,976 | ||||
| Company Type: | 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 LONDON | ||||||
| Bankers: | HSBC | ||||||
| Auditors: | PricewaterhouseCoopers 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 31/03/2007. | ||||||
| Principal Activities: | A group engaged in the supply of networked IT services, telecommunications services, broadband & internet products & services and converged fixed/mobile products & services. | ||||||
| UK SIC Code(s): |
| ||||||
| Risk Information | ||
| Today's Ratings | ||
| Risk Score | 79 | |
| Credit Limit (GBP): | 500,000,000 | |
| Contract Limit (GBP): | 500,000,000 | |
| Credit Score and Limit Trend | ||
| Year | Risk Score | Credit Limit (GBP) |
| 2007 | 77 | 500,000,000 |
| 2006 | 76 | 500,000,000 |
| 2005 | 76 | 500,000,000 |
| 2004 | 76 | 500,000,000 |
| Tailored Score Guide | ||
| 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. | |
| Notes | ||
| The score has been revised to reflect adverse information re
CCJs. For further details please refer to the full list. The company has been established for more than 23 years. The period to 31/03/2007 saw a slight increase in Sales from £19,514,000,000 to £20,223,000,000. Pre-Tax Profits increased from £3,035,000,000 to £3,471,000,000. The resultant Profit Margin of 17.16% (previous = 15.55%) compares favourably with the industry average of 6.80%. Shareholders Funds increased from £20,028,000,000 to £22,330,000,000, whilst Total Assets decreased from £43,870,000,000 to £43,099,000,000. The resultant Gearing Ratio of 0.52 (Previous = 0.46) compares favourably with the industry average of 0.36. This company operates in a sector which has historically generated a higher level of insolvency relative to the total population. | ||
| County Court Judgments Summary: | Number of exact unsatisfied CCJs 21 Totalling: GBP42,674 | ||
| Number of probable unsatisfied CCJ9 Totalling: GBP13,201 | |||
| Number of possible unsatisfied CCJs: None | |||
| Latest Ten Judgments: | |||
| On 05/10/2007, a judgment of £ 1,305 was made in NORTHAMPTON CCBC court (Case No. 7XE44259) against BRITISH TELECOMMUNICATIONS PLC <, P O BOX 371, PARKWAY BUSINESS PARK, MANCHESTER, M14 0WE, Ref. No. 0810794708 (exact match). | |||
| On 25/09/2007, a judgment of £ 154 was made in NORTHAMPTON CCBC court (Case No. 7QT41583) against BRITISH TELECOMMUNICATIONS PLC <, BRITISH TELECOM, BT CENTRE, 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2609797183 (exact match). | |||
| On 03/08/2007, a judgment of £ 686 was made in TAMWORTH court (Case No. 7QZ40530) against BRITISH TELECOMMUNICATIONS PLC <, PPTH99 TELEPHONE HOUSE, CHARTER SQUARE, SHEFFIELD, S1 1BA, Ref. No. 1308790342 (exact match). | |||
| On 02/07/2007, a judgment of £ 655 was made in BRENTFORD court (Case No. 7BF02129) against BRITISH TELECOMMUNICATIONS PLC <, PROVIDENCE ROW, DURHAM, DH98 1BT, Ref. No. 0307700092 (exact match). | |||
| On 09/05/2007, a judgment of £ 15,125 was made in MEDWAY court (Case No. 7ME00694) against BRITISH TELECOMMUNICATIONS PLC <, 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 1005791439 (exact match). | |||
| On 02/03/2007, a judgment of £ 110 was made in TROWBRIDGE court (Case No. 7TW00165) against BRITISH TELECOMMUNICATIONS PLC <, CORRESPONDENCE CENTRE, DURHAM, DH98 1BT, Ref. No. 0503794975 (exact match). | |||
| On 01/03/2007, a judgment of £ 291 was made in NORTHAMPTON CCBC court (Case No. 7QZ00250) against BRITISHTELECOMMUNICATIONS PLC <, CORRESPONDENCE CENTRE, DURHAM, DH98 1BT, Ref. No. 0203795800 (exact match). | |||
| On 11/01/2007, a judgment of £ 88 was made in TUNBRIDGE WELLS court (Case No. 6TN02281) against BRITISH TELECOMMUNICATIONS PLC <, DURHAM, DH98 1BT, Ref. No. 1501787560 (exact match). Satisfied | |||
| On 08/01/2007, a judgment of £ 200 was made in CARDIFF court (Case No. 6CF08840) against BRITISH TELEMCOMMUNICATIONS PLC <, BT PLC CORRESPONDANCE CENTRE, DURHAM, DH98 1BT, Ref. No. 0901793854 (exact match). Satisfied | |||
| On 24/01/2006, a judgment of £ 4,033 was made in BOURNEMOUTH court (Case No. 5BH01521) against BRITISH TELECOMMUNICATIONS PLC <, R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 3001601581 (exact match). Satisfied | |||
| Ownership | ||||
| GROUP STRUCTURE | ||||
| Holding Company: | None | |||
| Ultimate Holding Company: | BT GROUP PLC | |||
| ALL IMMEDIATE SHAREHOLDINGS ON ICC DATABASE BY TURNOVER | |||||
| Name | Share Class | % Held | Sales ('000) | A/c Date | Status |
| SYNTEGRA LIMITED | ORDINARY | 100.00 | 485,355 | 31/03/2006 | Trading |
| RADIANZ GLOBAL LIMITED | ORDINARY | 100.00 | 406,818 | 31/12/2004 | Trading |
| DABS.COM PLC | ORDINARY | 100.00 | 161,290 | 31/03/2006 | Trading |
| LIVERPOOL DIRECT LIMITED | ORDINARY B | 100.00 | 67,513 | 31/03/2007 | Trading |
| B.I.C. SYSTEMS GROUP LIMITED | ORDINARY | 100.00 | 31,756 | 31/03/2004 | Non Trading |
| BT HOLDINGS LIMITED | ORDINARY | - | 17,330 | 31/03/2006 | Trading |
| AXIOM SYSTEMS HOLDINGS LIMITED | ORDINARY | 6.91 | 13,685 | 31/12/2006 | Trading |
| SOUTHGATE DEVELOPMENTS LIMITED | ORDINARY | 100.00 | 12,301 | 31/03/2006 | Trading |
| SYNTEGRA SERVICES LIMITED | ORDINARY | 100.00 | 11,627 | 31/03/2006 | Trading |
| TRANSCOMM UK LIMITED | ORDINARY | 100.00 | 11,546 | 31/03/2006 | Trading |
| BT SOLUTIONS LIMITED | ORDINARY | 100.00 | 10,451 | 31/03/2006 | Trading |
| I3 IT LIMITED | ORDINARY A | 100.00 | 6,894 | 31/03/2006 | Trading |
| ARGENSYS LIMITED | ORDINARY | 100.00 | 5,907 | 31/03/2006 | Trading |
| BROADBAND VENTURES LIMITED | ORDINARY | 100.00 | 5,419 | 31/03/2006 | Trading |
| PSYTECHNICS LIMITED | ORDINARY | 19.93 | 4,582 | 31/03/2007 | Trading |
| BT CONSUMER ELECTRONICS LIMITED | ORDINARY | 100.00 | 3,453 | 31/03/1992 | Dissolved |
| MOORGATE (ELEVEN) LIMITED | ORDINARY | 100.00 | 1,899 | 31/03/2001 | Dissolved |
| BTEXACT VENTURING LIMITED | ORDINARY | 100.00 | 1,556 | 31/03/2006 | Trading |
| BT FORTY-FIVE LIMITED | ORDINARY | 100.00 | 982 | 31/03/1990 | Dissolved |
| FON WIRELESS LIMITED | PREFERRED A | 3.96 | 956 | 31/12/2006 | Trading |
| BT IGNITE CONTENT HOSTING LIMITED | ORDINARY | 100.00 | 911 | 31/03/2002 | Dissolved |
| BRONZEBASE LIMITED | ORDINARY | 100.00 | 497 | 31/03/2005 | In Liquidation |
| ASSETHOUSE TECHNOLOGY LIMITED | PREFERENCE A | 48.16 | 373 | 31/05/2006 | Trading |
| HOMELINK TECHNOLOGIES LTD. | ORDINARY A | 100.00 | 106 | 31/03/2006 | Trading |
| BROADLAND PARK MANAGEMENT COMPANY LIMITED | ORDINARY B | 9.00 | 77 | 31/12/2006 | Trading |
| UTILITIES CONSORTIUM LIMITED | ORDINARY | 27.20 | 66 | 31/03/1997 | Dissolved |
| IO GLOBAL LIMITED | PREFERRED A | 42.50 | 50 | 31/03/2006 | Trading |
| BTRADIANZ LIMITED | ORDINARY | 99.00 | 14 | 30/09/1993 | Non Trading |
| FERNTECH SYSTEMS LIMITED | ORDINARY | 99.99 | 5 | 31/03/1996 | Dissolved |
| BRITISH TELECOM | ORDINARY | 90.00 | 0 | 31/03/1986 | Non Trading |
| TRANSCOMM PLC | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT SUBSEA CABLES LIMITED | ORDINARY | 100.00 | 0 | 31/03/2007 | Trading |
| ALDERSGATE LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| BT GLOBAL NETWORKS HOLDINGS NO. 2 LIMITED | ORDINARY B | 100.00 | 0 | 31/03/2003 | In Liquidation |
| MOORGATE (ONE) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (TWO) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (THREE) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (FOUR) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (FIVE) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (SIX) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (SEVEN) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (EIGHT) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (NINE) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MOORGATE (TEN) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| BT QUEST LIMITED | ORDINARY | 50.00 | 0 | 31/03/2002 | Dissolved |
| BT INTERKOM HOLDINGS LIMITED | ORDINARY | - | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-ONE | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-TWO | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-THREE | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-FOUR | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-FIVE | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| MOORGATE TWENTY-SIX | ORDINARY | 99.02 | 0 | 31/03/2001 | Dissolved |
| BT FORTY-NINE | PREFERENCE A | 100.00 | 0 | 31/03/2007 | Trading |
| BT INTERNATIONAL NETWORK SERVICES LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| ABBOTSGATE | ORDINARY | 100.00 | 0 | 31/03/2003 | Dissolved |
| HOPTON HEATH LIMITED | ORDINARY | 100.00 | 0 | 31/03/2002 | Dissolved |
| TUDOR MINSTREL | ORDINARY A | 75.00 | 0 | 31/03/2007 | Trading |
| BELCARRA INVESTMENTS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2005 | In Liquidation |
| NEW CELLULAR HOLDINGS PLC | ORDINARY B | 100.00 | 0 | 31/03/2007 | Trading |
| BRADING LIMITED | ORDINARY | 100.00 | 0 | 31/03/2005 | In Liquidation |
| SHORWELL LIMITED | ORDINARY | 100.00 | 0 | 31/03/2007 | Trading |
| LONGMONT HOLDINGS I LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | In Liquidation |
| CULDRAIN HOLDINGS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2002 | Dissolved |
| LONGMONT HOLDINGS II LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | In Liquidation |
| BT HAWTHORN LIMITED | ORDINARY | - | 0 | 31/03/2005 | In Liquidation |
| BT ALDER ONE LIMITED | ORDINARY | 100.00 | 0 | 31/03/2003 | Dissolved |
| BT ALDER TWO LIMITED | ORDINARY | 100.00 | 0 | 31/03/2007 | Trading |
| CASTAIM LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| IGNITE SOLUTIONS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| PLUSFIGURE LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT SIXTY-NINE INTERNATIONAL HOLDINGS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2001 | Dissolved |
| MONDIAL HOUSE NOMINEE 1 LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT CENTRE NOMINEE 1 LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| AUTUMNWINDOW LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT (RRS LP) LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| FASTKEEL LIMITED | ORDINARY | 100.00 | 0 | 31/03/2005 | In Liquidation |
| BT SIXTY-EIGHT LIMITED | ORDINARY | 50.00 | 0 | 31/03/2007 | Trading |
| BT EUROPEAN INVESTMENTS LIMITED | ORDINARY | - | 0 | 31/03/2006 | Trading |
| AUTUMNWINDOW NO.2 LIMITED | ORDINARY | 100.00 | 0 | 31/03/2004 | Non Trading |
| BT FLEET HOLDINGS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT EIGHTY-ONE LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| DELETEWAY LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT NEWGATE INVESTMENTS LIMITED | ORDINARY | 100.00 | 0 | 31/03/2006 | Trading |
| BT EIGHTY-FIVE LIMITED | ORDINARY A | 99.86 | 0 | 31/03/2006 | Trading |
| BT EIGHTY-SIX LIMITED | ORDINARY A | 99.87 | 0 | 31/03/2006 | Trading |
| BT REPAIR SERVICES LIMITED | ORDINARY | 100.00 | - | 31/03/1998 | Dissolved |
| BT (WORLDWIDE) LIMITED | ORDINARY | 50.00 | - | - | Non Trading |
| NEWGATE LEASING LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| BT NOMINEES LIMITED | ORDINARY | 50.00 | - | - | Non Trading |
| JSS LIMITED | ORDINARY | 100.00 | - | 31/03/2000 | Dissolved |
| SCOTLAND CALL CENTRE COMPANY LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| NORTHERN CALL CENTRE COMPANY LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| BT IGNITE SYSTEMS (UK) LIMITED | ORDINARY | 100.00 | - | - | Dissolved |
| BT FIFTY-SEVEN | ORDINARY | 50.00 | - | - | Non Trading |
| BT SEVENTY-SEVEN LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| BT SEVENTY-FIVE LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| BT SEVENTY-EIGHT LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| BT SEVENTY-ONE LIMITED | ORDINARY | 100.00 | - | - | Dissolved |
| BT SEVENTY-TWO LIMITED | ORDINARY | 100.00 | - | - | Non Trading |
| OBNEY HOLDINGS TWO LIMITED | ORDINARY | 100.00 | - | - | Dissolved |
| Profit & Loss Account | |||||
| Date of Accounts | 31/03/2007 | 31/03/2006 | 31/03/2005 | 31/03/2004 | 31/03/2003 |
| 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] | 20,223,000 | 19,514,000 | 18,429,000 | 18,519,000 | 18,727,000 |
| Cost of Sales | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Profit [2] | 2,563,000 | 2,519,000 | 2,961,000 | 2,908,000 | 2,598,000 |
| Non-Trading Income | 3,526,000 | 3,262,000 | 3,145,000 | 266,000 | 2,168,000 |
| Interest Payable | 2,618,000 | 2,746,000 | 2,777,000 | 1,220,000 | 1,609,000 |
| Pre-Tax Profit | 3,471,000 | 3,035,000 | 3,329,000 | 1,954,000 | 3,157,000 |
| Taxation | -72,000 | 792,000 | 817,000 | 539,000 | 459,000 |
| Profit After Tax | 3,543,000 | 2,243,000 | 2,512,000 | 1,415,000 | 2,698,000 |
| Dividends Payable | - | - | - | - | - |
| Retained Profit | 1,213,000 | -310,000 | 1,484,000 | 491,000 | 2,099,000 |
| Value Added | 9,615,464 | 9,463,016 | 9,672,456 | 9,879,576 | 9,601,064 |
| Balance Sheet | |||||
| Date of Accounts | 31/03/2007 | 31/03/2006 | 31/03/2005 | 31/03/2004 | 31/03/2003 |
| 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] | 15,975,000 | 16,755,000 | 17,012,000 | 17,037,000 | 17,073,000 |
| Intangible Fixed Assets | 2,584,000 | 1,908,000 | 1,254,000 | 204,000 | 218,000 |
| Total Fixed Assets | 18,559,000 | 18,663,000 | 18,266,000 | 17,241,000 | 17,291,000 |
| Stocks | 133,000 | 124,000 | 106,000 | 89,000 | 82,000 |
| Trade Debtors | 1,592,000 | 1,662,000 | 1,927,000 | 2,131,000 | 2,249,000 |
| Cash | 1,058,000 | 1,942,000 | 1,193,000 | 47,000 | 89,000 |
| Miscellaneous Current Assets [4] | 21,757,000 | 21,479,000 | 25,443,000 | 25,544,000 | 26,991,000 |
| Total Current Assets | 24,540,000 | 25,207,000 | 28,669,000 | 27,811,000 | 29,411,000 |
| Creditors: Amounts falling due within one year [5] | 10,469,000 | 10,177,000 | 12,415,000 | 8,543,000 | 9,680,000 |
| Total Assets less Current Liabilities | 32,630,000 | 33,693,000 | 34,520,000 | 36,509,000 | 37,022,000 |
| Total Liabilities | 20,769,000 | 23,842,000 | 27,799,000 | 23,519,000 | 25,575,000 |
| Share Capital & Reserves [7] | 10,930,000 | 10,977,000 | 11,042,000 | 11,030,000 | 11,030,000 |
| P & L Account Reserve | 11,400,000 | 9,051,000 | 8,094,000 | 10,503,000 | 10,097,000 |
| Revaluation Reserve | 0 | 0 | 0 | 0 | 0 |
| Shareholders Funds | 22,330,000 | 20,028,000 | 19,136,000 | 21,533,000 | 21,127,000 |
| Capital Employed | 32,630,000 | 33,693,000 | 34,520,000 | 36,509,000 | 37,022,000 |
| Net Worth | 19,746,000 | 18,120,000 | 17,882,000 | 21,329,000 | 20,909,000 |
| Working Capital | 14,071,000 | 15,030,000 | 16,254,000 | 19,268,000 | 19,731,000 |
| Contingent Liabilities | - | - | - | - | - |
| Cash Flow | |||||
| Date of Accounts | 31/03/2007 | 31/03/2006 | 31/03/2005 | 31/03/2004 | 31/03/2003 |
| 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 | 5,620,000 | 7,180,000 | 5,901,000 | 5,385,000 | 6,023,000 |
| Net Cash Flow from Return on Investment and Servicing of Finance | -2,626,000 | -3,453,000 | -1,912,000 | -1,369,000 | -1,870,000 |
| Net Cash Flow before Financing | -266,000 | 3,516,000 | 1,539,000 | 2,285,000 | 2,451,000 |
| Net Cash Flow from Financing | -488,000 | -2,946,000 | -1,293,000 | -2,301,000 | -2,472,000 |
| Increase in cash | -754,000 | 570,000 | 246,000 | -16,000 | -21,000 |
| Accounts Notes | |||||
| Date of Accounts | 31/03/2007 | 31/03/2006 | 31/03/2005 | 31/03/2004 | 31/03/2003 |
| 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) |
| [1] Exports | - | - | - | - | - |
| [2] Operating Profit is after charging the following | |||||
| Employees Remuneration | 4,091,000 | 3,904,000 | 3,639,000 | 3,669,000 | 3,616,000 |
| Directors Remuneration | 5,475 | 4,809 | 3,276 | 3,835 | 4,899 |
| Audit Fees | 3,061 | 1,883 | 4,108 | 3,730 | 2,908 |
| Non-Audit Fees | 6,264 | 7,295 | 5,868 | 5,260 | 9,533 |
| Depreciation | 2,536,000 | 2,634,000 | 2,694,000 | 2,921,000 | 3,011,000 |
| Average Number of Employees (actual) | 105,200 | 103,000 | 102,100 | 103,100 | 107,400 |
| [3] Tangible Assets consist of | |||||
| Fixed Assets | 14,997,000 | 15,222,000 | 15,391,000 | 15,487,000 | 15,888,000 |
| Intermediate Assets | 978,000 | 1,533,000 | 1,621,000 | 1,550,000 | 1,185,000 |
| which includes: | |||||
| -Due from Group, Non-Current | 157,000 | 325,000 | 0 | 28,000 | 20,000 |
| [4] Miscellaneous Current Assets includes: | |||||
| -Due from Group, Current | 18,742,000 | 18,814,000 | 19,469,000 | 18,497,000 | 18,489,000 |
| [5] Creditors: Amounts falling due within one year consists of: | |||||
| Trade Creditors | 3,717,000 | 3,466,000 | 2,921,000 | 2,308,000 | 2,775,000 |
| a Bank Overdraft | 51,000 | 181,000 | 2,000 | 2,000 | 4,000 |
| Miscellaneous Current Liabilities includes: | 6,701,000 | 6,530,000 | 9,492,000 | 6,233,000 | 6,901,000 |
| b -Bank Loans - Current Portion | 0 | 0 | 0 | 0 | 0 |
| c Other Short-Term Finance, including: | 3,050,000 | 2,809,000 | 4,940,000 | 1,271,000 | 2,547,000 |
| -Due to Group, Current | 290,000 | 718,000 | 306,000 | 1,000 | 2,000 |
| -Due to Directors, Current | 0 | 0 | 0 | 0 | 0 |
| -Other Current Liabilities | - | - | - | - | - |
| Short-Term Loans (a+b+c) | 3,101,000 | 2,990,000 | 4,942,000 | 1,273,000 | 2,551,000 |
| [6] Total Long-Term Liabilities consists of: | |||||
| Long-Term Loans, which consists of: | 7,932,000 | 9,260,000 | 8,568,000 | 12,426,000 | 13,456,000 |
| -Long-Term Bank Loans | 147,000 | 240,000 | 240,000 | 480,000 | 558,000 |
| -Other Long-Term Finance including: | 7,785,000 | 9,020,000 | 8,328,000 | 11,946,000 | 12,898,000 |
| -Due to Group, Non-Current | 0 | 0 | 0 | 0 | 0 |
| -Due to Directors, Non-Current | 0 | 0 | 0 | 0 | 0 |
| Other Long-Term Liabilities | 2,368,000 | 4,405,000 | 6,816,000 | 2,550,000 | 2,439,000 |
| [7] Share Capital and Reserves consists of: | |||||
| Called-up Share Capital | 2,172,000 | 2,172,000 | 2,172,000 | 2,172,000 | 2,172,000 |
| Sundry Reserves | 8,758,000 | 8,805,000 | 8,870,000 | 8,858,000 | 8,858,000 |
| Ratios | |||||
| Date of Accounts | 31/03/2007 | 31/03/2006 | 31/03/2005 | 31/03/2004 | 31/03/2003 |
| Acid Ratio | 2.33 | 2.46 | 2.30 | 3.24 | 3.03 |
| Profit/Capital Employed | 10.64 | 9.01 | 9.64 | 5.35 | 8.53 |
| Current Liquidity | 2.34 | 2.48 | 2.31 | 3.26 | 3.04 |
| Profit/Sales (%) | 17.16 | 15.55 | 18.06 | 10.55 | 16.86 |
| Interest Burden | 43.00 | 47.50 | 45.48 | 38.44 | 33.76 |
| Stock Turnover (days) | 2.40 | 2.32 | 2.10 | 1.75 | 1.60 |
| Days Sales Outstanding (DSO) | 28.73 | 31.09 | 38.17 | 42.00 | 43.83 |
| Cash Cycle (days) | 31.13 | 33.41 | 40.27 | 43.76 | 45.43 |
| Days Purchases Outstanding (DPO) | - | - | - | - | - |
| Creditor Days | 67.09 | 64.83 | 57.85 | 45.49 | 54.09 |
| Profit/Total Assets (%) | 8.05 | 6.92 | 7.09 | 4.34 | 6.76 |
| Profit/ Shareholders Funds (%) | 15.54 | 15.15 | 17.40 | 9.07 | 14.94 |
| Sales/Total Assets (%) | 46.92 | 44.48 | 39.26 | 41.11 | 40.10 |
| Sales/Fixed Assets | 1.35 | 1.28 | 1.20 | 1.20 | 1.18 |
| Working Capital/Sales (%) | 69.58 | 77.02 | 88.20 | 104.04 | 105.36 |
| Total Debt/Net worth (%) | 55.87 | 67.60 | 75.55 | 64.23 | 76.56 |
| Shareholders Funds/Total Assets | 0.52 | 0.46 | 0.41 | 0.48 | 0.45 |
| Long-term Debt/Net Worth (%) | 40.17 | 51.10 | 47.91 | 58.26 | 64.36 |
| Interest/Pre-interest Profit | 43.00 | 47.50 | 45.48 | 38.44 | 33.76 |
| Total Debt/Working Capital (%) | 0.78 | 0.82 | 0.83 | 0.71 | 0.81 |
| Average Employee Remuneration (£) | 38,888 | 37,903 | 35,642 | 35,587 | 33,669 |
| Wages/Sales (%) | 20.23 | 20.01 | 19.75 | 19.81 | 19.31 |
| Profit per Employee (£) | 32,994 | 29,466 | 32,605 | 18,952 | 29,395 |
| Sales per Employee (£) | 192,234 | 189,456 | 180,500 | 179,622 | 174,367 |
| Capital Employed per Employee (£) | 310,171 | 327,117 | 338,100 | 354,113 | 344,711 |
| Total Fixed Assets per Employee (£) | 176,416 | 181,194 | 178,903 | 167,226 | 160,996 |
| Total Assets per Employee (£) | 409,686 | 425,922 | 459,696 | 436,974 | 434,842 |
| Creditors/Debtors | 2.33 | 2.09 | 1.52 | 1.08 | 1.23 |
| Debtors/Total Assets (%) | 3.69 | 3.79 | 4.11 | 4.73 | 4.82 |
| Current Liabilities/Stocks | 78.71 | 82.07 | 117.12 | 95.99 | 118.05 |
| Exports/Sales (%) | - | - | - | - | - |
| Sales/Audit Fees | 6,606.66 | 10,363.25 | 4,486.12 | 4,964.88 | 6,439.82 |
| Total Assets/ Audit Fees | 14,080.04 | 23,297.93 | 11,425.27 | 12,078.28 | 16,059.83 |
| Growth Rates | ||||
| 1 year | 2 year | 3 year | 4 year | |
| Turnover | 3.6 | 9.7 | 9.2 | 8.0 |
| Pre-tax Profit | 14.4 | 4.3 | 77.6 | 9.9 |
| Audit Fees | 62.6 | -25.5 | -17.9 | 5.3 |
| Directors Remuneration | 13.8 | 67.1 | 42.8 | 11.8 |
| Number of Employees | 2.1 | 3.0 | 2.0 | -2.0 |
| Employees Remuneration | 4.8 | 12.4 | 11.5 | 13.1 |
| Fixed Assets | -1.5 | -2.6 | -3.2 | -5.6 |
| Tangible Assets | -4.7 | -6.1 | -6.2 | -6.4 |
| Total Fixed Assets | -0.6 | 1.6 | 7.6 | 7.3 |
| Stocks | 7.3 | 25.5 | 49.4 | 62.2 |
| Trade Debtors | -4.2 | -17.4 | -25.3 | -29.2 |
| Total Current Assets | -2.6 | -14.4 | -11.8 | -16.6 |
| Total Assets | -1.8 | -8.2 | -4.3 | -7.7 |
| Trade Creditors | 7.2 | 27.3 | 61.0 | 33.9 |
| Short-Term Loans | 3.7 | -37.3 | 143.6 | 21.6 |
| Total Current Liabilities | 2.9 | -15.7 | 22.5 | 8.2 |
| Net Cash | -42.8 | -15.4 | 2,137.8 | 1,084.7 |
| Shareholders Funds | 11.5 | 16.7 | 3.7 | 5.7 |
| Net Worth | 9.0 | 10.4 | -7.4 | -5.6 |
| Long-Term Loans | -14.3 | -7.4 | -36.2 | -41.1 |
| Long-Term Liabilities | -24.6 | -33.0 | -31.2 | -35.2 |
| Capital Employed | -3.2 | -5.5 | -10.6 | -11.9 |
| Company/Industry Comparison | ||||
| This comparison is based on the results of 4982 companies in the same industrial sector: 64200 Telecommunications | ||||
| Company | Industry Averages | |||
| 31/03/2007 | Lower | Median | Upper | |
| Performance | ||||
| Profit/Sales (%) | 17.16 | -2.15 | 6.80 | 30.00 |
| Profit/Capital Employed (%) | 10.64 | 0.68 | 45.00 | 136.67 |
| Profit/Total Assets (%) | 8.05 | -6.14 | 9.02 | 57.14 |
| Profit/Shareholders Funds (%) | 15.54 | 8.34 | 64.38 | 166.67 |
| Turnover | ||||
| Sales/Total Assets (%) | 46.92 | 81.25 | 200.00 | 371.47 |
| Sales/Fixed Assets (%) | 1.35 | 4.51 | 19.88 | 61.96 |
| Working Capital/Sales (%) | 69.58 | 19.45 | 3.23 | -7.47 |
| Stock Turnover (days) | 2.40 | 30.00 | 9.00 | 3.00 |
| Credit Period (days) | 28.73 | 57.85 | 29.44 | 0.00 |
| Creditor Days | 67.09 | 38.93 | 10.74 | 0.00 |
| Liquidity | ||||
| Current Ratio | 2.34 | 0.72 | 1.10 | 1.85 |
| Liquidity Ratio | 2.33 | 0.63 | 1.03 | 1.76 |
| Gearing | ||||
| Total Debt/Net Worth (%) | 55.87 | 170.76 | 31.67 | 0.58 |
| Shareholders Funds/Total Assets | 0.52 | 0.12 | 0.36 | 0.62 |
| Long Term Debt/Net Worth (%) | 40.17 | 11.07 | 0.00 | 0.00 |
| Interest/Pre-interest Profit | 43.00 | 12.59 | 0.41 | 0.00 |
| Total Debt/Working Capital | 0.78 | 2.15 | 0.25 | 0.00 |
| Employee | ||||
| Average Employee Remuneration (£) | 38,888 | 22,316 | 34,750 | 47,991 |
| Wages/Sales (%) | 20.23 | 31.54 | 17.89 | 9.47 |
| Profit per Employee (£) | 32,994 | -19,326 | 3,089 | 23,024 |
| Sales per Employee (£) | 192,234 | 66,604 | 169,856 | 363,079 |
| Capital Employed per Employee (£) | 310,171 | 3,220 | 30,593 | 135,530 |
| Total Fixed Assets per Employee (£) | 176,416 | 3,445 | 22,208 | 113,283 |
| Total Assets per Employee (£) | 409,686 | 50,125 | 128,964 | 339,529 |
| Other | ||||
| Creditors/Debtors | 2.33 | 0.53 | 1.16 | 2.20 |
| Debtors/Total Assets (%) | 3.69 | 2.23 | 25.88 | 55.38 |
| Current Liabilities/Stocks | 78.71 | 2.95 | 7.00 | 20.76 |
| Exports/Sales (%) | - | 0.00 | 0.00 | 2.70 |
| Sales/Audit Fees | 6,606.66 | 277.05 | 609.87 | 1,267.60 |
| Total Assets/Audit Fees | 14,080.04 | 186.80 | 406.13 | 1,183.48 |
| Filing History | ||||
| 02/07/2007 | Change among the directors of a company | |||
| 07/07/2003 | Alteration in memorandum or articles of association | |||
| 07/05/2003 | Particulars of a mortgage or charge | |||
| 18/06/2002 | Particulars of a mortgage or charge | |||
| 23/05/2002 | Returns of allotments of a public company | |||
| 15/05/2002 | Particulars of a mortgage or charge | |||
| 08/05/2002 | Particulars of a mortgage or charge | |||
| 27/12/2001 | Particulars of a mortgage or charge | |||
| 24/12/2001 | Particulars of a mortgage or charge | |||
| 21/12/2001 | Particulars of a mortgage or charge | |||
| Directors | ||||
| Company Secretaries | ||||
| HEATHER GWENDOLYN BRIERLEY | ||||
| Directors | ||||
| BERNARDUS JOHANNES MARIA VERWAAYEN | ||||
| GLYN PARRY | ||||
| HANIF MOHAMED LALANI | ||||