In order to ensure the accuracy of this report, certain information has been verified.
Company Identification Details
Subject Reported on
A.Z.C.(UK) LIMITED
Registration Number
98888888
Address
CHURCH ROAD, MAIDSTONE, KENT, ME19 1AR.
Telephone
01622 222222
Facsimile
01622 222223
Email
contact@testazc.co.uk
Web Address
www.testazc.co.uk
Creditline Recommendations
Graydon Rating
2B
GBP 20m-49m financial strength rating based on net worth plus net current assets/liabilities
Monthly Credit Guide
GBP 298,000
Risk Category
LOW RISK
Odds of Financial Stress (next 12 months)
70.90 / 1
The definition of 'Financial Stress' is either Dissolution, Liquidation, Receivership, Petition for Winding-up, Resolution for Winding-up, Winding-up Order, Creditors Meeting or Administration.
XSeption Summary
Number of XSeptions
0
Note : An 'XSeption' is only recorded when unusual patterns of behaviour or financial results have been identified.
Payment Behaviour
Indicator in Poor zone -
Stricter payment terms and close supervision of the account is recommended. Indicator in Normal zone -
Will need chasing from time to time. Indicator in Good zone -
Likely to pay invoices on or near to due date.
The payment behaviour gauge (above) indicates how fast the subject may pay its creditors based on information provided to Graydon from its trade payment programme, county courts and financial statements.
Official Company Data
Legal Form
Private Limited
Registration Number
98888888
Subject Status
Trading
Date of Incorporation
31/03/1984
Registered Office
CHURCH RD, MAIDSTONE, KENT, HA20 AAA.
History
6/02/2008 : Change of name from test 2 of a change of name.
At heading address since 1989.
Previously located at 22 HIGH STREET, MAIDSTONE, KENT ME19 1AR.
Date of Last Annual Return to Registry
01/06/2007
Registered Objectives
TO CARRY ON BUSINESS AS GENERAL MERCHANTS
Accounts
The last filed accounts at Companies House are those to
31/05/2007
Operations
Activities
THE MANUFACTURE AND SALE OF BUILDING MATERIALS, PRIMARILY CEMENT, READY-MIXED CONCRETE AND BRICKS.
Nace Code
2651
Premises
Owned,Offices,Warehouse,Factory
Staff Employed
489
Trading Divisions
AZC AGGREGATES
Trade Names
THE BUILDING SPECIALISTS
Product Names
BRIX-FILLA
Import Countries
GERMANY
Export Countries
ALL OVER THE WORLD
Bankers
NATIONAL WESTMINSTER BANK PLC
Address
P.O.BOX 4, 3 HIGH STREET, MAIDSTONE, KENT, ME14 1XU.
Sort Code
606008
Branches
15 FACTORIES THROUGHOUT THE UK, INCLUDING LIVERPOOL BRISTOL, MANCHESTER LEEDS BIRMINGHAM, GLASGOW DERBY AND NOTTINGHAM..
Associated Companies
A.Z.C.BUILDING LIMITED
A.Z.C.ROOFING LIMITED
A.Z.C.SURVEYING LIMITED
Subsidiaries
WAREHOUSE PACKAGING LIMITED
Historical Graydon Rating
Date
Graydon Rating
Monthly Credit Guide
22/02/2008
2B
298,000
22/11/2007
2B
298,000
22/08/2007
2B
238,000
22/05/2007
2A
464,000
22/02/2007
X
0
Public Record Information
Summary of CCJ's/Scottish Decrees
Period
Last 72 Months
Last 36 Months
Last 18 Months
Amount Summary
8,257
3,257
2,414
Count Summary
7
6
5
Unsettled Amount Summary
8,257
3,257
2,414
Highest Amount Summary
5,000
1,526
1,526
Details of the most recent CCJ's/Scottish Decrees
Date
Amount
Type
Case No
Satisfied
Court
01/05/2007
67
Judgment
876
BARNET
05/04/2007
76
Judgment
87
31/03/2007
320
Judgment
234567
MAIDSTONE
04/01/2007
425
Judgment
456895
MAIDSTONE
28/11/2006
1,526
Judgment
345678
MAIDSTONE
28/06/2006
843
Judgment
69528
MAIDSTONE
20/04/2002
5,000
Judgment
12345
MAIDSTONE
Summary of Mortgages, Charges and Satisfactions
Total Number of Mortgages/Charges Registered
1
Number Outstanding
0
Number Partially Satisfied
0
Number Satisfied
1
Date of Latest Mortgage Created
11/04/1996
Date of Latest Satisfaction
22/08/2003
Details of most recent Mortgages, Charges and Satisfactions
Date Fully
Satisfied
Date
Registered
Date
Created
Charge
Description
Form Type
Lender
22/08/2003
13/04/1996
11/04/1996
Deed Of Deposit
395
Sample Property Holdings Limited
It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.
Other Filings and Notices
Date
Source
Description
Company Secretary
Secretary
MR ROBERT SMITH
Address
4 HIGH STREET, DOVER, KENT, CT19 1ZZ.
Date of Birth
06/05/1962
Directors
Managing Director
MR RAYMOND CORRIGAN
Address
215 PARADISE WAY, BASINGSTOKE, HANTS, RG20 1SD.
Date of Birth
24/11/1973
Director
MR JONATHAN GALBRAITH
Address
FLAT 1, 66 PARK AVENUE, LONDON, W1A 8DF.
Date of Birth
15/10/1968
Financial Director
MR GRAHAM JOHNSON
Address
98 COOPERS WAY, LEEDS, W. YORKS, LS2 2QW.
Date of Birth
12/04/1980
Director
MR STEPHEN COLLIER
Address
11 GAVEL ROAD, BASINGSTOKE, HANTS, RG19 1EE.
Date of Birth
19/08/1949
Senior Executive
MR CHRISTOPHER BRYANT
Address
2 HORSECROFT ROAD, BURNT OAK EDGWARE, MIDDLESEX, HA8 6PL.
Date of Birth
01/01/1968
Share Capital
Shares
ORDINARY ONE POUND EACH
Issued Number
2,500,000
Nominal Number
3,000,000
Shares
PREFERENCE FIFTY PENCE EACH
Issued Number
524,000
Nominal Number
1,000,000
Principal Shareholder
3,023,999 A.Z.C.(HOLDINGS) LIMITED
1 MR ROBERT SMITH & A.Z.C.(HOLDINGS) LIMITED
The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.
Holding Company
A.Z.C.(HOLDINGS) LIMITED
Ultimate Parent
A.Z.C.INC., a company incorporated in USA
General Information
10/12/2005
The subject has won a 5 year contract worth GBP30 million for the supply of ready-mix concrete.
10/06/2006
The subject has recently opened two new factories in the north-east ofEngland (Newcastle-upon-Tyne and Sunderland)
Financial Data
Profit and Loss
The following figures are shown in units of 1000
Number of Weeks
52
52
52
52
Accounts Date
31/05/2007
31/05/2006
31/05/2005
31/05/2004
Consolidated
Yes
Yes
Yes
Yes
Currency
GBP
GBP
GBP
GBP
SALES
21259
19764
18366
20255
UK sales
17848
16589
15896
17563
Export
3411
3175
2470
2692
Cost of goods sold
9123
8966
8036
10340
GROSS PROFIT
12136
10798
10330
9915
Wages and Salaries
8442
7736
7076
6289
Directors Emoluments
418
471
366
361
Auditors Fees
58
57
56
56
Trading Profit
3218
2534
2832
3209
Depreciation
994
879
901
1005
OPERATING PROFIT
2224
1655
1931
2204
Non Trading Income
118
172
236
282
Interest Payable
85
7
40
132
PRE TAX PROFIT
2257
1820
2127
2354
Taxation
1085
554
742
848
PROFIT AFTER TAX
1172
1266
1385
1506
Dividends Payable
733
994
994
994
RETAINED PROFITS
439
272
391
512
Balance Sheet
The following figures are shown in units of 1000
Number of Weeks
52
52
52
52
Accounts Date
31/05/2007
31/05/2006
31/05/2005
31/05/2004
Consolidated
Yes
Yes
Yes
Yes
Currency
GBP
GBP
GBP
GBP
TOTAL FIXED ASSETS
8888
7521
6322
6390
Tangible Assets
8488
7476
6256
6390
Fixed Assets
8329
7317
6097
6218
Intermediate assets
159
159
159
172
Intangible Assets
400
45
66
TOTAL CURRENT ASSETS
14249
13265
14664
14819
Trade debtors
4232
4641
3742
4232
Stocks
6231
5949
6049
5004
Other Current Assets
3786
2675
4873
5583
Misc Current Assets
243
495
456
533
Cash
3543
2180
4417
5050
TOTAL ASSETS
23137
20786
20986
21209
TOTAL CURRENT LIABILITIES
5424
3698
3995
4317
Trade creditors
2985
1351
1310
945
Short Term Loans
189
151
26
1212
Bank Overdraft
85
60
20
895
Bank Loans
39
39
3
186
Other Finance
65
52
3
131
Other Liabilities
2250
2196
2659
2160
WORKING CAPITAL
8825
9567
10669
10502
TOTAL LONG TERM LIABS
286
355
536
247
Long Term Loans
226
255
398
52
Bank Loans
199
199
228
38
Other Finance
27
56
170
14
Other Liabilities
60
100
138
195
NET ASSETS/(LIABILITIES)
17427
16733
16455
16645
SHARE CAPITAL + RESERVES
17427
16733
16455
16645
Share Cap + Sundry Res
6626
6626
6626
6626
Issued Share Capital
2762
2762
2762
2762
Sundry Reserves
3864
3864
3864
3864
Revaluation Reserves
1848
1593
1625
1657
Profit and Loss account
8953
8514
8204
8362
SHAREHOLDERS FUNDS
17427
16733
16455
16645
CAPITAL EMPLOYED
17713
17088
16991
16892
Financial Comparison
The following figures are shown in units of 1000
Number of Weeks
52
52
52
52
Accounts Date
31/05/2007
31/05/2006
31/05/2005
31/05/2004
Consolidated
Yes
Yes
Yes
Yes
Currency
GBP
GBP
GBP
GBP
Net Cashflow from Oper.
(1434)
1649
3344
3887
Increase in Cash
1363
(2237)
(633)
(1122)
Directors Remuneration
418
471
366
361
Auditors Remuneration
58
57
56
56
Liquid Assets
7775
6821
8159
9282
Net Working Capital
8825
9567
10669
10502
Long Term Debt(>12 Months)
226
255
398
52
Other Deferred Liabs
60
100
138
195
Tangible Net Worth(T.N.W)
17027
16688
16389
16645
Equity
17427
16733
16455
16645
Number of Years Trading
23
22
21
20
Number of Employees
489
446
412
451
Profit per Employee
4615.5
4080.7
5162.6
5219.5
Sales per Employee
43474.4
44313.9
44577.7
44911.3
Key Credit Ratios
The following figures are shown as Ratios or Percentages
Accounts Date
31/05/2007
31/05/2006
31/05/2005
31/05/2004
Consolidated
Yes
Yes
Yes
Yes
Current Ratio
2.6
3.6
3.7
3.4
Pre Tax Profit Margin%
10.6
9.2
11.6
11.6
Gross Profit%
57.1
54.6
56.2
49
Debtors Days (D.S.O)
73
86
74
76
Creditors Days (D.P.O)
51
25
26
17
Quick Ratio
1.5
2
2.2
2.3
W.I.P/Inventory Days
249.3
242.2
274.7
176.6
Return on Investment%
13.1
10.6
12.7
13.7
Return on Assets%
9.8
8.8
10.1
11.1
T.N.W/Total Assets%
73.6
80.3
78.1
78.5
Return on Capital%
12.7
10.7
12.5
13.9
Rtn on Shareholders Funds%
13
10.9
12.9
14.1
Working Capital/Sales%
41.5
48.4
58.1
51.8
Borrowing Ratio%
2.4
2.4
2.6
7.6
Equity Gearing%
305.2
412.9
363.2
364.7
Stock Turnover
3.4
3.3
3
4
Days Purchases Outstanding
119.4
55
59.5
33.4
Key Industry Sector Trends
Year
2006
2005
2004
2003
Sample Size
67
67
69
68
Pre-Tax Profit Margin
14.4
13.9
12.5
10.5
Current Ratio
1.9
2
1.4
1.4
Borrowing Ratio
103.4
116.9
115.2
200
Return on Capital
29.9
36.9
23.8
34.1
Creditors Days
27
36
51
39
Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector :
Manufacture of cement, lime and plaster
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/05/2007.
Turnover
Turnover has increased from GBP 19,764,000 to GBP 21,259,000, a growth of 8 % in the period.
Operating Profit
Totalled GBP 2,224,000. In the year prior a Profit of GBP 1,655,000 was achieved.
Pre Tax Profit
The subject's profit increased by 24 % in the year.
Working Capital
The company's working capital remains positive but reduced by 8 % in the period.
Net Worth
Net worth has increased by 4 % and now stands at GBP 17,427,000.
Fixed Assets
The subject's fixed assets increased during the year by GBP 1,367,000 to GBP 8,888,000 and are now 38 % of total assets compared with 36 % in the previous year.
Long Term Liabilities
The company's long term liabilities reduced during the period by 19 % and are now 2 % of net worth compared with 2 % in the previous period.
Long Term Liabilities
Long term liabilities are now 1 % of total liabilities compared with 2 % in the previous period.