CARDINAL LOFTS COMPANY LIMITED Credit Check Report

Company Overview

Cardinal Lofts Company Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 27 March 2003, so this is a well established company. Cardinal Lofts Company Limited has been in business for 23 years. The accounts status is total exemption small and the accounts are next due on Monday 29 May 2017.

Registered Address

C/O Ad Business Recovery Limited, 2Nd Floor Milstrete House, 29 New Street, Chelmsford, Essex, CM1 1NT

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Companies House Data

Company Name	CARDINAL LOFTS COMPANY LIMITED
Company Number	04714223
Registered Office Address	C/O Ad Business Recovery Limited, 2nd Floor Milstrete House
	29 New Street
	CM1 1NT
Company Category	Private Limited Company
Company Status	Liquidation
Country of Origin	United Kingdom
Incorporation Date	27/03/2003
Accounting Reference Date Day	29
Accounting Reference Date Month	8
Accounts Next Due Date	29/05/2017
Accounts Last Made Up Date	31/08/2015
Accounts Account Category	TOTAL EXEMPTION SMALL
Returns Next Due Date	24/04/2017
Returns Last Made Up Date	27/03/2016

Directors & Members

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	John Di Carlo - Director (British, 75 years old, born October 1951) Appointed 24 November 2003, Resigned 07 April 2004	Resigned
	Richard Francis - Director (British, 64 years old, born April 1962) Appointed 24 May 2004, Resigned 14 January 2009	Resigned
	Maxwell Hembry - Director (British, 67 years old, born July 1959) Appointed 27 March 2003, Resigned 24 November 2003	Resigned
	Quinton Hembry - Director (British, 68 years old, born January 1958) Appointed 27 March 2003, Resigned 25 November 2003	Resigned
	Maxwell Hembry - Director (British, 67 years old, born July 1959) Appointed 29 August 2008	Active
	Quinton Hembry - Director (British, 68 years old, born January 1958) Appointed 16 July 2009	Active
	Eamonn Killoughery - Director (British, 64 years old, born May 1962) Appointed 27 March 2003, Resigned 06 August 2008	Resigned
	Waterlow Nominees Limited - Nominee Director Appointed 27 March 2003, Resigned 27 March 2003	Resigned
	Waterlow Secretaries Limited - Nominee Secretary Appointed 27 March 2003, Resigned 27 March 2003	Resigned

Secretaries

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	Quinton Hembry - Secretary (British) Appointed 27 March 2003, Resigned 25 November 2003	Resigned
	Patricia Stevens - Secretary (British) Appointed 25 November 2003, Resigned 08 May 2019	Resigned
	Waterlow Secretaries Limited - Nominee Secretary Appointed 27 March 2003, Resigned 27 March 2003	Resigned

Other Company Directorships

Maxwell Hembry
ANGLIAN BUILDING SERVICES LTD
APPLEKIRK HOLDINGS LIMITED
APPLEKIRK PROPERTIES LIMITED
BEALINGS LAND LIMITED
BLACKACRE INVESTMENTS LIMITED
BRACEFORCE (IPSWICH) LIMITED
BRACEFORCE (RUSHBROOKS) LIMITED
BRACEFORCE CONSTRUCTION LIMITED
BRACEFORCE LIMITED
BRACEFORCE PROPERTIES LIMITED
BRACEFORCE WAREHOUSING LIMITED
CARDINAL LOFTS (CAFE) LIMITED
CARDINAL LOFTS (DEVELOPMENTS) LIMITED
CARDINAL LOFTS (INVESTMENTS) LIMITED
CARDINAL LOFTS (MILL) LIMITED
CARDINAL LOFTS (RETAIL) LIMITED
CARDINAL LOFTS (VICTORIAN BUILDING) LIMITED
CARDINAL LOFTS RESIDENTS MANAGEMENT COMPANY LIMITED
CDV DEVELOPMENTS LIMITED
CL BUREAU LTD
CL RESOURCES LIMITED
FOUNDRY LANE DEVELOPMENTS LTD
MESSINA HEMBRY HOLDINGS LTD
MILL HOUSE DEVELOPMENTS (IPSWICH) LIMITED
MJMH ONLINE LIMITED
MMJ CONSTRUCTION LTD
REGATTA HOLDINGS LTD
SECKFORD DEVELOPMENTS LIMITED

Balance Sheet

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Accounts Date	30-Aug-2015	30-Aug-2014	30-Aug-2013
Balance Sheet
Fixed Assets	1,500,683	1,501,025	1,500,000
Current Assets	739,566	567,248	640,127
Creditors Due Within One Year	2,049,487	1,823,877	1,785,141
Working Cap	-1,309,921	-1,256,629	-1,145,014
Total Assets Less Current Liabilities	190,762	244,396	354,986
Long-term Liabilities	0	0	0
Net Assets	190,762	244,396	354,986
Share Capital & Reserves
Share Cap	1,000	1,000	1,000
Profit & Loss Reserves	-601,238	-547,604	-437,014
Other Reserves	791,000	791,000	791,000
Shareholders Funds	190,762	244,396	354,986

Common Size Financial Analysis

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Accounts Date	30-Aug-2015	30-Aug-2014	30-Aug-2013
Tangible Fixed Assets	67.0%	72.6%	70.1%
Fixed Assets	67.0%	72.6%	70.1%
Stocks Inventory	27.2%	26.1%	25.2%
Debtors	5.3%	1.3%	4.6%
Cash Bank In Hand	0.5%	0.0%	0.0%
Current Assets	33.0%	27.4%	29.9%
Creditors Due Within One Year	91.5%	88.2%	83.4%
Net Current Assets Liabilities	-58.5%	-60.8%	-53.5%
Creditors Due After One Year	-	0.0%	0.0%
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	-	11.8%	16.6%
Called Up Share Capital	0.0%	0.0%	0.0%
Share Capital Allotted Called Up Paid	0.0%	0.0%	0.0%
Profit Loss Account Reserve	-26.8%	-26.5%	-20.4%
Shareholder Funds	8.5%	11.8%	16.6%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	8.5%	11.8%	16.6%

Financial Ratio Analysis

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Accounts Date	30-Aug-2015	30-Aug-2014	30-Aug-2013
Liquidity Ratio	0.4	0.3	0.4
Solvency Ratio	1.1	1.1	1.2
Reserves to Assets	-0.3	-0.3	-0.2

Secured Creditors

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Mortgages Charges	5
Mortgages Outstanding	4
Mortgages Part Satisfied	0
Mortgages Satisfied	1

Assets and Debt Analysis

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Accounts Date	30-Aug-2015	30-Aug-2014	30-Aug-2013
Assets	2,240,249	2,068,273	2,140,127
Debt	2,049,487	1,823,877	1,785,141
Net Assets/Debt	190,762	244,396	354,986

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around CM1 1NT

	SACRE ASSOCIATES LLP MILSTRETE HOUSE, 29 NEW STREET, CHELMSFORD, ESSEX, CM1 1NT
	TCR INSURANCE AGENCY LIMITED GAY BOWERS, DEADMANS LANE, CHELMSFORD, ESSEX, CM1 1NT
	HYDOR AS (UK) LTD SUITE 3, FIRST FLOOR SUMMIT HOUSE, WATERLOO LANE, CHELMSFORD, ESSEX, CM1 1NT

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