Financial Report - Level 3

Credit Values
Credit limit Total credit exposure	£15,000,000
Risk Index
Credit Decision	Very good credit
Delinquency Score	5

Payment Profile

Payment Experiences Summary
Months	Amount Collected (GBP)	Trade Experiences	Within Terms	0-30	31-60	61-90	91-120	121-180	181-999
0-3	6,302,305	37	5,969,605	242,500	8,500	81,500	0	200	0
3-6	153,030	14	22,350	40,000	25,080	65,000	0	600	0
6-12	26,325	12	25,025	0	100	0	800	400	0

Financial Summary

Date Of Accounts	31/10/2006	31/10/2005	31/10/2004	31/10/2003
Number Of Months	12	12	12	12
Currency	GBP (000's)	GBP (000's)	GBP (000's)	GBP (000's)
Sales Turnover	3,072,706	2,845,175	2,770,126	2,199,674
Exports	318,000	286,910	-	180,942
Profit/Loss Before Taxes	168,953	165,754	215,851	114,447
Equity Shareholders Funds	804,804	578,938	642,270	726,126
Tangible Net Worth	646,906	407,610	458,806	531,072
Total Fixed Assets	889,620	982,666	369,084	390,680
Total Assets	2,418,022	2,294,795	1,550,489	1,587,794
Total Current Assets	1,528,402	1,312,129	1,181,405	1,197,114
Total Current Liabilities	1,478,356	1,609,600	844,122	795,863
Net Current Assets (Liabilities)	50,046	- 297,471	337,283	401,251
Long Term Debt	134,862	106,257	64,097	65,805
Number Employees (not in 000's)	5,539	5,863	5,441	4,822

Balance Sheet Summary Chart	Profit & Loss Summary Chart

Public Record Information

Judgements Summary
Year	Total Judgements	Total Value	Closed Judgements	Value (Satisfied)
2007	2	£4,001	0	£0
2006	7	£4,222	0	£0
2005	2	£402	0	£0
2004	8	£9,497	2	£4,077
2003	1	£3,396	0	£0

County Court Judgements
Date	Name quoted	Value	Court	Court assigned number	Status
20 Apr 2007	ABC COMPANY NAME & jointly with XYZ Retail Ltd	£467	TOWN	1XX11111
09 Jan 2007	ABC COMPANY NAME	£3,534	TOWN	1XX11111
21 Jan 2004	ABC Compamy	£3,396	TOWN	XX11111	Satisfied

Mortgages and Charges Summary
Period	Number of Charges	Number Satisfied
Between 49 and 60 months	3	0 of 3

Mortgages and Charges Details

DETAILS OF MORTGAGES AND CHARGES REGISTERED Date: Co. Number: Particulars: 2-1991 nnnnnn LETTER OF OFF SET CREATED xxxxxxxxxxxxxxxx . 3-1990 nnnnnn LETTER OF OFFSET CREATED xxxxxxxxxxxxxxx DETAILS OF MORTGAGES AND CHARGES SATISFIED Date: Co. Number: Particulars: 7-2002 nnnnnn (23.03.80)(NO.0003) 7-2002 nnnnnn (01.03.90)(NO.0004) 7-2002 nnnnnn (14.02.91)(NO.0005)

Balance Sheet

Date Latest Accounts	31 October 2006	Accounts Ref. Date	31 October
Date Latest Returns	17 February 2007

Date Of Accounts	31/10/2006	31/10/2005	31/10/2004	31/10/2003
Number Of Months	12	12	12	12
Currency	GBP (000's)	GBP (000's)	GBP (000's)	GBP (000's)
FIXED ASSETS
Intangible	157,898	171,328	183,464	195,054
Land & Buildings	130,726	151,383	160,634	166,307
Fixtures & Equipment	16,531	22,201	24,986	29,319
Long Term Investments	570,127	637,754	-	-
Other Long Term Assests	14,338	-	-	-
Total Fixed Assests	889,620	982,666	369,084	390,680
CURRENT ASSETS
Stock & Work in Progress	90,280	81,974	86,555	45,536
Cash	109,815	67,608	568,308	511,103
Trade Debtors	390,378	343,840	349,089	350,506
Other receiveables	2,891	10,658	8,142	10,121
Prepayments	17,501	13,664	15,324	16,804
Amounts owed by group companies	860,020	747,140	79,537	158,985
Other Current Assets	57,517	47,245	74,450	104,059
Total Current Assets	1,528,402	1,312,129	1,181,405	1,197,114
CURRENT LIABILITIES
Trade Creditors	55,174	45,412	39,380	47,642
Accruals/Deferred Income	428,716	468,608	407,835	362,551
Bank Loans & Overdraft	-	-	-	-
Tax & Social Security	69,403	57,971	57,914	25,368
Amounts due to group companies	924,140	1,034,663	331,581	360,302
HP/Lease Payments Due in 1 Year	-	-	-	-
Other Current Liabilities	923	2,946	7,412	-
Total Current Liabilities	1,478,356	1,609,600	844,122	795,863
Net Current Assets (Liabilities)	50,046	- 297,471	337,283	401,251
Total Assets less Current Liabilities	939,666	685,195	706,367	791,931
LONG TERM LIABILITIES
Deferred Taxation	-	-	-	-
Other Borrowing/Mortgages & Loans	-	-	-	-
HP Due After 1 Year	-	-	-	-
Minority Interests	-	-	-	-
Other Long Term Liabilities	134,862	106,257	64,097	65,805
Total Long Term Liabilities	134,862	106,257	64,097	65,805
Net Assets	804,804	578,938	642,270	726,126
NET WORTH/SHAREHOLDERS FUNDS
Issued share capital	104,772	104,772	104,772	104,772
Share premium account	492,017	382,017	382,017	382,017
Reserves	-	-	-	-
Retained Earnings/Profit & Loss Account	208,015	92,149	155,481	239,337
Equity Shareholders Funds	804,804	578,938	642,270	726,126
Tangible Net Worth	646,906	407,610	458,806	531,072

Profit and Loss

Date Latest Accounts	31 October 2006	Accounts Ref. Date	31 October
Date Latest Returns	17 February 2007

Date Of Accounts	31/10/2006	31/10/2005	31/10/2004	31/10/2003
Number Of Months	12	12	12	12
Currency	GBP (000's)	GBP (000's)	GBP (000's)	GBP (000's)
Net Sales	3,072,706	2,845,175	2,770,126	2,199,674
Including Exports Of	318,000	286,910	-	180,942
Cost Of Sales	2,712,008	2,452,681	2,289,017	1,775,227
Gross Profit/Loss	360,698	392,494	481,109	424,447
Advertising & Commercial Distribution Costs	169,405	170,062	203,032	200,696
General Expenses	77,223	73,640	92,323	119,844
Other Operating Income	-	-	-	-
Other Operating Charges	-	-	-	-
Net Operating Income	114,070	148,792	185,754	103,907
Interest Receivable/Non Group Interest	38,799	22,086	10,437	8,433
Other Financial Income	151,557	85,916	19,713	2,300
Total Financial Income	255,417	108,002	30,150	10,733
Interest Payable	72,560	5,369	53	193
Other Group Financial Expenses	127,974	85,671	-	-
Total Financial Expenses	200,534	91,040	53	193
Profit/Loss Before Taxes	168,953	165,754	215,851	114,447
Corporation Tax	90,238	32,220	26,811	7,585
Total Other Taxes	19,976	20,800	27,527	32,169
Profit/Loss After Taxes	58,739	112,734	161,513	74,693
Exceptional Items	-	-	-	-
Dividends	44,192	207,656	277,012	26,410
Retained Profit For Year	58,739	112,734	161,513	74,693
RECONCILIATION
Retained Earnings at Start of Year	92,149	156,007	239,337	148,074
Retained Profit For Year	58,739	112,734	161,513	74,693
Other Additions	101,319	31,064	31,643	42,980
Other Deductions	44,192	77,656	77,012	-
Retained Earnings at End of Year	208,015	92,149	155,481	239,337
NOTES
Number Employees (not in 000's)	5,539	5,863	5,441	4,822
Directors Remuneration	1,012	652	549	771

Company Ratios

Date Of Accounts	31/10/2006	31/10/2005	31/10/2004	31/10/2003
PROFITABILITY
Profit Margin (%)	5.5	5.8	7.8	5.2
Shareholders' Return (%)	26.1	40.7	47.0	21.6
Return On Capital (%)	18.0	24.2	30.6	14.5
Return On Assets (%)	7.0	7.2	13.9	7.2
FINANCIAL STATUS
Acid Test (x)	0.1	0.1	0.7	0.7
Current Ratio (x)	1.0	0.8	1.4	1.5
Solvency Ratio (%)	249.4	421.0	198.0	162.3
Fixed Assets to Net Worth (%)	137.5	241.1	80.4	73.6
Current Liabilities to Net Worth (%)	228.5	394.9	184.0	149.9
Current Liabilities to Stocks (%)	1,637.5	1,963.5	975.2	1,747.8
ASSET UTILITY
Stock Turnover (x)	34.0	34.7	32.0	48.3
Collection Period (days)	46.4	44.1	46.0	58.2
Asset Turnover (%)	127.1	124.0	178.7	138.5
Sales to Net Working Capital (x)	61.4	- 9.6	8.2	5.5
Assets to Sales (%)	78.7	80.7	56.0	72.2
Creditors to Sales (days)	6.6	5.8	5.2	7.9
EMPLOYEE
Capital Employed per Employee (000's)	169.6	116.9	129.8	164.2
Sales per Employee (000's)	554.7	485.3	509.1	456.2
Profit per Employee (000's)	30.5	28.3	39.7	23.7

Company Growth Rates

	2006 vs 2005	2006 vs 2004	2006 vs 2003	2006 vs 2002
Turnover (%)	8.00	10.92	39.69	119.83
Gross Profit (%)	- 8.10	- 25.03	- 15.02	69.11
Net Operating Profit (%)	- 23.34	- 38.59	9.78	132.05
Profit Before Tax (%)	1.93	- 21.73	47.63	185.79
Profit After Tax (%)	- 47.90	- 63.63	- 21.36	65.15
Number Of Employees (%)	- 5.53	1.80	14.87	64.75
Profit per Employee (%)	7.77	- 23.17	28.69	73.30
Total Intangible Assets (%)	- 7.84	- 13.94	- 19.05	-
Current Assets (%)	16.48	29.37	27.67	183.47
Current Liabilities (%)	- 8.15	75.14	85.76	329.68
Net Current Assets (Liabilities) (%)	116.82	- 85.16	- 87.53	- 74.35
Total Long Term Liabilities (%)	26.92	110.40	104.94	192.16
Net Assets (%)	39.01	25.31	10.84	218.28

Company Structure

Branches

This business has 2 UK branches. Show detail

Operations

1972 Digit SIC Code	3811
1972 Digit SIC Code	3573
Principle Activities	Measuring and computation equipment and systems designers, manufacturers, marketing and servicing
Percentage Exported	42%
Number of Employees	5,441
Bank	XXXX Bank Plc (Bank Branch Sort Code: nn-nn-nn )
Auditor	xxxxxxxxxxxxxxx

Significant Events

Type Event Control Change JOB LOSSES: It was reported in the national press on xxxxxx that subject is to cut nnn jobs in the UK during the next year, as part of its worldwide restructuring drive, but would not say where the jobs are to be lost.

Management Information

There are 3 principles of this business. There have been 0 appointments during the last 12 months.

Christian Surname
Positions Held	Director
Address	10 The Street, The Town, The county, Postcode N11 0DY
Date of Birth	21 September nnnn
Nationality	British
Occupation	General Manager
Date Appointed	27 May 2002
3 Other Current Associations	Company Name Date Appointed XYZ MANAGEMENT LTD 22 Nov 2004 Level of report 1 2 3 XYZ SCOTLAND 16 Jul 2002 Level of report 1 2 3 XYZ MANUFACTURING LTD 16 Jul 2002 Level of report 1 2 3
2 Previous Associations	Company Name Date Appointed Date Resigned PQR SERVICES U K LTD 22 Nov 2004 02 Mar 2005 Level of report 1 2 3 ZZZ HOLDINGS LTD 28 May 2002 01 Dec 2003 Level of report 1 2 3

Mr Christian Surname
Positions Held	Director
Address	10 The Street, The Town, The county, Postcode N11 0DY
Date of Birth	03 January nnnn
Nationality	British
Occupation	Financial Controller
Date Appointed	01 May 2004
1 Other Current Association	Company Name Date Appointed XXX SOLUTIONS (UK) LTD 01 Mar 2007 Level of report 1 2 3 XXX GLOBAL LTD 06 Feb 2006 Level of report 1 2 3
2 Previous Associations	Company Name Date Appointed Date Resigned OPQL LIMITED 21 Dec 2005 22 Dec 2005 Level of report 1 2 3 LMN COMPANY LIMITED 21 Dec 2005 22 Dec 2005 Level of report 1 2 3

Mr Christian Surname
Positions Held	Company Secretary
Address	10 The Street, The Town, The county, Postcode N11 0DY
Date of Birth
Nationality	British
Occupation
Date Appointed
Other Associations	None