The RM Comprehensive Credit Report

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The RM Comprehensive Credit Report

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Top	Header Information

Date:	09/02/2004	Time:	16:41:18
Latest Information:	29/08/2003	Version:	8.0
Client Code/Name:	660099 RM ONLINE TEST ACCOUNT
Client Reference:	REF	Currency:	£

Top	Company Identification

Company Name:	MILLENNIUM STADIUM PLC

Company Number:	03176906

Date of Incorp:	25/03/1996

Annual Return Date:	25/03/2003

Credit Limit:	100,000.00

ScoreCheck	ScoreCheck Help
Score:	71
Rating:	B Green
Score Date:	09/02/2004

Company Type:	Public Company

Legal Status:	Clear

Legal Status Date:	N/A

Company Secretary:	DAVID MOFFETT

Registered Office:	FIRST FLOOR GOLATE HOUSE
	101 SAINT MARY STREET
	CARDIFF
	CF10 1GE
Post Code:	CF10 1GE

Business Address:	Fifth Floor West Wing
	St.Davids House Wood St
	Cardiff
	SOUTH GLAMORGAN
	CF1 1ES

Business Phone No.:	01222 232661
Fax Number:

Names of Directors :	MARTIN RODNEY DAVIES, BYRON DAVIES, HELEN LOUISE CONWAY, RUSSELL GOODWAY, GERAINT EDWARDS, KENNETH JAMES HEWITT, STELLA MAIR THOMAS, RICHARD OLIVER FAULKNER, MALDWYN BEYNON, DAVID FRANCIS PICKERING, DAVID MOFFETT

Business Activities:	Redevelop and operate the National Stadium at Cardiff Arms Park , which will be known as the Millennium Stadium.

SIC Codes:
9261 OPERATE SPORTS ARENAS & STADIUMS

US SIC Codes:
1511 GENERAL BUILDING CONTRACTORS
7999 AMUSEMENTS AND RECREATIONAL NEC
6550 SUBDIVIDERS AND DEVELOPERS

Previous Names:
N/A

CRO Activity:
01/12/1998	Accounts Made Up Date
01/06/1999	Annual Return Made Up Date
01/06/1999	SIC Codes
06/10/1999	Accounts Made Up Date
05/05/2000	Annual Return Made Up Date
05/05/2000	SIC Codes
31/10/2000	Accounts Made Up Date
19/04/2001	Annual Return Made Up Date
19/04/2001	SIC Codes
28/09/2001	Accounts Made Up Date
17/04/2002	Annual Return Made Up Date
17/04/2002	Address
17/04/2002	SIC Codes
24/09/2002	Address
28/11/2002	Accounts Made Up Date
19/03/2003	Annual Return Made Up Date
19/03/2003	SIC Codes
07/08/2003	Accounts Made Up Date
06/09/2003	Accounting Reference Date

Top	Share Capital and Shareholders

Annual Return Date: 25/03/2003

Due to the constraints of available online shareholder data we are unable to guarantee the accuracy of the following shareholder information.
Should you require validation of this information we recommend that you download supporting documentation from RM Companies House using the link below.
Click here to download the Annual Return amendments

Share Currency:	GBP
Nominal Capital:	0

Principal Shareholders:	Type of Share	No. of Shares	Value
County Council Of The City & County Of Cardiff	SPL	1	1.00
County Hall
Atlantic Wharf

Welsh Rugby Union Ltd	ORD	50,000	50,000.00
Custom House
Custom House Street
CF10 1RF

Immediate Holding Company:	03419514 THE WELSH RUGBY UNION LIMITED

Ultimate Holding Company:	03419514 THE WELSH RUGBY UNION LIMITED

Up to 10 UK Subsidiaries:
IR290867 COPPERGREEN LIMITED
03176906 MILLENNIUM STADIUM PLC
03570026 GOWERPARK LIMITED

Top	Directors and Secretary Details


COMPANY SECRETARY

Co Secretary:	DAVID MOFFETT
Nationality:	AUSTRALIAN /BRITISH	Date Appointed:	22/02/2003
Home Address:		Date of Birth:	17/05/1947
GWERY Y GAER ISAF		Occupation:
PETERSTON SUPER ELY		GROUP CHIEF EXECUTIVE
CARDIFF
CF5 6NE
		Co Sec & Director:	Y
		Other Directorships:	Y

Current Directorships:
03419514 THE WELSH RUGBY UNION LIMITED
03419514 THE WELSH RUGBY UNION LIMITED


DIRECTORS

Director:	MARTIN RODNEY DAVIES
Nationality:	BRITISH	Date Appointed:	07/08/2003
Home Address:		Date of Birth:	17/05/1942
FERNDALE		Occupation:
TY DRAW ROAD LISVANE		RETIRED CHARTERED ACCOUNTANTS
CARDIFF
SOUTH GLAMORGAN CF14 0PF
		Other Directorships:	Y

Current Directorships:
03084663 HEIRLOOM FURNITURE (EUROPE) LIMITED
03419514 THE WELSH RUGBY UNION LIMITED

Past Directorships:
01204301 FOLKESTON HILL RESIDENTS ASSOCIATION LIMITED
02074331 CARDIFF BUSINESS TECHNOLOGY CENTRE LIMITED
02664172 CARDIFF WASTE LIMITED
01568136 GIUS LIMITED

Director:	MR BYRON DAVIES
Nationality:	BRITISH	Date Appointed:	20/11/1996
Home Address:		Date of Birth:	23/04/1947
11 HEOL ST DENYS		Occupation:
LISVANE		CHIEF EXECUTIVE CARDIFF CC
CARDIFF
SOUTH GLAMORGAN CF4 5RU
		Other Directorships:	N

Director:	HELEN LOUISE CONWAY
Nationality:	BRITISH	Date Appointed:	25/03/1999
Home Address:		Date of Birth:	16/12/1962
TY MELYN		Occupation:
GELLI HAF		CHIEF EXECUTIVE
BLACKWOOD
GWENT NP2 2QE
		Other Directorships:	Y

Current Directorships:
00013961 CARDIFF CHAMBER OF COMMERCE AND INDUSTRY (THE)
02043028 CARDIFF CHAMBER OF COMMERCE AND INDUSTRY TRAINING LIMITED
03276159 THE CARDIFF INITIATIVE LIMITED
03486207 THE FRANCO-WELSH BUSINESS CLUB OF THE FRENCH CHAMBER OF COMMERCE OF GREAT BRITAIN LIMITED
03747268 CHAMBER WALES - SIAMBR CYMRU LIMITED
04044454 CARDIFF BUSINESS FORUM LIMITED
04191588 NEWAY TRAINING LIMITED

Past Directorships:
02744471 WALES CHAMBER OF COMMERCE AND INDUSTRY
04283079 WALES SOCIAL PARTNERS UNIT LIMITED

Director:	RUSSELL GOODWAY
Nationality:	WELSH	Date Appointed:	20/11/1996
Home Address:		Date of Birth:	23/12/1956
82 COLCOT ROAD		Occupation:
		POLITICIAN
BARRY
SOUTH GLAMORGAN CF62 8HP
		Other Directorships:	Y

Current Directorships:
01872218 LOCAL INFORMATION UNIT LIMITED
04290155 CARDIFF 2008 LIMITED
02004278 CMOH LIMITED

Past Directorships:
00013961 CARDIFF CHAMBER OF COMMERCE AND INDUSTRY (THE)
02467700 ELWA TRADING LTD
03276159 THE CARDIFF INITIATIVE LIMITED
04082312 LOCAL GOVERNMENT DATA UNIT - WALES

Director:	GERAINT EDWARDS
Nationality:	BRITISH	Date Appointed:	07/08/2003
Home Address:		Date of Birth:	21/09/1940
6 HENDREMAWR CLOSE		Occupation:
		RETIRED ENGINEER
SKETTY
WEST GLAMORGAN SA2 9ND
		Other Directorships:	Y

Current Directorships:
03419514 THE WELSH RUGBY UNION LIMITED

Director:	KENNETH JAMES HEWITT
Nationality:	BRITISH	Date Appointed:	20/11/1996
Home Address:		Date of Birth:	09/07/1936
GREEN MEADOWS		Occupation:
LLANFIHANGEL CRUCORNEY		RETIRED HEADTEACHER
ABERGAVENNY
MONMOUTHSHIRE NP7 7LB
		Other Directorships:	Y

Current Directorships:
03419514 THE WELSH RUGBY UNION LIMITED

Director:	STELLA MAIR THOMAS
Nationality:	BRITISH	Date Appointed:	16/04/1999
Home Address:		Date of Birth:	20/04/1946
7 THE CATHEDRAL GREEN		Occupation:
LLANDAFF		HEAD OF ITC (WALES AND WEST)
CARDIFF
CF5 2EB
WALES		Other Directorships:	Y

Current Directorships:
02530632 PERTHYN CYF

Past Directorships:
SC193525 CELTIC FILM AND TELEVISION FESTIVAL LIMITED

Director:	LORD FAULKNER OF WORCESTER RICHARD OLIVER FAULKNER M A (OXON)
Nationality:	BRITISH	Date Appointed:	20/11/1996
Home Address:		Date of Birth:	22/03/1946
13 WILTON CRESCENT		Occupation:
WIMBLEDON		COMPANY CHAIRMAN
LONDON
SW19 3QY
		Other Directorships:	Y

Current Directorships:
00231435 ROYAL SOCIETY FOR THE PREVENTION OF ACCIDENTS(THE)
02305821 ALBION TROPHIES LIMITED
02701739 NON-TRAD HELPLINE LIMITED
02098264 THE CHELSEA COMMUNITY TRUST

Past Directorships:
00081077 BRIGHTON AND HOVE ALBION FOOTBALL CLUB,LIMITED(THE)
00938798 CITIGATE PUBLIC AFFAIRS LIMITED
01258519 BRIGHTON & HOVE SPORTS AND LEISURE LIMITED
01512347 TRANSPORT 2000 LIMITED
01521769 CITIGATE WESTMINSTER LIMITED
02188080 CITIGATE COMMUNICATIONS GROUP LIMITED
02369713 ALBION SPORTS AND LEISURE LIMITED
02849319 BRIGHTON & HOVE ALBION HOLDINGS LIMITED
03029137 NEWBRIDGE PARTNERSHIP LIMITED
03122206 RAILODGE INVESTMENT HOLDINGS LIMITED
SC139676 CITIGATE SMARTS LIMITED
02899919 WESTMINSTER CAMPAIGN PARTNERSHIP LIMITED
02921107 WESTMINSTER PUBLIC RELATIONS LIMITED
02978476 WALES & WESTMINSTER COMMUNICATIONS LIMITED
03028742 WESTMINSTER PUBLIC AFFAIRS LIMITED
03029107 SCOTTISH & WESTMINSTER COMMUNICATIONS LIMITED
03029129 WESTMINSTER POLITICAL LIMITED
03029893 WESTMINSTER COMMUNICATION LIMITED
03708734 ENETSALE LIMITED
03927418 MIDSUMMER CONSTRUCTION LTD.

Director:	MALDWYN BEYNON
Nationality:	BRITISH	Date Appointed:	02/08/2001
Home Address:		Date of Birth:	03/12/1932
6 BIRCH GROVE		Occupation:
		FINANCIAL ARRANGER
BRYNMAWR
GWENT NP23 4TD
		Other Directorships:	Y

Current Directorships:
03324272 EBBW VALE RUGBY CLUB LIMITED
03419514 THE WELSH RUGBY UNION LIMITED
04348036 VALE INDOOR ARENA LIMITED

Director:	DAVID FRANCIS PICKERING
Nationality:	BRITISH	Date Appointed:	21/10/1998
Home Address:		Date of Birth:	16/12/1960
FRANCIS HOUSE		Occupation:
103 CATHEDRAL ROAD		COMPANY DIRECTOR
CARDIFF
CF11 9PH
		Other Directorships:	Y

Current Directorships:
00476884 PONTARDAWE FOUNDRY & ENGINEERING COMPANY LIMITED(THE)
01040087 R & R DEVELOPMENTS LIMITED
02531649 R & R REFRACTORIES LIMITED
03140628 R & R (ROLL DEVELOPMENTS) LIMITED
01963863 PICKERING SAFETY PRODUCTS LIMITED
03392214 R & R GROUP LIMITED
03419514 THE WELSH RUGBY UNION LIMITED
03561412 POSITIVE PUBLICITY LIMITED
03960747 R & R INDUSTRIAL LIMITED
04396361 R & R (WALES) LIMITED
04613909 PF (WALES) LIMITED
01680181 WELDWELL LIMITED
02646023 NEATH ENGINEERING & INDUSTRIAL SERVICES LIMITED
02802052 MAINTENANCE AND CLEANING SERVICES LIMITED

Past Directorships:
03140636 BHL ROLLS MANUFACTURING LIMITED

Top	Full Mortgage Register Details

Charge Number	Date Registered	Amount Secured	Property Charged	Person(s) Entitled
1 09/04/1997 DEBENTURE - BARCLAYS BANK PLC	16/04/1997 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY . SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	BARCLAYS BANK PLC
2 10/04/1997 DEBENTURE - THE MILLENIUM COMMISSION	17/04/1997 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AGREEMENT AND SUPPLEMENTAL AGREEMENT BOTH DATED 14th MARCH 1997 AND THE SECOND SUPPLEMENTAL AGREEMENT DATED 10th APRIL 1997	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY . SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	THE MILLENIUM COMMISSION
3 09/04/1997 CHARGE - BARCLAYS BANK PLC	23/04/1997 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER	BY WAY OF FIRST FIXED CHARGE ALL MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE "COMPANY PROCEEDS ACCOUNT" "STADIUM DEVELOPMENT ACCOUNT" AND "DEVELOPMENT OVERDRAFT" AS SUCH TERMS ARE DEFINED IN A LOAN FACILITY AGREEMENT DATED 15TH MARCH 1997 (AND ANY ADDITIONAL ACCOUNT OR ACCOUNTS IN SUBSTITUTION THEREFOR) AND ALL THE RIGHTS OF THE COMPANY IN RELATION TO SUCH ACCOUNTS TOGETHER WITH ALL THE ENTITLEMENTS TO INTEREST THE RIGHT TO REPAYMENT AND OTHER RIGHTS AND BENEFITS ACCRUING OR ARISING IN CONNECTION WITH SUCH ACCOUNT OR ACCOUNTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	BARCLAYS BANK PLC
4 09/04/1997 MORTGAGE - BARCLAYS BANK PLC	23/04/1997 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE WRU REPRESENTATIVES (BEING GLANMOR STEPHEN GRIFFITHS, BARRY MICHAEL, LES WILLIAMS AND RAY WILLIAMS (THE TRUSTEES OF THE WRU) AND GLANMOR STEPHEN GRIFFITHS AND LES WILLIAMS (THE COMMITTEE REPRESENTATIVES ON BEHALF OF THE GENERAL COMMITTEE OF THE WRU) OR THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER	BY WAY OF ASSIGNMENT ALL RIGHT TITLE AND INTEREST OF THE COMPANY IN THE HEADS OF AGREEMENT DATED 15TH MARCH 1997 AS SUPPLEMENTED BY A LETTER OF UNDERTAKING OF THE SAME DATE AND ALL RIGHTS TITLES BENEFITS AND INTERESTS OF THE COMPANY WHATSOEVER PRESENT AND FUTURE WHETHER PROPRIETARY CONTRACTUAL OR OTHERWISE ARISING OUT OF OR CONNECTED WITH OR RELATING TO THE AGREEMENTS INCLUDING WITHOUT LIMITATION ALL CLAIMS FOR DAMAGES IN RESPECT OF ANY BREACH THEREOF SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	BARCLAYS BANK PLC
5 17/09/1997 MORTGAGE - BARCLAYS BANK PLC	26/09/1997 Not Satisfied	ALL MONIES OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE BY THE WRU REPRESENTATIVES (BEING GLANMOR STEPHEN GRIFFITHS, BARRY MICHAEL AND LES WILLIAMS (THE TRUSTEES OF THE WELSH RUGBY UNION (WRU)) AND GLANMOR STEPHEN GRIFFITHS AND LES WILLIAMS (THE COMMITTEE REPRESENTATIVES ON BEHALF OF THE GENERAL COMMITTEE OF THE WRU) OR THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER AND INCLUDING (BUT WITHOUT LIMITATION) ALL EXPENSES (AS DEFINED) AND ALL LIABILITIES AND OBLIGATIONS TO THE CHARGEE UNDER THE FACILITY DOCUMENTS (OR ANY OF THEM)	BY WAY OF ASSIGNMENT ALL RIGHT TITLE AND INTEREST OF THE TRUSTEES OF THE WRU AND/OR THE COMMITTEE REPRESENTATIVES AND THE COMPANY IN AN AGREEMENT DATED 17TH SEPTEMBER 1997 RELATING TO THE DEMOLITION OF EMPIRE HOUSE PARK STREET CARDIFF AND THE CONSTRUCTION OF THE MILLENNIUM STADIUM ADJOINING STADIUM HOUSE PARK STREET CARDIFF AND ALL ANCILLARY DEEDS AND DOCUMENTS CONTEMPLATED BY OR REFERRED TO IN THE AGREEMENT DESCRIBED ABOVE (THE AGREEMENTS) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	BARCLAYS BANK PLC
6 16/01/1998 MORTGAGE - THE MILLENNIUM COMMISSION	30/01/1998 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR THE WRU REPRESENTATIVES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER INCLUDING ALL EXPENSES AND ALL LIABILITIES AND OBLIGATIONS TO THE COMMISSION UNDER THE GRANT DOCUMENTS (AS DEFINED) (OR ANY OF THEM) ("SECURED LIABILITIES")	ALL RIGHT TITLE AND INTEREST IN THE AGREEMENT. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	THE MILLENNIUM COMMISSION
7 20/02/1998 ASSIGNMENT BY WAY OF SECURITY - THE MILLENNIUM COMMISSION	25/02/1998 Not Satisfied	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER OR PURSUANT TO THE AGREEMENT OR THE INTERCREDITOR DEED (AS THEREIN DEFINED)	THE RECEIVABLES BEING ALL MONEY DUE OR OWING UNDER OR BY VIRTUE OF THE ADVANCE PAYMENT BOND DATED 24 JULY 1997 ISSUED TO THE ASSIGNOR BY CLYDESDALE BANK PLC AND THE BENEFIT OF ALL RIGHTS SECURITIES AND GUARANTEES OF ANY NATURE IN RELATION THERETO SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS	THE MILLENNIUM COMMISSION

Bankers are:

Sort code:

Top	Financial Analysis

Account Type:	Full Accounts
Scale:	Millions

Profit & Loss Extracts
No. of Months:	12	12	12	12
Period Ending:	30/04/2003	30/04/2002	30/04/2001	30/04/2000
Consolidated:	No	No	N/S	N/S

Turnover:	10.43	10.69	10.11	9.68
Interest Paid:	2.67	1.78	3.75	2.08
Exports:	N/K	N/K	N/K	N/K
Dividends:	N/K	N/K	N/K	N/K
Directors Fees:	0.04	0.04	0.04	0.04
Wages:	1.15	1.06	0.93	0.83

Profit Before Tax:	1.15	0.16	-0.34	1.46
Profit After Tax:	1.15	0.16	-0.34	1.40

Balance Sheet Extracts
No. of months:	12	12	12	12
Period Ending:	30/04/2003	30/04/2002	30/04/2001	30/04/2000

Tangible Fixed Assets:	112.00	115.13	118.31	120.26
Intangible Assets:	N/K	N/K	N/K	N/K
Investments:	N/K	N/K	N/K	N/K
Total Fixed Assets:	112.00	115.13	118.31	120.26

Stock:	N/K	N/K	N/K	N/K
Trade Debtors:	1.45	0.77	0.48	0.48
Cash & Equivalent:	N/K	N/K	N/K	N/K
Inter Company Balances:	N/K	N/K	N/K	N/K
Total Current Assets:	3.14	1.55	1.32	1.51

Total Assets:	115.14	116.68	119.63	121.77

Trade Creditors:	0.98	1.36	2.95	2.97
Overdrafts:	2.71	1.81	N/K	2.16
ShortTerm Loans:	0.30	6.35	N/K	6.29
Inter Company Balances:	N/K	N/K	N/K	N/K
Total Current Liabilities:	9.17	14.72	16.36	15.86

Net Current Assets:	-6.03	-13.17	-15.04	-14.35

Long Term Borrowings:	49.35	43.60	43.92	44.88
Other L.T. Liabilities:	12.31	13.50	58.56	59.90
Total L.T. Liabilities:	61.66	57.11	102.49	104.78

Paid Up Equity:	0.05	0.05	0.05	0.05
Reserves:	44.26	44.80	0.74	1.08
Shareholders Funds:	44.31	44.85	0.79	1.13
Credit Limit:	0.10	0.08	0.01	0.01
Number of Employees:	74	65	57	40

Top

Auditors

Auditors are:	Walter Hunter & Co
Town:

Auditors Remuneration:	14,000

Auditors Comment on the latest Balance Sheet:
The Auditors have not qualified their opinion.

Auditors Qualified Accounts?:	no

Top	Extended Company Ratio Analysis

Figures Stated in:

Millions

Key Ratios
No. of Months:	12	12	12	12
Period Ending:	30/04/2003	30/04/2002	30/04/2001	30/04/2000

Profit Margin:	11.03	1.50	-3.36	15.08
Profit/Captial Employed:	2.60	0.36	-43.59	129.20
Profit/Assets:	1.00	0.14	-0.28	1.20
Current Debt:	0.21	0.33	20.71	14.04
Total Debt:	1.60	1.60	150.44	106.76
Long Term Debt:	0.58	0.56	0.99	0.99

Current Ratio:	0.34	0.11	0.08	0.10
Liquidity Ratio:	0.34	0.11	0.08	0.10
Stock/Turnover:	N/K	N/K	N/K	N/K
Collection Period:	50.74	26.29	17.33	18.10
Creditor Days:	34.30	46.44	106.50	111.99
Gearing (%):	118.17	115.41	5559.49	4719.47
Interest Coverage:	0.43	0.09	N/K	0.70
Credit Gearing:	0.23	0.18	1.27	0.88
Indicator Ratio:	11.51	8.98	1.19	1.24

Top	Analyst Report

The latest year accounting figures in this report have been rounded to the nearest thousand (000). The Company's latest filed accounts are for the year ended 30/04/2003. Turnover has fallen from GBP10.69m to GBP10.43m over the past year. Pre-tax profit has increased from GBP156000 to GBP1.15m. Net current liabilities are GBP6.03m. There is an overdraft of GBP2.71m. Long term bank loan commitments total GBP49.17m. There are long term loans from group companies of GBP9.42m. The company's total reserves stand at GBP44.26m of which GBP2.04m is due to the profit and loss account balance. Other reserves total GBP42.21m. The company appears to be of sufficient financial stability to undertake contracts to a value of GBP3500000. Having reviewed and analysed the latest information available: We would suggest setting a credit limit on monthly terms of GBP 100,000.00

Top	Protect Information

Protect Score:

-20

Protect Help

Protect Codes:

C8 - External interest in subject predates 5 years.

H2 - Caution.Director(s) and/or Secretary have been recorded as holding/having held 2 or more other directorships in a company/companies which have been subjected to voluntary or compulsory winding up procedures or administration orders.

H4 - Caution.Current/previous Director(s) and/or current/previous Secretary have been recorded as being directors of a company/or companies which have been struck off the Register of Companies as a result of either a subject company voluntary application or due to non compliance.

H5 - Current/Previous Director(s) and/or current/previous Secretary have been recorded as being directors of a company or companies which have been dissolved.

H8 - Caution.Previous Director(s) and/or Secretary have been recorded as holding/having held 2 or more other directorships in a company/companies which have been subjected to voluntary or compulsory winding up procedures or administration orders.

V6 - The auditors audit 16 or more U.K. limited companies according to data on file from Companies Registration Office

Top	Liquidator/Receiver/Adverse Information

NO GAZETTE INFORMATION

Top	Credit Information

CCJ's Registered

None. Records held since Jan 1991

Gazette Information
No Gazette Information


Payment Profiles:

	Creditor Days:
		Sector Average:	24.86 Days
		MILLENNIUM STADIUM PLC:	34.30 Days

	Liquidity Ratio:
		Sector Average:	2.40
		MILLENNIUM STADIUM PLC:	0.34

Vital Signs:
	Turnover decreased by:	2.4%
	Pre Tax Profit increased by:	618.8%
	Gearing increased by:	2.4%
	Working Capital increased by:	54.2%

Monthly Trade Credit Limit:		100,000.00

Top	Industry Averages

Industry Type:	18 Contracting & Construction
No. of companies:	121,427
Last Updated:	01/02/2004

Industry Comparison/Average:	Latest	Previous	Previous	Previous
Scale:	M	M	M	M

Turnover:	12.48	14.38	5.28	5.50
Profit Before Tax:	4.99	0.07	0.25	0.25
Debtors:	0.73	1.80	0.58	0.60
Total Assets:	11.59	10.58	4.94	4.49
Shareholders Funds:	6.64	3.63	1.58	1.16
Profit Margin (%):	39.98	0.49	4.73	4.55
Liquidity Ratio:	2.40	0.92	0.92	0.94
Collection Period:	21.35	45.69	40.09	39.82
Stock/Turnover:	11.77	8.66	4.84	5.00
Creditor Days:	24.86	19.29	47.70	47.78
Solvency Ratio (%):	57.29	34.31	31.98	25.84
Gearing (%):	22.29	39.12	84.18	107.76

Whilst every precaution has been taken to check the reliability of the report, no responsibility can be accepted for any inaccuracies contained herein.

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