Credit Report
| Credit Category: |
Red |
Credit Limit: |
0 |
| Date Delivered: |
13/09/2004 |
Report Name: |
Credit Report
|
| Time Delivered: |
15:43:00 |
Report Version: |
1.2 |
| Account Number: |
10501 |
Report Currency: |
GBP |
|
|
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|
Statutory Information |
| Company Name: |
BRITISH ENERGY PLC |
| Company Number: |
SC162273 |
Date of Incorporation: |
13/12/1995 |
| Company Type: |
PLC |
Latest Accounts to: |
31/03/2003 |
| Accounts Type: |
Group Accounts |
Latest Return to: |
13/12/2003 |
|
| Legal Status: |
N/A |
|
|
|
| Company Secretary: |
ROBERT MALCOLM ARMOUR |
|
|
| Registered Office: |
3 REDWOOD CRESCENT |
|
|
PEEL PARK |
|
|
EAST KILBRIDE |
|
|
G74 5PR |
| Post Code: |
G74 5PR |
|
|
| Business Address: |
14-16 Cockspur St |
|
|
LONDON |
|
|
London |
|
|
SW1Y 5BL |
| Business Phone No: |
020 7389 3408 |
| Fax Number: |
|
Names of Directors: |
IAN HARLEY,SALVATORE MARTIN GATTO,CLARE MARY JOAN SPOTTISWOODE,ADRIAN ALASTAIR MONTAGUE,MIKE ALEXANDER,PASCAL COLOMBANI,WILLIAM A COLEY,ROBERT WALMSLEY,JOHN J DELUCCA |
|
| Business Activities: |
| The generation and sale of electricity. |
| SIC Codes: |
| 7415 |
HOLDING COMPANIES INCLUDING HEAD OFFICES |
| US SIC Codes: |
| 4911 |
ELECTRIC SERVICES |
| 4931 |
ELECTRIC AND OTHER SERVICES COMBINED |
| 4910 |
ELECTRIC SERVICES |
| 4939 |
COMBINATION UTILITIES NEC |
| CRO Activity: |
| 11/01/1999 |
Annual Return Made Up Date |
| 11/01/1999 |
SIC Codes |
| 11/06/1999 |
Accounts Made Up Date |
| 07/01/2000 |
Annual Return Made Up Date |
| 07/01/2000 |
SIC Codes |
| 01/09/2000 |
Accounts Made Up Date |
| 21/12/2000 |
Registered Address Change |
| 26/01/2001 |
Annual Return Made Up Date |
| 26/01/2001 |
SIC Codes |
| 26/07/2001 |
Accounts Made Up Date |
| 21/12/2001 |
Accounts Made Up Date |
| 21/12/2001 |
Annual Return Made Up Date |
| 21/12/2001 |
SIC Codes |
| 07/09/2002 |
Accounts Made Up Date |
| 07/01/2003 |
Annual Return Made Up Date |
| 07/01/2003 |
Annual Return Made Up Date |
| 07/01/2003 |
SIC Codes |
| 20/10/2003 |
Accounts Made Up Date |
| 23/01/2004 |
Annual Return Made Up Date |
| 23/01/2004 |
SIC Codes |
|
|
| Previous Names: |
| N/A |
|
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Company Capitalisation |
| Share Currency: |
GBP |
| Issued at date of report: |
620,362,444 ordinary shares of 0.45 each |
|
|
|
| Immediate Holding Company: |
Not Applicable |
| Ultimate Holding Company: |
Not Applicable |
|
| Up to 10 UK Subsidiaries: |
|
SC138614
|
BRITISH ENERGY INTERNATIONAL HOLDINGS LIMITED |
|
SC152227
|
BRITISH ENERGY TECHNICAL SERVICES LIMITED |
|
SC201083
|
EGGBOROUGH POWER (HOLDINGS) LIMITED |
|
SC172300
|
SLEAFORD POWER LIMITED |
|
SC189408
|
SCOTTISH NUCLEAR LIMITED |
|
SC200887
|
BRITISH ENERGY POWER AND ENERGY TRADING |
|
03076445
|
BRITISH ENERGY GENERATION LIMITED |
|
SC117121
|
BRITISH ENERGY GENERATION (UK) LIMITED |
|
03782700
|
EGGBOROUGH POWER LIMITED |
|
02362017
|
DISTRICT ENERGY LIMITED |
|
| Charges/Debentures Registered |
| Full Mortgage Details |
|
| Charge: 1 |
Dated: 26/09/2002 |
| Date Registered:11/10/2002 |
| FLOATING CHARGE |
| Amount Secured:ALL SUMS DUE, OR TO BECOME DUE |
| Person(s) Entitled:THE SECRETARY OF STATE FOR TRADE AND INDUSTRY |
| Property Charged:UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE |
| OF THE COMPANY INCLUDING UNCALLED CAPITAL |
| Restricting Provisions:COMPANY ARE EXPRESSLY PROHIBITED FROM CREATING |
| SUBSEQUENT FIXED SECURITY HAVING
PRIORITY OVER OR RANKING EQUALLY |
| THE FLOATING CHARGE |
| Notes:DEBENTURE CONTAINING FIXED AND FLOATINGCHARGES |
| Date(s) of Execution:20/11/2002 |
| Executors:BRITISH ENERGY INVESTMENT LIMITED AND OTHERS |
| BRITISH ENERGY POWER AND TRADING LIMITED |
| BRITISH ENERGY GENERATION (UK) LIMITED |
| BRITISH ENERGY PLC |
| Charge Increased by:PLEASE REFER TO MORTGAGE DOCUMENT |
| Date(s) of Execution:28/11/2002 |
| Executors:BRITISH ENERGY INVESTMENT LIMITED AND OTHERS |
| BRITISH ENERGY POWER AND ENERGY TRADING LIMITED |
| BRITISH GENERATION (UK) LIMITED |
| BRITISH ENERGY PLC |
| Charge Increased by:PLEASE REFER TO MORTGAGE DOCUMENT |
| Date(s) of Execution:26/02/2003 |
| Executors:THE DTI |
| BRITISH ENERGY PLC |
| BRITISH ENERGY GENERATION (UK) LIMITED |
| Alterations to Order:PLEASE REFER TO MORTGAGE DOCUMENT |
|
| Charge: 2 |
Dated: 11/11/2002 |
| Date Registered:28/11/2002 |
| INTIMATION OF ASSIGNMENT |
| Amount Secured:THE FULL AND PUNCTUAL PAYMENT, PERFORMANCE AND DISCHARGE OF |
| ALL THE SECURED LIABILITIES |
| Person(s) Entitled:THE SECRETARY OF STATE FOR TRADE AND INDUSTRY |
| Property Charged:ALL INTRA GROUP
RECEIVABLES WHICH ARE NOW OR MAY BE AT |
| ANY TIME HEREAFTER TO BE OR
BECOME DUE AND OWING TO THE COMPANY FROM |
| EGGBOROUGH POWER (HOLDINGS) LIMITED, EGGBOROUGH POWER LIMITED, BRITISH |
| ENERGY LP, BRITISH ENERGY US
HOLDINGS INC AND BRITISH ENERGY |
| RENEWABLES LIMITED
TO THE LENDER AND ALL RIGHTS OF ACTION PAST, PRESENT |
| AND FUTURE RELATING
THERETO |
|
| Bankers are: |
| Accounts Type: |
Group Accounts |
| Scale: |
Millions |
| Currency: |
GBP |
|
| Profit & Loss Extracts |
| No. of Months: |
12 |
12 |
12 |
12 |
| Period Ending: |
31/03/2003 |
31/03/2002 |
31/03/2001 |
31/03/2000 |
| Consolidated: |
Yes |
Yes |
N/S |
N/S |
| Turnover: |
1,903.00 |
2,049.00 |
2,124.00 |
2,092.00 |
| Interest Paid: |
540.00 |
66.00 |
56.00 |
N/K |
| Exports: |
N/K |
N/K |
N/K |
N/K |
| Dividends: |
N/K |
50.00 |
50.00 |
95.00 |
| Directors Fees: |
2.00 |
2.00 |
1.00 |
1,381.00 |
| Wages: |
322.00 |
28.00 |
210.00 |
256.00 |
| Profit Before Tax: |
-4,292.00 |
-493.00 |
57.00 |
225.00 |
| Profit After Tax: |
-3,924.00 |
-518.00 |
29.00 |
150.00 |
|
| Balance Sheet Extracts |
| No. of months: |
12 |
12 |
12 |
12 |
| Period Ending: |
31/03/2003 |
31/03/2002 |
31/03/2001 |
31/03/2000 |
| Tangible Fixed Assets: |
819.00 |
4,714.00 |
5,045.00 |
5,224.00 |
| Intangible Assets: |
N/K |
N/K |
0.00 |
192.00 |
| Investments: |
N/K |
195.00 |
200.00 |
204.00 |
| Total Fixed Assets: |
819.00 |
4,909.00 |
5,245.00 |
5,620.00 |
| Stock: |
360.00 |
514.00 |
560.00 |
587.00 |
| Trade Debtors: |
226.00 |
294.00 |
239.00 |
214.00 |
| Cash & Equivalent: |
87.00 |
N/K |
N/K |
N/K |
| Inter Company Balances: |
N/K |
N/K |
N/K |
N/K |
| Total Current Assets: |
1,358.00 |
1,866.00 |
1,539.00 |
1,431.00 |
| Total Assets: |
2,177.00 |
6,775.00 |
6,784.00 |
7,051.00 |
| Trade Creditors: |
198.00 |
285.00 |
112.00 |
222.00 |
| Overdrafts: |
0.00 |
N/K |
N/K |
N/K |
| ShortTerm Loans: |
152.00 |
N/K |
0.00 |
565.00 |
| Inter Company Balances: |
N/K |
N/K |
N/K |
N/K |
| Total Current Liabilities: |
1,185.00 |
975.00 |
685.00 |
1,358.00 |
| Net Current Assets: |
173.00 |
891.00 |
854.00 |
73.00 |
| Long Term Borrowings: |
731.00 |
0.00 |
0.00 |
408.00 |
| Other L.T. Liabilities: |
3,644.00 |
5,217.00 |
4,931.00 |
3,972.00 |
| Total L.T. Liabilities: |
4,375.00 |
5,217.00 |
4,931.00 |
4,380.00 |
| Paid Up Equity: |
370.00 |
370.00 |
370.00 |
277.00 |
| Reserves: |
-3,753.00 |
213.00 |
798.00 |
943.00 |
| Shareholders Funds: |
-3,383.00 |
583.00 |
1,168.00 |
1,313.00 |
| Number of Employees: |
7,902 |
7,670 |
5,310 |
5,227 |
|
| Figures Stated in: |
Millions |
| Key Ratios |
| No. of Months: |
12 |
12 |
12 |
12 |
| Period Ending: |
31/03/2003 |
31/03/2002 |
31/03/2001 |
31/03/2000 |
| Profit Margin: |
-225.54 |
-24.06 |
2.68 |
10.76 |
| Profit/Capital Employed: |
126.87 |
-84.56 |
4.88 |
17.14 |
| Profit/Assets: |
-197.15 |
-7.28 |
0.84 |
3.19 |
| Current Debt: |
-0.35 |
1.67 |
0.59 |
1.03 |
| Total Debt: |
-1.64 |
10.62 |
4.81 |
4.37 |
| Long Term Debt: |
4.41 |
0.90 |
0.81 |
0.77 |
| Current Ratio: |
1.15 |
1.91 |
2.25 |
1.05 |
| Liquidity Ratio: |
0.84 |
1.39 |
1.43 |
0.62 |
| Stock/Turnover: |
5.29 |
3.99 |
3.79 |
3.56 |
| Collection Period: |
43.35 |
52.37 |
41.07 |
37.34 |
| Creditor Days: |
37.98 |
50.77 |
19.25 |
38.73 |
| Gearing (%): |
-23.53 |
0.00 |
0.00 |
74.11 |
| Interest Coverage: |
N/K |
N/K |
1.02 |
N/K |
| Credit Gearing: |
N/K |
N/K |
1.71 |
1.52 |
| Indicator Ratio: |
N/K |
N/K |
11.30 |
11.47 |
| Industry: |
88 Utilities |
| No. of companies: |
2,318 |
| Last Updated: |
01/09/2004 |
|
| Industry Comparison/Average: |
Latest |
Previous |
Previous |
Previous |
| Scale: |
M |
M |
M |
M |
| Turnover: |
160.18 |
158.92 |
149.23 |
156.63 |
| Profit Before Tax: |
-13.73 |
-0.40 |
45.91 |
15.53 |
| Debtors: |
20.13 |
15.26 |
13.75 |
14.56 |
| Total Assets: |
295.00 |
329.46 |
324.82 |
354.58 |
| Shareholders Funds: |
27.69 |
54.03 |
78.30 |
96.90 |
| Profit Margin (%): |
-8.57 |
-0.25 |
30.76 |
9.92 |
| Liquidity Ratio: |
0.87 |
0.94 |
0.94 |
1.03 |
| Collection Period: |
45.87 |
35.05 |
33.63 |
33.93 |
| Stock/Turnover: |
42.38 |
35.08 |
27.89 |
25.64 |
| Creditor Days: |
29.10 |
33.05 |
32.87 |
33.21 |
| Solvency Ratio (%): |
9.39 |
16.40 |
24.11 |
27.33 |
| Gearing (%): |
619.75 |
340.55 |
211.63 |
179.51 |
|