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VODAFONE IRELAND RETAIL LIMITED

Statutory Information
       
Previous Name(s):
  EIRCELL RETAIL LIMITED until 07/09/2001
  LET'S TALK PHONES LIMITED until 17/11/1995
       
Registered Number: E0240985    
       
Registered Office: MOUNTAINVIEW Date of Incorporation: 16/11/1995
  LEOPARDSTOWN Latest Filed Accounts Date: 31/03/2001
  DUBLIN 18 Date Accounts Lodged: 01/02/2002
    Latest Annual Return: 14/12/2001
    Issued Capital (£): 183
    Accounts Reference Date: 31/03/2002
    Date of Analysed Accounts: 31/03/2001
       
Company is: Large
  R.O.I. company - Single member private company limited by shares
  Southern Irish company
Type of Accounts: Type not available
       
Directory Information
       
Trading Address: - Telephone Number: -
    Fax Number: -
       
Region: -
Bankers:  
Auditors: PricewaterhouseCoopers
Audit Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2001.
Principal Activities: The retail of mobile phones and ancillary cellular products. Accounts data expressed in Irish Pounds.
       
UK SIC Code(s):
  93050 Other service activities not elsewhere classified
  93050 Other service activities not elsewhere classified
       
Risk Information
       

Risk Score

2001 54 Credit Limit (£): 140,000
- - Contract Limit (£): 2,300,000
- -    
- -    
The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The latest score is 54 and this indicates a risk level for the next year half the average rate of 2%. We would expect 62.82% of companies to be at and above this score. The credit limit is £140,000, which is a reflection of the score and the high financial strength of the company.
       
Registered Judgments: There are no unsatisfied RJs against the company.
       
Ownership
       

Group Structure

     
Holding Company: E0289577 VODAFONE IRELAND DISTRIBUTION LIMITED
Ultimate Holding Company: E0098789 EIRCOM LIMITED
       

All Live Subsidiaries on ICC Database by Turnover

None      
       
Profit & Loss Account
   
   Date of Accounts 31/03/2001 31/03/2000 31/03/1999 31/03/1998
   Consolidated No No No No
   Subsidiary Yes Yes Yes Yes
   No. of Weeks 52 52 52 52
   Currency (IEP '000) (IEP '000) (IEP '000) (IEP '000)
         
   Audit Qualification No No No No
         
1  Turnover 23,303 17,120 - -
   Cost of Sales 16,756 11,445 - -
   Gross Profit 6,547 5,675 2,455 1,294
2  Operating Profit 1,094 1,493 - -
   Non Trading Income 37 34 - -
   Interest Payable 0 0 - -
   Pre-tax Profit 1,131 1,527 490 61
   Taxation 275 411 - -
   Profit After Tax 856 1,116 - -
   Dividends Payable 0 0 - -
   Retained Profit 856 1,116 - -
         
   Value Added 4,209 3,802 - -
         
Balance Sheet
         
   Date of Accounts 31/03/2001 31/03/2000 31/03/1999 31/03/1998
   Consolidated No No No No
   Subsidiary Yes Yes Yes Yes
   No. of Weeks 52 52 52 52
   Currency (IEP '000) (IEP '000) (IEP '000) (IEP '000)
         
3  Tangible Fixed Assets 2,666 2,529 1,408 1,020
   Intangible Assets 0 0 0 0
   Total Fixed Assets 2,666 2,529 1,408 1,020
         
   Stocks 403 510 392 237
   Trade Debtors 132 135 108 152
   Cash 1,545 737 171 378
4  Miscellaneous Current Assets 739 545 714 445
   Total Current Assets 2,819 1,927 1,385 1,212
         
5  Creditors: Amounts falling due within one year 2,336 2,163 1,616 1,343
         
   Total Assets less Current Liabilities 3,149 2,293 1,177 889
         
6  Total Long Term Liabilities 873 873 873 918
         
   Total Liabilities 3,209 3,036 2,489 2,261
         
7  Share Capital & Reserves 127 127 127 127
   P & L Account Reserve 2,149 1,293 177 (156)
   Revaluation Reserve 0 0 0 0
   Shareholders' Funds 2,276 1,420 304 (29)
   Capital Employed 3,149 2,293 1,177 889
         
   Net Worth 2,276 1,420 304 (29)
   Working Capital 483 (236) (231) (131)
         
   Contingent Liabilities 0 0 - -
         
Cash Flow
         
   Date of Accounts 31/03/2001 31/03/2000 31/03/1999 31/03/1998
   Consolidated No No No No
   Subsidiary Yes Yes Yes Yes
   No. of Weeks 52 52 52 52
   Currency (IEP '000) (IEP '000) (IEP '000) (IEP '000)
         
   Net Cashflow from Operating Activities - - - -
   Net Cashflow from Return on Investment and Servicing of Finance - - - -
   Net Cashflow before Financing - - - -
   Net Cashflow from Financing - - - -
   Increase in Cash - - - -
         
Accounts Notes
         
   Date of Accounts 31/03/2001 31/03/2000 31/03/1999 31/03/1998
   Consolidated No No No No
   Subsidiary Yes Yes Yes Yes
   No. of Weeks 52 52 52 52
   Currency (IEP '000) (IEP '000) (IEP '000) (IEP '000)
         
1  Exports - - - -
         
2  Operating Profit is after charging the following        
   Employees' Remuneration 2,493 1,841 870 471
   Directors' Remuneration 116 90 - -
   Audit Fees - - - -
   Non Audit Fees - - - -
   Depreciation 363 277 - -
         
   Average Number of Employees (actual) 124 109 75 52
         
3  Tangible Assets consist of:        
   Fixed Assets 2,666 2,529 - -
   Intermediate Assets 0 0 - -
   which includes:        
   -Due from Group, Non Current 0 0 0 0
         
4  Miscellaneous Current Assets includes:        
   -Due from Group, Current 607 478 549 330
5  Creditors: Amounts falling due within one year consists of:        
   Trade Creditors 1,173 1,115 1,069 1,040
a  Bank Overdraft 0 0 0 0
   Miscellaneous Current Liabilities includes: 1,163 1,048 547 303
b  -Bank Loans - Current Portion 0 0 - -
c  -Other Short Term Finance, including: 115 104 - -
     -Due to Group, Current 115 104 0 0
     -Due to Directors, Current 0 0 0 0
  -Other Current Liabilities 1,048 944 - -
         
   Short Term Loans (a+b+c) 115 104 - -
         
6  Total Long Term Liabilities consists of:        
   Long Term Loans, which consists of: 873 873 - -
   -Long Term Bank Loans 0 0 - -
   -Other Long Term Finance, including: 873 873 - -
     -Due to Group, Non Current 873 873 873 873
     -Due to Directors, Non Current 0 0 0 0
   Other Long Term Liabilities 0 0 - -
         
7  Share Capital and Reserves consists of:        
   Called Up Share Capital 0 0 - -
   Sundry Reserves 127 127 - -
         
Ratios
         
Date of Accounts 31/03/2001 31/03/2000 31/03/1999 31/03/1998
Profit/Sales (%) 4.85 8.92 - -
Profit/Capital Employed (%) 35.92 66.59 41.63 6.86
Profit/Total Assets (%) 20.62 34.27 17.54 2.73
Profit/Shareholders' Funds (%) 49.69 107.54 161.18 -
         
Sales/Total Assets (%) 424.85 384.20 - -
Sales/Fixed Assets 8.74 6.77 - -
Sales/Capital Employed 7.40 7.47 - -
Working Capital/Sales (%) 2.07 -1.38 - -
         
Stock Turnover 57.82 33.57 - -
Credit Period (days) 2.07 2.88 - -
Creditor Days (days) 18.37 23.77 - -
Debtors/Total Assets (%) 2.41 3.03 3.87 6.81
         
Current Ratio 1.21 0.89 0.86 0.90
Liquidity Ratio 1.03 0.66 0.61 0.73
Creditors/Debtors 8.89 8.26 9.90 6.84
Current Liabilities/Stocks 5.80 4.24 4.12 5.67
         
Interest/Pre-Interest Profit (%) 0.00 0.00 - -
Total Debt/Net Worth (%) 43.41 68.80 - -
Bank Overdraft & Long Term Liabilities/Net Worth 38.36 61.48 287.17 -
Long Term Debt/Net Worth (%) 38.36 61.48 - -
Long Term Liabilities/Net Worth 0.38 0.61 2.87 -
Shareholders' Funds/Total Liabilities (%) 70.93 46.77 12.21 -1.28
Shareholders' Funds/Total Assets 0.41 0.32 0.11 -
         
Bank Overdraft & Long Term Liabilities/Working Capital (%) 1.81 -3.70 -3.78 -7.01
Total Debt/Working Capital 2.05 -4.14 - -
         
Average Employee Remuneration (IEP '000) 20,105 16,890 11,600 9,058
Wages/Sales (%) 10.70 10.75 - -
Profit per Employee (IEP '000) 9,121 14,009 6,533 1,173
Sales per Employee (IEP '000) 187,927 157,064 - -
Capital Employed per Employee (IEP '000) 25,395 21,037 15,693 17,096
Total Fixed Assets per Employee (IEP '000) 21,500 23,202 18,773 19,615
Total Assets per Employee (IEP '000) 44,234 40,881 37,240 42,923  
           
Profit/Value Added (%) 26.87 40.16 - -  
Value Added/Sales(%) 18.06 22.21 - -  
Value Added per Employee (IEP '000) 33,946 34,885 - -  
Value Added/Employee Remuneration (%) 1.69 2.07 - -  
           
Exports/Sales (%) - - - -  
Sales/Audit Fees - - - -  
Total Assets/Audit Fees - - - -  
           
Growth Rates
         
  1 year 2 year 3 year
Sales 36 - -
Pre-tax Profit -26 131 1,754
Audit Fees - - -
         
Directors' Remuneration 29 - -
Number of Employees 14 65 139
Employees' Remuneration 35 187 429
         
Tangible Assets 5 89 161
Stocks -21 3 70
Trade Debtors -2 22 -13
Total Current Assets 46 104 133
Total Assets 23 96 146
         
Trade Creditors 5 10 13
Short Term Loans 11 - -
Total Current Liabilities 8 45 74
Shareholders' Funds 60 649 -
Long Term Loans 0 - -
Long Term Liabilities 0 0 -5
Capital Employed 37 168 254
       
Company/Industry Comparison
       
This comparison is based on the results of 6157 companies in the same industrial sector: 52480 Other retail sale in specialised stores
       
 

Company

Industry Averages

  31/03/2001 Lower Median Upper

Performance

Profit/Sales (%) 4.85 -1.0 2.9 8.4
Profit/Capital Employed (%) 35.92 2.3 16.9 48.6
Profit/Total Assets (%) 20.62 -0.8 5.9 17.8
Profit/Shareholders' Funds (%) 49.69 6.0 24.3 70.5
         

Turnover

Sales/Total Assets (%) 424.85 131.8 227.9 360.4
Sales/Fixed Assets (%) 8.74 5.0 11.1 32.6
Working Capital/Sales (%) 2.07 16.4 3.5 -5.0
Stock Turnover 57.82 3.1 6.3 13.3
Credit Period (days) 2.07 17.2 2.9 0.0
Creditor Days (days) 18.37 43.2 21.1 7.5
         

Liquidity

Current Ratio 1.21 0.8 1.1 1.7
Liquidity Ratio 1.03 0.2 0.5 1.0
         

Gearing

Total Debt/Net Worth (%) 43.41 145.4 47.8 9.2
Shareholders' Funds/Total Assets 0.41 0.1 0.3 0.6
Long Term Debt/Net Worth (%) 38.36 34.3 0.9 0.0
Interest/Pre-Interest Profit (%) 0.00 20.6 5.8 0.0
Total Debt/Working Capital 2.05 2.0 0.5 0.1
         

Employee

Average Employee Remuneration (IEP '000) 20,105 8,899 12,303 19,039
Wages/Sales (%) 10.70 21.7 16.2 11.2
Profit per Employee (IEP '000) 9,121 333 2,333 7,304
Sales per Employee (IEP '000) 187,927 46,246 76,000 124,793
Capital Employed per Employee (IEP '000) 25,395 7,124 7,124 7,124
Total Fixed Assets per Employee (IEP '000) 21,500 3,000 9,758 18,846
Total Assets per Employee (IEP '000) 44,234 21,038 40,100 88,061
         

Other

Creditors/Debtors 8.89 1.3 3.4 9.5
Debtors/Total Assets (%) 2.41 0.8 7.2 24.6
Current Liabilities/Stocks 5.80 1.0 1.6 3.5
Exports/Sales (%) - 0.0 0.0 0.0
Sales/Audit Fees - 311.2 530.2 947.6
Total Assets/Audit Fees - 144.8 276.3 503.5
Filing History
         
21/06/2002 Change of director.  
21/06/2002 Change of registered office.  
20/02/2002 Change in memorandum and articles.  
01/02/2002 Filing of accounts.  
15/08/2000 Company restored to the register.  
19/09/1997 Return of allotments.  
21/08/1997 Notice of consolidation and division, or conversion into stock of shares, or of the re-conversion into shares of stock, or the subdivision or redempti  
08/08/1997 Special resolution.  
16/11/1995 New incorporation.  
         
Directors
         

Company Secretary

 
ANN DONNELLY  
         

Directors

 
THOMAS PAUL BARRETT  
STEPHEN JAMES BREWER  
PAUL MICHAEL DONOVAN  
DERMOT GRIFFIN  
DANIEL ANDREW MAHER  
NIALL O'SULLIVAN  
         

Report Generated: Aug 23, 2002

©2002 ICC Information Ltd

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