Instant Search Report

BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY Reg Num 01800000 Statutory Information   Previous Name(s): None   Registered Office: 81 NEWGATE STREET, Date of Incorporation: 01/04/1984 LONDON, Latest Annual Return: 09/08/2000 EC1A 7AJ Date Accounts Lodged: 19/07/2000   Latest Filed Accounts Date: 31/03/2000   Date of Analysed Accounts: 31/03/2000   Accounts Reference Date: 31/03 Issued Capital (£): 1,635,837,809   Company is: Quoted Public limited with share capital English/Welsh companies incorporated under part 1 of the Companies Act   Type of Accounts: Group   Directory Information   Trading Address: 81 Newgate Street, Telephone Number: 020 7356 5369 London, Fax Number: 020 7356 5520 EC1A 7AJ         Region: CENTRAL LONDON Bankers: TSB Auditors: PricewaterhouseCoopers Audit Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2000. Principal Activities: A group engaged in the supply of communication services and equipment.   UK SIC Code(s): 64200 Telecommunications   Risk Information   RISK SCORE 2000 55 Credit Limit (£): 520,000,000 1999 69 Contract Limit (£): 1,870,000,000 1998 83 1997 51 The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The latest score is 55 and this indicates a risk level for the next year half the average rate of 2%. We would expect 60.16% of companies to be at and above this score. The credit limit is £520,000,000, which is a reflection of the score and the substantial financial strength of the company.   County Court Judgments: There are 50 exact unsatisfied CCJs totalling £106500.00, 3 probable unsatisfied CCJs totalling £1479.00, and 1 possible unsatisfied CCJ for £2569.00. Latest Ten Judgments: On 24/08/2000, a Judgment of £450.00 was made in HASTINGS court (Case No. HS001350) against BRITISH TELECOMMUNICATIONS PLC of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 3108001136. (Exact) On 07/07/2000, a Judgment of £27037.00 was made in HITCHIN court (Case No. HI001531) against BRITISH TELECOMMUNICATIONS PLC of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 1407001583. (Exact) On 07/07/2000, a Judgment of £319.00 was made in NOTTINGHAM court (Case No. NG041269) against BRITISH TELECOM PLC of TELEPHONE PAYMENTS CENTRE, TVTE, NEWCASTLE UPON TYNE NE82, Ref. No. 1207002840. (Probable) On 10/12/1999, a Judgment of £414.00 was made in NORTHAMPTON court (Case No. XT905505) against BRITISH TELECOM PLC, trading as <, of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 1312996819. On 04/04/2000 this Judgment was satisfied. (Probable) On 09/11/1999, a Judgment of £179.00 was made in WALSALL court (Case No. WJ982410) against BRITISH TELECOMMUNICATIONS PUBLIC LTD of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2411901961. (Exact) On 18/08/1999, a Judgment of £55.00 was made in LAMBETH court (Case No. LB901952) against BRITISH TELECOMMUNICATIONS PLC of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2508905276. (Exact) On 06/08/1999, a Judgment of £2025.00 was made in MANCHESTER court (Case No. MA829958) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2308904845. (Exact) On 04/08/1999, a Judgment of £10136.00 was made in IPSWICH court (Case No. IP903213) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 1008902910. (Exact) On 23/07/1999, a Judgment of £2569.00 was made in ST ALBANS court (Case No. SI901187) against BRITISH TELECOM PLC of 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2707903388. (Possible) On 15/07/1999, a Judgment of £490.00 was made in REIGATE court (Case No. RH950946) against BRITISH TELECOMMUNICATIONS PLC of R/O 81 NEWGATE STREET, LONDON, EC1A 7AJ, Ref. No. 2107902849. (Exact)   Ownership   GROUP STRUCTURE   Holding Company: None Ultimate Holding Company: None Principal Shareholder: Prudential Corporation Group of Companies (3.90% held)   ALL IMMEDIATE SHAREHOLDINGS ON ICC DATABASE BY TURNOVER Name Share Class % Held Sales('000) A/C Date Status CELLNET GROUP LIMITED ORDINARY 60 1,430,589 31/03/1999 Trading INMARSAT VENTURES LIMITED ORDINARY 8 290,551 31/12/1999 Trading BT FORTY-SIX RESTRICTED 90 77,980 31/03/1999 Trading MOORGATE TWENTY-SIX ORDINARY 99 49,389 31/03/1999 Trading SOUTHGATE DEVELOPMENTS LIMITED ORDINARY 100 24,945 31/03/1999 Trading MOORGATE TWENTY-FIVE ORDINARY 99 24,315 31/03/1999 Trading BROADBAND VENTURES LIMITED ORDINARY 100 14,673 31/03/2000 Trading MOORGATE TWENTY-TWO ORDINARY 99 12,157 31/03/1999 Trading MOORGATE TWENTY-THREE ORDINARY 99 12,157 31/03/1999 Trading MOORGATE TWENTY-FOUR ORDINARY 99 12,157 31/03/1999 Trading BT SUBSEA CABLES LIMITED ORDINARY 100 11,022 31/03/2000 Trading BRONZEBASE LIMITED ORDINARY 100 8,402 31/10/1999 Trading MOORGATE TWENTY-ONE ORDINARY 99 7,028 31/03/1999 Trading SPRINGBOARD INTERNET SERVICES LIMITED ORDINARY A 33 6,322 30/06/1999 Trading BT CONSUMER ELECTRONICS LIMITED ORDINARY 100 3,453 31/03/1992 In Liquidation MOORGATE (ELEVEN) LIMITED ORDINARY 100 1,959 31/03/1999 Trading BT FORTY-FIVE LIMITED ORDINARY 100 982 31/03/1990 Dissolved MAGNA PARK MANAGEMENT LIMITED ORDINARY A 4 587 31/12/1998 Trading SYNTEGRA SERVICES LIMITED ORDINARY 100 578 31/03/1999 Trading MOORGATE (TWO) LIMITED ORDINARY 100 512 31/03/1999 Trading MOORGATE (ONE) LIMITED ORDINARY 100 506 31/03/1999 Trading MOORGATE (THREE) LIMITED ORDINARY 100 214 31/03/1999 Trading MOORGATE (FIVE) LIMITED ORDINARY 100 117 31/03/1999 Trading MOORGATE (SEVEN) LIMITED ORDINARY 100 117 31/03/1999 Trading MOORGATE (EIGHT) LIMITED ORDINARY 100 117 31/03/1999 Trading MOORGATE (NINE) LIMITED ORDINARY 100 117 31/03/1999 Trading MOORGATE (TEN) LIMITED ORDINARY 100 117 31/03/1999 Trading MOORGATE (SIX) LIMITED ORDINARY 100 103 31/03/1999 Trading MOORGATE (FOUR) LIMITED ORDINARY 100 76 31/03/1999 Trading UTILITIES CONSORTIUM LIMITED ORDINARY 27 66 31/03/1997 In Liquidation ALDERSGATE LIMITED ORDINARY 100 14 31/03/2000 Trading FERNTECH SYSTEMS LIMITED ORDINARY 100 5 31/03/1996 Dissolved BRITISH TELECOM ORDINARY 90 0 31/03/1986 Non Trading BT HOLDINGS LIMITED ORDINARY 100 0 31/03/1999 Trading CONCERT HOLDINGS LIMITED ORDINARY B 100 0 31/03/1999 Trading POSTGATE HOLDING COMPANY DEFERRED ORDINARY - 0 31/03/1999 Trading BT QUEST LIMITED ORDINARY 50 0 31/03/1999 Trading CEGETEL HOLDINGS LIMITED ORDINARY 100 0 31/03/1999 Trading BT INTERKOM HOLDINGS LIMITED ORDINARY 100 0 31/03/1999 Trading KYMATA LIMITED ORDINARY A 15 0 31/12/1999 Trading BT REPAIR SERVICES LIMITED ORDINARY 100 - 31/03/1998 Non Trading YELLOW PAGES LIMITED ORDINARY 50 - - Non Trading BT FILMHOLDINGS LIMITED ORDINARY 50 - - Non Trading BT NOMINEES LIMITED ORDINARY 50 - - Non Trading SCOTLAND CALL CENTRE COMPANY LIMITED ORDINARY 100 - - Non Trading NORTHERN CALL CENTRE COMPANY LIMITED ORDINARY 100 - - Not Analysed BROADLAND PARK MANAGEMENT COMPANY LIMITED ORDINARY B 15 - - Non Trading CONCERT INTERNATIONAL NETWORK SERVICES LIMITED ORDINARY A 100 - - Non Trading HOPTON HEATH LIMITED ORDINARY 100 - - Not Analysed TUDOR MINSTREL ORDINARY 50 - - Non Trading BT FIFTY-SEVEN ORDINARY 50 - - Non Trading BT FIFTY-SIX ORDINARY 50 - - Non Trading BT FIFTY-FIVE ORDINARY 50 - - Non Trading CONCERT NOMINEES TWO LIMITED ORDINARY 100 - - Non Trading CONCERT IPR SERVICES LIMITED ORDINARY 100 - - Non Trading CONCERT NOMINEES THREE LIMITED ORDINARY 100 - - Non Trading BLU MOBILE HOLDINGS ONE LIMITED ORDINARY 100 - - Non Trading BLU MOBILE HOLDINGS TWO LIMITED ORDINARY 100 - - Non Trading BT HAWTHORN HOLDINGS LIMITED ORDINARY 100 - - Not Analysed BELCARRA INVESTMENTS LIMITED ORDINARY 100 - - Not Analysed OBNEY HOLDINGS TWO LIMITED ORDINARY 100 - - Non Trading OBNEY HOLDINGS ONE LIMITED ORDINARY 100 - - Non Trading ITALY MOBILE ORDINARY 50 - - Non Trading NEW CELLULAR HOLDINGS PLC ORDINARY B 100 - - Not Analysed BRADING LIMITED ORDINARY 100 - - Not Analysed FROGHALL TWO LIMITED ORDINARY 100 - - Not Analysed LONGMONT HOLDINGS I LIMITED ORDINARY 100 - - Not Analysed LONGMONT HOLDINGS II LIMITED ORDINARY 100 - - Not Analysed   Profit & Loss Account      Date of Accounts 31/03/2000 31/03/1999 31/03/1998 31/03/1997 31/03/1996    Consolidated Yes Yes Yes Yes Yes    Subsidiary No No No No No    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)      Audit Qualification   1  Turnover 18,715,000 16,953,000 15,640,000 14,935,000 14,446,000    Cost of Sales - - - - -    Gross Profit - - - - - 2  Operating Profit 3,813,000 3,816,000 3,720,000 3,313,000 3,107,000    Non Trading Income (383,000) 899,000 (92,000) 285,000 283,000    Interest Payable 488,000 420,000 414,000 395,000 371,000    Pre-tax Profit 2,942,000 4,295,000 3,214,000 3,203,000 3,019,000    Taxation 897,000 1,293,000 1,487,000 1,102,000 1,027,000    Profit After Tax 2,045,000 3,002,000 1,727,000 2,101,000 1,992,000    Dividends Payable 1,426,000 1,322,000 1,216,000 3,510,000 1,184,000    Retained Profit 629,000 1,661,000 486,000 (1,433,000) 802,000      Value Added 10,709,416 10,113,064 9,747,160 9,067,744 8,723,920   Balance Sheet      Date of Accounts 31/03/2000 31/03/1999 31/03/1998 31/03/1997 31/03/1996    Consolidated Yes Yes Yes Yes Yes    Subsidiary No No No No No    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)   3  Tangible Fixed Assets 24,041,000 19,686,000 19,241,000 18,917,000 17,819,000    Intangible Assets 5,777,000 742,000 0 0 0    Total Fixed Assets      Stocks 225,000 159,000 145,000 180,000 212,000    Trade Debtors 2,487,000 2,190,000 1,801,000 1,757,000 1,548,000    Cash 253,000 102,000 62,000 26,000 2,689,000 4  Miscellaneous Current Assets 4,805,000 5,083,000 2,220,000 4,478,000 1,447,000    Total Current Assets 7,770,000 7,534,000 4,228,000 6,441,000 5,896,000   5  Creditors: Amounts falling    due within one year 14,885,000 8,029,000 6,962,000 9,641,000 6,089,000      Total Assets less Current Liabilities 22,703,000 19,933,000 16,507,000 15,717,000 17,626,000   6  Total Long Term Liabilities 6,908,000 4,993,000 5,722,000 4,601,000 4,948,000      Total Liabilities 21,793,000 13,022,000 12,684,000 14,242,000 11,037,000   7  Share Capital & Reserves 4,140,000 3,597,000 3,271,000 3,041,000 2,881,000    P & L Account Reserve 11,655,000 11,343,000 7,514,000 8,075,000 9,797,000    Revaluation Reserve 0 0 0 0 0    Shareholders' Funds 15,795,000 14,940,000 10,785,000 11,116,000 12,678,000    Capital Employed 22,703,000 19,933,000 16,507,000 15,717,000 17,626,000      Net Worth 10,018,000 14,198,000 10,785,000 11,116,000 12,678,000    Working Capital (7,115,000) (495,000) (2,734,000) (3,200,000) (193,000)      Contingent Liabilities - - - - 0   Cash Flow      Date of Accounts 31/03/2000 31/03/1999 31/03/1998 31/03/1997 31/03/1996    Consolidated Yes Yes Yes Yes Yes    Subsidiary No No No No No    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)      Net Cashflow from Operating Activities 5,849,000 6,035,000 6,076,000 6,192,000 5,834,000    Net Cashflow from Return on Investment    and Servicing of Finance (1,522,000) (1,512,000) (3,633,000) (1,437,000) (1,288,000)    Net Cashflow before Financing (5,905,000) 525,000 (1,805,000) 134,000 (187,000)    Net Cashflow from Financing 5,959,000 (458,000) 1,794,000 (224,000) 215,000    Increase in Cash 54,000 67,000 (11,000) (90,000) 28,000   Accounts Notes      Date of Accounts 31/03/2000 31/03/1999 31/03/1998 31/03/1997 31/03/1996    Consolidated Yes Yes Yes Yes Yes    Subsidiary No No No No No    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)   1  Exports - - - - -   2  Operating Profit is after    charging the following    Employees' Remuneration 3,754,000 3,366,000 3,290,000 3,161,000 3,105,000    Directors' Remuneration 4,694 6,350 3,963 2,707 3,487    Audit Fees 2,063 1,821 1,726 1,563 1,550    Non Audit Fees 12,745 8,855 4,724 4,620 4,004    Depreciation 2,752,000 2,581,000 2,395,000 2,265,000 2,189,000      Average Number of Employees (actual) 132,100 124,900 124,700 129,600 135,200   3  Tangible Assets consist of:    Fixed Assets 18,163,000 17,854,000 17,252,000 16,802,000 16,496,000    Intermediate Assets 5,878,000 1,832,000 1,989,000 2,115,000 1,323,000    which includes:    -Due from Group, Non Current 1,073,000 247,000 181,000 20,000 0   4  Miscellaneous Current Assets includes:    -Due from Group, Current 608,000 130,000 118,000 72,000 29,000 5  Creditors: Amounts falling due    within one year consists of:    Trade Creditors 2,416,000 2,344,000 1,971,000 1,858,000 1,732,000 a  Bank Overdraft 138,000 26,000 42,000 11,000 13,000    Miscellaneous Current Liabilities includes: 12,331,000 5,659,000 4,949,000 7,772,000 4,344,000 b  -Bank Loans - Current Portion 0 0 0 0 0 c  -Other Short Term Finance, including: 7,426,000 923,000 878,000 518,000 339,000      -Due to Group, Current 747,000 2,000 39,000 46,000 37,000      -Due to Directors, Current 0 0 0 0 0   -Other Current Liabilities 4,905,000 4,736,000 4,071,000 7,254,000 4,005,000      Short Term Loans (a+b+c) 7,564,000 949,000 920,000 529,000 352,000   6  Total Long Term Liabilities consists of:    Long Term Loans, which consists of: 5,354,000 3,386,000 3,889,000 2,693,000 3,322,000    -Long Term Bank Loans 0 0 792,000 796,000 765,000    -Other Long Term Finance, including: 5,354,000 3,386,000 3,097,000 1,897,000 2,557,000      -Due to Group, Non Current 0 0 0 0 0      -Due to Directors, Non Current 0 0 0 0 0    Other Long Term Liabilities 1,554,000 1,607,000 1,833,000 1,908,000 1,626,000   7  Share Capital and Reserves consists of:    Called Up Share Capital 1,627,000 1,617,000 1,603,000 1,589,000 1,573,000    Sundry Reserves 2,513,000 1,980,000 1,668,000 1,452,000 1,308,000   Ratios   Date of Accounts 31/03/2000 31/03/1999 31/03/1998 31/03/1997 31/03/1996 Profit/Sales (%) 15.72 25.33 20.55 21.45 20.90 Profit/Capital Employed (%) 12.96 21.55 19.47 20.38 17.13 Profit/Total Assets (%) 7.83 15.36 13.69 12.63 12.73 Profit/Shareholders' Funds (%) 18.63 28.75 29.80 28.81 23.81   Sales/Total Assets (%) 49.79 60.63 66.64 58.90 60.92 Sales/Fixed Assets 1.03 0.95 0.91 0.89 0.88 Sales/Capital Employed 0.82 0.85 0.95 0.95 0.82 Working Capital/Sales (%) -38.02 -2.92 -17.48 -21.43 -1.34   Stock Turnover 83.18 106.62 107.86 82.97 68.14 Credit Period (days) 48.50 47.15 42.03 42.94 39.11 Creditor Days (days) 47.12 50.47 46.00 45.41 43.76 Debtors/Total Assets (%) 6.62 7.83 7.67 6.93 6.53   Current Ratio 0.52 0.94 0.61 0.67 0.97 Liquidity Ratio 0.51 0.92 0.59 0.65 0.93 Creditors/Debtors 0.97 1.07 1.09 1.06 1.12 Current Liabilities/Stocks 66.16 50.50 48.01 53.56 28.72   Interest/Pre-Interest Profit (%) 14.23 8.91 11.41 10.98 10.94 Total Debt/Net Worth (%) 128.95 30.53 44.59 28.99 28.98 Bank Overdraft & Long Term Liabilities/Net Worth 70.33 35.35 53.44 41.49 39.13 Long Term Debt/Net Worth (%) 53.44 23.85 36.06 24.23 26.20 Long Term Liabilities/Net Worth 0.69 0.35 0.53 0.41 0.39 Shareholders' Funds/Total Liabilities (%) Shareholders' Funds/Total Assets 0.42 0.53 0.46 0.44 0.53   Bank Overdraft & Long Term Liabilities/Working Capital (%) -0.99 -10.14 -2.11 -1.44 -25.70 Total Debt/Working Capital -1.82 -8.76 -1.76 -1.01 -19.04   Average Employee Remuneration (£) 28,418 26,950 26,383 24,390 22,966 Sales per Employee (£) 141,673 135,733 125,421 115,239 106,849 Capital Employed per Employee (£) 171,862 159,592 132,374 121,273 130,370 Total Fixed Assets per Employee (£) 225,723 163,555 154,298 145,965 131,797 Total Assets per Employee (£) 284,542 223,875 188,204 195,664 175,407   Profit/Value Added (%) 27.47 42.47 32.97 35.32 34.61 Value Added/Sales(%) 57.22 59.65 62.32 60.71 60.39 Value Added per Employee (£) 81,071 80,969 78,165 69,967 64,526 Value Added/Employee Remuneration (%) 2.85 3.00 2.96 2.87 2.81   Exports/Sales (%) - - - - - Sales/Audit Fees 9,071.74 9,309.72 9,061.41 9,555.34 9,320.00 Total Assets/Audit Fees 18,220.07 15,355.30 13,597.33 16,223.93 15,300.00   Growth Rates   1 year 2 year 3 year 4 year Sales 10 20 25 30 Pre-tax Profit -32 -9 -8 -3 Audit Fees