Top Executive Summary
Credit Category: Red Credit Limit: 0
Top Header Information

Date Delivered: 13/09/2004 Report Name: Credit Overview
Time Delivered: 15:45:21 Report Version: 1.2
Account Number: 10501 Report Currency: GBP

Top 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
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:
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
Company Registered Office 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


Top Profit and Loss Extracts
Account Type: Group Accounts
Scale: Millions

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
Profit Before Tax: -4,292.00 -493.00 57.00 225.00

Top Balance Sheets Extracts

No. of Months: 12 12 12 12
Period Ending: 31/03/2003 31/03/2002 31/03/2001 31/03/2000
Trade Debtors: 226.00 294.00 239.00 214.00
Cash & Equivalent: 87.00 N/K N/K N/K
Total Current Assets: 1,358.00 1,866.00 1,539.00 1,431.00
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
Total Current Liabilities: 1185 975 685 1358
Total L.T. Liabilities: 4,375.00 5,217.00 4,931.00 4,380.00
Shareholders Funds: -3,383.00 583.00 1,168.00 1,313.00
Stock: 360.00 514.00 560.00 587.00

Top Ratio Analysis

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

Top Industry Comparison

Industry Type: 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
Creditors 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

Top Auditors

Auditors are: PricewaterhouseCoopers LLP
Auditors Comment on the latest Balance Sheet:
The Auditors note that the going concern basis may be inappropriate.


Top Report of Company Directors

Co Secretary: ROBERT MALCOLM ARMOUR
Nationality: BRITISH Date Appointed: 13/12/1995
Home Address: Date of Birth: 25/09/1959
88 RAVELSTON DYKES Occupation:
EDINBURGH
EH12 6HE Co Sec & Director: N
Other Directorships: Y

DIRECTORS DETAILS

Director: IAN HARLEY
Nationality: BRITISH Date Appointed: 01/06/2002
Home Address: Date of Birth: 30/04/1950
28 KINGSWOOD WAY Occupation:
SELSDON NON EXECUTIVE DIRECTOR
SOUTH CROYDON
SURREY CR2 8QP Other Directorships: Y

Director: SALVATORE MARTIN GATTO
Nationality: BRITISH Date Appointed: 08/12/2003
Home Address: Date of Birth: 09/05/1950
11 CAVENDISH LODGE Occupation:
CAVENDISH ROAD ACCOUNTANT
BATH
AVON BA1 2UD Other Directorships: Y

Director: CLARE MARY JOAN SPOTTISWOODE
Nationality: BRITISH Date Appointed: 01/12/2001
Home Address: Date of Birth: 20/03/1953
39 LONSDALE SQUARE Occupation:
DIRECTOR
LONDON
N1 1EW Other Directorships: Y

Director: ADRIAN ALASTAIR MONTAGUE
Nationality: BRITISH Date Appointed: 02/12/2002
Home Address: Date of Birth: 28/02/1948
PEGSDON BARNS Occupation:
PEGSDON DIRECTOR
HITCHIN
HERTFORDSHIRE SG5 3JZ Other Directorships: Y

Director: MIKE ALEXANDER
Nationality: BRITISH Date Appointed: 03/03/2003
Home Address: Date of Birth: 17/11/1947
8 BEARSWOOD END Occupation:
BEACONSFIELD CHIEF EXECUTIVE
BUCKINGHAMSHIRE
Other Directorships: Y

Director: PASCAL COLOMBANI
Nationality: FRENCH Date Appointed: 01/06/2003
Home Address: Date of Birth: 14/10/1945
3 RUE DE LOGELBACH Occupation:
DIRECTOR
PARIS
75017 Other Directorships: N

Director: WILLIAM A COLEY
Nationality: AMERICAN Date Appointed: 01/06/2003
Home Address: Date of Birth: 24/04/1943
1231 WAREHAM COURT Occupation:
DIRECTOR
CHARLOTTE
NORTH CAROLINA 28207 Other Directorships: N

Director: ROBERT WALMSLEY
Nationality: BRITISH Date Appointed: 01/08/2003
Home Address: Date of Birth: 01/02/1941
41 BELTRAN ROAD Occupation:
NON-EXECUTIVE DIRECTOR
LONDON
SW6 3AL Other Directorships: Y

Director: JOHN J DELUCCA
Nationality: AMERICAN Date Appointed: 09/02/2004
Home Address: Date of Birth: 25/04/1943
314 ARDMORE ROAD Occupation:
COMPANY DIRECTOR
HO-HO-KUS
NEW JERSEY 07423 Other Directorships: N


Top Gazette or Detrimental Information

No Gazette Information

Top Credit Risk Information


CCJ's Registered
Information concerning County Court Judgements is provided in good faith; however we do not accept responsibility for the accuracy thereof
Exact Matches
Court Date Amount of Judgement Status Date Settled
BRADFORD 06/09/2000 751 Judgement
Case No. BD006896
HAMILTON 05/10/2001 1,299 Judgement
Case No. SC631/01
STAINES 08/11/2002 275 Judgement
Case No. JF237973
TUNBRIDGE WELLS 18/12/2002 109 Judgement
Case No. JL226340
NORWICH 28/08/2003 235 Judgement
Case No. NR305680


Gazette Information
No Gazette Information

Payment Profiles
Creditor Days
Sector Average: 29.10 Days
BRITISH ENERGY PLC: 37.98 Days
Liquidity Ratio
Sector Average: 0.87
BRITISH ENERGY PLC: 0.84
Vital Signs
Turnover decreased by: 7.1%
Pre Tax Profit decreased by: 770.6%
Gearing increased by: 0.0%
Working Capital decreased by: 80.6%

Credit Score: 15
Credit Rating: I
Credit Category: Red
Credit Limit: 0

Credit Score Date: 13/09/2004

Credit Rating Guidance
Credit Score Range: 0 (Poor) to 100 (Excellent)
Credit Rating Codes: A=Excellent, B=Very Good, C=Above Average, D=Average, E=Poor, F=Very Poor, G=Serious Gazette code present, I=Technically insolvent, O=Late filing of accounts, N=Dormant accounts filed, NA=No accounts filed yet, NR=No Report, NT=Does not trade

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Top Analyst Summary

The latest year accounting figures in this report have been rounded to thenearest thousand (000). The Company's latest filed accounts are for the year ended 31/03/2003. On the basis of these accounts: We suggest that you seek suitable assurances from the Directors. For contracts, we suggest obtaining performance/indemnity bonding. For credit insurance purposes the credit limit is nil.