链剥科经降食多大号 公司理财 PROJECT 3 Coleraine Yachts Ltd Coleraine Yachts Ltd has been successfully operating a yacht repairs and sales business since 1922.Although it began as a family-owned and family-managed business,it is now owned by a small group of wealthy individuals who have no involvement in the day-to-day management of the business.In 1994 a sister company,Coleraine Finance Ltd,was formed to provide loan finance for customers purchasing yachts from Coleraine Yachts Ltd.At the same time,Coleraine Holdings Ltd was also formed to control both the yachting and finance companies. Coleraine Finance Ltd proved to be an extremely successful venture.It expanded its areas of operations rapidly and now provides loan facilities for a variety of purposes and for a wide range of customers.In January 2002,the Board of Directors of Coleraine Holdings Ltd undertook a review of the finance and yachting operations.It was felt that the growth prospects of the finance company were very good but that future growth was being threatened by a lack of finance.The yachting operations,on the other hand,had shown no significant growth since the mid-1990.s.Indeed,Coleraine Yachts Ltd had experienced a slight decline in sales in recent years.After much debate,the Board decided that the most profitable way forward would be to concentrate on the provision of loan finance.The yacht repairs and sales operations should,therefore,be sold and the monies raised should be used to fuel further growth of the loan finance operations. The abbreviated financial statements for Coleraine Yachts Ltd for the most recent year are as follows: Balance sheet as at 31 January 2002 f000s f000s f000s Fixed assets at written down values Freehold premises 5,400 Machinery and equipment 2,550 Motor vehicles 90 8,040 Current assets Stocks 780 Trade debtors 2.200 2,980 Less:Creditors due within one year Trade creditors 1,856 Bank overdraft 530 2.386 594 8,634 Less:Creditors due beyond one year 2.100 Loan 6.534 Capital and reserves Ordinary share capital 2,000 Retained profit 4.534 第1页共9页公司理财 PROJECT 3 Coleraine Yachts Ltd Coleraine Yachts Ltd has been successfully operating a yacht repairs and sales business since 1922. Although it began as a family-owned and family-managed business, it is now owned by a small group of wealthy individuals who have no involvement in the day-to-day management of the business. In 1994 a sister company, Coleraine Finance Ltd, was formed to provide loan finance for customers purchasing yachts from Coleraine Yachts Ltd. At the same time, Coleraine Holdings Ltd was also formed to control both the yachting and finance companies. Coleraine Finance Ltd proved to be an extremely successful venture. It expanded its areas of operations rapidly and now provides loan facilities for a variety of purposes and for a wide range of customers. In January 2002, the Board of Directors of Coleraine Holdings Ltd undertook a review of the finance and yachting operations. It was felt that the growth prospects of the finance company were very good but that future growth was being threatened by a lack of finance. The yachting operations, on the other hand, had shown no significant growth since the mid-1990.s. Indeed, Coleraine Yachts Ltd had experienced a slight decline in sales in recent years. After much debate, the Board decided that the most profitable way forward would be to concentrate on the provision of loan finance. The yacht repairs and sales operations should, therefore, be sold and the monies raised should be used to fuel further growth of the loan finance operations. The abbreviated financial statements for Coleraine Yachts Ltd for the most recent year are as follows: Balance sheet as at 31 January 2002 £000s £000s £000s Fixed assets at written down values Freehold premises Machinery and equipment Motor vehicles 5,400 2,550 90 8,040 Current assets Stocks Trade debtors 780 2,200 2,980 Less: Creditors due within one year Trade creditors Bank overdraft 1,856 530 2,386 594 8,634 Less: Creditors due beyond one year Loan 2,100 6,534 Capital and reserves Ordinary share capital Retained profit 2,000 4,534 第 1 页 共 9 页