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The RM® Corporate Credit Report

Date : 23/05/1999 Time : 19:09:29 Latest Information : 02/04/1998 Version : 4.0 Client Code : 660099 0 Client Reference : your ref Currency : #

Company Name : W H GROUP LIMITED Company Number : 02505703 Date of Incorp : 24/05/1990 Annual Return Date : 24/05/1998 Credit Limit : 250,000.00 Company Type : Private Company Legal Status : Clear Legal Status Date : N/A Company Secretary : N K FAIRBAIRN, Registered Office : 5 CROWN CLOSE WICK LANE BOW LONDON E3 2JT Post Code : E3 2JT Business Address : W H House 32 Bethnal Green Road London E1 6HZ Business Phone No. : 0171-729-5088 Fax Number : 0171-729-4709 Names of Directors : A L DALTREY, D B M BRIENT, N K FAIRBAIRN, C KARAVIAS, F A M BRIENT, S R CHARLICK, Business Activities : The supply of office equipment and furniture. US SIC Codes : 5044 OFFICE EQUIPMENT 5021 FURNITURE 5712 FURNITURE STORES

Previous Names : 22/03/1991 ELSMORE SERVICES LIMITED

Share Capital and Shareholders

Annual Return Date : 24/05/1998 Share Currency : # Nominal Capital : 120,000 Divided Into : 100,000 A ORD Shares of 1 each Issued at date of Report : 30,000 A ORD Names of Principal Shareholders :

CASTAS KARAVIAS A ORD 20,000 CASTAS KARAVIAS B ORD 600,000 ANTHONY LEONARD DALTREY A ORD 10,000 ANTHONY LEONARD DALTREY B ORD 300,000 Immediate Holding Company : None

Ultimate Holding Company : Not Applicable

Up to 10 UK Subsidiaries : 01458189 HOUNDSDITCH BUSINESS MACHINES LIMITED 01516548 WEST END GROUP LIMITED 02050444 HBE SYSTEMS LIMITED 02095907 WEST END INFORMATION SYSTEMS LIMITED 02382690 WEST END BUSINESS MACHINES LIMITED 02670867 DOCUBASE UK LIMITED

Directors and Secretary Details

COMPANY SECRETARY Co Secretary: N K FAIRBAIRN Nationality : BRITISH Date Appointed: 13/03/1998 Home Address: Date of Birth : 24/12/1952 COPPER BEECHES 26 WEYSPRINGS Occupation: COMPANY DIRECTOR HASLEMERE SURREY GU27 1DE Co Sec & Director: Y Other Directorships: Y DIRECTORS Director : A L DALTREY Nationality : BRITISH Date Appointed: 24/05/1992 Home Address: Date of Birth : 28/02/1956 SUSSEX COTTAGE CHALLACOMBE CLOSE Occupation: COMPANY DIRECTOR BRENTWOOD ESSEX CM13 2LU Other Directorships: Y Director : D B M BRIENT Nationality : BRITISH Date Appointed: 13/03/1998 Home Address: Date of Birth : 21/03/1961 31 LANGTON WAY Occupation: BLACKHEATH COMPANY DIRECTOR LONDON SE3 7TJ Other Directorships: Y Director : C KARAVIAS Nationality : GREEK CYPRIOT Date Appointed: 24/05/1992 Home Address: Date of Birth : 31/07/1955 LONGMEAD BACK LANE Occupation: COMPANY DIRECTOR WALDRON EAST SUSSEX TN21 0NH Other Directorships: Y Director : F A M BRIENT Nationality : BRITISH Date Appointed: 13/03/1998 Home Address: Date of Birth : 19/01/1934 BROOKMEAD 27 SECOND AVENUE Occupation: MANAGING DIRECTOR FRINTON ON SEA ESSEX CO13 9ER Other Directorships: Y Director : S R CHARLICK Nationality : BRITISH Date Appointed: 13/03/1998 Home Address: Date of Birth : 18/01/1953 227 COURT ROAD Occupation: DIRECTOR LONDON SE9 4TG Other Directorships: Y

Mortgages and Charges

Charges/Debentures Registered

Companies House Mortgage Information

Full Mortgage Details

1 Fully Satisfied/no 06/06/1991 MORTGAGE DEBENTURE - NATIONAL WESTMINSTER BANK PLC Date Registered:11/06/1991 MORTGAGE DEBENTURE Amount Secured:ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER Property Charged:A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES Person(s) Entitled:NATIONAL WESTMINSTER BANK PLC 5 Fully Satisfied/no 13/03/1998 GUARANTEE & DEBENTURE - BARCLAYS BANK PLC Date Registered:20/03/1998 GUARANTEE & DEBENTURE Amount Secured:ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER Person(s) Entitled:BARCLAYS BANK PLC Property Charged:FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE CH MICROFICHE FOR FULL DETAILS 6 Fully Satisfied/no 09/04/1998 GUARANTEE AND DEBENTURE - BARCLAYS BANK PLC Date Registered:16/04/1998 GUARANTEE AND DEBENTURE Amount Secured:ALL MONIES AND LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR DUDLEY STATIONERY LIMITED AND/OR FAIRWAY GROUP PLC AND/OR F H BROWN LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER Person(s) Entitled:BARCLAYS BANK PLC Property Charged:FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY . SEE CH MICROFICHE FOR FULL DETAILS

Bankers are : National Westminster Bank Plc, 60-40-04 Sort Code :

Latest Accounts Extracts

Scale: Thousands Profit & Loss Extracts No. of Months : 12 Period Ending : 31/12/1997 Consolidated : Yes Turnover 12445.70 Interest Paid 13.31 Exports N/K Dividends 661.00 Directors Fees 143.81 Wages 1846.10 Profit Before Tax 1294.65 Profit After Tax 831.69 Balance Sheet Extracts No. of Months : 12 Period Ending : 31/12/1997 Tangible Fixed Assets 535.52 Intangible Assets N/K Investments N/K Total Fixed Assets 535.52 Stock 971.24 Trade Debtors 1690.48 Cash & Equivalent 914.99 Inter Company Balances N/K Total Current Assets 3605.85 Total Assets 4141.37 Trade Creditors 2091.20 Overdrafts 271.19 ShortTerm Loans 284.21 Inter Company Balances N/K Total Current Liabilities 3275.61 Net Current Assets 330.24 Long Term Borrowings 96.16 Other L.T. Liabilities 79.28 Total L.T. Liabilities 175.45 Paid Up Equity 120.00 Reserves 570.31 Shareholders Funds 690.31 Credit Limit 250.00 Number of Employees 68

Auditors

Auditors are : Morgan Brown & Spofforth Town : LONDON Auditors Renumeration : 14500 Auditors Comment on the latest Balance Sheet :

The accounts give a true and fair view.

 Auditors Qualified Accounts ? no
Credit Information

 CCJ's Registered

 ------------------------------------------------------------------------------
 Information concerning County Court Judgements is provided in good faith;
 however we do not accept responsibility for the accuracy thereof
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 Exact Matches
 =============
 Court                Date & Amount of Judgement  Status        Date Settled
 IPSWICH               19 Nov 1998      4,329.00  Judgement
 Case No.  IP805531

 Gazette Information:

         N/A


 Payment Profiles    :

        Creditor Days:
          Sector Average                         :      29.27  Days
          W H GROUP LIMITED                      :      61.33  Days

        Liquidity Ratio:
          Sector Average                         :      -0.67
          W H GROUP LIMITED                      :       0.80


 Vital Signs         :

        Turnover increased by                    :          24.1 %
        Pre Tax Profit increased by              :          81.5 %
        Gearing decreased by                     :         218.9 %
        Working Capital increased by             :          24.9 %

 Monthly Trade Credit Limit                      :        250,000

Whilst every precaution has been taken to check the reliability of the report, no responsibility can be accepted for any inaccuracies contained herein.

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