STV CENTRAL LIMITED

PACIFIC QUAY, GLASGOW, G51 1PQ

Previous name: SCOTTISH TELEVISION LIMITED (changed on 03-Jul-2006)

Company Number: SC172149
Incorporation date: 07-Feb-1997
Status: Active
Entity type: Private Limited Company

SIC codes:
60200 Television programming and broadcasting activities

SUMMARY

This company is 27.2 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 32.4 million which has increased from GBP 26.6 million in the previous year. The latest reported revenue figure is GBP 89 million which is similar to the previous year's figure of GBP 87.9 million. The company has 5 active officers (directors or partners) who are or were officers of 60 other companies, 8 (13.3%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Tax	Net Profit GBP
31-Dec-2018	GBP	88,997,000	654,000	5,759,000
31-Dec-2017	GBP	87,921,000	1,001,000	10,239,000
31-Dec-2016	GBP	92,428,000	125,000	12,203,000
31-Dec-2015	GBP	90,296,000	213,000	10,116,000
31-Dec-2014	GBP	84,249,000	800,000	9,729,000
31-Dec-2013	GBP	76,277,000	2,162,000	6,672,000
31-Dec-2012	GBP	67,347,000	1,343,000	3,437,000
31-Dec-2011	GBP	65,415,000	2,840,000
31-Dec-2010	GBP	68,382,000	90,000	4,188,000
31-Dec-2009	GBP	59,654,000	1,142,000	8,420,000
31-Dec-2008	GBP	66,816,000	838,000	6,965,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2018	GBP	9,474,000	106,442,000	81,109,000		2,567,000	29,786,000	32,353,000
31-Dec-2017	GBP	9,396,000	100,383,000	81,060,000		2,967,000	24,027,000	26,594,000
31-Dec-2016	GBP	13,717,000	142,350,000	132,209,000		2,567,000	13,788,000	16,355,000
31-Dec-2015	GBP	16,810,000	131,033,000	133,928,000		2,567,000	1,585,000	4,152,000
31-Dec-2014	GBP	12,723,000	105,952,000	37,211,000	49,728,000	2,567,000	22,769,000	25,336,000
31-Dec-2013	GBP	55,470,000	103,368,000	41,611,000	50,722,000	2,567,000	13,040,000	15,607,000
31-Dec-2012	GBP	7,919,000	16,493,000	27,458,000		2,567,000	6,368,000	8,935,000
31-Dec-2011	GBP	5,378,000	77,620,000	28,332,000	50,293,000	2,567,000	162,934,000	5,498,000
31-Dec-2010	GBP	6,367,000	63,659,000	12,000	31,448,000	2,567,000	4,227,000	6,794,000
31-Dec-2009	GBP	11,683,000	89,100,000	29,364,000	66,203,000	2,567,000		2,606,000
31-Dec-2008	GBP	14,000,000	103,623,000	34,066,000	71,425,000	2,567,000		9,186,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2018	GBP	-15.58%	-400,000	2,967,000	2,567,000	-6,668,000
31-Dec-2017	GBP	13.48%	400,000	2,567,000	2,967,000	-8,789,500

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	Eileen June MALCOLMSON	06 Oct 2022	18 Apr 2024		1 - 0
Active	BURNESS PAULL & WILLIAMSONS LLP	01 Jul 2022	18 Apr 2024		228 - 1079
Resigned	Jane Elizabeth Anne TAMES	26 Jan 2007	01 Jul 2022	British	0 - 85
Resigned	Sara CLARKE	31 Aug 2001	26 Jan 2007		0 - 58
Resigned	Dawn DAVIDSON	02 May 1997	31 Aug 2001		0 - 48

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Lindsay Anne DIXON	21 May 2019		Company Director	British	24 - 5	0 (0.0%)
Active	Simon Jeremy PITTS	03 Jan 2018		Company Director	British	26 - 23	3 (6.1%)
Resigned	Elizabeth PARTYKA	04 Feb 2013	04 Aug 2017	Managing Director	British	0 - 12	3 (25.0%)
Resigned	Alistair Sandford Burns BROWN	04 Feb 2013	30 Jun 2018	Company Director	British	1 - 3	1 (25.0%)
Active	Peter REILLY	04 Feb 2013		Company Director	British	4 - 0	1 (25.0%)
Resigned	David William ARCHER	15 Mar 2010	31 Dec 2010	Company Director	British	4 - 8	3 (25.0%)
Resigned	Anmar Jeremy KAWASH	15 Mar 2010	30 Dec 2011	Company Director	British	1 - 34	8 (22.9%)
Resigned	David CONNOLLY	15 Mar 2010	31 Dec 2010	Managing Director	British	0 - 4	1 (25.0%)
Active	Suzanne BURNS	15 Mar 2010		Company Director	British	3 - 0	0 (0.0%)
Resigned	Robert Stanley Lawrence WOODWARD	02 Apr 2007	31 Dec 2017	Director	British	10 - 70	23 (28.8%)
Active	Robert William HAIN	28 Jan 2004		Director	British	4 - 17	7 (33.3%)
Resigned	William George WATT	11 Jul 2001	23 Apr 2019	Group Finance Director	British	3 - 71	33 (44.6%)
Resigned	Donald Gordon EMSLIE	14 Nov 1997	11 Apr 2007	Director	British	3 - 63	25 (37.9%)
Resigned	Alexander ROSS	14 Nov 1997	28 Jan 2004	Television Producer	British	1 - 7	4 (50.0%)
Resigned	Robert Scott FERGUSON	14 Nov 1997	12 Jun 2000	Tv Executive	British	0 - 2	1 (50.0%)
Resigned	Gary William HUGHES	02 May 1997	07 Aug 2000	Company Director	British	0 - 83	40 (48.2%)
Resigned	Angus John MACDONALD	02 May 1997	03 Aug 1998	Company Director	British	0 - 42	17 (40.5%)
Resigned	Andrew Henry FLANAGAN	02 May 1997	18 Jul 2006	Chief Executive	British	0 - 79	40 (50.6%)
Resigned	D.W. COMPANY SERVICES LIMITED	07 Feb 1997	02 May 1997			2 - 586	276 (46.9%)
Resigned	Michael Buchanan POLSON	07 Feb 1997	02 May 1997		British	0 - 38	13 (34.2%)
Resigned	Maureen Sheila COUTTS	07 Feb 1997	02 May 1997		British	0 - 209	96 (45.9%)

Number of active directors: 5
Average tenure of active directors: 11.4 years
Average tenure of resigned directors: 4.7 years
Average active director Dissolution Rate: 12.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Lindsay Anne DIXON	Simon Jeremy PITTS	Peter REILLY	Suzanne BURNS	Robert William HAIN
ITV SERVICES LIMITED (00229607) - Active		✔
ROYAL TELEVISION SOCIETY (00249462) - Active		✔
INDEPENDENT TELEVISION NEWS LIMITED (00548648) - Active		✔
ITV NETWORK LIMITED (00603893) - Active		✔			✔
ITV BROADCASTING LIMITED (00955957) - Active		✔
INDUSTRY AND PARLIAMENT TRUST (01308583) - Active					✔
GINGER TELEVISION PRODUCTIONS LIMITED (02818356) - Active	✔	✔
ITV CONSUMER LIMITED (02937518) - Active		✔
DOLLSHOUSE FILMS LIMITED (03023038) - Dissolved					✔
GRANADA MEDIA (SDN) LIMITED (03121845) - Dissolved		✔
SDN LIMITED (03309912) - Active		✔
THE GINGER MEDIA GROUP LIMITED (03465481) - Active	✔	✔
ONE GOLDEN SQUARE CREATIVE LIMITED (03588529) - Active					✔
STV NEWS SERVICES LIMITED (03730997) - Active	✔	✔
SKA GINGER PRODUCTIONS LIMITED (03778599) - Active	✔	✔
INTERACTIVE TELEPHONY LIMITED (04842712) - Active		✔
EVERYONE TV LIMITED (05422613) - Active		✔
YOUVIEW TV LTD (07308805) - Active		✔
COMUX UK LTD (07967418) - Active					✔
GREENBIRD MEDIA LIMITED (08058336) - Active	✔	✔
LOCAL TELEVISION NETWORK LIMITED (08849214) - Active					✔
TEAL MEDIA LTD (09021835) - Active	✔	✔
PRIMAL MEDIA LIMITED (10118323) - Active	✔	✔
OSCAR'S BOOK PRIZE (10155030) - Active		✔
DENIPURNA LIMITED (10500295) - Active		✔
UTV LIMITED (NI004230) - Active		✔
STV NORTH LIMITED (SC035733) - Active	✔	✔	✔	✔	✔
THE SCOTTISH YOUTH THEATRE LIMITED (SC064430) - Active					✔
ALTISSIMO MUSIC LIMITED (SC135533) - Active	✔	✔
STV STUDIOS LIMITED (SC139254) - Active	✔	✔
STV NORTH (REGIONAL) LIMITED (SC155025) - Dissolved					✔
STV PUBLISHING LIMITED (SC155036) - Active	✔	✔
STV CENTRAL (REGIONAL) LIMITED (SC163081) - Dissolved					✔
STV TELEVISION LIMITED (SC166604) - Active	✔	✔		✔	✔
RISE & SHINE (TELEVISION) LIMITED (SC166835) - Active	✔	✔
GALAXY RADIO SCOTLAND LIMITED (SC168821) - Active					✔
STV OUT OF HOME LIMITED (SC169279) - Active	✔	✔
STV REGIONAL RADIO LIMITED (SC169280) - Dissolved					✔
STV CENTRAL LIMITED (SC172149) - Active	✔	✔	✔	✔	✔
SCOTTISH NEWS NETWORK LIMITED (SC172150) - Active	✔	✔
STV SERVICES LIMITED (SC174088) - Active	✔	✔
STV.TV LIMITED (SC185265) - Active	✔	✔
STV GROUP PLC (SC203873) - Active	✔	✔
PEOPLESCHAMPION.COM LIMITED (SC270602) - Active	✔	✔			✔
SOLUTIONS.TV LIMITED (SC276514) - Active	✔	✔
STV SIP TRUSTEES LIMITED (SC280383) - Active	✔	✔
GRAMPIAN TELEVISION LIMITED (SC302988) - Active	✔	✔
SMARTYCARS.COM LIMITED (SC313154) - Dissolved					✔
STEPWELL CONSULTANCY LTD. (SC338404) - Active			✔
STEPWELL INNOVATE LTD. (SC386474) - Active - Proposal to Strike off			✔
LOCAL TV NEWS LIMITED (SC429418) - Active - Proposal to Strike off		✔			✔
THAT'S ENTERTAINMENT TV LIMITED (SC429421) - Active		✔			✔
STV APPEAL TRADING COMPANY LIMITED (SC446343) - Active	✔	✔
STV ABERDEEN LIMITED (SC488499) - Active		✔			✔
PUBLIC SERVICE MEDIA LIMITED (SC488505) - Active - Proposal to Strike off		✔			✔
STV AYR LIMITED (SC488509) - Active		✔			✔
MBC ELM LIMITED (SC513712) - Active	✔	✔
STV DRAMA PRODUCTIONS LIMITED (SC577504) - Active	✔	✔
STV DOCUMENTARIES LIMITED (SC623536) - Active	✔	✔
STV DRAMA PRODUCTIONS 3 LIMITED (SC666890) - Active	✔	✔
STV TOD PRODUCTIONS LIMITED (SC709009) - Active	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2018-01-04	2015-12-31	2014-12-31	2013-12-31	2012-12-31
ABBEY NATIONAL NOMINEES LIMITED	ORDINARY	2,567,001 100%	0 0%	0 0%	0 0%	0 0%
DURLACHER NOMINEES LIMITED	ORDINARY	0 0%	2,567,001 100%	0 0%	0 0%	0 0%
BARCLAYSHARE NOMINEES LIMITED	ORDINARY	0 0%	0 0%	2,567,001 100%	2,567,001 100%	2,567,001 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- >75%:Santander Uk Plc (2294747 - United Kingdom) active
>75%:Abbey National Nominees Ltd (02516674 - United Kingdom) ceased
- >75%:Stv News Services Limited (03730997 - Uk(Scotland)) active
>75%:Stv Television Limited (Sc166604 - United Kingdom) active

Controlling entities above

STV CENTRAL LIMITED

no controlled companies

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2023-07-01	2023-12-31	22	1%	29%	79130
2023-01-01	2023-06-30	19	1%	12%	72346
2022-07-01	2022-12-31	21	1%	12%	67212
2022-01-01	2022-06-30	20	0%	21%	60395
2021-07-01	2021-12-31	23	2%	24%	52725
2021-01-01	2021-06-30	23	2%	27%	47945
2020-07-01	2020-12-31	28	3%	32%	40944
2020-01-01	2020-06-30	26	3%	39%	34632
2020-01-01	2020-06-30		%	%	34567
2019-07-01	2019-12-31	23	1%	34%	27870
2019-01-01	2019-06-30	21	1%	30%	20485
2018-07-01	2018-12-31	22	1%	38%	12889
2018-01-01	2018-06-30	27	3%	45%	2797

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 60200 Television programming and broadcasting activities)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
NORDIC ENTERTAINMENT GROUP UK LIMITED	CHISWICK GREEN, 610 CHISWICK HIGH ROAD, LONDON, W4 5RU	02228654	2017-12-31	6,897,784,000	212,318,000
FORMULA ONE WORLD CHAMPIONSHIP LIMITED	NO. 2, ST. JAMES'S MARKET, LONDON, UNITED KINGDOM, SW1Y 4AH	04174493	2017-12-31	1,430,696,000	-852,542,000	93199-Other sports activities
BBC STUDIOS PRODUCTIONS LIMITED	1 TELEVISION CENTRE, 101 WOOD LANE, LONDON, UNITED KINGDOM, W12 7FA	09463829	2018-03-31	424,268,000	3,993,000
UKTV MEDIA LIMITED	10 HAMMERSMITH GROVE, LONDON, W6 7AP	04266373	2017-12-31	333,050,000	58,055,000
SPORTS INFORMATION SERVICES LIMITED	2 WHITEHALL AVENUE, KINGSTON, MILTON KEYNES, ENGLAND, MK10 0AX	04243307	2018-03-31	173,807,000	5,113,000
INDEPENDENT TELEVISION NEWS LIMITED	200 GRAYS INN ROAD, LONDON, WC1X 8XZ	00548648	2018-12-31	126,920,000	1,239,000
RED BEE MEDIA LIMITED	BUILDING 1, 566 CHISWICK HIGH ROAD, LONDON, ENGLAND, W4 5BE	04257461	2017-12-31	104,741,000	-18,937,000
STV CENTRAL LIMITED	PACIFIC QUAY, GLASGOW, G51 1PQ	SC172149	2017-12-31	87,921,000	10,239,000
AMINO TECHNOLOGIES PLC	BOTANIC HOUSE, 100 HILLS ROAD, CAMBRIDGE, ENGLAND, CB2 1PH	05083390	2017-11-30	75,303,000	11,130,000	62020-Information technology consultancy activities 62090-Other information technology service activities
AMINO COMMUNICATIONS LIMITED	BOTANIC HOUSE, 100 HILLS ROAD, CAMBRIDGE, ENGLAND, CB2 1PH	03490180	2017-11-30	59,032,977	5,379,107	62020-Information technology consultancy activities 62090-Other information technology service activities
BBC GLOBAL NEWS LIMITED	1 TELEVISION CENTRE, 101 WOOD LANE, LONDON, UNITED KINGDOM, UNITED KINGDOM, W12 7FA	04514407	2018-03-31	48,785,000	11,736,000
BBC GRAFTON HOUSE PRODUCTIONS LIMITED	1 TELEVISION CENTRE, 101 WOOD LANE, LONDON, UNITED KINGDOM, W12 7FA	08539875	2018-03-31	37,722,534	1,483,781
TOTE MEDIA LIMITED	THE SPECTRUM BENSON ROAD, BIRCHWOOD, WARRINGTON, WA3 7PQ	08786587	2018-03-31	12,323,984	0
EXCELLENT ENTERTAINMENT LIMITED	61A POUND STREET, CARSHALTON, UNITED KINGDOM, SM5 3PG	09672003	2018-02-28	4,822,844	0
LYCA MEDIA LIMITED	3RD FLOOR, WALBROOK BUILDING 195 MARSH WALL, LONDON, E14 9SG	08503593	2018-02-28	1,236,015	0
AMARINE ENTERTAINMENT LIMITED	19 WIMBLEDON AVENUE, BRANDON, SUFFOLK, ENGLAND, IP27 0NZ	08330858	2018-03-31	598,533	0	62011-Ready-made interactive leisure and entertainment software development
AFRICAN BROADCASTING CORPORATION (ABCTV) LTD	37 ELSTREE GARDENS, LONDON, ENGLAND, N9 8QY	03395697	2018-07-31	554,203	0
I 2 I MEDIA LIMITED	COMMERCIAL HOUSE, 52 PERRYMOUNT ROAD, HAYWARDS HEATH, WEST SUSSEX, ENGLAND, RH16 3DT	04378423	2019-04-30	260,059	0	63110-Data processing, hosting and related activities
NILE TECHNOLOGY SYSTEMS LIMITED	10 TARGET HILL, WARFIELD, BRACKNELL, BERKSHIRE, RG42 3SN	08786778	2017-11-30	206,040	0
EVERGREEN ENTERTAINMENT LIMITED	4 DOG CLOSE, ADDERBURY, BANBURY, OXFORDSHIRE, OX17 3EF	07004500	2018-08-31	179,385	0
DC 2 MEDIA LIMITED	ENDEAVOUR HOUSE, 78 STAFFORD, ROAD, WALLINGTON, SURREY, SM6 9AY	04393976	2019-03-31	96,205	0
RADBUL LIMITED	48 WARKWORTH GARDENS, ISLEWORTH, MIDDLESEX, UNITED KINGDOM, TW7 5JP	08875011	2018-02-28	79,850	0
PROJECTS UK LIMITED	2 KINGSDOWNE COURT, 10 THE COMMON, EALING, LONDON, W5 3TT	05370455	2018-03-31	74,482	0	61100-Wired telecommunications activities 74909-Other professional, scientific and technical activities not elsewhere classified
BUNYIP FINANCIAL SERVICES LIMITED	6 APPLETON COURT, BISHOPTHORPE, YORK, NORTH YORKSHIRE, YO23 2RY	05073175	2019-03-31	73,870	0
FIVE FINGER POST LIMITED	44 KINGSEND, RUISLIP, MIDDLESEX, ENGLAND, HA4 7DA	08199104	2017-09-30	72,645	0
BLINKING LIGHT LIMITED	45 EASTFIELD AVENUE, FAREHAM, HAMPSHIRE, PO14 1EQ	08255567	2018-10-31	65,456	0
PHILLIP SUMMERS LIMITED	PHILLIP SUMMERS LIMITED, 48 ANGLESEA ROAD, IPSWICH, ENGLAND, IP1 3PW	07899292	2019-01-31	56,487	0
LONDON INTERNATIONAL FILMMAKER FESTIVAL LTD	1 CARN BREA COTTAGE, BATH ROAD, MARGATE, ENGLAND, CT9 1SW	08244467	2018-10-31	50,249	0
LARK ENGINEERS LIMITED	130 SUNNYHILL ROAD, STREATHAM, LONDON, ENGLAND, SW16 2UN	04712383	2018-03-31	44,522	0
HAYES MEDIA LTD	15 WHITTON WAYE, WHITTON, ENGLAND, TW3 2LT	07379628	2018-12-31	42,259	0
CALDARA LIMITED	38 CHURCH LANE, EDMONTON, LONDON, LONDON, N9 9QB	06442979	2018-12-31	37,898	0
LH PRODUCTION LIMITED	36A FINBOROUGH ROAD, LONDON, ENGLAND, SW10 9EG	10789317	2019-03-31	36,790	0
PURPLE IRIZ LIMITED	31 ASPEN GROVE, ALDERSHOT, HAMPSHIRE, GU12 4EU	08955178	2019-03-31	18,385	0
HENDERSON MEDIA ASSOCIATES LTD	STATION FINANCIAL, 26 STATION ROAD, NEW MILTON, ENGLAND, BH25 6JX	10513233	2018-11-30	18,340	0
ROUGH BEAST MEDIA LTD.	LLWYNDERW, HENLLAN AMGOED, WHITLAND, UNITED KINGDOM, SA34 0SL	10307882	2018-08-31	16,903	0
IDKFREELANCE BROADCAST AND IT SERVICES LTD	6 VICTORIA ROAD, POLEGATE, ENGLAND, BN26 6DB	09061868	2018-06-14	14,682	0
LOGAN MARKETING LIMITED	48 MEDWAY ROAD, LONDON, E3 5BY	07441582	2018-01-31	12,000	0
DOOHICKEY FILMS LIMITED	3 PARK AVENUE, CROSS GATES, LEEDS, UNITED KINGDOM, LS15 8EN	09637195	2018-06-30	1,732	0
TR MASON LTD	WINCHESTER BOURNE LTD, SULLIVAN COURT WESSEX BUSINESS PARK, WESSEX WAY, COLDEN COMMON, WINCHESTER, HAMPSHIRE, ENGLAND, SO21 1WP	09164983	2018-08-31	1,400	0
CRAFTBOX MEDIA LTD	33 CHALK RIDGE, WINCHESTER, HAMPSHIRE, ENGLAND, SO23 0QW	06255840	2019-03-31	743	0
CHRIS MATTHEWS POST PRODUCTION LTD	ALBION HOUSE, 32 PINCHBECK ROAD, SPALDING, LINCOLNSHIRE, UNITED KINGDOM, PE11 1QD	08962943	2018-03-31	350	0
GRANITE FILM & TELEVISION PRODUCTIONS LIMITED	CRA'WIDDIE, TARLAND, ABOYNE, ABERDEENSHIRE, SCOTLAND, AB34 4TJ	SC110823	2018-03-31	0	0
AMINO HOLDINGS LIMITED	BOTANIC HOUSE, 100 HILLS ROAD, CAMBRIDGE, ENGLAND, CB2 1PH	03295683	0000-00-00	0	0	62020-Information technology consultancy activities 62090-Other information technology service activities
SPORTS INFORMATION SERVICES (HOLDINGS) LIMITED	2 WHITEHALL AVENUE, KINGSTON, MILTON KEYNES, BUCKINGHAMSHIRE, ENGLAND, MK10 0AX	01939932	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
STV CENTRAL LIMITED	0.2%	1.3%	3.1%	Medium
Other companies Active in the same sector	0.0%	1.3%	3.7%	Medium


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium