<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(B)
(AMENDMENT NO. 1)*
COMPASS PLASTICS & TECHNOLOGIES, INC.
----------------------------------------------------------------
(Name of issuer)
Common Stock, par value $.0001 per share
----------------------------------------------------------------
(Title of class of securities)
203915103
-----------------------------
(CUSIP number)
December 31, 1998
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
Page 1 of 17 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 2 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
J O Hambro Capital Management Limited
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,090,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,090,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,090,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
22.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 3 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
J O Hambro Capital Management Limited (Holdings) Limited
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,090,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,090,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,090,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
22.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
HC, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 4 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Growth Financial Services Limited
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
750,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
750,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
750,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
15.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 5 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
North Atlantic Smaller Companies Investment Trust plc
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
750,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
750,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
750,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
15.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IV, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 6 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,090,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,090,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,090,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
22.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 7 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Oryx International Growth Fund Limited
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Guernsey (Channel Islands)
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
150,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
150,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
150,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IV, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 203915103 13G PAGE 8 OF 17 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Consulta (Channel Islands) Limited
No IRS Identification Number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Guernsey (Channel Islands)
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
150,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
150,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
150,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
STATEMENT ON SCHEDULE 13G
-------------------------
ITEM 1(A). NAME OF ISSUER:
--------------
Compass Plastics & Technologies, Inc. (the "Company").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
15730 South Figueroa Street, Gardena, California 90248.
ITEM 2(A). NAME OF PERSON FILING:
---------------------
This Statement is filed on behalf of the following seven persons, who are
collectively referred to as the "Filing Parties":
1. J O Hambro Capital Management (Holdings) Limited ("Holdings") is a
corporation organized under the laws of England with its principal office
and business at 10 Park Place, London SW1A 1LP England. Holdings functions
as the ultimate holding company for J O Hambro Capital Management.
2. J O Hambro Capital Management Limited ("J O Hambro Capital Management"),
formerly named J O Hambro & Partners Limited, is a corporation organized
under the laws of England with its principal office and business at 10 Park
Place, London SW1A 1LP England. J O Hambro Capital Management is
principally engaged in the business of investment management and advising.
It serves as co-investment adviser to NASCIT and as investment adviser to
Oryx as well as private clients.
3. Christopher Harwood Bernard Mills is a British citizen whose business
address is 10 Park Place, London SW1A 1LP England. His principal
employment includes service as executive director of NASCIT, as a director
of J O Hambro Capital Management and Oryx, and as co-investment adviser to
NASCIT.
4. Growth Financial Services Limited ("GFS"), formerly named Growth Investment
Management Limited, is a corporation organized under the laws of England
with its principal office at 77 Middle Street, Brockham, Surrey RH3 7HL
England and with its principal business at 10 Park Place, London SW1A 1LP
England. GFS has undertaken to provide the services of Christopher Mills
to NASCIT.
5. North Atlantic Smaller Companies Investment Trust plc ("NASCIT"), formerly
named Consolidated Venture Trust plc, is a corporation organized under the
laws of England with its principal office and business at 10 Park Place,
London SW1A 1LP England. NASCIT is a publicly-held investment trust
company. Christopher Harwood Bernard Mills and J O Hambro Capital
Management serve as co-investment advisers to NASCIT.
6. Oryx International Growth Fund Limited ("Oryx") is a corporation organized
under the laws of the Island of Guernsey with its principal office and
business at Bermuda House, St. Julian's Avenue, St. Peter Port, Guernsey.
Oryx is a closed-end investment company. J O Hambro Capital Management and
Consulta serve as investment advisers to Oryx.
Page 9 of 17 Pages
<PAGE>
7. Consulta (Channel Islands) Limited ("Consulta") is a corporation organized
under the laws of the Island of Guernsey with its principal office and
business at Bermuda House, St. Julian's Avenue, St. Peter Port, Guernsey.
Consulta is principally engaged in the business of investment management
and advising and serving as investment manager of Oryx.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
-----------------------------------------------------------
The principal business address of the Filing Parties is c/o J O Hambro
Capital Management Limited, 10 Park Place, London SW1A 1LP England.
ITEM 2(C). CITIZENSHIP:
-----------
England
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
----------------------------
Common Stock, par value $.0001 per share.
ITEM 2(E). CUSIP NUMBER:
------------
203915103
ITEM 3. IF THE STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
-----------------------------------------------------------------
CHECK WHETHER THE PERSON FILING IS A:
------------------------------------
Not Applicable.
Page 10 of 17 Pages
<PAGE>
ITEM 4. OWNERSHIP:
---------
The aggregate number and percentage of the outstanding Common Stock of the
Company beneficially owned by each of the Filing Parties as of December 31, 1998
are as follows:
<TABLE>
<CAPTION>
Number
of Number of
Number of Shares: Shares: Sole
Aggregate Shares: Sole Shared or Shared
Filing Number of Power to Power to Power to Approximate
Party Shares: Vote Vote Dispose Percentage*
- ----- --------- ------------ --------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Holdings 1,090,000 0 1,090,000 1,090,000 22.3%
J O Hambro 1,090,000 0 1,090,000 1,090,000 22.3%
Capital
Management
Christopher H.B. 1,090,000 0 1,090,000 1,090,000 22.3%
Mills
GFS 750,000 0 750,000 750,000 15.4%
NASCIT 750,000 0 750,000 750,000 15.4%
Oryx 150,000 0 150,000 150,000 3.1%
Consulta 150,000 0 150,000 150,000 3.1%
- ----------------------------------------------------------------------------------
</TABLE>
* Based on 4,883,750 of Common Stock, par value $.0001 per share,
outstanding as of July 26, 1998, which is based on information reported in the
Company's Quarterly Report on Form 10-Q for the quarter ended July 26, 1998.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
--------------------------------------------
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
---------------------------------------------------------------
As co-investment advisers to NASCIT, Christopher Harwood Bernard Mills and
J O Hambro Capital Management share the right to transfer and vote the shares of
Common Stock of the Company pursuant to an agreement entered into among NASCIT,
GFS and Christopher Mills and an agreement entered into between NASCIT and J O
Hambro Capital Management, each dated as of January 7, 1993, respectively.
As investment manager for Oryx, Consulta has the right to transfer and vote
the shares of Common Stock of the Company pursuant to an agreement dated as of
February 16, 1995 between Oryx and Consulta. As investment adviser to Oryx, J O
Hambro Capital Management has the right to transfer the shares of Common Stock
of the Company pursuant to an agreement dated as of February 16, 1995 between J
O Hambro Capital Management and Consulta.
Page 11 of 17 Pages
<PAGE>
As investment manager for certain of its private clients, J O Hambro
Capital Management has the right to transfer and vote the shares of Common Stock
of the Company pursuant to either agreements or arrangements entered into with
such private clients.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
----------------------------------------------------------------------
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
--------------------------------------------------------
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
---------------------------------------------------------
See Item 2(a).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
------------------------------
Not Applicable.
ITEM 10. CERTIFICATION:
-------------
Not Applicable.
Page 12 of 17 Pages
<PAGE>
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Statement is true, complete and correct.
Dated: February 12, 1999 J O HAMBRO CAPITAL MANAGEMENT LIMITED
By: /s/ RCO Hellyer
---------------------------------
Name: RCO Hellyer
Title: Director
Executed on behalf of the parties hereto pursuant
to the Joint Filing Agreement filed herewith.
Page 13 of 17 Pages
<PAGE>
EXHIBITS
The following documents are filed herewith:
(a) Joint Filing Agreement dated as of February 12, 1999 among NASCIT,
GFS, J O Hambro Capital Management, J O Hambro Capital Management
(Holdings) Limited, Oryx, Consulta and Christopher Harwood Bernard
Mills.
Page 14 of 17 Pages
<PAGE>
JOINT FILING AGREEMENT
Page 15 of 17 Pages
<PAGE>
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G dated February
12, 1999 with respect to the shares of common stock, $0.0001 par value, of
Compass Plastics & Technologies, Inc. and any further amendments thereto
executed by each or any of us shall be filed on behalf of each of us pursuant to
and in accordance with the provisions of Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.
Date: 12 February 1999 NORTH ATLANTIC SMALLER COMPANIES
INVESTMENT TRUST PLC
By: J O Hambro Capital Management Limited,
Its investment advisor
By: /s/ R.C.O. Hellyer
-------------------------------
Name: R.C.O. Hellyer
Title: Director
Date: 12 February 1999 J O HAMBRO CAPITAL MANAGEMENT LIMITED
By: /s/ R.C.O. Hellyer
-------------------------------
Name: R.C.O. Hellyer
Title: Director
Date: 12 February 1999 J O HAMBRO CAPITAL MANAGEMENT (HOLDINGS) LIMITED
By: /s/ R.C.O. Hellyer
-------------------------------
Name: R.C.O. Hellyer
Title: Director
Page 16 of 17 Pages
<PAGE>
Date: 12 February 1999 GROWTH FINANCIAL SERVICES LIMITED
(formerly GROWTH INVESTMENT
MANAGEMENT LIMITED)
By: /s/ C.H.B. Mills
-------------------------------
Name: C. H. B. Mills
Title: Director
Date: 12 February 1999 ORYX INTERNATIONAL GROWTH FUND LIMITED
By: J O Hambro Capital Management Limited,
Its investment advisor
By: /s/ R.C.O. Hellyer
-------------------------------
Name: R.C.O. Hellyer
Title: Director
Date: 12 February 1999 CONSULTA (CHANNEL ISLANDS) LTD
By: /s/ Peter A. Heaps
-------------------------------
Name: Peter A. Heaps
Title: Director
Date: 12 February 1999 CHRISTOPHER MILLS
/s/ Christopher Mills
------------------------------------
Page 17 of 17 Pages
