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RICAL LIMITED
TRAMWAY OLDBURY ROAD, SMETHWICK, WARLEY, WEST MIDLANDS, B66 1NYCompany Number: 00088330
Incorporation date: 06-Apr-1906
Status: Active
Entity type: Private Limited Company
SIC codes:
24540 Casting of other non-ferrous metals
25620 Machining
25930 Manufacture of wire products, chain and springs
25990 Manufacture of other fabricated metal products not elsewhere classified
SUMMARY
This company is 118.1 years old and is currently active. It is controlled by Mr Byron Preston Head. The company has negative equity (net assets) of GBP -1.2 million which has worsened since the previous year's figure of GBP 3.6 million. The latest reported revenue figure is GBP 20.1 million which is down -10% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -1.5 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 26 other companies. 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: 31-May-2024Accounts Filed: GROUP (31-Aug-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Aug-2019 | GBP | 20,086,000 | -1,483,000 | 268,000 | -1,605,000 | ||
31-Aug-2018 | GBP | 23,057,000 | 34,000 | 140,000 | |||
31-Aug-2017 | GBP | 22,705,000 | -226,000 | 340,000 | -781,000 | ||
31-Aug-2016 | GBP | 21,250,000 | -4,216,000 | 289,000 | 168,000 | -1,337,000 | |
31-Aug-2015 | GBP | 22,699,000 | 442,000 | 10,000 | 217,000 | 589,000 | |
31-Aug-2014 | GBP | 22,938,000 | 574,000 | 5,000 | 5,000 | 122,000 | 648,000 |
31-Aug-2013 | GBP | 21,528,000 | 500,000 | 56,000 | 8,000 | 81,000 | 742,000 |
31-Aug-2012 | GBP | 23,699,000 | 826,000 | 2,000 | 21,000 | 210,000 | 582,000 |
31-Aug-2011 | GBP | 23,868,000 | 1,447,000 | 36,000 | 335,000 | 1,042,000 | |
31-Aug-2010 | GBP | 20,646,000 | 773,000 | 3,000 | 48,000 | 225,000 | 429,000 |
31-Aug-2009 | GBP | 20,410,000 | 455,000 | 39,000 | 96,000 | 144,000 | 286,000 |
31-Aug-2008 | GBP | 30,126,000 | 1,721,000 | 240,000 | 588,000 | 1,171,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Aug-2019 | GBP | 1,000 | 1,230,000 | 348,000 | -1,539,000 | -1,191,000 | |||
31-Aug-2018 | GBP | 6,000 | 1,416,000 | 348,000 | 3,277,000 | 3,625,000 | |||
31-Aug-2017 | GBP | 3,000 | 614,000 | 348,000 | 1,605,000 | 1,953,000 | |||
31-Aug-2016 | GBP | 530,000 | 6,352,000 | 705,000 | 348,000 | 164,000 | -286,000 | 226,000 | |
31-Aug-2015 | GBP | 1,772,000 | 4,144,000 | 348,000 | 4,132,000 | ||||
31-Aug-2014 | GBP | 1,950,000 | 4,466,000 | 378,000 | 348,000 | 3,562,000 | |||
31-Aug-2013 | GBP | 1,599,000 | 4,190,000 | 349,000 | 348,000 | 4,998,000 | |||
31-Aug-2012 | GBP | 1,716,000 | 4,650,000 | 379,000 | 348,000 | 3,544,000 | |||
31-Aug-2011 | GBP | 1,246,000 | 5,714,000 | 824,000 | 348,000 | 5,360,000 | |||
31-Aug-2010 | GBP | 869,000 | 4,956,000 | 1,225,000 | 348,000 | 5,366,000 | |||
31-Aug-2009 | GBP | 1,386,000 | 4,506,000 | 1,911,000 | 348,000 | 5,786,000 | |||
31-Aug-2008 | GBP | 2,604,000 | 8,812,000 | 2,460,000 | 348,000 | 5,292,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Andrew Paul BAXTER | 01 Sep 2021 | 17 Feb 2023 | 0 - 1 | ||
Resigned | Ian Russell PERRINS | 10 Nov 2017 | 29 Feb 2020 | 0 - 1 | ||
Resigned | Paul MARSH | 13 Nov 2007 | 10 Nov 2017 | Director | British | 1 - 49 |
Resigned | Michael Thomas EDWARDS | 13 Dec 1999 | 13 Nov 2007 | 0 - 52 | ||
Resigned | Andrew Merfyn REES | 27 Jan 1995 | 13 Dec 1999 | Solicitor | British | 0 - 49 |
Resigned | Andrew Merfyn REES | 13 Dec 1999 | 0 - 49 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Paul MORGAN | 01 Jan 2021 | Managing Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Ian Russell PERRINS | 10 Nov 2017 | 29 Feb 2020 | Director | British | 5 - 20 | 3 (12.0%) |
Resigned | Paul MARSH | 11 Feb 2008 | 10 Nov 2017 | Director | British | 1 - 49 | 2 (4.0%) |
Active | Byron Preston HEAD | 01 Sep 2007 | Director | British | 17 - 37 | 1 (1.9%) | |
Resigned | John Anthony GILROY | 01 Mar 2006 | 31 Aug 2007 | Director | Irish | 0 - 17 | 3 (17.6%) |
Resigned | Paul Richard STREATFIELD | 26 Jan 2001 | 31 Dec 2003 | Director | British | 0 - 20 | 12 (60.0%) |
Resigned | Michael Thomas EDWARDS | 31 Aug 1991 | 28 Oct 2009 | Chartered Accountant | British | 0 - 52 | 1 (1.9%) |
Resigned | Byron Preston HEAD | 31 Mar 1979 | 21 Mar 2006 | Company Director | British | 17 - 37 | 1 (1.9%) |
Average tenure of active directors: 9.9 years
Average tenure of resigned directors: 10.3 years
Average active director Dissolution Rate: 0.9%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2020-11-25 | 2015-11-25 | 2014-11-25 | 2013-11-25 | 2012-11-29 | ||
BYRON PRESTON HEAD | ORDINARY | 1,348,057 100% | 348,057 100% | 348,057 100% | 348,057 100% | 348,057 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
RICAL LIMITED
Controlled companies below
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 |
---|---|---|---|---|---|
2017-09-01 | 2018-02-28 | 60 | 50% | 91% | 1659 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
24540 Casting of other non-ferrous metals)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
HOWMET LIMITED | HOWMET KESTREL WAY, SOWTON INDUSTRIAL ESTATE, EXETER, ENGLAND, EX2 7LG | 02659893 | 2017-12-31 | 120,516,000 | 11,196,000 |
25990-Manufacture of other fabricated metal products not elsewhere classified |
DONCASTERS AEROSPACE LIMITED | HOLBROOK WORKS STATION ROAD, HALFWAY, SHEFFIELD, ENGLAND, S20 3GB | 04095261 | 2017-12-31 | 40,747,000 | 161,000 | |
JVM CASTINGS (WORCESTER) LIMITED | JVM CASTINGS LIMITED, DROITWICH ROAD, WORCESTER, ENGLAND, WR3 7JX | 05816200 | 2018-03-31 | 34,320,007 | -262,760 | |
RICAL LIMITED | TRAMWAY OLDBURY ROAD, SMETHWICK, WARLEY, WEST MIDLANDS, B66 1NY | 00088330 | 2018-08-31 | 23,566,000 | -341,000 |
25620-Machining 25930-Manufacture of wire products, chain and springs 25990-Manufacture of other fabricated metal products not elsewhere classified |
TRITECH PRECISION PRODUCTS (YEOVIL) LIMITED | BRIDGE ROAD NORTH BRIDGE ROAD NORTH, WREXHAM INDUSTRIAL ESTATE, WREXHAM, WALES, LL13 9PS | 09432835 | 2018-03-31 | 6,220,644 | 0 | |
ALLOY TECHNOLOGIES (UK) LIMITED | C/O TMF GROUP 13TH FLOOR, ONE ANGEL COURT, LONDON, UNITED KINGDOM, EC2R 7HJ | 02965664 | 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 |
---|---|---|---|---|
RICAL LIMITED | 0.9% | 3.9% | 8.2% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 1.7% | 2.7% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.6% | 1.5% | 2.5% | Medium |
Accounting Month | 1.1% | 4.7% | 11.8% | Medium |
Sic code count | 1.0% | 5.6% | 10.9% | Medium |