RICAL LIMITED

TRAMWAY OLDBURY ROAD, SMETHWICK, WARLEY, WEST MIDLANDS, B66 1NY

Company 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-2024
Accounts 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**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 00 (0.0%)
Resigned Ian Russell PERRINS 10 Nov 2017 29 Feb 2020 Director British 5 - 203 (12.0%)
Resigned Paul MARSH 11 Feb 2008 10 Nov 2017 Director British 1 - 492 (4.0%)
Active Byron Preston HEAD 01 Sep 2007 Director British 17 - 371 (1.9%)
Resigned John Anthony GILROY 01 Mar 2006 31 Aug 2007 Director Irish 0 - 173 (17.6%)
Resigned Paul Richard STREATFIELD 26 Jan 2001 31 Dec 2003 Director British 0 - 2012 (60.0%)
Resigned Michael Thomas EDWARDS 31 Aug 1991 28 Oct 2009 Chartered Accountant British 0 - 521 (1.9%)
Resigned Byron Preston HEAD 31 Mar 1979 21 Mar 2006 Company Director British 17 - 371 (1.9%)
Number of active directors: 2
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

Name
 
RICAL LIMITED (00088330) - Active
N.I. TEXTILES LIMITED (00148207) - Active
H.A.LIGHT,LIMITED (00240695) - Active
TEXTILE RECORDER (MACHINERY & ACCESSORIES) EXHIBITIONS LIMITED (00295589) - Active - Proposal to Strike off
AVON DIECASTING CO.,LIMITED (00356299) - Active
BRITISH PENS LIMITED (00397694) - Active
S J & E FELLOWS LIMITED (00432368) - Active
WILLIAM MITCHELL (SINKERS) LIMITED (00456938) - Active
H.A.LIGHT(ENGINEERING)LIMITED (00597615) - Active
TAURUS ENGINEERING LIMITED (00714922) - Active
COPELAND & JENKINS LIMITED (00984978) - Active
WIRE PRODUCTS LIMITED (01205743) - Active
H.A. LIGHT (PRESSCRAFT) LIMITED (01254785) - Active
H.A. LIGHT FINDINGS LIMITED (01270401) - Active
H.A. LIGHT (MULTIFORMS) LIMITED (01289226) - Active
ECONOMIC STAMPINGS LIMITED (01631399) - Active
01632078 LIMITED (01632078) - Active
RICAL GROUP LIMITED (01660664) - Active
PRIORY PRODUCTS LIMITED (01664756) - Active
MEDWAY LIMITED (02539590) - Active
WILLIAM MITCHELL CALLIGRAPHY LIMITED (03161174) - Active
RICAL INVESTMENTS LIMITED (03219166) - Active
WILLIAM MITCHELL LIMITED (03524486) - Active
WILLIAM MITCHELL (FINE BLANKING) LIMITED (03524487) - Active
BPH INDUSTRIES LIMITED (04141138) - Active
BACOL FINE BLANKING LIMITED (06503811) - Active
RICAL PROPERTIES LIMITED (11129829) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-11-252015-11-252014-11-252013-11-252012-11-29
BYRON PRESTON HEADORDINARY1,348,057
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
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