VALE EUROPE LIMITED

SUITE 1, 7TH FLOOR, 50 BROADWAY, LONDON, SW1H 0BL

Previous name: VALE INCO EUROPE LIMITED (changed on 06-Aug-2010)
Previous name: INCO EUROPE LIMITED (changed on 02-Apr-2008)

Company Number: 00137114
Incorporation date: 22-Jul-1914
Status: Active
Entity type: Private Limited Company

SIC codes:
24450 Other non-ferrous metal production





SUMMARY

This company is 109.8 years old and is currently active. It is controlled by Vale Inco Europe Holdings. The company has positive equity (net assets) of GBP 102.4 million which has increased from GBP 45.7 million in the previous year. The latest reported revenue figure is GBP 60.4 million which is down -90% on the previous year. The company has 2 active officers (directors or partners) who are or were officers of 4 other companies. The company has no public disputes filed on the Business Disputes Register. There are 2 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 Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 60,425,000 28,727,000 1,845,000 935,000 1,428,000 28,209,000
31-Dec-2018 GBP 459,061,000 7,366,000 61,219,000 6,903,000
31-Dec-2017 GBP 147,059,000 -923,000 1,253,000 1,220,000 -97,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 4,821,000 241,748,000 24,914,000 35,500,000 32,393,000 102,417,000
31-Dec-2018 GBP 22,840,000 170,937,000 10,950,000 35,500,000 32,393,000 -22,146,000 45,747,000
31-Dec-2017 GBP 20,325,000 171,964,000 16,585,000 13,544,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 100.00% 67,893,000 0 67,893,000 12,364,000
* 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 Occupation Nationality All apointments
(active/resigned)
Active VISTRA COMPANY SECRETARIES LIMITED 27 Jun 2011 18 Apr 2024 409 - 2252
Resigned Shelagh Ann JAMES 09 Jul 2010 27 Jun 2011 0 - 1
Resigned Andrew James, Mr. MATHESON 01 May 2005 26 Mar 2010 Accountant British 0 - 5
Resigned Alan CHAINEY 05 Dec 1997 01 May 2005 British 0 - 5
Resigned Alastair James Lochore GLOVER 04 Dec 1997 British 1 - 23

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Darren William POLAND 04 Aug 2020 None Supplied Welsh 3 - 20 (0.0%)
Active Gordon Christopher GILPIN 20 Feb 2019 Director Canadian 2 - 00 (0.0%)
Resigned Benjamin Gareth TIPPING 24 Sep 2018 28 Apr 2023 Finance Manager British 0 - 20 (0.0%)
Resigned Christopher Boyd, Dr THOMSON 16 Mar 2016 16 Mar 2016 Refinery Manager British 2 - 20 (0.0%)
Resigned Christopher Boyd, Dr THOMSON 15 Mar 2016 31 Dec 2018 Refinery Manager British 2 - 20 (0.0%)
Resigned Robert William KENT 04 Jun 2014 16 Oct 2015 None Supplied British 0 - 10 (0.0%)
Resigned Leigh Anthony LAWRY 16 Oct 2013 01 Apr 2014 Business Manager British 1 - 21 (33.3%)
Resigned Samuel Fearghas RHODES 16 Oct 2013 30 Nov 2017 Business Manager British 0 - 30 (0.0%)
Resigned Iain Ronald GUILLE 09 Jul 2010 28 Jun 2013 General Manager British 0 - 10 (0.0%)
Resigned Michael James COX 09 Jul 2010 31 Dec 2018 General Manager British 1 - 30 (0.0%)
Resigned Andrew James, Mr. MATHESON 01 May 2005 26 Mar 2010 Accountant British 0 - 50 (0.0%)
Resigned Adrian Leonard Balkwell GALE 01 Sep 2003 15 Mar 2006 Director British 0 - 20 (0.0%)
Resigned David Christopher MAYNARD 01 Jun 2000 30 Jun 2008 Director British 0 - 30 (0.0%)
Resigned Ivor, Dr KIRMAN 22 Dec 1999 31 May 2000 Director British 0 - 40 (0.0%)
Resigned Alan CHAINEY 16 Dec 1996 01 May 2005 Company Director British 0 - 50 (0.0%)
Resigned Ivor, Dr KIRMAN 31 May 2000 Director British 0 - 40 (0.0%)
Resigned Richard Allan BALE 29 Aug 2003 Director British 0 - 20 (0.0%)
Resigned Michael Rees NICHOLAS 24 Nov 1996 Director British 0 - 120 (0.0%)
Number of active directors: 2
Average tenure of active directors: 4.4 years
Average tenure of resigned directors: 3.1 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
VALE EUROPE LIMITED (00137114) - Active
VALE EUROPE PENSION TRUSTEES LIMITED (00377786) - Active
VALE INCO EUROPE HOLDINGS (03900911) - Active
NET ZERO INDUSTRY WALES LIMITED (14517822) - Active
VALE BASE METALS LIMITED (14673667) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2017-05-142016-05-142015-05-142014-05-142013-05-14
VALE INCO EUROPE HOLDINGSORDINARY71,000,000
100%
31,000,000
100%
9,000,000
100%
9,000,000
100%
9,000,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

VALE EUROPE LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2018-11-09 Vale Europe Ltd v Revenue & Customs [2018] UKFTT 662 (TC) VAT - INPUT TAX : Other
2014-11-13 Vale Europe Ltd v Revenue & Customs [2014] UKFTT 1042 (TC)

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 24450 Other non-ferrous metal production)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
TIMET UK LIMITED P.O.BOX 704, WITTON, BIRMINGHAM, B6 7UR 00530589 2017-12-31 258,283,000 33,685,000
H. J. ENTHOVEN LIMITED DARLEY DALE SMELTER, SOUTH DARLEY, MATLOCK, DERBYSHIRE, DE4 2LP 02821551 2017-12-31 157,717,000 14,569,000
ROSS & CATHERALL LIMITED 1 PARK ROW, LEEDS, ENGLAND, LS1 5AB 04110786 2017-12-31 91,387,000 11,151,000
WALL COLMONOY LIMITED ALLOY INDUSTRIAL, ESTATE, PONTARDAWE, SWANSEA, SA8 4HL 00788765 2017-12-31 26,759,000 0
WEARTECH INTERNATIONAL LIMITED KROLL ADVISORY LTD THE SHARD 32, LONDON BRIDGE STREET, LONDON, SE1 9SG 04118871 2017-12-31 12,019,985 0
MIKOZ (EUROPE) LIMITED 6 EMILY COURT, WATERFRONT, SWANSEA, SA1 8RA 04906753 2018-03-31 0 0 38110-Collection of non-hazardous waste

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
VALE EUROPE LIMITED 0.7% 3.6% 7.1% 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 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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