POWER TORQUE ENGINEERING LIMITED

27 HERALD WAY, BINLEY INDUSTRIAL ESTATE, COVENTRY, WEST MIDLANDS, CV3 2RQ

Company Number: 00217422
Incorporation date: 10-Nov-1926
Status: Active
Entity type: Private Limited Company

SIC codes:
28110 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

SUMMARY

This company is 97.5 years old and is currently active. The company has positive equity (net assets) of GBP 6.5 million which has increased from GBP 5.7 million in the previous year. The latest reported revenue figure is GBP 15.8 million which is up 10% on previous year's figure of GBP 14.1 million. The company has 7 active officers (directors or partners) who are or were officers of 31 other companies, 9 (29.0%) 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: 31-Jan-2025
Accounts Filed: FULL (30-Apr-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
30-Apr-2019	GBP	15,750,989	830,186	9,353		24,718	814,821
30-Apr-2018	GBP	14,060,514	341,363	8,064		125,651	223,776
30-Apr-2017	GBP	11,659,474	330,595	14,650	3,839	21,753	296,453

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Premium Reserve	Retained Earnings	Net Assets
30-Apr-2019	GBP	3,143,395	8,447,995	2,669,629	83,333	16,667	6,369,367	6,469,367
30-Apr-2018	GBP	1,591,837	6,413,046	1,506,786	83,333	16,667	5,567,046	5,667,046
30-Apr-2017	GBP	3,201,500	7,258,824		83,333	16,667	5,595,663	5,695,663

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	John Robert PLUMB	06 Jan 1997	31 Dec 2011		British	1 - 17
Resigned	Paul, Mr. VARNEY		06 Jan 1997		British	9 - 19

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Max VARNEY	19 Aug 2019		Research Assistant	British	1 - 0	0 (0.0%)
Active	Henry VARNEY	19 Aug 2019		Chief Executive Officer	British	5 - 13	6 (33.3%)
Active	Neil HAYCOCK	23 Feb 2012		Director	British	1 - 1	1 (50.0%)
Resigned	John Robert PLUMB	01 Feb 2007	31 Dec 2011	Chartered Accountant	British	1 - 17	2 (11.1%)
Active	Jonathon TOWNLEY	01 Feb 2007		Sales Director	British	1 - 3	0 (0.0%)
Active	Paul, Mr. VARNEY	06 Jan 1997		Chartered Accountant	British	9 - 19	9 (32.1%)
Active	Andrew VARNEY	01 Dec 1993		Engineer	British	7 - 1	1 (12.5%)
Active	David VARNEY			Accountant	British	1 - 7	1 (12.5%)
Resigned	Paul, Mr. VARNEY		06 Jan 1997	Chartered Accountant	British	9 - 19	9 (32.1%)
Resigned	John VARNEY		24 Apr 2017	Company Director	British	0 - 3	1 (33.3%)
Resigned	Mary VARNEY		09 Jan 2004	Company Director	British	0 - 3	1 (33.3%)
Resigned	Leslie VARNEY		26 Jul 2002	Company Director	British	0 - 3	1 (33.3%)

Number of active directors: 7
Average tenure of active directors: 13.8 years
Average tenure of resigned directors: 1.0 years
Average active director Dissolution Rate: 20.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Max VARNEY	Henry VARNEY	Neil HAYCOCK	Jonathon TOWNLEY	Paul, Mr. VARNEY	Andrew VARNEY	David VARNEY
POWER TORQUE ENGINEERING LIMITED (00217422) - Active	✔	✔	✔	✔	✔	✔	✔
RUGBY AUTOCAR COMPANY LIMITED (00958674) - Active					✔	✔	✔
R.C.N. FINANCE CO. LIMITED (01519581) - Dissolved		✔	✔		✔	✔	✔
WRAPID HOLDINGS LIMITED (02067210) - Active					✔
BAILEY COMPUTER SERVICES LIMITED (02083220) - Active		✔
NORTH YORKSHIRE MORTGAGES LIMITED (02238645) - Active		✔
SKIPTON PREMISES LIMITED (02381981) - Active - Proposal to Strike off		✔
DAFFERNS ACCOUNTANCY SERVICES LIMITED (02393121) - Dissolved					✔
SKIPTON MORTGAGE CORPORATION LIMITED (02490160) - Active		✔
SKIPTON MORTGAGES LIMITED (02491892) - Active		✔
SKIPTON PREMIER MORTGAGES LIMITED (02492005) - Active - Proposal to Strike off		✔
SKIPTON LIMITED (02579027) - Active - Proposal to Strike off		✔
SKIPTON GROUP LIMITED (02579279) - Active - Proposal to Strike off		✔
NEW DIRECTIONS (RUGBY) LIMITED (02647131) - Active							✔
JADE SOFTWARE CORPORATION UK LIMITED (02714059) - Active		✔
AMBER HOMELOANS LIMITED (02819645) - Active		✔
DAFFERNS SECRETARIAL LIMITED (03363524) - Dissolved					✔
MUTUAL ONE LIMITED (03497117) - Dissolved		✔
WRAPID MANUFACTURING LIMITED (03562515) - Active					✔
MERCIA FUND 1 GENERAL PARTNER LIMITED (03676974) - Active					✔
TEAMPRO SOLUTIONS LIMITED (03993317) - Dissolved					✔
WARWICK ADVERTISING LIMITED (04179561) - Dissolved					✔
THE OLD SAW MILL MANAGEMENT LIMITED (04517398) - Active		✔
MY POWER PRODUCTS LIMITED (04829690) - Active					✔	✔	✔
SKIPTON INVESTMENTS LIMITED (05238381) - Active		✔
JADE DIRECT UK LIMITED (05444252) - Active		✔
SKIPTON TRUSTEES LIMITED (06258324) - Active		✔
DRESSED TO A TEE LIMITED (06851229) - Active					✔
12 ESPLANADE WHITBY MANAGEMENT COMPANY LIMITED (06948846) - Active						✔
MERMAID MARINE ENGINES LIMITED (07158159) - Active				✔	✔	✔	✔
MERMAID MARINE LIMITED (07195114) - Active				✔	✔	✔	✔
MERMAID MARINE HOLDINGS LIMITED (07195345) - Active				✔	✔	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2015-12-03	2014-12-03	2013-12-03	2012-12-03	2011-12-03
PAUL VARNEY	ORDINARY B	18,152 21.8%	18,152 21.8%	18,152 21.8%	18,152 21.8%	18,152 21.8%
ANDREW VARNEY	ORDINARY A	11,367 13.6%	11,367 13.6%	11,367 13.6%	11,367 13.6%	11,367 13.6%
SAM VARNEY	ORDINARY B	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%
ANNA POTTS	ORDINARY B	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%
HENRY VARNEY	ORDINARY B	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%	9,641 11.6%
DAVID VARNEY	ORDINARY A	7,666 9.20%	7,666 9.20%	7,666 9.20%	7,666 9.20%	7,666 9.20%
JANET FOTHERINGHAM HAMIL VARNEY	ORDINARY A	5,000 6.00%	5,000 6.00%	5,000 6.00%	5,000 6.00%	5,000 6.00%
BEVERLEY VARNEY	ORDINARY A	4,300 5.16%	4,300 5.16%	4,300 5.16%	4,300 5.16%	4,300 5.16%
LISA VARNEY	ORDINARY A	4,000 4.80%	4,000 4.80%	4,000 4.80%	4,000 4.80%	4,000 4.80%
RONA MARGARET VARNEY	ORDINARY B	2,500 3.00%	2,500 3.00%	2,500 3.00%	2,500 3.00%	2,500 3.00%
PAMELA VARNEY	ORDINARY A	990 1.19%	990 1.19%	990 1.19%	990 1.19%	990 1.19%
PATSY HARRIET FULLER	ORDINARY B	425 0.510%	425 0.510%	425 0.510%	425 0.510%	425 0.510%
JOHN VARNEY	ORDINARY A	10 0.012%	10 0.012%	10 0.012%	10 0.012%	10 0.012%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

POWER TORQUE ENGINEERING LIMITED

no controlled companies

LATE PAYMENTS REPORT

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

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 28110 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
CUMMINS LTD.	3RD FLOOR 10 EASTBOURNE TERRACE, PADDINGTON, LONDON, ENGLAND, W2 6LG	00573951	2017-12-31	1,881,633,000	203,163,000
PERKINS ENGINES COMPANY LIMITED	EASTFIELD, FRANK PERKINS WAY, PETERBOROUGH, PE1 5FQ	02089227	2017-12-31	1,462,211,000	23,593,000
MHI VESTAS OFFSHORE WIND UK LTD	GROUND FLOOR 301 BRIDGEWATER PLACE, BIRCHWOOD PARK, WARRINGTON, CHESHIRE, UNITED KINGDOM, WA3 6XF	05798594	2018-03-31	719,434,000	3,000,000
SIEMENS INDUSTRIAL TURBOMACHINERY LIMITED	C A PARSONS WORKS, SHIELDS ROAD, NEWCASTLE UPON TYNE, ENGLAND, NE6 2YL	04729734	2018-09-30	294,836,000	18,700,000	70100-Activities of head offices
RWG (REPAIR & OVERHAULS) LIMITED	SIR IAN WOOD HOUSE HARENESS ROAD, ALTENS INDUSTRIAL ESTATE, ABERDEEN, SCOTLAND, AB12 3LE	SC120673	2017-12-31	159,105,000	16,858,000
JCB POWER SYSTEMS LIMITED	LAKESIDE WORKS, ROCESTER, UTTOXETER, STAFFORDSHIRE, ST14 5JP	04797821	2017-12-31	153,022,000	2,912,000
MHI VESTAS OFFSHORE WIND BLADES UK LTD	WEST MEDINA MILLS, STAG LANE, NEWPORT, ISLE OF WIGHT, PO30 5TR	09170456	2018-03-31	71,209,000	2,196,000	33190-Repair of other equipment
W B POWER SERVICES LIMITED	HEANOR GATE ROAD, HEANOR, DERBYSHIRE, ENGLAND, DE75 7RJ	02120023	2018-04-30	17,239,051	0	30200-Manufacture of railway locomotives and rolling stock
SIMON BEATSON RACING LIMITED	NIDD LODGE SHROPHAM ROAD, GREAT HOCKHAM, THETFORD, ENGLAND, IP24 1NL	10498458	2018-11-30	50,712	0
BELLTECH ENGINEERING LTD	6A PETERSFIELD ROAD, BOURNEMOUTH, DORSET, UNITED KINGDOM, BH7 6QF	04148641	2018-01-31	21,122	0	33190-Repair of other equipment 59200-Sound recording and music publishing activities 62020-Information technology consultancy activities

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
POWER TORQUE ENGINEERING LIMITED	1.0%	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	1.8%	3.8%	7.0%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium