SPICERS LIMITED

12 WELLINGTON PLACE, LEEDS, LS1 4AP

Company Number: 00425809
Incorporation date: 16-Dec-1946
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
46650 Wholesale of office furniture
46660 Wholesale of other office machinery and equipment

SUMMARY

This company is 77.9 years old and is currently liquidation. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 31.1 million which has increased from GBP 0 in the previous year. The latest reported revenue figure is GBP 164.8 million which is up 10% on previous year's figure of GBP 150.5 million. Retained earnings is negative (GBP -20.3 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 4 active officers (directors or partners) who are or were officers of 69 other companies, 36 (52.2%) 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 2 court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 31-Dec-2020
Accounts Filed: FULL (31-Dec-2018)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2018	GBP	164,782,000	-6,199,000	2,000	1,039,000	1,018,000	-6,218,000
31-Dec-2017	GBP	150,503,000	-670,000	9,000	1,095,000	-73,000	-1,829,000
31-Dec-2016	GBP	153,657,000	-1,787,000		2,101,000	163,000	-3,725,000
31-Dec-2015	GBP	164,024,000	-3,220,000	668,000	741,000	828,000
31-Dec-2014	GBP	54,042,000	-3,363,000	79,000	206,000
31-Aug-2014	GBP	248,071,000	-39,754,000	273,000	988,000	-36,214,000	-36,230,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2018	GBP	607,000	86,204,000	40,378,000	24,726,000	10,005,000	41,360,000	-20,256,000	31,109,000
31-Dec-2017	GBP	1,062,000	84,047,000	31,241,000	26,262,000	10,005,000	41,360,000	-14,038,000
31-Dec-2016	GBP	2,139,000	88,863,000	33,345,000	27,067,000	10,005,000	41,360,000	-12,209,000	39,156,000
31-Dec-2015	GBP	2,021,000	97,684,000	64,598,000		10,005,000	41,360,000	-8,484,000	42,881,000
31-Dec-2014	GBP	4,367,000	102,039,000	66,376,000		10,005,000	41,360,000	-5,856,000	45,546,000
31-Aug-2014	GBP	2,188,000	105,325,000	65,142,000		10,005,000	41,360,000	-2,470,000	48,895,000

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)
Active	Philippa Anne MAYNARD	27 Apr 2015	15 Oct 2024			1 - 0
Resigned	Richard Meirion WARWICK-SAUNDERS	12 Dec 2012	20 Sep 2017			0 - 1
Resigned	Sarah Elizabeth JONES	29 Dec 2011	12 Dec 2012		British	0 - 1
Resigned	Anne STEELE	09 Jul 2001	29 Dec 2011		British	7 - 186
Resigned	Carolyn Tracy CATTERMOLE	30 Nov 2000	09 Jul 2001	Company Secretary	British	1 - 262
Resigned	Mark SHAW	28 Apr 1995	02 Oct 1995		British	0 - 1
Resigned	Alan John RICHARDSON	23 Jul 1993	30 Nov 2000	Secretary	British	0 - 68
Resigned	Howard Mills JOHNSTONE		23 Jul 1993		British	0 - 35

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Richard John OATES	22 Oct 2019		Commercial Director	British	7 - 17	21 (87.5%)
Active	Stephen James HORNE	04 Mar 2019		Chief Executive	British	25 - 40	36 (55.4%)
Resigned	Stephen Thomas BROWN	27 Jan 2016	19 Apr 2018	Director	British	0 - 2	1 (50.0%)
Active	Richard Ashley JONES	27 Apr 2015		Director	British	3 - 1	3 (75.0%)
Active	Edwin Richard FORD	27 Apr 2015		Director	British	3 - 2	2 (40.0%)
Resigned	Jeffrey Michael WHITEWAY	16 Sep 2014	18 Jan 2019	Director	British	0 - 46	40 (87.0%)
Resigned	Andrew Graham MOBBS	16 Sep 2014	17 Jan 2020	Director	British	0 - 25	23 (92.0%)
Resigned	Gregory John MICHAEL	24 Jul 2014	27 Apr 2015	Director	British	0 - 2	2 (100.0%)
Resigned	Andrew Merrick SKINNER	24 Jul 2014	27 Oct 2015	Director	British	0 - 14	7 (50.0%)
Resigned	Nicholas Ian Burgess SANDERS	29 May 2014	15 Dec 2014	Director	British	11 - 89	47 (47.0%)
Resigned	Robert Alexander ASPLIN	22 Jan 2014	17 Jun 2014	Director	British	2 - 64	52 (78.8%)
Resigned	Benjamin James NEWTON	19 Nov 2013	22 Jan 2014	Director	British	0 - 17	11 (64.7%)
Resigned	Alan BALL	29 Dec 2011	29 May 2014	Ceo	British	0 - 9	6 (66.7%)
Resigned	Peter John WILLIAMSON	29 Dec 2011	23 May 2014	Director	British	5 - 33	27 (71.1%)
Resigned	Raymond Charles PECK	29 Dec 2011	16 Sep 2014	Company Director	British	2 - 14	11 (68.8%)
Resigned	Sarah Elizabeth JONES	29 Dec 2011	15 Jul 2014	Financial Director	British	2 - 24	5 (19.2%)
Resigned	Gerardus Petrus Antonius DAMMAN	03 May 2011	29 Dec 2011	Company Director	Dutch	0 - 1	1 (100.0%)
Resigned	Miles William ROBERTS	04 May 2010	29 Dec 2011	Company Director	British	6 - 114	33 (27.5%)
Resigned	George Mills Bramston ADAMS	17 Jun 2009	15 Oct 2010	Company Director	British	0 - 8	1 (12.5%)
Resigned	Ian Fraser MACKIE	11 Dec 2008	29 Dec 2011	Chartered Accountant	British	1 - 77	2 (2.6%)
Resigned	Stephen William DRYDEN	01 Apr 2008	29 Dec 2011	Company Director	British	8 - 127	54 (40.0%)
Resigned	Robert Curtis Henry VALE	13 Feb 2006	23 Mar 2009	Divisional Chief Executive	British	0 - 4	2 (50.0%)
Resigned	Thomas Oliver Karl APELRATH	05 Apr 2004	29 Dec 2011	Company Executive	German	0 - 1	1 (100.0%)
Resigned	Gavin Mathew MORRIS	01 Jan 2003	01 Apr 2008	Company Executive	British	1 - 110	47 (42.3%)
Resigned	Carolyn Tracy CATTERMOLE	04 Apr 2002	28 Jun 2011	Company Executive	British	1 - 262	73 (27.8%)
Resigned	Robert Rolph BALDREY	10 Sep 2001	11 Dec 2008	European Finance & It Director	British	0 - 58	36 (62.1%)
Resigned	Anthony David THORNE	01 Jan 2001	04 May 2010	Company Executive	British	1 - 117	52 (44.1%)
Resigned	Stefan FREIS	13 Oct 2000	18 Feb 2002	Managing Director	German	0 - 1	1 (100.0%)
Resigned	Graeme Dennis LOUDAIN	13 Oct 2000	16 Jan 2002	Managing Director	British	0 - 2	1 (50.0%)
Resigned	Richard Arthur EVANS	21 Apr 1998	08 Aug 2001	Managing Director	British	0 - 4	3 (75.0%)
Resigned	Peter Gunter LUDTKE	07 Nov 1997	19 Apr 2000	Businessman Director	German	0 - 1	1 (100.0%)
Resigned	Michael John DELLAR	02 May 1997	21 Oct 1998	Company Executive	British	0 - 6	3 (50.0%)
Resigned	Gordon LAMB	17 Aug 1996	31 Oct 2001	Director	British	0 - 8	4 (50.0%)
Resigned	David Frank BUTTFIELD	14 Jul 1995	01 Jan 2003	Accountant	British	0 - 71	28 (39.4%)
Resigned	Eric Marcel Emile SCHMITT	01 Jan 1994	10 May 2004	Managing Director	French	0 - 1	1 (100.0%)
Resigned	John Peter WILLIAMS	23 Jul 1993	01 Jan 2002	Director	British	0 - 83	35 (42.2%)
Resigned	John Stuart RUSSELL	23 Jul 1993	31 Dec 2000	Company Secretary	British	0 - 144	50 (34.7%)
Resigned	William Ritchie ARMSTRONG	11 Sep 1992	13 Feb 2006	Director	British	0 - 5	4 (80.0%)
Resigned	Terry Ernest COULSON		10 Mar 1993	Company Executive	British	0 - 6	3 (50.0%)
Resigned	Eric Cecil SMITH		16 Oct 2001	Company Director	British	0 - 16	7 (43.8%)
Resigned	Sverker Knut Tore MARTIN-LOF		23 Jul 1993	Executive Officer	Swedish	0 - 4	3 (75.0%)
Resigned	Gordon LAMB		31 Oct 2001	Director	British	0 - 8	4 (50.0%)
Resigned	Michael John DELLAR		21 Oct 1998	Company Executive	British	0 - 6	3 (50.0%)
Resigned	William Ritchie ARMSTRONG		13 Feb 2006	Director	British	0 - 5	4 (80.0%)
Resigned	Ake Carl Lennart RIETZ		23 Jul 1993	Company Director	Swedish	0 - 24	19 (79.2%)
Resigned	Jan Sture ENANDER		23 Jul 1993	Company Director	Swedish	0 - 1	1 (100.0%)
Resigned	Sven Anders Michael BERTORP		23 Jul 1993	Company Executive	Swedish	0 - 23	18 (78.3%)

Number of active directors: 4
Average tenure of active directors: 7.4 years
Average tenure of resigned directors: 3.2 years
Average active director Dissolution Rate: 64.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Richard John OATES	Stephen James HORNE	Richard Ashley JONES	Edwin Richard FORD
OT OFFICE SUPPLIES LIMITED (00065882) - Liquidation	✔	✔
NEWELL BRANDS UK LIMITED (00104102) - Active				✔
SPICERS LIMITED (00425809) - Liquidation	✔	✔	✔	✔
LYRECO UK LIMITED (00442696) - Active				✔
OFFICE TEAM LOGISTICS LIMITED (00574598) - Liquidation	✔	✔
MOTORFAX LIMITED (01013880) - Dissolved		✔
LKQ COATINGS LIMITED (01019911) - Dissolved		✔
STAT-PLUS GROUP LIMITED (01071698) - Liquidation	✔	✔
ZENOFFICE LIMITED (01189115) - Active	✔	✔
VOW EUROPE LIMITED (01204488) - Active		✔
BEE BEE REFINISHING SUPPLIES (HALSTEAD) LIMITED (01210991) - Dissolved		✔
JCA COATINGS LTD (01508183) - Active - Proposal to Strike off		✔
AQUAFAX LIMITED (01666583) - Active		✔
GSF CAR PARTS LIMITED (01779084) - Active		✔
J.P. AUTOMOTIVE AND INDUSTRIAL SUPPLIES LIMITED (02271242) - Dissolved		✔
STAT-PLUS LIMITED (02595313) - Liquidation	✔	✔
C & M REGISTRARS LIMITED (02608595) - Liquidation	✔	✔
PREMIER PAINTS LIMITED (02620509) - Dissolved		✔
LKQ GROUP (UK) LIMITED (02680212) - Active		✔
OFFICE ZONE LIMITED (02848787) - Liquidation	✔	✔
DATA DEVELOPMENT SERVICES LIMITED (02942406) - Active		✔
OFFICETEAM TRUSTEES LIMITED (03021867) - Liquidation	✔	✔
OFFICETEAM 2 GROUP LIMITED (03185023) - Liquidation	✔	✔
A.S.A.P. SUPPLIES LIMITED (03203198) - Active		✔
SINEMASTER MOTOR FACTORS LIMITED (03404122) - Dissolved		✔
BANNER BUSINESS SERVICES LTD (03658750) - Active		✔
PADS PRINTING & COMMERCIAL STATIONERY LIMITED (03670811) - Liquidation	✔	✔
THE PARTS ALLIANCE LIMITED (03676827) - Active		✔
STAT COMPANY LIMITED (03869784) - Active	✔	✔
GERMAN SWEDISH & FRENCH CAR PARTS LIMITED (03896059) - Active		✔
OFFICE ZONE BUSINESS SOLUTIONS LTD (04128473) - Liquidation	✔	✔
IRIS COATINGS LIMITED (04172332) - Dissolved		✔
BURO BUSINESS SUPPLIES LTD (04314338) - Liquidation	✔	✔
WHITEGROVE GROUP LIMITED (04679550) - Liquidation	✔	✔
OFFICETEAM GROUP LIMITED (05063899) - Liquidation	✔	✔
OFFICETEAM LIMITED (05095978) - Liquidation	✔	✔
OT GROUP LIMITED (05607779) - Voluntary Arrangement		✔
MKS PRODUCTS LIMITED (05656156) - Dissolved		✔
TEWKESBURY LIMITED (05740177) - Liquidation	✔	✔
DIVERSE FINE FOOD LIMITED (06167767) - Active				✔
IRIS DISTRIBUTION LIMITED (06404184) - Dissolved		✔
OFFICETEAM SALES LIMITED (06659345) - Liquidation	✔	✔
SKU LOGISTICS LIMITED (07520037) - Active			✔
BECAP SPICERS (UK) LIMITED (07596413) - Liquidation	✔	✔
VENTURE CONNECT LIMITED (07867580) - Liquidation		✔
PA TOPCO LIMITED (08137580) - Active		✔
PA GROUP HOLDINGS LIMITED (08137984) - Active		✔
CES BIDCO LIMITED (08139000) - Active		✔
SCMF BIDCO LIMITED (08196646) - Active		✔
ALLPARTS BIDCO LIMITED (08209034) - Active		✔
GMF BIDCO LIMITED (08326936) - Active		✔
PROJECT OLIVER TOPCO LIMITED (08544107) - Liquidation	✔	✔
PROJECT OLIVER HOLDCO LIMITED (08544394) - Liquidation	✔	✔
AVC TYRE RECYCLING LIMITED (08762361) - Active - Proposal to Strike off		✔
S & A PROPERTY DEVELOPERS LIMITED (08779856) - Active		✔
DDS MIDCO LIMITED (08809137) - Active		✔
THE SPICERS-OFFICETEAM GROUP LIMITED (09072808) - Liquidation		✔	✔	✔
OATES ROBINSON LIMITED (09643928) - Active	✔
BLUE MOOSE HOLDINGS LTD (09896771) - Active		✔
ANDREW PAGE 1917 LIMITED (10403406) - Active		✔
121222 HOLDCO LIMITED (10787992) - Active		✔
121333 LIMITED (10788118) - Active		✔
AUTO SPARES AND PARTS LIMITED (11360468) - Liquidation		✔
S&A PARTNERS LTD (12610691) - Active		✔
SJH 6Y LIMITED (12612286) - Active		✔
RA SUPPLY CHAIN SOLUTIONS LTD (12661498) - Dissolved			✔
ABBA HOLDCO LIMITED (15116570) - Active		✔
LOISEAU BIDCO LIMITED (15116827) - Active		✔
KARKRAFT (N.I.) LIMITED (NI018011) - Active		✔
LYNCH MCQUEEN LIMITED (SC148590) - Liquidation	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2015-09-17	2014-09-17	2013-09-17	2012-09-17	2011-09-17
BECAP SPICERS (UK) LTD	ORDINARY	10,005,400 100%	10,005,400 100%	10,005,400 100%	10,005,400 100%	0 0%
DS SMITH HOLDINGS LIMITED	ORDINARY	0 0%	0 0%	0 0%	0 0%	10,005,400 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- >75%:Mr Jonathan Paul Moulton - ceased
- >75%:The Spicers-Officeteam Group Limited (9072808 - United Kingdom) active
>75%:Becap Spicers (Uk) Limited (07596413 - United Kingdom) active
>75%:Mr Jonathan Paul Moulton - ceased

Controlling entities above

SPICERS LIMITED

no controlled companies

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
2019-07-01	2019-12-31	64	53%	22%	25103
2019-01-01	2019-06-30	68	58%	25%	19426
2018-07-01	2018-12-31	67	59%	16%	10085
2018-01-01	2018-06-30	67	62%	18%	3330

COURT CASES

Date	Title	Reference	Subject
2015-01-15	Savoye And Savoye Ltd v Spicers Ltd	[2015] EWHC 33 (TCC)
2014-12-15	Savoye And Savoye Ltd v Spicers Ltd	[2014] EWHC 4195 (TCC)

PATENTS

Title	Date filed	Status	Publication number
A Re-usable Envelope with Lines of Weakness	1998-02-24	Terminated	GB2322355
Envelopes	1989-11-02	Terminated	GB2237554
Improved envelope	1986-10-10	Ceased	GB2195979
Container	1986-09-16	Ceased	GB2194935

COMPETITORS

(Based on Sic code: 46650 Wholesale of office furniture)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
SPICERS LIMITED	12 WELLINGTON PLACE, LEEDS, LS1 4AP	00425809	2017-12-31	150,503,000	-1,829,000	46660-Wholesale of other office machinery and equipment
COMPLETE BUSINESS SOLUTIONS GROUP LIMITED	1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR	03045607	2017-12-28	73,689,505	0	46660-Wholesale of other office machinery and equipment
BOF GROUP LIMITED	TOWER HOUSE TOWER CLOSE, BRIDGEND INDUSTRIAL TRADING EST., BRIDGEND, MID GLAMORGAN, CF31 3TH	03108386	2017-12-31	13,844,791	0
EGAN,REID STATIONERY CO.LIMITED	HORSFIELD WAY, BREDBURY INDUSTRIAL PARK, STOCKPORT, CHESHIRE, SK6 2SU	00593651	2018-03-31	13,054,285	0	46660-Wholesale of other office machinery and equipment 46900-Non-specialised wholesale trade
FLOKK LIMITED	10 JOHN STREET, LONDON, WC1N 2EB	07867567	2017-12-31	9,012,939	0	99999-Dormant Company
PLANSCAPE BUSINESS INTERIORS LIMITED	SUMMIT HOUSE 170 FINCHLEY ROAD, LONDON, NW3 6BP	03470497	2016-11-30	1,033,689	0
JOHN PULSFORD ASSOCIATES (1974) LIMITED	UNIT 4 SPHERE INDUSTRIAL ESTATE, CAMPFIELD ROAD, ST ALBANS, HERTFORDSHIRE, AL1 5HT	09176740	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Liquidation. Statistically, such companies have a VERY HIGH 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
Company status	100.0%	99.4%	99.9%	High
Other companies Active in the same sector	Too few competitors


Age	0.4%	1.4%	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	0.8%	3.8%	7.5%	Medium