THE METAL RING COMPANY LIMITED

THE METAL RING COMPANY LIMITED, BORWICK RAILS, MILLOM, LA18 4JT

Previous name: DRUM CLOSURES LIMITED (changed on 06-Jan-2015)

Company Number: 00500963
Incorporation date: 03-Nov-1951
Status: Active
Entity type: Private Limited Company

SIC codes:
24320 Cold rolling of narrow strip
24330 Cold forming or folding
25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
25920 Manufacture of light metal packaging

SUMMARY

This company is 72.5 years old and is currently active. It is controlled by Drum Closures Limited. No P&L financials are available but there is Balance Sheet data. The company has positive equity (net assets) of GBP 980.3 thousand which has increased from GBP 899.4 thousand in the previous year. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP 80.8 thousand in the last reported period. The company has 1 active officers (directors or partners) who are or were officers of 3 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: 30-Sep-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP

No P&L data available

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2023	GBP	193,631	1,069,956	341,963		50,050	930,201	980,251
31-Dec-2022	GBP	107,947	1,039,115	345,171		50,050	849,366	899,416
31-Dec-2021	GBP	122,947	943,277	329,960		50,050	755,848	805,898
31-Dec-2020	GBP	284,568	960,435	337,988	45,833	50,050	665,295	715,345
31-Dec-2019	GBP	173,656	804,167	256,411		50,050	643,444	693,494
31-Dec-2018	GBP	142,836	779,195	264,473		50,050	621,437	671,487
31-Dec-2017	GBP	181,893	801,768	260,084		50,050	638,546	688,596

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	Sarah Louise LUPTON	24 Jun 2001	18 Apr 2024	Financial Director	British	5 - 1
Resigned	Roger Leonard BURDETT	14 Jun 2000	27 Jun 2001			1 - 53
Resigned	HSE SECRETARIES LIMITED	27 Mar 1997	14 Jun 2000			1 - 668
Resigned	Vivien Joan HALE	27 Mar 1997	27 Jun 2001			0 - 46
Resigned	Peter Richard NEAL	09 Aug 1996	27 Mar 1997			0 - 16
Resigned	Roy SWINGLEHURST		09 Aug 1996			0 - 4

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned	Roger Leonard BURDETT	24 Jun 2001	12 Feb 2003	Director	British	1 - 53	18 (33.3%)
Active	Timothy Fergus CLARK	25 Aug 2000		Technical Director	British	3 - 0	0 (0.0%)
Resigned	Roy SWINGLEHURST	25 Aug 2000	30 Sep 2005	Managing Director	British	0 - 4	0 (0.0%)
Resigned	Richard Andrew JONES	25 Aug 2000	31 Oct 2014	Works Director-Drum Closures Ltd	British	0 - 3	0 (0.0%)
Active	Sarah Louise LUPTON	25 Aug 2000		Financial Director	British	5 - 1	0 (0.0%)
Resigned	Roger Leonard BURDETT	16 Jun 1997	23 Jun 2001	Chief Executive	British	1 - 53	18 (33.3%)
Resigned	Vivien Joan HALE	27 Mar 1997	27 Jun 2001	Accountant	British	0 - 46	15 (32.6%)
Resigned	Henry Nigel Pakenham MCCORKELL	09 Aug 1996	12 Feb 2003	Chief Executive/Director	English	0 - 29	9 (31.0%)
Resigned	Marek Stefan GUMIENNY	09 Aug 1996	28 Aug 1997	Investment Manager	British	0 - 48	13 (27.1%)
Resigned	Richard Andrew JONES		07 Aug 1996	Works Director-Drum Closures Ltd	British	0 - 3	0 (0.0%)
Resigned	William Alan ELMS		09 Aug 1996	Managing Director-Get Packaging Machinery Ltd	British	0 - 5	3 (60.0%)
Resigned	Robert James DUTNALL		09 Aug 1996	Financial Director - Gei Packaging Machinery Ltd	British	1 - 21	6 (27.3%)
Resigned	Roy SWINGLEHURST		07 Aug 1996	Tell us what you think of this service	British	0 - 4	0 (0.0%)

Number of active directors: 2
Average tenure of active directors: 23.7 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Timothy Fergus CLARK	Sarah Louise LUPTON
THE METAL RING COMPANY LIMITED (00500963) - Active	✔	✔
DRUM CLOSURES LIMITED (04357186) - Active	✔	✔
MILLOM STEPPING STONES (05865642) - Active		✔
THE METAL RING GROUP EBT TRUSTEE LIMITED (09456125) - Active	✔	✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

>75%:Drum Closures Limited (4357186 - United Kingdom) active

Controlling entities above

THE METAL RING COMPANY 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: 24320 Cold rolling of narrow strip)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
VOESTALPINE METSEC PLC	BROADWELL ROAD, OLDBURY, WEST MIDLANDS, B69 4HF	01551970	2018-03-31	100,053,000	13,909,000	24330-Cold forming or folding
STEEL SECTIONS (WARLEY) LIMITED	STEEL SECTIONS (WARLEY) LTD HOWARD STREET, HILL TOP, WEST BROMWICH, ENGLAND, B70 0ST	01301924	2017-09-30	12,417,865	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
THE METAL RING COMPANY LIMITED	0.7%	3.6%	7.1%	Medium
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	0.5%	2.1%	4.2%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	1.0%	5.6%	10.9%	Medium