TI GROUP AUTOMOTIVE SYSTEMS (UK) LIMITED

4650 KINGSGATE CASCADE WAY, OXFORD BUSINESS PARK SOUTH, OXFORD, OXFORDSHIRE, OX4 2SU

Company Number: 00784687
Incorporation date: 16-Dec-1963
Status: Active
Entity type: Private Limited Company

SIC codes:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

SUMMARY

This company is 60.4 years old and is currently active. It is controlled by multiple entities. The latest reported revenue figure is EUR 35.3 million which is down -20% on the previous year. The company has 2 active officers (directors or partners) who are or were officers of 20 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: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Tax	Net Profit GBP
30-Jun-2019	EUR	35,344,000	-11,413,000
10-Aug-2018	EUR	43,638,000	3,520,000		9,000	5,596,000
27-Sep-2017	EUR	41,898,000	5,277,000		119,000	6,553,000
31-Dec-2015	EUR	41,809,000	5,277,000			6,553,000
31-Dec-2014	EUR		30,932,000		22,000	39,619,000
31-Dec-2013	EUR		3,605,000			-4,491,000
31-Dec-2012	EUR	34,615,000
31-Oct-2012	EUR
31-Dec-2010	GBP	25,895,000	2,818,000	218,000	158,000	2,873,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Retained Earnings	Net Assets
30-Jun-2019	EUR	62,000		4,173,000
10-Aug-2018	EUR	29,000			1,953,000	270,386,000
27-Sep-2017	EUR
31-Dec-2015	EUR	9,000		8,479,000	195,325,000	891,000
31-Dec-2014	EUR	14,000		7,513,000	195,325,000	44,996,000	240,321,000
31-Dec-2013	EUR	22,748,000			195,325,000	5,377,000	200,702,000
31-Dec-2012	EUR	8,000	20,317,000		195,325,000	10,775,000
31-Oct-2012	EUR		16,383,000,000	6,458,000,000	2,321,000,000		9,087,000,000
31-Dec-2010	GBP	7,000	10,514,000	4,109,000	1,926,000	2,415,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
30-Jun-2019	EUR	inf%	-1,953,000	1,953,000	0	931,000
10-Aug-2018	EUR	100.00%	1,953,000	0	1,953,000	962,000
27-Sep-2017	EUR	inf%	-195,325,000	195,325,000	0	97,658,000
31-Dec-2012	EUR	-1,088.28%	-2,125,675,000	2,321,000,000	195,325,000	1,258,158,500
31-Oct-2012	EUR	99.92%	2,319,074,000	1,926,000	2,321,000,000	1,161,459,500

* 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	All apointments (active/resigned)
Active	David Joseph LUDLOW	29 Jun 2001	16 Apr 2024	15 - 19
Resigned	Roger John PEARSON	10 Feb 1993	02 Jul 2001	0 - 7
Resigned	Kenneth HOLLOWAY		10 Feb 1993	0 - 2

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned	Philip Michael HARRISON	31 May 2022	03 Feb 2023	Group Tax Director	British	0 - 21	1 (4.8%)
Active	Chen Vui WONG	31 May 2022		Group Controller & Vice President Risk	Malaysian	18 - 2	0 (0.0%)
Active	Simon Paul HOWELL	15 Nov 2019		Chief Accounting Officer Uk	British	19 - 1	0 (0.0%)
Resigned	Robert Michael ALLEN	06 Dec 2018	31 May 2022	Accountant	British	0 - 76	6 (7.9%)
Resigned	Matthew Keats PAROLY	31 Jan 2018	15 Nov 2019	Chief Legal Officer	American	0 - 18	0 (0.0%)
Resigned	David MURRELL	18 Jul 2014	31 Jan 2018	Executive Managing Director Europe	British	0 - 23	6 (26.1%)
Resigned	David Edward Philip SMITH	07 Nov 2011	23 Nov 2017	General Manager	British	0 - 4	1 (25.0%)
Resigned	Timothy Michael GUERRIERO	30 Nov 2007	18 Jul 2014	General Counsel	American	0 - 24	5 (20.8%)
Resigned	Christopher Joseph KINSELLA	31 Jan 2007	30 Nov 2007	Accountant	British	0 - 22	6 (27.3%)
Resigned	Timothy David Warneford EDWARDS	02 May 2005	06 Dec 2018	Accountant	British	0 - 26	7 (26.9%)
Resigned	David Joseph LUDLOW	29 Jun 2001	18 Sep 2001	Solicitor	British	15 - 19	10 (29.4%)
Resigned	Simon Francis THOMAS	29 Jun 2001	31 Jan 2007	Director	British	0 - 14	2 (14.3%)
Resigned	Luc Modest VAN DAMME	29 Jun 2001	10 Jun 2003	Director	Belgian	0 - 1	0 (0.0%)
Resigned	Roger Anthony FELLOWS	29 Jun 2001	02 May 2005	General Manager	British	0 - 4	0 (0.0%)
Resigned	Guy Mervyn NORRIS	01 Feb 1999	02 Jul 2001	Lawyer	British	3 - 109	28 (25.0%)
Resigned	Graham Jeffrey BROOME	01 Oct 1993	17 Dec 1996	Managing Director	British	0 - 1	0 (0.0%)
Resigned	Kenneth Nelson TEMPLETON	01 Sep 1993	02 Jul 2001	Finance Director	British	7 - 19	8 (30.8%)
Resigned	John William POTTER	01 Sep 1993	31 Dec 1998	Chief Executive	British	0 - 4	0 (0.0%)
Resigned	Roger John PEARSON	10 Feb 1993	29 Jun 2001	Chartered Accountant	British	0 - 7	3 (42.9%)
Resigned	Anthony Frank TAYLOR	15 Aug 1992	30 Jun 1993	Quality Director	British	0 - 1	0 (0.0%)
Resigned	Roger Anthony FELLOWS	01 Jul 1992	30 Jun 1993	Human Resource Director	British	0 - 4	0 (0.0%)
Resigned	Joseph Ellis SPENDIFF		30 Jun 1993	Works Director	British	0 - 1	0 (0.0%)
Resigned	William SELLEY		01 Oct 1993	Director/General Manager	British	0 - 1	0 (0.0%)
Resigned	David Charles HARVEY		30 Jun 1993	Engineering & Development Director	British	0 - 1	0 (0.0%)
Resigned	Kenneth HOLLOWAY		10 Feb 1993	Financial Director/Company Secretary	British	0 - 2	0 (0.0%)
Resigned	Sidney TAYLOR		30 Jun 1993	Chairman	British	0 - 14	5 (35.7%)
Resigned	Roy Wilson BENNETT		30 Jun 1993	Sales And Marketing Director	British	0 - 1	0 (0.0%)

Number of active directors: 2
Average tenure of active directors: 3.2 years
Average tenure of resigned directors: 3.1 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Chen Vui WONG	Simon Paul HOWELL
TI GROUP AUTOMOTIVE SYSTEMS LIMITED (00581742) - Active	✔	✔
TI GROUP AUTOMOTIVE SYSTEMS (UK) LIMITED (00784687) - Active	✔	✔
TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED (03061637) - Active	✔	✔
TI AUTOMOTIVE (CHINA) LIMITED (04081361) - Active	✔	✔
TI AUTOMOTIVE LIMITED (04097913) - Active	✔	✔
TI AUTOMOTIVE HOLDINGS LIMITED (04174232) - Active	✔	✔
TI AUTOMOTIVE NOMINEES LIMITED (04234035) - Active	✔	✔
TI AUTOMOTIVE FINANCE PLC (04461266) - Active		✔
TI AUTOMOTIVE USA HOLDINGS LIMITED (05265459) - Active	✔	✔
TI AUTOMOTIVE EURO HOLDINGS LIMITED (05265489) - Active	✔	✔
TI AUTOMOTIVE CANADA HOLDINGS LIMITED (05546464) - Active	✔	✔
TI AUTOMOTIVE KOREAN WON HEDGECO II LIMITED (05633329) - Active	✔	✔
TI AUTOMOTIVE CZECH HOLDINGS (UK) LIMITED (06241709) - Active	✔	✔
TI AUTOMOTIVE GERMAN HOLDINGS (UK) LIMITED (06243326) - Active	✔	✔
HANIL TUBE HOLDINGS LIMITED (06258095) - Active	✔	✔
TIFS HOLDINGS LIMITED (07060030) - Active	✔	✔
MM NEWPORT LTD. (07271407) - Active	✔
OMEGA NEWCO SUB I LIMITED (09402268) - Active	✔	✔
OMEGA NEWCO SUB II LIMITED (09402316) - Active	✔	✔
OMEGA ACQUISITION BIDCO LIMITED (09402426) - Active	✔	✔
TI AUTOMOTIVE KOREAN WON HEDGECO LTD (09855008) - Active	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31
TI AUTOMOTIVE GERMAN HOLDINGS (UK) LTD	ORDINARY	158,457,601 100%	158,457,600 100%	0 0%	0 0%	0 0%
TI AUTOMOTIVE GERMAN HOLDINGS 2 (UK) LTD	ORDINARY	0 0%	0 0%	158,457,600 100%	158,457,600 100%	158,457,600 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - >75%:Bain Capital Fund Xi, L.P. (N/A - Cayman Islands) active
  - >75%:Bain Capital Investors, Llc (N/A - Usa) active
  - >75%:Bain Capital Partners Xi, L.P. (N/A - Cayman Islands) active
  - 50%-75%:Bc Omega Holdco Limited (549300f5bo5v2bsobd09 - Cayman Islands) active
  >75%:Ti Fluid Systems Plc (09402231 - United Kingdom) active
- >75%:Ti Group Automotive Systems Spain Holdings S.L. (B-31.387.335 - Spain) active
>75%:Ti Automotive German Holdings (Uk) Limited (06243326 - United Kingdom) active
- >75%:Bain Capital Fund Xi, L.P. (N/A - Cayman Islands) active
- >75%:Bain Capital Investors, Llc (N/A - Usa) active
- >75%:Bain Capital Partners Xi, L.P. (N/A - Cayman Islands) active
- 50%-75%:Bc Omega Holdco Limited (549300f5bo5v2bsobd09 - Cayman Islands) active
>75%:Ti Fluid Systems Plc (09402231 - United Kingdom) active

Controlling entities above

TI GROUP AUTOMOTIVE SYSTEMS (UK) 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
2018-01-01	2018-06-30	49	20%	28%	4102
2018-06-01	2018-06-30	49	20%	82%	4114
2018-01-01	2018-06-30	50	22%	27%	4139

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP
HOWCO GROUP PLC	FOUNTAIN HOUSE 2ND FLOOR, 1-3 WOODSIDE CRESCENT, GLASGOW, G3 7UL	SC079844	2018-03-31	105,646,000	-2,056,000
VALLOUREC OIL & GAS UK LTD.	CLYDESDALE WORKS, CLYDESDALE ROAD, BELLSHILL, LANARKSHIRE, ML4 2RR	SC147386	2017-12-31	79,163,000	-4,963,000
TI GROUP AUTOMOTIVE SYSTEMS (UK) LIMITED	4650 KINGSGATE CASCADE WAY, OXFORD BUSINESS PARK SOUTH, OXFORD, OXFORDSHIRE, OX4 2SU	00784687	2018-12-31	35,344,000	41,785,000
FINE TUBES LIMITED	2 NEW STAR ROAD, LEICESTER, LEICESTERSHIRE, UNITED KINGDOM, LE4 9JD	00381159	2017-12-31	40,899,000	1,509,000
A C STEELS LTD	INTERNATIONAL HOUSE, FRYERS ROAD, BLOXWICH, WALSALL, WS2 7LY	06759649	2017-12-31	20,388,316	0
GAME HOLDINGS LIMITED	CAMP ROAD, WITHAM ST. HUGHS, LINCOLN, LINCOLNSHIRE, LN6 9TW	02102980	2018-03-31	6,136,039	0
MR GATES FABRICATION SPECIALISTS LIMITED	BUILDING 18, GATEWAY 1000 WHITTLE WAY, ARLINGTON BUSINESS PARK, STEVENAGE, HERTFORDSHIRE, ENGLAND, SG1 2FP	06883838	2018-04-30	2,549,602	0
BARON SPRINGS LTD	70 STRATHCLYDE STREET, GLASGOW, G40 4JR	SC265454	2018-04-30	86,105	0
AMT WELDING LIMITED	32 RIDGEWAY, PETERBOROUGH, ENGLAND, PE2 8HQ	08995207	2019-03-31	55,293	0
C BRADLEY FABRICATIONS LIMITED	23 WORDSWORTH ROAD, BEDWORTH, ENGLAND, CV12 9HB	06198879	2019-04-30	4,278	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
TI GROUP AUTOMOTIVE SYSTEMS (UK) 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	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium