ARJO WIGGINS FINE PAPERS LIMITED

2ND FLOOR, 110 CANNON STREET, LONDON, EC4N 6EU

Company Number: 00961440
Incorporation date: 04-Sep-1969
Status: In Administration
Entity type: Private Limited Company

SIC codes:
17120 Manufacture of paper and paperboard





SUMMARY

This company is 54.6 years old and is currently in administration. It is controlled by The Wiggins Teape Group Limited. The company has positive equity (net assets) of GBP 15.9 thousand which has decreased from the previous year's figure of GBP 86 thousand. The latest reported revenue figure is GBP 123.6 thousand which is similar to the previous year's figure of GBP 125.7 thousand. Retained earnings is negative (GBP -59.4 thousand), 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 1 active officers (directors or partners) who are or were officers of 16 other companies, 6 (37.5%) 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: 30-Sep-2019
Accounts Filed: FULL (31-Dec-2017)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2017 GBP 123,580 965 1,262 1,908 -70,086
31-Dec-2016 GBP 125,655 2,599 1,353 1,965 -37,653
31-Dec-2015 GBP 120,869 -8,137 625 2 -26 -7,575
31-Dec-2014 GBP 139,823 -3,534 726 27 -37 -2,872
31-Dec-2013 GBP -7,438 610 21 -2,464
31-Dec-2012 GBP 144,811 -1,411 648 11 -154 -878
31-Dec-2011 GBP 167,444 7,133 601 3 7,229


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2017 GBP 546 47,009 43,844 12,896 25,010 50,298 -59,412 15,896
31-Dec-2016 GBP 1,060 119,498 44,630 15,425 25,010 50,298 10,674 85,982
31-Dec-2015 GBP 1,144 168,569 48,694 17,738 22 50,298 53,327 128,635
31-Dec-2014 GBP 835 169,215 50,409 25,010 50,298 65,902 141,210
31-Dec-2013 GBP 381 188,399 58,226 25,010 50,298 714,774 150,082
31-Dec-2012 GBP 167,393 37,348 25,010 50,298 77,238 152,546
31-Dec-2011 GBP 499 163,792 35,466 25,010 50,298 78,116 153,424

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2016 GBP 99.91% 24,988 22 25,010 27,996
31-Dec-2015 GBP -113,581.82% -24,988 25,010 22 20,396
* 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)
Resigned EVERSECRETARY LIMITED 22 Jul 2005 17 Jan 2020 9 - 1443
Resigned BONDLAW SECRETARIES LIMITED 01 Jun 1999 22 Jul 2005 1 - 160
Resigned Arthur James BIRCHALL 30 Nov 1994 01 Jun 1999 0 - 77
Resigned Colin Booth FILMER 01 Jul 1993 30 Nov 1994 Company Secretary British 0 - 51
Resigned Colin Booth FILMER 30 Nov 1994 0 - 51

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned Angus Lachlan MACSWEEN 27 Jun 2016 26 Dec 2019 General Manager, Stoneywood Mill British 11 - 514 (87.5%)
Resigned Jean-Baptiste LAIGLE 22 Feb 2013 06 Oct 2017 Tax Group Director French 0 - 11 (100.0%)
Resigned Jonathan David MITCHELL 02 Jul 2012 26 Dec 2019 Managing Director Arjowiggins Creative Papers Sas British 1 - 74 (50.0%)
Active Alain Philippe Daniel GOURJON 15 Feb 2012 Group Accounts, Tax & Administrative Director French 1 - 177 (38.9%)
Resigned Aymeric Philippe Marie LE CHATELIER 10 Feb 2010 12 Apr 2013 Group Financial Controller French 0 - 105 (50.0%)
Resigned Edouard Charles Maxime MARUANI 10 Feb 2010 15 Feb 2012 General Counsel French 0 - 88 (100.0%)
Resigned Clive MOUNTFORD 10 Feb 2010 06 Jun 2016 Accountant British 3 - 1813 (61.9%)
Resigned Salma KRONFOL 01 Feb 2010 22 Feb 2013 Financial Controller Lebanese 0 - 52 (40.0%)
Resigned Guy Maurice Marie LEONARD 18 Jul 2009 02 Jul 2012 Managing Director French 0 - 51 (20.0%)
Resigned Andrew HARVEY 27 Feb 2009 02 Jul 2010 Deputy Group Hr Director British 0 - 94 (44.4%)
Resigned Stephane Paul Marie ROYER 27 Feb 2009 01 Feb 2010 Financial Controller - Visual Communication Branch French 0 - 42 (50.0%)
Resigned Herve Pierre PONCIN 08 Sep 2008 18 Jul 2009 Director French 0 - 41 (25.0%)
Resigned Pascal Marie-Christian BILLIERES 06 Jun 2006 08 Sep 2008 Executive Vice President Of Th French 0 - 41 (25.0%)
Resigned Xavier Marie Nicolas PAILLARD 18 Apr 2006 06 Jun 2006 Group Legal Director French 0 - 52 (40.0%)
Resigned David John COOK 18 Apr 2006 27 Feb 2009 Director British 0 - 22 (100.0%)
Resigned Melchior DE VOGUE 18 Apr 2006 27 Feb 2009 Company Director French 0 - 84 (50.0%)
Resigned Patrick Albert Josef SPINOY 27 Oct 2004 11 Apr 2006 Finance Director Belgian 0 - 84 (50.0%)
Resigned Thierry TOMASOV 27 Oct 2004 18 Apr 2006 Business Director French 0 - 107 (70.0%)
Resigned Martin John NEWELL 27 Oct 2004 31 Jan 2019 Finance Director Uk British 1 - 2314 (58.3%)
Resigned Anrew Pryce RIGBY 08 Mar 2004 30 Sep 2004 Finance Director British 0 - 11 (100.0%)
Resigned Michel Maxime Maurice DURAND 08 Mar 2004 27 Oct 2004 Chief Executive Officer French 0 - 33 (100.0%)
Resigned Ilan SCHINAZI 15 Jul 2002 08 Mar 2004 Sales And Marketing Director French 0 - 41 (25.0%)
Resigned Jean-Pierre BRICE 15 Jul 2002 14 Nov 2003 Ceo French 0 - 73 (42.9%)
Resigned Colin John BRITCHFORD 10 Dec 1999 19 Apr 2002 Operations Director British 0 - 83 (37.5%)
Resigned Neil Robert BURCHELL 24 Nov 1999 07 Mar 2001 Company Director British 2 - 44 (66.7%)
Resigned Peter Colin GILLESPIE 24 Nov 1999 25 Mar 2004 Finance Director Irish 4 - 1810 (45.5%)
Resigned Patrick GIRAUD 24 Nov 1999 15 Jul 2002 Chief Executive Officer French 1 - 155 (31.3%)
Resigned Margaret Grace BAKER 03 Mar 1997 09 Dec 1999 Marketing Director British 0 - 21 (50.0%)
Resigned Frederick Charles CROME 01 Nov 1996 08 May 2000 Overseas Sales Dir British 0 - 11 (100.0%)
Resigned James Henry CUBBON 11 Jun 1996 26 Nov 1999 Business Development Director British 1 - 3413 (37.1%)
Resigned Stephen Andrew LOGAN 01 Jan 1996 26 Nov 1999 Information Systems Management British 0 - 22 (100.0%)
Resigned Anthony Henry SWAINSTON 19 Jan 1994 26 Nov 1999 Accountant British 0 - 2915 (51.7%)
Resigned Anthony Michael BOAS 20 Jul 1992 10 May 1993 Paper Maker British 0 - 3113 (41.9%)
Resigned Henry Hillersdon GREEN 20 Jul 1992 06 Jun 1996 Marketing Director British 0 - 107 (70.0%)
Resigned Thomas Allan MCGHEE 20 Jul 1992 31 Aug 1994 Operations Director British 0 - 199 (47.4%)
Resigned Edwin Andrew GILLESPIE 26 Mar 1990 31 Dec 1995 Manufacturing Manager British 0 - 53 (60.0%)
Resigned Thomas Allan MCGHEE 31 Aug 1994 Operations Director British 0 - 199 (47.4%)
Resigned Henry Hillersdon GREEN 06 Jun 1996 Marketing Director British 0 - 107 (70.0%)
Resigned Colin John BRITCHFORD 19 Apr 2002 Operations Director British 0 - 83 (37.5%)
Resigned Anthony Michael BOAS 10 May 1993 Paper Maker British 0 - 3113 (41.9%)
Resigned Colin Austin HARRIS 31 Dec 1995 Mill Manager British 0 - 11 (100.0%)
Resigned Edwin Andrew GILLESPIE 31 Dec 1995 Manufacturing Manager British 0 - 53 (60.0%)
Resigned Jacques Louis PEYRET 28 Feb 1997 Directeur D Usin French 0 - 11 (100.0%)
Resigned Ian SIMPSON 26 Nov 1999 Accountant British 0 - 11 (100.0%)
Number of active directors: 1
Average tenure of active directors: 12.1 years
Average tenure of resigned directors: 2.5 years
Average active director Dissolution Rate: 38.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
AW-WS GROUP LIMITED (00153630) - Liquidation
ANTALIS GROUP (00157418) - Active
ANTALIS OVERSEAS HOLDINGS LIMITED (00157928) - Active
ANTALIS HOLDINGS LIMITED (00307721) - Active
WIGGINS TEAPE GROUP LIMITED(THE) (00518180) - Active
PROTALIS LIMITED (00568210) - Dissolved
ANTALIS SA HOLDINGS (00616649) - Dissolved
ARJO WIGGINS FINE PAPERS LIMITED (00961440) - In Administration
ANTALIS GROUP (HOLDINGS) LIMITED (00989416) - Active
ANTALIS LIMITED (01088345) - Active
JAMES MCNAUGHTON GROUP LIMITED (01131445) - Active
ARJO WIGGINS CARBONLESS PAPERS EUROPE LIMITED (02042007) - Active
IDEM LIMITED (02065024) - Dissolved
MAP MERCHANT GROUP LIMITED (03539527) - Active
GM2 LOGISTICS LIMITED (03884285) - Dissolved
ANTALIS OFFICE LIMITED (03990272) - Dissolved
ANTALIS SERVICES LIMITED (07284800) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-02-022015-02-022014-02-022013-02-022012-02-02
THE WIGGINS TEAPE GROUP LIMITEDORDINARY25,010,000
100%
25,010,000
100%
25,010,000
100%
25,010,000
100%
25,010,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ARJO WIGGINS FINE PAPERS 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
2019-01-01 2019-06-30 30 13% 70% 19540
2018-07-01 2018-12-31 75 76% 91% 11426
2018-01-01 2018-06-30 66 64% 90% 3020


COURT CASES


No Court Cases found

PATENTS


Title Date filed Status Publication number
Digital press printing composition and system 2002-12-20 Terminated GB2396355
Watermarked paper 2002-11-15 Granted GB2383590
Means for removing texturing press roller sleeve 1999-05-12 Terminated GB2349897
Surface-treated paper for use as recording medium 1999-01-28 Terminated GB2346157
Processing backwater in a papermachine 1994-08-11 Granted GB2281319

COMPETITORS

(Based on Sic code: 17120 Manufacture of paper and paperboard)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
DS SMITH PAPER LIMITED LEVEL 3, 1 PADDINGTON SQUARE, LONDON, UNITED KINGDOM, W2 1DL 00058614 2018-04-30 351,608,000 48,985,000 17219-Manufacture of other paper and paperboard containers
UPM-KYMMENE (UK) LIMITED 1 MEADOWHEAD ROAD, IRVINE, AYRSHIRE, KA11 5AT SC102969 2017-12-31 280,648,000 6,344,000
SOFIDEL UK LIMITED BRUNEL WAY BAGLAN ENERGY PARK, BRITON FERRY, NEATH, WALES, SA11 2FP 02245657 2017-12-31 263,469,000 19,148,000
INTERTISSUE LIMITED BRUNEL WAY BAGLAN ENERGY PARK, BRITON FERRY, NEATH, WALES, SA11 2FP 04537324 2017-12-31 131,903,000 1,228,000
ARJO WIGGINS FINE PAPERS LIMITED 2ND FLOOR, 110 CANNON STREET, LONDON, EC4N 6EU 00961440 2017-12-31 123,580,000 -70,086,000
JAMES CROPPER PUBLIC LIMITED COMPANY BURNESIDE MILLS, KENDAL, CUMBRIA, LA9 6PZ 00030226 2016-04-02 96,312,000 4,090,000
GLATFELTER LYDNEY, LTD. LYDNEY PAPER MILL, CHURCH ROAD, LYDNEY, GLOUCESTERSHIRE, GL15 5EJ 05734921 2017-12-31 82,518,000 5,886,000
JAMES CROPPER SPECIALITY PAPERS LIMITED BURNESIDE MILLS, KENDAL, CUMBRIA, LA9 6PZ 04690555 2018-03-31 64,634,000 -2,254,000
SONOCO LIMITED C/O SONOCO CORES & PAPER LTD STAINLAND BOARD MILLS, HOLYWELL GREEN, HALIFAX, ENGLAND, HX4 9PY 00082196 2017-12-31 47,955,000 17,144,000
IGGESUND PAPERBOARD (WORKINGTON) LIMITED IGGESUND PAPERBOARD, SIDDICK, WORKINGTON, CUMBRIA, CA14 1JX 00075035 2018-01-28 31,818,000 6,856,000
STAR TISSUE UK LIMITED WATERFALL STREET, BLACKBURN, LANCASHIRE, UNITED KINGDOM, BB2 2BN 05859797 2018-09-30 24,410,220 0
PECPL REALISATIONS LIMITED 10 NICHOLAS STREET, CHESTER, CH1 2NX 03046608 2017-12-31 11,185,649 0
FOLDER WORKSHOP LTD 238 STATION ROAD, ADDLESTONE, SURREY, KT15 2PS 05291580 2018-12-31 0 0
HOLMEN UK LIMITED HOLMEN UK LIMITED, SIDDICK, WORKINGTON, CUMBRIA, CA14 1JX 01441355 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is In Administration. 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 99.8% 99.8% 99.4% 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 0.7% 3.5% 7.0% Medium
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