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VAX LIMITED
ARTILLERY HOUSE, HERITAGE WAY, DROITWICH, WEST MIDLANDS, WR9 8YBCompany Number: 01341840
Incorporation date: 01-Dec-1977
Status: Active
Entity type: Private Limited Company
SIC codes:
46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
SUMMARY
This company is 46.4 years old and is currently active. The company has negative equity (net assets) of GBP -10 million which has worsened since the previous year's figure of GBP -4.9 million. The latest reported revenue figure is GBP 102.6 million which is down -10% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -36.5 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 2 active officers (directors or partners) who are or were officers of 1 other company. 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: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 102,600,000 | 1,184,000 | 3,354,000 | |||
31-Dec-2018 | GBP | 110,092,000 | -2,942,000 | 2,935,000 | |||
31-Dec-2017 | GBP | 1,000 | 3,000 | 5,000 | 6,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 15,924,000 | 63,815,000 | 48,495,000 | 28,392,000 | 33,000 | 27,408,000 | -36,526,000 | -9,989,000 |
31-Dec-2018 | GBP | 17,697,000 | 74,351,000 | 55,462,000 | 28,392,000 | 33,000 | -34,356,000 | -4,908,000 | |
31-Dec-2017 | GBP | 4,972,000 | 68,628,000 | 48,768,000 | 28,392,000 | 33,000 | -28,479,000 | -2,870,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Michael Trevor RAYBOULD | 24 May 2004 | 02 Feb 2017 | Finance Director | British | 3 - 8 |
Resigned | Peter Mark SHEFFIELD | 26 Nov 1999 | 31 Mar 2004 | Financial Controller | British | 0 - 4 |
Resigned | Lawrence Ian JEBSON | 14 Nov 1995 | 26 Nov 1999 | Director | British | 2 - 12 |
Resigned | Peter Jonathan RUSHTON | 17 Jul 1992 | 14 Nov 1995 | Secretary | British | 0 - 2 |
Resigned | Robin Clive BAYLISS | 17 Jul 1992 | British | 0 - 4 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Danielle Maree CLAYTON | 23 Feb 2022 | Finance Director | Australian | 1 - 0 | 0 (0.0%) | |
Resigned | David Allen LAUTENSCHLAEGER | 20 Feb 2017 | 23 Feb 2022 | Chief Financial Officer | American | 0 - 2 | 0 (0.0%) |
Active | David WINTERBOTTOM | 31 Dec 2016 | Managing Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Alex Miquel Braz DUARTE | 23 Mar 2015 | 04 Feb 2019 | Company Director | Portuguese | 0 - 3 | 0 (0.0%) |
Resigned | Michael Trevor RAYBOULD | 24 May 2004 | 02 Feb 2017 | Finance Director | British | 3 - 8 | 0 (0.0%) |
Resigned | Simon LAWSON | 22 Apr 2003 | 25 Aug 2016 | Managing Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Keith William MARRIOTT | 09 Nov 1999 | 30 Apr 2003 | Commercial Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Horst Julius PUDWILL | 30 Sep 1999 | 28 Aug 2013 | Merchant | German | 1 - 2 | 0 (0.0%) |
Resigned | Chi Chung CHAN | 30 Sep 1999 | 28 Aug 2013 | Accountant | British | 0 - 1 | 0 (0.0%) |
Resigned | David Lyle BUTTS | 30 Sep 1999 | 28 Aug 2013 | Merchant | American | 0 - 1 | 0 (0.0%) |
Resigned | Patrick George AUSTEN | 01 Sep 1997 | 07 Feb 2008 | Director | British | 0 - 74 | 20 (27.0%) |
Resigned | Lawrence Ian JEBSON | 14 Nov 1995 | 31 May 2002 | Director | British | 2 - 12 | 4 (28.6%) |
Resigned | Julian Piers STRETCH | 20 Feb 1995 | 14 Nov 1995 | Director | British | 0 - 6 | 2 (33.3%) |
Resigned | Geoffrey Martin BREWIN | 01 Jan 1995 | 07 Nov 1997 | Director Engineering | British | 0 - 1 | 0 (0.0%) |
Resigned | Graham TISO | 01 Jan 1995 | 14 Nov 1995 | Director Manufacturing | British | 0 - 13 | 8 (61.5%) |
Resigned | Alan John BRAZIER | 02 Nov 1994 | 24 Oct 1997 | Director | British | 0 - 10 | 1 (10.0%) |
Resigned | Anthony Martin GARDINER | 21 Mar 1994 | 26 Sep 1995 | Director | British | 0 - 11 | 6 (54.5%) |
Resigned | Ravi PAL | 01 Jan 1994 | 31 Oct 1997 | Managing Director | British | 0 - 2 | 1 (50.0%) |
Resigned | Kim Patrick RAWSON | 13 Dec 1993 | 14 Nov 1995 | Director Sales Uk And Eire | British | 1 - 17 | 10 (55.6%) |
Resigned | Phillip James MARSTON | 01 Mar 1993 | 05 Nov 1997 | Director | English | 0 - 1 | 0 (0.0%) |
Resigned | Peter Jonathan RUSHTON | 17 Jul 1992 | 31 Dec 1995 | Director Finance | British | 0 - 2 | 0 (0.0%) |
Resigned | Peter Graham QUINLAN | 17 Jul 1992 | 30 Apr 1993 | Director Sales | British | 0 - 2 | 0 (0.0%) |
Resigned | Alec DOUGLAS | 17 Jul 1992 | 31 Aug 1995 | Director Marketing | British | 2 - 4 | 3 (50.0%) |
Resigned | Ian Gordon BRAZIER | 24 Jun 1992 | 14 Nov 1995 | Director | British | 2 - 5 | 2 (28.6%) |
Resigned | Grahame Gerald CAPRON-TEE | 18 Aug 1992 | Director | British | 0 - 6 | 1 (16.7%) | |
Resigned | Karen Jean HEELEY | 17 Jul 1992 | Director | British | 0 - 5 | 2 (40.0%) | |
Resigned | Alan John BRAZIER | 24 Oct 1997 | Director | British | 0 - 10 | 1 (10.0%) | |
Resigned | Ian Gordon BRAZIER | 14 Nov 1995 | Director | British | 2 - 5 | 2 (28.6%) | |
Resigned | Robin Clive BAYLISS | 17 Jul 1992 | Director | British | 0 - 4 | 2 (50.0%) | |
Resigned | Charles BROOKS | 16 Aug 1994 | Director | British | 0 - 2 | 1 (50.0%) | |
Resigned | Lynne Denise WILKIE | 17 Jul 1992 | Director | British | 0 - 8 | 3 (37.5%) |
Average tenure of active directors: 4.7 years
Average tenure of resigned directors: 4.4 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||
---|---|---|---|
VAX LIMITED (01341840) - Active | ✔ | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-08-15 | 2014-08-15 | 2013-08-15 | 2012-08-15 | 2011-08-15 | ||
TECHTRONIC INDUSTRIES CO LTD | ORDINARY A | 30,000 75% | 30,000 75% | 30,000 75% | 30,000 75% | 30,000 75% |
TECHTRONIC INDUSTRIES CO LTD | ORDINARY B | 10,000 25% | 10,000 25% | 10,000 25% | 10,000 25% | 10,000 25% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
no controlling companies
VAX 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
Date | Title | Reference | Subject |
---|---|---|---|
2011-10-27 | Dyson Ltd v Vax Ltd | [2011] EWCA Civ 1206 | |
2010-07-29 | Dyson Ltd v Vax Ltd | [2010] EWHC 1923 (Pat) |
PATENTS
Title | Date filed | Status | Publication number |
---|---|---|---|
A dust separator/collector assembly | 2012-08-10 | Granted | GB2504776 |
Animal bed device | 2009-06-12 | Terminated | GB2470960 |
Dust receptacle for a vacuum cleaner | 2008-12-23 | Ceased | GB2466625 |
Suction hose arrangement for vacuum cleaners | 2007-12-19 | Terminated | GB2455739 |
Cyclonic dust separator for a vacuum cleaner | 2007-11-15 | Terminated | GB2454690 |
Cyclonic separator with dual dust receptacle arrangement | 2006-09-29 | Terminated | GB2442211 |
Suction diversion channel in vacuum cleaner head | 2006-09-09 | Terminated | GB2441495 |
Wet suction cleaner deflector | 2006-06-02 | Terminated | GB2438583 |
Electric motor housing | 2006-04-05 | Terminated | GB2436787 |
Upright-type cleaning appliances | 2006-03-11 | Terminated | GB2435817 |
Cleaner with auxiliary fluid dispensing | 2005-12-06 | Terminated | GB2433021 |
Hose storage and deployment assembly for suction cleaner | 2005-04-21 | Ceased | GB2425246 |
A cleaning device | 1999-05-10 | Ceased | GB2338404 |
A boundary layer separator | 1999-04-15 | Ceased | GB2337473 |
Cleaning head for wet/dry vacuum cleaner having foot operable fluid flow control means | 1998-11-12 | Terminated | GB2343617 |
Cleaning heads for suction cleaners, and adaptors for use therewith | 1998-11-11 | Terminated | GB2343616 |
Coiled tubing | 1997-03-21 | Terminated | GB2323422 |
Vacuum cleaner hose | 1997-02-21 | Granted | GB2310369 |
Cleaning head with fluid delivery and removal means | 1997-02-17 | Terminated | GB2322066 |
Wet or dry vacuum cleaner | 1997-02-13 | Ceased | GB2322065 |
Appliances for cleaning floors or other surfaces by the application of liquid | 1995-08-15 | Terminated | GB2304383 |
Pick-up heads for vacuum cleaners | 1993-10-06 | Ceased | GB2286113 |
Upright vacuum cleaner with disengagable beater drive | 1993-10-06 | Terminated | GB2271275 |
Fabric cleaning and sanitizing compositions | 1989-06-20 | Terminated | GB2229446 |
Cleaning head | 1987-07-10 | Ceased | GB2206478 |
Suction cleaning apparatus | 1979-11-29 | Ceased | GB2038168 |
COMPETITORS
(Based on Sic code:
46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them))
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
EDMUNDSON ELECTRICAL LIMITED | EDMUNDSON HOUSE, TATTON STREET, KNUTSFORD, CHESHIRE, ENGLAND, WA16 6AY | 02667012 | 2017-12-31 | 1,263,885,000 | 50,146,000 | |
STEARN ELECTRIC COMPANY LIMITED | VOTEC HOUSE, HAMBRIDGE LANE, NEWBURY, BERKSHIRE, RG14 5TN | 00201097 | 2017-12-31 | 160,639,000 | 9,397,000 | |
FUJIFILM UK LIMITED | FUJIFILM HOUSE, WHITBREAD WAY, BEDFORD, BEDFORDSHIRE, ENGLAND, MK42 0ZE | 01264514 | 2018-03-31 | 144,504,000 | 6,988,000 |
46690-Wholesale of other machinery and equipment 46760-Wholesale of other intermediate products |
PROTEC FIRE AND SECURITY GROUP LIMITED | PROTEC HOUSE, CHURCHILL WAY, NELSON, LANCASHIRE, BB9 6RT | 02039210 | 2017-08-31 | 108,334,869 | 10,864,545 | |
ADI-GARDINER LIMITED | UNIT 6 BROADGATE OLDHAM BROADWAY BUSINESS PARK, CHADDERTON, OLDHAM, ENGLAND, OL9 9XA | 01322200 | 2014-12-31 | 97,530,000 | 2,262,000 | |
R K WHOLESALE LIMITED | SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE ON TRENT, STAFFORDSHIRE, ST4 2NL | 02784084 | 2017-06-30 | 81,978,291 | 0 | |
THE CONAIR GROUP LIMITED | MAPLEWOOD CHINEHAM BUSINESS PARK, CROCKFORD LANE, BASINGSTOKE, ENGLAND, RG24 8YB | 01134488 | 2017-12-31 | 79,220,169 | 3,423,539 | |
DETA ELECTRICAL COMPANY LIMITED | VOTEC HOUSE, HAMBRIDGE LANE, NEWBURY, BERKSHIRE, RG14 5TN | 00612799 | 2017-12-31 | 60,311,000 | 4,289,000 | |
POWERFORCE DISTRIBUTION LIMITED | SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE ON TRENT, STAFFORDSHIRE, ST4 2NL | 04012032 | 2017-06-30 | 57,869,631 | 0 | |
ERF ELECTRICAL WHOLESALERS LTD. | SALOP STREET, DAYBROOK, NOTTINGHAM, NG5 6HD | 00911692 | 2017-12-31 | 22,786,929 | 0 |
46499-Wholesale of household goods (other than musical instruments) not elsewhere classified |
D&M AUDIOVISUAL LTD | D&M AUDIOVISUAL LTD, DALE ROAD, WORTHING, WEST SUSSEX, UNITED KINGDOM, BN11 2BH | 00801901 | 2018-03-31 | 18,516,669 | 0 | |
SWAN PRODUCTS LIMITED | SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE-ON-TRENT, STAFFORDSHIRE, ENGLAND, ST4 2NL | 06473372 | 2017-06-30 | 15,623,298 | 0 | |
DIGILAND LIMITED | DIGILAND HOUSE UNIT C, STAFFORD PARK 12, TELFORD, SHROPSHIRE, TF3 3BJ | 05812731 | 2018-06-30 | 13,652,458 | 0 |
46499-Wholesale of household goods (other than musical instruments) not elsewhere classified |
SPARKWORLD LIMITED | 9 BATTLE ROAD, HEATHFIELD INDUSTRIAL ESTATE, NEWTON ABBOT, DEVON, TQ12 6RY | 01895421 | 2018-06-30 | 6,287,872 | 0 |
47540-Retail sale of electrical household appliances in specialised stores |
BEST SELLING LIMITED | 141 CHEETHAM HILL RD, CHEETHAM HILL ROAD, MANCHESTER, ENGLAND, M8 8LY | 02918261 | 2017-09-30 | 6,065,349 | 0 | |
BOXING CLEVER SOLUTIONS LIMITED | STERLING HOUSE, FULBOURNE ROAD, WALTHAMSTOW, LONDON, E17 4EE | 08272420 | 2017-10-31 | 532,922 | 0 |
62090-Other information technology service activities |
ELECTRICAL ALLIANCE SERVICES LTD | 3RD FLOOR, 207 REGENT STREET, LONDON, ENGLAND, W1B 3HH | 09746097 | 2017-08-31 | 159,240 | 0 | |
ADAPT GLOBAL LIMITED | 59 HIGH STREET, GREAT MISSENDEN, BUCKINGHAMSHIRE, UNITED KINGDOM, HP16 0AL | 07686596 | 2018-03-31 | 90,555 | 0 | |
APPLIED KNOWLEDGE AND TECHNOLOGY LIMITED | 42 MAGNOLIA DENE, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP15 7QE | 07114843 | 2018-12-31 | 6,084 | 0 | |
ATAC LIMITED | 27 TAWNY CLOSE, LONDON, W13 9LX | 04559636 | 2018-10-31 | 602 | 0 |
46730-Wholesale of wood, construction materials and sanitary equipment |
ABERCORN ELECTRONIC DISTRIBUTION LIMITED | PARDOVAN WORKS, PHILIPSTOUN, LINLITHGOW, WEST LOTHIAN, EH49 7TT | SC392526 | 2019-03-31 | 0 | 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 |
---|---|---|---|---|
VAX LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | 1.0% | 4.9% | 9.1% | Medium |
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 |