VAX LIMITED

ARTILLERY HOUSE, HERITAGE WAY, DROITWICH, WEST MIDLANDS, WR9 8YB

Company 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-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Tax
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**

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)
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%)

Number of active directors: 2
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	Danielle Maree CLAYTON	David WINTERBOTTOM
VAX LIMITED (01341840) - Active	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	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