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CHEMRING TECHNOLOGY SOLUTIONS LIMITED
ROKE MANOR, OLD SALISBURY LANE, ROMSEY, HAMPSHIRE, SO51 0ZNPrevious name: CHEMRING EOD LIMITED (changed on 02-Nov-2015)
Previous name: RICHMOND EEI LIMITED (changed on 03-Nov-2008)
Company Number: 01528540
Incorporation date: 17-Nov-1980
Status: Active
Entity type: Private Limited Company
SIC codes:
84220 Defence activities
SUMMARY
This company is 43.4 years old and is currently active. It is controlled by Chemring Energetics Limited. The company has negative equity (net assets) of GBP -5.1 million which has worsened since the previous year's figure of GBP -2.2 million. The latest reported revenue figure is GBP 3.1 million which is down -70% 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 -17.1 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 4 active officers (directors or partners) who are or were officers of 69 other companies, 14 (20.3%) 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: 31-Jul-2024Accounts Filed: AUDIT EXEMPTION SUBSIDIARY (31-Oct-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Oct-2019 | GBP | 3,110,000 | -694,000 | 139,000 | -2,885,000 | ||
31-Oct-2018 | GBP | 10,011,000 | -12,287,000 | 275,000 | -12,566,000 | ||
31-Oct-2017 | GBP | 22,756,000 | 1,820,000 | 476,000 | 20,000 | 1,364,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Oct-2019 | GBP | 1,847,000 | 7,223,000 | 12,010,000 | -17,140,000 | -5,130,000 | |||
31-Oct-2018 | GBP | 109,000 | 7,611,000 | 8,747,000 | 3,500,000 | 12,010,000 | -14,255,000 | -2,245,000 | |
31-Oct-2017 | GBP | 4,114,000 | 12,940,000 | 2,975,000 | 12,705,000 | 12,010,000 | -1,689,000 | 10,321,000 |
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) |
---|---|---|---|---|---|---|
Active | Sarah Louise ELLARD | 02 Nov 2007 | 28 Mar 2024 | 19 - 83 | ||
Resigned | Sarah Margaret Hearne GILBERT | 09 Nov 1999 | 02 Nov 2007 | 1 - 11 | ||
Resigned | Sarah Margaret Hearne GILBERT | 01 Jan 1998 | 1 - 11 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | James Stephen Mccready MORTENSEN | 01 Jan 2024 | Company Director | British | 12 - 0 | 1 (8.3%) | |
Active | Andrew Peter DAVIES | 07 May 2020 | Company Director | British | 2 - 6 | 1 (12.5%) | |
Resigned | Brian HIGHET | 01 Jul 2019 | 07 May 2020 | Company Director | British | 1 - 1 | 0 (0.0%) |
Resigned | Stuart James Spence CAMERON | 30 Apr 2019 | 30 Jun 2019 | Managing Director | British | 0 - 3 | 0 (0.0%) |
Active | Michael ORD | 01 Jul 2018 | Company Director | British | 13 - 15 | 4 (14.3%) | |
Resigned | Paul John DAVIDSON | 01 Nov 2017 | 30 Apr 2019 | Company Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Andrew Gregory LEWIS | 19 Jan 2017 | 31 Dec 2023 | Company Director | British | 1 - 60 | 15 (24.6%) |
Resigned | David Alexander MCDONALD | 01 Nov 2016 | 30 Apr 2019 | Company Director | British | 0 - 6 | 3 (50.0%) |
Resigned | Ian Charles COOPER | 26 Jun 2015 | 01 Nov 2017 | Company Director | British | 1 - 1 | 0 (0.0%) |
Resigned | Ian Charles COOPER | 26 Jun 2015 | 01 Nov 2017 | Company Director | British | 5 - 1 | 1 (16.7%) |
Active | Sarah Louise ELLARD | 24 Jul 2014 | Group Legal Director | British | 19 - 83 | 25 (24.5%) | |
Resigned | Michael James FLOWERS | 24 Jul 2014 | 30 Jun 2018 | Company Director | Australian | 0 - 47 | 10 (21.3%) |
Resigned | Richard Anthony DELLAR | 01 Jul 2014 | 19 Sep 2014 | Managing Director | British | 0 - 8 | 1 (12.5%) |
Resigned | Steven John BOWERS | 26 Feb 2013 | 30 Sep 2016 | Group Finance Director | British | 0 - 108 | 54 (50.0%) |
Resigned | Mark Harry PAPWORTH | 05 Nov 2012 | 24 Jul 2014 | Chief Executive | British | 3 - 58 | 13 (21.3%) |
Resigned | Michael Edward LUEDICKE | 13 Sep 2012 | 31 Oct 2016 | Managing Director | British | 0 - 5 | 4 (80.0%) |
Resigned | David Alexander MCDONALD | 09 May 2012 | 13 Sep 2012 | Interim Managing Director | British | 0 - 6 | 3 (50.0%) |
Resigned | Stephen Edward GRINHAM | 09 May 2012 | 09 Mar 2015 | Company Director | British | 0 - 4 | 2 (50.0%) |
Resigned | Robert Seamus HILL | 18 Jun 2010 | 01 May 2012 | Managing Director | British | 0 - 16 | 7 (43.8%) |
Resigned | Andrew TRISTRAM | 24 Nov 2008 | 01 Sep 2010 | General Manager | British | 0 - 4 | 1 (25.0%) |
Resigned | Jonathan Lionel Austin EAREY | 01 Aug 2008 | 27 May 2010 | Managing Director | British | 0 - 4 | 3 (75.0%) |
Resigned | David John PRICE | 02 Nov 2007 | 26 Oct 2012 | Chief Executive | British | 3 - 65 | 12 (17.6%) |
Resigned | Michael John HELME | 02 Nov 2007 | 14 Sep 2012 | Professional Engineer | British | 0 - 23 | 13 (56.5%) |
Resigned | Paul Adrian RAYNER | 02 Nov 2007 | 31 Jul 2012 | Finance Director | British | 50 - 150 | 56 (28.0%) |
Resigned | Sarah Margaret Hearne GILBERT | 01 Oct 2005 | 02 Nov 2007 | Director | British | 1 - 11 | 7 (58.3%) |
Resigned | Robert Jackson GILBERT | 02 Nov 2007 | Director | British | 3 - 8 | 5 (45.5%) | |
Resigned | Sarah Margaret Hearne GILBERT | 01 Jan 1998 | Director/Company Secretary | British | 1 - 11 | 7 (58.3%) |
Average tenure of active directors: 4.9 years
Average tenure of resigned directors: 2.4 years
Average active director Dissolution Rate: 14.9%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | ||
CHEMRING ENERGETICS LIMITED | ORDINARY SHARES OF ?1 | 12,010,000 100% | 12,010,000 100% | 12,010,000 100% | 12,010,000 100% | 0 0% |
RICHMOND ELECTRONICS & ENGINEERING LIMITED | ORDINARY SHARES OF ?1 | 0 0% | 0 0% | 0 0% | 0 0% | 10,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
CHEMRING TECHNOLOGY SOLUTIONS 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
Title | Date filed | Status | Publication number |
---|---|---|---|
Cellular device policy conflict management | 2016-02-01 | Pending | GB2536555 |
Cellular device policy conflict management | 2015-02-02 | Awaiting First Examination | GB2534872 |
Control of WLAN connection using an authentication process | 2013-10-11 | Granted | GB2507653 |
Detecting buried objects by detecting changes in the quality factor of a resonant circuit | 2012-01-12 | Granted | GB2498375 |
Power manager and method | 2010-02-03 | Granted | GB2475110 |
COMPETITORS
(Based on Sic code:
84220 Defence activities)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
BAE SYSTEMS (OMAN) LIMITED | VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, ENGLAND, GU16 7EX | 03135337 | 2017-12-31 | 1,056,962,000 | 64,519,000 | |
GENERAL DYNAMICS UNITED KINGDOM LIMITED | 21 HOLBORN VIADUCT, LONDON, EC1A 2DY | 01911653 | 2017-12-31 | 680,242,000 | 82,836,000 | |
RAYTHEON SYSTEMS LIMITED | KAO ONE, KAO PARK, HARLOW, ESSEX, ENGLAND, CM17 9NA | 00406809 | 2017-12-31 | 461,455,000 | 39,945,000 | |
BABCOCK DSG LTD | 33 WIGMORE STREET, LONDON, W1U 1QX | 09329025 | 2018-03-31 | 371,986,000 | 4,605,000 | |
BOEING DEFENCE UK LIMITED | 25 VICTORIA STREET, LONDON, SW1H 0EX | 01290439 | 2017-12-31 | 306,674,000 | 3,491,000 | |
BABCOCK LAND LIMITED | 33 WIGMORE STREET, LONDON, W1U 1QX | 03493110 | 2018-03-31 | 258,272,000 | 16,190,000 | |
BABCOCK MARINE (CLYDE) LIMITED | ROSYTH BUSINESS PARK, ROSYTH, DUNFERMLINE, FIFE, KY11 2YD | SC220243 | 2018-03-31 | 155,298,000 | 12,078,000 | |
BAE SYSTEMS (MILITARY AIR) OVERSEAS LIMITED | VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, ENGLAND, GU16 7EX | 02564455 | 2017-12-31 | 111,081,000 | 36,115,000 | |
HOLDFAST TRAINING SERVICES LIMITED | BUILDING 29, HQ RSME BROMPTON BARRACKS, CHATHAM, KENT, ENGLAND, ENGLAND, ME4 4UG | 04094249 | 2018-03-31 | 105,054,000 | 19,963,000 | |
ASCENT FLIGHT TRAINING (MANAGEMENT) LIMITED | C/O BABCOCK INTERNATIONAL GROUP PLC, 33 WIGMORE STREET, LONDON, W1U 1QX | 06522636 | 2018-03-31 | 91,902,000 | 3,667,000 | |
ATLAS ELEKTRONIK UK LIMITED | DORSET INNOVATION PARK, WINFRITH NEWBURGH, DORCHESTER, DT2 8ZB | 05582639 | 2017-09-30 | 37,394,000 | 2,571,000 | |
CIVIL DEFENCE SUPPLY LIMITED | UNITS B5 & B6 PAVING WAY OFF WHISBY ROAD, NORTH HYKEHAM, LINCOLN, LINCOLNSHIRE, ENGLAND, LN6 3QW | 03542902 | 2017-12-31 | 1,488,322 | 0 | |
PENTIUS LTD | THE WALLED GARDEN, 93, THE HIGH STREET, SHARNBROOK, BEDFORDSHIRE, UNITED KINGDOM, MK44 1PE | 09957157 | 2019-01-31 | 179,041 | 0 | |
TONEKEY SYSTEMS LTD | 88 ABBEY ROAD, WESTBURY ON TRYM, BRISTOL, BS9 3QX | 06617159 | 2018-06-30 | 97,684 | 0 | |
MOUNTJOY GODLY AND GRAY LIMITED | 43 WHITECROSS ROAD, WESTON SUPER MARE, SOMERSET, BS23 1EN | 06557450 | 2018-04-30 | 76,253 | 0 | |
ENCOURAGEMENT LIMITED | 153 HIGH ROAD, LAYER-DE-LA-HAYE, COLCHESTER, ENGLAND, CO2 0EB | 09851926 | 2018-11-30 | 9,800 | 0 | |
AWE MANAGEMENT LIMITED | SERCO HOUSE, 16 BARTLEY WAY, HOOK, ENGLAND, RG27 9UY | 03664571 | 0000-00-00 | 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 |
---|---|---|---|---|
CHEMRING TECHNOLOGY SOLUTIONS LIMITED | 0.7% | 3.6% | 7.4% | 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 | 0.4% | 1.3% | 3.0% | Medium |
Accounting Month | 0.6% | 4.4% | 12.0% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |