VEKA PLC

FARRINGTON ROAD, ROSSENDALE ROAD INDUSTRIAL EST, BURNLEY, LANCASHIRE, BB11 5DA

Company Number: 01626563
Incorporation date: 02-Apr-1982
Status: Active
Entity type: Public Limited Company

SIC codes:
22210 Manufacture of plastic plates, sheets, tubes and profiles





SUMMARY

This company is 42 years old and is currently active. It is controlled by Veka Ag. The company has positive equity (net assets) of GBP 9.4 million which has increased from GBP 7.1 million in the previous year. The latest reported revenue figure is GBP 65.9 million which is similar to the previous year's figure of GBP 69 million. Retained earnings is negative (GBP -13.6 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 8 active officers (directors or partners) who are or were officers of 14 other companies, 2 (14.3%) 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 is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts 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 65,865,000 3,537,000 67,000 537,000 700,000 2,367,000
31-Dec-2018 GBP 69,019,000 2,864,000 531,000 2,333,000
31-Dec-2017 GBP 67,588,000 2,750,000 71,000 591,000 2,230,000
31-Dec-2016 GBP 68,932,000 4,778,000 3,989,000
31-Dec-2015 GBP 71,479,000 3,399,000 1,148,000 2,415,000
31-Dec-2014 GBP 78,960,000 1,207,000 187,000 1,609,000
31-Dec-2013 GBP 76,989,000 -1,578,000 1,662,000 -2,040,000
31-Dec-2012 GBP 61,800,000 -3,509,000 1,553,000 -5,062,000
31-Dec-2011 GBP 28,913,000 -1,573,000 961,000 27,000 -2,507,000
31-Dec-2010 GBP 27,994,000 -1,402,000 660,000 14,000 -2,048,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 205,000 18,845,000 19,486,000 5,000,000 23,000,000 -13,565,000 9,435,000
31-Dec-2018 GBP 173,000 20,716,000 20,772,000 8,875,000 23,000,000 -15,899,000 7,101,000
31-Dec-2017 GBP 600,000 19,806,000 18,845,000 10,870,000 23,000,000 -18,232,000 4,768,000
31-Dec-2016 GBP 725,000 18,868,000 21,145,000 12,272,000 23,000,000 -20,462,000
31-Dec-2015 GBP 236,000 19,483,000 24,017,000 16,426,000 23,000,000 -24,451,000 -1,451,000
31-Dec-2014 GBP 388,000 22,496,000 25,691,000 22,590,000 23,000,000 -25,937,000 -2,937,000
31-Dec-2013 GBP 852,000 25,677,000 27,029,000 26,742,000 23,000,000 -25,723,000 -2,723,000
31-Dec-2012 GBP 22,419,000 18,668,000 30,884,000 23,000,000 -14,440,000 8,560,000
31-Dec-2011 GBP 16,690,000 9,300,000 19,271,000 23,000,000 -9,378,000 13,622,000
31-Dec-2010 GBP 11,781,000 11,243,000 9,417,000 8,000,000 -6,871,000 4,129,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2011 GBP 65.22% 15,000,000 8,000,000 23,000,000 29,844,000
* 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)
Active Mohmed Yusuf NAMAJI 31 Dec 2021 29 Mar 2024 1 - 0
Resigned Graham FITTON 21 Nov 2008 31 Dec 2021 Accountant British 4 - 12
Resigned Alastair Mark LOMAS 22 Feb 2006 21 Nov 2008 0 - 3
Resigned Thomas Malcolm BURTON 09 Dec 2003 22 Feb 2006 0 - 17
Resigned Peter Lawrence BURTON 11 May 1999 30 Nov 2004 0 - 1
Resigned Gordon Alexander WEIR 08 May 1995 11 May 1999 0 - 4
Resigned James Robert Ewen COLEY 02 Sep 1993 08 May 1995 4 - 154
Resigned Alfred Basil MARSDEN 02 Sep 1993 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Adam Lee BURROWS 01 Jan 2024 Operations Director British 2 - 10 (0.0%)
Active Sally Ann BLADES 01 Dec 2022 Hr Director British 1 - 00 (0.0%)
Active Timothy Richard TAYLOR 01 Mar 2022 Commercial Director British 2 - 00 (0.0%)
Active Neil EVANS 05 Feb 2019 Sales Director British 1 - 00 (0.0%)
Active Neil EVANS 05 Feb 2019 Managing Director British 3 - 00 (0.0%)
Resigned Dawn STOCKELL 05 Feb 2019 31 Dec 2021 Marketing Director British 0 - 20 (0.0%)
Resigned Paul David ARMSTRONG 04 Jan 2016 31 Dec 2023 Operations Director British 0 - 20 (0.0%)
Resigned Shane GRAY 23 Jan 2014 28 Jul 2016 Director British 0 - 10 (0.0%)
Active Graham FITTON 21 Nov 2008 Accountant British 4 - 123 (18.8%)
Resigned Colin TORLEY 06 Sep 2007 29 Jan 2016 Sales Director British 0 - 50 (0.0%)
Resigned Werner, Dr SCHULER 15 Feb 2007 27 Oct 2023 Director German 0 - 20 (0.0%)
Resigned Alastair Mark LOMAS 23 Nov 2006 20 Jan 2009 Finnance Director British 0 - 30 (0.0%)
Resigned Mark DE MEZA 01 Jun 2005 31 Dec 2007 Director British 1 - 41 (20.0%)
Resigned Mark James ROGERS 13 Jan 2004 07 Jul 2006 Sales And Marketing British 0 - 75 (71.4%)
Resigned David Arthur JONES 13 Jan 2004 31 Dec 2020 Managing Director English 1 - 40 (0.0%)
Active Michael PATTALON 11 May 1999 Controller German 1 - 00 (0.0%)
Resigned Peter ABBOTT 26 Mar 1998 31 May 2005 Company Director British 0 - 3728 (75.7%)
Active Andreas HARTLEIF 09 Feb 1998 Chairman German 1 - 00 (0.0%)
Resigned Peter ABBOTT 31 May 2005 Company Director British 0 - 3728 (75.7%)
Resigned Jurgen SCHMUDLACH 01 Jan 1998 Company Director German 0 - 10 (0.0%)
Resigned John Stephen PACKER 25 May 1993 Company Director British 0 - 10 (0.0%)
Resigned Heinrich LAUMANN 31 Dec 1999 Company Director German 0 - 10 (0.0%)
Resigned Hubert HECKER 01 Jan 2007 Company Director German 0 - 10 (0.0%)
Resigned John William FITZSIMMONS 25 May 1993 Company Director British 0 - 10 (0.0%)
Resigned Graham FELTON 25 May 1993 Company Director British 0 - 75 (71.4%)
Resigned Steven CROSSLEY 25 May 1993 Company Director British 1 - 52 (33.3%)
Resigned Gordon Alexander WEIR 12 Apr 1999 Company Director British 0 - 40 (0.0%)
Number of active directors: 8
Average tenure of active directors: 10.0 years
Average tenure of resigned directors: 3.7 years
Average active director Dissolution Rate: 2.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
EAST LANCASHIRE CHAMBER OF COMMERCE AND INDUSTRY (00024084) - Active
HYLOAD LIMITED (00814191) - Dissolved
VEKA PLC (01626563) - Active
SAFRAN NACELLES LIMITED (02344610) - Active
AIRCELLE PENSION SCHEME TRUSTEES LIMITED (02382808) - Active
IKO PLC (02678296) - Active
RUBEROID LIMITED (02904444) - Dissolved
NETWORK VEKA LIMITED (04029350) - Active
BOWATER BUILDING PRODUCTS LIMITED (05088708) - Active
WHS HALO LIMITED (05717265) - Active
VEKA RECYCLING LIMITED (05847286) - Active
BOWATER ARCHITECTURAL LIMITED (07336080) - Active
WATER ORTON LIMITED (07336144) - Active
UTC LANCASHIRE (07653051) - Active
BOWATER DOORS LIMITED (09859891) - Active - Proposal to Strike off

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-04-152015-04-152014-04-152013-04-152012-04-15
VEKA AGORDINARY23,000,000
100%
23,000,000
100%
23,000,000
100%
23,000,000
100%
23,000,000
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2016-03-302015-03-302014-03-302013-03-302012-03-30
VEKA PLCORDINARY4
100%
4
100%
4
100%
4
100%
4
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES


    • >75%:Veka Ag (None - Germany) active

    Controlling entities above

    VEKA PLC

    Controlled companies below

    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
    2023-07-01 2023-12-31 47 31% 6% 81565
    2023-01-01 2023-06-30 48 32% 5% 72150
    2022-07-01 2022-12-31 50 36% 6% 68548
    2022-01-01 2022-06-30 48 29% 90% 60076
    2021-07-01 2021-12-31 51 38% 5% 52744
    2020-07-01 2020-12-31 53 39% 10% 39608
    2020-01-01 2020-06-30 48 33% 19% 39607
    2019-07-01 2019-12-31 47 34% 15% 39605
    2019-01-01 2019-06-30 47 32% 81% 17640
    2018-07-01 2018-12-31 47 42% 79% 10066
    2018-01-01 2018-06-30 46 42% 78% 2493


    COURT CASES


    Date Title Reference Subject
    2019-05-17 Mr M Nicholls v Veka plc [2019] UKET 2417099/2018 Unfair Dismissal

    PATENTS


    Title Date filed Status Publication number
    Template or base frame for mounting a window or door frame in a building aperture 1996-03-29 Terminated GB2300019
    Installing frames in apertures 1995-11-09 Terminated GB2306993
    Window frame reinforcement with a flange having a recess for a locking mechanism 1995-10-25 Terminated GB2294493
    Rows of windows 1994-03-16 Terminated GB2288421
    Glazing arrangement 1990-11-23 Ceased GB2238818

    COMPETITORS

    (Based on Sic code: 22210 Manufacture of plastic plates, sheets, tubes and profiles)

    Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
    BRETT MARTIN LIMITED 24 ROUGHFORT ROAD, MALLUSK, CO ANTRIM, BT36 4RB NI008627 2017-12-31 132,932,494 3,525,243
    VEKA PLC FARRINGTON ROAD, ROSSENDALE ROAD INDUSTRIAL EST, BURNLEY, LANCASHIRE, BB11 5DA 01626563 2016-12-31 68,932,000 3,969,000
    TENNANTS UK LIMITED TENNANT HOUSE, MOUNT STREET, NEW BASFORD, NOTTINGHAM, NG7 7HX 00924063 2017-11-30 9,922,226 0 25990-Manufacture of other fabricated metal products not elsewhere classified
    ESSEL PROPACK UK LIMITED CASTLE COURT, 41 LONDON ROAD, REIGATE, SURREY, RH2 9RJ 02864279 2018-03-31 1,806,085 0
    RECYPLAS LIMITED UNIT 1 HOOK LANE, EASTWOOD END WIMBLINGTON, MARCH, CAMBRIDGESHIRE, PE15 0QQ 07913278 2018-03-31 1,681,510 0 38210-Treatment and disposal of non-hazardous waste
    46690-Wholesale of other machinery and equipment
    46770-Wholesale of waste and scrap
    NOICEONE LIMITED 9 SEABANK ROAD, SOUTHPORT, MERSEYSIDE, PR9 0EW 06810981 2018-03-31 109,936 0 22290-Manufacture of other plastic products
    93199-Other sports activities
    93290-Other amusement and recreation activities not elsewhere classified
    COLLARCODE LIMITED 54 GROVE ROAD, SONNING COMMON, READING, BERKSHIRE, RG4 9RL 04749767 2019-05-04 92,889 0
    D.W. PLASTICS LIMITED FACTORY 7 CHANDLER ROAD, TERMINUS ROAD INDUSTRIAL ESTATE, CHICHESTER, WEST SUSSEX, PO19 8UE 01531156 2018-03-31 0 0
    D W PLASTICS GROUP LTD FACTORY 7, CHANDLER ROAD, CHICHESTER, WEST SUSSEX, ENGLAND, PO19 8UE 10241438 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
    VEKA PLC 0.9% 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 1.7% 4.0% 5.9% 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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