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VEKA PLC
FARRINGTON ROAD, ROSSENDALE ROAD INDUSTRIAL EST, BURNLEY, LANCASHIRE, BB11 5DACompany 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-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 | 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 1 | 0 (0.0%) | |
Active | Sally Ann BLADES | 01 Dec 2022 | Hr Director | British | 1 - 0 | 0 (0.0%) | |
Active | Timothy Richard TAYLOR | 01 Mar 2022 | Commercial Director | British | 2 - 0 | 0 (0.0%) | |
Active | Neil EVANS | 05 Feb 2019 | Sales Director | British | 1 - 0 | 0 (0.0%) | |
Active | Neil EVANS | 05 Feb 2019 | Managing Director | British | 3 - 0 | 0 (0.0%) | |
Resigned | Dawn STOCKELL | 05 Feb 2019 | 31 Dec 2021 | Marketing Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Paul David ARMSTRONG | 04 Jan 2016 | 31 Dec 2023 | Operations Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Shane GRAY | 23 Jan 2014 | 28 Jul 2016 | Director | British | 0 - 1 | 0 (0.0%) |
Active | Graham FITTON | 21 Nov 2008 | Accountant | British | 4 - 12 | 3 (18.8%) | |
Resigned | Colin TORLEY | 06 Sep 2007 | 29 Jan 2016 | Sales Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Werner, Dr SCHULER | 15 Feb 2007 | 27 Oct 2023 | Director | German | 0 - 2 | 0 (0.0%) |
Resigned | Alastair Mark LOMAS | 23 Nov 2006 | 20 Jan 2009 | Finnance Director | British | 0 - 3 | 0 (0.0%) |
Resigned | Mark DE MEZA | 01 Jun 2005 | 31 Dec 2007 | Director | British | 1 - 4 | 1 (20.0%) |
Resigned | Mark James ROGERS | 13 Jan 2004 | 07 Jul 2006 | Sales And Marketing | British | 0 - 7 | 5 (71.4%) |
Resigned | David Arthur JONES | 13 Jan 2004 | 31 Dec 2020 | Managing Director | English | 1 - 4 | 0 (0.0%) |
Active | Michael PATTALON | 11 May 1999 | Controller | German | 1 - 0 | 0 (0.0%) | |
Resigned | Peter ABBOTT | 26 Mar 1998 | 31 May 2005 | Company Director | British | 0 - 37 | 28 (75.7%) |
Active | Andreas HARTLEIF | 09 Feb 1998 | Chairman | German | 1 - 0 | 0 (0.0%) | |
Resigned | Peter ABBOTT | 31 May 2005 | Company Director | British | 0 - 37 | 28 (75.7%) | |
Resigned | Jurgen SCHMUDLACH | 01 Jan 1998 | Company Director | German | 0 - 1 | 0 (0.0%) | |
Resigned | John Stephen PACKER | 25 May 1993 | Company Director | British | 0 - 1 | 0 (0.0%) | |
Resigned | Heinrich LAUMANN | 31 Dec 1999 | Company Director | German | 0 - 1 | 0 (0.0%) | |
Resigned | Hubert HECKER | 01 Jan 2007 | Company Director | German | 0 - 1 | 0 (0.0%) | |
Resigned | John William FITZSIMMONS | 25 May 1993 | Company Director | British | 0 - 1 | 0 (0.0%) | |
Resigned | Graham FELTON | 25 May 1993 | Company Director | British | 0 - 7 | 5 (71.4%) | |
Resigned | Steven CROSSLEY | 25 May 1993 | Company Director | British | 1 - 5 | 2 (33.3%) | |
Resigned | Gordon Alexander WEIR | 12 Apr 1999 | Company Director | British | 0 - 4 | 0 (0.0%) |
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 | ||||
---|---|---|---|---|---|---|
2016-04-15 | 2015-04-15 | 2014-04-15 | 2013-04-15 | 2012-04-15 | ||
VEKA AG | ORDINARY | 23,000,000 100% | 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 | ||||
---|---|---|---|---|---|---|
2016-03-30 | 2015-03-30 | 2014-03-30 | 2013-03-30 | 2012-03-30 | ||
VEKA PLC | ORDINARY | 4 100% | 4 100% | 4 100% | 4 100% | 4 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
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 |