MIL-VER METAL COMPANY LIMITED

CORONEL AVENUE, ROWLEYS GREEN INDUSTRIAL ESTATE, COVENTRY, WEST MIDLANDS, CV6 6AP

Company Number: 01634739
Incorporation date: 11-May-1982
Status: Active
Entity type: Private Limited Company

SIC codes:
24420 Aluminium production
24440 Copper production

SUMMARY

This company is 42 years old and is currently active. It is controlled by Amalgamated Metal Investment Holdings Limited. The company has positive equity (net assets) of GBP 2.2 million which has increased from GBP 1.8 million in the previous year. The latest reported revenue figure is GBP 30.5 million which is down -30% on the previous year. Retained earnings is negative (GBP -2.8 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 3 active officers (directors or partners) who are or were officers of 25 other companies. 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: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	GBP	30,479,432	449,626	13,025	-88,850
31-Dec-2018	GBP	45,924,485	-2,897,990	22,270	550,317	-2,347,673
31-Dec-2017	GBP	50,277,796	-931,906	22,270	175,855	-778,321

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	GBP	1,315,288	11,657,697	5,531,602	7,000,000	5,027,000	-2,837,767	2,189,233
31-Dec-2018	GBP	1,081,114	16,346,595	10,786,739	7,000,000	5,027,000	-3,185,518	1,841,482
31-Dec-2017	GBP	337,092	17,894,218	13,175,586	7,000,000	2,027,000	-837,838	1,189,162

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2018	GBP	59.68%	3,000,000	2,027,000	5,027,000	9,817,897

* 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)
Resigned	Jagdeep KAUR	25 Feb 2016	14 Jul 2017			0 - 1
Resigned	Hamish Terence Kinnear BROWN	22 Aug 2002	25 Feb 2016	Accountant	British	0 - 7
Resigned	Jacquetta Clare LAWTON	02 Feb 1995	08 Jan 2002			0 - 2
Resigned	James William VERDON		02 Feb 1995			0 - 5

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Sajid MOHAMMED	31 May 2021		Director	British	1 - 0	0 (0.0%)
Active	Ian Duncan BELL	31 May 2021		Director	South African	4 - 0	0 (0.0%)
Active	David Stephen SHER	20 Dec 2017		Managing Director	British	24 - 2	1 (3.8%)
Resigned	Andrew John KING	25 Feb 2016	28 Sep 2018	Business Development	British	2 - 10	1 (8.3%)
Resigned	Nicholas THORNE	03 Sep 2013	02 Jun 2016	Mechanical Engineer	British	0 - 8	1 (12.5%)
Resigned	James Robert WILKINSON	11 Jul 2008	24 Jul 2012	Operations Director	British	1 - 1	0 (0.0%)
Resigned	Michael Henry IBBERSON	01 Nov 2001	10 Jan 2011	Sales Director	British	0 - 3	0 (0.0%)
Resigned	Michael Steven OPPENHEIMER	01 Feb 2000	10 Jul 2011	Metal Trader	British	0 - 9	4 (44.4%)
Resigned	Giles Pruen ROBBINS	01 Feb 2000	04 May 2016	Engineer	British	4 - 15	4 (21.1%)
Resigned	Hamish Terence Kinnear BROWN	01 Feb 2000	31 May 2021	Management Accountant	British	1 - 11	0 (0.0%)
Resigned	Jacquetta Clare LAWTON	05 Feb 1999	08 Jan 2002	Director	British	0 - 2	0 (0.0%)
Resigned	Michael Alfred GASH	10 Dec 1997	01 Feb 2000	Finance Dir	British	2 - 33	29 (82.9%)
Resigned	Christopher Erith DAVIES	01 Jun 1996	01 Feb 2000	Chief Executive	British	1 - 39	23 (57.5%)
Resigned	John Bernard LAWTON	12 Jun 1991	17 May 1996	Commercial Manager	British	0 - 3	1 (33.3%)
Resigned	James William VERDON		31 Jan 1999	Director	British	0 - 5	1 (20.0%)
Resigned	Ian Rodway WALKER		27 Sep 1995	Company Director	British	1 - 16	11 (64.7%)
Resigned	Stephen David MILES		31 Dec 2012	Director	British	0 - 3	0 (0.0%)
Resigned	Christopher John CLAYTON		30 Apr 1994	Company Director	British	1 - 34	13 (37.1%)
Resigned	John Leslie CUTLER		31 May 1996	Company Director	British	0 - 19	14 (73.7%)

Number of active directors: 3
Average tenure of active directors: 4.0 years
Average tenure of resigned directors: 5.1 years
Average active director Dissolution Rate: 1.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Sajid MOHAMMED	Ian Duncan BELL	David Stephen SHER
KEELING & WALKER,LIMITED (00144119) - Active			✔
BRITISH METAL CORPORATION LIMITED(THE) (00151841) - Active			✔
AMALGAMATED METAL TRADING LIMITED (00156938) - Active			✔
AMALGAMATED METAL CORPORATION PLC (00244159) - Active			✔
CONSOLIDATED TIN SMELTERS,LIMITED (00244652) - Active			✔
BRITISH AMALGAMATED METAL INVESTMENTS LIMITED (00264420) - Active			✔
AMT FUTURES LIMITED (00696733) - Active			✔
WILLIAM ROWLAND LIMITED (00853661) - Active			✔
AMALGAMATED METAL INVESTMENT HOLDINGS LIMITED (00983945) - Active			✔
THERMOX PERFORMANCE MATERIALS LIMITED (01062827) - Active			✔
MIL-VER METAL COMPANY LIMITED (01634739) - Active	✔	✔	✔
BROOKSIDE METAL COMPANY LIMITED (03059787) - Active		✔	✔
AMALGAMET LIMITED (04005599) - Active			✔
AMC GROUP LIMITED (04018234) - Active			✔
132-134 ABBEY ROAD LIMITED (04291489) - Active			✔
AMCO INVESTMENTS LIMITED (04823706) - Active			✔
HENRY GARDNER & COMPANY LIMITED (07349159) - Active			✔
OAKLAND METAL COMPANY LIMITED (08393562) - Active			✔
MEZA LTD (09559151) - Dissolved			✔
MINTOS MARKETPLACE LTD (09873687) - Active			✔
SCANMETALS (UK) LIMITED (10484811) - Active		✔	✔
AMALGAMATED METAL RECYCLING HOLDINGS LIMITED (11740090) - Active			✔
BROOKSIDE METAL TRADING LIMITED (11741850) - Active			✔
SANSING (UK) LIMITED (12020579) - Active			✔
ALUMINIUM ZERO LIMITED (13714732) - Active		✔	✔
AMC PERFORMANCE MATERIALS LIMITED (15403018) - Active			✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2018-12-31	2017-12-31	2015-12-31	2014-12-31	2013-12-31
AMALGAMATED METAL INVESTMENT HOLDINGS LIMITED	ORDINARY	5,027,000 100%	2,027,000 100%	1,027,000 100%	1,027,000 100%	1,027,000 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - 50%-75%:Mr Victor Herman Sher - active
    >75%:Amco Investments Limited (04823706 - United Kingdom) active
  >75%:Amalgamated Metal Corporation Plc (00244159 - United Kingdom) active
>75%:Amalgamated Metal Investment Holdings Limited (00983945 - United Kingdom) active

Controlling entities above

MIL-VER METAL COMPANY 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

No Patents found

COMPETITORS

(Based on Sic code: 24420 Aluminium production)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ARCONIC MANUFACTURING (GB) LIMITED	170 KITTS GREEN ROAD, KITTS GREEN, BIRMINGHAM, WEST MIDLANDS, ENGLAND, B33 9QR	00633328	2017-12-31	150,647,000	31,333,000
HYDRO ALUMINIUM DEESIDE LIMITED	BRIDGE ROAD, WREXHAM INDUSTRIAL ESTATE, WREXHAM, CLWYD, LL13 9PS	01786117	2017-12-31	67,133,885	1,395,788
AMG ALUMINUM UK LIMITED	C/O AMG, FULLERTON ROAD, ROTHERHAM, S60 1DL	08269137	2017-12-31	62,432,000	367,000
BOAL U.K. LIMITED	ASHBY ROAD EAST, SHEPSHED, LOUGHBOROUGH, LEICESTERSHIRE, LE12 9BS	02194180	2017-12-31	61,527,000	2,023,000
AVON METALS LIMITED	ASHVILLE ROAD, GLOUCESTER, GLOUCESTERSHIRE, GL2 5DA	04135396	2018-06-30	32,139,938	0	24530-Casting of light metals
LUPTON & PLACE LIMITED	NORCASTAL WORKS, ATHLETIC STREET, BURNLEY, LANCS, BB10 4LR	01605457	2018-03-31	10,140,765	0
NOVACAST LIMITED	UNIT 8 L:ANCASTER PARK, BOWERHILL, MELKSHAM, WILTS, UNITED KINGDOM, SN12 6TT	01456622	2018-03-31	3,430,136	0	24440-Copper production 24530-Casting of light metals 24540-Casting of other non-ferrous metals
MJD PRECISION ENGINEERING LIMITED	5 SUMMERHOUSE DRIVE, BEXLEY, KENT, ENGLAND, DA5 2EB	04695423	2018-03-31	52,543	0
LAMA PETROLEUM LIMITED	24 BEDFORD ROW, LONDON, UNITED KINGDOM, WC1R 4TQ	01652417	2017-12-31	5,412	0	46711-Wholesale of petroleum and petroleum products
HOWMET PRODUCTS UK LIMITED	C/O TMF GROUP, 13TH FLOOR, ONE ANGEL COURT, LONDON, UNITED KINGDOM, EC2R 7HJ	01927599	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
MIL-VER METAL COMPANY LIMITED	0.7%	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	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	0.8%	3.8%	7.5%	Medium