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VEETEE RICE LIMITED

VEETEE HOUSE, NEPTUNE CLOSE, MEDWAY CITY ESTATE, ROCHESTER KENT, ME2 4LT

Company Number: 02009019
Incorporation date: 10-Apr-1986
Status: Active
Entity type: Private Limited Company

SIC codes:
10611 Grain milling





SUMMARY

This company is 38.1 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 26.6 million which has increased from GBP 25 million in the previous year. The latest reported revenue figure is GBP 82.8 million which is up 10% on previous year's figure of GBP 73.4 million. The company has 4 active officers (directors or partners) who are or were officers of 7 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 Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 82,813,891 3,273,656 936,697 430,051 1,906,908
31-Dec-2018 GBP 73,366,366 2,138,616 631,502 408,781 1,098,333
31-Dec-2017 GBP 66,800,456 2,851,371 634,007 471,421 1,745,943


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 379,603 43,210,912 26,224,538 5,000,000 21,614,940 26,614,940
31-Dec-2018 GBP 429,874 52,505,460 37,953,530 5,000,000 19,977,842 24,977,842
31-Dec-2017 GBP 143,317 55,336,801 39,819,463 5,000,000 18,772,429 23,772,429

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 Ashish, Mr. SURVE 26 Apr 2022 06 Jul 2022 0 - 1
Resigned Shashi Prakash SURANA 01 Jun 2007 26 Apr 2022 British 0 - 13
Resigned Davinder Kumar NARANG 15 Apr 2005 01 Jun 2007 Indian 0 - 12
Resigned Ashish SURVE 08 Aug 2003 15 Apr 2005 0 - 4
Resigned Krishan ATTAWAR 14 May 1997 08 Aug 2003 British 0 - 8
Resigned Dinesh PATEL 23 Apr 1993 31 Mar 1997 British 0 - 8
Resigned Dharamvir Singh MATA 23 Apr 1993 British 0 - 4

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)		 Dissolved companies
(rate)
Active Ashish Madhukar SURVE 26 Apr 2022 Group Finance Director British 2 - 00 (0.0%)
Active Shubha Devi VARMA 05 Dec 2019 Business Executive British 2 - 00 (0.0%)
Resigned Vikas MAGOON 12 Apr 2018 05 Dec 2019 Company Executive British 0 - 20 (0.0%)
Resigned Shashi Prakash SURANA 12 Apr 2018 26 Apr 2022 Company Executive British 0 - 130 (0.0%)
Resigned Isam Majid Abdullatif AL-MUHAIDEB 31 Dec 2013 08 Oct 2015 Company Director United Arab Emirates 0 - 10 (0.0%)
Active Rajiv VARMA 17 Apr 2013 Company Director British 3 - 00 (0.0%)
Resigned Michael David MORGAN 01 Oct 1998 15 Nov 1999 Company Director British 0 - 52 (40.0%)
Resigned Essam AL MUHAIDIB 15 Mar 1996 08 Oct 2015 Director Saudi Arabian 0 - 10 (0.0%)
Resigned Talikulam MAHOMMAD 05 May 1993 15 Mar 1996 Manager Indian 0 - 10 (0.0%)
Active Manmohan Chander VARMA Company Director British 5 - 11 (16.7%)
Number of active directors: 4
Average tenure of active directors: 4.3 years
Average tenure of resigned directors: 5.2 years
Average active director Dissolution Rate: 4.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
  
INGLEMAY LIMITED (01549886) - Active ✔
VEETEE RICE LIMITED (02009019) - Active ✔✔✔✔
VALMORE PAINTS (U.K.) LIMITED (02765528) - Active - Proposal to Strike off ✔
LOCATE IN KENT LIMITED (03230721) - Active ✔
TOWNGATE PROPERTIES LIMITED (04729600) - Active ✔✔
VEETEE FOODS LIMITED (05569652) - Active ✔✔
TWENTY GROSVENOR SQUARE MANAGEMENT COMPANY LIMITED (09463638) - Active ✔
SURVE INVESTMENTS LTD (13563927) - Active ✔

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-08-232014-08-232013-08-232012-08-232011-08-23
VEETEE INVESTMENTS CORPORATIONORDINARY4,999,999
100.0%		4,999,999
100.0%		4,999,999
100.0%		4,999,999
100.0%		4,999,999
100.0%
M.C. VARMAORDINARY1
0.000%		1
0.000%		1
0.000%		1
0.000%		1
0.000%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

VEETEE RICE 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: 10611 Grain milling)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
PREMIER FOODS GROUP LIMITED PREMIER HOUSE, CENTRIUM BUSINESS PARK, GRIFFITHS WAY, ST. ALBANS, HERTFORDSHIRE, AL1 2RE 00281728 2018-03-31 779,500,000 -42,300,000 10710-Manufacture of bread; manufacture of fresh pastry goods and cakes
10730-Manufacture of macaroni, noodles, couscous and similar farinaceous products
10890-Manufacture of other food products not elsewhere classified
WHITWORTH BROS.LIMITED VICTORIA MILLS, WELLINGBOROUGH, NORTHAMPTON, NN8 2DT 00465899 2018-03-31 238,729,000 6,457,000
RANK HOVIS MILLING LIMITED THE LORD RANK CENTRE, LINCOLN ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE, UNITED KINGDOM, HP12 3QS 09352305 2017-12-31 213,380,000 -8,002,000
ADM MILLING LIMITED CHURCH MANORWAY, ERITH, KENT, UNITED KINGDOM, DA8 1DL 02445197 2017-12-31 194,627,265 -2,051,321
MORNING FOODS,LIMITED NORTH WESTERN MILLS, GRESTY ROAD, CREWE, CHESHIRE, CW2 6HP 00375854 2017-07-31 140,114,976 3,075,042
HEYGATES LIMITED BUGBROOKE MILLS, BUGBROOKE, NORTHAMPTON, NN7 3QH 00603238 2018-03-31 134,851,990 -1,806,938
S&B HERBA FOODS LIMITED CENTRAL COURT 2ND FLOOR, NORTH BLOCK, 1B KNOLL RISE, ORPINGTON, KENT, BR6 0JA 00156737 2017-12-31 90,293,000 3,169,000
CARR'S FLOUR MILLS LIMITED VICTORIA MILLS, LONDON ROAD, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 2DT 00480341 2018-03-31 81,666,000 1,776,000
RICHARDSON MILLING (UK) LIMITED MILE ROAD, BEDFORD, BEDFORDSHIRE, MK42 9TB 01789282 2017-12-31 53,854,941 0
WM. NELSTROP & CO. LTD ALBION FLOUR MILLS, STOCKPORT, SK4 1TZ 00260082 2018-03-31 47,969,734 558,412
G.R.WRIGHT & SONS LIMITED HARLOW MILL THE PINNACLES, ROYDON ROAD, HARLOW, ESSEX, ENGLAND, CM19 5GH 00129755 2017-12-31 43,330,724 3,570,167
DOVES FARM FOODS LIMITED DOVES FARM FOODS LTD, SALISBURY, ROAD, HUNGERFORD, BERKSHIRE, RG17 0RF 02301391 2017-06-30 17,206,813 0 10720-Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes

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
VEETEE RICE LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% 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
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