AXALTA COATING SYSTEMS UK LIMITED

UNIT 1 QUADRANT PARK, MUNDELLS, WELWYN GARDEN CITY, HERTFORDSHIRE, AL7 1FS

Previous name: DUPONT PERFORMANCE COATINGS (U.K.) LIMITED (changed on 31-May-2013)

Company Number: 02238419
Incorporation date: 31-Mar-1988
Status: Active
Entity type: Private Limited Company

SIC codes:
20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants





SUMMARY

This company is 36 years old and is currently active. It is controlled by Axalta Coating Systems Uk Holding Limited. The company has positive equity (net assets) of GBP 1.9 billion which has increased from GBP 1.9 billion in the previous year. The latest reported revenue figure is GBP 49.5 million which is up 20% on previous year's figure of GBP 41 million. The company has 2 active officers (directors or partners) who are or were officers of 22 other companies. 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-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-2022 GBP 49,495,000 320,000 43,545,000 73,000 362,000 43,430,000
31-Dec-2021 GBP 40,994,000 158,000 85,352,000 2,000 84,000 85,424,000
31-Dec-2019 GBP 71,997,000
31-Dec-2018 GBP 48,163,000 2,704,000 482,000 1,000 209,000 2,976,000
31-Dec-2017 GBP 47,347,000 4,164,000 345,000 222,000 1,261,000 5,548,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2022 GBP 3,824,000 93,069,000 21,153,000 58,164,000 63,188,000 1,800,922,000 1,922,274,000
31-Dec-2021 GBP 7,413,000 36,821,000 11,079,000 58,164,000 1,799,265,000 1,857,429,000
31-Dec-2020 GBP 58,164,000 1,827,725,000 -29,109,000 1,856,780,000
31-Dec-2019 GBP 14,942,000 15,505,000 58,164,000 -28,890,000
31-Dec-2018 GBP 3,245,000 37,854,000 12,531,000 58,164,000 -30,584,000 27,580,000
31-Dec-2017 GBP 2,825,000 34,184,000 11,543,000 58,164,000 -32,661,000 25,503,000

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)
Active James Ian BLENKINSOPP 20 Mar 2013 29 Mar 2024 1 - 0
Resigned Andrew BAKER 06 Oct 2005 24 Jan 2013 British 0 - 44
Resigned Sarah Frances CLEMENTS 28 Feb 2001 06 Oct 2005 0 - 31
Resigned David Charles EVELEIGH 15 Mar 1999 28 Feb 2001 0 - 45
Resigned Janice Kathleen May LEIPER 18 Apr 1996 15 Mar 1999 0 - 7
Resigned Patricia Anne TURTON 11 Feb 1994 18 Apr 1996 0 - 12
Resigned Joseph Paul WISNIEWSKI 11 Feb 1994 0 - 4

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Farrell DOLAN 24 Jun 2019 Managing Director British 13 - 91 (4.5%)
Active James Ian BLENKINSOPP 24 Jan 2013 Business Analyst/Controller British 4 - 00 (0.0%)
Resigned Michael Keith DAVIS 24 Jan 2013 24 Jun 2019 Sales Manager British 0 - 60 (0.0%)
Resigned Adrian Paul GOUGH 31 Jan 2008 24 Jan 2013 Director British 0 - 2412 (50.0%)
Resigned Andrew BAKER 03 Aug 2004 24 Jan 2013 Director British 0 - 4423 (52.3%)
Resigned George Barry Richard KNIGHT 16 Dec 1999 30 May 2002 Director British 0 - 42 (50.0%)
Resigned Michael John TAYLOR 16 Dec 1999 31 Jan 2008 Director Of Personnel British 0 - 148 (57.1%)
Resigned Brian Leslie BELLAMY 01 Apr 1997 10 Oct 1998 Director British 0 - 31 (33.3%)
Resigned Patricia Anne TURTON 11 Feb 1994 31 Mar 1996 Company Secretary/Legal Adviso British 0 - 122 (16.7%)
Resigned Joseph Linton PEARSON 03 Aug 2004 Company Official English 0 - 74 (57.1%)
Resigned John Robert EDWARDS 17 Dec 1992 Company Official British 1 - 32 (50.0%)
Number of active directors: 2
Average tenure of active directors: 8.0 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 2.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
FOUR OAKS ESTATE LIMITED (00224411) - Active
U-POL LIMITED (00464919) - Active
PLASCOAT SYSTEMS LIMITED (00514584) - Active
BRITISH COATINGS FEDERATION LIMITED (00745398) - Active
PLASCOAT HOLDINGS LIMITED (00931836) - Active
AXALTA POWDER COATING SYSTEMS UK LIMITED (01074133) - Active
AXALTA COATING SYSTEMS UK LIMITED (02238419) - Active
U-POL PRODUCTS LIMITED (04512086) - Active
U-POL BOND LIMITED (05569397) - Active
U-POL ACQUISITION LIMITED (05569424) - Active
U-POL MEZZANINE LIMITED (05569425) - Active
AXALTA COATING SYSTEMS TEWKESBURY UK LIMITED (05892338) - Active
U-POL HOLDINGS LIMITED (07330142) - Active
U-POL FINCO LIMITED (07330274) - Active
U-POL BIDCO LIMITED (07330406) - Active
AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED (07997189) - Active
THE INDEPENDENT COATINGS GROUP LIMITED (07997201) - Active
KELVIN WAY PROPERTIES LIMITED (08001321) - Active - Proposal to Strike off
AXALTA COATING SYSTEMS UK HOLDING LIMITED (08330148) - Active
AXALTA COATING SYSTEMS U.K. (2) LIMITED (08813062) - Active
PEARL BISON LIMITED (11502264) - Active
AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED (SC007479) - Active
SPENCER COATINGS GROUP LIMITED (SC123258) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-09-302014-09-302013-09-302012-09-302011-09-30
AXALTA COATING SYSTEMS UK HOLDING LIMITEDORDINARY58,164,294
100%
58,164,294
100%
58,164,294
100%
0
0%
0
0%
DU PONT UK LIMITEDORDINARY0
0%
0
0%
0
0%
58,164,000
100%
58,164,000
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2021-03-16
AXALTA COATING SYSTEMS UK LIMITEDORDINARY31,580
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

AXALTA COATING SYSTEMS UK LIMITED

no controlled companies

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
2021-01-01 2021-06-30 68 60% 31% 47332
2020-07-01 2020-12-31 72 63% 71% 42384
2020-01-01 2020-06-30 63 52% 28% 33256
2019-07-01 2019-12-31 54 33% 25% 28936
2019-01-01 2019-06-30 59 34% 28% 18762
2018-07-01 2018-12-31 53 37% 26% 18756
2018-01-02 2018-06-30 42 20% 41% 18672


COURT CASES


Date Title Reference Subject
2017-11-24 Mrs S Sterling v Axalta Coating Systems UK Ltd [2017] UKET 3328358/2017 Breach of Contract : Unfair Dismissal : Unlawful Deduction from Wages

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
3M UNITED KINGDOM PUBLIC LIMITED COMPANY 3M CENTRE, CAIN ROAD, BRACKNELL, BERKSHIRE, RG12 8HT 01123045 2017-12-31 841,568,000 20,438,000 23910-Production of abrasive products
32990-Other manufacturing not elsewhere classified
PPG ARCHITECTURAL COATINGS UK LIMITED PPG ARCHITECTURAL COATINGS UK LIMITED HUDDERSFIELD ROAD, BIRSTALL, BATLEY, WEST YORKSHIRE, WF17 9XA 00436135 2017-12-31 244,691,000 34,226,000
CROWN PAINTS LIMITED CROWN HOUSE, HOLLINS ROAD, DARWEN, LANCASHIRE, BB3 0BG 06624576 2017-12-31 164,603,000 7,963,000
JOTUN PAINTS (EUROPE) LIMITED JOTUN PAINTS (EUROPE) LTD, STATHER ROAD, FLIXBOROUGH, SCUNTHORPE, NORTH LINCS, DN15 8RR 00925019 2018-12-31 139,931,000 -5,332,000
SHERWIN-WILLIAMS DIVERSIFIED BRANDS LIMITED AVENUE ONE, STATION LANE, WITNEY, OXFORDSHIRE, UNITED KINGDOM, OX28 4XR 02968830 2017-12-31 92,056,848 -13,008,860 20590-Manufacture of other chemical products not elsewhere classified
TREMCO ILLBRUCK LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 00251311 2018-05-31 66,036,682 4,359,562 20590-Manufacture of other chemical products not elsewhere classified
TOR COATINGS LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 04503854 2018-05-31 58,513,153 8,254,868
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 00893081 2017-12-31 56,683,843 2,307,987
U-POL LIMITED U-POL TECH CENTRE DENINGTON ROAD, DENINGTON INDUSTRIAL ESTATE, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 2QH 00464919 2017-12-31 51,999,000 5,705,000 20590-Manufacture of other chemical products not elsewhere classified
BROWN BROTHERS DISTRIBUTION LIMITED NEEDHAM ROAD, STOWMARKET, SUFFOLK, UNITED KINGDOM, IP14 2AD 01438525 2017-12-31 47,993,213 3,396,840 46900-Non-specialised wholesale trade
EFTEC LIMITED TREHERBERT ROAD, RHIGOS, ABERDARE, MID GLAMORGAN, CF44 9UE 01406940 2017-12-31 29,139,000 0
VALSPAR POWDER COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 02849106 2017-12-31 23,688,213 -5,276,774
SHERWIN-WILLIAMS UK COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 07148590 2017-12-31 21,230,083 -1,555,083
PJ COLOURS LIMITED THE GLADES FESTIVAL WAY, FESTIVAL PARK, STOKE-ON-TRENT, ST1 5SQ 03479538 2018-04-30 12,859,192 0
HI-TECH COATINGS INTERNATIONAL LIMITED 3RD FLOOR, 1 ASHLEY ROAD, ALTRINCHAM, CHESHIRE, UNITED KINGDOM, WA14 2DT 04386890 2018-03-31 10,816,020 0
QUEST CONSTRUCTION PRODUCTS UK LTD UNITS 1 & 2, ELDON WAY, BIGGLESWADE, BEDFORDSHIRE, ENGLAND, SG18 8NH 09437729 2017-12-31 2,410,462 0
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 314,445
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 0
WINDRIDGE COATINGS LIMITED 424 MARGATE ROAD, WESTWOOD, RAMSGATE, KENT, ENGLAND, CT12 6SJ 03182385 2018-04-05 471,557 0
INDUSTRIAL PROTECTIVE COATINGS LIMITED 15 JASMINE ROAD, GREAT BRIDGEFORD, STAFFORD, UNITED KINGDOM, ST18 9PT 10578245 2019-01-31 26,058 0
SURFACE COATING INGREDIENTS LIMITED 23 CHURCH STREET, RICKMANSWORTH, HERTFORDSHIRE, WD3 1DE 06785080 2018-01-31 14,112 0
SHREWD MOVES LTD A SEED, 54, WOOD STREET, LYTHAM ST. ANNES, UNITED KINGDOM, FY8 1QG 08925745 2018-03-31 4,250 0
INVER UK LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 06707425 2018-12-31 0 0
HMG PAINTS LIMITED RIVERSIDE WORKS, COLLYHURST ROAD, MANCHESTER, M40 7RU 00669551 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
AXALTA COATING SYSTEMS UK 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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