FALTEC EUROPE LIMITED

UNIT 4 INTERNATIONAL DRIVE, IAMP, SUNDERLAND, TYNE AND WEAR, SR5 3FH

Previous name: HASHIMOTO LIMITED (changed on 01-Nov-2012)

Company Number: 02385379
Incorporation date: 17-May-1989
Status: Active
Entity type: Private Limited Company

SIC codes:
29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)





SUMMARY

This company is 34.9 years old and is currently active. It is controlled by Faltec Co Ltd. The company has negative equity (net assets) of GBP -4.6 million which has worsened since the previous year's figure of GBP 267.7 thousand. The latest reported revenue figure is GBP 30 million which is down -20% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -64.5 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 5 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-2019 GBP 30,048,935 -12,356,132 12,735 424,699 -12,768,096
31-Dec-2018 GBP 37,456,396 -4,143,042 578,754 -4,721,796
31-Dec-2017 GBP 36,400,375 -7,682,547 524,681 -8,207,228


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 4,594,657 15,602,675 25,903,457 59,900,000 -64,450,371 -4,550,371
31-Dec-2018 GBP 2,078,954 12,887,397 14,003,183 47,900,000 -47,632,275 267,725
31-Dec-2017 GBP 2,290,370 13,747,247 5,889,941 47,900,000 -41,867,479 6,032,521

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP 20.03% 12,000,000 47,900,000 59,900,000 50,563,195
* 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 Alice Hermione Laura AMBROSE-THURMAN 21 Feb 2020 28 Mar 2024 1 - 0
Resigned WARD HADAWAY COMPANY SECRETARIAL SERVICES LIMITED 05 Dec 2003 21 Feb 2020 3 - 217
Resigned Peter Riddle ALLAN 08 Jan 1997 05 Dec 2003 0 - 29
Resigned John Nicholas JAMES 19 Apr 1993 08 Jan 1997 0 - 8
Resigned Peter Riddle ALLAN 19 Apr 1993 0 - 29

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Alice Hermione Laura AMBROSE-THURMAN 01 Jun 2022 Director And Company Secretary British 5 - 10 (0.0%)
Active Takeshi MIYAMOTO 01 May 2022 Director Japanese 1 - 00 (0.0%)
Resigned Steven Ian TYSON 07 May 2020 30 Sep 2022 Director British 1 - 20 (0.0%)
Resigned Takayuki FURUUCHI 01 Nov 2017 01 May 2022 Managing Director Japanese 0 - 20 (0.0%)
Resigned Jiro SONODA 01 Jan 2016 19 Oct 2017 Managing Director Japanese 0 - 10 (0.0%)
Resigned Keith WAKLEY 01 Jan 2016 14 Feb 2020 Deputy Managing Director British 0 - 10 (0.0%)
Resigned Hiroshi KATO 23 Apr 2015 29 Jan 2016 Director Japanese 0 - 10 (0.0%)
Resigned Christopher Roy PENNISON 24 Sep 2012 29 Jan 2016 Managing Director British 4 - 83 (25.0%)
Resigned David KUTA 20 Sep 2012 01 Apr 2014 Consultant American 0 - 10 (0.0%)
Resigned Takayuki FURUUCHI 01 Apr 2011 23 Oct 2013 None Japanese 0 - 20 (0.0%)
Resigned Tatsuro SATOH 01 Apr 2011 23 Apr 2015 None Japanese 0 - 10 (0.0%)
Active Toshiyuki TANAKA 01 Apr 2010 Chairman Japanese 1 - 00 (0.0%)
Resigned Masahiko TSUCHIYA 01 Apr 2010 31 Mar 2012 Director Japanese 0 - 10 (0.0%)
Resigned Yoshiyuki YONEMOTO 01 Apr 2009 31 Mar 2011 Director Japanese 0 - 21 (50.0%)
Resigned Kiminori ISHII 10 Jun 2008 01 Apr 2010 Director Japanese 0 - 10 (0.0%)
Resigned Christopher ROBINSON 01 Jan 2008 12 Jan 2012 Director British 0 - 40 (0.0%)
Resigned Hideki YOKOYAMA 01 Oct 2005 31 Mar 2009 Director Japanese 0 - 10 (0.0%)
Resigned Yoshitaka SHIMADA 14 Jun 2004 01 Jan 2008 Non Executive Director Japanese 0 - 10 (0.0%)
Resigned Kaoru KIMURA 01 Jul 2003 01 Oct 2005 Managing Director British 0 - 10 (0.0%)
Resigned Hiromi INAGE 01 Jul 2003 31 Aug 2004 Managing Director Automotive I Japanese 0 - 10 (0.0%)
Resigned Ken TATSUTA 23 Jul 2001 28 Jun 2004 Managing Director Japanese 0 - 10 (0.0%)
Resigned Makoto TAKAKUSU 24 Jul 2000 23 Jul 2001 Managing Manager Japanese 0 - 20 (0.0%)
Resigned Tadahiro SHIOMI 29 Jun 1998 30 Jun 2003 Managing Director Japanese 0 - 10 (0.0%)
Resigned Michio MIYAKAWA 26 Jun 1998 24 Jul 2000 Managing Director Japanese 0 - 10 (0.0%)
Resigned Kunio TODA 26 Jun 1998 28 Jun 2004 President Japanese 0 - 10 (0.0%)
Resigned Takao SHIBASAKI 17 Jun 1998 31 Dec 2002 Director Japanese 0 - 10 (0.0%)
Resigned Makoto TAKAKUSU 14 Oct 1997 26 Jun 1998 Managing Director Japanese 0 - 20 (0.0%)
Resigned Kobayashi ICHIZO 15 Jun 1993 27 Jun 1997 Director Japan 0 - 10 (0.0%)
Resigned Minoru TAKEI 14 Feb 1992 15 Jun 1993 Director Japanese 0 - 10 (0.0%)
Resigned Sumio HIRAMOTO 14 Feb 1992 Director Japanese 0 - 10 (0.0%)
Resigned Peter Riddle ALLAN 19 Apr 1993 Solicitor British 0 - 2920 (69.0%)
Resigned Hitoshi ARIMITSU 26 Jun 1998 Director Japanese 0 - 10 (0.0%)
Resigned John Nicholas JAMES 19 Apr 1993 Solicitor British 0 - 81 (12.5%)
Resigned Seigo OHKI 26 Jun 1998 Director Japanese 0 - 10 (0.0%)
Number of active directors: 3
Average tenure of active directors: 5.9 years
Average tenure of resigned directors: 2.4 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
NORTHERN HOMES AND ESTATES LIMITED (00282391) - Active
WILLIAM LEECH (INVESTMENTS) LIMITED (00518571) - Active
WILLIAM LEECH FOUNDATION LIMITED(THE) (00664118) - Active
FALTEC EUROPE LIMITED (02385379) - Active
BRIGHTER ACADEMY TRUST (08557883) - Active
BRIARSIDE SERVICES LIMITED (13658688) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-12-312017-12-312015-12-312014-12-312013-12-31
FALTEC COLTDORDINARY59,900,000
100%
47,900,000
100%
0
0%
0
0%
0
0%
FALTEC CO LTDORDINARY0
0%
0
0%
11,900,000
100%
11,900,000
100%
11,900,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

FALTEC EUROPE 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


Date Title Reference Subject
2017-04-11 Mr G Harrison v Faltec Europe Ltd and others: [2017] UKET 2501142/2016 Age Discrimination : Disability Discrimination : Sexual Orientation Discrimination/Transexualism

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans))

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
STADCO LIMITED STADCO LIMITED QUEENSWAY, HORTONWOOD, TELFORD, SHROPSHIRE, ENGLAND, TF1 7LL 00008614 2017-12-31 232,042,000 14,477,000
SWINDON PRESSINGS LIMITED COMPANY SECRETARY, SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, HAMPSHIRE, GU14 0FB 03950873 2018-12-31 193,810,000 6,940,000
WRIGHTBUS LIMITED C/O DELOITTE (NI) LIMITED LINCOLN BUILDING, 27-45 GREAT VICTORIA STREET, BELFAST, BT2 7AQ NI006119 2017-12-31 181,329,458 4,663,958
G-TEKT EUROPE MANUFACTURING LIMITED GLOUCESTER BUSINESS PARK, GOLF CLUB LANE, BROCKWORTH, GLOUCESTER, GLOUCESTERSHIRE, GL3 4AJ 03249892 2018-03-31 106,600,000 13,661,000
ERWIN HYMER GROUP UK LTD EXPLORER HOUSE, DELVES LANE, CONSETT, COUNTY DURHAM, DH8 7PE 02433663 2017-08-31 79,077,083 2,115,741 29203-Manufacture of caravans
MAROD LTD CABERFEIDH, CLOCH ROAD, GOUROCK, INVERCLYDE, PA19 1BA SC377344 2018-04-30 128,302 0 30990-Manufacture of other transport equipment not elsewhere classified
69201-Accounting and auditing activities
D.C.A. DESIGNS LIMITED 23 COOMBE PARK ROAD, BINLEY, COVENTRY, CV3 2NW 05989566 2017-10-31 73,153 0
ALLESCLAY DESIGN LTD OLD HOUSE LLIDIARTYWAUN, LLANIDLOES, POWYS, SY18 6JU 08072768 2017-05-31 59,835 0
7HE LTD 5 JUPITER HOUSE, CALLEVA PARK ALDERMASTON, READING, BERKSHIRE, RG7 8NN 08712980 2018-10-31 48,922 0 29202-Manufacture of trailers and semi-trailers
62012-Business and domestic software development
62020-Information technology consultancy activities
AUTOFIX KRIS LTD 82 GRANGEMOUTH ROAD, COVENTRY, UNITED KINGDOM, CV6 3FB 09742251 2018-08-31 34,156 0
R JUKES LIMITED 64 64 SILVER BIRCH ROAD, BIRMINGHAM, WEST MIDLANDS, UNITED KINGDOM, B37 6AA 10227973 2018-06-29 29,413 0
COMPOSITE SUSPENSIONS LIMITED 9 HEATHWOOD CLOSE, YATELEY, HAMPSHIRE, GU46 7TP 02638923 2018-08-31 1,001 0
THE BRISTOL CAMPER COMPANY LIMITED PEARTREE INDUSTRIAL ESTATE BATH ROAD, LANGFORD, BRISTOL, ENGLAND, BS40 5DJ 09131106 2018-03-31 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
FALTEC EUROPE 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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