Do you have a dispute with a business?
Make it public
FALTEC EUROPE LIMITED
UNIT 4 INTERNATIONAL DRIVE, IAMP, SUNDERLAND, TYNE AND WEAR, SR5 3FHPrevious 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-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 | 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 |
** 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 | 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 - 1 | 0 (0.0%) | |
Active | Takeshi MIYAMOTO | 01 May 2022 | Director | Japanese | 1 - 0 | 0 (0.0%) | |
Resigned | Steven Ian TYSON | 07 May 2020 | 30 Sep 2022 | Director | British | 1 - 2 | 0 (0.0%) |
Resigned | Takayuki FURUUCHI | 01 Nov 2017 | 01 May 2022 | Managing Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Jiro SONODA | 01 Jan 2016 | 19 Oct 2017 | Managing Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Keith WAKLEY | 01 Jan 2016 | 14 Feb 2020 | Deputy Managing Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Hiroshi KATO | 23 Apr 2015 | 29 Jan 2016 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Christopher Roy PENNISON | 24 Sep 2012 | 29 Jan 2016 | Managing Director | British | 4 - 8 | 3 (25.0%) |
Resigned | David KUTA | 20 Sep 2012 | 01 Apr 2014 | Consultant | American | 0 - 1 | 0 (0.0%) |
Resigned | Takayuki FURUUCHI | 01 Apr 2011 | 23 Oct 2013 | None | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Tatsuro SATOH | 01 Apr 2011 | 23 Apr 2015 | None | Japanese | 0 - 1 | 0 (0.0%) |
Active | Toshiyuki TANAKA | 01 Apr 2010 | Chairman | Japanese | 1 - 0 | 0 (0.0%) | |
Resigned | Masahiko TSUCHIYA | 01 Apr 2010 | 31 Mar 2012 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Yoshiyuki YONEMOTO | 01 Apr 2009 | 31 Mar 2011 | Director | Japanese | 0 - 2 | 1 (50.0%) |
Resigned | Kiminori ISHII | 10 Jun 2008 | 01 Apr 2010 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Christopher ROBINSON | 01 Jan 2008 | 12 Jan 2012 | Director | British | 0 - 4 | 0 (0.0%) |
Resigned | Hideki YOKOYAMA | 01 Oct 2005 | 31 Mar 2009 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Yoshitaka SHIMADA | 14 Jun 2004 | 01 Jan 2008 | Non Executive Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Kaoru KIMURA | 01 Jul 2003 | 01 Oct 2005 | Managing Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Hiromi INAGE | 01 Jul 2003 | 31 Aug 2004 | Managing Director Automotive I | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Ken TATSUTA | 23 Jul 2001 | 28 Jun 2004 | Managing Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Makoto TAKAKUSU | 24 Jul 2000 | 23 Jul 2001 | Managing Manager | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Tadahiro SHIOMI | 29 Jun 1998 | 30 Jun 2003 | Managing Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Michio MIYAKAWA | 26 Jun 1998 | 24 Jul 2000 | Managing Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Kunio TODA | 26 Jun 1998 | 28 Jun 2004 | President | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Takao SHIBASAKI | 17 Jun 1998 | 31 Dec 2002 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Makoto TAKAKUSU | 14 Oct 1997 | 26 Jun 1998 | Managing Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Kobayashi ICHIZO | 15 Jun 1993 | 27 Jun 1997 | Director | Japan | 0 - 1 | 0 (0.0%) |
Resigned | Minoru TAKEI | 14 Feb 1992 | 15 Jun 1993 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Sumio HIRAMOTO | 14 Feb 1992 | Director | Japanese | 0 - 1 | 0 (0.0%) | |
Resigned | Peter Riddle ALLAN | 19 Apr 1993 | Solicitor | British | 0 - 29 | 20 (69.0%) | |
Resigned | Hitoshi ARIMITSU | 26 Jun 1998 | Director | Japanese | 0 - 1 | 0 (0.0%) | |
Resigned | John Nicholas JAMES | 19 Apr 1993 | Solicitor | British | 0 - 8 | 1 (12.5%) | |
Resigned | Seigo OHKI | 26 Jun 1998 | Director | Japanese | 0 - 1 | 0 (0.0%) |
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 | ||||
---|---|---|---|---|---|---|
2019-12-31 | 2017-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | ||
FALTEC COLTD | ORDINARY | 59,900,000 100% | 47,900,000 100% | 0 0% | 0 0% | 0 0% |
FALTEC CO LTD | ORDINARY | 0 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 |