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TITAN STEEL WHEELS LIMITED
BRIDGE ROAD, COOKLEY, NEAR KIDDERMINSTER, WORCESTERSHIRE, DY10 3SDCompany Number: 02593559
Incorporation date: 20-Mar-1991
Status: Active
Entity type: Private Limited Company
SIC codes:
24330 Cold forming or folding
SUMMARY
This company is 33.6 years old and is currently active. It is controlled by Titan Europe Limited. The company has positive equity (net assets) of GBP 25.1 million which has increased from GBP 23.5 million in the previous year. The latest reported revenue figure is GBP 39.9 million which is up 998550% on previous year's figure of GBP 4 thousand. The company has 2 active officers (directors or partners) who are or were officers of 2 other companies. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2025Accounts Filed: FULL (31-Dec-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Dec-2018 | GBP | 39,946,000 | 1,906,000 | 56,000 | 315,000 | 1,549,000 | |
| 31-Dec-2017 | GBP | 4,000 | 5,000 | 9,000 | 310,000 | 1,322,000 | |
| 31-Dec-2016 | GBP | 27,539,000 | 695,000 | 35,000 | 196,000 | 496,000 | |
| 31-Dec-2015 | GBP | 31,485,000 | 1,574,000 | 1,000 | 38,000 | 341,000 | 1,196,000 |
| 31-Dec-2014 | GBP | 30,869,000 | 2,170,000 | 98,000 | 45,000 | 669,000 | 1,554,000 |
| 31-Dec-2013 | GBP | 34,503,000 | 3,069,000 | 240,000 | 44,000 | 818,000 | 2,447,000 |
| 31-Dec-2012 | GBP | 39,313,000 | 4,325,000 | 1,276,000 | 3,184,000 | ||
| 31-Dec-2011 | GBP | 39,223,000 | 4,498,000 | 1,205,000 | 3,296,000 | ||
| 31-Dec-2010 | GBP | 26,508,000 | 2,276,000 | 39,000 | 621,000 | 1,616,000 | |
| 31-Dec-2009 | GBP | 17,150,000 | -4,518,000 | 156,000 | 1,183,000 | -3,491,000 | |
| 31-Dec-2008 | GBP | 42,642,000 | 3,107,000 | 195,000 | 789,000 | 2,123,000 | |
| 31-Dec-2007 | GBP | 36,475,000 | 248,000 | 172,000 | 43,000 | 716,000 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-2018 | GBP | 2,000 | 750,000 | 2,017,000 | 1,133,000 | 21,842,000 | 25,094,000 | ||
| 31-Dec-2017 | GBP | 2,000 | 750,000 | 2,017,000 | 1,133,000 | 20,288,000 | 23,545,000 | ||
| 31-Dec-2016 | GBP | 3,000 | 6,602,000 | 750,000 | 2,017,000 | 1,133,000 | 18,961,000 | 22,223,000 | |
| 31-Dec-2015 | GBP | 3,000 | 20,968,000 | 750,000 | 2,017,000 | 1,133,000 | 18,461,000 | 21,728,000 | |
| 31-Dec-2014 | GBP | 2,000 | 20,062,000 | 15,000 | 16,000 | 16,000 | 17,000 | ||
| 31-Dec-2013 | GBP | 9,345,000 | 19,269,000 | 788,000 | 2,017,000 | 1,133,000 | 15,701,000 | 18,978,000 | |
| 31-Dec-2012 | GBP | 70,824,564,000 | 1,671,217,537,000 | 5,544,000 | 788,000 | 20,172,017,000 | 11,331,133,000 | 1,324,910,060,000 | |
| 31-Dec-2011 | GBP | 4,564,000 | 17,537,000 | 8,762,000 | 1,500,000 | 2,017,000 | 1,133,000 | 10,060,000 | 13,347,000 |
| 31-Dec-2010 | GBP | 1,797,000 | 13,423,000 | 8,572,000 | 1,464,000 | 2,017,000 | 1,133,000 | 6,759,000 | 10,051,000 |
| 31-Dec-2009 | GBP | 1,886,000 | 9,307,000 | 7,105,000 | 1,545,000 | 2,017,000 | 1,133,000 | 5,138,000 | 8,435,000 |
| 31-Dec-2008 | GBP | 2,663,000 | 19,329,000 | 14,388,000 | 1,752,000 | 2,017,000 | 1,133,000 | 8,624,000 | 11,926,000 |
| 31-Dec-2007 | GBP | 4,807,000 | 21,055,000 | 13,708,000 | 1,780,000 | 2,017,000 | 1,133,000 | 7,696,000 | 11,003,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Dec-2015 | GBP | 99.26% | 3,119,000 | 23,369 | 3,142,369 | 1,955,369 |
| 31-Dec-2014 | GBP | -13,346.67% | -3,119,000 | 3,142,369 | 23,369 | -2,696,631 |
| 31-Dec-2013 | GBP | -1,000,000.00% | -31,500,000,000 | 31,503,150,000 | 3,150,000 | -19,663,016,500 |
| 31-Dec-2012 | GBP | 99.99% | 31,500,000,000 | 3,150,000 | 31,503,150,000 | -19,660,270,000 |
** 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 | Alan Gilmour LOGAN | 07 Jul 2008 | 07 Oct 2024 | British | 2 - 0 | |
| Resigned | Vincent Melvyn Roosevelt WICKS | 05 Nov 1991 | 07 Jul 2008 | Director | British | 0 - 12 |
| Resigned | Klaus JUNGER | 17 Jun 1991 | 05 Nov 1991 | Company Director | German | 0 - 2 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Alan Gilmour LOGAN | 31 Aug 2017 | Finance Director | British | 2 - 0 | 0 (0.0%) | |
| Resigned | Gary CHESTERTON | 05 Aug 2009 | 31 Aug 2017 | Finance Director | British | 1 - 5 | 0 (0.0%) |
| Active | Christopher Michael Benedict AKERS | 02 Jun 2008 | Managing Director | British | 3 - 0 | 0 (0.0%) | |
| Resigned | John David WHEELWRIGHT | 02 Jun 2008 | 16 Jun 2009 | Commercial Director | British | 0 - 4 | 0 (0.0%) |
| Resigned | David William YOUNG | 01 Aug 2001 | 05 Aug 2009 | Operations Manager | British | 0 - 1 | 0 (0.0%) |
| Resigned | Maurice TAYLOR | 10 Feb 1995 | 02 Jun 2008 | Director | Us Citizen | 0 - 1 | 0 (0.0%) |
| Resigned | Erwin Henry BILLIG | 10 Feb 1995 | 02 Jun 2008 | Director | British | 0 - 5 | 2 (40.0%) |
| Resigned | John Michael Anthony AKERS | 10 Feb 1995 | 02 Jun 2008 | Director | British | 1 - 13 | 2 (14.3%) |
| Resigned | Sydney Melvyn BATES | 05 Nov 1991 | 30 Jun 2001 | Company Director | British | 0 - 2 | 1 (50.0%) |
| Resigned | Vincent Melvyn Roosevelt WICKS | 05 Nov 1991 | 07 Jul 2008 | Director | British | 0 - 12 | 4 (33.3%) |
| Resigned | Gerhard KAMPER | 17 Jun 1991 | 10 Feb 1995 | Company Director | German | 0 - 1 | 0 (0.0%) |
| Resigned | Klaus JUNGER | 17 Jun 1991 | 10 Feb 1995 | Company Director | German | 0 - 2 | 0 (0.0%) |
| Resigned | INGLEBY HOLDINGS LIMITED | 20 Mar 1991 | 17 Jun 1991 | 2 - 529 | 210 (39.5%) | ||
| Resigned | INGLEBY HOLDINGS LIMITED | 20 Mar 1991 | 17 Jun 1991 | 2 - 529 | 210 (39.5%) | ||
| Resigned | Horst KOLL | 10 Feb 1995 | Company Director | German | 0 - 1 | 0 (0.0%) | |
| Resigned | John Stephen PROCTOR | 24 Jun 1999 | Operations/Engineering Director | British | 0 - 3 | 2 (66.7%) |
Average tenure of active directors: 11.7 years
Average tenure of resigned directors: 6.5 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
|||
|---|---|---|---|
| TITAN DISTRIBUTION (UK) LIMITED (02352328) - Active | ✔ | ✔ | |
| TITAN STEEL WHEELS LIMITED (02593559) - Active | ✔ | ✔ | |
| TITAN EUROPE LIMITED (03018340) - Active | ✔ |
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2016-03-20 | 2015-03-20 | 2014-03-20 | 2013-03-20 | 2012-03-20 | ||
| TITAN EUROPE PLC | ORDINARY | 2,016,669 72.9% | 2,016,669 72.9% | 2,016,669 72.9% | 2,016,669 72.9% | 2,016,669 72.9% |
| TITAN EUROPE PLC | PREFERENCE | 750,000 27.1% | 750,000 27.1% | 750,000 27.1% | 750,000 27.1% | 750,000 27.1% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
TITAN STEEL WHEELS 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 |
|---|---|---|---|---|---|
| 2024-01-01 | 2024-06-30 | 46 | 33% | 87% | 88991 |
| 2020-07-01 | 2020-12-31 | 55 | 40% | 91% | 41302 |
| 2020-01-01 | 2020-06-30 | 49 | 34% | 88% | 32168 |
| 2019-07-01 | 2019-12-31 | 49 | 35% | 93% | 25362 |
| 2019-01-01 | 2019-06-30 | 49 | 35% | 87% | 16804 |
| 2018-07-01 | 2018-12-31 | 49 | 34% | 87% | 10301 |
| 2018-01-01 | 2018-06-30 | 47 | 32% | 72% | 5093 |
COURT CASES
| Date | Title | Reference | Subject |
|---|---|---|---|
| 2010-02-11 | Titan Steel Wheels Ltd v The Royal Bank of Scotland Plc | [2010] EWHC 211 (Comm) | |
| 2010-02-11 | Titan Steel Wheels Ltd v The Royal Bank of Scotland Plc | [2010] EWHC 211 (Comm) |
PATENTS
| Title | Date filed | Status | Publication number |
|---|---|---|---|
| Single piece wheel rim | 2014-01-23 | Awaiting First Examination | GB2522425 |
COMPETITORS
(Based on Sic code:
24330 Cold forming or folding)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| HIGH FIRE LIMITED | 161 SCUDAMORE ROAD, LEICESTER, LE3 1UQ | 02906447 | 2019-04-30 | 0 | 0 |
28120-Manufacture of fluid power equipment 28940-Manufacture of machinery for textile, apparel and leather production |
| UNISTRUT LIMITED | DELTA POINT, GREETS GREEN ROAD, WEST BROMWICH, B70 9PL | 01050870 | 0000-00-00 | 0 | 0 |
25500-Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620-Machining |
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 |
|---|---|---|---|---|
| TITAN STEEL WHEELS 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 |
