HOWMET LIMITED

HOWMET KESTREL WAY, SOWTON INDUSTRIAL ESTATE, EXETER, EX2 7LG

Company Number: 02659893
Incorporation date: 04-Nov-1991
Status: Active
Entity type: Private Limited Company

SIC codes:
24450 Other non-ferrous metal production
24540 Casting of other non-ferrous metals

SUMMARY

This company is 33.6 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 55.4 million which has increased from GBP 44 million in the previous year. The latest reported revenue figure is GBP 117.3 million which is similar to the previous year's figure of GBP 120.5 million. The company has 7 active officers (directors or partners) who are or were officers of 28 other companies, 3 (10.7%) of which have since been dissolved or are proposed for strike off. 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-2025
Accounts 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	117,318,000	13,614,000	57,000		2,677,000	10,994,000
31-Dec-2017	GBP	120,516,000	13,946,000	28,000		2,778,000	10,196,000
31-Dec-2016	GBP	99,965,000	11,713,000	23,000	246,000	2,316,000	74,000
31-Dec-2015	GBP	85,664,000	547,000	360,000		294,000	613,000
31-Dec-2014	GBP	90,903,000	2,344,000		5,000	613,000	1,726,000
31-Dec-2013	GBP	118,425,000	9,163,000		172,000	2,136,000	6,855,000
31-Dec-2012	GBP	101,533,000	1,982,000		327,000	478,000	1,177,000
31-Dec-2011	GBP	94,000,000	-1,869,000	18,000		386,000	-1,465,000
31-Dec-2010	GBP	94,668,000	649,000		110,000	198,000	341,000
31-Dec-2009	GBP	123,141,000	3,356,000	21,000		1,038,000	2,337,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2018	GBP	4,000	68,057,000	31,916,000	47,000	1,000,000	23,920,000	30,520,000	55,440,000
31-Dec-2017	GBP	63,000	58,502,000	31,163,000	3,269,000	1,000,000	23,920,000	19,074,000	43,994,000
31-Dec-2016	GBP	80,000	8,000	30,836,000	150,000	1,000,000	23,920,000	19,878,000	44,798,000
31-Dec-2015	GBP	12,000	43,088,000	21,956,000	175,000	1,000,000	23,920,000	10,704,000	35,624,000
31-Dec-2014	GBP	713,000	40,556,000	17,977,000	1,383,000	4,000,000	23,920,000	10,165,000	35,085,000
31-Dec-2013	GBP			12,000	13,000	15,000	16,000	16,000	33,359,000
31-Dec-2012	GBP	8,000	36,957,000	21,998,000	1,203,000	1,600,000	23,920,000		27,504,000
31-Dec-2011	GBP	15,000	32,435,000	19,719,000		1,000,000	23,920,000	4,407,000	26,327,000
31-Dec-2010	GBP	40,000	35,852,000	20,050,000		1,000,000	23,920,000	4,872,000	29,792,000
31-Dec-2009	GBP	29,000	41,334,000	25,875,000		1,000,000	23,920,000	4,531,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2015	GBP	-300.00%	-3,000,000	4,000,000	1,000,000	2,916,500
31-Dec-2014	GBP	99.63%	27,889,000	104,977	27,993,977	14,390,977
31-Dec-2013	GBP	-10,566.67%	-25,489,000	25,730,221	241,221	13,589,721
31-Dec-2012	GBP	37.50%	600,000	1,000,000	1,600,000	1,890,000

* 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	Petra PAPINNIEMI-AINGER	01 Nov 2016	14 Jun 2025			1 - 0
Resigned	Stephen Matthew WOODS	25 Jun 2014	01 Nov 2016			0 - 1
Resigned	Jose Ramon CAMINO	21 Oct 2002	01 Mar 2014		Spanish	0 - 25
Resigned	PINSENT MASONS SECRETARIAL LIMITED	12 Nov 2001	25 Jun 2014			430 - 2728
Resigned	Denis Anthony DEMBLOWSKI	19 Dec 2000	21 Oct 2002	Lawyer	American	0 - 18
Resigned	Clive Everett COTTON	05 Jul 1996	19 Dec 2000	Company Secretary	British	0 - 12
Resigned	Wyn Meredith DAVIES	21 Nov 1991	28 Jun 1996		British	0 - 1

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Cedric TOUSSAINT	17 Mar 2025		Vp / Gm Structure & Igt	French	1 - 0	0 (0.0%)
Active	Andrew James WREFORD	11 Mar 2024		Director	British	1 - 0	0 (0.0%)
Active	Monalito BUGARCIC	31 Aug 2020		Director	Swiss	23 - 3	4 (15.4%)
Resigned	Boyd MUELLER	19 Apr 2018	01 Apr 2025	Vice President Technology & Alloy	American	0 - 5	0 (0.0%)
Active	Stephen Matthew WOODS	18 Apr 2018		Chartered Accountant	British	2 - 0	0 (0.0%)
Active	Stephen Matthew WOODS	18 Apr 2018		Chartered Accountant	British	22 - 0	2 (9.1%)
Resigned	Dirk BAUER	20 May 2015	25 Apr 2018	Vice President And General Manager	German	0 - 1	0 (0.0%)
Active	Patrick Michael TALBOT	19 May 2015		Plant Manager	British	3 - 0	0 (0.0%)
Active	Patrick Michael TALBOT	19 May 2015		Plant Manager	British	1 - 0	0 (0.0%)
Resigned	Martin Gerard MCCARTHY	10 Jul 2012	27 May 2015	Plant Manager	British	0 - 1	0 (0.0%)
Resigned	Jose Ramon CAMINO	15 Jul 2010	01 Mar 2014	Lawyer	Spanish	0 - 25	5 (20.0%)
Resigned	Caroline Delia WELCH-BALLENTINE	09 Jun 2009	15 Jul 2010	Hr Director	British	0 - 19	3 (15.8%)
Resigned	George Ronald SMITH	01 Feb 2008	09 Jun 2009	Company Director	British	0 - 21	4 (19.0%)
Resigned	Joseph R LUCOT	21 Oct 2002	20 Mar 2006	Cfo	American	0 - 8	0 (0.0%)
Resigned	Denis Anthony DEMBLOWSKI	19 Dec 2000	21 Oct 2002	Lawyer	American	0 - 18	1 (5.6%)
Resigned	Ian Trevor FAULL	19 Dec 2000	31 Dec 2008	Accountant	British	1 - 22	4 (17.4%)
Resigned	Raymond Barns MITCHELL	19 Dec 2000	21 Oct 2002	Finance	United States	0 - 4	0 (0.0%)
Resigned	Lluis Maria FARGAS MAS	19 Dec 2000	31 Aug 2020	Lawyer	Spanish	0 - 19	2 (10.5%)
Resigned	Michael Robert HANRAHAN	17 Oct 2000	13 Oct 2001	General Manager	Usa	0 - 1	0 (0.0%)
Resigned	Michael Allen PEPPER	04 Dec 1998	04 Jul 2000	General Manager	Us Citizen	0 - 1	0 (0.0%)
Resigned	Scott Douglas SANDERS	02 Jul 1996	04 Dec 1998	General Manager	American	0 - 1	0 (0.0%)
Resigned	Mark LASKER	29 Nov 1994	20 Apr 2000	Senior Vice President	Usa	0 - 1	0 (0.0%)
Resigned	Terence Dennis ROSE	23 Aug 1993	13 Oct 2001	Vice President International O	British	0 - 1	0 (0.0%)
Resigned	Ronald Leonard WARD	21 Nov 1991	05 Apr 1995	Consultant	American	0 - 1	0 (0.0%)
Resigned	Brian Harold ELVER	21 Nov 1991	02 Feb 1996	Commercial Director Europe	British	0 - 1	0 (0.0%)
Resigned	Roger Colin HAMBLETON	21 Nov 1991	08 May 2001	Technical Director	British	0 - 3	1 (33.3%)
Resigned	SWIFT INCORPORATIONS LIMITED	04 Nov 1991	21 Nov 1991			5 - 95778	42189 (44.0%)
Resigned	INSTANT COMPANIES LIMITED	04 Nov 1991	21 Nov 1991			7 - 33584	15761 (46.9%)

Number of active directors: 7
Average tenure of active directors: 5.8 years
Average tenure of resigned directors: 4.3 years
Average active director Dissolution Rate: 3.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Cedric TOUSSAINT	Andrew James WREFORD	Monalito BUGARCIC	Stephen Matthew WOODS	Stephen Matthew WOODS	Patrick Michael TALBOT	Patrick Michael TALBOT
AURORA GROUP LIMITED (00086849) - Liquidation			✔
FIRTH RIXSON METALS LIMITED (00138691) - Active			✔	✔	✔
LINREAD LIMITED (00207655) - Active			✔
FIRTH RIXSON LIMITED (00230737) - Active			✔		✔
FIRTH RIXSON (TRUSTEES) LIMITED (00335825) - Active - Proposal to Strike off			✔		✔
FIRTH RIXSON SUPERALLOYS LIMITED (00620465) - Liquidation			✔
FIRTH BROWN LIMITED (00670047) - Active					✔
JFB OVERSEAS HOLDINGS LIMITED (00874317) - Active			✔		✔
HOWMET FASTENING SYSTEMS LIMITED (01736094) - Active			✔
HOWMET PRODUCTS UK LIMITED (01927599) - Active			✔		✔
FIRTH RIXSON RINGS LIMITED (02105081) - Active			✔		✔
CAMCRAFT LIMITED (02405751) - Active					✔	✔
TRANSOM WILD LIMITED (02631984) - Active					✔	✔
HOWMET LIMITED (02659893) - Active	✔	✔	✔	✔	✔	✔	✔
ALLOY TECHNOLOGIES (UK) LIMITED (02965664) - Active			✔		✔
RTI INTERNATIONAL METALS LIMITED (03585661) - Active			✔
RTI EUROPE LIMITED (03906707) - Active			✔		✔
BRITISH ALUMINIUM LIMITED (03981390) - Active			✔		✔
FORGINGS INTERNATIONAL HOLDINGS 1 LIMITED (04597895) - Active			✔		✔
FORGINGS INTERNATIONAL HOLDINGS 2 LIMITED (04597897) - Active			✔		✔
FORGINGS INTERNATIONAL HOLDINGS 3 LIMITED (04597899) - Active			✔		✔
FORGINGS INTERNATIONAL LIMITED (04597905) - Active			✔		✔
FORGINGS INTERNATIONAL HOLDINGS LIMITED (04606084) - Active			✔		✔
FR ACQUISITIONS CORPORATION (EUROPE) LIMITED (06403563) - Active			✔		✔
ENPAR LIMITED (07186879) - Active - Proposal to Strike off			✔		✔
HOWMET GLOBAL FASTENING SYSTEMS LIMITED (07550495) - Active			✔		✔
ACCROFAB ADVANCED TITANIUM FORMING LIMITED (07754118) - Active			✔
RTI EXTRUSIONS EUROPE (HOLDINGS) LIMITED (08606498) - Active			✔
HOWMET HOLDINGS LIMITED (09092129) - Active			✔		✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2020-11-04	2016-11-04	2015-11-04	2014-11-04	2013-11-04
HOWMET PRODUCTS UK LIMITED	ORDINARY	1,000,002 100%	0 0%	0 0%	0 0%	0 0%
ARCONIC EXTRUDED PRODUCTS (UK) LIMITED	ORDINARY	0 0%	1,000,002 100%	0 0%	0 0%	0 0%
ALCOA EXTRUDED PRODUCTS (UK) LIMITED	ORDINARY	0 0%	0 0%	1,000,002 100%	1,000,002 100%	1,000,002 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - >75%:Arconic Corporation - active
    >75%:Arconic Inc - ceased
    >75%:Arconic Uk Holdings Limited (04099001 - United Kingdom) active
    >75%:Arconic Manufacturing (Gb) Limited (00633328 - United Kingdom) ceased
  - >75%:Arconic, Inc. (657635 - State Of Delaware) ceased
  - Significant influence or control:Howmet Aerospace Inc - active
  >75%:Alloy Technologies (Uk) Limited (02965664 - United Kingdom) active
>75%:Arconic Extruded Products (Uk) Limited (01927599 - United Kingdom) ceased
>75%:Howmet Products Uk Limited - active

Controlling entities above

HOWMET 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
2024-07-01	2024-12-31	73	61%	5%	94522
2024-01-01	2024-06-30	73	70%	3%	88249
2023-07-01	2023-12-31	72	69%	5%	79113
2023-01-01	2023-06-30	75	72%	4%	72723
2022-07-01	2022-12-31	75	72%	3%	65607
2022-01-01	2022-06-30	73	71%	3%	59152
2021-07-01	2021-12-31	73	71%	3%	52674
2021-01-01	2021-06-30	75	69%	3%	47855
2020-07-01	2020-12-31	68	71%	4%	39392
2020-01-01	2020-06-30	68	66%	3%	34380
2019-07-01	2019-12-31	70	67%	3%	26188
2019-01-01	2019-06-30	74	72%	3%	18026
2018-07-01	2018-12-31	74	71%	5%	10549
2018-01-01	2018-06-30	74	71%	4%	3556

COURT CASES

Date	Title	Reference	Subject
2016-08-31	Howmet Ltd v Economy Devices Ltd & Ors	[2016] EWCA Civ 847
2014-11-28	Howmet Ltd v Economy Devices Ltd & Ors	[2014] EWHC 3933 (TCC)

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 24450 Other non-ferrous metal production)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
TIMET UK LIMITED	PLANT 1 120 HOLFORD DRIVE, PERRY BARR, BIRMINGHAM, ENGLAND, B42 2TU	00530589	2017-12-31	258,283,000	33,685,000
H. J. ENTHOVEN LIMITED	DARLEY DALE SMELTER, SOUTH DARLEY, MATLOCK, DERBYSHIRE, DE4 2LP	02821551	2017-12-31	157,717,000	14,569,000
ROSS & CATHERALL LIMITED	1 PARK ROW, LEEDS, ENGLAND, LS1 5AB	04110786	2017-12-31	91,387,000	11,151,000
WALL COLMONOY LIMITED	ALLOY INDUSTRIAL, ESTATE, PONTARDAWE, SWANSEA, SA8 4HL	00788765	2017-12-31	26,759,000	0
WEARTECH INTERNATIONAL LIMITED	KROLL ADVISORY LTD THE SHARD 32, LONDON BRIDGE STREET, LONDON, SE1 9SG	04118871	2017-12-31	12,019,985	0
MIKOZ (EUROPE) LIMITED	6 EMILY COURT, WATERFRONT, SWANSEA, SA1 8RA	04906753	2018-03-31	0	0	38110-Collection of non-hazardous waste

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
HOWMET 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	0.8%	3.8%	7.5%	Medium