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ALVANT LIMITED
10 FLEET PLACE, LONDON, EC4M 7QSPrevious name: COMPOSITE METAL TECHNOLOGY LIMITED (changed on 15-May-2018)
Company Number: 02765553
Incorporation date: 18-Nov-1992
Status: In Administration/Administrative Receive
Entity type: Private Limited Company
SIC codes:
24540 Casting of other non-ferrous metals
SUMMARY
This company is 31.4 years old and is currently in administration/administrative receive. It is controlled by Alvant Group Plc. The company has negative equity (net assets) of GBP -7.4 million which has worsened since the previous year's figure of GBP -6.1 million. The latest reported revenue figure is GBP 516.7 thousand which is down -50% 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 -10.8 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 no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Jan-2023Accounts Filed: FULL (30-Apr-2021)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 30-Apr-2020 | GBP | 516,699 | -1,483,303 | 170 | 249,617 | -1,233,856 | |
| 30-Apr-2019 | GBP | 1,106,969 | 124,537 | -944,605 | |||
| 30-Apr-2018 | GBP | 616,944 | 169,481 | -1,046,444 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 30-Apr-2020 | GBP | 87,574 | 656,696 | 8,740,426 | 4,316 | 3,234,357 | -10,836,428 | -7,359,561 | |
| 30-Apr-2019 | GBP | 1,638 | 546,412 | 7,467,521 | 4,316 | 3,234,357 | -9,616,808 | -6,125,705 | |
| 30-Apr-2018 | GBP | 40,473 | 609,385 | 12 | 15 | 3,234,357 | -8,711,214 | -5,181,100 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 30-Apr-2019 | GBP | 99.65% | 4,301 | 15 | 4,316 | -18,890 |
** 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) |
|---|---|---|---|---|---|---|
| unknown | Neil Patrick COLLINS | 19 Nov 1992 | 18 Apr 2024 | Company Director | British | 0 - 8 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Resigned? | Simon John Rhodes HALLIDAY | 18 Dec 2019 | Company Director | British | 2 - 24 | 2 (7.7%) | |
| Resigned? | Richard THOMPSON | 15 Feb 2018 | Commercial Director | British | 0 - 2 | 2 (100.0%) | |
| Resigned | Gwen VENTRIS | 01 May 2017 | 21 Aug 2019 | Chairman | British | 3 - 2 | 2 (40.0%) |
| Resigned? | John Richard BONAS | 01 May 2017 | Managing Director | British | 1 - 2 | 2 (66.7%) | |
| Resigned? | Gemma Louise CHRISTIAN | 01 Apr 2017 | Technical Director | British | 0 - 2 | 2 (100.0%) | |
| Resigned | Stephen John COOKE | 01 Nov 2013 | 30 Apr 2017 | Production Director | British | 0 - 2 | 2 (100.0%) |
| Resigned | David Trevor PRICE | 14 Nov 2006 | 31 Aug 2017 | Consultant | British | 1 - 3 | 3 (75.0%) |
| Resigned | Christopher Synge BARTON | 01 Jun 2005 | 31 May 2017 | Accountant | British | 0 - 5 | 5 (100.0%) |
| Resigned | Roger Stanley, Dr BUSHBY | 28 Jun 2001 | 09 Jul 2015 | Technical Director | British | 0 - 2 | 2 (100.0%) |
| Resigned | Morris David Albert BENTATA | 01 Mar 1998 | 31 May 2017 | Business Consultant | British | 3 - 9 | 3 (25.0%) |
| Resigned | Antony Bourne PHIPPS | 01 Mar 1998 | 30 Sep 2002 | Director | British | 1 - 9 | 3 (30.0%) |
| Resigned | Brian John HERRING | 01 Oct 1996 | 22 May 2006 | Director | British | 0 - 4 | 3 (75.0%) |
| Resigned? | Neil Patrick COLLINS | 18 Nov 1992 | Company Director | British | 0 - 8 | 6 (75.0%) | |
| Resigned | Bernard Patrick COLLINS | 18 Nov 1992 | 22 May 2006 | Company Director | British | 0 - 3 | 2 (66.7%) |
| Resigned | ALPHA SECRETARIAL LIMITED | 18 Nov 1992 | 18 Nov 1992 | 0 - 1534 | 654 (42.6%) | ||
| Resigned | Mark FIELD | 18 Nov 1992 | 03 Oct 1995 | Company Director | British | 0 - 1 | 1 (100.0%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2018-11-18 | 2015-11-18 | 2014-11-18 | 2013-11-18 | 2012-11-18 | ||
| ALVANT GROUP PLC | ORDINARY | 4,316 100% | 0 0% | 0 0% | 0 0% | 0 0% |
| COMPOSITE METAL TECHNOLOGIES PLC | ORDINARY | 0 0% | 4,316 100% | 4,316 100% | 4,316 100% | 4,316 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
ALVANT LIMITED
Controlled companies below
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
24540 Casting of other non-ferrous metals)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| HOWMET LIMITED | HOWMET KESTREL WAY, SOWTON INDUSTRIAL ESTATE, EXETER, ENGLAND, EX2 7LG | 02659893 | 2017-12-31 | 120,516,000 | 11,196,000 |
25990-Manufacture of other fabricated metal products not elsewhere classified |
| DONCASTERS AEROSPACE LIMITED | HOLBROOK WORKS STATION ROAD, HALFWAY, SHEFFIELD, ENGLAND, S20 3GB | 04095261 | 2017-12-31 | 40,747,000 | 161,000 | |
| JVM CASTINGS (WORCESTER) LIMITED | JVM CASTINGS LIMITED, DROITWICH ROAD, WORCESTER, ENGLAND, WR3 7JX | 05816200 | 2018-03-31 | 34,320,007 | -262,760 | |
| RICAL LIMITED | TRAMWAY OLDBURY ROAD, SMETHWICK, WARLEY, WEST MIDLANDS, B66 1NY | 00088330 | 2018-08-31 | 23,566,000 | -341,000 |
25620-Machining 25930-Manufacture of wire products, chain and springs 25990-Manufacture of other fabricated metal products not elsewhere classified |
| TRITECH PRECISION PRODUCTS (YEOVIL) LIMITED | BRIDGE ROAD NORTH BRIDGE ROAD NORTH, WREXHAM INDUSTRIAL ESTATE, WREXHAM, WALES, LL13 9PS | 09432835 | 2018-03-31 | 6,220,644 | 0 | |
| ALLOY TECHNOLOGIES (UK) LIMITED | C/O TMF GROUP 13TH FLOOR, ONE ANGEL COURT, LONDON, UNITED KINGDOM, EC2R 7HJ | 02965664 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is In Administration/Administrative Receive. Statistically, such companies have a VERY HIGH 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 |
|---|---|---|---|---|
| Company status | 0.7% | 3.6% | 7.1% | High |
| 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 | 1.8% | 3.8% | 7.0% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
