RICO LOGISTICS LTD

UNIT 4 KENNET HOUSE LANGLEY QUAY, WATERSIDE DRIVE, SLOUGH, BERKSHIRE, SL3 6EY

Company Number: 02869014
Incorporation date: 04-Nov-1993
Status: Active
Entity type: Private Limited Company

SIC codes:
52102 Operation of warehousing and storage facilities for air transport activities
52103 Operation of warehousing and storage facilities for land transport activities




SUMMARY

This company is 30.4 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 20.9 million which has decreased from the previous year's figure of GBP 28.6 million. The latest reported revenue figure is GBP 165.9 million which is up 10% on previous year's figure of GBP 156.6 million. The company has 3 active officers (directors or partners) who are or were officers of 1 other company. 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: 31-Dec-2024
Accounts Filed: GROUP (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2020 GBP 165,890,000 1,951,000 5,016,000 455,000 -2,599,000
31-Mar-2019 GBP 156,582,000 2,000 1,796,000 790,000 466,000
31-Mar-2018 GBP 145,002,000 9,000 1,484,000 1,008,000 1,848,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2020 GBP 4,141,000 45,712,000 54,000 20,883,000 20,937,000
31-Mar-2019 GBP 3,233,000 56,924,000 48,289,000 3,567,000 54,000 25,389,000 28,630,000
31-Mar-2018 GBP 4,353,000 53,698,000 32,014,000 4,589,000 54,000 25,875,000 28,960,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Dwarkesh Sureshchandra JHAVERI 10 Jan 2023 29 Mar 2024 1 - 0
Resigned Paul John ROBERTS 28 Sep 2012 24 Jun 2021 British 0 - 1
Resigned Sanjive SHARMA 05 Nov 1993 28 Sep 2012 Sales Director British 2 - 14

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Narayan SESHADRI 29 Aug 2023 Director Indian 1 - 00 (0.0%)
Active Jonathan Richard CROYDEN 26 May 2023 Director British 1 - 00 (0.0%)
Resigned Sanjive SHARMA 10 Jan 2023 25 Sep 2023 Director British 2 - 143 (18.8%)
Resigned Mahalingam SETURAMAN 09 Feb 2022 11 Sep 2023 Independent Financial Consultant Indian 0 - 10 (0.0%)
Resigned Tony GUNN 30 Dec 2021 31 May 2023 Company Director British 1 - 40 (0.0%)
Resigned Sukumar KAMESWARAN 25 Jun 2021 29 Jun 2022 Company Director Indian 0 - 10 (0.0%)
Active Ravi VISWANATHAN 25 Jun 2021 Company Director Indian 1 - 00 (0.0%)
Resigned Paul Graeme YALLOP 24 Jun 2021 29 Jun 2022 Chartered Accountant British 2 - 110 (0.0%)
Resigned Dinesh RAMACHANDRAN 28 Sep 2012 24 Jun 2021 Managing Director Indian 0 - 105 (50.0%)
Resigned Paul John ROBERTS 28 Sep 2012 24 Jun 2021 Accountant British 3 - 2514 (50.0%)
Resigned Ravichandran SARGUNARAJ 28 Sep 2012 24 Jun 2021 Director Indian 0 - 10 (0.0%)
Resigned Richard SLEE 28 Sep 2012 12 Sep 2014 Ceo Tvs Europe British 0 - 94 (44.4%)
Resigned Derek WILLIAMSON 02 Nov 2009 28 Sep 2012 None British 0 - 10 (0.0%)
Resigned Michael Anthony PROSSER 02 Nov 2009 28 Sep 2012 Finance Director British 3 - 31 (16.7%)
Resigned Sanjive SHARMA 01 Jul 2002 29 Jun 2022 Managing Director British 2 - 143 (18.8%)
Resigned Jagjit GREWAL 01 Jul 2002 28 Sep 2012 Contract Distribution Director British 2 - 43 (50.0%)
Resigned Manohar Singh GREWAL 05 Nov 1993 28 Sep 2012 Commercial Director British 2 - 63 (37.5%)
Resigned LUFMER LIMITED 04 Nov 1993 05 Nov 1993 0 - 1035393 (38.0%)
Resigned SEMKEN LIMITED 04 Nov 1993 05 Nov 1993 0 - 1272461 (36.2%)
Number of active directors: 3
Average tenure of active directors: 1.4 years
Average tenure of resigned directors: 5.6 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
RICO LOGISTICS LTD (02869014) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-11-042014-11-042013-11-042012-11-04
TVS LOGISTICS INVESTMENT UK LIMITEDORDINARY45,826
85.0%
0
0%
0
0%
0
0%
TVS LOGISTICS INVESTMENT UK LIMITEDA ORDINARY6,721
12.5%
0
0%
0
0%
0
0%
MR SANJIVE SHARMAA ORDINARY1,365
2.53%
0
0%
0
0%
0
0%
TVS LOGISTICS INVESTMENT UK LIMITEDA SHARES 1 GBP0
0%
45,826
85.0%
45,826
85.0%
45,826
85.0%
MR SANJIVE SHARMAA SHARES 1 GBP0
0%
4,174
7.74%
4,174
7.74%
4,174
7.74%
MR SANJIVE SHARMAB SHARES 1 GBP0
0%
3,912
7.26%
3,912
7.26%
3,912
7.26%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2020-09-022019-09-022019-05-312019-05-092016-05-31
RICO LOGISTICS LTDA ORDINARY1,348,800
80%
1,348,800
100%
29,750
89.5%
1,348,800
100%
29,750
100%
RICO LOGISTICS LTDB ORDINARY337,200
20%
0
0%
3,500
10.5%
0
0%
0
0%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

RICO LOGISTICS LTD

Controlled companies below

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
2019-01-15 Mr J Uyanwatte v Rico Logistics Ltd [2019] UKET 3330978/2018 Unfair Dismissal

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 52102 Operation of warehousing and storage facilities for air transport activities)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
DNATA LIMITED DAKOTA HOUSE POYLE ROAD, COLNBROOK, BERKSHIRE, ENGLAND, SL3 0QX 03091040 2018-03-31 139,571,000 5,679,000 52230-Service activities incidental to air transportation
52242-Cargo handling for air transport activities
AEROTRON LIMITED WESTLEY HOUSE, FLEMING WAY, CRAWLEY, W SUSSEX, RH10 9GA 01129495 2017-12-31 62,472,669 45,483,110 52230-Service activities incidental to air transportation
FAYAIR (STANSTED) LIMITED 87-135 BROMPTON ROAD, LONDON, ENGLAND, SW1X 7XL 07566864 2017-12-31 4,453,509 0
TURPIN DISTRIBUTION SERVICES LIMITED RESOLVE ADVISORY LIMITED 22, YORK BUILDINGS, LONDON, WC2N 6JU 01331778 2017-12-31 4,391,300 0 52103-Operation of warehousing and storage facilities for land transport activities
82200-Activities of call centres
82990-Other business support service activities not elsewhere classified
OCEANTEAM LOGISTICS LIMITED ZONE G SALAMANDER QUAY WEST, PARK LANE, HAREFIELD, MIDDLESEX, UB9 6NZ 03936863 2018-03-31 3,974,910 0 52242-Cargo handling for air transport activities
52243-Cargo handling for land transport activities
52290-Other transportation support activities
AUTARKY AIRSIDE LIMITED HANGER 2, BLACKPOOL AIRPORT, BLACKPOOL, ENGLAND, FY4 2QS 09493671 2018-03-31 51,082 0
BH ASSOCIATES (WEST SUSSEX) LTD APRIL COTTAGE, 40A VICTORIA ROAD, BOGNOR REGIS, UNITED KINGDOM, PO21 2JF 10121653 2018-04-30 42,103 0
SEDA EXPRESS LTD 99D COLE GREEN LANE, WELWYN GARDEN CITY, ENGLAND, AL7 3JF 09581588 2018-05-31 21,026 0 64999-Financial intermediation not elsewhere classified
79110-Travel agency activities
GEOEXPRESS LTD 35 EASHING POINT, WANBOROUGH DRIVE, LONDON, UNITED KINGDOM, SW15 4AN 10812946 2018-06-30 0 0
AERFIN HOLDINGS LIMITED UNIT D GREENWAY, BEDWAS HOUSE INDUSTRIAL ESTATE, BEDWAS, CAERPHILLY, MID GLAMORGAN, CF83 8DW 09353979 0000-00-00 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
RICO LOGISTICS LTD 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 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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