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RICO LOGISTICS LTD
UNIT 4 KENNET HOUSE LANGLEY QUAY, WATERSIDE DRIVE, SLOUGH, BERKSHIRE, SL3 6EYCompany 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-2024Accounts 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** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 0 | 0 (0.0%) | |
Active | Jonathan Richard CROYDEN | 26 May 2023 | Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Sanjive SHARMA | 10 Jan 2023 | 25 Sep 2023 | Director | British | 2 - 14 | 3 (18.8%) |
Resigned | Mahalingam SETURAMAN | 09 Feb 2022 | 11 Sep 2023 | Independent Financial Consultant | Indian | 0 - 1 | 0 (0.0%) |
Resigned | Tony GUNN | 30 Dec 2021 | 31 May 2023 | Company Director | British | 1 - 4 | 0 (0.0%) |
Resigned | Sukumar KAMESWARAN | 25 Jun 2021 | 29 Jun 2022 | Company Director | Indian | 0 - 1 | 0 (0.0%) |
Active | Ravi VISWANATHAN | 25 Jun 2021 | Company Director | Indian | 1 - 0 | 0 (0.0%) | |
Resigned | Paul Graeme YALLOP | 24 Jun 2021 | 29 Jun 2022 | Chartered Accountant | British | 2 - 11 | 0 (0.0%) |
Resigned | Dinesh RAMACHANDRAN | 28 Sep 2012 | 24 Jun 2021 | Managing Director | Indian | 0 - 10 | 5 (50.0%) |
Resigned | Paul John ROBERTS | 28 Sep 2012 | 24 Jun 2021 | Accountant | British | 3 - 25 | 14 (50.0%) |
Resigned | Ravichandran SARGUNARAJ | 28 Sep 2012 | 24 Jun 2021 | Director | Indian | 0 - 1 | 0 (0.0%) |
Resigned | Richard SLEE | 28 Sep 2012 | 12 Sep 2014 | Ceo Tvs Europe | British | 0 - 9 | 4 (44.4%) |
Resigned | Derek WILLIAMSON | 02 Nov 2009 | 28 Sep 2012 | None | British | 0 - 1 | 0 (0.0%) |
Resigned | Michael Anthony PROSSER | 02 Nov 2009 | 28 Sep 2012 | Finance Director | British | 3 - 3 | 1 (16.7%) |
Resigned | Sanjive SHARMA | 01 Jul 2002 | 29 Jun 2022 | Managing Director | British | 2 - 14 | 3 (18.8%) |
Resigned | Jagjit GREWAL | 01 Jul 2002 | 28 Sep 2012 | Contract Distribution Director | British | 2 - 4 | 3 (50.0%) |
Resigned | Manohar Singh GREWAL | 05 Nov 1993 | 28 Sep 2012 | Commercial Director | British | 2 - 6 | 3 (37.5%) |
Resigned | LUFMER LIMITED | 04 Nov 1993 | 05 Nov 1993 | 0 - 1035 | 393 (38.0%) | ||
Resigned | SEMKEN LIMITED | 04 Nov 1993 | 05 Nov 1993 | 0 - 1272 | 461 (36.2%) |
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
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | |||
---|---|---|---|---|---|
2015-11-04 | 2014-11-04 | 2013-11-04 | 2012-11-04 | ||
TVS LOGISTICS INVESTMENT UK LIMITED | ORDINARY | 45,826 85.0% | 0 0% | 0 0% | 0 0% |
TVS LOGISTICS INVESTMENT UK LIMITED | A ORDINARY | 6,721 12.5% | 0 0% | 0 0% | 0 0% |
MR SANJIVE SHARMA | A ORDINARY | 1,365 2.53% | 0 0% | 0 0% | 0 0% |
TVS LOGISTICS INVESTMENT UK LIMITED | A SHARES 1 GBP | 0 0% | 45,826 85.0% | 45,826 85.0% | 45,826 85.0% |
MR SANJIVE SHARMA | A SHARES 1 GBP | 0 0% | 4,174 7.74% | 4,174 7.74% | 4,174 7.74% |
MR SANJIVE SHARMA | B SHARES 1 GBP | 0 0% | 3,912 7.26% | 3,912 7.26% | 3,912 7.26% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | ||||
---|---|---|---|---|---|---|
2020-09-02 | 2019-09-02 | 2019-05-31 | 2019-05-09 | 2016-05-31 | ||
RICO LOGISTICS LTD | A ORDINARY | 1,348,800 80% | 1,348,800 100% | 29,750 89.5% | 1,348,800 100% | 29,750 100% |
RICO LOGISTICS LTD | B ORDINARY | 337,200 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 |