THE VALSPAR (UK) CORPORATION, LIMITED

1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR

Company Number: 03049772
Incorporation date: 25-Apr-1995
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants





SUMMARY

This company is 29 years old and is currently liquidation. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 8.6 million which has increased from GBP 2.8 million in the previous year. The latest reported revenue figure is GBP 92.7 million which is up 10% on previous year's figure of GBP 84.7 million. The company has 2 active officers (directors or partners) who are or were officers of 16 other companies, 10 (62.5%) 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 no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2022
Accounts Filed: FULL (31-Dec-2020)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 92,658,563 6,179,440 72,956 215,821 6,112,575
31-Dec-2018 GBP 84,717,174 6,101,297 126,608 402,649 5,903,256
31-Dec-2017 GBP 101,218,365 -23,208,835 307,411 385,689 -23,764,758
30-Sep-2016 GBP 71,355,927 478,388 254,947 316,471 193,572 396,864
30-Sep-2015 GBP 71,447,000 861,000 236,000 366,000 -71,000
30-Sep-2014 GBP 64,272,000 2,869,000 313,000 336,000 3,674,000
30-Sep-2013 GBP 51,858,000 5,000 34,000 233,000 5,148,000
30-Sep-2012 GBP 53,244,000 7,784,000 41,000 292,000 5,855,000
30-Sep-2011 GBP 53,823,000 6,506,000 3,000 287,000 6,537,000
30-Sep-2010 GBP 47,357,000 7,113,000 994,000 7,375,000
30-Sep-2008 GBP 36,549,000 -3,635,000 93,000 780,000 -4,135,000
30-Sep-2007 GBP 34,525,000 -2,843,000 126,000 538,000 776,000 -2,364,000
30-Sep-2006 GBP 40,526,000 1,847,000 352,000 742,000 342,000 1,916,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 34,679,100 9,117,200 1,000 359,181 8,607,981
31-Dec-2018 GBP 32,428,330 46,151,363 1,000 -5,423,395 2,825,405
31-Dec-2017 GBP 38,795,337 56,171,752 1,000 -9,529,654
30-Sep-2016 GBP 45,825,864 38,524,715 1,000 8,008,314 16,257,114
30-Sep-2015 GBP 37,213,000 12,377,000 20,626,000
30-Sep-2014 GBP 36,328,000 1,000 14,211,000 22,460,000
30-Sep-2013 GBP 37,395,000 23,009,000 1,000 10,135,000 18,384,000
30-Sep-2012 GBP 32,534,000 19,119,000 1,000 9,385,000 17,634,000
30-Sep-2011 GBP 25,225,000 17,298,000 5,650,000 13,899,000
30-Sep-2010 GBP 17,874,000 15,909,000 1,000 -2,880,000 369,000
30-Sep-2008 GBP 12,345,000 19,808,000 8,000 -7,708,000 341,000
30-Sep-2007 GBP 13,974,000 18,567,000 13,000 1,000 -4,569,000 3,680,000
30-Sep-2006 GBP 11,954,000 23,803,000 25,263,000 18,000 1,000 -4,470,000 3,779,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Sep-2016 GBP 100.00% 1,000 0 1,000 500
30-Sep-2015 GBP inf% -1,000 1,000 0 500
30-Sep-2012 GBP 100.00% 1,000 0 1,000 500
30-Sep-2011 GBP inf% -1,000 1,000 0 500
30-Sep-2010 GBP 100.00% 1,000 0 1,000 4,500
30-Sep-2008 GBP inf% -1,000 1,000 0 11,000
* 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)
Resigned Rolf Nestor ENGH 25 Apr 1995 26 Oct 2017 Vice President Of Sales American 0 - 7

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Simon John WALKER 10 Jan 2022 Director British 7 - 810 (66.7%)
Active Catherine Geraldene MORLEY 10 Jan 2022 Finance Director British 9 - 711 (68.8%)
Resigned James Michael DONCHESS 29 Mar 2019 10 Jan 2022 Attorney American 3 - 99 (75.0%)
Resigned Dennis Harold KARNSTEIN 29 Mar 2019 30 Jun 2021 Regional President - Emeai American 0 - 139 (69.2%)
Resigned Allen Joseph MISTYSYN 26 Oct 2017 29 Mar 2019 Business Executive American 0 - 1811 (61.1%)
Resigned Jeffrey James MIKLICH 26 Oct 2017 10 Jan 2022 Business Executive American 3 - 1711 (55.0%)
Resigned Ezio Nicola Giacomo BRAGGIO 01 Aug 2014 29 Mar 2019 Businessman Italian 0 - 1610 (62.5%)
Resigned Tyler Nolan TREAT 10 Apr 2013 26 Oct 2017 Vice President, Treasurer American 0 - 86 (75.0%)
Resigned Andrew Robert HECKER 27 Oct 2009 01 Aug 2014 Senior Management American 0 - 44 (100.0%)
Resigned Lori Ann WALKER 31 May 2009 10 Apr 2013 Chief Financial Officer American 0 - 75 (71.4%)
Resigned Bernard Joseph OUIMETTE 02 Jul 2007 27 Oct 2009 Corporate Vice President United States 0 - 44 (100.0%)
Resigned Paul REYELTS 28 Sep 2003 31 May 2009 Businessman Cfo American 0 - 65 (83.3%)
Resigned Michael Frederick BRANDT 28 Sep 2003 31 Jul 2007 President Valspar American 0 - 44 (100.0%)
Resigned John Michael BALLBACH 15 Jul 1997 28 Sep 2003 Vice President Us Citizen 0 - 21 (50.0%)
Resigned Timothy Michael WESOLOWSKI 25 Apr 1995 15 Apr 1998 Treasurer Usa 0 - 11 (100.0%)
Resigned Rolf Nestor ENGH 25 Apr 1995 26 Oct 2017 Vice President Of Sales American 0 - 76 (85.7%)
Resigned William Lawrence MANSFIELD 25 Apr 1995 28 Sep 2003 Vice President Of Packaging Us Citizen 0 - 32 (66.7%)
Number of active directors: 2
Average tenure of active directors: 2.3 years
Average tenure of resigned directors: 5.4 years
Average active director Dissolution Rate: 67.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS (00893081) - Liquidation
PLASTI-KOTE LIMITED (02013215) - Liquidation
GEOCEL LIMITED (02539551) - Liquidation
VALSPAR POWDER COATINGS LIMITED (02849106) - Liquidation
QUEST AUTOMOTIVE PRODUCTS UK LIMITED (02925683) - Liquidation
SHERWIN-WILLIAMS UK LIMITED (02968830) - Active
THE VALSPAR (UK) CORPORATION, LIMITED (03049772) - Liquidation
VALSPAR AUTOMOTIVE (UK) CORPORATION LIMITED (03287388) - Liquidation
W & J LEIGH & CO. LIMITED (04954265) - Active
INVER COLOR LTD (05944238) - Liquidation
INVER UK LIMITED (06707425) - Liquidation
SHERWIN-WILLIAMS UK HOLDING LIMITED (07037084) - Liquidation
SHERWIN-WILLIAMS UK AUTOMOTIVE LIMITED (07037088) - Active
SHERWIN-WILLIAMS UK COATINGS LIMITED (07148590) - Liquidation
THE VALSPAR (UK) FUNDING CORPORATION LIMITED (07185959) - Active
QUEST UK ACQUISITION LTD. (08518890) - Active
THE VALSPAR (UK) SPECIAL HOLDING CORPORATION LTD (10537718) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2021-04-252016-04-252015-04-252014-04-252013-04-25
VALSPAR (UK) HOLDING CORP LTDORDINARY1,000
100%
1,000
100%
1,000
100%
1,000
100%
1,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

THE VALSPAR (UK) CORPORATION, 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
2021-07-01 2021-08-31 48 37% 73% 54058
2021-01-01 2021-06-30 44 36% 74% 46720
2020-07-01 2020-12-31 48 39% 77% 41616
2020-01-01 2020-06-30 49 40% 57% 33301
2019-07-01 2019-12-31 47 39% 42% 27474
2019-01-01 2019-06-30 53 44% 44% 18929
2018-07-01 2018-12-31 47 40% 37% 10987
2018-01-01 2018-06-30 48 41% 33% 5826


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
3M UNITED KINGDOM PUBLIC LIMITED COMPANY 3M CENTRE, CAIN ROAD, BRACKNELL, BERKSHIRE, RG12 8HT 01123045 2017-12-31 841,568,000 20,438,000 23910-Production of abrasive products
32990-Other manufacturing not elsewhere classified
PPG ARCHITECTURAL COATINGS UK LIMITED PPG ARCHITECTURAL COATINGS UK LIMITED HUDDERSFIELD ROAD, BIRSTALL, BATLEY, WEST YORKSHIRE, WF17 9XA 00436135 2017-12-31 244,691,000 34,226,000
CROWN PAINTS LIMITED CROWN HOUSE, HOLLINS ROAD, DARWEN, LANCASHIRE, BB3 0BG 06624576 2017-12-31 164,603,000 7,963,000
JOTUN PAINTS (EUROPE) LIMITED JOTUN PAINTS (EUROPE) LTD, STATHER ROAD, FLIXBOROUGH, SCUNTHORPE, NORTH LINCS, DN15 8RR 00925019 2018-12-31 139,931,000 -5,332,000
SHERWIN-WILLIAMS DIVERSIFIED BRANDS LIMITED AVENUE ONE, STATION LANE, WITNEY, OXFORDSHIRE, UNITED KINGDOM, OX28 4XR 02968830 2017-12-31 92,056,848 -13,008,860 20590-Manufacture of other chemical products not elsewhere classified
TREMCO ILLBRUCK LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 00251311 2018-05-31 66,036,682 4,359,562 20590-Manufacture of other chemical products not elsewhere classified
TOR COATINGS LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 04503854 2018-05-31 58,513,153 8,254,868
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 00893081 2017-12-31 56,683,843 2,307,987
U-POL LIMITED U-POL TECH CENTRE DENINGTON ROAD, DENINGTON INDUSTRIAL ESTATE, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 2QH 00464919 2017-12-31 51,999,000 5,705,000 20590-Manufacture of other chemical products not elsewhere classified
BROWN BROTHERS DISTRIBUTION LIMITED NEEDHAM ROAD, STOWMARKET, SUFFOLK, UNITED KINGDOM, IP14 2AD 01438525 2017-12-31 47,993,213 3,396,840 46900-Non-specialised wholesale trade
EFTEC LIMITED TREHERBERT ROAD, RHIGOS, ABERDARE, MID GLAMORGAN, CF44 9UE 01406940 2017-12-31 29,139,000 0
VALSPAR POWDER COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 02849106 2017-12-31 23,688,213 -5,276,774
SHERWIN-WILLIAMS UK COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 07148590 2017-12-31 21,230,083 -1,555,083
PJ COLOURS LIMITED THE GLADES FESTIVAL WAY, FESTIVAL PARK, STOKE-ON-TRENT, ST1 5SQ 03479538 2018-04-30 12,859,192 0
HI-TECH COATINGS INTERNATIONAL LIMITED 3RD FLOOR, 1 ASHLEY ROAD, ALTRINCHAM, CHESHIRE, UNITED KINGDOM, WA14 2DT 04386890 2018-03-31 10,816,020 0
QUEST CONSTRUCTION PRODUCTS UK LTD UNITS 1 & 2, ELDON WAY, BIGGLESWADE, BEDFORDSHIRE, ENGLAND, SG18 8NH 09437729 2017-12-31 2,410,462 0
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 314,445
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 0
WINDRIDGE COATINGS LIMITED 424 MARGATE ROAD, WESTWOOD, RAMSGATE, KENT, ENGLAND, CT12 6SJ 03182385 2018-04-05 471,557 0
INDUSTRIAL PROTECTIVE COATINGS LIMITED 15 JASMINE ROAD, GREAT BRIDGEFORD, STAFFORD, UNITED KINGDOM, ST18 9PT 10578245 2019-01-31 26,058 0
SURFACE COATING INGREDIENTS LIMITED 23 CHURCH STREET, RICKMANSWORTH, HERTFORDSHIRE, WD3 1DE 06785080 2018-01-31 14,112 0
SHREWD MOVES LTD A SEED, 54, WOOD STREET, LYTHAM ST. ANNES, UNITED KINGDOM, FY8 1QG 08925745 2018-03-31 4,250 0
INVER UK LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 06707425 2018-12-31 0 0
HMG PAINTS LIMITED RIVERSIDE WORKS, COLLYHURST ROAD, MANCHESTER, M40 7RU 00669551 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. 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 100.0% 99.4% 99.9% 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 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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