METSA WOOD UK LIMITED

OLD GOLF COURSE, FISHTOFT ROAD, BOSTON, LINCOLNSHIRE, PE21 0BJ

Previous name: FINNFOREST UK LIMITED (changed on 21-Feb-2012)

Company Number: 03071064
Incorporation date: 21-Jun-1995
Status: Active
Entity type: Private Limited Company

SIC codes:
16100 Sawmilling and planing of wood





SUMMARY

This company is 28.8 years old and is currently active. It is controlled by multiple entities. The latest reported revenue figure is GBP 149.3 million which is similar to the previous year's figure of GBP 156.6 million. The company has 4 active officers (directors or partners) who are or were officers of 5 other companies. 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: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 149,257,000 -1,604,000 98,000 673,000 311,000 -1,886,000
31-Dec-2017 GBP 156,609,000 176,000 51,000 530,000
26-Jun-2017 GBP 161,471,000 6,553,000 93,000 469,000 885,000 5,464,000
01-Dec-2015 GBP 460,548,000 5,822,000 65,000 839,000 1,338,000 3,744,000
31-Dec-2014 GBP 170,469,000 1,997,000 64,000 609,000 1,390,000
29-Sep-2014 GBP 182,237,000 3,550,000 99,000 767,000 2,532,000
31-Dec-2012 GBP 198,193,000 11,623,000 111,000 2,822,000 8,155,000
31-Dec-2011 GBP 211,911,000 9,799,000 77,000 2,095,000 6,871,000
31-Dec-2010 GBP 218,364,000 6,478,000 105,000 396,000 3,181,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 25,754,000 30,000,000 7,486,000
31-Dec-2017 GBP 1,173,000 51,788,000 28,656,000 30,000,000
26-Jun-2017 GBP 156,000 53,653,000 30,012,000 30,000,000 5,710,000 36,291,000
01-Dec-2015 GBP
31-Dec-2014 GBP 1,655,000 42,879,000 13,441,000 30,000,000 -517,000 30,064,000
29-Sep-2014 GBP 180,000 50,416,000 18,560,000 13,537,000 30,000,000 7,032,000 37,613,000
31-Dec-2012 GBP 1,690,000 53,972,000 20,439,000 13,338,000 30,000,000 7,509,000 38,090,000
31-Dec-2011 GBP 3,347,000 54,924,000 24,126,000 13,242,000 30,000,000 6,906,000 37,487,000
31-Dec-2010 GBP 2,189,000 52,684,000 24,845,000 13,411,000 30,000,000 5,254,000 35,835,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
26-Jun-2017 GBP 100.00% 30,000,000 0 30,000,000 14,922,000
01-Dec-2015 GBP inf% -30,000,000 30,000,000 0 20,893,000
* 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 Gavin Howard EVANS 14 Apr 2023 29 Mar 2024 1 - 0
Resigned Alice OLSSON 27 Jun 2017 14 Apr 2023 0 - 1
Resigned Naomal Lanil WIJESOORRIYA 17 Jan 2007 27 Jun 2017 Accountant British 0 - 1
Resigned Frederick Victor WARNER 01 Oct 2002 17 Jan 2007 1 - 10
Resigned Lauri Tapio PELTOLA 14 Sep 1995 30 Sep 2002 0 - 25

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Gavin Howard EVANS 14 Apr 2023 Accountant British 3 - 20 (0.0%)
Active Jaakko Veikko ANTTILA 11 Feb 2022 Director Finnish 1 - 00 (0.0%)
Active Olli Matti PAJULA 01 May 2019 Managing Director Finnish 1 - 00 (0.0%)
Resigned David Charles ADAMS 13 Aug 2018 06 Dec 2018 Managing Director British 0 - 21 (50.0%)
Resigned Alice OLSSON 26 Jun 2017 14 Apr 2023 Finance Director British 0 - 81 (12.5%)
Active Henrik SODERSTROM 06 Nov 2013 Senior Vice President Timber & Upgrades Finnish 1 - 11 (50.0%)
Resigned David Arthur BYGRAVES 14 Dec 2012 21 Jul 2014 Vice President Timber & Upgrades British 1 - 20 (0.0%)
Resigned David Arthur BYGRAVES 14 Dec 2012 21 Jul 2014 Vice President Timber & Upgrades British 0 - 20 (0.0%)
Resigned Heikki Antero VEPSALAINEN 14 Dec 2012 05 Jun 2013 Senior Vice President Timber & Upgrades Metsa Wood Finnish 0 - 10 (0.0%)
Resigned Michael Gordon WARD 10 May 2012 22 Feb 2018 Managing Director British 4 - 2314 (51.9%)
Resigned Michael LOMAS 10 Apr 2012 31 Jul 2016 Vice President European Operations British 0 - 10 (0.0%)
Resigned Joni LUKKAROINEN 21 Mar 2012 12 Jul 2012 Senior Vice President Finnish 0 - 10 (0.0%)
Resigned Ole Verner SALVEN 01 Feb 2006 30 Mar 2012 Director Finnish 0 - 21 (50.0%)
Resigned Mikko KILPELAINEN 01 Jan 2005 19 Jan 2007 Senior Vice President Finance Finnish 0 - 32 (66.7%)
Resigned Thomas John TONG 01 Feb 2003 28 Feb 2011 Sales Director British 2 - 11 (33.3%)
Resigned Nigel John MCKILLOP 01 Jul 2002 30 Sep 2005 Director British 0 - 30 (0.0%)
Resigned Naomal Lanil WIJESOORIYA 01 Feb 2002 27 Jun 2017 Finance Director British 4 - 96 (46.2%)
Resigned Roderick Bruce ALLAN 01 Mar 2001 29 Feb 2012 Managing Director British 1 - 42 (40.0%)
Resigned David Anthony Douglas TAYLOR 01 Mar 2001 31 Dec 2001 Director British 0 - 32 (66.7%)
Resigned Mark Duncan TONGE 01 Mar 2001 30 Sep 2005 Logistics & It British 2 - 41 (16.7%)
Resigned Frederick Victor WARNER 01 Mar 2001 17 Jan 2007 Director British 1 - 102 (18.2%)
Resigned Nicholas DAVENPORT 01 Mar 2001 31 Dec 2012 Procurement Director British 3 - 21 (20.0%)
Resigned Roderick Bruce ALLAN 01 Mar 2001 29 Feb 2012 Managing Director British 0 - 31 (33.3%)
Resigned Simon John KNIGHT 01 Jul 2000 30 Apr 2002 Company Director British 0 - 30 (0.0%)
Resigned John TONG 01 Jul 2000 05 Feb 2010 Chairman British 0 - 120 (0.0%)
Resigned Ole Verner SALVEN 01 Jan 2000 30 Jan 2004 Managing Director Finnish 0 - 41 (25.0%)
Resigned Jouko Matti JAAKKOLA 01 Jan 2000 10 Aug 2001 Senior Vice President Finnish 0 - 10 (0.0%)
Resigned Ismo Antero PELTOMAKI 24 Apr 1999 01 Jan 2000 Director Finnish 0 - 31 (33.3%)
Resigned Ari MARTONEN 24 Apr 1999 30 Sep 2005 Managing Director Finnish 0 - 21 (50.0%)
Resigned Linda PRITCHARD 22 Dec 1997 30 Apr 1998 I T Director British 0 - 40 (0.0%)
Resigned William Kenneth EDWARDS 22 Dec 1997 22 Apr 1999 Director British 0 - 41 (25.0%)
Resigned Jussi JUSELIUS 14 Jun 1996 31 Jul 1997 Director Finnish 0 - 21 (50.0%)
Resigned Karl Johan LINDBORG 14 Jun 1996 31 Dec 1998 Director Finnish 0 - 63 (50.0%)
Resigned Andrew MACDONALD 28 Mar 1996 31 Jul 1998 Director British 0 - 10 (0.0%)
Resigned Ilkka SILVANTO 28 Mar 1996 01 Oct 2004 Director Finnish 0 - 42 (50.0%)
Resigned Andrew BLIGH 28 Mar 1996 29 May 1998 Director British 2 - 21 (25.0%)
Resigned Antti Johannes REINIKKA 03 Oct 1995 22 Apr 1999 Company Director Finnish 0 - 21 (50.0%)
Resigned Ole Verner SALVEN 19 Sep 1995 22 Apr 1999 Financial Director Finnish 0 - 41 (25.0%)
Resigned Linda PRITCHARD 14 Sep 1995 28 Mar 1996 It Director British 0 - 40 (0.0%)
Resigned Frederick Victor WARNER 14 Sep 1995 28 Mar 1996 Director British 1 - 102 (18.2%)
Resigned Jorma Juhani VAAJOKI 14 Sep 1995 31 Jul 1996 Company Director Finnish 0 - 21 (50.0%)
Resigned John TONG 14 Sep 1995 22 Apr 1999 Company Director British 0 - 120 (0.0%)
Resigned George Edward Hyslop ANDERSON 14 Sep 1995 31 Dec 1996 Company Director British 0 - 50 (0.0%)
Resigned Martin Edgar RICHARDS 21 Jun 1995 14 Sep 1995 British 0 - 873442 (50.6%)
Resigned Peter John CHARLTON 21 Jun 1995 14 Sep 1995 British 0 - 598291 (48.7%)
Resigned CLIFFORD CHANCE SECRETARIES LIMITED 21 Jun 1995 14 Sep 1995 0 - 19461092 (56.1%)
Number of active directors: 4
Average tenure of active directors: 4.6 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 12.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
EATON MEDC LIMITED (01202172) - Active
METSA WOOD UK LIMITED (03071064) - Active
METSA WOOD UK HOLDINGS LTD (03085887) - Liquidation
FINNFOREST PENSION TRUSTEES LTD (03123349) - Active
M-REAL UK PENSION TRUSTEES LIMITED (06346657) - Active
OXALIS GROUP LIMITED (07083584) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-07-212014-07-212013-07-112012-06-212011-06-21
METSA WOOD UK HOLDINGS LTDORDINARY25,000,000
83.3%
25,000,000
83.3%
25,000,000
83.3%
25,000,000
83.3%
0
0%
METSA WOOD UK HOLDINGS LTDPREFERENCE5,000,000
16.7%
5,000,000
16.7%
5,000,000
16.7%
5,000,000
16.7%
0
0%
FINNFOREST UK HOLDINGS LTDORDINARY0
0%
0
0%
0
0%
0
0%
25,000,000
83.3%
FINNFOREST UK HOLDINGS LTDPREFERENCE0
0%
0
0%
0
0%
0
0%
5,000,000
16.7%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

METSA WOOD UK LIMITED

Controlled companies below

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
2023-07-01 2023-12-31 32 3% 18% 78657
2023-01-01 2023-06-30 30 1% 22% 72062
2022-07-01 2022-12-31 25 1% 23% 65576
2022-01-01 2022-06-30 33 4% 24% 59170
2021-07-01 2021-12-31 29 3% 25% 53103
2021-01-01 2021-06-30 29 3% 26% 45654
2020-07-01 2020-12-31 29 3% 23% 39232
2020-01-01 2020-06-30 24 2% 22% 31896
2019-07-01 2019-12-31 23 2% 22% 24894
2019-01-01 2019-06-30 25 3% 25% 16888
2018-07-01 2018-12-31 23 4% 32% 9423
2018-01-01 2018-06-30 28 5% 26% 5013


COURT CASES


No Court Cases found

PATENTS


Title Date filed Status Publication number
A void safety system 2015-10-19 Pending GB2537440
An adjustable hinge 2013-12-04 Awaiting First Examination GB2520951
Kit comprising a panel with a channel and a insert that fits into the channel. 2012-11-05 Terminated GB2507559

COMPETITORS

(Based on Sic code: 16100 Sawmilling and planing of wood)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
MARLEY ETERNIT LIMITED WELLINGTON ROAD, BURTON UPON TRENT, STAFFORDSHIRE, ENGLAND, DE14 2AP 00486100 2017-12-31 210,300,000 30,100,000 23490-Manufacture of other ceramic products not elsewhere classified
23610-Manufacture of concrete products for construction purposes
23650-Manufacture of fibre cement
JAMES JONES & SONS LIMITED BROOMAGE AVENUE, LARBERT, FK5 4NQ SC005832 2017-12-31 163,876,000 27,265,000 16290-Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
METSA WOOD UK LIMITED OLD GOLF COURSE, FISHTOFT ROAD, BOSTON, LINCOLNSHIRE, PE21 0BJ 03071064 2017-12-31 156,609,000 -284,000
JAMES DONALDSON & SONS LIMITED DONALDSON HOUSE SALTIRE CENTRE, PENTLAND PARK, GLENROTHES, SCOTLAND, KY6 2AG SC010528 2018-03-31 153,592,000 6,097,000
BALCAS TIMBER LIMITED 75 KILLADEAS ROAD, LARAGH, BALLINAMALLARD, ENNISKILLEN, COUNTY FERMANAGH, BT94 2ES NI026014 2017-12-31 84,738,000 1,768,000
ARBOR FOREST PRODUCTS LIMITED THE LINCOLN CASTLE LINCOLN CASTLE WAY, NEW HOLLAND, BARROW-UPON-HUMBER, NORTH LINCOLNSHIRE, ENGLAND, DN19 7RX 00501259 2018-03-31 83,325,000 3,710,000 46130-Agents involved in the sale of timber and building materials
DAVID COVER AND SON LIMITED SUSSEX HOUSE, QUARRY LANE, CHICHESTER, WEST SUSSEX, PO19 8PE 00396804 2017-12-31 77,292,077 3,345,009 46130-Agents involved in the sale of timber and building materials
46730-Wholesale of wood, construction materials and sanitary equipment
FOREST GARDEN LIMITED UNIT 288 HARTLEBURY TRADING ESTATE, HARTLEBURY, KIDDERMINSTER, WORCESTERSHIRE, DY10 4JB 01771349 2017-12-31 55,696,000 61,000
C & W BERRY LIMITED WELLFIELD SAWMILLS, KING STREET, LEYLAND PRESTON, LANCASHIRE, PR25 2LE 01464224 2017-10-31 48,123,188 3,129,548 16230-Manufacture of other builders' carpentry and joinery
46730-Wholesale of wood, construction materials and sanitary equipment
46740-Wholesale of hardware, plumbing and heating equipment and supplies
PONTRILAS SAWMILLS LIMITED PONTRILAS, HEREFORDSHIRE, HR2 0BE 00457573 2018-07-31 46,331,786 1,326,277
HARLOW BROS. LIMITED HATHERN ROAD, LONG WHATTON, LOUGHBOROUGH, LEICESTERSHIRE, LE12 5DE 00907445 2017-06-30 31,685,192 0 16230-Manufacture of other builders' carpentry and joinery
16290-Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
BAYRAM TIMBER LIMITED GIBSON LANE, MELTON, NORTH FERRIBY, EAST YORKSHIRE, HU14 3HF 03995988 2017-10-31 21,950,494 0
ROWAN TIMBER SUPPLIES (SCOTLAND) LIMITED C/O BLACKADDERS LLP, 53 BOTHWELL STREET, GLASGOW, SCOTLAND, G2 6TS SC068805 2017-08-31 20,541,855 0 16230-Manufacture of other builders' carpentry and joinery
46730-Wholesale of wood, construction materials and sanitary equipment
GLENMERE TIMBER COMPANY LIMITED HOPTONS SAWMILL, GORES LANE, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8AJ 01139262 2018-03-31 12,405,700 0 46730-Wholesale of wood, construction materials and sanitary equipment
VINCENT TIMBER LIMITED 8 MONTGOMERY STREET, SPARKBROOK, BIRMINGHAM, B11 1DU 00107182 2017-09-30 11,177,816 0
FIRWOOD TIMBER & PLYWOOD CO. LIMITED BURSCOUGH INDUSTRIAL ESTATE, HIGGINS LANE, BURSCOUGH, ORMSKIRK, LANCASHIRE, L40 8JS 01213142 2018-03-31 10,535,567 0 46130-Agents involved in the sale of timber and building materials
46730-Wholesale of wood, construction materials and sanitary equipment
46740-Wholesale of hardware, plumbing and heating equipment and supplies
WATFORD TIMBER COMPANY LIMITED 1 TOWER HOUSE TOWER CENTRE, HODDESDON, HERTFORDSHIRE, EN11 8UR 00269521 2018-01-31 10,524,906 0
NORTH WEST TIMBER TREATMENT LIMITED NWTT HOUSE LOCKETT ROAD, SOUTH LANCS INDUSTRIAL ESTATE, ASHTON IN MAKERFIELD, WIGAN, WN4 8DE 01993494 2017-12-31 8,755,103 0
ROBBINS HOLDINGS LIMITED 8-18 BROOKGATE, ASHTON VALE TRADING ESTATE, BRISTOL, BS3 2UN 08972354 2017-12-31 7,003,276 0
PTG TREATMENTS LIMITED VICTORIA HOUSE 29 VICTORIA ROAD, HORWICH, GREATER MANCHESTER, UNITED KINGDOM, BL6 5NA 00549613 2018-03-31 2,940,241 0
WEST SUSSEX ANTIQUE TIMBER CO. LTD. RELIANCE WORKS, NEWPOUND, WISBOROUGH GREEN, WEST SUSSEX, RH14 0AZ 02416726 2017-07-31 1,343,074 0 16290-Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
CREATIVE WOOD SOLUTIONS LTD WYEVERN, NEWBRIDGE-ON-WYE, LLANDRINDOD WELLS, WALES, LD1 6LD 08672832 2018-09-30 83,604 0
URBAN BIOMASS LTD 31A DERRYBEG LANE, NEWRY, NORTHERN IRELAND, BT35 6JW NI627395 2018-10-31 39,373 0
BSW TIMBER LIMITED EAST END, EARLSTON, BERWICKSHIRE, TD4 6JA SC108926 0000-00-00 0 0
THORNBRIDGE SAWMILLS LIMITED THORNBRIDGE YARD, LAURIESTON ROAD, GRANGEMOUTH, STIRLINGSHIRE, FK3 8XX SC188920 0000-00-00 0 0 16230-Manufacture of other builders' carpentry and joinery
46130-Agents involved in the sale of timber and building materials
46730-Wholesale of wood, construction materials and sanitary equipment

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
METSA WOOD UK 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 0.7% 3.5% 7.0% Medium
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