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DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED
WINTERHAY LANE, ILMINSTER, SOMERSET, TA19 9PHCompany Number: 03616334
Incorporation date: 17-Aug-1998
Status: Active
Entity type: Private Limited Company
SIC codes:
28150 Manufacture of bearings, gears, gearing and driving elements
SUMMARY
This company is 25.7 years old and is currently active. It is controlled by Daido Metal Co., Ltd. The company has negative equity (net assets) of EUR -6 thousand which has worsened since the previous year's figure of EUR -4.6 million. The latest reported revenue figure is EUR 179 which is down -100% 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 (EUR -19.5 thousand), 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 6 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: 30-Sep-2024Accounts 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 | EUR | 179 | -398 | ||||
31-Dec-2017 | EUR | 10,772,000 | -1,339,000 | 143,000 | |||
31-Dec-2016 | EUR | 9,706 | 3,453 | 154 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2018 | EUR | 345 | 10,061 | 19,334 | 13,500 | -19,474 | -5,974 | ||
31-Dec-2017 | EUR | 547,000 | 9,303,000 | 13,000 | 14,000 | 18,000 | 18,000 | -4,576,000 | |
31-Dec-2016 | EUR | 1,901 | 9,373 | 14,644 | 122 | 13,500 | -16,594 | -3,094 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | EUR | -33.33% | -4,500 | 18,000 | 13,500 | -250,923 |
31-Dec-2017 | EUR | 25.00% | 4,500 | 13,500 | 18,000 | -251,640 |
** 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) |
---|---|---|---|---|---|---|
Active | Toshikazu ICHIHASHI | 01 Oct 2022 | 18 Apr 2024 | 1 - 0 | ||
Resigned | Mark HOPKINS | 01 Sep 2020 | 01 Sep 2022 | 0 - 1 | ||
Resigned | Nicola Jane GREEN | 07 Dec 2016 | 01 Sep 2020 | 0 - 1 | ||
Resigned | Yoshihiro SANO | 04 Jul 2014 | 07 Dec 2016 | British | 0 - 1 | |
Resigned | Keiichi KOGURE | 04 Feb 2010 | 04 Jul 2014 | 0 - 1 | ||
Resigned | David IRELAND | 31 Aug 2001 | 31 Dec 2009 | 0 - 3 | ||
Resigned | Andrew Christopher BOYDELL | 30 Sep 2000 | 31 Aug 2001 | 13 - 88 | ||
Resigned | Patricia Josephine ROBINSON | 03 Nov 1998 | 30 Sep 2000 | 0 - 67 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Koji ISHIHARA | 01 Apr 2023 | No.2 Company President - Dmj | Japanese | 1 - 0 | 0 (0.0%) | |
Active | Hiroki IWAKURA | 01 Apr 2022 | Executive Officer, Daido Metal Co., | Japanese | 2 - 0 | 0 (0.0%) | |
Active | Hiroki IWAKURA | 01 Apr 2022 | Executive Officer, Daido Metal Co., | Japanese | 1 - 0 | 0 (0.0%) | |
Active | Shizuo TATSUKI | 01 Apr 2022 | No2 Company President-Daido Metal C | Japanese | 1 - 0 | 0 (0.0%) | |
Resigned | Shizuo TATSUKI | 01 Apr 2022 | 01 Apr 2023 | No2 Company President-Daido Metal C | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Shingo ASAI | 26 Mar 2020 | 01 Apr 2022 | President Of No. 2 Company | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Nobutaka HIRAMATSU | 27 Nov 2019 | 26 Mar 2020 | President Of No.2 & No.5 Company | Japanese | 0 - 1 | 0 (0.0%) |
Active | Toshikazu ICHIHASHI | 27 Nov 2019 | Managing Director | Japanese | 2 - 0 | 0 (0.0%) | |
Resigned | Shigeto TSUCHIYA | 08 Apr 2019 | 27 Nov 2019 | President Of Marine & Industrial Bearings Division | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Yoshitaka EMOTO | 06 Jul 2018 | 08 Apr 2019 | General Manager Business Promotions | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Naoki KURITA | 06 Jul 2018 | 01 Apr 2022 | General Manager Of Finance Dept. | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Mark HOPKINS | 04 Jul 2017 | 01 Sep 2022 | Managing Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Nicola Jane GREEN | 07 Dec 2016 | 01 Sep 2020 | Managing Director | British | 1 - 1 | 0 (0.0%) |
Resigned | Nobutaka HIRAMATSU | 27 Apr 2016 | 06 Jul 2018 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Keiichi KOGURE | 27 Apr 2016 | 06 Jul 2018 | Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Shingo ASAI | 08 Jun 2015 | 27 Apr 2016 | Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Toshiyuki SASAKI | 08 Jun 2015 | 27 Apr 2016 | Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Yoshihiro SANO | 04 Jul 2014 | 07 Dec 2016 | Managing Director | Japanese | 0 - 2 | 0 (0.0%) |
Active | Kenji SHODA | 04 Jul 2014 | Director | Japanese | 2 - 0 | 0 (0.0%) | |
Resigned | Kotaro KASHIYAMA | 08 May 2012 | 08 Jun 2015 | President & Coo, Daido Metal Co Ltd | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Toshiaki KAWACHI | 08 May 2012 | 27 Apr 2016 | Managing Director - Dibe | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Atsushi OKADO | 08 May 2012 | 08 Jun 2015 | Marine & Industrial Div. Manager -Dmj | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Motohisa UESATO | 11 Jul 2011 | 08 May 2012 | President Heavy Wall Company Daido Metal Co. Ltd | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Keiichi KOGURE | 29 Jun 2009 | 04 Jul 2014 | Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Frank MUENCHOW | 05 Jul 2007 | 07 Oct 2010 | Technical Director | German | 0 - 1 | 0 (0.0%) |
Resigned | Issei YOSHIDA | 15 Jun 2004 | 30 Jun 2009 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Toshiyuki SASAKI | 06 Jun 2004 | 11 Jul 2011 | Director | Japanese | 0 - 3 | 0 (0.0%) |
Resigned | Hidehiko TAMURA | 09 Jun 2003 | 06 Jun 2005 | Managing Director | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Ian DARKE | 31 Aug 2001 | 09 Jun 2003 | Business Development Dir | British | 0 - 5 | 2 (40.0%) |
Resigned | Kikuo NOHARA | 31 Aug 2001 | 08 May 2012 | Company Manager | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Michael KENDRICK | 01 Oct 2000 | 15 Jun 2004 | Sales And Marketing Manager | British | 0 - 1 | 0 (0.0%) |
Resigned | Ian John MELHUISH | 18 Apr 2000 | 30 Sep 2000 | Sales/Marketing Manager | British | 0 - 1 | 0 (0.0%) |
Resigned | Hidehiko TAMURA | 01 Apr 2000 | 31 Aug 2001 | President Heavy Wall Co | Japanese | 0 - 2 | 0 (0.0%) |
Resigned | Kotaro KAHIYAMA | 01 Apr 1999 | 01 Apr 2000 | President Heavy Wall Co | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Neil Anthony GRAHAM | 03 Nov 1998 | 07 Oct 2010 | Director | British | 0 - 15 | 5 (33.3%) |
Resigned | Seigo HANJI | 03 Nov 1998 | 08 Jun 2015 | Director | Japanese | 1 - 2 | 0 (0.0%) |
Resigned | David IRELAND | 03 Nov 1998 | 31 Dec 2009 | Financial Controller | British | 0 - 3 | 0 (0.0%) |
Resigned | Dominic Gregory Edmund JEPHCOTT | 03 Nov 1998 | 18 Apr 2000 | General Manager | British | 0 - 8 | 2 (25.0%) |
Resigned | Tadashi, Dr TANAKA | 03 Nov 1998 | 01 Apr 1999 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | Brian Leonard, Dr RUDDY | 03 Nov 1998 | 20 Dec 2006 | Vice President And Managing Di | British | 0 - 5 | 1 (20.0%) |
Resigned | Issey YOSHIDA | 03 Nov 1998 | 09 Jun 2003 | Director | Japanese | 0 - 1 | 0 (0.0%) |
Resigned | PINSENT MASONS SECRETARIAL LIMITED | 17 Aug 1998 | 03 Nov 1998 | 0 - 277 | 130 (46.9%) | ||
Resigned | PINSENT MASONS DIRECTOR LIMITED | 17 Aug 1998 | 03 Nov 1998 | 0 - 271 | 120 (44.3%) |
Average tenure of active directors: 3.6 years
Average tenure of resigned directors: 3.6 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2016-08-17 | 2015-08-17 | 2014-08-17 | 2013-08-17 | 2012-08-17 | ||
DAIDO METAL CO., LTD | ORDINARY | 13,500,000 100% | 0 0% | 0 0% | 0 0% | 0 0% |
DAIDO METAL CO., LIMITED | ORDINARY | 0 0% | 13,500,000 100% | 13,500,000 100% | 13,500,000 100% | 13,500,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED
no controlled companies
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 |
---|---|---|---|
2010-02-10 | Stuckey v Daido Industrial Bearings Europe Ltd & Anor | [2010] UKEAT 0360_09_1002 |
PATENTS
COMPETITORS
(Based on Sic code:
28150 Manufacture of bearings, gears, gearing and driving elements)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
SCHAEFFLER (UK) LIMITED | SCHAEFFLER (UK) LIMITED WALESWOOD ROAD, WALES BAR, SHEFFIELD, ENGLAND, S26 5PN | 00556493 | 2017-12-31 | 308,736,463 | 19,202,847 |
29320-Manufacture of other parts and accessories for motor vehicles 45310-Wholesale trade of motor vehicle parts and accessories |
ERIKS INDUSTRIAL SERVICES LIMITED | ERIKS, SEVEN STARS ROAD, OLDBURY, WEST MIDLANDS, UNITED KINGDOM, B69 4JR | 03142338 | 2017-12-31 | 274,120,000 | 10,033,000 |
33140-Repair of electrical equipment 46690-Wholesale of other machinery and equipment |
SKF (U.K) LIMITED | SUNDON PARK ROAD,, LUTON,, BEDFORDSHIRE, LU3 3BL | 00107367 | 2017-12-31 | 236,622,000 | 16,258,000 | |
NSK BEARINGS EUROPE LIMITED | THE PLACE, BRIDGE AVENUE, MAIDENHEAD, ENGLAND, SL6 1AF | 01165693 | 2018-03-31 | 201,256,000 | 6,272,000 | |
JCB TRANSMISSIONS | ROCESTER, UTTOXETER, STAFFORDSHIRE, ST14 5JP | 01832206 | 2017-12-31 | 158,053,000 | 13,651,000 | |
ROTORK CONTROLS LIMITED | ROTORK HOUSE, BRASSMILL LANE, BATH, BA1 3JQ | 00608345 | 2017-12-31 | 95,425,000 | 31,020,000 | |
KOYO BEARINGS (EUROPE) LIMITED | JTEKT AUTOMOTIVE ENGLAND LTD ELMHIRST LANE, SILKSTONE, BARNSLEY, ENGLAND, S75 4LD | 02469122 | 2018-03-31 | 49,190,000 | -1,585,000 | |
BARDEN CORPORATION(U.K.)LIMITED(THE) | PLYMBRIDGE ROAD, ESTOVER, PLYMOUTH, DEVON, PL6 7LH | 00450577 | 2017-12-31 | 41,520,092 | 6,489,401 |
29320-Manufacture of other parts and accessories for motor vehicles |
MAHLE ENGINE SYSTEMS UK LIMITED | COSTIN HOUSE, ST JAMES MILL ROAD, NORTHAMPTON, ENGLAND, NN5 5TZ | 06080706 | 2017-12-31 | 40,732,000 | -3,077,000 | |
DANA SAC UK LIMITED | BRIDGEWAY HOUSE, BRIDGEWAY, STRATFORD UPON AVON, ENGLAND, CV37 6YX | 02069720 | 2018-12-31 | 9,947,425 | 0 | |
L C & M LIMITED | BAY 18, BEEVOR STREET, LINCOLN, LINCOLNSHIRE, LN6 7DN | 04677843 | 2018-03-31 | 5,844,738 | 0 | |
JHS GEARS LIMITED | BEECH HOUSE BRENCHLEY ROAD, BRENCHLEY, TONBRIDGE, ENGLAND, TN12 7PB | 09452010 | 2018-02-28 | 206,529 | 0 |
29320-Manufacture of other parts and accessories for motor vehicles 30200-Manufacture of railway locomotives and rolling stock |
OCTECA LTD | MULBERRY HOUSE TOWNSEND, HARWELL, DIDCOT, OXFORDSHIRE, ENGLAND, OX11 0DX | 10709288 | 2019-03-31 | 32,333 | 0 |
71122-Engineering related scientific and technical consulting activities 71200-Technical testing and analysis 74100-specialised design activities |
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 |
---|---|---|---|---|
DAIDO INDUSTRIAL BEARINGS EUROPE 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 |