DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED

WINTERHAY LANE, ILMINSTER, SOMERSET, TA19 9PH

Company 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-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	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	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

* 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	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%)

Number of active directors: 6
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

Name	Koji ISHIHARA	Hiroki IWAKURA	Hiroki IWAKURA	Shizuo TATSUKI	Toshikazu ICHIHASHI	Kenji SHODA
DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED (03616334) - Active	✔	✔	✔	✔	✔	✔
DAIDO METAL EUROPE LIMITED (05671277) - Active		✔			✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	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

>75%:Daido Metal Co., Ltd (1800-01-012595 - Japan) active

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

Title	Date filed	Status	Publication number
Bismuth-based composite coating for overlay applications in plain bearings	2014-11-28	Terminated	GB2534120
A plain bearing providing a visual indication of wear	2004-12-30	Granted	GB2421769

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