Do you have a dispute with a business?
Make it public
HEXCEL REINFORCEMENTS UK LIMITED
ICKLETON ROAD, DUXFORD, CAMBRIDGE, CB22 4QBPrevious name: FORMAX (UK) LTD (changed on 01-Mar-2016)
Company Number: 03685736
Incorporation date: 18-Dec-1998
Status: Active
Entity type: Private Limited Company
SIC codes:
13100 Preparation and spinning of textile fibres
SUMMARY
This company is 25.3 years old and is currently active. It is controlled by Hexcel Composites Limited. The company has negative equity (net assets) of GBP -12.5 million which has worsened since the previous year's figure of GBP -10.9 million. The latest reported revenue figure is GBP 19.1 million which is up 20% on previous year's figure of GBP 15.3 million. 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 (GBP -13.4 million), 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 4 active officers (directors or partners) who are or were officers of 8 other companies. 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-2022 | GBP | 19,117,000 | -2,211,000 | 365,000 | -1,161,000 | -1,415,000 | |
31-Dec-2021 | GBP | 15,329,000 | -3,329,000 | 67,000 | -506,000 | -2,890,000 | |
31-Dec-2020 | GBP | 15,135,000 | -2,640,000 | 104,000 | -794,000 | -1,950,000 | |
31-Dec-2019 | GBP | 21,764,000 | -3,057,000 | 256,000 | -489,000 | -2,824,000 | |
31-Dec-2018 | GBP | 24,990,000 | -3,517,000 | 264,000 | -3,204,000 | ||
31-Dec-2017 | GBP | 28,295,000 | -2,637,000 | 5,000 | 368,000 | -323,000 | -2,677,000 |
31-Dec-2016 | GBP | 25,980,000 | -943,000 | 634,000 | -333,000 | -1,244,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 8,252,000 | 882,000 | -13,366,000 | -12,484,000 | ||||
31-Dec-2021 | GBP | 7,001,000 | 882,000 | -11,951,000 | -10,904,000 | ||||
31-Dec-2020 | GBP | 6,404,000 | 882,000 | -9,061,000 | -8,014,000 | ||||
31-Dec-2019 | GBP | 6,517,000 | 21,720,000 | 882,000 | -7,111,000 | -5,896,000 | |||
31-Dec-2018 | GBP | 9,271,000 | 22,598,000 | 882,000 | -4,287,000 | -3,072,000 | |||
31-Dec-2017 | GBP | 11,906,000 | 21,329,000 | 882,000 | -1,083,000 | 174,000 | |||
31-Dec-2016 | GBP | 295,000 | 9,881,000 | 882,000 | 1,594,000 | 2,893,000 | |||
31-Dec-2015 | GBP | 4,124,000 | 882,000 | 2,838,000 | 4,179,000 |
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 | Terra POTTER | 29 Apr 2020 | 28 Mar 2024 | 1 - 0 | ||
Resigned | Steven WEIN | 08 May 2019 | 29 Apr 2020 | 0 - 1 | ||
Resigned | Ian BLAYDON | 04 Oct 2016 | 18 Apr 2019 | 0 - 1 | ||
Resigned | Peter Thomas Anthony YOUNG | 08 Dec 2014 | 29 Mar 2016 | British | 0 - 1 | |
Resigned | Geoffrey Ian BOLTON | 09 Jan 2002 | 11 Dec 2014 | 0 - 9 | ||
Resigned | Roger John WREFORD | 30 Dec 1998 | 09 Jan 2002 | 0 - 27 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Neil Peter HOWARD | 01 May 2023 | Business Development Director | British | 1 - 0 | 0 (0.0%) | |
Active | Thierry Philippe MERLOT | 27 Oct 2020 | Manager | French | 2 - 2 | 0 (0.0%) | |
Active | Gail LEHMAN | 18 Jan 2017 | General Counsel | American | 7 - 0 | 0 (0.0%) | |
Resigned | Wayne Charles PENSKY | 05 Jan 2016 | 11 Sep 2017 | Chief Financial Officer | American | 0 - 6 | 0 (0.0%) |
Resigned | John DENT | 11 Dec 2014 | 05 Jan 2016 | Chartered Accountant | British | 3 - 4 | 2 (28.6%) |
Active | Patrick Joseph WINTERLICH | 08 Dec 2014 | Vp And Chief Information Officer | British | 7 - 2 | 1 (11.1%) | |
Resigned | Timothy SWORDS | 08 Dec 2014 | 16 Mar 2020 | Vp And General Manager | American | 0 - 1 | 0 (0.0%) |
Resigned | Bridget Mary WESSELY | 19 Apr 2011 | 11 Dec 2014 | Director | British | 2 - 1 | 0 (0.0%) |
Resigned | Peter Martin Maxwell GEORGE | 01 Jan 2011 | 11 Dec 2014 | Consultant | British | 0 - 2 | 1 (50.0%) |
Resigned | John Miles BRIERLEY | 09 Jan 2002 | 11 Dec 2014 | Director | British | 3 - 8 | 1 (9.1%) |
Resigned | Geoffrey Ian BOLTON | 09 Jan 2002 | 11 Dec 2014 | Director | British | 0 - 9 | 3 (33.3%) |
Resigned | Oliver Sebastian WESSELY | 16 Nov 2001 | 12 Jul 2017 | Sales Manager | British | 8 - 3 | 2 (18.2%) |
Resigned | Brian Stephen WESSELY | 30 Dec 1998 | 19 Apr 2011 | Textile Manufacturer | British | 0 - 8 | 4 (50.0%) |
Resigned | Roger John WREFORD | 30 Dec 1998 | 09 Jan 2002 | Accountant | British | 0 - 27 | 7 (25.9%) |
Resigned | CREDITREFORM SECRETARIES LIMITED | 18 Dec 1998 | 30 Dec 1998 | 0 - 569 | 232 (40.8%) | ||
Resigned | CREDITREFORM LIMITED | 18 Dec 1998 | 30 Dec 1998 | 0 - 760 | 329 (43.3%) |
Average tenure of active directors: 5.2 years
Average tenure of resigned directors: 6.0 years
Average active director Dissolution Rate: 2.8%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||||
---|---|---|---|---|---|
HEXCEL CHEMICAL PRODUCTS LTD (01071897) - Dissolved | ✔ | ||||
HEXCEL (U.K.) LIMITED (01088844) - Active | ✔ | ✔ | ✔ | ||
HEXCEL COMPOSITES LIMITED (03069887) - Active | ✔ | ✔ | ✔ | ||
HEXCEL COMPOSITES PENSION TRUSTEES LIMITED (03233405) - Active | ✔ | ||||
HEXCEL REINFORCEMENTS UK LIMITED (03685736) - Active | ✔ | ✔ | ✔ | ✔ | |
HEXCEL OVERSEAS (03716807) - Active | ✔ | ✔ | |||
HEXCEL HOLDINGS (UK) LIMITED (04106137) - Active | ✔ | ✔ | ✔ | ||
HEXCEL EUROPE LIMITED (04551579) - Active | ✔ | ✔ | |||
HEXCEL RESEARCH LIMITED (08731577) - Active | ✔ | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2019-12-18 | 2015-12-18 | 2014-12-18 | 2013-12-18 | 2012-12-18 | ||
HEXCEL COMPOSITES LIMITED | ORDINARY B | 441,000 50% | 441,000 50% | 441,000 50% | 0 0% | 0 0% |
HEXCEL COMPOSITES LIMITED | ORDINARY A | 441,000 50% | 0 0% | 0 0% | 0 0% | 0 0% |
OLIVER WESSELY | ORDINARY A | 0 0% | 441,000 50% | 441,000 50% | 231,966 26.3% | 231,966 26.3% |
TRUSTEES OF THE PETER BRIERLEY 1997 GRANDCHILDERENS ACCUMULATION AND | ORDINARY B | 0 0% | 0 0% | 0 0% | 441,000 50% | 441,000 50% |
BRAZITECH HOLDING LIMITED | ORDINARY A | 0 0% | 0 0% | 0 0% | 209,034 23.7% | 209,034 23.7% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
HEXCEL REINFORCEMENTS UK 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 |
---|---|---|---|
2016-05-04 | Saertex France SAS v Hexcel Reinforcements UK Ltd | [2016] EWHC 966 (IPEC) |
PATENTS
COMPETITORS
(Based on Sic code:
13100 Preparation and spinning of textile fibres)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
INVISTA TEXTILES (U.K.) LIMITED | 20 GRESHAM STREET, 4TH FLOOR, LONDON, UNITED KINGDOM, EC2V 7JE | 04558109 | 2017-12-31 | 1,197,097,000 | 212,050,000 |
20130-Manufacture of other inorganic basic chemicals 20590-Manufacture of other chemical products not elsewhere classified 20600-Manufacture of man-made fibres |
G. MODIANO LIMITED | BROAD STREET HOUSE, 55 OLD BROAD STREET, LONDON, EC2M 1RX | 00872284 | 2018-03-31 | 251,519,000 | 18,103,000 | |
LAWTON YARNS LIMITED | C/O INTERPATH ADVISORY, 60 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AH | 07917717 | 2017-10-31 | 36,818,780 | 1,004,110 | |
HEXCEL REINFORCEMENTS UK LIMITED | ICKLETON ROAD, DUXFORD, CAMBRIDGE, CB22 4QB | 03685736 | 2017-12-31 | 28,295,000 | 0 | |
THE BORDER MILL LIMITED | HAYMOUNT BRIDGEND, DUNS, BERWICKSHIRE, TD11 3DJ | SC452196 | 2018-09-30 | 161,328 | 0 | |
THE EAST AFRICA SISAL COMPANY LTD | MIDLOTHIAN INNOVATION CENTRE, ROSLIN, EH25 9RE | SC433808 | 2018-10-31 | 110 | 0 |
13960-Manufacture of other technical and industrial textiles |
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 |
---|---|---|---|---|
HEXCEL REINFORCEMENTS 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 |