HEXCEL REINFORCEMENTS UK LIMITED

ICKLETON ROAD, DUXFORD, CAMBRIDGE, CB22 4QB

Previous 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-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-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
No P&L data available


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**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 00 (0.0%)
Active Thierry Philippe MERLOT 27 Oct 2020 Manager French 2 - 20 (0.0%)
Active Gail LEHMAN 18 Jan 2017 General Counsel American 7 - 00 (0.0%)
Resigned Wayne Charles PENSKY 05 Jan 2016 11 Sep 2017 Chief Financial Officer American 0 - 60 (0.0%)
Resigned John DENT 11 Dec 2014 05 Jan 2016 Chartered Accountant British 3 - 42 (28.6%)
Active Patrick Joseph WINTERLICH 08 Dec 2014 Vp And Chief Information Officer British 7 - 21 (11.1%)
Resigned Timothy SWORDS 08 Dec 2014 16 Mar 2020 Vp And General Manager American 0 - 10 (0.0%)
Resigned Bridget Mary WESSELY 19 Apr 2011 11 Dec 2014 Director British 2 - 10 (0.0%)
Resigned Peter Martin Maxwell GEORGE 01 Jan 2011 11 Dec 2014 Consultant British 0 - 21 (50.0%)
Resigned John Miles BRIERLEY 09 Jan 2002 11 Dec 2014 Director British 3 - 81 (9.1%)
Resigned Geoffrey Ian BOLTON 09 Jan 2002 11 Dec 2014 Director British 0 - 93 (33.3%)
Resigned Oliver Sebastian WESSELY 16 Nov 2001 12 Jul 2017 Sales Manager British 8 - 32 (18.2%)
Resigned Brian Stephen WESSELY 30 Dec 1998 19 Apr 2011 Textile Manufacturer British 0 - 84 (50.0%)
Resigned Roger John WREFORD 30 Dec 1998 09 Jan 2002 Accountant British 0 - 277 (25.9%)
Resigned CREDITREFORM SECRETARIES LIMITED 18 Dec 1998 30 Dec 1998 0 - 569232 (40.8%)
Resigned CREDITREFORM LIMITED 18 Dec 1998 30 Dec 1998 0 - 760329 (43.3%)
Number of active directors: 4
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
2019-12-182015-12-182014-12-182013-12-182012-12-18
HEXCEL COMPOSITES LIMITEDORDINARY B441,000
50%
441,000
50%
441,000
50%
0
0%
0
0%
HEXCEL COMPOSITES LIMITEDORDINARY A441,000
50%
0
0%
0
0%
0
0%
0
0%
OLIVER WESSELYORDINARY A0
0%
441,000
50%
441,000
50%
231,966
26.3%
231,966
26.3%
TRUSTEES OF THE PETER BRIERLEY 1997 GRANDCHILDERENS ACCUMULATION ANDORDINARY B0
0%
0
0%
0
0%
441,000
50%
441,000
50%
BRAZITECH HOLDING LIMITEDORDINARY A0
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


Title Date filed Status Publication number
Moulding materials 2016-05-16 Awaiting First Examination GB2550355
Moulding materials 2016-05-16 Awaiting First Examination GB2550357
Reinforcement fabric 2016-04-12 Awaiting First Examination GB2551104

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
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