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AARTEE BRIGHT BAR LIMITED

SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW

Previous name: ACENTA STEEL LIMITED (changed on 01-Feb-2021)
Previous name: NIAGARA LASALLE (UK) LIMITED (changed on 13-May-2011)

Company Number: 03725308
Incorporation date: 03-Mar-1999
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
24100 Manufacture of basic iron and steel and of ferro-alloys
24310 Cold drawing of bars




SUMMARY

This company is 26.3 years old and is currently liquidation. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 19.8 million which has increased from GBP 17.9 million in the previous year. The latest reported revenue figure is GBP 44.3 million which is up 20% on previous year's figure of GBP 37.8 million. The company has 2 active officers (directors or partners) who are or were officers of 6 other companies, 4 (66.7%) of which have since been dissolved or are proposed for strike off. 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-2023
Accounts Filed: FULL (31-Dec-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2021 GBP 44,319,000 1,148,000 13,000 765,000 50,000 346,000
31-Dec-2020 GBP 37,839,000 -3,339,000 217,000 -330,000 -3,226,000
31-Dec-2018 GBP 77,632,000 846,000 425,000 382,000
31-Dec-2017 GBP 68,406,000 3,519,000 89,000 2,602,000
31-Dec-2016 GBP 55,721,000 104,000 229,000 76,000
31-Dec-2015 GBP 62,449,000 469,000 1,000 364,000 66,000 40,000
31-Dec-2014 GBP 71,775,000 1,214,000 384,000 188,000 642,000
31-Dec-2013 GBP 68,732,000 2,832,000 504,000 541,000 1,787,000
31-Dec-2012 GBP 82,897,000 5,870,000 638,000 1,298,000 3,934,000
31-Dec-2011 GBP 93,117,000 7,991,000 740,000 2,009,000 5,489,000
31-Dec-2010 GBP 65,516,000 2,900,000 175,000 459,000 2,293,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2021 GBP 1,195,000 36,615,000 17,757,000 9,875,000 9,919,000 19,794,000
31-Dec-2020 GBP 1,532,000 34,405,000 17,711,000 8,375,000 9,573,000 17,948,000
01-Jan-2020 GBP 8,375,000 12,799,000 21,174,000
31-Dec-2018 GBP 2,678,000 50,470,000 31,281,000 8,375,000 12,911,000 21,286,000
31-Dec-2017 GBP 1,057,000 41,401,000 19,470,000 3,048,000 8,375,000 12,529,000 20,904,000
31-Dec-2016 GBP 453,000 35,631,000 13,445,000 6,219,000 8,375,000 9,927,000 18,302,000
31-Dec-2015 GBP 198,000 35,914,000 13,161,000 7,168,000 8,375,000 9,851,000 18,226,000
31-Dec-2014 GBP 404,000 41,523,000 18,745,000 7,437,000 8,375,000 9,977,000 18,352,000
31-Dec-2013 GBP 150,000 43,708,000 18,984,000 1,451,000 8,375,000 18,395,000 26,770,000
31-Dec-2012 GBP 1,774,000 40,572,000 19,096,000 8,375,000 16,608,000 24,983,000
31-Dec-2011 GBP 650,000 44,734,000 21,397,000 6,120,000 8,375,000 21,049,000
31-Dec-2010 GBP 3,954,000 32,233,000 19,724,000 8,000 8,375,000 15,560,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2021 GBP 15.19% 1,500,000 8,375,000 9,875,000 7,761,500
* 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)
Resigned Mark BROXHOLME 31 Oct 2018 31 Jul 2019 0 - 1
Resigned Jane Linda WITHERS 30 Mar 2007 31 Oct 2018 Accountant British 0 - 8
Resigned Marc Jeffrey SEGALMAN 29 May 2006 30 Mar 2007 Executive Usa 0 - 2
Resigned Michael Jay SCHARF 28 Apr 2003 29 May 2006 Executive Usa 0 - 1
Resigned Raymond ROZANSKI 27 Apr 1999 14 Apr 2003 Company Director American 0 - 2
Resigned PAILEX CORPORATE SERVICES LIMITED 17 Mar 1999 27 Apr 1999 0 - 128

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)		 Dissolved companies
(rate)
Active Bartosz Krzysztof, Mr. PECZKOWSKI 31 Aug 2022 Director Polish 5 - 25 (71.4%)
Resigned Gianpiero REPOLE 31 Jul 2019 31 Aug 2022 Ceo - Aartee Group Italian 0 - 1210 (83.3%)
Active Ravi TREHAN 26 Sep 2018 Director Indian 2 - 35 (100.0%)
Resigned Hitesh Kanji PATTANI 05 Jul 2018 21 Aug 2019 Director British 0 - 85 (62.5%)
Resigned James Christopher Michael WOOLLEY 24 Nov 2011 07 Mar 2013 Chartered Accountant British 1 - 2110 (45.5%)
Resigned Colin Stuart MILLS 20 Jun 2011 26 Sep 2018 Chief Financial Officer British 0 - 1312 (92.3%)
Resigned Jane Linda WITHERS 06 Jan 2011 26 Sep 2018 Financial Controller British 0 - 86 (75.0%)
Resigned Christopher William ANDERSON 07 Sep 2006 06 Jan 2011 Investor Usa 0 - 11 (100.0%)
Resigned Christopher LACOVARA 07 Sep 2006 06 Jan 2011 Banking American 0 - 2013 (65.0%)
Resigned Marc Jeffrey SEGALMAN 29 May 2006 07 Sep 2006 Executive Usa 0 - 22 (100.0%)
Resigned Tarlok SINGH 24 Sep 2002 26 Sep 2018 Company Director British 2 - 106 (50.0%)
Resigned Anthony John BAGSHAWE 21 May 1999 31 Mar 2003 Company Director British 0 - 186 (33.3%)
Resigned Raymond ROZANSKI 25 Mar 1999 14 Apr 2003 Company Director American 0 - 22 (100.0%)
Resigned Michael Jay SCHARF 25 Mar 1999 07 Sep 2006 Chairman American 0 - 11 (100.0%)
Resigned Jeanette Margaret GREGSON 17 Mar 1999 25 Mar 1999 Solicitor British 0 - 4223 (54.8%)
Resigned LONDON LAW SECRETARIAL LIMITED 03 Mar 1999 17 Mar 1999 3 - 152956382 (41.7%)
Resigned LONDON LAW SERVICES LIMITED 03 Mar 1999 17 Mar 1999 3 - 125915493 (43.6%)
Number of active directors: 2
Average tenure of active directors: 4.8 years
Average tenure of resigned directors: 4.1 years
Average active director Dissolution Rate: 85.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
  
AARTEE BRIGHT BAR LIMITED (03725308) - Liquidation ✔✔
AARTEE STEEL GROUP LIMITED (07434765) - Liquidation ✔✔
AARTEE BRIGHT BAR PROPERTY LIMITED (07435702) - Liquidation ✔✔
AARTEE STEEL OPERATIONS LIMITED (07459511) - Liquidation ✔✔
AARTEE STEEL HOLDINGS LIMITED (08424637) - Liquidation ✔✔
AAR TEE FERRETTI INTERNATIONAL HOLDINGS LTD (11156465) - Active ✔
AAR TEE INDUSTRIES HOLDINGS UK LTD (11430817) - Active ✔

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-03-212015-03-212014-03-212013-03-212012-03-21
ACENTA STEEL GROUP LIMITEDORDINARY8,374,957
100%		8,374,957
100%		8,374,957
100%		8,374,957
100%		8,374,957
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

AARTEE BRIGHT BAR LIMITED

no controlled companies

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
2022-07-01 2022-12-31 61 50% 73% 67566
2022-01-01 2022-06-30 76 45% 68% 60728
2021-07-01 2021-12-31 51 52% 42% 54263
2021-01-01 2021-06-30 55 47% 50% 47564
2020-07-01 2020-12-31 65 52% 48% 42409
2020-01-01 2020-06-30 63 62% 62% 35518
2019-07-01 2019-12-31 64 60% 36% 28313
2019-01-01 2019-06-30 65 61% 54% 20628
2018-07-01 2018-12-31 58 54% 4% 9991
2018-01-01 2018-06-30 59 51% 2% 2341


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 24100 Manufacture of basic iron and steel and of ferro-alloys)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
TATA STEEL UK LIMITED 18 GROSVENOR PLACE, LONDON, ENGLAND, SW1X 7HS 02280000 2018-03-31 2,403,000,000 1,384,000,000
BRITISH STEEL LIMITED 2 ST PETER'S SQUARE, MANCHESTER, ENGLAND, M2 3EY 09438207 2017-12-31 1,177,874,000 -19,075,000
STEEL & ALLOY PROCESSING LIMITED TRAFALGAR WORKS, UNION STREET, WEST BROMWICH, WEST MIDLANDS, B70 6BZ 00944053 2017-12-31 201,392,000 6,502,000
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED SHEFFIELD FORGEMASTERS, BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, ENGLAND, S9 2RX 04883675 2017-12-31 76,122,000 -16,430,000
ACENTA STEEL LIMITED SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW 03725308 2017-12-31 68,406,000 2,602,000 24310-Cold drawing of bars
SHEFFIELD FORGEMASTERS ENGINEERING LIMITED SHEFFIELD FORGEMASTERS, BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, ENGLAND, S9 2RX 04864216 2017-12-31 67,227,000 -12,918,000
USS LIMITED MILL LANE, MILL LANE, HALESOWEN, WEST MIDLANDS, ENGLAND, B63 3JP 04045212 2017-12-31 33,343,648 0
M.J. SECTIONS LIMITED UNIT 5 MARRIOTT ROAD INDUSTRIAL, ESTATE,, NETHERTON, WEST MIDLANDS, DY2 0JZ 01451657 2017-12-31 24,569,302 0
ABBEY FORGED PRODUCTS LIMITED BEELEY WOOD WORKS, BEELEY WOOD, LANE, SHEFFIELD, SOUTH YORKSHIRE, S6 1ND 01644542 2017-10-31 23,838,490 0
ROMANYS LIMITED 51 BREWER STREET, SOHO, LONDON, W1F 9UQ 06367402 2017-12-31 1,114,665 0
A & N ENGINEERING (BEDFORDSHIRE) LTD CROOKED OAK THE BRIDLE WAY, TODDINGTON, DUNSTABLE, BEDS, LU5 6HS 07351315 2017-08-31 671,256 0
ASPECT BESPOKE ENGINEERING LIMITED SATAGO COTTAGE 360A, BRIGHTON ROAD, CROYDON, CR2 6AL 07013596 2017-09-30 269,812 0
ACETASTIC LTD 15 REPTON DRIVE, COVENTRY, CV6 7LU 09231668 2017-09-30 40,002 0
GENERAL SYSTEMS INVESTMENTS LIMITED SUITE 308, 34 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 0RH 05080351 2018-03-31 7,578 0
K&R PROFESSIONAL SERVICES LTD STAFFORDSHIRE KNOT, PINFOLD STREET, DARLASTON, WEST MIDLANDS, UNITED KINGDOM, WS10 8TE 09460794 2018-03-31 0 0
SEEDS & GRAINS INTERNATIONAL LIMITED 116 BROX ROAD, OTTERSHAW, SURREY, KT16 0LG 04991281 2017-12-31 0 0
SIMS FOUNDRY LIMITED LONG MARSTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 8AQ 07732913 2018-06-30 0 0
ACENTA STEEL GROUP LIMITED SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW 07434765 0000-00-00 0 0
TATA STEEL UK HOLDINGS LIMITED C/O TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, 20 COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, B4 6AT 05887351 0000-00-00 0 0
TULIP UK HOLDINGS (NO.2) LIMITED C/O TENEO FINANCIAL ADVISORY LIMITED, THE COLMORE BUILDING, BIRMINGHAM, B4 6AT 05934891 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH 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
Company status 100.0% 99.4% 99.9% High
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 0.8% 3.8% 7.5% Medium
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