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BRITANNIA BULK PLC
C/O BDO STOY HAYWARD LLP, 55 BAKER STREET, LONDON, W1U 7EUCompany Number: 03842976
Incorporation date: 13-Sep-1999
Status: Liquidation
Entity type: Public Limited Company
SIC codes:
6110 Sea and coastal water transport
SUMMARY
This company is 24.6 years old and is currently liquidation. The company has positive equity (net assets) of USD 69.7 million which has increased from USD 34.4 million in the previous year. The latest reported revenue figure is USD 566.6 million which is up 200% on previous year's figure of USD 191.5 million. The company has 3 active officers (directors or partners) who are or were officers of 2 other companies. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Jul-2009Accounts Filed: GROUP (31-Dec-2007)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2007 | USD | 566,640,955 | 63,690,438 | 4,102,600 | 23,296,134 | 1,499,520 | 42,997,384 |
31-Dec-2006 | USD | 191,503,464 | 7,209,778 | 1,095,810 | 4,766,532 | 160,400 | 3,378,656 |
31-Dec-2005 | USD | 184,585,037 | 9,207,146 | 272,261 | 1,468,879 | 283,590 | 8,026,938 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2007 | USD | 55,750,455 | 138,663,484 | 52,149,445 | 169,334,867 | 14,197,021 | 279,275 | 54,391,040 | 69,724,823 |
31-Dec-2006 | USD | 155,303,047 | 171,694,669 | 17,953,405 | 166,838,928 | 15,911,995 | 279,275 | 18,243,121 | 34,434,391 |
31-Dec-2005 | USD | 6,401,181 | 14,828,702 | 19,507,425 | 14,680,000 | 15,910,218 | 268,163 | 14,936,124 | 31,114,505 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2007 | USD | -12.08% | -1,714,974 | 15,911,995 | 14,197,021 | 77,614,655 |
31-Dec-2006 | USD | 0.01% | 12,889 | 115,400,563 | 115,413,452 | 125,314,357 |
** 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) |
---|---|---|---|---|---|---|
Resigned | Fariyal KHANBABI | 04 Aug 2006 | 25 Nov 2008 | 1 - 30 | ||
Resigned | Marcel Petru MAXIM | 01 Jul 2005 | 31 Oct 2006 | 0 - 1 | ||
Resigned | SLC REGISTRARS LIMITED | 30 Jun 2004 | 30 Jun 2005 | 2 - 805 | ||
Resigned | Olga BABARIKA | 18 Oct 2002 | 30 Jun 2004 | 0 - 1 | ||
Resigned | Peter John GOULD | 28 Apr 2001 | 18 Oct 2002 | United Kingdom | 1 - 3 | |
Resigned | Arvid TAGE | 13 Sep 1999 | 28 Apr 2001 | 0 - 7 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Soren, Non Exec Director HALSTED | 26 Feb 2008 | Business Executive | Danish | 1 - 1 | 2 (100.0%) | |
Active | Jens, Non Exec Director FEHRN-CHRISTENSEN | 26 Feb 2008 | Business Executive | Danish | 2 - 0 | 2 (100.0%) | |
Active | John Walter SINDERS | 01 Jun 2007 | No Exec Director | American | 2 - 0 | 2 (100.0%) | |
Resigned | Rex William HARRINGTON | 24 Oct 2006 | 25 Jan 2008 | Non Exec Director | British | 0 - 4 | 1 (25.0%) |
Resigned | Fariyal KHANBABI | 04 Aug 2006 | 25 Nov 2008 | Accounatnt | British | 1 - 30 | 21 (67.7%) |
Resigned | Clifford John HANSON | 03 Jul 2006 | 19 Feb 2009 | Ship Broker | British | 0 - 8 | 5 (62.5%) |
Resigned | David Myron ZNAK | 20 Apr 2005 | 14 May 2007 | Ship Broker | British | 0 - 3 | 2 (66.7%) |
Resigned | Serguei ZOUDOV | 03 Sep 2004 | 14 May 2007 | Ship Broker | British | 1 - 2 | 2 (66.7%) |
Resigned | Henry William RAYNER | 21 Apr 2004 | 15 Sep 2006 | Shipbroker | British | 5 - 6 | 4 (36.4%) |
Resigned | Henry William RAYNER | 13 Sep 1999 | 30 Apr 2001 | Shipbroker | British | 5 - 6 | 4 (36.4%) |
Resigned | Arvid TAGE | 13 Sep 1999 | 22 Apr 2017 | Shipbroker | Danish | 0 - 7 | 7 (100.0%) |
Average tenure of active directors: 16.4 years
Average tenure of resigned directors: 4.1 years
Average active director Dissolution Rate: 100.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
||||
---|---|---|---|---|
BRITANNIA BULK PLC (03842976) - Liquidation | ✔ | ✔ | ✔ | |
CLIPPER BULK (UK) LTD (04147440) - Dissolved | ✔ | |||
BRITBULK UK HOLDINGS PLC (06402167) - Liquidation | ✔ | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
no controlling companies
BRITANNIA BULK PLC
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 |
---|---|---|---|
2011-03-25 | Britannia Bulk Plc v Pioneer Navigation Ltd & Anor | [2011] EWHC 692 (Comm) | |
2011-03-25 | Britannia Bulk Plc v Pioneer Navigation Ltd & Anor | [2011] EWHC 692 (Comm) |
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
6110 Sea and coastal water transport)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
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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 | 1.7% | 4.0% | 5.9% | Medium |
Accounts category | 0.6% | 1.5% | 2.5% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |