BRITANNIA BULK PLC

C/O BDO STOY HAYWARD LLP, 55 BAKER STREET, LONDON, W1U 7EU

Company 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-2009
Accounts 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

* 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)
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%)

Number of active directors: 3
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	Soren, Non Exec Director HALSTED	Jens, Non Exec Director FEHRN-CHRISTENSEN	John Walter SINDERS
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

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