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EXPLORE 2050 MANUFACTURING LIMITED
BRIDGE PLACE ANCHOR BOULEVARD, ADMIRALS PARK CROSSWAYS, DARTFORD, KENT, DA2 6SNPrevious name: EXPLORE MANUFACTURING LIMITED (changed on 01-Apr-2022)
Previous name: MALLING PRODUCTS LIMITED (changed on 10-Dec-2009)
Company Number: 04040804
Incorporation date: 26-Jul-2000
Status: Active
Entity type: Private Limited Company
SIC codes:
23610 Manufacture of concrete products for construction purposes
41201 Construction of commercial buildings
SUMMARY
This company is 23.7 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -24.6 million which has worsened since the previous year's figure of GBP -22.2 million. The latest reported revenue figure is GBP 48 million which is up 70% on previous year's figure of GBP 28.5 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 -24.6 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 70 other companies. 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: 31-Dec-2024Accounts Filed: FULL (31-Mar-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Mar-2019 | GBP | 47,981,000 | -2,401,000 | ||||
31-Mar-2018 | GBP | 28,468,000 | -4,155,000 | -3,362,000 | |||
31-Mar-2017 | GBP | 36,697,000 | -9,368,000 | -7,478,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Mar-2019 | GBP | 17,709,000 | 61,729,000 | -24,624,000 | -24,624,000 | ||||
31-Mar-2018 | GBP | 20,904,000 | 63,303,000 | -22,223,000 | -22,223,000 | ||||
31-Mar-2017 | GBP | 12,089,000 | 50,213,000 | -18,861,000 | -18,861,000 |
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 | Robert Edward TURNER | 29 Jun 2016 | 28 Mar 2024 | 1 - 0 | ||
Resigned | Teresa Ann STYANT | 28 May 2010 | 29 Jun 2016 | 0 - 1 | ||
Resigned | Clive William Price MCKENZIE | 26 Jul 2000 | 28 May 2010 | 2 - 129 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Martin STAEHR | 26 Apr 2022 | Business Unit Leader | Danish | 4 - 1 | 0 (0.0%) | |
Active | Peter John LYONS | 26 Apr 2022 | Business Unit Leader | Irish | 4 - 0 | 0 (0.0%) | |
Active | Rowan Clare BAKER | 18 Dec 2020 | Director | British | 43 - 26 | 1 (1.4%) | |
Resigned | Noel Alan GASKIN | 20 Dec 2019 | 04 Dec 2020 | Business Unit Leader | Irish | 0 - 3 | 0 (0.0%) |
Active | Declan James MCGEENEY | 20 Dec 2019 | General Manager | Irish | 10 - 5 | 0 (0.0%) | |
Resigned | Alexander Stewart MCINTYRE | 18 Oct 2017 | 18 Dec 2020 | Director | British | 5 - 166 | 84 (49.1%) |
Resigned | Stephen John HARLEY | 01 Jul 2016 | 20 Dec 2019 | Director | British | 5 - 7 | 0 (0.0%) |
Resigned | Paul William MCNERNEY | 27 May 2015 | 20 Dec 2019 | Business Unit Leader | British | 2 - 7 | 0 (0.0%) |
Resigned | Steve COLEBY | 27 May 2015 | 01 Jul 2016 | Director | British | 17 - 29 | 2 (4.3%) |
Resigned | Stuart Robert PURVES | 27 May 2015 | 01 Jul 2016 | Chartered Accountant | British | 0 - 23 | 0 (0.0%) |
Resigned | Callum Mitchell TUCKETT | 07 Aug 2014 | 27 May 2015 | Director | British | 0 - 57 | 6 (10.5%) |
Resigned | Russell Guy KELLETT | 01 Sep 2011 | 29 May 2015 | Project Manager | British | 0 - 7 | 0 (0.0%) |
Resigned | Peter Spencer VARNSVERRY | 18 Jan 2010 | 27 Jan 2011 | Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Paul Cornelius COLLINS | 23 Mar 2009 | 07 Aug 2014 | Finance Director | Irish | 2 - 48 | 9 (18.0%) |
Resigned | Callum Mitchell TUCKETT | 02 May 2006 | 01 Jun 2009 | Director | British | 0 - 57 | 6 (10.5%) |
Resigned | Philip Michael WAINWRIGHT | 02 May 2006 | 09 Mar 2007 | Chartered Accountant | British | 0 - 54 | 7 (13.0%) |
Resigned | Hugh WATERS | 02 May 2006 | 01 Jun 2009 | Director | British | 1 - 12 | 4 (30.8%) |
Resigned | Mihajlo, Dr KAZIC | 06 Jan 2003 | 02 May 2006 | Civil Servant | German | 0 - 2 | 0 (0.0%) |
Resigned | Martin Andrew Spencer SIMONS | 15 Jun 2001 | 02 May 2006 | Chartered Civil Engineer | British | 0 - 3 | 0 (0.0%) |
Resigned | Grant Hutcheson MCGREGOR | 05 Feb 2001 | 31 Oct 2002 | Chartered Surveyor | British | 0 - 4 | 0 (0.0%) |
Resigned | Allan Philip JORDAN | 06 Nov 2000 | 02 May 2006 | Plan Engineer | British | 0 - 9 | 0 (0.0%) |
Resigned | David Anthony SHILLITO | 06 Nov 2000 | 27 May 2015 | Civil Engineer | British | 0 - 3 | 0 (0.0%) |
Resigned | Nigel Anthony HARPER | 06 Nov 2000 | 07 May 2003 | Civil Servant | British | 1 - 6 | 2 (28.6%) |
Resigned | Hugh Desmond O'ROURKE | 06 Nov 2000 | 14 Mar 2014 | Struc Engineer | Irish | 1 - 12 | 0 (0.0%) |
Resigned | Barry DYE | 06 Nov 2000 | 28 Jun 2002 | Quant Surveyor | British | 0 - 1 | 0 (0.0%) |
Resigned | Bernard Anthony DEMPSEY | 06 Nov 2000 | 01 Sep 2011 | Quant Surveyor | British | 0 - 43 | 8 (18.6%) |
Resigned | Raymond Gabriel O'ROURKE | 06 Nov 2000 | 02 May 2006 | Struc Engineer | Irish | 4 - 56 | 13 (21.7%) |
Resigned | Stephen HOLLINGSHEAD | 06 Nov 2000 | 31 Oct 2005 | Civil Engineer | British | 0 - 23 | 2 (8.7%) |
Resigned | HALLMARK SECRETARIES LIMITED | 26 Jul 2000 | 26 Jul 2000 | 0 - 8777 | 4057 (46.2%) | ||
Resigned | Dennis Arthur JOHNSON | 26 Jul 2000 | 02 May 2006 | Accountant | British | 2 - 100 | 31 (30.4%) |
Resigned | HALLMARK REGISTRARS LIMITED | 26 Jul 2000 | 26 Jul 2000 | 0 - 7403 | 3394 (45.8%) |
Average tenure of active directors: 2.9 years
Average tenure of resigned directors: 4.0 years
Average active director Dissolution Rate: 0.4%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | |||
---|---|---|---|---|---|
2015-07-26 | 2014-07-26 | 2013-07-26 | 2012-07-26 | ||
R O'ROURKE & SON LIMITED | ORDINARY | 2 100% | 2 100% | 2 100% | 2 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
EXPLORE 2050 MANUFACTURING 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 |
---|---|---|---|---|---|
2023-04-01 | 2023-09-30 | 50 | 37% | 58% | 77282 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
23610 Manufacture of concrete products for construction purposes)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
MARSHALLS MONO LIMITED | LANDSCAPE HOUSE PREMIER WAY, LOWFIELDS BUSINESS PARK, ELLAND, WEST YORKSHIRE, HX5 9HT | 00509579 | 2017-12-31 | 400,609,000 | 55,258,000 | |
TARMAC BUILDING PRODUCTS LIMITED | INTERCHANGE 10, RAILWAY DRIVE, WOLVERHAMPTON, UNITED KINGDOM, WV1 1LH | 04026569 | 2017-12-31 | 207,729,000 | 4,066,000 |
23620-Manufacture of plaster products for construction purposes 23640-Manufacture of mortars 23990-Manufacture of other non-metallic mineral products not elsewhere classified |
H+H UK LIMITED | CELCON HOUSE, IGHTHAM, SEVENOAKS, KENT, TN15 9HZ | 00247647 | 2017-12-31 | 82,956,000 | 11,111,000 | |
CPM GROUP LIMITED | LANDSCAPE HOUSE PREMIER WAY, LOWFIELDS BUSINESS PARK, ELLAND, ENGLAND, HX5 9HT | 01005164 | 2017-12-31 | 55,338,000 | -12,070,000 | |
FORTICRETE LIMITED | LEICESTER ROAD, IBSTOCK, LEICESTERSHIRE, LE67 6HS | 00221210 | 2017-12-31 | 43,753,000 | 3,609,000 | |
SUPREME CONCRETE LIMITED | LEICESTER ROAD, IBSTOCK, LEICESTERSHIRE, LE67 6HS | 01410463 | 2017-12-31 | 40,234,789 | 8,289,140 | |
STOWELL CONCRETE LIMITED | ARNOLDS WAY, YATTON, SOMERSET, BS49 4QN | 01059577 | 2018-06-30 | 26,502,755 | 0 |
23690-Manufacture of other articles of concrete, plaster and cement |
THORP PRECAST LIMITED | VALLEY SAW MILL, APEDALE ROAD, CHESTERTON, NEWCASTLE UNDER LYME, STAFFS, ST5 6BN | 05219420 | 2017-12-31 | 19,484,555 | 0 | |
BESBLOCK LIMITED | BARDON HALL, COPT OAK ROAD, MARKFIELD, LEICESTERSHIRE, ENGLAND, LE67 9PJ | 01059042 | 2018-04-30 | 12,185,684 | 0 | |
LIDGET COMPTON LIMITED | OLD LINEN COURT, 83-85 SHAMBLES STREET, BARNSLEY, SOUTH YORKSHIRE, ENGLAND, S70 2SB | 02556614 | 2018-03-31 | 7,803,742 | 0 | |
C. WARRICK & SON (CONCRETE) LIMITED | SEAGATE ROAD,, LONG SUTTON,, SPALDING, PE12 9AD | 00402545 | 2017-12-31 | 588,194 | 0 | |
DMD DIRECT LIMITED | UNIT 3 LANGHAM INDUSTRIAL PARK MANSFIELD ROAD, CORBRIGGS, CHESTERFIELD, DERBYSHIRE, S41 0GG | 07770769 | 2017-12-31 | 149,834 | 0 |
23690-Manufacture of other articles of concrete, plaster and cement 23910-Production of abrasive products 23990-Manufacture of other non-metallic mineral products not elsewhere classified |
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 |
---|---|---|---|---|
EXPLORE 2050 MANUFACTURING 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 | 0.5% | 1.8% | 3.9% | Medium |
Sic code count | 0.8% | 3.8% | 7.5% | Medium |