WEARTECH INTERNATIONAL LIMITED

KROLL ADVISORY LTD THE SHARD 32, LONDON BRIDGE STREET, LONDON, SE1 9SG

Company Number: 04118871
Incorporation date: 04-Dec-2000
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
24450 Other non-ferrous metal production





SUMMARY

This company is 23.3 years old and is currently liquidation. It is controlled by Lincoln Electric Holdings, Inc. The company has positive equity (net assets) of GBP 7.3 million which has increased from GBP 6.9 million in the previous year. The latest reported revenue figure is GBP 15.1 million which is down -20% on the previous year. . 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-2022
Accounts Filed: FULL (31-Dec-2020)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 15,054,515 279,368 417 25,163 69,168 390,648
31-Dec-2018 GBP 19,067,750 2,443,692 14,066 410,860 1,949,714
31-Dec-2017 GBP 12,019,985 1,903,416 4 8,413 376,791 1,518,216
31-Dec-2016 GBP 9,774,729 1,398,004 2 10,386 155,591 735,814


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 70,675 4,914,787 689,365 400,000 7,208,664 7,308,664
31-Dec-2018 GBP 1,730,119 9,140,853 5,304,571 400,000 6,818,016 6,918,016
31-Dec-2017 GBP 378,765 5,005,618 2,850,854 100,000 4,868,305 4,968,305
31-Dec-2016 GBP 599,584 3,468,871 2,933,517 100,000 3,350,089 3,450,089

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 75.00% 300,000 100,000 400,000 -804,442
* 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)
unknown BEACH SECRETARIES LIMITED 06 Mar 2012 29 Mar 2024 62 - 309
Resigned Amanda Jane HARRIS 02 Dec 2009 06 Mar 2012 0 - 1
Resigned David John ESTALL 12 Feb 2001 02 Dec 2009 0 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned? Luis Antonio OLIVEIRA E CUNHA DE VASCONCELOS DIAS 15 Dec 2021 Vice President, Finance, International Welding Portuguese 0 - 11 (100.0%)
Resigned Daniel MCMILLIN 16 Feb 2018 15 Dec 2021 Director American 0 - 11 (100.0%)
Resigned George BLANKENSHIP 06 Mar 2012 31 May 2020 None American 0 - 11 (100.0%)
Resigned Geoffrey ALLMAN 06 Mar 2012 16 Feb 2018 None American 0 - 11 (100.0%)
Resigned Dean Mansel THOMAS 01 Feb 2010 06 Mar 2012 Operations Director British 0 - 11 (100.0%)
Resigned Enrique Mejia SANCHEZ 02 Dec 2009 06 Mar 2012 Director American 0 - 11 (100.0%)
Resigned Sankar Padmanabha IYER 19 Apr 2001 06 Mar 2012 Director Us Citizen 0 - 11 (100.0%)
Resigned Michael Gerald Konieczny KONIECZNY 12 Feb 2001 06 Mar 2012 Director American 0 - 11 (100.0%)
Resigned David John ESTALL 12 Feb 2001 06 Mar 2012 Director British 0 - 22 (100.0%)
Resigned SEVERNSIDE SECRETARIAL LIMITED 04 Dec 2000 12 Feb 2001 0 - 25901012 (39.1%)
Resigned SEVERNSIDE NOMINEES LIMITED 04 Dec 2000 12 Feb 2001 0 - 2006847 (42.2%)
No director information in our Database

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

No information on directors in other companies.

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-12-042015-12-042014-12-042013-12-042012-12-04
LINCOLN ELECTRIC NORTH AMERICA, INC.ORDINARY100,000
100%
0
0%
0
0%
0
0%
0
0%
WEARTECH INTERNATIONAL INC.ORDINARY0
0%
100,000
100%
100,000
100%
100,000
100%
100,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

WEARTECH INTERNATIONAL 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


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 24450 Other non-ferrous metal production)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
TIMET UK LIMITED P.O.BOX 704, WITTON, BIRMINGHAM, B6 7UR 00530589 2017-12-31 258,283,000 33,685,000
H. J. ENTHOVEN LIMITED DARLEY DALE SMELTER, SOUTH DARLEY, MATLOCK, DERBYSHIRE, DE4 2LP 02821551 2017-12-31 157,717,000 14,569,000
ROSS & CATHERALL LIMITED FORGE LANE, KILLAMARSH, SHEFFIELD, ENGLAND, S21 1BA 04110786 2017-12-31 91,387,000 11,151,000
WALL COLMONOY LIMITED ALLOY INDUSTRIAL, ESTATE, PONTARDAWE, SWANSEA, SA8 4HL 00788765 2017-12-31 26,759,000 0
WEARTECH INTERNATIONAL LIMITED KROLL ADVISORY LTD THE SHARD 32, LONDON BRIDGE STREET, LONDON, SE1 9SG 04118871 2017-12-31 12,019,985 0
MIKOZ (EUROPE) LIMITED 6 EMILY COURT, WATERFRONT, SWANSEA, SA1 8RA 04906753 2018-03-31 0 0 38110-Collection of non-hazardous waste

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 0.7% 3.5% 7.0% Medium
Do you have a dispute with a business?
Make it public