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WEARTECH INTERNATIONAL LIMITED
KROLL ADVISORY LTD THE SHARD 32, LONDON BRIDGE STREET, LONDON, SE1 9SGCompany 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-2022Accounts 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 |
** 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) |
---|---|---|---|---|---|---|
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 - 1 | 1 (100.0%) | |
Resigned | Daniel MCMILLIN | 16 Feb 2018 | 15 Dec 2021 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | George BLANKENSHIP | 06 Mar 2012 | 31 May 2020 | None | American | 0 - 1 | 1 (100.0%) |
Resigned | Geoffrey ALLMAN | 06 Mar 2012 | 16 Feb 2018 | None | American | 0 - 1 | 1 (100.0%) |
Resigned | Dean Mansel THOMAS | 01 Feb 2010 | 06 Mar 2012 | Operations Director | British | 0 - 1 | 1 (100.0%) |
Resigned | Enrique Mejia SANCHEZ | 02 Dec 2009 | 06 Mar 2012 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | Sankar Padmanabha IYER | 19 Apr 2001 | 06 Mar 2012 | Director | Us Citizen | 0 - 1 | 1 (100.0%) |
Resigned | Michael Gerald Konieczny KONIECZNY | 12 Feb 2001 | 06 Mar 2012 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | David John ESTALL | 12 Feb 2001 | 06 Mar 2012 | Director | British | 0 - 2 | 2 (100.0%) |
Resigned | SEVERNSIDE SECRETARIAL LIMITED | 04 Dec 2000 | 12 Feb 2001 | 0 - 2590 | 1012 (39.1%) | ||
Resigned | SEVERNSIDE NOMINEES LIMITED | 04 Dec 2000 | 12 Feb 2001 | 0 - 2006 | 847 (42.2%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2020-12-04 | 2015-12-04 | 2014-12-04 | 2013-12-04 | 2012-12-04 | ||
LINCOLN ELECTRIC NORTH AMERICA, INC. | ORDINARY | 100,000 100% | 0 0% | 0 0% | 0 0% | 0 0% |
WEARTECH INTERNATIONAL INC. | ORDINARY | 0 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 |