INTERTISSUE LIMITED

BRUNEL WAY BAGLAN ENERGY PARK, BRITON FERRY, NEATH, SA11 2FP

Company Number: 04537324
Incorporation date: 17-Sep-2002
Status: Active
Entity type: Private Limited Company

SIC codes:
17120 Manufacture of paper and paperboard





SUMMARY

This company is 21.7 years old and is currently active. It is controlled by Mr Luigi Lazzareschi. The company has positive equity (net assets) of GBP 299 thousand which has decreased from the previous year's figure of GBP 81.6 million. The latest reported revenue figure is GBP 59.1 million which is down -50% on the previous year. The company has 2 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 is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: DORMANT (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 59,071,000 6,638,000 2,000 434,000 1,294,000 4,918,000
31-Dec-2018 GBP 128,889,000 8,810,000 1,000 117,000 1,776,000 6,034,000
31-Dec-2017 GBP 131,903,000 2,132,000 8,000 206,000 739,000 1,228,000
31-Dec-2016 GBP 133,628,000 3,667,000 58,000 339,000 804,000 2,588,000
31-Dec-2015 GBP 130,654,000 6,379,000 73,000 518,000 1,066,000 4,755,000
31-Dec-2014 GBP 149,412,000 10,299,000 7,000 558,000 2,376,000 7,372,000
31-Dec-2013 GBP 150,500,645 7,199,863 179,557 675,774 1,495,972 5,207,674
31-Dec-2012 GBP 94,580,657 7,921,392 72,519 1,000,401 1,665,703 5,327,807
31-Dec-2011 GBP 126,683,056 21,447,905 140,981 1,164,923 5,150,250 15,273,713
31-Dec-2010 GBP 99,901,358 19,547,773 55,952 1,218,199 5,137,911 13,247,615
31-Dec-2009 GBP 87,806,319 23,619,883 58,988 2,704,460 2,768,185 20,974,411
31-Dec-2008 GBP 66,571,174 5,966,785 140,186 6,149,303
31-Dec-2006 GBP 25,238,554 -2,131,779 122,297 1,875,893


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 299,000 5,000 294,000 299,000
31-Dec-2018 GBP 8,105,000 53,743,000 28,715,000 2,137,000 29,100,000 52,531,000 81,639,000
31-Dec-2017 GBP 1,522,000 33,675,000 20,569,000 2,605,000 29,100,000 46,497,000 75,597,000
31-Dec-2016 GBP 1,201,000 41,100,000 38,131,000 3,072,000 29,100,000 45,269,000 74,526,000
31-Dec-2015 GBP 741,000 47,868,000 33,770,000 11,519,000 29,100,000 42,681,000 71,936,000
31-Dec-2014 GBP 4,558,000 56,684,000 33,571,000 20,162,000 29,100,000 48,718,000 77,818,000
31-Dec-2013 GBP 661,658 60,031,111 34,375,051 31,299,297 29,100,000 41,346,069 70,446,069
31-Dec-2012 GBP 1,034,560 50,381,577 12 13 16 17 18
31-Dec-2011 GBP 6,139,672 57,553,826 12 13 16 17 18
31-Dec-2010 GBP 2,686,012 41,036,873 24,603,580 46,880,905 29,100,000 15,536,875 44,636,875
31-Dec-2009 GBP 3,203,547 31,260,697 26,093,121 56,354,978 29,100,000 172,289,260
31-Dec-2008 GBP 2,691,232 38,050,276 12 13 16 17
31-Dec-2006 GBP 1,520,421 32,194,645 35 27,100,000 -11,663,592 15,436,408

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP -581,900.00% -29,095,000 29,100,000 5,000 11,568,500
31-Dec-2013 GBP 100.00% 29,099,984 16 29,100,000 29,351,554
31-Dec-2011 GBP -181,874,900.00% -29,099,984 29,100,000 16 33,577,625
31-Dec-2009 GBP 100.00% 29,099,984 16 29,100,000 39,780,114
31-Dec-2008 GBP -169,374,900.00% -27,099,984 27,100,000 16 11,444,188
* 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)
Active Natalie MORGAN 19 Apr 2018 26 May 2024 1 - 0
Resigned Angela Nicola HELM DAVIES 01 Sep 2004 19 Apr 2018 British 0 - 2
Resigned DRACLIFFE COMPANY SERVICES LIMITED 17 Sep 2002 01 Sep 2004 0 - 10

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Edilio STEFANI 01 Jan 2021 Director Italian, 6 - 00 (0.0%)
Active Luigi LAZZARESCHI 17 Sep 2002 Company Director Italian 1 - 11 (50.0%)
Resigned Emi STEFANI 17 Sep 2002 01 Jan 2021 Director Italian 0 - 21 (50.0%)
Resigned ALPHA SECRETARIAL LIMITED 17 Sep 2002 17 Sep 2002 0 - 2043999 (48.9%)
Resigned ALPHA DIRECT LIMITED 17 Sep 2002 17 Sep 2002 0 - 1695847 (50.0%)
Number of active directors: 2
Average tenure of active directors: 12.6 years
Average tenure of resigned directors: 6.1 years
Average active director Dissolution Rate: 25.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SOFIDEL UK LIMITED (02245657) - Active
IMBALPAPER UK LIMITED (02460934) - Dissolved
INTERTISSUE LIMITED (04537324) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-09-172015-09-172014-09-172013-09-172012-09-17
SOFIDEL SPAORDINARY5,000
100%
29,100,000
100%
29,100,000
100%
29,100,000
100%
29,100,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

INTERTISSUE 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
2021-07-01 2021-12-31 % % 52355
2021-01-01 2021-06-30 % % 45915
2020-07-01 2020-12-31 % % 41471
2019-07-01 2019-12-31 % % 27817
2019-01-01 2019-06-30 35 31% 90% 19561
2018-07-01 2018-12-31 30 20% 91% 10660
2018-01-01 2018-06-30 32 33% 91% 4474


COURT CASES


Date Title Reference Subject
2019-04-08 Mr S Lambert v Intertissue Ltd [2019] UKET 1600207/2019 Disability Discrimination

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 17120 Manufacture of paper and paperboard)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
DS SMITH PAPER LIMITED LEVEL 3, 1 PADDINGTON SQUARE, LONDON, UNITED KINGDOM, W2 1DL 00058614 2018-04-30 351,608,000 48,985,000 17219-Manufacture of other paper and paperboard containers
UPM-KYMMENE (UK) LIMITED 1 MEADOWHEAD ROAD, IRVINE, AYRSHIRE, KA11 5AT SC102969 2017-12-31 280,648,000 6,344,000
SOFIDEL UK LIMITED BRUNEL WAY BAGLAN ENERGY PARK, BRITON FERRY, NEATH, WALES, SA11 2FP 02245657 2017-12-31 263,469,000 19,148,000
INTERTISSUE LIMITED BRUNEL WAY BAGLAN ENERGY PARK, BRITON FERRY, NEATH, WALES, SA11 2FP 04537324 2017-12-31 131,903,000 1,228,000
ARJO WIGGINS FINE PAPERS LIMITED 2ND FLOOR, 110 CANNON STREET, LONDON, EC4N 6EU 00961440 2017-12-31 123,580,000 -70,086,000
JAMES CROPPER PUBLIC LIMITED COMPANY BURNESIDE MILLS, KENDAL, CUMBRIA, LA9 6PZ 00030226 2016-04-02 96,312,000 4,090,000
GLATFELTER LYDNEY, LTD. LYDNEY PAPER MILL, CHURCH ROAD, LYDNEY, GLOUCESTERSHIRE, GL15 5EJ 05734921 2017-12-31 82,518,000 5,886,000
JAMES CROPPER SPECIALITY PAPERS LIMITED BURNESIDE MILLS, KENDAL, CUMBRIA, LA9 6PZ 04690555 2018-03-31 64,634,000 -2,254,000
SONOCO LIMITED C/O SONOCO CORES & PAPER LTD STAINLAND BOARD MILLS, HOLYWELL GREEN, HALIFAX, ENGLAND, HX4 9PY 00082196 2017-12-31 47,955,000 17,144,000
IGGESUND PAPERBOARD (WORKINGTON) LIMITED IGGESUND PAPERBOARD, SIDDICK, WORKINGTON, CUMBRIA, CA14 1JX 00075035 2018-01-28 31,818,000 6,856,000
STAR TISSUE UK LIMITED WATERFALL STREET, BLACKBURN, LANCASHIRE, UNITED KINGDOM, BB2 2BN 05859797 2018-09-30 24,410,220 0
PECPL REALISATIONS LIMITED 10 NICHOLAS STREET, CHESTER, CH1 2NX 03046608 2017-12-31 11,185,649 0
FOLDER WORKSHOP LTD 238 STATION ROAD, ADDLESTONE, SURREY, KT15 2PS 05291580 2018-12-31 0 0
HOLMEN UK LIMITED HOLMEN UK LIMITED, SIDDICK, WORKINGTON, CUMBRIA, CA14 1JX 01441355 0000-00-00 0 0

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
INTERTISSUE 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% 3.8% 7.1% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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