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INTERTISSUE LIMITED
10 FLEET PLACE, LONDON, EC4M 7RBCompany Number: 04537324
Incorporation date: 17-Sep-2002
Status: Liquidation
Entity type: Private Limited Company
SIC codes:
17120 Manufacture of paper and paperboard
SUMMARY
This company is 22.1 years old and is currently liquidation. 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, 1 (50.0%) of which have since been dissolved or are proposed for strike off. 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-2024Accounts 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 |
** 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) |
|---|---|---|---|---|---|---|
| Active | Natalie MORGAN | 19 Apr 2018 | 16 Oct 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 - 0 | 1 (16.7%) | |
| Active | Luigi LAZZARESCHI | 17 Sep 2002 | Company Director | Italian | 1 - 1 | 2 (100.0%) | |
| Resigned | Emi STEFANI | 17 Sep 2002 | 01 Jan 2021 | Director | Italian | 0 - 2 | 2 (100.0%) |
| Resigned | ALPHA SECRETARIAL LIMITED | 17 Sep 2002 | 17 Sep 2002 | 0 - 2102 | 1047 (49.8%) | ||
| Resigned | ALPHA DIRECT LIMITED | 17 Sep 2002 | 17 Sep 2002 | 0 - 1749 | 889 (50.8%) |
Average tenure of active directors: 12.9 years
Average tenure of resigned directors: 6.1 years
Average active director Dissolution Rate: 58.3%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
|||
|---|---|---|---|
| SOFIDEL UK LIMITED (02245657) - Active | ✔ | ||
| IMBALPAPER UK LIMITED (02460934) - Dissolved | ✔ | ||
| INTERTISSUE LIMITED (04537324) - Liquidation | ✔ | ✔ |
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2019-09-17 | 2015-09-17 | 2014-09-17 | 2013-09-17 | 2012-09-17 | ||
| SOFIDEL SPA | ORDINARY | 5,000 100% | 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 | 10 FLEET PLACE, LONDON, EC4M 7RB | 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 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% | 3.8% | 7.1% | Medium |
| Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
