SILK INDUSTRIES LIMITED

C/O INTERPATH ADVISORY, 60 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AH

Previous name: TAYVIN 300 LIMITED (changed on 11-May-2004)

Company Number: 04667190
Incorporation date: 17-Feb-2003
Status: In Administration/Administrative Receive
Entity type: Private Limited Company

SIC codes:
13200 Weaving of textiles

SUMMARY

This company is 21.2 years old and is currently in administration/administrative receive. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 1.4 million which has decreased from the previous year's figure of GBP 1.7 million. The latest reported revenue figure is GBP 6.2 million which is down -10% on the previous year. Retained earnings is negative (GBP -1.8 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 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-Apr-2021
Accounts Filed: GROUP (30-Apr-2019)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
30-Apr-2019	GBP	6,228,900	-517,909	800	33,342	-103,429	-447,822
30-Apr-2018	GBP	6,885,219	-608,255	181	17,372	-52,693	-572,934
30-Apr-2017	GBP	7,940,843	-219,822	221	31,827	-81,927	-169,722
30-Apr-2016	GBP		60,070		60,620	11,582	-12,132

No P&L data available

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
30-Apr-2019	GBP	160,423	4,054,312	6,966,238	38,497	2,150,000	75,000	-1,790,911	1,393,043
30-Apr-2018	GBP	114,739	4,753,637	7,126,996	5,719	2,150,000	75,000	-1,484,341	1,700,122
30-Apr-2017	GBP	157,314	5,200,224	6,971,204	62,460	2,150,000	75,000	-1,239,012	1,346,425
30-Apr-2016	GBP	132,233	5,462,082	7,204,795	176,777	2,150,000		-187,263	2,401,966
30-Apr-2015	GBP					2,150,000		89,371	2,312,613

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	All apointments (active/resigned)
unknown	Steven Anthony OXLEY	01 May 2018	18 Apr 2024	0 - 1
Resigned	Ian Richard STEVENSON	31 Mar 2011	01 May 2018	0 - 1
Resigned	Terence Melvin WELSH	26 Aug 2003	31 Mar 2011	0 - 16
Resigned	John Richard SHORT	17 Feb 2003	22 Aug 2003	0 - 484

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned?	Laura Jayn GORE	01 May 2018		Sales Director	British	0 - 2	2 (100.0%)
Resigned	Tro MANOUKIAN	24 Jan 2018	09 Nov 2020	Director	British	1 - 3	1 (25.0%)
Resigned?	Steven Anthony OXLEY	24 Jan 2018		Director	British	5 - 26	19 (61.3%)
Resigned	Laura Jane MILES	07 Apr 2016	10 Oct 2016	Textile Designer	British	1 - 1	1 (50.0%)
Resigned	Dean Terence BRACE	04 Mar 2014	30 Nov 2018	Manager	British	0 - 1	1 (100.0%)
Resigned	Martin William BECK	25 Oct 2010	05 Dec 2016	Chartered Accountant	British	0 - 7	4 (57.1%)
Resigned	David Alan Alfred KING	15 Jul 2004	13 Feb 2009	Director	British	0 - 5	2 (40.0%)
Resigned	Alexander Clive REEKS	15 Jul 2004	13 Feb 2009	Director	British	4 - 31	9 (25.7%)
Resigned	Tro MANOUKIAN	26 Aug 2003	31 Oct 2007	General Manager	British	2 - 2	2 (50.0%)
Resigned	Stephen Andrew NIXON	26 Aug 2003	31 Dec 2019	Design Director	British	0 - 2	1 (50.0%)
Resigned	Ian Richard STEVENSON	26 Aug 2003	01 May 2018	Managing Director	British	1 - 9	2 (20.0%)
Resigned	Thomas Charles JEGGO	26 Aug 2003	22 Sep 2006	Production Director	British	0 - 1	1 (100.0%)
Resigned	Mark James HUBERT	26 Aug 2003	16 Oct 2015	Design Director	British	0 - 1	1 (100.0%)
Resigned	Andrew Cameron David HENRY	26 Aug 2003	30 Jun 2010	Sales Manager	British	1 - 2	2 (66.7%)
Resigned	Terence Melvin WELSH	26 Aug 2003	31 Mar 2011	Accountant	British	0 - 16	4 (25.0%)
Resigned	Doreen Patricia CLARKE	26 Aug 2003	18 Dec 2013	Director	British	0 - 1	1 (100.0%)
Resigned	Steven Stewart CLAYTON	26 Aug 2003	31 Oct 2007	Sales Manager	British	1 - 2	1 (33.3%)
Resigned	Rosemarie Avis CROFT	26 Aug 2003	31 Mar 2010	Secretary	British	0 - 7	2 (28.6%)
Resigned?	David Eric TOOTH	22 Aug 2003		Company Chairman	British	4 - 12	5 (31.3%)
Resigned	Quentin Robert GOLDER	17 Feb 2003	22 Aug 2003	Solicitor	New Zealander	1 - 176	72 (40.7%)
Resigned	John Richard SHORT	17 Feb 2003	22 Aug 2003		British	0 - 484	180 (37.2%)

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
Shareholder name	Share class	2017-02-17	2016-02-17	2015-02-17	2014-02-17	2013-02-17
DAVID ERIC TOOTH	ORDINARY B	1,481,906 68.9%	0 0%	0 0%	0 0%	0 0%
TRUSTEES OF D TOOTH'S CHILDS SETTLEMENT	ORDINARY B	297,147 13.8%	0 0%	0 0%	0 0%	0 0%
TRUSTEES OF S TOOTH'S CHILDS SETTLEMENT	ORDINARY B	138,030 6.42%	0 0%	0 0%	0 0%	0 0%
TRUSTEES OF SILK INDUSTRIES SIP	ORDINARY A	44,917 2.09%	0 0%	0 0%	0 0%	0 0%
MARK JAMES HUBERT	ORDINARY B	27,000 1.26%	0 0%	0 0%	0 0%	0 0%
IAN RICHARD STEVENSON	ORDINARY B	27,000 1.26%	0 0%	0 0%	0 0%	0 0%
STEPHEN ANDREW NIXON	ORDINARY B	27,000 1.26%	0 0%	0 0%	0 0%	0 0%
KENNY SHAPIRO	ORDINARY B	25,000 1.16%	0 0%	0 0%	0 0%	0 0%
DOREEN PATRICA CLARKE	ORDINARY B	25,000 1.16%	0 0%	0 0%	0 0%	0 0%
ROSEMARIE CROFT	ORDINARY B	25,000 1.16%	0 0%	0 0%	0 0%	0 0%
DARREN UNDERWOOD	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
DAVID VOLKE	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
DARREN YAXLEY	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
MATT BENSON	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
NEIL SPEAR	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
KELLIE HOWE	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
JUSTIN DUDDEN	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
DEAN BRACE	ORDINARY B	4,000 0.186%	0 0%	0 0%	0 0%	0 0%
DAVID TOOTH	B ORDINARY	0 0%	740,953 34.5%	740,953 34.5%	742,499 34.5%	0 0%
SUSAN TOOTH	B ORDINARY	0 0%	740,953 34.5%	740,953 34.5%	742,499 34.5%	0 0%
S TOOTH TRUSTEES OF D E TOOTH S CHILDREN'S SETTLEMENT S E	B ORDINARY	0 0%	297,147 13.8%	0 0%	297,767 13.8%	0 0%
D TOOTH TRUSTEES OF MRS S E TOOTH'S CHILDREN'S SETTLEMENT D E	B ORDINARY	0 0%	138,030 6.42%	0 0%	138,318 6.43%	0 0%
TRUSTEES OF SILK INDUSTRIES SHARE INCENTIVE PLAN	A ORDINARY	0 0%	44,917 2.09%	44,917 2.09%	44,917 2.09%	0 0%
IAN STEVENSON	B ORDINARY	0 0%	27,000 1.26%	27,000 1.26%	27,000 1.26%	0 0%
MARK HUBERT	B ORDINARY	0 0%	27,000 1.26%	27,000 1.26%	27,000 1.26%	0 0%
STEPHEN NIXON	B ORDINARY	0 0%	27,000 1.26%	27,000 1.26%	27,000 1.26%	0 0%
KENNY SHAPIRO	B ORDINARY	0 0%	25,000 1.16%	25,000 1.16%	25,000 1.16%	0 0%
DOREEN CLARKE	B ORDINARY	0 0%	25,000 1.16%	25,000 1.16%	25,000 1.16%	0 0%
ROSEMARIE CROFT	B ORDINARY	0 0%	25,000 1.16%	25,000 1.16%	25,000 1.16%	0 0%
DAVID VOLKE	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	0 0%	0 0%
DARREN YAXLEY	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
DARREN UNDERWOOD	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
NEIL SPEAR	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
KELLIE HOWE	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
JUSTIN DUDDEN	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
DEAN BRACE	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
MATTHEW BENSON	B ORDINARY	0 0%	4,000 0.186%	4,000 0.186%	4,000 0.186%	0 0%
D TOOTH TRUSTEES OF D E TOOTH'S CHILDREN'S SETTLEMENT D E	B ORDINARY	0 0%	0 0%	297,147 13.8%	0 0%	0 0%
S TOOTH TRUSTEES OF MRS S E TOOTH'S CHILDREN'S SETTLEMENT S E	B ORDINARY	0 0%	0 0%	138,030 6.42%	0 0%	0 0%
SUSAN TOOTH	ORDINARY	0 0%	0 0%	0 0%	0 0%	773,000 36.0%
DAVID TOOTH	ORDINARY	0 0%	0 0%	0 0%	0 0%	773,000 36.0%
D TOOTH TRUSTEES OF D E TOOTH'S CHILDREN'S SETTLEMENT D E	ORDINARY	0 0%	0 0%	0 0%	0 0%	310,000 14.4%
S TOOTH TRUSTEES OF MRS S E TOOTH'S CHILDREN'S SETTLEMENT S E	ORDINARY	0 0%	0 0%	0 0%	0 0%	144,000 6.70%
DOREEN CLARKE	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%
KENNY SHAPIRO	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%
ROSEMARIE CROFT	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%
MARK HUBERT	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%
STEPHEN NIXON	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%
IAN STEVENSON	ORDINARY	0 0%	0 0%	0 0%	0 0%	25,000 1.16%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

50%-75%:Mr David Eric Tooth - active
25-50%:Mrs Susan Tooth - ceased

Controlling entities above

SILK INDUSTRIES LIMITED

Controlled companies below

>75%:VANNERS TIES LIMITED (02322023 - UK) active
- >75%:SILK BRANDS LIMITED (03070892 - UK) active
>75%:BARBARA ANNE TIES LIMITED (04443718 - UK) active

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: 13200 Weaving of textiles)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
JAMES JOHNSTON & CO. OF ELGIN LIMITED	NEWMILL, ELGIN, IV30 4AF	SC022553	2017-12-31	73,891,000	7,848,000	14190-Manufacture of other wearing apparel and accessories not elsewhere classified 46410-Wholesale of textiles 47190-Other retail sale in non-specialised stores
CAMIRA FABRICS LIMITED	THE WATERMILL WHEATLEY PARK, HOPTON, MIRFIELD, WEST YORKSHIRE, WF14 8HE	02215654	2017-12-31	64,973,281	8,473,627	13300-Finishing of textiles
HEATHCOAT FABRICS LIMITED	WESTEXE, TIVERTON, DEVON, EX16 5LL	00450787	2018-05-31	56,965,000	3,624,000	13300-Finishing of textiles 13960-Manufacture of other technical and industrial textiles 14310-Manufacture of knitted and crocheted hosiery
BOWMER-BOND NARROW FABRICS LIMITED	HANGING BRIDGE MILLS, ASHBOURNE, DERBYSHIRE., DE6 2EA	00577024	2018-06-30	9,816,241	0
PAPILIONACEOUS LIMITED	3 ADMIRAL COURT, NELSON ROAD, DARTMOUTH, TQ6 9HU	03166706	2018-03-31	32,043	0
WORK THREADS LTD	UNIT 1, HAWKSHAW FARM BUSINESS PARK LONGSIGHT ROAD, CLAYTON LE DALE, BLACKBURN, ENGLAND, BB2 7JA	09485296	2018-03-31	14,505	0
MADELEINE JUDE LIMITED	130 PHYLLIS AVENUE, NEW MALDEN, SURREY, KT3 6JZ	08628291	2018-09-30	5,762	0	13910-Manufacture of knitted and crocheted fabrics
SILK INDUSTRIES LIMITED	C/O INTERPATH ADVISORY, 60 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AH	04667190	2018-04-30	0	0

LIQUIDATION RISK (BETA)

This company is In Administration/Administrative Receive. 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	0.7%	3.6%	7.1%	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	0.6%	1.5%	2.5%	Medium
Accounting Month	1.8%	3.8%	7.0%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium