OLI-TEC LIMITED

THE COPPER ROOM DEVA CITY OFFICE PARK, TRINITY WAY, MANCHESTER, M3 7BG

Previous name: INTRAY LTD (changed on 26-Nov-2020)

Company Number: 05367958
Incorporation date: 17-Feb-2005
Status: Active
Entity type: Private Limited Company

SIC codes:
18121 Manufacture of printed labels





SUMMARY

This company is 19.1 years old and is currently active. It is controlled by Mr Micheal John Cameron Hawkes. The company has negative equity (net assets) of GBP -4.5 million which has worsened since the previous year's figure of GBP -4.1 million. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -6.4 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 7 active officers (directors or partners) who are or were officers of 26 other companies, 7 (26.9%) 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 are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2022 GBP -699,871
31-Dec-2021 GBP 403,593
31-Dec-2020 GBP -746,603
31-Dec-2019 GBP -513,569
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
31-Dec-2022 GBP 78,749 84,384 258,203 4,574,497 149 1,886,665 -6,383,693 -4,496,879
31-Dec-2021 GBP 692,653 721,068 234,060 4,575,830 149 1,594,851 -5,683,822 -4,088,822
31-Dec-2020 GBP 7,771 16,868 29,500 5,229,783 119 844,881 -6,087,415 -5,242,415
31-Dec-2019 GBP 259,850 287,781 117,818 4,980,662 113 530,000 -5,340,812 -4,810,699
31-Dec-2018 GBP 52,142 64,621 85,209 4,276,542 113 530,000 -4,827,243 -4,297,130
31-Dec-2017 GBP 10,779 23,653 79,074 3,591,769 113 530,000 -4,177,303 -3,647,190

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2021 GBP 20.13% 750,000 2,975,000 3,725,000 7,902,595
31-Dec-2020 GBP 5.04% 314,887 5,930,372 6,245,259 11,059,227
* 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 Alexander Roy MCLENNAN 07 Mar 2008 28 Mar 2024 Salesperson British 3 - 0
Resigned Karen MCLENNAN 02 Aug 2005 07 Mar 2008 0 - 3

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Nicholas Edward RICHARDSON 25 Jun 2022 Company Director British 3 - 72 (20.0%)
Active Richard John BAKER 25 Jun 2022 Company Director British 1 - 00 (0.0%)
Active Nigel Martin BROADHURST 25 Jun 2022 Commercial Director British 3 - 70 (0.0%)
Active Suzanna Louise Cameron WATT 04 Sep 2017 Trade Mark Attorney British 2 - 00 (0.0%)
Active Pauline Joan MCSORLEY 23 Aug 2011 Secretary British 1 - 00 (0.0%)
Resigned Karen MCLENNAN 23 Aug 2011 31 May 2016 Sales British 0 - 30 (0.0%)
Active Denize Fiona Cameron HAWKES 09 May 2011 Director British 4 - 11 (20.0%)
Resigned Michael John Cameron HAWKES 18 Mar 2010 18 Jan 2020 Chartered Surveyor British 0 - 2716 (59.3%)
Resigned Edward Jonathan Cameron HAWKES 18 Mar 2010 16 Mar 2022 Company Director British 15 - 6834 (41.0%)
Active Peter MCSORLEY 07 Mar 2008 Chairman - Castlevast British 2 - 76 (66.7%)
Resigned Karen MCLENNAN 02 Aug 2005 07 Mar 2008 Salesperson British 0 - 30 (0.0%)
Active Alexander Roy MCLENNAN 02 Aug 2005 Salesperson British 3 - 00 (0.0%)
Resigned FORM 10 SECRETARIES FD LTD 17 Feb 2005 21 Feb 2005 0 - 2538313366 (52.7%)
Number of active directors: 8
Average tenure of active directors: 9.0 years
Average tenure of resigned directors: 5.8 years
Average active director Dissolution Rate: 13.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
INSTITUTE OF GROCERY DISTRIBUTION (THE) (00105680) - Active
HERON FARMS LIMITED (00857485) - Active
BAKESENSE LIMITED (00971771) - Dissolved
ICELAND FOODS LIMITED (01107406) - Active
CAPITAL & CONTINENTAL (MANAGEMENT) LIMITED (01144066) - Dissolved
HERONLAND LIMITED (01414324) - Active
CASTLEVAST LIMITED (02075725) - Active
BIZY INVESTMENTS LIMITED (02112404) - Active
COUNTY LABELS LIMITED (02130404) - Active
THE ORIENT TRADING COMPANY LIMITED (02300496) - Dissolved
LABEL HQ LIMITED (02681735) - Active
THE BERWYN BAKERY LIMITED (02880452) - Dissolved
RIVINGTON BISCUITS LIMITED (03182725) - In Administration
UNIVERSAL LABELS LIMITED (03202696) - Active - Proposal to Strike off
THE BALMORAL BISCUIT COMPANY LIMITED (03903140) - Dissolved
COUNTY GRAPHIC DESIGNS LIMITED (04424066) - Active
OLI-TEC LIMITED (05367958) - Active
OPEN LIFE PACKAGING LIMITED (06495312) - Active
VANTASTIC LOGISTICS LIMITED (06871672) - Dissolved
BRITISH FROZEN FOOD FEDERATION (07687541) - Active
LANNIS LIMITED (07875222) - Active
ICELAND BONDCO PLC (09084053) - Active
COUNTY PACKAGING SOLUTIONS LIMITED (10045457) - Active
SUNNYBANK PROPERTIES LIMITED (10670887) - Active
BEHIND THE WALL LTD (13309281) - Active
NIGEL BROADHURST CONSULTANCY LIMITED (14763344) - Active
PRODIGIES LTD (15184778) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

OLI-TEC 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


Title Date filed Status Publication number
Time temerature indicator label 2016-07-11 Pending if pre publication date, "Application Published" if publication date is today or in the past GB2552167

COMPETITORS

(Based on Sic code: 18121 Manufacture of printed labels)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
CCL LABEL LIMITED PIONEER WAY, CASTLEFORD, YORKSHIRE, WF10 5QU 04310986 2017-12-31 86,607,000 10,663,000
THE BARCODE WAREHOUSE LIMITED TELFORD DRIVE, NEWARK, NOTTINGHAMSHIRE, UNITED KINGDOM, NG24 2DX 03842666 2018-04-30 50,085,637 1,869,705 46510-Wholesale of computers, computer peripheral equipment and software
SINCLAIR INTERNATIONAL LIMITED JARROLD WAY, BOWTHORPE, NORWICH, NORFOLK, NR5 9JD 02645817 2009-12-31 32,377,000 4,468,000 28930-Manufacture of machinery for food, beverage and tobacco processing
OLYMPUS PRINT GROUP LIMITED OLYMPUS HOUSE RICHARDSHAW ROAD, GRANGEFIELD IND ESTATE PUDSEY, LEEDS, WEST YORKSHIRE, LS28 6QW 02846398 2018-09-30 9,896,634 0
SIANI PRINT LTD 22 22 GROSVENOR WAY, LONDON, ENGLAND, E5 9ND 08949291 2018-03-31 61,097 0 62012-Business and domestic software development
ROBERT SIGNWORKS LTD 3 OLD PARK ROAD, SHEFFIELD, ENGLAND, S8 7DS 09416938 2018-01-31 26,545 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
OLI-TEC LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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