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OLI-TEC LIMITED
THE COPPER ROOM DEVA CITY OFFICE PARK, TRINITY WAY, MANCHESTER, M3 7BGPrevious 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-2024Accounts 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 |
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 |
** 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 | 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 - 7 | 2 (20.0%) | |
Active | Richard John BAKER | 25 Jun 2022 | Company Director | British | 1 - 0 | 0 (0.0%) | |
Active | Nigel Martin BROADHURST | 25 Jun 2022 | Commercial Director | British | 3 - 7 | 0 (0.0%) | |
Active | Suzanna Louise Cameron WATT | 04 Sep 2017 | Trade Mark Attorney | British | 2 - 0 | 0 (0.0%) | |
Active | Pauline Joan MCSORLEY | 23 Aug 2011 | Secretary | British | 1 - 0 | 0 (0.0%) | |
Resigned | Karen MCLENNAN | 23 Aug 2011 | 31 May 2016 | Sales | British | 0 - 3 | 0 (0.0%) |
Active | Denize Fiona Cameron HAWKES | 09 May 2011 | Director | British | 4 - 1 | 1 (20.0%) | |
Resigned | Michael John Cameron HAWKES | 18 Mar 2010 | 18 Jan 2020 | Chartered Surveyor | British | 0 - 27 | 16 (59.3%) |
Resigned | Edward Jonathan Cameron HAWKES | 18 Mar 2010 | 16 Mar 2022 | Company Director | British | 15 - 68 | 34 (41.0%) |
Active | Peter MCSORLEY | 07 Mar 2008 | Chairman - Castlevast | British | 2 - 7 | 6 (66.7%) | |
Resigned | Karen MCLENNAN | 02 Aug 2005 | 07 Mar 2008 | Salesperson | British | 0 - 3 | 0 (0.0%) |
Active | Alexander Roy MCLENNAN | 02 Aug 2005 | Salesperson | British | 3 - 0 | 0 (0.0%) | |
Resigned | FORM 10 SECRETARIES FD LTD | 17 Feb 2005 | 21 Feb 2005 | 0 - 25383 | 13366 (52.7%) |
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
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 |