SEAL SANDS GAS TRANSPORTATION LIMITED

14 ST. GEORGE STREET, LONDON, W1S 1FE

Previous name: PX GAS TRANSPORTATION LIMITED (changed on 05-Sep-2006)

Company Number: 05807610
Incorporation date: 05-May-2006
Status: Active
Entity type: Private Limited Company

SIC codes:
35210 Manufacture of gas





SUMMARY

This company is 17.9 years old and is currently active. It is controlled by Teesside Gasport Limited. The company has negative equity (net assets) of USD -8 million which has worsened since the previous year's figure of USD -5.5 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 (USD -26.6 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 2 active officers (directors or partners) who are or were officers of 5 other companies. 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-Jun-2024
Accounts Filed: SMALL (30-Sep-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Sep-2022 USD -2,577,484
30-Sep-2021 USD 133,915
30-Sep-2020 USD -570,348
30-Sep-2019 USD 25,583
30-Sep-2018 USD -4,481,530
30-Sep-2017 USD -425,318
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-Sep-2022 USD 1,474 7,039 202,093 14,413,007 4,899,082 -26,574,553 -8,034,882
30-Sep-2021 USD 1,336 27,403 92,043 14,413,007 4,899,082 -23,997,069 -5,457,398
30-Sep-2020 USD 204,258 219,571 4,923,469 14,413,006 -24,130,984 -10,490,396
30-Sep-2019 USD 417,290 420,940 4,971,273 14,413,006 -23,560,636 -9,920,048
30-Sep-2018 USD 606,814 899,461 5,069,037 81,330 14,413,006 -23,586,219 -9,945,631
30-Sep-2017 USD 110,366 317,250 203,722 49,637 13,640,588 -19,104,689 -5,464,101
31-Dec-2016 GBP 88,511 646,099 261,215 10,150,002 -13,790,538 -3,640,536

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Sep-2021 USD 0.00% 4,899,083 70,610,512,673,498 70,610,517,572,581 70,610,515,020,243
30-Sep-2018 USD 5.36% 772,418 13,640,588 14,413,006 13,733,691
30-Sep-2017 USD 25.59% 3,490,586 10,150,002 13,640,588 11,820,675
* 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)
Resigned PX APPOINTMENTS LIMITED 10 May 2006 08 Jun 2017 4 - 30
Resigned INGLEBY NOMINEES LIMITED 05 May 2006 10 May 2006 0 - 177

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Richard Jonathan HOLTUM 01 Jun 2023 Director British 1 - 00 (0.0%)
Active Naeem AHMED 16 Apr 2021 Director British 5 - 10 (0.0%)
Resigned Robert James GILLON 03 Jul 2019 16 Apr 2021 Head Of Oil Trading British 6 - 60 (0.0%)
Resigned Jose Maria LAROCCA 08 Jun 2017 28 Jan 2021 Oil Trader Italian 1 - 10 (0.0%)
Resigned Michael Stuart WAINWRIGHT 08 Jun 2017 01 Jun 2023 Company Director British 0 - 50 (0.0%)
Resigned Mark Joseph IRWIN 08 Jun 2017 03 Jul 2019 Chartered Accountant British 5 - 60 (0.0%)
Resigned Nicholas Stuart James BEDFORD 01 Mar 2012 08 Jun 2017 Chief Financial Officer British 0 - 20 (0.0%)
Resigned Oliver VAN DER MOND 01 Jan 2011 01 Mar 2012 Cfo German 0 - 20 (0.0%)
Resigned Hendrik, Dr NIEBAUM 10 Jun 2008 01 Jan 2011 Cfo German 0 - 20 (0.0%)
Resigned Robert Allen BRYNGELSON 10 Jun 2008 08 Jun 2017 Ceo American 0 - 20 (0.0%)
Resigned Frederic DORWART 22 Mar 2007 10 Jun 2008 Lawyer Usa 0 - 10 (0.0%)
Resigned Don MILLICAN 18 Jan 2007 10 Jun 2008 Management Usa 0 - 10 (0.0%)
Resigned Martin Richard GREEN 03 Aug 2006 18 Jan 2007 Company Director British 1 - 279 (32.1%)
Resigned Peter Anthony HUTCHINSON 10 May 2006 18 Jan 2007 Director British 0 - 4310 (23.3%)
Resigned Timothy James UNDERDOWN 10 May 2006 18 Jan 2007 Director British 1 - 3310 (29.4%)
Resigned INGLEBY HOLDINGS LIMITED 05 May 2006 10 May 2006 0 - 17783 (46.9%)
Number of active directors: 2
Average tenure of active directors: 1.9 years
Average tenure of resigned directors: 2.6 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
IMPALA TERMINALS UK LTD. (01238849) - Active
SEAL SANDS GAS TRANSPORTATION LIMITED (05807610) - Active
TEESSIDE GASPORT LIMITED (10599626) - Active
NN2 NEWCO LIMITED (12052549) - Active
TRAFIGURA TRADING (UK) LIMITED (12837960) - Active
NALA RENEWABLES LIMITED (13493793) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SEAL SANDS GAS TRANSPORTATION 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


No Patents found

COMPETITORS

(Based on Sic code: 35210 Manufacture of gas)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
NATIONAL GRID GAS PLC NATIONAL GRID HOUSE WARWICK TECHNOLOGY PARK, GALLOWS HILL, WARWICK, CV34 6DA 02006000 2018-03-31 1,424,000,000 387,000,000
SOUTH HOOK LNG TERMINAL COMPANY LTD. COMPANY SECRETARY, SOUTH HOOK LNG TERMINAL COMPANY LTD DALE ROAD, HERBRANDSTON, MILFORD HAVEN, PEMBROKESHIRE, WALES, SA73 3SU 04982132 2018-12-31 49,055,000 96,848,000
DRAGON LNG LIMITED MAIN ROAD, WATERSTON, MILFORD HAVEN, PEMBROKESHIRE, SA73 1DR 04562711 2018-12-31 69,181,000 11,472,000
CRYOSERVICE LIMITED WARNDON BUSINESS PARK, PRESCOTT DRIVE, WORCESTER, WORCESTERSHIRE, WR4 9RH 00976552 2017-09-30 36,634,000 8,604,000

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
SEAL SANDS GAS TRANSPORTATION 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% 1.5% 2.8% Medium
Accounting Month 0.7% 4.4% 10.6% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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