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FINLAY EXTRACTS & INGREDIENTS UK LIMITED
SWIRE HOUSE, 59 BUCKINGHAM GATE, LONDON, SW1E 6AJPrevious name: FINLAY EXTRACTS LIMITED (changed on 28-Sep-2015)
Company Number: 06459409
Incorporation date: 21-Dec-2007
Status: Active
Entity type: Private Limited Company
SIC codes:
10831 Tea processing
46370 Wholesale of coffee, tea, cocoa and spices
SUMMARY
This company is 16.3 years old and is currently active. It is controlled by James Finlay Limited. The company has positive equity (net assets) of USD 88.8 million which has increased from USD 86.1 million in the previous year. The latest reported revenue figure is USD 25 million which is down -10% on the previous year. Retained earnings is negative (USD -12.6 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 21 other companies, 2 (9.5%) 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: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | USD | 24,952,000 | 3,134,000 | 3,312,000 | 6,330,000 | 115,000 | 2,751,000 |
31-Dec-2018 | USD | 29,028,000 | -9,398,000 | 4,094,000 | 6,418,000 | 1,132,000 | -7,320,000 |
31-Dec-2017 | USD | 26,952,000 | -5,510,000 | 2,904,000 | 4,607,000 | 545,000 | -2,068,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | USD | 6,472,000 | 63,198,000 | 151,595,000 | 101,428,000 | -12,586,000 | 88,842,000 | ||
31-Dec-2018 | USD | 3,919,000 | 25,176,000 | 115,024,000 | 48,250,000 | 101,428,000 | 86,091,000 | ||
31-Dec-2017 | USD | 7,000 | 37,133,000 | 124,013,000 | 48,168,000 | 95,257,000 | 87,240,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | USD | 6.08% | 6,171,000 | 95,257,000 | 101,428,000 | 144,588,500 |
** 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 | David Charles MORRIS | 03 Oct 2018 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Ann Marie DIBBEN | 27 Feb 2018 | 13 Jul 2018 | 0 - 1 | ||
Resigned | JAMES FINLAY LIMITED | 21 Dec 2007 | 27 Feb 2018 | 0 - 40 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | James Hugh WOODROW | 30 Jun 2022 | Managing Director | British | 8 - 4 | 1 (8.3%) | |
Resigned | Mark Anthony LAWSON | 28 Sep 2015 | 31 Mar 2020 | Trading Direcor - Tea | British | 1 - 5 | 0 (0.0%) |
Resigned | Guy Rufus CHAMBERS | 11 Sep 2015 | 03 Jun 2022 | Managing Director | British | 5 - 11 | 1 (6.3%) |
Resigned | Gerald Owain WILLIAMS | 02 Jan 2014 | 07 Jun 2019 | Engineer | British | 0 - 2 | 0 (0.0%) |
Active | Julian Michael RUTHERFORD | 01 Feb 2013 | Accountant | British | 9 - 10 | 2 (10.5%) | |
Resigned | Neil Robert WILLSHER | 01 May 2012 | 30 Jun 2020 | Managing Director | British | 3 - 8 | 0 (0.0%) |
Resigned | Brett Geoffrey SUMNER | 02 Feb 2010 | 15 Jan 2016 | Accountant | British | 0 - 32 | 0 (0.0%) |
Resigned | Richard Andrew DARLINGTON | 02 Feb 2010 | 30 Apr 2012 | Tea Trader | British | 3 - 6 | 1 (11.1%) |
Resigned | Ronald James MATHISON | 22 Sep 2008 | 11 Sep 2015 | Managing Director | British | 0 - 18 | 6 (33.3%) |
Resigned | Rupert Bruce Grantham Trower HOGG | 21 Dec 2007 | 22 Sep 2008 | Company Director | British | 0 - 15 | 6 (40.0%) |
Resigned | Rupert Bruce Grantham Trower HOGG | 21 Dec 2007 | 22 Sep 2008 | Company Director | British | 1 - 11 | 2 (16.7%) |
Resigned | Robert John CORSAN | 21 Dec 2007 | 02 Feb 2010 | Chartered Accountant | British | 0 - 7 | 2 (28.6%) |
Resigned | Anthony Francis BARCROFT | 21 Dec 2007 | 02 Feb 2010 | Company Director | United Kingdom | 2 - 4 | 1 (16.7%) |
Resigned | Paul Robert HENSON | 21 Dec 2007 | 01 Feb 2013 | Chartered Accountant | British | 0 - 54 | 18 (33.3%) |
Average tenure of active directors: 6.5 years
Average tenure of resigned directors: 4.2 years
Average active director Dissolution Rate: 9.4%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 | 2015-02-28 | ||
JAMES FINLAY LIMITED | ORDINARY | 70,681,346 100% | 65,868,010 100% | 34,883,066 100% | 34,883,066 100% | 34,883,066 100% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | |
---|---|---|---|
2017-02-28 | 2016-02-28 | ||
FINLAY EXTRACTS & INGREDIENTS UK LIMITED | ORDINARY | 100 100% | 99 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
FINLAY EXTRACTS & INGREDIENTS UK LIMITED
Controlled companies below
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:
10831 Tea processing)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
AIMIA FOODS LIMITED | PENNY LANE, HAYDOCK, MERSEYSIDE, WA11 0QZ | 01542173 | 2017-12-30 | 72,085,000 | 15,920,000 |
10840-Manufacture of condiments and seasonings 10890-Manufacture of other food products not elsewhere classified |
FINLAY BEVERAGES LIMITED | ELMSALL WAY, SOUTH ELMSALL, PONTEFRACT, WEST YORKSHIRE, WF9 2XS | 00047601 | 2017-12-31 | 50,504,000 | -1,371,000 |
10832-Production of coffee and coffee substitutes |
IHOMES MEDICAL LLP | 6 TRENCH ROAD, NEWTOWNABBEY, NORTHERN IRELAND, BT36 4TY | NC000846 | 2017-12-31 | 101,009 | 0 | |
THE HERBALL LTD | BATES GREEN FARM UNIT 3A-3B TYE HILL ROAD, ARLINGTON, POLEGATE, ENGLAND, BN26 6SH | 08621034 | 2018-07-31 | 11,144 | 0 |
56210-Event catering activities 86900-Other human health activities |
THE RAMSBURY TEA COMPANY LIMITED | 37 VICTORIA ROAD, TROWBRIDGE, UNITED KINGDOM, BA14 7LH | 10601723 | 2019-02-28 | 7,038 | 0 |
46370-Wholesale of coffee, tea, cocoa and spices |
LIONHEART TEA LIMITED | , , 71-75 SHELTON STREET COVENT GARDEN, , LONDON, , UNITED KINGDOM, WC2H 9JQ | 11129683 | 2018-12-31 | 0 | 0 |
46370-Wholesale of coffee, tea, cocoa and spices 47910-Retail sale via mail order houses or via Internet |
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 |
---|---|---|---|---|
FINLAY EXTRACTS & INGREDIENTS UK 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 | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.8% | 3.8% | 7.5% | Medium |