FINLAY EXTRACTS & INGREDIENTS UK LIMITED

SWIRE HOUSE, 59 BUCKINGHAM GATE, LONDON, SW1E 6AJ

Previous 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-2024
Accounts 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
* 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 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 - 41 (8.3%)
Resigned Mark Anthony LAWSON 28 Sep 2015 31 Mar 2020 Trading Direcor - Tea British 1 - 50 (0.0%)
Resigned Guy Rufus CHAMBERS 11 Sep 2015 03 Jun 2022 Managing Director British 5 - 111 (6.3%)
Resigned Gerald Owain WILLIAMS 02 Jan 2014 07 Jun 2019 Engineer British 0 - 20 (0.0%)
Active Julian Michael RUTHERFORD 01 Feb 2013 Accountant British 9 - 102 (10.5%)
Resigned Neil Robert WILLSHER 01 May 2012 30 Jun 2020 Managing Director British 3 - 80 (0.0%)
Resigned Brett Geoffrey SUMNER 02 Feb 2010 15 Jan 2016 Accountant British 0 - 320 (0.0%)
Resigned Richard Andrew DARLINGTON 02 Feb 2010 30 Apr 2012 Tea Trader British 3 - 61 (11.1%)
Resigned Ronald James MATHISON 22 Sep 2008 11 Sep 2015 Managing Director British 0 - 186 (33.3%)
Resigned Rupert Bruce Grantham Trower HOGG 21 Dec 2007 22 Sep 2008 Company Director British 0 - 156 (40.0%)
Resigned Rupert Bruce Grantham Trower HOGG 21 Dec 2007 22 Sep 2008 Company Director British 1 - 112 (16.7%)
Resigned Robert John CORSAN 21 Dec 2007 02 Feb 2010 Chartered Accountant British 0 - 72 (28.6%)
Resigned Anthony Francis BARCROFT 21 Dec 2007 02 Feb 2010 Company Director United Kingdom 2 - 41 (16.7%)
Resigned Paul Robert HENSON 21 Dec 2007 01 Feb 2013 Chartered Accountant British 0 - 5418 (33.3%)
Number of active directors: 2
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

Name
 
CHINA NAVIGATION COMPANY LIMITED(THE) (00006005) - Active
WESTMILL FOODS LIMITED (00044394) - Active
FINLAY BEVERAGES LIMITED (00047601) - Active
JAMES FINLAY MANAGEMENT & SECRETARIAL SERVICES LIMITED (00448872) - Dissolved
B.E. INTERNATIONAL FOODS LIMITED (00602013) - Active
FINLAY TEA SOLUTIONS UK LIMITED (00627015) - Active
P.R. BUCHANAN & CO. LIMITED (00894273) - Dissolved
JAMES FINLAY INTERNATIONAL HOLDINGS LIMITED (01088739) - Active
DAVJON FOOD LIMITED (01234502) - Active
PRIDE OILS PUBLIC LIMITED COMPANY (01247469) - Active
TASMAN ORIENT LINE (U.K.) LIMITED (03029127) - Active - Proposal to Strike off
FLAMINGO HOLDINGS LIMITED (04084638) - Active
FINLAY HULL LIMITED (04950055) - Active
FINLAY EXTRACTS & INGREDIENTS UK LIMITED (06459409) - Active
FINLAY COFFEE LIMITED (08264857) - Active
FLAMINGO HORTICULTURE INVESTMENTS LIMITED (08275291) - Active
SWIRE SHIPPING PTE. LTD. (FC029467) - Active
JAMES FINLAY LIMITED (SC007139) - Active
BROWNS PLANTATIONS KENYA LIMITED (SC013800) - Active
JAMES FINLAY CORPORATION LIMITED (SC054570) - Active
JAMES FINLAY INTERNATIONAL (U.K.) LIMITED (SC070472) - Active
HIGHLAND PRODUCTS LIMITED (SC268784) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-02-282018-02-282017-02-282016-02-292015-02-28
JAMES FINLAY LIMITEDORDINARY70,681,346
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
2017-02-282016-02-28
FINLAY EXTRACTS & INGREDIENTS UK LIMITEDORDINARY100
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
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