Do you have a dispute with a business?
Make it public
FUTURE TEXTILES LIMITED
KENDAL HOUSE, 41 SCOTLAND STREET, SHEFFIELD, S3 7BSCompany Number: 06483744
Incorporation date: 25-Jan-2008
Status: Liquidation
Entity type: Private Limited Company
SIC codes:
13910 Manufacture of knitted and crocheted fabrics
SUMMARY
This company is 16.2 years old and is currently liquidation. It is controlled by Mr Aidan Tracey. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -50.5 thousand but has improved from GBP -61.5 thousand in the previous year. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -22 thousand in the last reported period. 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 -50.6 thousand), 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 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: 31-Dec-2017Accounts Filed: TOTAL EXEMPTION SMALL (31-Mar-2016)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Mar-2016 | GBP | 5,811 | 23,314 | 181,267 | 86,405 | 100 | -50,555 | -50,455 | |
31-Mar-2015 | GBP | 2,638 | 40,379 | 156,729 | 84,225 | 100 | -33,000 | -28,551 | -61,451 |
31-Mar-2014 | GBP | 154 | 66,555 | 147,672 | 100 | -33,000 | -26,045 | -58,945 | |
31-Mar-2013 | GBP | 1,350 | 17,306 | 107,437 | 100 | -40,954 | -73,854 | ||
31-Mar-2012 | GBP | 1,372 | 26,128 | 121,616 | 2 | -51,345 | -84,343 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Mar-2013 | GBP | 98.00% | 98 | 2 | 100 | -1,310 |
** 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) |
---|---|---|---|---|---|---|
Resigned | Alison Jane ATKINSON | 25 Jan 2008 | 15 Mar 2010 | 0 - 2 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Resigned | Nicholas James TUCKER | 01 Oct 2010 | 18 Feb 2013 | Knitwear Manufacturer | British | 1 - 5 | 3 (50.0%) |
Resigned? | Aidan TRACEY | 25 Jan 2008 | Manager | British | 0 - 3 | 2 (66.7%) | |
Resigned | Alison Jane ATKINSON | 25 Jan 2008 | 15 Mar 2010 | House Wife | British | 0 - 2 | 2 (100.0%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
FUTURE TEXTILES 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 |
---|---|---|---|
Protective fabrics | 2009-09-07 | Granted | GB2478208 |
COMPETITORS
(Based on Sic code:
13910 Manufacture of knitted and crocheted fabrics)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
SEVEN RAYS STUDIO LIMITED | THE OLD READING ROOM, MELLS, FROME, SOMERSET, BA11 3QA | 09104891 | 2018-06-30 | 3,563 | 0 |
LIQUIDATION RISK (BETA)
This company is Liquidation. Statistically, such companies have a VERY HIGH 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 |
---|---|---|---|---|
Company status | 100.0% | 99.4% | 99.9% | High |
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 | 3.5% | 7.3% | 10.5% | Medium |
Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |