FUTURE TEXTILES LIMITED

KENDAL HOUSE, 41 SCOTLAND STREET, SHEFFIELD, S3 7BS

Company 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-2017
Accounts Filed: TOTAL EXEMPTION SMALL (31-Mar-2016)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
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
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
* 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 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 - 53 (50.0%)
Resigned? Aidan TRACEY 25 Jan 2008 Manager British 0 - 32 (66.7%)
Resigned Alison Jane ATKINSON 25 Jan 2008 15 Mar 2010 House Wife British 0 - 22 (100.0%)
No director information in our Database

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
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