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MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED
MERIDIAN ORCHARD WAY, CALLIDINE PARK, SUTTON-IN-ASHFIELD, NOTTINGHAMSHIRE, NG17 1JUPrevious name: MERIDIAN MAGNESIUM TECHNOLOGIES UK LIMITED (changed on 20-Jun-2008)
Company Number: 06614978
Incorporation date: 09-Jun-2008
Status: Active
Entity type: Private Limited Company
SIC codes:
24530 Casting of light metals
SUMMARY
This company is 15.8 years old and is currently active. It is controlled by Zhejiang Wanfeng Auto Wheel Co., Ltd. The company has negative equity (net assets) of GBP -26.2 million which has worsened since the previous year's figure of GBP -21.1 million. The latest reported revenue figure is GBP 18.7 million which is down -10% on the previous year. 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 -41.4 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 1 other company. 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 | GBP | 18,676,000 | -4,666,000 | 501,000 | -5,167,000 | ||
31-Dec-2018 | GBP | 21,890,000 | 2,965,000 | 660,000 | 2,305,000 | ||
31-Dec-2017 | GBP | 25,810,000 | -15,147,000 | 626,000 | -15,773,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 2,741,000 | 7,651,000 | 18,867,000 | 17,877,000 | 15,176,000 | -41,405,000 | -26,229,000 | |
31-Dec-2018 | GBP | 2,130,000 | 9,546,000 | 20,164,000 | 15,932,000 | 15,176,000 | -36,238,000 | -21,062,000 | |
31-Dec-2017 | GBP | 1,339,000 | 11,472,000 | 28,053,000 | 5,616,000 | 15,176,000 | -38,543,000 | -23,367,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Rong CHEN | 06 Jun 2016 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Candy ZHOU | 28 Apr 2014 | 06 Jun 2016 | 0 - 1 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Yuan LYU | 30 Jun 2023 | Business Executive | Chinese | 1 - 0 | 0 (0.0%) | |
Resigned | Jian LUO | 28 Apr 2014 | 30 Jun 2023 | Director | Chinese | 0 - 2 | 0 (0.0%) |
Active | Bin CHEN | 28 Apr 2014 | Company Director | Chinese | 1 - 0 | 0 (0.0%) | |
Resigned | David TURNER | 07 May 2013 | 19 Dec 2014 | Manging Director | British | 0 - 10 | 4 (40.0%) |
Resigned | Alan James MILLER | 05 Jun 2012 | 06 Jun 2014 | Business Executive | U.S. | 0 - 1 | 0 (0.0%) |
Resigned | Eric Richard SHOWALTER | 15 Sep 2008 | 28 Apr 2014 | Ceo | American | 0 - 1 | 0 (0.0%) |
Resigned | Stephen BROWN | 16 Jun 2008 | 31 Oct 2010 | Plant Manager | British | 0 - 3 | 2 (66.7%) |
Resigned | Robert Marion CARUSO | 12 Jun 2008 | 15 Sep 2008 | Consultant | American | 0 - 1 | 0 (0.0%) |
Resigned | 7SIDE NOMINEES LIMITED | 09 Jun 2008 | 12 Jun 2008 | 0 - 1 | 0 (0.0%) |
Average tenure of active directors: 5.3 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||
---|---|---|---|
MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED (06614978) - Active | ✔ | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2016-06-09 | 2015-06-09 | 2014-06-09 | 2013-06-09 | 2012-06-09 | ||
WANFENG MLTH HOLDINGS CO. LTD | ORDINARY | 15,176,402 100% | 0 0% | 0 0% | 0 0% | 0 0% |
MERIDIAN LIGHTWEIGHT TECHNOLOGIES HOLDINGS INC. | ORDINARY | 0 0% | 12,060,824 100% | 12,060,824 100% | 3,115,578 100% | 3,115,578 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK 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:
24530 Casting of light metals)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
TRITECH PRECISION PRODUCTS LIMITED | BRIDGE ROAD NORTH, WREXHAM INDUSTRIAL ESTATE, WREXHAM, CLWYD, LL13 9PS | 01677427 | 2018-03-31 | 27,562,796 | 0 | |
SARGINSONS INDUSTRIES LIMITED | SARGINSONS INDUSTRIES LIMITED, TORRINGTON AVENUE, COVENTRY, WEST MIDLANDS, CV4 9AG | 00541560 | 2017-11-30 | 6,627,364 | 0 | |
TRITECH PRECISION PRODUCTS (BARNSTAPLE) LIMITED | BRIDGE ROAD NORTH, WREXHAM INDUSTRIAL ESTATE, WREXHAM, CLWYD, LL13 9PS | 01089958 | 2018-03-31 | 5,394,991 | 0 | |
DRAYCAST FOUNDRIES LIMITED | BELLINGDON RD, CHESHAM, BUCKS, HP5 2NR | 00817931 | 2017-07-31 | 2,915,206 | 0 |
24540-Casting of other non-ferrous metals |
GRAINGER & WORRALL ENGINEERING LIMITED | C/O TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, 20 COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, B4 6AT | 06314112 | 2017-05-31 | 1,012,701 | -51,817 |
71121-Engineering design activities for industrial process and production 71122-Engineering related scientific and technical consulting activities 72190-Other research and experimental development on natural sciences and engineering |
SHALFLEET QUAY LTD. | 39 SOMERSET AVENUE, NORTH YATE, BRISTOL, SOUTH GLOUCESTER, BS37 7SG | 03799480 | 2018-06-30 | 0 | 0 |
82990-Other business support service activities not elsewhere classified |
ARROW CASTINGS LIMITED | 1 HIGH STREET, THATCHAM, BERKS, ENGLAND, RG19 3JG | 03024163 | 0000-00-00 | 0 | 0 |
24540-Casting of other non-ferrous metals 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 |
---|---|---|---|---|
MERIDIAN LIGHTWEIGHT TECHNOLOGIES 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 | 0.7% | 3.5% | 7.0% | Medium |