MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED

MERIDIAN ORCHARD WAY, CALLIDINE PARK, SUTTON-IN-ASHFIELD, NOTTINGHAMSHIRE, NG17 1JU

Previous 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-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 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**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 00 (0.0%)
Resigned Jian LUO 28 Apr 2014 30 Jun 2023 Director Chinese 0 - 20 (0.0%)
Active Bin CHEN 28 Apr 2014 Company Director Chinese 1 - 00 (0.0%)
Resigned David TURNER 07 May 2013 19 Dec 2014 Manging Director British 0 - 104 (40.0%)
Resigned Alan James MILLER 05 Jun 2012 06 Jun 2014 Business Executive U.S. 0 - 10 (0.0%)
Resigned Eric Richard SHOWALTER 15 Sep 2008 28 Apr 2014 Ceo American 0 - 10 (0.0%)
Resigned Stephen BROWN 16 Jun 2008 31 Oct 2010 Plant Manager British 0 - 32 (66.7%)
Resigned Robert Marion CARUSO 12 Jun 2008 15 Sep 2008 Consultant American 0 - 10 (0.0%)
Resigned 7SIDE NOMINEES LIMITED 09 Jun 2008 12 Jun 2008 0 - 10 (0.0%)
Number of active directors: 2
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
2016-06-092015-06-092014-06-092013-06-092012-06-09
WANFENG MLTH HOLDINGS CO. LTDORDINARY15,176,402
100%
0
0%
0
0%
0
0%
0
0%
MERIDIAN LIGHTWEIGHT TECHNOLOGIES HOLDINGS INC.ORDINARY0
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
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