HEARING DIRECT LIMITED

UNIT 1-3 HILLTOP BUSINESS PARK, DEVIZES ROAD, SALISBURY, WILTSHIRE, SP3 4UF

Previous name: SHOO 474 LIMITED (changed on 29-Aug-2009)

Company Number: 06967190
Incorporation date: 20-Jul-2009
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
47741 Retail sale of hearing aids
47910 Retail sale via mail order houses or via Internet




SUMMARY

This company is 14.7 years old and is currently liquidation. It is controlled by Mr Mark Andrew Georgevic. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -636.9 thousand which has worsened since the previous year's figure of GBP -443.9 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -343 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 -1.5 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 1 active officers (directors or partners) who are or were officers of 4 other companies. 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-2021
Accounts Filed: TOTAL EXEMPTION FULL (31-Mar-2020)


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-2020 GBP 435,041 750,457 1,422,026 155,000 114,467 643,698 -1,545,037 -636,872
31-Mar-2019 GBP 385,829 703,448 1,151,226 155,000 114,467 643,698 -1,202,044 -443,879
31-Mar-2018 GBP 277,228 570,787 759,009 239,117 114,467 643,698 -1,005,143 -246,978
31-Mar-2017 GBP 152,774 513,265 631,823 180,117 104,964 291,042 -535,165 -139,159
31-Mar-2016 GBP 154,171 434,362 442,703 180,117 104,964 291,042 -521,464 -125,458
31-Mar-2015 GBP 111,567 254,687 309,825 170,117 104,964 291,042 -564,380 -168,374
31-Mar-2014 GBP 136,510 229,787 302,076 170,117 104,964 291,042 -586,766 -190,760
31-Mar-2013 GBP 92,559 143,794 163,770 170,117 104,964 293,692 -565,730 -167,074
31-Mar-2012 GBP 95,874 141,419 161,137 170,117 92,159 179,205 -440,711 -169,347

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2018 GBP 8.30% 362,159 4,000,174 4,362,333 4,175,870
31-Mar-2013 GBP 12.20% 127,292 916,135 1,043,427 1,055,681
* 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 SRLV LLP 01 Jan 2021 29 Mar 2024 64 - 73
Resigned NEW BOND STREET REGISTRARS LIMITED 31 Mar 2016 31 Dec 2020 0 - 135
Resigned BOND STREET REGISTRARS LIMITED 01 Jan 2013 31 Mar 2016 0 - 217
Resigned ORTLAND REGISTRARS LIMITED 14 Oct 2010 01 Jan 2013 0 - 1
Resigned Stuart CANTERBURY 19 Oct 2009 14 Oct 2010 0 - 1
Resigned SHOOSMITHS SECRETARIES LIMITED 20 Jul 2009 19 Oct 2009 81 - 750

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned Alexander Jan FORTESCUE 05 Feb 2011 24 Aug 2015 None British 3 - 3412 (32.4%)
Resigned Jeffrey Joseph MURPHY 04 Jan 2011 30 Jul 2012 None British 0 - 1410 (71.4%)
Resigned Gary HILL 19 Oct 2009 01 Dec 2020 Marketing Manager British 1 - 33 (75.0%)
Active Stuart David Edward CANTERBURY 19 Oct 2009 Consultant British 1 - 56 (100.0%)
Resigned Christopher ORMROD 26 Aug 2009 19 Oct 2009 Company Director British 2 - 124 (28.6%)
Resigned Sanjeev Kumar SHARMA 20 Jul 2009 26 Aug 2009 Solicitor British 3 - 3823 (56.1%)
Number of active directors: 1
Average tenure of active directors: 14.5 years
Average tenure of resigned directors: 3.5 years
Average active director Dissolution Rate: 100.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
RED STILTON LIMITED (06392240) - Dissolved
S & G ADLER LTD (06527065) - Dissolved
HEARING DIRECT LIMITED (06967190) - Liquidation
HD SHIPPING LIMITED (11172800) - Dissolved
HD ACCESSORIES LIMITED (11556406) - Active - Proposal to Strike off

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

HEARING DIRECT 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: 47741 Retail sale of hearing aids)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
SCRIVENS LIMITED SCRIVENS HOUSE, 60 ISLINGTON ROW MIDDLEWAY, EDGBASTON, BIRMINGHAM, B15 1PH 00377588 2017-10-29 39,338,438 1,832,398 47782-Retail sale by opticians

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 0.5% 2.1% 4.2% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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