SHERWIN-WILLIAMS UK COATINGS LIMITED

1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR

Previous name: RPG ACQUISITION LIMITED (changed on 16-Mar-2010)

Company Number: 07148590
Incorporation date: 05-Feb-2010
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants





SUMMARY

This company is 14.2 years old and is currently liquidation. It is controlled by Sherwin-Williams Uk Holding Limited. The company has negative equity (net assets) of GBP -7.5 million which has worsened since the previous year's figure of GBP -5. 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 -7.5 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 15 other companies, 10 (66.7%) of which have since been dissolved or are proposed for strike off. 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-2022
Accounts Filed: FULL (31-Dec-2020)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP -1,204,273 235,051
31-Dec-2018 GBP 21,375,881 -2,053,392 247,636
31-Dec-2017 GBP 3 5 4 8
31-Dec-2016 GBP 18,692,259 309,215 138,607 80,277 90,331
31-Dec-2015 GBP 16,272,710 -441,935 163,856 105,960
31-Dec-2014 GBP 16,376,535 -1,534,260 168,679 359,332
31-Dec-2013 GBP 15,307,027 130,319 186,750 15,917
31-Dec-2012 GBP 12,379,458 65,218 68 117,763 5,470
31-Dec-2011 GBP 8,711,355 20,104 103,733 17,357
31-Dec-2010 GBP 5,900,775 21,187 78,233 37,571 133,638


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 7,799,321 13,568,961 2,011,320 1 -7,503,665 -7,503,664
31-Dec-2018 GBP 6,908,357 10,539,631 1,927,844 1 -5,288,411 -5
31-Dec-2017 GBP 5,799,548 3,014,877 6 -3,041,829 -3,041,828
31-Dec-2016 GBP 5,518,602 4,645,223 2,991,586 1 -1,543,532 -1,543,531
31-Dec-2015 GBP 5,254,192 1,955,443 5,783,236 1 -1,664,053 -1,664,052
31-Dec-2014 GBP 69,675 5,330,206 2,075,705 5,557,914 1 -1,196,341 -1,196,340
31-Dec-2013 GBP 242,808 6,600,901 4,160,106 1 -57,726 -57,725
31-Dec-2012 GBP 33,852 5,327,276 4,937,297 1 -17,213
31-Dec-2011 GBP 2,773 4,296,080 3,854,322 29,795 29,796
31-Dec-2010 GBP 244,611 2,810,818 2,272,958 96,067 96,068

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 100.00% 1 0 1 963,926
31-Dec-2017 GBP inf% -1 1 0 -1,263,505
31-Dec-2012 GBP 100.00% 1 0 1 -18,312
* 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)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned? Simon John WALKER 10 Jan 2022 Director British 7 - 810 (66.7%)
Active Catherine Geraldene MORLEY 10 Jan 2022 Finance Director British 9 - 711 (68.8%)
Resigned James Michael DONCHESS 29 Mar 2019 10 Jan 2022 Attorney American 3 - 99 (75.0%)
Resigned Dennis Harold KARNSTEIN 29 Mar 2019 30 Jun 2021 Regional President - Emeai American 0 - 139 (69.2%)
Resigned Ezio Nicola Giacomo BRAGGIO 09 Jan 2018 29 Mar 2019 President Emeai, Corporate Vice President Italian 0 - 1610 (62.5%)
Resigned Jeffrey James MIKLICH 08 Jan 2018 10 Jan 2022 Business Executive American 3 - 1711 (55.0%)
Resigned Allen Joseph MISTYSYN 08 Jan 2018 29 Mar 2019 Business Executive American 0 - 1811 (61.1%)
Resigned John George MORIKIS 09 May 2016 08 Jan 2018 Chief Executive Officer American 0 - 84 (50.0%)
Resigned Tomas Roland Mikael BERGDAHL 01 Jun 2015 08 Jan 2018 Vice President And General Manager Sherwin-William Swedish 0 - 11 (100.0%)
Resigned Dennis KARNSTEIN 07 Oct 2013 01 Jun 2015 Senior Vice President & General Manager American 0 - 11 (100.0%)
Resigned Graham BUCHAN 07 Oct 2013 10 Jan 2022 Vice President Finance British 0 - 309 (30.0%)
Resigned SHERWIN-WILLIAMS UK COATINGS LIMITED 25 Feb 2011 25 Feb 2011 0 - 11 (100.0%)
Resigned Paul BARROW 25 Feb 2011 07 Oct 2013 Director British 0 - 83 (37.5%)
Resigned Howard Stephen HARGREAVES 25 Feb 2011 07 Oct 2013 Director British 0 - 104 (40.0%)
Resigned Sean Patrick HENNESSY 02 May 2010 08 Jan 2018 Business Executive American 0 - 64 (66.7%)
Resigned Drew Armstrong MCCANDLESS 05 Feb 2010 07 Oct 2013 Business Executive United States 0 - 11 (100.0%)
Resigned Christopher Michael CONNOR 05 Feb 2010 07 Oct 2013 Business Executive American 0 - 64 (66.7%)
Resigned Sean Patrick HENNESSY 05 Feb 2010 07 Oct 2013 Business Executive American 0 - 64 (66.7%)
Number of active directors: 1
Average tenure of active directors: 4.4 years
Average tenure of resigned directors: 2.9 years
Average active director Dissolution Rate: 68.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS (00893081) - Liquidation
PLASTI-KOTE LIMITED (02013215) - Liquidation
GEOCEL LIMITED (02539551) - Liquidation
VALSPAR POWDER COATINGS LIMITED (02849106) - Liquidation
QUEST AUTOMOTIVE PRODUCTS UK LIMITED (02925683) - Liquidation
THE VALSPAR (UK) CORPORATION, LIMITED (03049772) - Liquidation
VALSPAR AUTOMOTIVE (UK) CORPORATION LIMITED (03287388) - Liquidation
W & J LEIGH & CO. LIMITED (04954265) - Active
INVER COLOR LTD (05944238) - Liquidation
INVER UK LIMITED (06707425) - Liquidation
SHERWIN-WILLIAMS UK HOLDING LIMITED (07037084) - Liquidation
SHERWIN-WILLIAMS UK AUTOMOTIVE LIMITED (07037088) - Active
SHERWIN-WILLIAMS UK COATINGS LIMITED (07148590) - Liquidation
THE VALSPAR (UK) FUNDING CORPORATION LIMITED (07185959) - Active
QUEST UK ACQUISITION LTD. (08518890) - Active
THE VALSPAR (UK) SPECIAL HOLDING CORPORATION LTD (10537718) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-02-052015-02-052014-02-052013-02-052012-02-05
SHERWIN-WILLIAMS UK HOLDING LIMITEDORDINARY1
100%
1
100%
1
100%
1
100%
1
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SHERWIN-WILLIAMS UK COATINGS LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2021-06-01 2021-09-30 59 32% 80% 54047
2021-01-01 2021-06-30 52 31% 78% 46718
2020-07-01 2020-12-31 50 18% 84% 41627
2020-01-01 2020-06-30 61 28% 68% 33289
2019-07-01 2019-12-31 35 13% 75% 27460
2019-01-01 2019-06-30 40 20% 86% 18924
2018-07-01 2018-12-31 38 18% 53% 10974
2018-01-01 2018-06-30 41 19% 52% 5791


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
3M UNITED KINGDOM PUBLIC LIMITED COMPANY 3M CENTRE, CAIN ROAD, BRACKNELL, BERKSHIRE, RG12 8HT 01123045 2017-12-31 841,568,000 20,438,000 23910-Production of abrasive products
32990-Other manufacturing not elsewhere classified
PPG ARCHITECTURAL COATINGS UK LIMITED PPG ARCHITECTURAL COATINGS UK LIMITED HUDDERSFIELD ROAD, BIRSTALL, BATLEY, WEST YORKSHIRE, WF17 9XA 00436135 2017-12-31 244,691,000 34,226,000
CROWN PAINTS LIMITED CROWN HOUSE, HOLLINS ROAD, DARWEN, LANCASHIRE, BB3 0BG 06624576 2017-12-31 164,603,000 7,963,000
JOTUN PAINTS (EUROPE) LIMITED JOTUN PAINTS (EUROPE) LTD, STATHER ROAD, FLIXBOROUGH, SCUNTHORPE, NORTH LINCS, DN15 8RR 00925019 2018-12-31 139,931,000 -5,332,000
SHERWIN-WILLIAMS DIVERSIFIED BRANDS LIMITED AVENUE ONE, STATION LANE, WITNEY, OXFORDSHIRE, UNITED KINGDOM, OX28 4XR 02968830 2017-12-31 92,056,848 -13,008,860 20590-Manufacture of other chemical products not elsewhere classified
TREMCO ILLBRUCK LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 00251311 2018-05-31 66,036,682 4,359,562 20590-Manufacture of other chemical products not elsewhere classified
TOR COATINGS LIMITED 1 CHAMBERLAIN SQUARE CS, BIRMINGHAM, UNITED KINGDOM, B3 3AX 04503854 2018-05-31 58,513,153 8,254,868
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 00893081 2017-12-31 56,683,843 2,307,987
U-POL LIMITED U-POL TECH CENTRE DENINGTON ROAD, DENINGTON INDUSTRIAL ESTATE, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 2QH 00464919 2017-12-31 51,999,000 5,705,000 20590-Manufacture of other chemical products not elsewhere classified
BROWN BROTHERS DISTRIBUTION LIMITED NEEDHAM ROAD, STOWMARKET, SUFFOLK, UNITED KINGDOM, IP14 2AD 01438525 2017-12-31 47,993,213 3,396,840 46900-Non-specialised wholesale trade
EFTEC LIMITED TREHERBERT ROAD, RHIGOS, ABERDARE, MID GLAMORGAN, CF44 9UE 01406940 2017-12-31 29,139,000 0
VALSPAR POWDER COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 02849106 2017-12-31 23,688,213 -5,276,774
SHERWIN-WILLIAMS UK COATINGS LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QR 07148590 2017-12-31 21,230,083 -1,555,083
PJ COLOURS LIMITED THE GLADES FESTIVAL WAY, FESTIVAL PARK, STOKE-ON-TRENT, ST1 5SQ 03479538 2018-04-30 12,859,192 0
HI-TECH COATINGS INTERNATIONAL LIMITED 3RD FLOOR, 1 ASHLEY ROAD, ALTRINCHAM, CHESHIRE, UNITED KINGDOM, WA14 2DT 04386890 2018-03-31 10,816,020 0
QUEST CONSTRUCTION PRODUCTS UK LTD UNITS 1 & 2, ELDON WAY, BIGGLESWADE, BEDFORDSHIRE, ENGLAND, SG18 8NH 09437729 2017-12-31 2,410,462 0
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 314,445
PLASTI-KOTE LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 02013215 2017-12-31 760,127 0
WINDRIDGE COATINGS LIMITED 424 MARGATE ROAD, WESTWOOD, RAMSGATE, KENT, ENGLAND, CT12 6SJ 03182385 2018-04-05 471,557 0
INDUSTRIAL PROTECTIVE COATINGS LIMITED 15 JASMINE ROAD, GREAT BRIDGEFORD, STAFFORD, UNITED KINGDOM, ST18 9PT 10578245 2019-01-31 26,058 0
SURFACE COATING INGREDIENTS LIMITED 23 CHURCH STREET, RICKMANSWORTH, HERTFORDSHIRE, WD3 1DE 06785080 2018-01-31 14,112 0
SHREWD MOVES LTD A SEED, 54, WOOD STREET, LYTHAM ST. ANNES, UNITED KINGDOM, FY8 1QG 08925745 2018-03-31 4,250 0
INVER UK LIMITED 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR 06707425 2018-12-31 0 0
HMG PAINTS LIMITED RIVERSIDE WORKS, COLLYHURST ROAD, MANCHESTER, M40 7RU 00669551 0000-00-00 0 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 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
Do you have a dispute with a business?
Make it public