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SHERWIN-WILLIAMS UK COATINGS LIMITED
1 BRIDGEWATER PLACE, WATER LANE, LEEDS, WEST YORKSHIRE, LS11 5QRPrevious 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-2022Accounts 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|
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 - 8 | 10 (66.7%) | |
Active | Catherine Geraldene MORLEY | 10 Jan 2022 | Finance Director | British | 9 - 7 | 11 (68.8%) | |
Resigned | James Michael DONCHESS | 29 Mar 2019 | 10 Jan 2022 | Attorney | American | 3 - 9 | 9 (75.0%) |
Resigned | Dennis Harold KARNSTEIN | 29 Mar 2019 | 30 Jun 2021 | Regional President - Emeai | American | 0 - 13 | 9 (69.2%) |
Resigned | Ezio Nicola Giacomo BRAGGIO | 09 Jan 2018 | 29 Mar 2019 | President Emeai, Corporate Vice President | Italian | 0 - 16 | 10 (62.5%) |
Resigned | Jeffrey James MIKLICH | 08 Jan 2018 | 10 Jan 2022 | Business Executive | American | 3 - 17 | 11 (55.0%) |
Resigned | Allen Joseph MISTYSYN | 08 Jan 2018 | 29 Mar 2019 | Business Executive | American | 0 - 18 | 11 (61.1%) |
Resigned | John George MORIKIS | 09 May 2016 | 08 Jan 2018 | Chief Executive Officer | American | 0 - 8 | 4 (50.0%) |
Resigned | Tomas Roland Mikael BERGDAHL | 01 Jun 2015 | 08 Jan 2018 | Vice President And General Manager Sherwin-William | Swedish | 0 - 1 | 1 (100.0%) |
Resigned | Dennis KARNSTEIN | 07 Oct 2013 | 01 Jun 2015 | Senior Vice President & General Manager | American | 0 - 1 | 1 (100.0%) |
Resigned | Graham BUCHAN | 07 Oct 2013 | 10 Jan 2022 | Vice President Finance | British | 0 - 30 | 9 (30.0%) |
Resigned | SHERWIN-WILLIAMS UK COATINGS LIMITED | 25 Feb 2011 | 25 Feb 2011 | 0 - 1 | 1 (100.0%) | ||
Resigned | Paul BARROW | 25 Feb 2011 | 07 Oct 2013 | Director | British | 0 - 8 | 3 (37.5%) |
Resigned | Howard Stephen HARGREAVES | 25 Feb 2011 | 07 Oct 2013 | Director | British | 0 - 10 | 4 (40.0%) |
Resigned | Sean Patrick HENNESSY | 02 May 2010 | 08 Jan 2018 | Business Executive | American | 0 - 6 | 4 (66.7%) |
Resigned | Drew Armstrong MCCANDLESS | 05 Feb 2010 | 07 Oct 2013 | Business Executive | United States | 0 - 1 | 1 (100.0%) |
Resigned | Christopher Michael CONNOR | 05 Feb 2010 | 07 Oct 2013 | Business Executive | American | 0 - 6 | 4 (66.7%) |
Resigned | Sean Patrick HENNESSY | 05 Feb 2010 | 07 Oct 2013 | Business Executive | American | 0 - 6 | 4 (66.7%) |
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 | ||||
---|---|---|---|---|---|---|
2016-02-05 | 2015-02-05 | 2014-02-05 | 2013-02-05 | 2012-02-05 | ||
SHERWIN-WILLIAMS UK HOLDING LIMITED | ORDINARY | 1 100% | 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 |