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SAHAVIRIYA STEEL INDUSTRIES UK LIMITED
2ND FLOOR, 3 PICCADILLY PLACE, MANCHESTER, M1 3BNCompany Number: 07381674
Incorporation date: 20-Sep-2010
Status: Liquidation
Entity type: Private Limited Company
SIC codes:
24100 Manufacture of basic iron and steel and of ferro-alloys
SUMMARY
This company is 13.5 years old and is currently liquidation. The company has positive equity (net assets) of USD 175.6 million which has decreased from the previous year's figure of USD 364.4 million. The latest reported revenue figure is USD 1.5 billion which is up 30% on previous year's figure of USD 1.1 billion. Retained earnings is negative (USD -720 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 4 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-2015Accounts Filed: FULL (31-Dec-2013)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2013 | USD | 1,514,721,000 | -263,578,000 | 45,841,000 | -309,419,000 | ||
31-Dec-2012 | USD | 1,124,853,000 | -432,505,000 | 4,000 | 43,637,000 | 36,952,000 | -439,186,000 |
31-Dec-2011 | USD | 324,374,000 | -5,527,000 | 5,000 | 22,037,000 | 56,173,000 | 28,614,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2013 | USD | 23,500,000 | 296,371,000 | 719,384,000 | 895,576,000 | 34,000 | -719,991,000 | 175,619,000 | |
31-Dec-2012 | USD | 4,134,000 | 351,231,000 | 640,545,000 | 774,942,000 | 14,000 | -410,572,000 | 364,384,000 | |
31-Dec-2011 | USD | 2,539,000 | 275,531,000 | 442,150,000 | 401,544,000 | 14,000 | 28,614,000 | 430,172,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2013 | USD | 13.47% | 120,654,000 | 775,070,478 | 895,724,478 | 821,580,478 |
31-Dec-2012 | USD | 48.18% | 373,398,000 | 401,544,000 | 774,942,000 | 584,906,500 |
** 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) |
---|---|---|---|---|---|---|
Resigned | Simon MELHUISH-HANCOCK | 05 Mar 2013 | 02 Oct 2015 | British | 0 - 1 | |
Resigned | ACI SECRETARIES LIMITED | 20 Sep 2010 | 20 Sep 2010 | 0 - 1 | ||
Resigned | SALANS SECRETARIAL SERVICES LIMITED | 20 Sep 2010 | 05 Mar 2013 | 0 - 1 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Resigned | Philip Westgarth DRYDEN | 05 Mar 2013 | 31 Dec 2013 | Engineer | British | 0 - 10 | 2 (20.0%) |
Resigned | Vittorio Renato CONTI | 05 Mar 2013 | 28 Sep 2015 | Accountant | Belgian | 0 - 1 | 1 (100.0%) |
Active | Somsak SIVAPAIBOON | 05 Mar 2013 | Business Manager | Thai | 1 - 0 | 1 (100.0%) | |
Active | Kittisak MAPANAO | 05 Mar 2013 | Engineer | Thai | 1 - 0 | 1 (100.0%) | |
Active | Rudolf Hans MATHIS | 12 Jul 2012 | Chief Executive | Swiss | 1 - 0 | 1 (100.0%) | |
Resigned | John Anthony KING | 20 Sep 2010 | 20 Sep 2010 | Director | British | 18 - 614 | 304 (48.1%) |
Active | Win VIRIYAPRAPAIKIT | 20 Sep 2010 | Executive | Thai | 1 - 1 | 1 (50.0%) |
Average tenure of active directors: 11.9 years
Average tenure of resigned directors: 1.1 years
Average active director Dissolution Rate: 87.5%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | |||
---|---|---|---|---|---|
2015-02-13 | 2014-02-13 | 2013-02-13 | 2011-02-13 | ||
SAHAVIRIY A STEEL INDUSTRIES PUBLIC CO. LTD | ORDINARY | 556,999 100% | 556,999 100% | 0 0% | 0 0% |
SAHAVIRIYA STEEL INDUSTRIES PUBLIC CO. LTD | ORDINARY | 0 0% | 0 0% | 480,736 100% | 0 0% |
SAHAVIRIYA STEEL INDUSTRIES PUBLIC CO. LTD. | ORDINARY | 0 0% | 0 0% | 0 0% | 130,000 100% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | ||||
---|---|---|---|---|---|---|
2017-10-11 | 2016-10-11 | 2015-10-11 | 2014-10-11 | 2013-10-11 | ||
SAHAVIRIYA STEEL INDUSTRIES UK LIMITED | B ORDINARY | 13,251,358 100.0% | 13,251,358 100.0% | 13,251,358 100.0% | 13,251,358 100.0% | 13,251,358 100.0% |
SAHAVIRIYA STEEL INDUSTRIES UK LIMITED | VOTING | 1 0.000% | 1 0.000% | 1 0.000% | 1 0.000% | 1 0.000% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
no controlling companies
SAHAVIRIYA STEEL INDUSTRIES UK 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:
24100 Manufacture of basic iron and steel and of ferro-alloys)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
TATA STEEL UK LIMITED | 18 GROSVENOR PLACE, LONDON, ENGLAND, SW1X 7HS | 02280000 | 2018-03-31 | 2,403,000,000 | 1,384,000,000 | |
BRITISH STEEL LIMITED | 2 ST PETER'S SQUARE, MANCHESTER, ENGLAND, M2 3EY | 09438207 | 2017-12-31 | 1,177,874,000 | -19,075,000 | |
STEEL & ALLOY PROCESSING LIMITED | TRAFALGAR WORKS, UNION STREET, WEST BROMWICH, WEST MIDLANDS, B70 6BZ | 00944053 | 2017-12-31 | 201,392,000 | 6,502,000 | |
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED | PO BOX 286 BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, S9 2RW | 04883675 | 2017-12-31 | 76,122,000 | -16,430,000 | |
ACENTA STEEL LIMITED | SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW | 03725308 | 2017-12-31 | 68,406,000 | 2,602,000 |
24310-Cold drawing of bars |
SHEFFIELD FORGEMASTERS ENGINEERING LIMITED | PO BOX 286, BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, S9 2RW | 04864216 | 2017-12-31 | 67,227,000 | -12,918,000 | |
USS LIMITED | MILL LANE, MILL LANE, HALESOWEN, WEST MIDLANDS, ENGLAND, B63 3JP | 04045212 | 2017-12-31 | 33,343,648 | 0 | |
M.J. SECTIONS LIMITED | UNIT 5 MARRIOTT ROAD INDUSTRIAL, ESTATE,, NETHERTON, WEST MIDLANDS, DY2 0JZ | 01451657 | 2017-12-31 | 24,569,302 | 0 | |
ABBEY FORGED PRODUCTS LIMITED | BEELEY WOOD WORKS, BEELEY WOOD, LANE, SHEFFIELD, SOUTH YORKSHIRE, S6 1ND | 01644542 | 2017-10-31 | 23,838,490 | 0 | |
ROMANYS LIMITED | 51 BREWER STREET, SOHO, LONDON, W1F 9UQ | 06367402 | 2017-12-31 | 1,114,665 | 0 | |
A & N ENGINEERING (BEDFORDSHIRE) LTD | CROOKED OAK THE BRIDLE WAY, TODDINGTON, DUNSTABLE, BEDS, LU5 6HS | 07351315 | 2017-08-31 | 671,256 | 0 | |
ASPECT BESPOKE ENGINEERING LIMITED | A3 BROOMSLEIGH BUSINESS PARK, WORSLEY BRIDGE ROAD, LONDON, SE26 5BN | 07013596 | 2017-09-30 | 269,812 | 0 | |
ACETASTIC LTD | 15 REPTON DRIVE, COVENTRY, CV6 7LU | 09231668 | 2017-09-30 | 40,002 | 0 | |
GENERAL SYSTEMS INVESTMENTS LIMITED | SUITE 308, 34 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 0RH | 05080351 | 2018-03-31 | 7,578 | 0 | |
K&R PROFESSIONAL SERVICES LTD | STAFFORDSHIRE KNOT, PINFOLD STREET, DARLASTON, WEST MIDLANDS, UNITED KINGDOM, WS10 8TE | 09460794 | 2018-03-31 | 0 | 0 | |
SEEDS & GRAINS INTERNATIONAL LIMITED | 116 BROX ROAD, OTTERSHAW, SURREY, KT16 0LG | 04991281 | 2017-12-31 | 0 | 0 | |
SIMS FOUNDRY LIMITED | LONG MARSTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 8AQ | 07732913 | 2018-06-30 | 0 | 0 | |
ACENTA STEEL GROUP LIMITED | SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW | 07434765 | 0000-00-00 | 0 | 0 | |
TATA STEEL UK HOLDINGS LIMITED | C/O TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, 20 COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, B4 6AT | 05887351 | 0000-00-00 | 0 | 0 | |
TULIP UK HOLDINGS (NO.2) LIMITED | C/O TENEO FINANCIAL ADVISORY LIMITED, THE COLMORE BUILDING, BIRMINGHAM, B4 6AT | 05934891 | 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 |