IPRO SPORT DISTRIBUTION LTD

SUITE E2, 2ND FLOOR THE OCTAGON, MIDDLEBOROUGH, COLCHESTER, ESSEX, CO1 1TG

Previous name: IPROSPORT DISTRIBUTION LTD (changed on 01-May-2015)

Company Number: 09501344
Incorporation date: 20-Mar-2015
Status: Voluntary Arrangement
Entity type: Private Limited Company

SIC codes:
46341 Wholesale of fruit and vegetable juices, mineral water and soft drinks





SUMMARY

This company is 9 years old and is currently voluntary arrangement. It is controlled by Mr Thomas Edward Garrad. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -2.7 million which has worsened since the previous year's figure of GBP -2.2 million. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -574.7 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 -2.7 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 3 active officers (directors or partners) who are or were officers of 28 other companies, 6 (21.4%) 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-Mar-2024
Accounts Filed: TOTAL EXEMPTION FULL (30-Jun-2022)


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
30-Jun-2022 GBP 12,496 2,117,702 4,776,770 10,000 2 -2,748,889 -2,748,887
30-Jun-2021 GBP 49,406 2,079,327 4,249,200 14,500 2 -2,174,147 -2,174,145
30-Jun-2020 GBP 27,949 1,476,746 3,311,703 2 -1,829,675 -1,829,673
30-Jun-2019 GBP 5,401 1,230,010 2,567,599 246,378 2 -1,583,038 -1,583,036
30-Jun-2018 GBP 10,222 231,639 1,289,438 85,133 2 -1,141,693 -1,141,691
31-Mar-2017 GBP 36 84,781 439,930 57,227 2 -412,378 -412,376
31-Mar-2016 GBP 2,142 85,126 87,615 2 -2,491 -2,489

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)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Jaswinder Singh GANDHUM 25 Jun 2019 Director British 8 - 115 (26.3%)
Active Sophie Louise CHRISTY 29 Mar 2017 Commercial Director British 5 - 31 (12.5%)
Resigned Derek David LLAMBIAS 02 Mar 2017 17 Feb 2019 Ceo British 0 - 41 (25.0%)
Resigned David James ADAMS 07 Feb 2017 29 Mar 2017 Sales Director British 0 - 83 (37.5%)
Active Thomas Edward GARRAD 23 Nov 2015 Company Director British 8 - 116 (31.6%)
Resigned Dean Anthony COOK 20 Mar 2015 23 Nov 2015 Director English 2 - 1413 (81.3%)
Resigned Lisa MARRAFFA 20 Mar 2015 03 Nov 2016 Director English 0 - 11 (100.0%)
Number of active directors: 3
Average tenure of active directors: 6.7 years
Average tenure of resigned directors: 1.1 years
Average active director Dissolution Rate: 23.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
DUFLON EUROPE LIMITED (02596931) - Active
BERTARRAD LIMITED (03617915) - Active
E-CAREERS LIMITED (04561709) - Active
MILTECH LIMITED (06518062) - Active
E-CAREERS EDUCATION LIMITED (07609544) - Active
S&T FUTURE LIMITED (07951783) - Dissolved
VIZUAL HYPNOSIS LTD. (08123243) - Active
HEALTHY HYDRATION LIMITED (08503607) - Active - Proposal to Strike off
FORUM FOR SUSTAINABLE NEW VENTURE (08968575) - Active
SPORTS DRINKS LIMITED (09120434) - Liquidation
IPRO SPORT DISTRIBUTION LTD (09501344) - Voluntary Arrangement
SIMETRAL LIMITED (09612772) - Active
E-CAREERS LOGIC LIMITED (09697529) - Active
MH DRINKS LIMITED (09931610) - Active - Proposal to Strike off
IPRO SPORT HOLDINGS LIMITED (09933310) - Active
QUENCH FACTORY LIMITED (10187092) - Active
IPRO SPORT INTERNATIONAL LIMITED (10232496) - Active
IPRO SPORT SPONSORSHIP LIMITED (10254326) - Active
IPRO SPORT CORPORATION LIMITED (10326801) - Active
IPRO SPORT MEDICAL LIMITED (10384351) - Active
IPRO SPORT PROTEIN LIMITED (10418716) - Active
COURSE LIBRARY LIMITED (10456765) - Active
CLICKTIME AGENCY LIMITED (11375187) - Dissolved
PAN MARKETING LIMITED (11486539) - Active
FLYHAWK LTD (12921270) - Active
TASTY TREATS MAYFAIR LTD (13813969) - Active - Proposal to Strike off
INDUL LTD (14527798) - Active
PAN COFFEE LIMITED (14585145) - Active
PAN T & W LTD (14873742) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

IPRO SPORT DISTRIBUTION LTD

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: 46341 Wholesale of fruit and vegetable juices, mineral water and soft drinks)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
RED BULL COMPANY LIMITED SEVEN DIALS WAREHOUSE SEVEN DIALS WAREHOUSE, 42-56 EARLHAM STREET, LONDON, ENGLAND, WC2H 9LA 02790349 2017-12-31 271,789,000 18,493,000
BURLINGTOWN UK LIMITED 3RD FLOOR, 25 PARK LANE, LONDON, W1K 1RA 06424232 2017-12-31 137,695,000 105,602,000 64209-Activities of other holding companies not elsewhere classified
MM GLOBAL CITRUS LIMITED THE FRESH PRODUCE CENTRE, TRANSFESA ROAD, PADDOCK WOOD, KENT, UNITED KINGDOM 06005257 2017-04-28 71,977,000 400,000
MANCHESTER DRINKS COMPANY LTD SUITE 30, IMPERIAL HOUSE, 79-81 HORNBY STREET, BURY, LANCASHIRE, UNITED KINGDOM, BL9 5BN 05475848 2017-06-30 13,087,953 0 46342-Wholesale of wine, beer, spirits and other alcoholic beverages
TFC WHOLESALE LTD UNIT G200 QUEENSWAY NORTH, TEAM VALLEY TRADING ESTATE, GATESHEAD, ENGLAND, NE11 0NY 05647505 2017-12-31 1,204,975 0 46342-Wholesale of wine, beer, spirits and other alcoholic beverages
BRISTOL SPIRITS LIMITED THE OLD DAIRY WESTON ROAD, FAILAND, BRISTOL, ENGLAND, BS8 3US 02798803 2017-08-31 604,353 0
ORBIT FOOD LTD UNIT 1, POOL STREET, WOLVERHAMPTON, ENGLAND, WV2 4HN 10432503 2018-09-30 341,518 0 46390-Non-specialised wholesale of food, beverages and tobacco
BRIGHTON BREW CO LTD 14 HOVE PARK ROAD, HOVE, EAST SUSSEX, UNITED KINGDOM, BN3 6LA 09812905 2017-10-31 105,229 0 46342-Wholesale of wine, beer, spirits and other alcoholic beverages
MELESS GROUP LIMITED 8 EASTMEAD AVENUE, GREENFORD, ENGLAND, UB6 9RA 04515834 2017-07-31 52,584 0 46342-Wholesale of wine, beer, spirits and other alcoholic beverages
46720-Wholesale of metals and metal ores
47990-Other retail sale not in stores, stalls or markets
ORGANIC VILLAGE LIMITED 89A, TEIGNMOUTH ROAD, LONDON, GREATER LONDON, NW2 4EA 06145016 2018-03-31 43,101 0 46360-Wholesale of sugar and chocolate and sugar confectionery
DEBBIE AND VENKY LTD 3 CLANFIELD HOUSE, PERCY CHANDLER STREET, PORTSMOUTH, HAMPSHIRE, PO1 4DP 08376696 2019-01-31 12,475 0 56290-Other food services
COORAY KING HOLDINGS LIMITED LEVEL 3, 207 REGENT STREET, LONDON, UNITED KINGDOM, W1B 3HH 10386853 2018-09-30 7,500 0 46410-Wholesale of textiles
46420-Wholesale of clothing and footwear
70229-Management consultancy activities other than financial management
QUICKLEMON UK LTD 20-22 WENLOCK ROAD, LONDON, ENGLAND, N1 7GU 10404110 2017-12-31 0 0 82990-Other business support service activities not elsewhere classified
RSA NETWORKS LIMITED C/O PURNELLS, 5A KERNICK INDUSTRIAL ESTATE, PENRYN, CORNWALL, TR10 9EP 07599891 2018-06-30 0 0
WASCO (UK) LIMITED BANK HOUSE, 81 ST JUDES ROAD, ENGLEFIELD GREEN, TW20 0DF 08675685 2017-09-30 0 0

LIQUIDATION RISK (BETA)



This company is Voluntary Arrangement. 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 95.7% 93.5% 88.2% High
Other companies Active in the same sector 2.8% 7.9% 14.9% Medium
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.7% 5.7% 7.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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