GLOBALTEC INNOVATION LTD

UNIT 28 MORSES LANE, BRIGHTLINGSEA, COLCHESTER, CO7 0SF

Previous name: TECHNEVATE LTD (changed on 23-Jun-2017)

Company Number: 09837293
Incorporation date: 22-Oct-2015
Status: Active
Entity type: Private Limited Company

SIC codes:
32300 Manufacture of sports goods





SUMMARY

This company is 8.4 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -106.8 thousand but has improved from GBP -150 thousand in the previous year. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP 43.2 thousand in the last reported period. Retained earnings is negative (GBP -669.1 thousand), 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, 4 (14.3%) 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-Jul-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Oct-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
31-Oct-2023 GBP 39,059 462,845 246,126 335,978 559 561,761 -669,116 -106,796
31-Oct-2022 GBP 79,387 409,564 151,301 419,563 559 561,761 -712,313 -149,993
31-Oct-2021 GBP 23,004 300,320 28,100 377,264 556 551,765 -650,816 -98,495
31-Oct-2020 GBP 34,379 154,172 53,167 142,674 556 551,765 -593,990 -41,669
31-Oct-2019 GBP 11,244 182,293 50,872 102,191 430 431,101 -402,301 29,230
31-Oct-2018 GBP 34,219 170,814 63,645 86,000 397 308,884 -288,112 21,169
31-Oct-2017 GBP 1,834 1,874 117,686 325 95,706 -209,338 -113,307
31-Oct-2016 GBP 13,202 15,683 108,005 10,000 188 40,313 -151,730 -111,229

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Oct-2022 GBP 0.54% 9,999 1,853,148 1,863,147 2,205,366
31-Oct-2020 GBP 22.66% 120,790 412,220 533,010 572,236
31-Oct-2019 GBP 7.67% 122,250 1,470,705 1,592,955 1,603,194
31-Oct-2018 GBP 18.14% 213,250 962,587 1,175,837 1,094,185
31-Oct-2017 GBP 42.15% 55,530 76,202 131,732 101,449
* 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)
Active Kevin Morris SINCLAIR 06 Jul 2018 Director British 3 - 255 (17.9%)
Resigned Phil Stanley TWEEDIE 29 Sep 2017 01 Oct 2020 Consultant British 5 - 31 (12.5%)
Active David Henry BAYLISS 29 Sep 2017 Director Consultant British 1 - 21 (33.3%)
Active Daniel John JUDGE 22 Oct 2015 Project Manager British 1 - 00 (0.0%)
Number of active directors: 3
Average tenure of active directors: 6.9 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 17.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
AXA INSURANCE UK PLC (00078950) - Active
AXA GENERAL INSURANCE LIMITED (00141885) - Active
AXA INSURANCE PLC (00932111) - Active
ASHBROOKE UNDERWRITING SERVICES LIMITED (01674675) - Active
JENSTEN TECHNOLOGIES LIMITED (01905639) - Active
COVERSURE INSURANCE SERVICES LIMITED (02381990) - Active
AUTOMOBILE ASSOCIATION INSURANCE SERVICES LIMITED (02414212) - Active
ASHBROOKE UNDERWRITING LIMITED (03237594) - Active
DRAKEFIELD INSURANCE SERVICES LIMITED (03588184) - Active
DRAKEFIELD SERVICES LIMITED (04039729) - Dissolved
DRAKEFIELD GROUP LIMITED (05112710) - Active
DIRECT CHOICE INSURANCE SERVICES LIMITED (05522196) - Liquidation
JENSTEN UNDERWRITING (COMMERCIAL) LIMITED (05579631) - Active
IPRISM UNDERWRITING AGENCY LIMITED (05604278) - Active
JENSTEN UNDERWRITING (BESPOKE) LIMITED (05909640) - Active
DRAKEFIELD HOLDINGS LIMITED (06090338) - Active
BRITISH GAS INSURANCE LIMITED (06608316) - Active
DOTCOVER INSURANCE SERVICES LTD (06897661) - Dissolved
PROVIDIA AGENCIES LIMITED (07099752) - Active
COVERSURE GROUP (HOLDINGS) LTD (07623929) - Dissolved
TERRAFEND LTD (07962674) - Active
JENSTEN GROUP LIMITED (08304780) - Active
COVERSURE BROKERS LIMITED (09144426) - Dissolved
COVERSURE BRANCHES LIMITED (09148867) - Active
HOME-START BERKSHIRE EAST (09563378) - Active
GLOBALTEC INNOVATION LTD (09837293) - Active
KELIKA DIGITAL LTD (10665243) - Active
KELIKA TELEVISION LTD (10665974) - Active
VICTOR S (LOUGHTON) LIMITED (11456541) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

GLOBALTEC INNOVATION 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: 32300 Manufacture of sports goods)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
HOPE TECHNOLOGY (IPCO) LIMITED HOPE MILL, CALF HALL ROAD, BARNOLDSWICK, LANCASHIRE, BB18 5PX 02658410 2018-04-30 17,479,179 0
HULL CARTRIDGE COMPANY LIMITED BONTOFT AVENUE, NATIONAL AVENUE, KINGSTON UPON HULL, HU5 4HZ 01870205 2018-03-31 14,570,111 0
NODOR INTERNATIONAL LIMITED SOUTH ROAD, BRIDGEND INDUSTRIAL ESTATE, BRIDGEND, MID GLAMORGAN, CF31 3PT 02886136 2017-12-31 12,221,938 0
WATTBIKE LIMITED UNIT 13 NOTTINGHAM SOUTH & WILFORD INDUSTRIAL ESTATE, RUDDINGTON LANE, WEST BRIDGFORD, NOTTINGHAM, NOTTINGHAMSHIRE, ENGLAND, NG11 7EP 05554245 2017-09-30 11,475,546 0
PLAYDALE PLAYGROUNDS LIMITED HAVERTHWAITE, ULVERSTON, CUMBRIA, LA12 8AE 00525615 2017-12-31 5,304,231 0
ROCK TECHNOLOGIES LIMITED 203/206 WATERSIDE MILLS, CHEW VALLEY ROAD, GREENFIELD, OLDHAM, LANCASHIRE, OL3 7NH 06060290 2018-03-31 500,996 0
ATOP PRO GOLF INC LTD ANDREWS AND BENNETT HIGH STREET, BURWASH, ETCHINGHAM, EAST SUSSEX, TN19 7EJ 07172230 2018-03-31 82,464 0
CARBON 6IX LTD 2 GURNARD HEIGHTS, COWES, ENGLAND, PO31 8EF 08434039 2018-03-31 39,719 0
TLC BIKES LTD 10 COOMBES CLOSE, BILLERICAY, ESSEX, UNITED KINGDOM, CM12 0LL 10808481 2018-06-30 37,345 0
REFINED ROADWEAR LIMITED WINTERPICK, WARREN ROAD, CROWBOROUGH, ENGLAND, TN6 1QS 10279690 2018-07-31 8,720 0
ONBONE SPORTS LIMITED 10 WITNEY WAY, BOLDON BUSINESS PARK, BOLDON COLLIERY, ENGLAND, NE35 9PE 10421175 2018-12-31 6,169 0
ABELFITNESS LIMITED 22 SEDGE PLACE, PORTLETHEN, ABERDEEN, ABERDEENSHIRE, SCOTLAND, AB12 4SX SC549645 2017-11-30 4,540 0
BIGCHESS LIMITED 4 BETTYS LANE BETTYS LANE, NORTON CANES, CANNOCK, UNITED KINGDOM, WS11 9NP 09575134 2018-05-31 2,378 0
GLOBAL ANGLING PRODUCTS LTD 12 MOUNT TEMPLE, ROMSEY, HAMPSHIRE, SO51 5UW 08199640 2018-09-30 2,026 0
COASTLINE TECHNOLOGY LIMITED 17 OLD LANE, LOW MILL VILLAGE, ADDINGHAM, WEST YORKSHIRE, LS29 0SA 02780126 2018-12-31 1,061 0
CORBIE PRODUCTS LTD 36 RIVERHOLME DRIVE, EPSOM, UNITED KINGDOM, KT19 9TQ 10577653 2018-01-31 676 0 72190-Other research and experimental development on natural sciences and engineering
GRAFTON INDUSTRIES LTD 9 WILD CHERRY CLOSE, WOODFORD HALSE, DAVENTRY, ENGLAND, NN11 3DL 08121302 2018-06-30 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low 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
GLOBALTEC INNOVATION LTD 0.7% 3.6% 7.7% Medium
Other companies Active in the same sector 0.5% 4.8% 12.7% 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 0.6% 4.4% 12.0% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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