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HALO SEALING SYSTEMS LIMITED
5 FLEET PLACE, LONDON, EC4M 7RDCompany Number: 10029965
Incorporation date: 26-Feb-2016
Status: Active
Entity type: Private Limited Company
SIC codes:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
SUMMARY
This company is 8.1 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 -5.4 thousand which has worsened since the previous year's figure of GBP -3.4 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -108.7 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 -112.3 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 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-2018Accounts Filed: (31-Dec-2016)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 183 | 5,590 | 289 | 106,623 | -112,319 | -5,407 | ||
31-Dec-2018 | GBP | 183 | 3,590 | 183 | -3,590 | -3,407 | |||
31-Dec-2017 | GBP | 183 | 2,450 | 183 | -2,450 | -2,267 | |||
31-Dec-2016 | GBP | 183,124 | 600 | 182,524 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 36.68% | 106,729 | 184,259 | 290,988 | 237,623 |
31-Dec-2017 | GBP | 100.00% | 183 | 0 | 183 | 92 |
** 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? | Tony Youssef, Dr RIZK | 12 Nov 2018 | Chief Executive Officer | British | 0 - 1 | 0 (0.0%) | |
Resigned | Kenneth Adrian Raymond WILSON | 22 Mar 2016 | 26 Feb 2020 | Company Director | British | 3 - 36 | 14 (35.9%) |
Resigned | Lawrence BARRETT | 26 Feb 2016 | 27 Apr 2020 | Chief Executive Officer | British | 0 - 1 | 0 (0.0%) |
Resigned | Vincent DE VILLERS | 26 Feb 2016 | 26 Feb 2020 | Director | Australian | 0 - 1 | 0 (0.0%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
HALO SEALING SYSTEMS LIMITED
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:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
HOWCO GROUP PLC | FOUNTAIN HOUSE 2ND FLOOR, 1-3 WOODSIDE CRESCENT, GLASGOW, G3 7UL | SC079844 | 2018-03-31 | 105,646,000 | -2,056,000 | |
VALLOUREC OIL & GAS UK LTD. | CLYDESDALE WORKS, CLYDESDALE ROAD, BELLSHILL, LANARKSHIRE, ML4 2RR | SC147386 | 2017-12-31 | 79,163,000 | -4,963,000 | |
TI GROUP AUTOMOTIVE SYSTEMS (UK) LIMITED | 4650 KINGSGATE CASCADE WAY, OXFORD BUSINESS PARK SOUTH, OXFORD, OXFORDSHIRE, OX4 2SU | 00784687 | 2018-12-31 | 35,344,000 | 41,785,000 | |
FINE TUBES LIMITED | 2 NEW STAR ROAD, LEICESTER, LEICESTERSHIRE, UNITED KINGDOM, LE4 9JD | 00381159 | 2017-12-31 | 40,899,000 | 1,509,000 | |
A C STEELS LTD | INTERNATIONAL HOUSE, FRYERS ROAD, BLOXWICH, WALSALL, WS2 7LY | 06759649 | 2017-12-31 | 20,388,316 | 0 | |
GAME HOLDINGS LIMITED | CAMP ROAD, WITHAM ST. HUGHS, LINCOLN, LINCOLNSHIRE, LN6 9TW | 02102980 | 2018-03-31 | 6,136,039 | 0 | |
MR GATES FABRICATION SPECIALISTS LIMITED | BUILDING 18, GATEWAY 1000 WHITTLE WAY, ARLINGTON BUSINESS PARK, STEVENAGE, HERTFORDSHIRE, ENGLAND, SG1 2FP | 06883838 | 2018-04-30 | 2,549,602 | 0 | |
BARON SPRINGS LTD | 70 STRATHCLYDE STREET, GLASGOW, G40 4JR | SC265454 | 2018-04-30 | 86,105 | 0 | |
AMT WELDING LIMITED | 32 RIDGEWAY, PETERBOROUGH, ENGLAND, PE2 8HQ | 08995207 | 2019-03-31 | 55,293 | 0 | |
C BRADLEY FABRICATIONS LIMITED | 23 WORDSWORTH ROAD, BEDWORTH, ENGLAND, CV12 9HB | 06198879 | 2019-04-30 | 4,278 | 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 |
---|---|---|---|---|
HALO SEALING SYSTEMS LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 2.5% | 4.9% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 3.6% | 7.1% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |