SCOTTISH LEATHER GROUP OPERATIONS LIMITED

BALTIC WORKS, KILBARCHAN ROAD, BRIDGE OF WEIR, RENFREWSHIRE, PA11 3RH

Previous name: BRIDGE OF WEIR LEATHER COMPANY LIMITED (changed on 20-Nov-2020)

Company Number: SC015274
Incorporation date: 03-Oct-1928
Status: Active
Entity type: Private Limited Company

SIC codes:
15110 Tanning and dressing of leather; dressing and dyeing of fur





SUMMARY

This company is 95.9 years old and is currently active. It is controlled by Scotish Leather Group Limited. The company has positive equity (net assets) of GBP 36.2 million which has increased from GBP 35.8 million in the previous year. The latest reported revenue figure is GBP 76.6 million which is down -20% on the previous year. The company has 3 active officers (directors or partners) who are or were officers of 10 other companies. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2020 GBP 76,575,000 2,558,000 242,000 2,000 620,000 2,178,000
31-Mar-2019 GBP 92,497,000 5,473,000 124,000 4,000 990,000 4,603,000
31-Mar-2018 GBP 109,348,000 6,643,000 324,000 1,274,000 5,045,000
31-Mar-2017 GBP 108,915,000 6,640,000 279,000 1,314,000 5,047,000
31-Mar-2016 GBP 89,775,000 4,879,000 270,000 838,000 3,771,000
31-Mar-2015 GBP 65,002,000 43,000 1,202,000
31-Mar-2014 GBP 66,470,000 1,892,000 552,000 1,340,000
31-Mar-2013 GBP 58,890,000 1,550,000 1,659,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2020 GBP 22,320,000 43,544,000 18,048,000 155,000 36,334,000 36,236,000
31-Mar-2019 GBP 17,676,000 42,472,000 17,788,000 155,000 35,332,000 35,812,000
31-Mar-2018 GBP 10,358,000 41,991,000 14,712,000
31-Mar-2017 GBP 7,902,000 42,756,000 26,932,000 398,000 155,000 33,704,000 26,940,000
31-Mar-2016 GBP 11,893,000 38,319,000 14,519,000 3,788,000 155,000 29,561,000 24,487,000
31-Mar-2015 GBP 5,442,000 31,077,000 11,167,000 155,000 26,529,000 26,684,000
31-Mar-2014 GBP 3,957,000 26,774,000 7,257,000 155,000 26,120,000 26,275,000
31-Mar-2013 GBP 7,378,000 25,470,000 6,823,000 155,000 25,888,000 26,043,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2018 GBP inf% -155,000 155,000 0 -8,853,500
* 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)
Active Lesley Elizabeth CHALK 29 Oct 2020 25 Jul 2024 1 - 0
Resigned Graham Kenneth ANDREW 01 Feb 2019 29 Oct 2020 0 - 1
Resigned David Milligan ARCHIBALD 20 Aug 2014 01 Feb 2019 0 - 1
Resigned Ian Allison LUNDIE 08 Feb 2013 20 Aug 2014 0 - 1
Resigned Gordon ROSS 01 Jan 2012 07 Feb 2013 0 - 1
Resigned Christopher HARWOOD 22 Jun 2010 01 Jan 2012 0 - 1
Resigned Margaret Karen Sutherland MARSHALL 01 Feb 1995 22 Jun 2010 British 0 - 5
Resigned Gordon ROSS 01 Feb 1995 British 0 - 19

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Michelle MCDONALD 01 Apr 2024 Director British 2 - 00 (0.0%)
Active Michael Thomas CARNACHAN 01 Apr 2024 Director British 2 - 00 (0.0%)
Resigned Steven Simon HENNING 23 Mar 2023 31 Aug 2023 Director British 1 - 201 (4.8%)
Active Nicholas Ramsay MUIRHEAD 29 Oct 2020 Managing Director British 11 - 30 (0.0%)
Resigned Dugald MACTAGGART 02 Sep 2019 22 Jun 2022 Cfo British 9 - 212 (6.7%)
Resigned Graham Kenneth ANDREW 29 Oct 2018 29 Oct 2020 Director British 0 - 10 (0.0%)
Resigned David Milligan ARCHIBALD 01 Sep 2015 31 Mar 2023 Finance Director British 0 - 100 (0.0%)
Resigned Paul Wilfred MCDONALD 01 Jul 2013 31 Aug 2018 Operations Director British 0 - 51 (20.0%)
Resigned Ian Allison LUNDIE 08 Feb 2013 20 Nov 2019 Chartered Accountant British 1 - 4929 (58.0%)
Resigned Simon COOK 01 Oct 2010 29 Oct 2020 Technical Director British 0 - 10 (0.0%)
Resigned David BIRD 01 Oct 2010 16 Aug 2018 Quality Director British 0 - 20 (0.0%)
Resigned Patrick KENNEDY 01 Dec 2008 17 Apr 2013 Director British 0 - 32 (66.7%)
Resigned Jonathan Andrew Macfie MUIRHEAD 07 Mar 2008 11 Jun 2016 Leather Manufacturer British 0 - 172 (11.8%)
Resigned Jamie Wilbur DAVIDSON 01 Jul 2005 29 Oct 2020 Director British 0 - 10 (0.0%)
Resigned Iain Fleming MCFADYEN 01 Jan 2004 01 Oct 2022 Company Director British 1 - 100 (0.0%)
Resigned Margaret Karen Sutherland MARSHALL 01 Jan 2004 30 Jun 2022 Company Director British 0 - 50 (0.0%)
Resigned Gordon ROSS 01 Dec 2000 08 Feb 2013 Director British 0 - 190 (0.0%)
Resigned John F HENDERSON 15 Feb 2000 11 Dec 2008 Director British 0 - 110 (0.0%)
Resigned Thomas MCGUIRE 08 Nov 1999 31 Aug 2004 Director British 0 - 30 (0.0%)
Resigned Douglas Charles DAVIDSON 01 Nov 1999 24 Nov 2000 Director British 0 - 84 (50.0%)
Resigned Scott GRIER 17 Jun 1997 27 Jun 2003 Company Director British 1 - 155 (31.3%)
Resigned John Graham FERGUS 27 Nov 1991 16 Jun 1997 Chartered Accountant British 0 - 342 (5.9%)
Resigned John PERCIVAL 16 Mar 2000 Leather Manufacturer British 0 - 10 (0.0%)
Resigned John F HENDERSON 31 Mar 1991 Leather Manufacturer British 0 - 110 (0.0%)
Resigned John Graham FERGUS 16 Jun 1997 Chartered Accountant British 0 - 342 (5.9%)
Resigned Jonathan Andrew Macfie MUIRHEAD 11 Jun 2016 Leather Manufacturer British 0 - 172 (11.8%)
Number of active directors: 3
Average tenure of active directors: 1.5 years
Average tenure of resigned directors: 6.4 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
UK LEATHER FEDERATION (00169392) - Active
SCOTTISH LEATHER GROUP OPERATIONS LIMITED (SC015274) - Active
NCT LEATHER LIMITED (SC019503) - Active
W.J. & W. LANG LIMITED (SC025996) - Active
SCOTTISH LEATHER GROUP LIMITED (SC042020) - Active
ANDREW MUIRHEAD & SON LIMITED (SC047567) - Active
GARTNESS PROPERTIES LIMITED (SC093824) - Active
GARSTON LEATHER LIMITED (SC185499) - Active
SLG EBT TRUSTEE COMPANY LIMITED (SC332911) - Active
SLG TECHNOLOGY LIMITED (SC339162) - Active
BRIDGE OF WEIR LEATHER COMPANY LIMITED (SC679924) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-07-212015-07-212014-07-212013-07-212012-07-21
SCOTTISH LEATHER GROUP LIMITEDORDINARY155,000
100%
154,998
100.0%
154,998
100.0%
154,998
100.0%
154,998
100.0%
BAILFORD TRUSTEES LTDORDINARY0
0%
2
0.001%
2
0.001%
2
0.001%
2
0.001%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SCOTTISH LEATHER GROUP OPERATIONS 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
2023-10-01 2024-03-31 39 14% 3% 83368
2023-04-01 2023-09-30 41 16% 0% 77217
2022-10-01 2023-03-31 31 8% 2% 70636
2022-04-01 2022-09-30 30 8% 14% 63750
2021-10-01 2022-03-31 29 9% 12% 57291
2021-04-01 2021-09-30 28 6% 45% 51483
2020-10-01 2021-03-31 30 10% 42% 44817
2020-04-01 2020-09-30 37 15% 38% 37982
2019-10-01 2020-03-31 27 5% 26% 35629
2019-04-01 2019-09-30 30 6% 24% 23346
2018-10-01 2019-03-31 28 5% 27% 15451
2018-04-01 2018-09-30 30 5% 32% 8224


COURT CASES


Date Title Reference Subject
2017-03-28 Mr M Gorecki v Bridge of Weir Leather Company Ltd [2017] UKET 4100309/2017 Disability Discrimination : Race Discrimination : Unfair Dismissal

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 15110 Tanning and dressing of leather; dressing and dyeing of fur)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BRIDGE OF WEIR LEATHER COMPANY LIMITED BALTIC WORKS, KILBARCHAN ROAD, BRIDGE OF WEIR, RENFREWSHIRE, PA11 3RH SC015274 2018-03-31 109,348,000 5,045,000
HOLMES HALLS (PROCESSORS) LIMITED SCULCOATES TANNERY, SCULCOATES, HULL, EAST YORKSHIRE, HU5 1RL 04206555 2017-10-25 10,649,413 0
J. HEWIT & SONS LIMITED 12 NETTLEHILL ROAD, HOUSTOUN INDUSTRIAL ESTATE, LIVINGSTON, WEST LOTHIAN, EH54 5DL SC016424 2018-02-28 852,461 0
STAHL UK LIMITED C/O CHARNWOOD ACCOUNTANTS, THE POINT GRANITE WAY, MOUNTSORREL, LOUGHBOROUGH, ENGLAND, LE12 7TZ 03784458 2017-12-31 271,464 0
LEICESTER STRAPPINGS PRODUCTS LIMITED UNIT11, CORNWALL ROAD, WIGSTON, ENGLAND, LE18 4XH 05969282 2017-10-31 257,427 0
BRAYPOST LIMITED FIR TREES COVET LANE, KINGSTON, CANTERBURY, KENT, ENGLAND, CT4 6HU 02717399 2018-03-31 60,695 0
CELESTIAL MANAGEMENT LIMITED 88 WINDSOR ROAD, ILFORD, ENGLAND, IG1 1HQ 07927902 2018-01-31 29,198 0 15120-Manufacture of luggage, handbags and the like, saddlery and harness
77110-Renting and leasing of cars and light motor vehicles
SCOTTISH LEATHER GROUP LIMITED LOCHER HOUSE, KILBARCHAN ROAD, BRIDGE OF WEIR, RENFREWSHIRE, PA11 3RN SC042020 0000-00-00 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
SCOTTISH LEATHER GROUP OPERATIONS LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 1.7% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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