WALLACE, MCDOWALL LIMITED

BLD 11C SPIRIT AEROSYSTEMS, TARBOLTON ROAD, MONKTON, AYRSHIRE, KA9 2RR

Company Number: SC046491
Incorporation date: 10-Apr-1969
Status: Active
Entity type: Private Limited Company

SIC codes:
24330 Cold forming or folding
25990 Manufacture of other fabricated metal products not elsewhere classified

SUMMARY

This company is 56.3 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 3.4 million which has increased from GBP 1.6 million in the previous year. The latest reported revenue figure is GBP 12.2 million which is up 10% on previous year's figure of GBP 11.3 million. The company has 3 active officers (directors or partners) who are or were officers of 20 other companies, 6 (30.0%) 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: 30-Sep-2025
Accounts Filed: FULL (31-Dec-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	GBP	12,248,037	243,703		178,157	190,044	255,590
31-Dec-2018	GBP	11,280,487	-200,392	279	89,030	-238,730	-50,413
31-Dec-2017	GBP	11,317,351	-146,396	83	78,860	-17,942	-207,231
31-Dec-2016	GBP	10,177,152	-65,248	2,401	89,207	-37,217	-114,837
31-Dec-2015	GBP	11,680,252	650,843		100,703	110,641	439,499

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-Dec-2019	GBP	46,952	6,609,987	5,406,626	1,191,635	487,176	60,000	1,348,703	3,372,694
31-Dec-2018	GBP	187,791	4,154,947	4,060,244	650,680	487,176	60,000	1,093,113	1,640,289
31-Dec-2017	GBP	413,138	4,364,678	4,227,304	1,030,629	487,176	60,000	1,143,526	1,690,702
31-Dec-2016	GBP	410,372	3,733,210	3,274,555	557,673	487,176		1,350,757	1,897,933
31-Dec-2015	GBP	1,035,274	4,979,039	4,512,136	999,419	487,176		1,465,594	2,012,770
31-Dec-2014	GBP					487,176		1,026,095	1,573,271

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)
Resigned	Yvonne WARD	18 Jun 2014	21 Jun 2019		British	0 - 1
Resigned	James WILSON	27 Feb 2002	18 Jun 2014	Managing Director	British	0 - 12
Resigned	David Mclachlan Lindsay CORSON	20 Aug 1996	27 Feb 2002	Director	British	3 - 28
Resigned	Stewart Robert WATSON	09 Nov 1994	20 Aug 1996	Accountant	British	0 - 6
Resigned	David Mclachlan Lindsay CORSON	20 Jul 1994	09 Nov 1994	General Manager	British	3 - 28
Resigned	John Gordon HASTIE	16 Apr 1993	02 Apr 1993	Chartered Accountant	British	0 - 9
Resigned	Margaret Limond BAKER		16 Apr 1993		British	0 - 5

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	John Hume GEMMELL	18 Apr 2022		Director	British	2 - 0	0 (0.0%)
Active	HLD GOC HOLDINGS LIMITED	31 Jul 2020				17 - 8	9 (36.0%)
Resigned	Logan COLLINS	19 Jul 2019	22 Apr 2022	Managing Director	British	0 - 3	0 (0.0%)
Resigned	Derek Scovell JOHNSTONE	19 Jul 2019	26 Mar 2024	Managing Director	British	0 - 3	0 (0.0%)
Active	Yvonne WARD	19 Jul 2019		Director	British	2 - 1	0 (0.0%)
Resigned	William WILSON	19 Jul 2019	31 Mar 2022	Director	British	3 - 5	0 (0.0%)
Resigned	James WILSON	19 Jul 2019	31 Jul 2020	Director	British	0 - 12	3 (25.0%)
Resigned	Demis Armen OHANDJANIAN	21 Jun 2019	26 Jul 2019	Company Director	British	6 - 11	3 (17.6%)
Resigned	Derek Scovell JOHNSTONE	31 Jul 2015	21 Jun 2019	Engineering Director	British	0 - 2	0 (0.0%)
Resigned	William WILSON	31 Jul 2015	21 Jun 2019	Facilities Director	British	3 - 5	0 (0.0%)
Resigned	Logan COLLINS	01 Dec 2013	21 Jun 2019	Operational Director	British	0 - 2	0 (0.0%)
Resigned	Alistair SIMMONDS	20 Apr 2007	08 Jan 2010	Director	British	0 - 1	0 (0.0%)
Resigned	James GILLIES	20 Apr 2007	06 Jan 2011	Director	British	0 - 2	0 (0.0%)
Resigned	Joseph Skimming BROWN	09 Jan 2001	09 Nov 2001	Sales Dir	British	0 - 3	1 (33.3%)
Resigned	Thomas PROSSER	22 Mar 1999	07 Jan 2000	Company Director	British	0 - 1	0 (0.0%)
Resigned	James WILSON	12 Mar 1999	21 Jun 2019	Managing Director	British	0 - 12	3 (25.0%)
Resigned	James Bernard TAYLOR	12 Mar 1999	19 Jan 2000	Company Director	British	0 - 4	2 (50.0%)
Resigned	Joseph Skimming BROWN	01 Jul 1998	19 Jan 2000	Sales Director	British	0 - 3	1 (33.3%)
Resigned	Martin Mark DOOLAN	01 Jul 1998	01 Dec 2013	Operations Director	British	0 - 3	0 (0.0%)
Resigned	Stephen Patrick WATSON	20 Aug 1996	09 Nov 2001	Director	British	0 - 5	4 (80.0%)
Resigned	David Mclachlan Lindsay CORSON	20 Aug 1996	27 Feb 2002	Chairman	British	3 - 28	17 (54.8%)
Resigned	Robert Walter, Mr. MCKAY	20 Aug 1996	19 Feb 2007	Director	British	0 - 10	5 (50.0%)
Resigned	Archibald Arbuckle EASTON	27 Feb 1995	20 Aug 1996	General Manager	British	0 - 5	0 (0.0%)
Resigned	Ian MAGUIRE	01 Jul 1994	10 Feb 1995	Sales & Marketting	British	0 - 1	0 (0.0%)
Resigned	Robert Stuart CARDOW	01 Jul 1994	28 Apr 1995	Mechanical Engineer	British	0 - 4	1 (25.0%)
Resigned	John LUMSDEN	20 Jun 1994	20 Aug 1996	Chartered Accountant	British	0 - 19	4 (21.1%)
Resigned	Malcolm PHILLIPS	16 Apr 1993	20 Aug 1996	Chartered Engineer	British	0 - 13	8 (61.5%)
Resigned	James MCCARTNEY	16 Apr 1993	20 Aug 1996	Chartered Accountant	British	0 - 12	9 (75.0%)
Resigned	John Gordon HASTIE	16 Apr 1993	02 Apr 1993	Chartered Accountant	British	0 - 9	4 (44.4%)
Resigned	Robald MCLECHAN	02 Apr 1993	16 Apr 1993	Accountant	British	0 - 2	1 (50.0%)
Resigned	Margaret Limond BAKER	26 Mar 1991	31 May 1994	Secretary	British	0 - 5	2 (40.0%)
Resigned	David Mclachlan Lindsay CORSON	01 Feb 1991	02 Nov 1994	Director	British	3 - 28	17 (54.8%)
Resigned	Catherine CORSON		16 Apr 1993	Sales Director	British	0 - 2	1 (50.0%)
Resigned	Margaret Limond BAKER		31 May 1994	Secretary	British	0 - 5	2 (40.0%)
Resigned	Thomas BRECHANY		04 Jan 1991	Manager/Technical Director	British	0 - 1	0 (0.0%)
Resigned	Donald CAMPBELL		24 Feb 1990	Management Consultant	British	0 - 1	0 (0.0%)
Resigned	William SLATTERY		20 Dec 1996	Company Director	British	0 - 4	3 (75.0%)

Number of active directors: 3
Average tenure of active directors: 4.7 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 12.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	John Hume GEMMELL	HLD GOC HOLDINGS LIMITED	Yvonne WARD
AQUADART BRANDS LIMITED (01182256) - In Administration		✔
CM REALISATIONS 2023 LIMITED (02295824) - In Administration/Administrative Receive		✔
CAVALIER MARKETING HOLDINGS LIMITED (09064396) - Liquidation		✔
HLD GOC LIMITED (09066955) - Active		✔
EUROSIGNS HOLDINGS LIMITED (09917441) - Active		✔
AJWG LIMITED (11961465) - Active - Proposal to Strike off		✔
HLD NUMBER 10 LIMITED (13869800) - Active		✔
AQUADART BATHROOMS LIMITED (13908044) - In Administration		✔
AQUA BRANDS DISTRIBUTION HOLDINGS LIMITED (14276864) - Active		✔
RLD STOCK LIMITED (14713751) - In Administration		✔
HLD NUMBER 40 LIMITED (14714390) - Active		✔
YORKSHIRE SHOWER TRAYS LIMITED (14714391) - In Administration		✔
HTBT INVESTMENTS LIMITED (15358627) - Active		✔
HLD NUMBER 70 LIMITED (15358629) - Active		✔
MBP GROUP HOLDINGS LIMITED (15360571) - Active		✔
CHARLIE BROWN STEEL HOLDINGS LTD (15360578) - Active		✔
HLD NUMBER 110 LIMITED (15360593) - Active		✔
WALLACE, MCDOWALL LIMITED (SC046491) - Active	✔	✔	✔
SPS (AYR) LIMITED (SC265805) - Active	✔	✔	✔
TARBOLTON ESTATES LIMITED (SC315711) - Active		✔	✔
HEARTBEAT GROUP LIMITED (SC628805) - Active		✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2016-05-31	2015-05-31	2014-05-31	2013-05-31	2012-05-31
WMD HOLDINGS LIMITED	ORDINARY	320,000 65.7%	320,000 65.7%	320,000 65.7%	320,000 65.7%	320,000 65.7%
WMD HOLDINGS LIMITED	DEFERRED ORDINARY	167,176 34.3%	167,176 34.3%	167,176 34.3%	167,176 34.3%	167,176 34.3%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

Significant influence or control:Mr James Wilson - ceased
- 25-50%:Mr James Wilson - ceased
- - >75%:Inhoco Formations Limited (2598228 - United Kingdom) ceased
  - 25-50%:Mr Lindsay Kamal Khan - active
  - 25-50%:Demis Ohandjanian - active
  >75%:The Wallace Steel Group Limited (11830391 - United Kingdom) ceased
- - 25-50%:Mr Demis Armen Ohandjanian - active
  - 25-50%:Mr Lindsay Kamal Khan - active
  >75%:Demlin Llp (Oc433658 - England & Wales) active
>75%:Wmd Holdings Limited (Sc315711 - United Kingdom) ceased
- >75%:Inhoco Formations Limited (2598228 - United Kingdom) ceased
- 25-50%:Mr Lindsay Kamal Khan - active
- 25-50%:Demis Ohandjanian - active
>75%:The Wallace Steel Group Limited (11830391 - England & Wales) active

Controlling entities above

WALLACE, MCDOWALL LIMITED

Controlled companies below

>75%:SPS (AYR) LIMITED (SC265805 - UK) active

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

Title	Date filed	Status	Publication number
Golf training device	1995-03-08	Terminated	GB2287412
Re-usable coffin	1995-02-20	Ceased	GB2286583
Tensioning devices for elongate, flexible connectors	1992-02-18	Terminated	GB2264991
Security door arrangement	1991-01-30	Ceased	GB2241526
Telescopic clamping bar for a security door	1991-01-30	Ceased	GB2272472
Posture support chair	1986-04-07	Terminated	GB2176396
Combined trailed slurry and dung spreader	1984-10-13	Terminated	GB2165432

COMPETITORS

(Based on Sic code: 24330 Cold forming or folding)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
HIGH FIRE LIMITED	161 SCUDAMORE ROAD, LEICESTER, LE3 1UQ	02906447	2019-04-30	0	0	28120-Manufacture of fluid power equipment 28940-Manufacture of machinery for textile, apparel and leather production
UNISTRUT LIMITED	DELTA POINT, GREETS GREEN ROAD, WEST BROMWICH, B70 9PL	01050870	0000-00-00	0	0	25500-Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620-Machining

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
WALLACE, MCDOWALL LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	Too few competitors


Age	0.4%	1.4%	2.7%	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	0.8%	3.8%	7.5%	Medium