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BUTE FABRICS LIMITED
4 BARONE ROAD, ROTHESAY, ISLE OF BUTE, PA20 0DPCompany Number: SC062040
Incorporation date: 25-Mar-1977
Status: Active
Entity type: Private Limited Company
SIC codes:
13200 Weaving of textiles
SUMMARY
This company is 47 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 positive equity (net assets) of GBP 2.6 million which has decreased from the previous year's figure of GBP 2.9 million. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -298.2 thousand in the last reported period. Retained earnings is negative (GBP -5.4 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 4 active officers (directors or partners) who are or were officers of 32 other companies, 3 (9.4%) 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: 30-Sep-2024Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)
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-2022 | GBP | 41,059 | 2,019,442 | 440,325 | 761,712 | 7,656,000 | 353,686 | -5,413,361 | 2,596,325 |
31-Dec-2021 | GBP | 124,201 | 2,130,463 | 539,160 | 627,009 | 7,656,000 | 353,686 | -5,115,158 | 2,894,528 |
31-Dec-2020 | GBP | 436,017 | 2,105,425 | 578,391 | 4,539,220 | 3,310,000 | 353,686 | -4,717,493 | -1,053,807 |
31-Dec-2019 | GBP | 330,426 | 2,203,457 | 536,302 | 3,415,656 | 3,310,000 | 353,686 | -3,938,290 | -274,604 |
31-Dec-2018 | GBP | 141,525 | 1,867,957 | 354,632 | 1,436,014 | 3,310,000 | 353,686 | -3,066,127 | 597,559 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2021 | GBP | 56.77% | 4,346,000 | 3,310,000 | 7,656,000 | 7,786,006 |
** 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) |
---|---|---|---|---|---|---|
Active | John Allan BLACK | 07 Oct 2010 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Donald John MORRISON | 18 Aug 2008 | 07 Oct 2010 | 0 - 1 | ||
Resigned | Iain Evan Colin CAMERON | 22 May 2006 | 11 Jul 2008 | 0 - 1 | ||
Resigned | Graham Hood BOLTON | 11 Jun 2003 | 22 May 2006 | 0 - 1 | ||
Resigned | Douglas GRAHAM | 15 Nov 2000 | 11 Jun 2003 | 0 - 3 | ||
Resigned | William Mcmillan HASSALL | 23 Nov 1998 | 14 Nov 2000 | 1 - 8 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | David Antony WOODHOUSE | 01 Jul 2020 | Senior Operations Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Anthony, Lord CRICHTON-STUART | 01 Dec 2015 | 27 Oct 2021 | Director | British | 5 - 3 | 1 (12.5%) |
Active | John Douglas GLEN | 07 Nov 2015 | Managing Director | Scottish | 1 - 0 | 0 (0.0%) | |
Resigned | Edward PLANCK | 04 Nov 2011 | 30 Apr 2022 | Operations Director | British | 0 - 1 | 0 (0.0%) |
Active | John Allan BLACK | 04 Nov 2011 | Financial Director | British | 1 - 2 | 1 (33.3%) | |
Resigned | James Macadam SPRINT | 12 Apr 2010 | 30 Nov 2015 | Managing Director | British | 0 - 5 | 1 (20.0%) |
Active | Stephen JENKINS | 18 Mar 2010 | Director | British | 31 - 17 | 7 (14.6%) | |
Resigned | Claudia Virginia OLMOS | 23 Oct 2006 | 30 Apr 2009 | International Sales Director | Italian | 1 - 1 | 0 (0.0%) |
Resigned | Douglas GRAHAM | 15 Nov 2000 | 02 Feb 2010 | Managing Director | British | 0 - 3 | 0 (0.0%) |
Resigned | John Colum, Marquess BUTE | 30 Jul 1993 | 19 Mar 2010 | Peer Of The Realm | British | 0 - 20 | 4 (20.0%) |
Resigned | William Mcmillan HASSALL | 22 Sep 1989 | 14 Nov 2000 | Financial Director | British | 1 - 8 | 5 (55.6%) |
Resigned | John Donald Morrison HARDIE | 28 Feb 1997 | British | 0 - 4 | 2 (50.0%) | ||
Resigned | Norman Houston LAMOND | 28 Feb 1995 | Managing Director | British | 0 - 8 | 3 (37.5%) | |
Resigned | THE MARQUESS OF BUTE | 21 Jul 1993 | 0 - 5 | 2 (40.0%) | |||
Resigned | Donald Patrick James GRANT | 31 Mar 1994 | Director | British | 0 - 3 | 1 (33.3%) | |
Resigned | Ian Gordon ROSS | 29 Oct 1995 | Designer/Marketing Executive | British | 0 - 2 | 1 (50.0%) |
Average tenure of active directors: 9.6 years
Average tenure of resigned directors: 5.1 years
Average active director Dissolution Rate: 12.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
BUTE FABRICS 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:
13200 Weaving of textiles)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
JAMES JOHNSTON & CO. OF ELGIN LIMITED | NEWMILL, ELGIN, IV30 4AF | SC022553 | 2017-12-31 | 73,891,000 | 7,848,000 |
14190-Manufacture of other wearing apparel and accessories not elsewhere classified 46410-Wholesale of textiles 47190-Other retail sale in non-specialised stores |
CAMIRA FABRICS LIMITED | THE WATERMILL WHEATLEY PARK, HOPTON, MIRFIELD, WEST YORKSHIRE, WF14 8HE | 02215654 | 2017-12-31 | 64,973,281 | 8,473,627 |
13300-Finishing of textiles |
HEATHCOAT FABRICS LIMITED | WESTEXE, TIVERTON, DEVON, EX16 5LL | 00450787 | 2018-05-31 | 56,965,000 | 3,624,000 |
13300-Finishing of textiles 13960-Manufacture of other technical and industrial textiles 14310-Manufacture of knitted and crocheted hosiery |
BOWMER-BOND NARROW FABRICS LIMITED | HANGING BRIDGE MILLS, ASHBOURNE, DERBYSHIRE., DE6 2EA | 00577024 | 2018-06-30 | 9,816,241 | 0 | |
PAPILIONACEOUS LIMITED | 3 ADMIRAL COURT, NELSON ROAD, DARTMOUTH, TQ6 9HU | 03166706 | 2018-03-31 | 32,043 | 0 | |
WORK THREADS LTD | UNIT 1, HAWKSHAW FARM BUSINESS PARK LONGSIGHT ROAD, CLAYTON LE DALE, BLACKBURN, ENGLAND, BB2 7JA | 09485296 | 2018-03-31 | 14,505 | 0 | |
MADELEINE JUDE LIMITED | 130 PHYLLIS AVENUE, NEW MALDEN, SURREY, KT3 6JZ | 08628291 | 2018-09-30 | 5,762 | 0 |
13910-Manufacture of knitted and crocheted fabrics |
SILK INDUSTRIES LIMITED | C/O INTERPATH ADVISORY, 60 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AH | 04667190 | 2018-04-30 | 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 |
---|---|---|---|---|
BUTE FABRICS 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 | 0.5% | 2.1% | 4.2% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |