HOWCO GROUP PLC

FOUNTAIN HOUSE 2ND FLOOR, 1-3 WOODSIDE CRESCENT, GLASGOW, G3 7UL

Previous name: HOWCO WHITHAM PLC (changed on 18-Nov-2004)

Company Number: SC079844
Incorporation date: 23-Aug-1982
Status: Active
Entity type: Public Limited Company

SIC codes:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel





SUMMARY

This company is 41.6 years old and is currently active. It is controlled by Sumitomo Corporation. The latest reported revenue figure is GBP 108.4 million which is similar to the previous year's figure of GBP 105.6 million. The company has 3 active officers (directors or partners) who are or were officers of 8 other companies, 2 (25.0%) 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-2024
Accounts Filed: FULL (01-Apr-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Mar-2019 GBP 108,359,000 3,314,000 -650,000
31-Mar-2018 GBP 105,646,000 -1,548,000 437,000
01-Apr-2017 GBP 91,597,000 -2,972,000 740,000
02-Apr-2016 GBP 110,357,000 2,490,000 -1,479,000
28-Mar-2015 GBP 182,777,000 21,673,000 -3,926,000
29-Mar-2014 GBP 232,650,000 29,586,000 -7,039,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Mar-2019 GBP 36,323,000 16,000
31-Mar-2018 GBP 110,245,000 23,180,000 16,000 4,109,000 110,448,000
01-Apr-2017 GBP 115,160,000 28,317,000
02-Apr-2016 GBP 110,108,000 22,987,000 100,000 4,109,000 114,479,000
28-Mar-2015 GBP 126,034,000 45,022,000 100,000 4,109,000 113,629,000
29-Mar-2014 GBP 125,753,000 44,924,000 100,000 4,109,000 94,920,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2018 GBP 100.00% 4,125,000 0 4,125,000 2,062,500
01-Apr-2017 GBP inf% -4,209,000 4,209,000 0 2,104,500
* 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 Kenneth NESS 28 May 2010 28 Mar 2024 1 - 0
Resigned Malcolm Newall HOWAT 28 May 2003 28 May 2010 1 - 21
Resigned Scott MARTIN 01 May 1999 28 May 2003 0 - 12
Resigned William David Martin MILTON 30 Sep 1996 30 Sep 1998 2 - 19
Resigned Malcolm Newall HOWAT 30 Sep 1996 1 - 21

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active David PRESTON 01 Oct 2018 Company Director British 2 - 00 (0.0%)
Resigned Hajime ITO 06 Jun 2018 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Takushi KIKUCHI 07 Dec 2017 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Shinjiro TAKEMASU 04 May 2017 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Kentaro HORI 04 May 2017 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Masahiro YOSHIMURA 04 May 2017 06 Jun 2018 Company Director Japanese 0 - 20 (0.0%)
Resigned Yukihito HONDA 14 May 2015 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Nobuhiko TSUCHIHIRO 30 Apr 2014 04 May 2017 Company Director Japanese 0 - 10 (0.0%)
Resigned Masahiko YOKOHAMA 30 Apr 2014 04 May 2017 Company Director Japanese 0 - 10 (0.0%)
Resigned Daniel O'LEARY 30 Apr 2014 30 Mar 2019 Company Director American 0 - 20 (0.0%)
Resigned Tadayuki UENO 13 Nov 2013 04 May 2017 Company Director Japanese 0 - 20 (0.0%)
Resigned Tim OIKAWA 23 May 2013 14 May 2015 Company Director Japanese 0 - 20 (0.0%)
Resigned Hirokazu SHINTAKU 23 May 2013 30 Apr 2014 Company Director Japanese 0 - 20 (0.0%)
Resigned Koichi TABUCHI 12 Jun 2012 30 Mar 2019 Company Director Japanese 0 - 20 (0.0%)
Resigned Shigenobu YOSHIDA 07 Nov 2010 12 Jun 2012 Company Director Japanese 0 - 20 (0.0%)
Resigned Hirohiko IMURA 15 Jan 2008 28 May 2010 Senior Vp Risk Management Japanese 0 - 20 (0.0%)
Resigned Shingo UENO 15 Jan 2008 23 May 2013 General Manager Japanese 0 - 41 (25.0%)
Resigned Shuichi SUZUKI 20 Jun 2007 13 Nov 2013 General Manager British 0 - 53 (60.0%)
Resigned Shingo UENO 23 Dec 2006 20 Jun 2007 Commercial And Sales Managemen Japanese 0 - 31 (33.3%)
Resigned Makoto HORIE 23 Dec 2006 15 Jan 2008 Commercial And Sales Managemen Japanese 0 - 20 (0.0%)
Resigned Toshikazu NAMBU 23 Dec 2006 07 Nov 2010 Commercial And Sales Managemen Japanese 0 - 31 (33.3%)
Active Kenneth Mackenzie NESS 31 May 2006 Chartered Accountant British 7 - 41 (9.1%)
Resigned Kenneth Mackenzie NESS 14 Apr 2004 01 Jul 2004 Chartered Accountant British 7 - 41 (9.1%)
Resigned Malcolm Newall HOWAT 28 May 2003 28 May 2010 Company Director British 1 - 218 (36.4%)
Resigned Scott MARTIN 01 May 1999 28 May 2003 Chartered Accountant British 0 - 124 (33.3%)
Resigned William David Martin MILTON 30 Sep 1996 30 Sep 1998 Company Director British 2 - 1914 (66.7%)
Resigned David Alexander DAVIDSON 30 Sep 1996 31 Dec 2021 Company Director United Kingdom 0 - 20 (0.0%)
Resigned David John EASTCROFT 30 Sep 1996 30 Sep 2004 Company Director British 0 - 74 (57.1%)
Active John Mcdonald FERGUSON Company Director British 2 - 22 (50.0%)
Resigned Malcolm Newall HOWAT 28 May 2010 Company Director British 1 - 218 (36.4%)
Number of active directors: 3
Average tenure of active directors: 7.8 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 19.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
HOWCO QUALITY ALLOYS LIMITED (00650132) - Active
MILLHOUSES ENGINEERING COMPANY LIMITED (01390027) - Dissolved
HOWCO OILFIELD SERVICES LIMITED (04457692) - Active
HOWCO GROUP PLC (SC079844) - Active
ERYNGIUM LIMITED (SC158259) - Active
HOWCO FORGED PRODUCTS LIMITED (SC158260) - Dissolved
HOWCO ENGINEERING & TECHNICAL LIMITED (SC158261) - Dissolved
HOWCO METALS MANAGEMENT LIMITED (SC235586) - Active
HOWCO SPECIAL PROCESSING LIMITED (SC272142) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-03-312015-03-312014-03-312013-03-312012-03-31
ERYNGIUM LIMITEDORDINARY100,000
100%
100,000
100%
100,000
100%
100,000
100%
100,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

HOWCO GROUP PLC

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
2019-04-01 2019-09-30 88 85% 0% 22438
2018-10-01 2019-03-31 70 90% 0% 16356
2018-04-01 2018-09-30 74 90% 0% 7726


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
HOWCO GROUP PLC 1.2% 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 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 1.8% 3.8% 7.0% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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