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PROCLAD INTERNATIONAL FORGING LIMITED
FTV PROCLAD INTERNATIONAL, VIEWFIELD, GLENROTHES, KY6 2RDCompany Number: SC085645
Incorporation date: 24-Nov-1983
Status: Active
Entity type: Private Limited Company
SIC codes:
25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
SUMMARY
This company is 40.4 years old and is currently active. It is controlled by Proclad Group Limited. The company has negative equity (net assets) of GBP -930.1 thousand which has worsened since the previous year's figure of GBP 604.3 thousand. The latest reported revenue figure is GBP 252.1 thousand which is down -90% on the previous year. 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 -4.6 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 3 active officers (directors or partners) who are or were officers of 61 other companies, 12 (19.7%) 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: 31-Aug-2024Accounts Filed: FULL (30-Nov-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
30-Nov-2021 | GBP | 252,111 | -1,534,440 | ||||
30-Nov-2020 | GBP | 1,689,045 | -291,559 | 21,940 | -313,499 | ||
30-Nov-2019 | GBP | 1,298,083 | -614,157 | -680,511 | |||
30-Nov-2018 | GBP | 1,599,009 | -542,066 | -622,403 | |||
30-Nov-2016 | GBP | 986,998 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
30-Nov-2021 | GBP | 190,917 | 698,915 | 3,230,279 | 330,765 | -4,568,583 | -930,114 | ||
30-Nov-2020 | GBP | 2,854,836 | 2,797,611 | 3,230,279 | 330,765 | -3,034,143 | 604,326 | ||
30-Nov-2019 | GBP | 2,791,944 | 2,168,732 | 3,230,279 | 330,765 | -2,720,644 | 917,825 | ||
30-Nov-2018 | GBP | 3,363,613 | 2,103,432 | 3,230,279 | 330,765 | -2,040,133 | 1,598,336 | ||
30-Nov-2016 | GBP | 2,975,033 | 610,915 | 3,230,279 | 330,765 | -882,531 | 2,755,938 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Tracey Louise GRAY | 01 May 2003 | 12 Jun 2008 | 0 - 15 | ||
Resigned | Tracy MILES | 18 Dec 2001 | 01 May 2003 | 0 - 170 | ||
Resigned | Martin William RAMSAY | 18 Dec 2001 | 6 - 30 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Mark Anderson PENMAN | 24 Apr 2020 | Director | British | 9 - 53 | 9 (14.5%) | |
Resigned | Jared AYRES | 24 Apr 2020 | 23 Jan 2023 | Director | British | 21 - 7 | 4 (14.3%) |
Active | James Donald Gilmour WILSON | 03 Dec 2018 | Director | British | 4 - 0 | 0 (0.0%) | |
Resigned | Alessandro Bernardo Agostino ROTTACH | 02 Jul 2018 | 02 Jul 2018 | Director | Italian | 1 - 7 | 1 (12.5%) |
Resigned | Derek SHEPHERD | 02 Jul 2018 | 31 May 2019 | Director | British | 0 - 4 | 0 (0.0%) |
Resigned | James Reid BIRNIE | 27 Nov 2017 | 30 Nov 2018 | Director | British | 0 - 5 | 0 (0.0%) |
Resigned | John Stephen CARDNO | 01 Jun 2016 | 28 Apr 2017 | Non Executive Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Keith CARVER | 06 Apr 2015 | 06 Apr 2016 | Engineering Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Colin MACRAE | 01 Mar 2012 | 29 Sep 2014 | Mechanical Engineer | British And German | 0 - 4 | 0 (0.0%) |
Resigned | Mark Anderson PENMAN | 11 Aug 2011 | 03 Dec 2018 | Uk Financial Controller | British | 9 - 53 | 9 (14.5%) |
Resigned | David ARBON | 01 Apr 2011 | 06 Apr 2012 | Uk Operations Director | British | 1 - 7 | 1 (12.5%) |
Resigned | Duncan Dargie MCDOUGALL | 24 Feb 2006 | 30 Sep 2014 | Director | British | 0 - 115 | 81 (70.4%) |
Resigned | Hugh Galloway JACKSON | 01 Jun 2005 | 10 Mar 2006 | Managing Director | British | 2 - 8 | 4 (40.0%) |
Resigned | John Edward Douglas GORDON | 22 Apr 2005 | 31 Mar 2011 | Finance Director | British | 0 - 22 | 4 (18.2%) |
Active | Yaseen Mohamed Jaafar Mohamed MOHSEN | 01 Apr 2005 | Director | Bahraini | 7 - 8 | 7 (46.7%) | |
Resigned | Alan Mcintosh RODGER | 04 May 2004 | 08 Jan 2016 | Director | British | 0 - 26 | 14 (53.8%) |
Resigned | William NEILL | 04 May 2004 | 01 Apr 2005 | Director | British | 0 - 4 | 2 (50.0%) |
Resigned | Jared AYRES | 15 Nov 2002 | 04 May 2004 | Director | British | 21 - 7 | 4 (14.3%) |
Resigned | Duncan Campbell Neil MACPHERSON | 14 Nov 2001 | 04 May 2004 | Director | British | 0 - 55 | 33 (60.0%) |
Resigned | Alan Mcintosh RODGER | 14 Nov 2001 | 01 May 2003 | Director | British | 0 - 26 | 14 (53.8%) |
Resigned | Stephen Hedley HAYES | 14 Nov 2001 | 01 May 2003 | Director | British | 5 - 188 | 135 (69.9%) |
Resigned | William Barton BOSLEM | 01 Feb 1998 | 15 Nov 2002 | Director | British | 0 - 2 | 1 (50.0%) |
Resigned | Richard Malcolm BAILEY | 19 Oct 1995 | 01 Apr 1999 | Director | British | 1 - 22 | 7 (30.4%) |
Resigned | Mark Hector PRIOR | 19 Apr 1991 | 31 Aug 2000 | Company Director | British | 7 - 10 | 1 (5.9%) |
Resigned | John Gray SCOTT | 26 Mar 1991 | 12 Mar 1999 | Engineer | British | 0 - 3 | 1 (33.3%) |
Resigned | John Richard Temple SMITHSON | 19 Jan 1990 | 19 Oct 1995 | Company Director | British | 1 - 38 | 24 (61.5%) |
Resigned | Martin William RAMSAY | 20 Mar 1989 | 18 Dec 2001 | Accountant | British | 6 - 30 | 16 (44.4%) |
Resigned | Roger NIGHTINGALE | 18 Nov 2002 | Metallurgist | British | 0 - 5 | 3 (60.0%) | |
Resigned | Duncan Anderson BELL | 01 Mar 1999 | Company Director | British | 0 - 3 | 1 (33.3%) | |
Resigned | William Allan WHITTLE | 15 Apr 2003 | Q A Engineer | British | 0 - 7 | 3 (42.9%) | |
Resigned | John Richard Temple SMITHSON | 19 Oct 1995 | Company Director | British | 1 - 38 | 24 (61.5%) |
Average tenure of active directors: 9.4 years
Average tenure of resigned directors: 3.4 years
Average active director Dissolution Rate: 20.4%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | |||
---|---|---|---|---|---|
2015-12-28 | 2014-12-28 | 2013-12-28 | 2011-12-28 | ||
PROCLAD GROUP LIMITED | ORDINARY | 2,627,443 81.3% | 2,627,443 81.3% | 2,627,443 81.3% | 2,627,443 81.3% |
PROCLAD GROUP LIMITED | ORDINARY | 602,836 18.7% | 602,836 18.7% | 602,836 18.7% | 602,836 18.7% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
PROCLAD INTERNATIONAL FORGING 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:
25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
FIRTH RIXSON FORGINGS LIMITED | FORGED SOLUTIONS GROUP DALE ROAD NORTH, DARLEY DALE, MATLOCK, ENGLAND, DE4 2JB | 00158672 | 2017-12-31 | 104,598,000 | -7,000 | |
WYMAN-GORDON LIMITED | C/O SPECIAL METALS WIGGIN LTD, WIGGINS WORKS, HOLMER RD, HEREFORD, HR4 9SL | 02889486 | 2017-12-31 | 94,669,000 | 10,121,000 | |
FIRTH RIXSON METALS LIMITED | UNIT 6 IGNITE, MAGNA WAY, ROTHERHAM, UNITED KINGDOM, S60 1FD | 00138691 | 2017-12-31 | 83,877,000 | 3,347,000 | |
METTIS AEROSPACE LIMITED | WINDSOR ROAD, REDDITCH, WORCESTERSHIRE, B97 6EF | 03292360 | 2017-12-31 | 75,032,000 | 8,467,000 | |
SYMMETRY MEDICAL SHEFFIELD LTD. | BEULAH ROAD, SHEFFIELD, SOUTH YORKSHIRE, S6 2AN | 00293190 | 2017-12-31 | 30,220,000 | 1,862,000 |
32500-Manufacture of medical and dental instruments and supplies |
BIFRANGI UK LIMITED | TOWER WORKS, SPA ROAD, LINCOLN, ENGLAND, LN2 5TB | 04279501 | 2017-12-31 | 25,960,266 | 0 |
25620-Machining |
KELCAMP STEEL FENCING LIMITED | C/O STOKE GALVANISING LTD NEVADA LANE, BURSLEM, STOKE ON TRENT, UNITED KINGDOM, ST6 2BN | 01819225 | 2017-12-31 | 12,545,530 | 0 | |
PRESBAR DIECASTINGS LIMITED | STORE STREET, MANCHESTER, M1 2WD | 03798597 | 2017-10-31 | 9,813,192 | 0 | |
INDUSTRIAL AND TRACTOR LIMITED | NAVIGATION ROAD, DIGLIS, WORCS, WR5 3DF | 00861574 | 2018-03-31 | 9,103,555 | 0 |
25620-Machining |
SDF AUTOMOTIVE LIMITED | 2ND FLOOR, 45 CHURCH STREET, BIRMINGHAM, B3 2RT | 10458615 | 2018-12-31 | 3,312,988 | 0 | |
CJ CARREL LIMITED | 9 LYNDWOOD DRIVE, OLD WINDSOR, WINDSOR, ENGLAND, SL4 2QN | 06040397 | 2018-12-31 | 63,409 | 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 |
---|---|---|---|---|
PROCLAD INTERNATIONAL FORGING 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 | 0.5% | 3.5% | 8.2% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |