PROCLAD INTERNATIONAL FORGING LIMITED

FTV PROCLAD INTERNATIONAL, VIEWFIELD, GLENROTHES, KY6 2RD

Company 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-2024
Accounts 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**
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 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 - 539 (14.5%)
Resigned Jared AYRES 24 Apr 2020 23 Jan 2023 Director British 21 - 74 (14.3%)
Active James Donald Gilmour WILSON 03 Dec 2018 Director British 4 - 00 (0.0%)
Resigned Alessandro Bernardo Agostino ROTTACH 02 Jul 2018 02 Jul 2018 Director Italian 1 - 71 (12.5%)
Resigned Derek SHEPHERD 02 Jul 2018 31 May 2019 Director British 0 - 40 (0.0%)
Resigned James Reid BIRNIE 27 Nov 2017 30 Nov 2018 Director British 0 - 50 (0.0%)
Resigned John Stephen CARDNO 01 Jun 2016 28 Apr 2017 Non Executive Director British 0 - 50 (0.0%)
Resigned Keith CARVER 06 Apr 2015 06 Apr 2016 Engineering Director British 0 - 50 (0.0%)
Resigned Colin MACRAE 01 Mar 2012 29 Sep 2014 Mechanical Engineer British And German 0 - 40 (0.0%)
Resigned Mark Anderson PENMAN 11 Aug 2011 03 Dec 2018 Uk Financial Controller British 9 - 539 (14.5%)
Resigned David ARBON 01 Apr 2011 06 Apr 2012 Uk Operations Director British 1 - 71 (12.5%)
Resigned Duncan Dargie MCDOUGALL 24 Feb 2006 30 Sep 2014 Director British 0 - 11581 (70.4%)
Resigned Hugh Galloway JACKSON 01 Jun 2005 10 Mar 2006 Managing Director British 2 - 84 (40.0%)
Resigned John Edward Douglas GORDON 22 Apr 2005 31 Mar 2011 Finance Director British 0 - 224 (18.2%)
Active Yaseen Mohamed Jaafar Mohamed MOHSEN 01 Apr 2005 Director Bahraini 7 - 87 (46.7%)
Resigned Alan Mcintosh RODGER 04 May 2004 08 Jan 2016 Director British 0 - 2614 (53.8%)
Resigned William NEILL 04 May 2004 01 Apr 2005 Director British 0 - 42 (50.0%)
Resigned Jared AYRES 15 Nov 2002 04 May 2004 Director British 21 - 74 (14.3%)
Resigned Duncan Campbell Neil MACPHERSON 14 Nov 2001 04 May 2004 Director British 0 - 5533 (60.0%)
Resigned Alan Mcintosh RODGER 14 Nov 2001 01 May 2003 Director British 0 - 2614 (53.8%)
Resigned Stephen Hedley HAYES 14 Nov 2001 01 May 2003 Director British 5 - 188135 (69.9%)
Resigned William Barton BOSLEM 01 Feb 1998 15 Nov 2002 Director British 0 - 21 (50.0%)
Resigned Richard Malcolm BAILEY 19 Oct 1995 01 Apr 1999 Director British 1 - 227 (30.4%)
Resigned Mark Hector PRIOR 19 Apr 1991 31 Aug 2000 Company Director British 7 - 101 (5.9%)
Resigned John Gray SCOTT 26 Mar 1991 12 Mar 1999 Engineer British 0 - 31 (33.3%)
Resigned John Richard Temple SMITHSON 19 Jan 1990 19 Oct 1995 Company Director British 1 - 3824 (61.5%)
Resigned Martin William RAMSAY 20 Mar 1989 18 Dec 2001 Accountant British 6 - 3016 (44.4%)
Resigned Roger NIGHTINGALE 18 Nov 2002 Metallurgist British 0 - 53 (60.0%)
Resigned Duncan Anderson BELL 01 Mar 1999 Company Director British 0 - 31 (33.3%)
Resigned William Allan WHITTLE 15 Apr 2003 Q A Engineer British 0 - 73 (42.9%)
Resigned John Richard Temple SMITHSON 19 Oct 1995 Company Director British 1 - 3824 (61.5%)
Number of active directors: 3
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

Name
 
UNITED CAST BAR (UK) LIMITED (00050918) - Active
BI SECRETARIAT LIMITED (00052923) - Dissolved
PANCLEAN SERVICES LIMITED (00403676) - Active
BI GROUP LIMITED (00451799) - Active
UCB FERROCAST LIMITED (00851235) - Active
UCB STARKEY'S TECHNICAST LIMITED (00969910) - Active
FTV PROCLAD INTERNATIONAL LIMITED (01213179) - Active
CINPRES GAS INJECTION LIMITED (01828895) - Active
PROCLAD INDUCTION BENDING LIMITED (01949932) - Active
BI GROUP PROPERTIES LIMITED (02083731) - Active
BI GROUP SERVICES LIMITED (02099762) - Active
BI GROUP PENSION TRUSTEES LIMITED (02167832) - Active
BI PLASTICS LIMITED (02194197) - Active
BI INDUSTRIAL LIMITED (02525183) - Active
BI NOMINEES LIMITED (02584246) - Dissolved
BI PRECISION LIMITED (02588681) - Active
DMWSL 110 LIMITED (02738318) - Active
PRESTIGE MEDICAL LIMITED (02826793) - Active
CORTWORTH LIMITED (02862504) - Active
CORTWORTH FINANCE LIMITED (02873486) - Active
PROCLAD INTERNATIONAL PIPELINES LIMITED (02978662) - Dissolved
NIC HOLDINGS (UK) LIMITED (03120724) - Active
MELLOWVALE LIMITED (03962993) - Dissolved
BI COMPOSITES LIMITED (04034953) - Dissolved
OCSAIF LIMITED (04052311) - Active
INTERNATIONAL PIPING PRODUCTS (EUROPE) LIMITED (05609369) - Active
IPP FORGING LIMITED (06641785) - Active
IPP MARDALE LIMITED (07410850) - Active
INTEGRAL PRESSURE CONNECTIONS LIMITED (07573990) - Active
IPP SCOMARK ENGINEERING LIMITED (08105251) - Active
IPP SPECIALISED MACHINE SERVICES LIMITED (09439342) - Active
IPP (CARBON & ALLOY) LIMITED (10163444) - Active
IPP ACCURA SUPPLY LIMITED (10663883) - Active
IPP LINVIC ENGINEERING LIMITED (10664080) - Active
IPP VAN TRIEL LIMITED (10664169) - Active
IPP STAINLESS STEEL FASTENERS LIMITED (10945955) - Active
IPP SCOMARK (EUROPE) LIMITED (11604430) - Active
IPP STOCK HOLDINGS LIMITED (11604469) - Active
IPP PROPERTY HOLDINGS LIMITED (11604481) - Active
IPP (EUROPE) LIMITED (11606626) - Active
IPP HOLDINGS (CYPRUS) LIMITED (11708258) - Active
IPP HOLDINGS (EUROPE) LIMITED (11708277) - Active
DRSC HOLDINGS (NETHERLANDS) B.V. (FC024679) - Active
IODS PIPE CLAD LIMITED (SC071447) - Active - Proposal to Strike off
PROCLAD INTERNATIONAL FORGING LIMITED (SC085645) - Active
GUSTURN LIMITED (SC106072) - Dissolved
ANGSTROM (FITTINGS) LIMITED (SC177944) - Dissolved
PROCLAD PIPE LIMITED (SC265170) - Dissolved
FTV PROCLAD (U.K.) LIMITED (SC271316) - Active
PROCLAD HEAT TREATMENT LIMITED (SC292794) - Active
PROCLAD EUROPE LIMITED (SC292795) - Dissolved
PROCLAD FORGED MATERIALS LIMITED (SC294843) - Active
DAWSON DOWNIE LAMONT LIMITED (SC294845) - Active
INNOVATIVE TOOLING SOLUTIONS (I.T.S.) LIMITED (SC294848) - Active
PROCLAD ENERGY SERVICES LIMITED (SC320214) - Dissolved
PROINSPECTION LIMITED (SC405886) - Active
PROCLAD ENERGY LIMITED (SC591339) - Active
DAWSON & DOWNIE LIMITED (SC595437) - Active
TUBO INTERNATIONAL LTD (SC631706) - Active - Proposal to Strike off
DDL TIMBER PACKAGING LIMITED (SC676267) - Active
FORTH INDUSTRIES LIMITED (SC685511) - Active - Proposal to Strike off
SCOTAR GROUP LIMITED (SC693782) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-12-282014-12-282013-12-282011-12-28
PROCLAD GROUP LIMITEDORDINARY2,627,443
81.3%
2,627,443
81.3%
2,627,443
81.3%
2,627,443
81.3%
PROCLAD GROUP LIMITEDORDINARY602,836
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)

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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
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