FLEXIBLE TECHNOLOGY LIMITED

THIRD FLOOR, CENTENARY HOUSE, 69 WELLINGTON STREET, GLASGOW, G2 6HG

Company Number: SC138019
Incorporation date: 29-Apr-1992
Status: In Administration
Entity type: Private Limited Company

SIC codes:
26110 Manufacture of electronic components





SUMMARY

This company is 31.9 years old and is currently in administration. It is controlled by Mr Peter Kenneth Timms. No P&L financials are available but there is Balance Sheet data. The company has positive equity (net assets) of GBP 407.8 thousand which has decreased from the previous year's figure of GBP 547.5 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -139.7 thousand in the last reported period. Retained earnings is negative (GBP -473.2 thousand), 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 2 active officers (directors or partners) who are or were officers of 29 other companies, 4 (13.8%) 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-Apr-2023
Accounts Filed: TOTAL EXEMPTION FULL (31-Jul-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
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-Jul-2021 GBP 92,532 469,505 219,069 207,093 821,000 -473,170 407,830
31-Jul-2020 GBP 245,457 640,152 196,844 225,330 821,000 -333,477 547,523
31-Jul-2019 GBP 173,681 516,798 177,387 159,966 821,000 -356,960 524,040
31-Jul-2018 GBP 86,469 464,169 173,491 146,820 821,000 -395,873 485,127
31-Jul-2017 GBP 98,001 434,557 149,060 130,654 821,000 -365,070 515,930
31-Jul-2016 GBP 158,685 514,417 186,644 15,627 821,000 -188,307 350,000
31-Jul-2015 GBP 247,682 678,666 245,318 791,000 -13,358 837,642
31-Jul-2014 GBP 232,107 608,475 232,634 791,000 -40,274 810,726

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Jul-2016 GBP 3.65% 30,000 791,000 821,000 610,630
* 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 TM COMPANY SERVICES LIMITED 10 Sep 2001 28 Mar 2024 5 - 281

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Nicholas TIMMS 07 Jul 2022 Operations Director British 1 - 12 (100.0%)
Resigned Norman Houston LAMOND 14 Jun 1996 31 Jul 2015 Businessman British 0 - 83 (37.5%)
Resigned Lawrence Davidson IRVING 29 Feb 1996 28 Nov 1997 Financial Director British 0 - 96 (66.7%)
Resigned Stephen Philip HOLMES 01 May 1995 29 Feb 1996 Accountant British 0 - 33 (100.0%)
Resigned John Peter Robert BROWN 14 Aug 1992 01 May 1995 Financial Director British 0 - 83 (37.5%)
Active Peter Kenneth TIMMS 15 Jun 1992 Company Director British 2 - 296 (19.4%)
Resigned LYCIDAS SECRETARIES LIMITED 29 Apr 1992 10 Sep 2001 2 - 485249 (51.1%)
Resigned LYCIDAS NOMINEES LIMITED 29 Apr 1992 12 Jun 1992 0 - 354193 (54.5%)
Number of active directors: 2
Average tenure of active directors: 16.8 years
Average tenure of resigned directors: 5.7 years
Average active director Dissolution Rate: 59.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ESUK AEROSPACE AND SIMULATION LIMITED (02968071) - Active
CROWN PLACE VCT PLC (03495287) - Active
JS RESIDUAL LTD (03753462) - Active
CALEDONIAN MARITIME ASSETS LIMITED (SC001854) - Active
DAVID MACBRAYNE LIMITED (SC015304) - Active
NORTHLINK FERRIES LIMITED (SC027370) - Active
SCHRODER UK MID CAP FUND PLC (SC082551) - Active
S E T G LIMITED (SC087033) - Dissolved
BUTE VICTORIANA LIMITED (SC094624) - Active
SEA CATCH PLC (SC103739) - Active
HIE ARGYLL AND THE ISLANDS (SC126604) - Active
FLEXIBLE TECHNOLOGY LIMITED (SC138019) - In Administration
UNIVERSITY OF THE HIGHLANDS AND ISLANDS (SC148203) - Active
HIE VENTURES LIMITED (SC156337) - Active
BUSINESS FORUM SCOTLAND (SC172391) - Active
ELECTRONICS SCOTLAND LIMITED (SC203101) - Dissolved
NORTHLINK ORKNEY AND SHETLAND FERRIES LIMITED (SC212342) - Liquidation
THE EUROPEAN MARINE ENERGY CENTRE LIMITED (SC249331) - Active
DAVID MACBRAYNE HR (UK) LIMITED (SC282760) - Active
CALMAC FERRIES LIMITED (SC302282) - Active
RATHLIN FERRIES LIMITED (SC306518) - Active
COWAL FERRIES LIMITED (SC306519) - Active
CALEDONIAN MACBRAYNE LIMITED (SC308636) - Active
FRIENDS OF ADVENTURE EDINBURGH (SC385484) - Dissolved
ARGYLL FERRIES LIMITED (SC391762) - Active
MULL FERRIES LIMITED (SC421235) - Active
ARRAN FERRIES LIMITED (SC421236) - Active
BUTE FERRIES LIMITED (SC421237) - Active
CUMBRAE FERRIES LIMITED (SC421238) - Active
GIGHA FERRIES LIMITED (SC421239) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

FLEXIBLE TECHNOLOGY 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: 26110 Manufacture of electronic components)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
CIRRUS LOGIC INTERNATIONAL (UK) LTD 7 B NIGHTINGALE WAY, QUARTERMILE, EDINBURGH, SCOTLAND, EH3 9EG SC089839 2018-03-31 1,510,737,000 25,328,000
THALES UK LIMITED 350 LONGWATER AVENUE, GREEN PARK, READING, BERKSHIRE, UNITED KINGDOM, RG2 6GF 00868273 2017-12-31 1,065,292,000 199,492,000 26309-Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment
71129-Other engineering activities
84220-Defence activities
SIEMENS PUBLIC LIMITED COMPANY PINEHURST 2, PINEHURST ROAD, FARNBOROUGH, HAMPSHIRE, UNITED KINGDOM, GU14 7BF 00727817 2018-09-30 790,907,000 875,142,000 26512-Manufacture of electronic industrial process control equipment
27110-Manufacture of electric motors, generators and transformers
27120-Manufacture of electricity distribution and control apparatus
GE AVIATION SYSTEMS LIMITED CHELTENHAM ROAD, BISHOPS CLEEVE, CHELTENHAM, GLOUCESTERSHIRE, GL52 8SF 00745917 2017-12-30 806,994,000 -365,136,000 84110-General public administration activities
84220-Defence activities
96090-Other service activities not elsewhere classified
SHIN-ETSU HANDOTAI EUROPE LIMITED SHIN-ETSU HANDOTAI EUROPE LTD WILSON ROAD, TOLL ROUNDABOUT, ELIBURN, LIVINGSTON, WEST LOTHIAN, SCOTLAND, EH54 7DA SC087947 2017-12-31 233,625,000 20,658,000
LANDIS + GYR LIMITED THE LANDING TRIDENT BUSINESS PARK, STYAL ROAD, MANCHESTER, ENGLAND, M22 5XB 01202284 2018-03-31 223,291,000 -49,875,000
TYCO ELECTRONICS UK LTD COMPANY SECRETARIAT, FARADAY ROAD, DORCAN, SWINDON, SN3 5HH 00550926 2017-09-30 173,273,000 92,525,000
NEWPORT WAFER FAB LIMITED CARDIFF ROAD, NEWPORT, NP10 8YJ 04338966 2017-09-30 116,556,000 14,034,000
TELEDYNE E2V (UK) LIMITED 106 WATERHOUSE LANE, CHELMSFORD, ESSEX, CM1 2QU 00432014 2017-12-31 108,637,000 6,467,000
TECHNETIX LIMITED INNOVATION HOUSE TECHNETIX BUSINESS PARK, MUDDLESWOOD ROAD, ALBOURNE, HASSOCKS, WEST SUSSEX, ENGLAND, BN6 9EB 02484988 2017-12-31 93,718,000 457,000 26400-Manufacture of consumer electronics
46520-Wholesale of electronic and telecommunications equipment and parts
PROTEC FIRE DETECTION PUBLIC LIMITED COMPANY PROTEC HOUSE, CHURCHILL WAY, LOMESHAYE IND EST, NELSON LANCS, BB9 6RT 01170489 2018-08-31 80,863,421 10,414,523
TELEDYNE LIMITED 106 WATERHOUSE LANE, CHELMSFORD, ESSEX, ENGLAND, CM1 2QU 03863642 2017-12-31 80,838,000 5,587,000 26301-Manufacture of telegraph and telephone apparatus and equipment
96090-Other service activities not elsewhere classified
DIODES ZETEX SEMICONDUCTORS LIMITED ZETEX TECHNOLOGY PARK, CHADDERTON, OLDHAM, OL9 9LL 02387949 2017-12-31 80,389,000 13,435,000
NEXPERIA UK LTD. BRAMHALL MOOR LANE, HAZEL GROVE, STOCKPORT, CHESHIRE, SK7 5BJ 05814335 2017-12-31 77,169,000 547,000
TEXAS INSTRUMENTS (U.K.) LIMITED 1 MORE LONDON PLACE, LONDON, SE1 2AF 00957879 2017-12-31 71,781,000 3,784,000
SURREY SATELLITE TECHNOLOGY LIMITED TYCHO HOUSE, 20 STEPHENSON ROAD, SURREY RESEARCH PARK, GUILDFORD, SURREY, GU2 7YE 01916260 2017-12-31 56,072,000 -24,656,000 30300-Manufacture of air and spacecraft and related machinery
72190-Other research and experimental development on natural sciences and engineering
PEKTRON GROUP LIMITED PEKTRON, ALFRETON ROAD, DERBY, ENGLAND, DE21 4AP 00823259 2017-12-31 53,610,560 7,746,896
WELWYN COMPONENTS LIMITED WELWYN ELECTRONICS PARK, BEDLINGTON, NORTHUMBERLAND, NE22 7AA 00162480 2017-12-31 47,540,000 4,955,000
TDK-LAMBDA UK LIMITED TDK-LAMBDA UK LIMITED, KINGSLEY AVENUE, ILFRACOMBE, ENGLAND, EX34 8ES 00634143 2018-03-31 37,774,000 2,970,000
SPELLMAN HIGH VOLTAGE ELECTRONICS LIMITED. BROOMERS PARK, BROOMERS HILL LANE, PULBOROUGH, WEST SUSSEX, UNITED KINGDOM, RH20 2RY 02329112 2018-03-31 28,383,650 0 26301-Manufacture of telegraph and telephone apparatus and equipment
33140-Repair of electrical equipment
61900-Other telecommunications activities
MICROSS COMPONENTS LIMITED 2 HELLESDON PARK ROAD, DRAYTON HIGH ROAD, NORWICH, NORFOLK, NR6 5DR 01803460 2017-12-31 18,686,549 0
SENS-TECH LIMITED 2 CHANCELLOR COURT OCCAM ROAD, SURREY RESEARCH PARK, GUILDFORD, ENGLAND, GU2 7AH 00668759 2018-03-31 14,979,000 0
G.T.K. (U.K.) LTD. ANTURA UNIT C2, BOND CLOSE, BASINGSTOKE, HAMPSHIRE, RG24 8PZ 02460213 2017-07-31 14,299,560 0 46900-Non-specialised wholesale trade
APPLICATION SOLUTIONS (SAFETY AND SECURITY) LIMITED UNIT 17, CLIFFE INDUSTRIAL, ESTATE, LEWES, EAST SUSSEX, BN8 6JL 06437637 2018-03-31 10,558,684 0
L.E.W. TECHNIQUES LIMITED BINDON BUSINESS PARK, COOK WAY, TAUNTON, SOMERSET., TA2 6BG 00879810 2018-05-31 6,326,877 0
ENTERPRISE CONTROL SYSTEMS LIMITED 5TH FLOOR, ONE NEW CHANGE, LONDON, ENGLAND, EC4M 9AF 02296415 2018-03-31 4,569,950 0
COMUS EUROPE LIMITED 165-167 TOWER STREET, BRIGHTLINGSEA, ESSEX, ENGLAND, CO7 0AW 02407546 2018-07-31 2,473,769 0
QUALCOMM TECHNOLOGIES INTERNATIONAL, LTD. CHURCHILL HOUSE CAMBRIDGE BUSINESS PARK, COWLEY ROAD, CAMBRIDGE, CAMBRIDGESHIRE, UNITED KINGDOM, CB4 0WZ 03665875 2017-09-24 2,083,243 178,381
COCOM CONSUMER ELECTRONICS LIMITED GROVE PLACE CUCKFIELD LANE, WARNINGLID, HAYWARDS HEATH, WEST SUSSEX, RH17 5SN 06811449 2017-12-31 526,180 0
THE TOTAL ELECTRONIC CONTROL CO LIMITED WILLOWS HILL ROAD, FETCHAM, LEATHERHEAD, ENGLAND, KT22 9SZ 03159691 2018-12-31 137,955 0
INSTEP SOLUTIONS LIMITED 1 GEFFERS RIDE, ASCOT, BERKSHIRE, ENGLAND, SL5 7JY 05146326 2018-09-30 122,184 0
G24 POWER LIMITED SOUTH LAKE DRIVE, IMPERIAL PARK, NEWPORT, NP10 8AS 08291461 2017-12-31 94,000 0
WARWICK ACOUSTICS LIMITED UNIT 3, NW07 MIRA TECHNOLOGY PARK, WATLING STREET, NUNEATON, UNITED KINGDOM, CV10 0TU 04451674 2017-09-30 60,987 0 72190-Other research and experimental development on natural sciences and engineering
HIGH CALIBRE ENGINEERING LTD 4 WOOD COURT, BROADFIELD, CRAWLEY, RH11 9QE 07195697 2018-03-31 35,678 0 26120-Manufacture of loaded electronic boards
KJS ELECTRICS LTD RACS, THREE HORSESHOES WALK, WARMINSTER, UNITED KINGDOM, BA12 9BT 10585918 2018-01-31 23,818 0
A. GOULD CONTROL SYSTEMS LTD 65A HIGH STREET, STEVENAGE, HERTFORDSHIRE, SG1 3AQ 09861446 2017-11-30 22,226 0
TTP DEVICES LTD 9 WAXWING WAY, COSTESSEY, NORWICH, NR8 5GA 06864929 2018-03-31 95 0 26309-Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment
26511-Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
72190-Other research and experimental development on natural sciences and engineering
BABBLAH LTD 12A WINCHESTER COURT, VICARAGE GATE, LONDON, UNITED KINGDOM, W8 4AB 10335867 2018-08-31 0 0 72190-Other research and experimental development on natural sciences and engineering
GORDON MORRIS LIMITED DENEHURST, BALTONSBOROUGH, GLASTONBURY, SOMERSET, BA6 8QY 02090507 2017-12-31 0 0 46520-Wholesale of electronic and telecommunications equipment and parts
AMPHENOL LIMITED THANET WAY, TANKERTON, WHITSTABLE, KENT, CT5 3JF 00784278 0000-00-00 0 0
VOLEX PLC UNIT C1 ANTURA, BOND CLOSE, BASINGSTOKE, HAMPSHIRE, UNITED KINGDOM, RG24 8PZ 00158956 0000-00-00 0 0 27900-Manufacture of other electrical equipment
XAAR PLC 3950 CAMBRIDGE RESEARCH PARK, WATERBEACH, CAMBRIDGE, ENGLAND, CB25 9PE 03320972 0000-00-00 0 0 72190-Other research and experimental development on natural sciences and engineering

LIQUIDATION RISK (BETA)



This company is In Administration. Statistically, such companies have a VERY HIGH 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
Company status 99.8% 99.8% 99.4% High
Other companies Active in the same sector 0.9% 2.7% 6.0% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.6% 7.2% 9.6% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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