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VALLOUREC OIL & GAS UK LTD.
CLYDESDALE WORKS, CLYDESDALE ROAD, BELLSHILL, LANARKSHIRE, ML4 2RRPrevious name: VALLOUREC MANNESMANN OIL & GAS UK LTD. (changed on 01-Oct-2013)
Company Number: SC147386
Incorporation date: 08-Nov-1993
Status: Active
Entity type: Private Limited Company
SIC codes:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
SUMMARY
This company is 30.4 years old and is currently active. It is controlled by Vallourec Tubes Sa. The company has positive equity (net assets) of GBP 3.6 million which has increased from GBP 0 in the previous year. The latest reported revenue figure is GBP 43.2 million which is down -50% on the previous year. Retained earnings is negative (GBP -9.2 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 5 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Dec-2023Accounts Filed: FULL (31-Dec-2021)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2018 | GBP | 43,241,000 | -9,161,000 | 768,000 | 334,000 | 909,000 | -7,818,000 |
31-Dec-2017 | GBP | 79,163,000 | -5,022,000 | 352,000 | 847,000 | -4,963,000 | |
31-Dec-2016 | GBP | 85,389,000 | -20,384,000 | 502,000 | 341,000 | -15,798,000 | |
31-Dec-2015 | GBP | 125,200,000 | -2,042,000 | 364,000 | 340,000 | -137,000 | -2,155,000 |
31-Dec-2014 | GBP | 146,507,000 | 10,818,000 | 233,000 | 412,000 | 1,717,000 | 8,922,000 |
31-Dec-2013 | GBP | 138,361,000 | 15,046,000 | 3,718,000 | 12,707,000 | ||
31-Dec-2012 | GBP | ||||||
31-Dec-2011 | GBP | 125,978,000 | 12,627,000 | 191,000 | 3,372,000 | 9,064,000 | |
31-Dec-2010 | GBP | 108,929,000 | 6,893,000 | 510,000 | 813,000 | 5,570,000 | |
31-Dec-2009 | GBP | 147,896,000 | 17,394,000 | 876,000 | 4,619,000 | 11,899,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2018 | GBP | 1,374,000 | 31,429,000 | 48,209,000 | 12,700,000 | -9,203,000 | 3,611,000 | ||
31-Dec-2017 | GBP | 26,981,000 | 32,506,000 | 12,700,000 | 7,058,000 | ||||
31-Dec-2016 | GBP | 1,873,000 | 39,362,000 | 12,709,000 | 8,272,000 | 20,861,000 | |||
31-Dec-2015 | GBP | 1,839,000 | 55,967,000 | 41,093,000 | 12,700,000 | 25,704,000 | 37,926,000 | ||
31-Dec-2014 | GBP | 4,000 | 83,641,000 | 60,617,000 | 12,700,000 | 23,382,000 | 35,064,000 | ||
31-Dec-2013 | GBP | 4,000 | 73,049,000 | 43,602,000 | 12,700,000 | 27,299,000 | 39,999,000 | ||
31-Dec-2012 | GBP | 2,345,000 | 65,465,000 | 25,435,000 | 12,700,000 | 32,505,000 | 45,205,000 | ||
31-Dec-2011 | GBP | 9,000 | 58,929,000 | 31,077,000 | 12,700,000 | 17,970,000 | 30,670,000 | ||
31-Dec-2010 | GBP | 98,000 | 12,700,000 | 19,221,000 | 31,921,000 | ||||
31-Dec-2009 | GBP | 403,000 | 45,186,000 | 17,750,000 | 170,000 | 12,700,000 | 13,140,000 | 25,840,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2017 | GBP | -0.07% | -9,000 | 12,709,000 | 12,700,000 | 11,768,000 |
31-Dec-2016 | GBP | 0.07% | 9,000 | 12,700,000 | 12,709,000 | 10,848,500 |
** 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 | BRODIES SECRETARIAL SERVICES LIMITED | 31 May 2023 | 28 Mar 2024 | 459 - 682 | ||
Resigned | Kenneth Mcallister HALL | 02 Sep 2013 | 31 May 2023 | 0 - 1 | ||
Resigned | Alan Hutcheson BOAL | 22 Mar 1994 | 17 May 2013 | British | 0 - 3 | |
Resigned | Pierre VERLUCA | 08 Feb 1994 | 22 Mar 1994 | Directeur Commercial | French | 0 - 2 |
Resigned | QUEENSFERRY FORMATIONS LIMITED | 08 Nov 1993 | 08 Feb 1994 | 0 - 11 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Alexandre Pierre Nicolas VALDELIEVRE | 14 Aug 2023 | Managing Director | French | 1 - 0 | 0 (0.0%) | |
Active | Laurent DUBEDOUT | 31 Jan 2023 | Senior Vp | French | 1 - 0 | 0 (0.0%) | |
Active | Stephane FAVRICHON | 31 Jan 2023 | Financial Manager | French | 2 - 0 | 0 (0.0%) | |
Active | Bertrand DE ROTALIER | 23 Jan 2023 | Vp Sales | French | 1 - 0 | 0 (0.0%) | |
Resigned | Christophe HUOT | 01 Oct 2021 | 31 Jan 2023 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Melanie FAUVEL | 01 Sep 2020 | 14 Aug 2023 | Managing Director | French | 1 - 2 | 0 (0.0%) |
Resigned | Hubert PARIS | 29 Jun 2017 | 31 Jan 2023 | Senior Vp Europe & Africa | French | 0 - 1 | 0 (0.0%) |
Resigned | Christophe HUOT | 06 Jun 2016 | 01 Sep 2020 | Company Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Dirk BISSEL | 25 May 2015 | 01 Oct 2021 | Company Director | German | 0 - 1 | 0 (0.0%) |
Resigned | Bertrand FRISCHMANN | 06 Jan 2014 | 15 Aug 2016 | Managing Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Moic TOULEMONDE | 06 Jan 2014 | 25 May 2015 | Company Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Philippe, M EMERY | 08 Dec 2010 | 06 Jan 2014 | Director | French | 0 - 1 | 0 (0.0%) |
Active | Philippe, M CARLIER | 11 Dec 2009 | Director | French | 1 - 0 | 0 (0.0%) | |
Resigned | Didier HORNET | 09 Dec 2009 | 31 Jan 2023 | Director & Chairman | French | 0 - 1 | 0 (0.0%) |
Resigned | Daniel DAURON | 11 Jun 2008 | 06 Jan 2014 | Managing Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Pierre Jean FRENTZEL | 01 Jun 2007 | 26 Apr 2010 | Engineer | French | 0 - 1 | 0 (0.0%) |
Resigned | Emery PHILIPPE | 07 Jul 2006 | 11 Jun 2008 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Claude Andre Raymond, M. BLANQUET | 07 Jun 2006 | 09 Dec 2009 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Marc KARAKO | 22 Oct 2004 | 30 Aug 2006 | C.F.O. | French | 0 - 1 | 0 (0.0%) |
Resigned | Jean Yves LE CUZIAT | 22 Oct 2004 | 21 Jun 2007 | Managing Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Nicolas Pierre Rene Marie MOREAU | 22 Oct 2004 | 11 Jun 2008 | Managing Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Didier HORNET | 01 Jul 2002 | 22 Oct 2004 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Jean-Yves LE CUZIAT | 25 May 2001 | 01 Jul 2002 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Jean-Pierre MICHEL | 29 Jun 2000 | 29 Jun 2017 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Norbert Franz SCHMITZ PRANGHE | 27 Nov 1999 | 07 Jun 2006 | Director | German | 0 - 1 | 0 (0.0%) |
Resigned | Klaus, Dr WELTERS | 30 Oct 1997 | 27 Nov 1999 | Company Director | German | 0 - 1 | 0 (0.0%) |
Resigned | Jean Robert Andre BRECHETEAU | 30 Oct 1997 | 07 Jun 2006 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Jean Claude VERDIERE | 08 Feb 1994 | 30 Oct 1997 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Jacques ARNAUDEAU | 08 Feb 1994 | 29 Jun 2000 | Director | French | 0 - 1 | 0 (0.0%) |
Resigned | Pierre VERLUCA | 08 Feb 1994 | 22 Oct 2004 | Director | French | 0 - 2 | 0 (0.0%) |
Resigned | QUEENSFERRY REGISTRATIONS LIMITED | 08 Nov 1993 | 08 Feb 1994 | 0 - 9 | 4 (44.4%) | ||
Resigned | QUEENSFERRY FORMATIONS LIMITED | 08 Nov 1993 | 08 Feb 1994 | 0 - 11 | 5 (45.5%) |
Average tenure of active directors: 3.7 years
Average tenure of resigned directors: 4.5 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2020-11-08 | 2017-11-08 | 2015-11-08 | 2014-11-08 | 2013-11-08 | ||
VALLOUREC TUBES | ORDINARY | 5,700,000 100% | 12,700,000 100% | 0 0% | 0 0% | 0 0% |
VALLOUREC & MANNESMANN TUBES | ORDINARY | 0 0% | 0 0% | 12,700,000 100% | 12,700,000 100% | 12,700,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
VALLOUREC OIL & GAS UK LTD.
Controlled companies below
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 |
---|---|---|---|---|---|
2018-01-01 | 2018-06-30 | 36 | 0% | 18% | 5914 |
COURT CASES
Date | Title | Reference | Subject |
---|---|---|---|
2017-12-07 | Mr C Lees and others (see attached schedule) v Vallourec Oil & Gas UK Ltd | [2017] UKET 4102772/2015 | Working Time Regulations |
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 |
---|---|---|---|---|
VALLOUREC OIL & GAS UK LTD. | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |