VALLOUREC OIL & GAS UK LTD.

CLYDESDALE WORKS, CLYDESDALE ROAD, BELLSHILL, LANARKSHIRE, ML4 2RR

Previous 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-2023
Accounts 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
* 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 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 - 00 (0.0%)
Active Laurent DUBEDOUT 31 Jan 2023 Senior Vp French 1 - 00 (0.0%)
Active Stephane FAVRICHON 31 Jan 2023 Financial Manager French 2 - 00 (0.0%)
Active Bertrand DE ROTALIER 23 Jan 2023 Vp Sales French 1 - 00 (0.0%)
Resigned Christophe HUOT 01 Oct 2021 31 Jan 2023 Director French 0 - 10 (0.0%)
Resigned Melanie FAUVEL 01 Sep 2020 14 Aug 2023 Managing Director French 1 - 20 (0.0%)
Resigned Hubert PARIS 29 Jun 2017 31 Jan 2023 Senior Vp Europe & Africa French 0 - 10 (0.0%)
Resigned Christophe HUOT 06 Jun 2016 01 Sep 2020 Company Director French 0 - 10 (0.0%)
Resigned Dirk BISSEL 25 May 2015 01 Oct 2021 Company Director German 0 - 10 (0.0%)
Resigned Bertrand FRISCHMANN 06 Jan 2014 15 Aug 2016 Managing Director French 0 - 10 (0.0%)
Resigned Moic TOULEMONDE 06 Jan 2014 25 May 2015 Company Director French 0 - 10 (0.0%)
Resigned Philippe, M EMERY 08 Dec 2010 06 Jan 2014 Director French 0 - 10 (0.0%)
Active Philippe, M CARLIER 11 Dec 2009 Director French 1 - 00 (0.0%)
Resigned Didier HORNET 09 Dec 2009 31 Jan 2023 Director & Chairman French 0 - 10 (0.0%)
Resigned Daniel DAURON 11 Jun 2008 06 Jan 2014 Managing Director French 0 - 10 (0.0%)
Resigned Pierre Jean FRENTZEL 01 Jun 2007 26 Apr 2010 Engineer French 0 - 10 (0.0%)
Resigned Emery PHILIPPE 07 Jul 2006 11 Jun 2008 Director French 0 - 10 (0.0%)
Resigned Claude Andre Raymond, M. BLANQUET 07 Jun 2006 09 Dec 2009 Director French 0 - 10 (0.0%)
Resigned Marc KARAKO 22 Oct 2004 30 Aug 2006 C.F.O. French 0 - 10 (0.0%)
Resigned Jean Yves LE CUZIAT 22 Oct 2004 21 Jun 2007 Managing Director French 0 - 10 (0.0%)
Resigned Nicolas Pierre Rene Marie MOREAU 22 Oct 2004 11 Jun 2008 Managing Director French 0 - 10 (0.0%)
Resigned Didier HORNET 01 Jul 2002 22 Oct 2004 Director French 0 - 10 (0.0%)
Resigned Jean-Yves LE CUZIAT 25 May 2001 01 Jul 2002 Director French 0 - 10 (0.0%)
Resigned Jean-Pierre MICHEL 29 Jun 2000 29 Jun 2017 Director French 0 - 10 (0.0%)
Resigned Norbert Franz SCHMITZ PRANGHE 27 Nov 1999 07 Jun 2006 Director German 0 - 10 (0.0%)
Resigned Klaus, Dr WELTERS 30 Oct 1997 27 Nov 1999 Company Director German 0 - 10 (0.0%)
Resigned Jean Robert Andre BRECHETEAU 30 Oct 1997 07 Jun 2006 Director French 0 - 10 (0.0%)
Resigned Jean Claude VERDIERE 08 Feb 1994 30 Oct 1997 Director French 0 - 10 (0.0%)
Resigned Jacques ARNAUDEAU 08 Feb 1994 29 Jun 2000 Director French 0 - 10 (0.0%)
Resigned Pierre VERLUCA 08 Feb 1994 22 Oct 2004 Director French 0 - 20 (0.0%)
Resigned QUEENSFERRY REGISTRATIONS LIMITED 08 Nov 1993 08 Feb 1994 0 - 94 (44.4%)
Resigned QUEENSFERRY FORMATIONS LIMITED 08 Nov 1993 08 Feb 1994 0 - 115 (45.5%)
Number of active directors: 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

Name
 
VALLOUREC OIL & GAS UK LTD. (SC147386) - Active
KERLOCH OIL TOOLS LTD (SC395299) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-11-082017-11-082015-11-082014-11-082013-11-08
VALLOUREC TUBESORDINARY5,700,000
100%
12,700,000
100%
0
0%
0
0%
0
0%
VALLOUREC & MANNESMANN TUBESORDINARY0
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
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