MAINETTI (UK) LIMITED

ANNFIELD ESTATE, OXNAM ROAD, JEDBURGH, TD8 6NN

Company Number: SC170666
Incorporation date: 16-Dec-1996
Status: Active
Entity type: Private Limited Company

SIC codes:
20160 Manufacture of plastics in primary forms
22290 Manufacture of other plastic products




SUMMARY

This company is 27.6 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 3 million which has increased from GBP 2.7 million in the previous year. The latest reported revenue figure is GBP 25.4 million which is similar to the previous year's figure of GBP 25 million. Retained earnings is negative (GBP -1.6 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 10 other companies. 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: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 25,433,469 -525,963 533,966 539,432 -670,720
31-Dec-2017 GBP 24,968,155 -449,711 622,435 529,959 -5,974
31-Dec-2016 GBP 342,597 461,787 548,988 -40,857 -8,461
31-Dec-2014 GBP 29,397,084 1,919,737 295,275 459,415 527,275 1,528,597
31-Dec-2013 GBP 27,013,291 1,032,144 343,797 298,190 38,236 972,830
31-Dec-2012 GBP
31-Dec-2011 GBP 24,933,955 303,795 323,263 274,644 8,278 173,136
31-Dec-2010 GBP 25,591,114 671,956 286,219 276,872 385,303
31-Dec-2009 GBP 22,802,217 88,582 254,939 301,118
31-Dec-2008 GBP 21,420,598 -2,148,757 593,931 420,962 -1,864,793
31-Dec-2007 GBP 27,758,829 4,034,424 557,912 350,622 636,130
31-Dec-2006 GBP 26,440,705 528,692 518,990 -416,132 -10,284


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 8,500,000 -1,627,841 2,971,220
31-Dec-2017 GBP 8,500,000 -768,121 2,705,440
31-Dec-2016 GBP 775,000 100,000,000,000,000
31-Dec-2014 GBP 7,500,000 1,769,083 4,101,381
31-Dec-2013 GBP 1,804 16,282,017 13,091,680 414,856 7,500,000 1,053,509 4,865,509
31-Dec-2012 GBP 7,500,000 574,679 2,954,679
31-Dec-2011 GBP 7,500,000 1,111,713 2,487,713
31-Dec-2010 GBP 7,500,000 1,399,577 4,540,577
31-Dec-2009 GBP 1,118,274 -5,074,000
31-Dec-2008 GBP 1,587 14,011,207 1,349,634 7,500,000 3,792,421
31-Dec-2007 GBP 2,373 16,529,361 3,514,223 7,500,000 8,592,214
31-Dec-2006 GBP 2,349 17 1,841,292 7,500,000 7,652,042

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2017 GBP 90.88% 7,725,000 775,000 8,500,000 4,637,500
31-Dec-2016 GBP -867.74% -6,725,000 7,500,000 775,000 4,137,500
31-Dec-2010 GBP 85.09% 6,381,726 1,118,274 7,500,000 4,309,137
31-Dec-2009 GBP -570.68% -6,381,726 7,500,000 1,118,274 4,983,161
* 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 Julie Margaret FORSYTHE 22 Dec 2022 19 Jul 2024 1 - 0
Resigned James Murray HUTCHISON 01 Oct 2020 15 Nov 2022 0 - 1
Resigned WM BROWN (REGISTRARS) LIMITED 16 Dec 1996 30 Sep 2020 10 - 29

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Graham WILSON 12 Dec 2012 Production Director British 1 - 00 (0.0%)
Active James Murray HUTCHISON 30 Mar 2012 Financial Director British 5 - 100 (0.0%)
Active Nicholas William CRANSTON 30 Mar 2012 Sales & Marketing Director Global Accounts British 2 - 00 (0.0%)
Resigned Keith CHARLTON 01 Mar 2009 02 Oct 2023 Director British 0 - 20 (0.0%)
Resigned Antony John WILDE 16 Feb 2001 31 Dec 2017 Director British 0 - 20 (0.0%)
Resigned James Murray HUTCHISON 16 Feb 2001 18 Jan 2010 Financial Director British 5 - 100 (0.0%)
Resigned Michael Roy STAKOL 03 Jul 2000 28 Jan 2015 Company Director British 0 - 62 (33.3%)
Resigned Hans Jorg FURRER 01 Mar 1997 02 Sep 2020 Company Director Swiss 0 - 40 (0.0%)
Resigned Robert LINDBORG 01 Mar 1997 31 Dec 2000 Financial Controller British 0 - 20 (0.0%)
Resigned Mario MAINETTI 01 Mar 1997 14 Jun 2010 Manager Italian 0 - 30 (0.0%)
Resigned Alasdair MCINTOSH 01 Mar 1997 28 Jul 2000 Company Director British 0 - 10 (0.0%)
Resigned Joseph Godefridus Maria SMITS 01 Mar 1997 31 Dec 2011 Company Director Dutch 0 - 81 (12.5%)
Resigned COMBINED SECRETARIAL SERVICES LIMITED 16 Dec 1996 16 Dec 1996 0 - 129355491 (42.5%)
Resigned COMBINED NOMINEES LIMITED 16 Dec 1996 16 Dec 1996 0 - 70633011 (42.6%)
Resigned Nigel Edward MELVILLE 16 Dec 1996 01 Mar 1997 Company Director British 0 - 124 (33.3%)
Resigned George BROWN 16 Dec 1996 01 Mar 1997 Director British 0 - 50 (0.0%)
Resigned COMBINED SECRETARIAL SERVICES LIMITED 16 Dec 1996 16 Dec 1996 0 - 129355491 (42.5%)
Number of active directors: 3
Average tenure of active directors: 12.1 years
Average tenure of resigned directors: 8.2 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
LONGRIDGE TOWERS SCHOOL (01675232) - Active
MAINETTI HANGER GROUP MANAGEMENT SERVICES LIMITED (06607643) - Active
ST. MARY'S SCHOOL, MELROSE (SC023577) - Active
RYDOAK LIMITED (SC102686) - Active
MAUNA HOLDINGS LIMITED (SC170659) - Active
MAINETTI (UK) LIMITED (SC170666) - Active
DEAN PARK INVESTMENTS LIMITED (SC614443) - Active
CASTLE DEVELOPMENTS HOLDINGS LIMITED (SC614781) - Active
LONGHAUGH DEVELOPMENTS LIMITED (SC614788) - Active
FAIRMUIR DEVELOPMENTS LIMITED (SC628255) - Active
GREYSTONE ESTATES (DUNDEE) LIMITED (SC669274) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-12-16
MAUNA HOLDINGS LTDORDINARY11,499,999
100.0%
WM. BROWN (REGISTRARS) LTDORDINARY1
0.000%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MAINETTI (UK) LIMITED

no controlled companies

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
2020-01-01 2020-06-30 61 54% 64% 34779
2019-07-01 2019-12-31 54 38% 49% 26952
2019-01-01 2019-06-30 51 39% 51% 19496
2018-07-01 2018-12-31 39 20% 33% 11505
2018-01-01 2018-06-30 40 16% 29% 3473


COURT CASES


Date Title Reference Subject
2012-10-24 Mainetti (UK) Ltd v Hangerlogic UK Limited [2012] EWPCC 42

PATENTS


Title Date filed Status Publication number
A garment hanger 2016-10-19 Awaiting First Examination GB2558509
A tag 2016-07-14 Pending GB2552213
A garment hanger 2015-10-19 Awaiting Applicant's Response GB2543507
A hook for a garment hanger 2013-11-18 Granted GB2520333
A hook for a garment hanger 2013-11-18 Pending GB2536540
A hook for a garment hanger 2013-11-18 Pending GB2550527
Garment hanger with display member and RFID tag 2012-10-26 Granted GB2507323
Garment hanger with data reader and display device 2012-05-18 Granted GB2504059
A Method of Mounting a Garment on a Hanger 2011-01-05 Granted GB2487057
Display wrapper for garments hung on a garment hanger 2011-01-05 Granted GB2520640
Garment Hanger 2010-11-12 Granted GB2485391
Device for suspending a box from a rail and method of recycling such a device 2010-05-26 Granted GB2480645
A garment hanger having a plurality of hinged supporting means 2008-07-10 Terminated GB2450993
Security device for use with a bottle 2007-11-22 Terminated GB2454894
Packaging container and method of packaging one or more articles in a container 2007-04-05 Terminated GB2450432
A method of forming a garment hanger 2007-03-28 Granted GB2449202
A garment hanger for lingerie 2006-10-13 Granted GB2442806
A connector for attaching two hangers 2006-10-13 Granted GB2442804
Clip 2005-11-09 Terminated GB2432182
Size indicator moulded to garment hanger suspension hook 2005-09-28 Granted GB2430613
Clip hanger 2004-11-17 Granted GB2420271
Footwear hanger 2004-03-31 Granted GB2412578
Footwear hanger 2004-01-09 Granted GB2409807
Apparatus and method for removing adhesive labels from garment hangers 2002-01-30 Ceased GB2383943
Foldable garment hanger 2001-12-06 Ceased GB2382767
Expanding garment hanger 2001-05-17 Granted GB2378128
Garment hanger with movable hook 2000-12-19 Terminated GB2371219
Footwear hanger 1999-10-15 Granted GB2355181
Attachment for a garment hanger 1999-04-10 Terminated GB2349909
Tie hanger 1999-04-01 Terminated GB2348362
Removable label for garment hanger 1998-11-24 Terminated GB2344098
Garment hanger 1998-10-27 Granted GB2343370
Display hanger and interconnected packs thereon 1997-11-25 Granted GB2331499
Garment hanger 1996-08-09 Ceased GB2304563
A garment hanger and a method of making same 1994-06-15 Terminated GB2290226
A hanger 1994-05-10 Terminated GB2289213
A garment hanger 1994-01-10 Ceased GB2285574
A garment hanger 1993-06-15 Ceased GB2268054
An expandable garment hanger 1993-06-15 Ceased GB2291343
A trouser hanger 1993-04-23 Terminated GB2277255
A hanger 1992-12-23 Ceased GB2273867
A moulding for receiving a former to produce a garment support, and a moulded clip therefor 1991-08-12 Granted GB2259108
Garment hanger 1991-02-25 Ceased GB2252902
Garment hangers 1983-05-23 Ceased GB2120542

COMPETITORS

(Based on Sic code: 20160 Manufacture of plastics in primary forms)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
LUCITE INTERNATIONAL UK LIMITED CASSEL WORKS, NEW ROAD, BILLINGHAM, ENGLAND, TS23 1LE 03830161 2018-03-31 392,900,000 55,200,000
POLYPIPE LIMITED 4 VICTORIA PLACE, HOLBECK, LEEDS, ENGLAND, LS11 5AE 01099323 2017-12-31 389,400,000 57,600,000
BASELL POLYOLEFINS UK LIMITED CARRINGTON SITE, URMSTON, MANCHESTER, M31 4AJ 02811230 2017-12-31 280,534,000 45,977,000
VICTREX MANUFACTURING LIMITED VICTREX TECHNOLOGY CENTRE, HILLHOUSE INTERNATIONAL, THORNTON CLEVELEYS, LANCASHIRE, FY5 4QD 02845018 2018-09-30 222,100,000 65,300,000
VITA CELLULAR FOAMS (UK) LIMITED OLDHAM ROAD, MIDDLETON, MANCHESTER, M24 2DB 00621497 2017-12-31 138,720,207 2,131,710
RECTICEL LIMITED BLUEBELL CLOSE, CLOVER NOOK INDUSTRIAL PARK, ALFRETON, DERBYSHIRE., DE55 4RD 00665376 2017-12-31 133,881,000 -114,000
ADVANCED ELASTOMER SYSTEMS LIMITED TRASTON ROAD, (OFF CORPORATION ROAD), NEWPORT, SOUTH WALES, UNITED KINGDOM, NP19 4XF 02512288 2017-12-31 130,736,000 20,486,000
NIPPON GOHSEI UK LTD. SUITE 5 2ND FLOOR BULMAN HOUSE REGENT CENTRE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 3LS 04181436 2018-03-31 130,409,000 14,807,000
PPG INDUSTRIES (UK) LIMITED NEEDHAM ROAD, STOWMARKET, SUFFOLK, UNITED KINGDOM, IP14 2AD 02110620 2017-12-31 122,301,000 2,174,000 20301-Manufacture of paints, varnishes and similar coatings, mastics and sealants
DU PONT (U.K.) LIMITED 4TH FLOOR KINGS COURT, LONDON ROAD, STEVENAGE, HERTFORDSHIRE, UNITED KINGDOM, SG1 2NG 04556216 2017-12-31 74,800,000 4,766,000
SCOTT BADER UK LIMITED WOLLASTON HALL, WOLLASTON, WELLINGBOROUGH, NORTHANTS, UNITED KINGDOM, NN29 7RL 04562724 2017-12-31 73,525,000 633,000
ALLNEX RESINS UK LIMITED 7 ALBEMARLE STREET, LONDON, ENGLAND, W1S 4HQ 05235281 2017-12-31 45,837,000 6,827,000
INVIBIO LIMITED VICTREX TECHNOLOGY CENTRE HILLHOUSE INTERNATIONAL, THORNTON, CLEVELEYS, LANCASHIRE, FY5 4QD 04088050 2018-09-30 43,689,000 28,143,000
MAINETTI (UK) LIMITED ANNFIELD ESTATE, OXNAM ROAD, JEDBURGH, TD8 6NN SC170666 2017-12-31 24,968,155 -561,209
ROYDON GROUP PLC UNITS 1-3 JUNCTION ECO PARK, RAKE LANE, SWINTON, M27 8LU 06890221 2017-10-31 15,179,787 0
VICTREX PLC VICTREX TECHNOLOGY CENTRE, HILLHOUSE INTERNATIONAL, THORNTON CLEVELEYS, LANCASHIRE, FY5 4QD 02793780 0000-00-00 0 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
MAINETTI (UK) LIMITED 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 0.8% 3.8% 7.5% Medium
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