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MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD.

MITSUBISHI ELECTRIC AIR CONDITIONING, NETTLEHILL ROAD, HOUSTOUN INDUSTRIAL ESTATE, LIVINGSTON, EH54 5EQ

Company Number: SC191805
Incorporation date: 08-Dec-1998
Status: Active
Entity type: Private Limited Company

SIC codes:
27510 Manufacture of electric domestic appliances
28250 Manufacture of non-domestic cooling and ventilation equipment




SUMMARY

This company is 25.4 years old and is currently active. It is controlled by Mitsubishi Electric Corporation. The company has positive equity (net assets) of GBP 74 million which has increased from GBP 69.3 million in the previous year. The latest reported revenue figure is GBP 212.2 million which is up 10% on previous year's figure of GBP 194.2 million. The company has 4 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 are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2019 GBP 212,231,000 3,568,000 40,000 486,000 1,681,000 1,441,000
31-Mar-2018 GBP 194,185,000 16,812,000 29,000 573,000 2,780,000 13,488,000
31-Mar-2017 GBP 164,417,000 20,478,000 56,000 314,000 4,328,000 15,892,000
31-Mar-2016 GBP 147,147,000 18,107,000 40,000 376,000 3,667,000 14,104,000
03-Mar-2015 GBP
31-Mar-2014 GBP


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2019 GBP 7,680,000 102,270,000 38,999,000 14,900,000 54,134,000 74,034,000
31-Mar-2018 GBP 16,461,000 96,170,000 30,676,000 14,900,000 49,357,000 69,258,000
31-Mar-2017 GBP 16,580,000 90,684,000 28,279,000 14,900,000 49,357,000 69,258,000
31-Mar-2016 GBP 18,560,000 81,411,000 22,251,000 14,900,000 51,689,000 71,589,000
03-Mar-2015 GBP 9,256,000 5,000 18,000 60,539,000
31-Mar-2014 GBP 16,564,000 61,871,000 16,081,000 14,900,000 40,639,000 60,539,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2016 GBP 100.00% 14,900,000 0 14,900,000 -6,458,000
03-Mar-2015 GBP inf% -14,900,000 14,900,000 0 -5,460,000
* 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 William Robert STEWART 20 Nov 2019 18 Apr 2024 1 - 0
Resigned Peter Robert THOMLINSON 31 May 1999 20 Nov 2019 British 0 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)		 Dissolved companies
(rate)
Active Taro KATO 01 Apr 2023 Director Japanese 1 - 00 (0.0%)
Resigned Yasunori SHIDA 01 Apr 2022 31 Mar 2023 Director Japanese 0 - 10 (0.0%)
Active Masao NAGANO 01 Apr 2021 Director Japanese 1 - 00 (0.0%)
Active Masami KUSANO 01 Apr 2021 Director Japanese 1 - 00 (0.0%)
Resigned Tomohiko KASAI 01 Apr 2018 31 Mar 2022 Director Japanese 0 - 10 (0.0%)
Active Tatsuo ONO 01 Apr 2018 Director Japanese 1 - 00 (0.0%)
Resigned So SUZUKI 01 Jul 2016 31 Mar 2018 Director Japanese 0 - 10 (0.0%)
Resigned Seiji INOUE 01 Apr 2016 31 Mar 2018 Director Japanese 0 - 10 (0.0%)
Resigned Yoshihiro SUMIDA 01 Apr 2016 31 Mar 2021 Director Japanese 0 - 10 (0.0%)
Resigned Masahiko KONISHI 01 Apr 2015 31 Mar 2021 Director Japanese 0 - 20 (0.0%)
Resigned Tomohiko KASAI 01 Apr 2015 31 Mar 2016 Director Japanese 0 - 10 (0.0%)
Resigned Yoji SAITO 01 Apr 2012 31 Mar 2015 Director Japanese 0 - 50 (0.0%)
Resigned Atsuhiro YABU 01 Apr 2012 31 Mar 2016 Director Japanese 0 - 10 (0.0%)
Resigned Masafumi ANDO 01 Apr 2012 31 Mar 2015 Director Japanese 0 - 10 (0.0%)
Resigned Tetsuji OKADA 08 Jul 2010 31 Mar 2012 Director Japanese 0 - 10 (0.0%)
Resigned Masami KUSANO 01 Apr 2009 31 Mar 2012 Director Japanese 0 - 10 (0.0%)
Resigned Noboru SUGURI 01 Apr 2008 01 Apr 2011 Director Japanese 0 - 10 (0.0%)
Resigned Tomofumi TEZUKA 16 Jun 2007 01 Apr 2009 Director Japanese 0 - 10 (0.0%)
Resigned Yoshinori MIYATA 01 Apr 2007 31 Mar 2012 Director Japanese 0 - 20 (0.0%)
Resigned Seiki SAKUME 01 Apr 2006 31 Mar 2007 Director Japanese 0 - 50 (0.0%)
Resigned Shuji MORISAKI 16 Jun 2005 31 Mar 2008 Director Japanese 0 - 10 (0.0%)
Resigned Ryo KANAI 14 May 2004 01 Apr 2006 Director Japanese 0 - 20 (0.0%)
Resigned Akio FUKUSHIMA 01 Jan 2003 01 Apr 2012 Director Japanese 0 - 10 (0.0%)
Resigned Ryo KANAI 01 Apr 2001 01 Jan 2003 Director Japanese 0 - 10 (0.0%)
Resigned Kotaro HIRAISHI 16 Feb 2001 16 Jun 2007 Director Japanese 0 - 10 (0.0%)
Resigned Yukito SHIBA 16 Feb 2001 16 Sep 2004 Director Japanese 0 - 10 (0.0%)
Resigned Seiki SAKUME 16 Feb 2001 14 May 2004 Director Japanese 0 - 50 (0.0%)
Resigned Masao NISHIMURA 01 Jul 1999 01 Apr 2001 Director Japanese 0 - 31 (33.3%)
Resigned Toshio NAKAMURA 15 Jun 1999 16 Feb 2001 Chief Accountant Japanese 0 - 10 (0.0%)
Resigned Kazuaki TANI 31 May 1999 16 Feb 2001 Director British 0 - 21 (50.0%)
Resigned James Robert WILL 08 Dec 1998 31 May 1999 British 0 - 17071 (41.8%)
Resigned Iain Maury Campbell MEIKLEJOHN 08 Dec 1998 31 May 1999 British 0 - 325140 (43.1%)
Resigned Iain Maury Campbell MEIKLEJOHN 08 Dec 1998 31 May 1999 0 - 325140 (43.1%)
Number of active directors: 4
Average tenure of active directors: 3.3 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
  
MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. (SC191805) - Active ✔✔✔✔

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-12-082014-12-082013-12-082012-12-082011-12-08
MITSUBISHI ELECTRIC CORPORATIONORDINARY13,410,000
90%		0
0%		0
0%		0
0%		0
0%
MITSUBISHI ELECTRIC EUROPE B.V.ORDINARY1,490,000
10%		0
0%		0
0%		0
0%		0
0%
MITSUBISHI ELECTRIC CORPORDINARY0
0%		14,900,000
100%		14,900,000
100%		14,900,000
100%		14,900,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD.

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
2023-04-01 2023-09-30 53 11% 2% 76743
2022-10-01 2023-03-31 54 18% 2% 70983
2022-04-01 2022-09-30 50 13% 2% 64333
2021-10-01 2022-03-31 55 19% 3% 57665
2021-04-01 2021-09-30 51 44% 4% 51295
2020-10-01 2021-03-31 52 15% 7% 44350
2020-04-01 2020-09-30 36 15% 3% 37694
2019-10-01 2020-03-31 38 14% 5% 30494
2019-04-01 2019-09-30 38 17% 2% 23398
2018-10-01 2019-03-31 % % 16079
2018-10-01 2019-03-31 46 24% 1% 16096
2018-04-01 2018-09-30 42 16% 16% 7443


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 27510 Manufacture of electric domestic appliances)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
DYSON TECHNOLOGY LIMITED TETBURY HILL, MALMESBURY, WILTSHIRE, SN16 0RP 01959090 2017-12-31 3,132,300,000 450,300,000 72190-Other research and experimental development on natural sciences and engineering
WHIRLPOOL UK APPLIANCES LIMITED MORLEY WAY, PETERBOROUGH, PE2 9JB 00106725 2017-12-31 626,875,000 -1,858,000
DYSON LIMITED TETBURY HILL, MALMESBURY, WILTSHIRE, SN16 0RP 02627406 2017-12-31 374,000,000 175,100,000
KENWOOD LIMITED 1 KENWOOD BUSINESS PARK, NEW, LANE, HAVANT, HAMPSHIRE, PO9 2NH 00872044 2017-12-31 328,858,000 28,484,000
ELECTROLUX PLC ELECTROLUX, ADDINGTON WAY, LUTON, BEDFORDSHIRE, LU4 9QQ 02331516 2017-12-31 317,283,000 5,147,000
MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. MITSUBISHI ELECTRIC AIR CONDITIONING, NETTLEHILL ROAD, HOUSTOUN INDUSTRIAL ESTATE, LIVINGSTON, EH54 5EQ SC191805 2018-03-31 194,185,000 13,488,000 28250-Manufacture of non-domestic cooling and ventilation equipment
NUMATIC INTERNATIONAL LIMITED KNOLL HOUSE, KNOLL ROAD, CAMBERLEY, SURREY, GU15 3SY 00773331 2017-12-31 149,261,000 8,449,000
MAX APPLIANCES LIMITED KINGFISHER HOUSE UNIT 16, WHEEL PARK, WESTFIELD, SUSSEX, UNITED KINGDOM, TN35 4SE 03432279 2018-09-30 371,329 0
KRUSHR LIMITED 4 CHURCH LANE, STAMFORD, ENGLAND, PE9 2JU 05920288 2017-12-31 211,417 0
SIGMA H TRONICS LTD 9 CHAWORTH ROAD, OTTERSHAW, CHERTSEY, SURREY, KT16 0PE 07141351 2018-03-31 66,600 0
ELECTROCOOK LIMITED THE GREY HOUSE, THE GREY HOUSE, NETHY BRIDGE, INVERNESS-SHIRE, PH25 3EB SC515171 2019-03-31 0 0
DYSON JAMES GROUP LIMITED TETBURY HILL, MALMESBURY, WILTSHIRE, SN16 0RP 07086916 0000-00-00 0 0 70100-Activities of head offices
DYSON JAMES LIMITED TETBURY HILL, MALMESBURY, WILTSHIRE, SN16 0RP 03772814 0000-00-00 0 0 27900-Manufacture of other electrical equipment
72190-Other research and experimental development on natural sciences and engineering

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
MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE 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 0.5% 1.8% 3.9% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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