CLYDE UNION LIMITED

149 NEWLANDS ROAD, CATHCART, GLASGOW, G44 4EX

Previous name: CLYDE PUMPS LIMITED (changed on 13-Nov-2008)
Previous name: ALPHA BIDCO LIMITED (changed on 09-May-2007)
Previous name: DUNWILCO (1433) LIMITED (changed on 03-May-2007)

Company Number: SC317760
Incorporation date: 05-Mar-2007
Status: Active
Entity type: Private Limited Company

SIC codes:
28131 Manufacture of pumps

SUMMARY

This company is 17.1 years old and is currently active. It is controlled by Clyde Union (Holdings) Limited. The company has positive equity (net assets) of GBP 6.2 million which has increased from GBP 6 million in the previous year. The latest reported revenue figure is GBP 49.9 million which is up 30% on previous year's figure of GBP 38.2 million. Retained earnings is negative (GBP -4.5 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 4 active officers (directors or partners) who are or were officers of 12 other companies. 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-Sep-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Net Profit GBP
31-Dec-2018	GBP	49,903,000	1,012,000
31-Dec-2017	GBP	38,154,000	-7,774,000
31-Dec-2016	GBP	45,195,000	-11,243,000
31-Dec-2015	GBP	74,095,000	-1,102,000	418,000
31-Dec-2014	GBP	104,763,000	5,238,000	501,000
31-Dec-2013	GBP	109,195,000	-3,851,000	2,667,000	-7,551,000

Balance Sheet Financials:

Year end	Currency	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2018	GBP	1,870,000	8,840,100	-4,518,800	6,191,300
31-Dec-2017	GBP	1,870,000	8,840,100	-4,695,000	6,015,100
31-Dec-2016	GBP	1,870,000	8,840,100	-3,901,100	6,809,000
31-Dec-2015	GBP	18,700,000	88,401,000	-26,268,000	80,833,000
31-Dec-2014	GBP	18,700,000	88,401,000	-24,000	82,933,000
31-Dec-2013	GBP	18,700,000	88,401,000	-28,722,000	78,379,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2016	GBP	-900.00%	-96,390,900	107,101,000	10,710,100	58,905,550

* 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)
Resigned	Thomas James BROWN	15 May 2007	06 Sep 2013			0 - 29
Resigned	D.W. COMPANY SERVICES LIMITED	05 Mar 2007	15 May 2007			6 - 933

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Christopher Allen MCVICKER	30 Mar 2020		Accountant	American	11 - 2	0 (0.0%)
Active	Clare-Frances BRADSHAW	30 Mar 2020		Solicitor	British	10 - 2	0 (0.0%)
Active	Ian Allister PEARSON	30 Mar 2020		Finance Director	British	10 - 0	0 (0.0%)
Active	Timothy Martin OLD	30 Mar 2020		Vice President, Service Operations	British	11 - 2	0 (0.0%)
Resigned	Peter James RYAN	31 Jul 2019	30 Mar 2020	Lawyer	American	10 - 11	2 (9.5%)
Resigned	Jaime Manson EASLEY	17 Dec 2018	30 Mar 2020	Corporate Controller	American	10 - 6	2 (12.5%)
Resigned	Paul Andrew CAHILL	26 Sep 2015	30 Mar 2020	Accountant	British	4 - 22	7 (26.9%)
Resigned	Stephen TSORIS	03 Apr 2015	31 Jul 2019	Director	American	0 - 27	9 (33.3%)
Resigned	Darren Howl DICKSON	25 Jan 2013	31 Mar 2015	Vice President	American	0 - 5	1 (20.0%)
Resigned	Jeremy Wade SMELTSER	31 May 2012	17 Dec 2018	Cfo, Spx Flow, Inc.	American	0 - 40	15 (37.5%)
Resigned	Patrick Joseph O'LEARY	22 Dec 2011	31 May 2012	Business Director	American	2 - 59	31 (50.8%)
Resigned	Balkar SOHAL	22 Dec 2011	26 Sep 2015	Chartered Accountant	English	1 - 26	10 (37.0%)
Resigned	Mark Edward SHANAHAN	22 Dec 2011	30 Mar 2020	Director	British	8 - 26	11 (32.4%)
Resigned	Kevin Lucius LILLY	22 Dec 2011	03 Apr 2015	Director	American	0 - 24	12 (50.0%)
Resigned	Francis Gerard BARRETT	11 Jun 2009	22 Dec 2011	Plant Director	British	8 - 9	10 (58.8%)
Resigned	John Millar FLEMING	11 Jun 2009	22 Dec 2011	Managing Director,Water & Industrial Business Unit	British	0 - 1	0 (0.0%)
Resigned	Mark HANNIGAN	11 Jun 2009	22 Dec 2011	Business Unit Managing Director-Conventional Power	British	1 - 3	1 (25.0%)
Resigned	Brian Frederick SCORER	11 Jun 2009	22 Dec 2011	Aftermarket Director	British	0 - 3	1 (33.3%)
Resigned	Keith Lewis MITCHELL	15 Jul 2008	22 Dec 2011	Company Director	British	4 - 23	8 (29.6%)
Resigned	Allan Cameron DOWIE	15 Jul 2008	16 Nov 2012	Finance Director	British	0 - 25	15 (60.0%)
Resigned	Crawford Ferguson GORRIE	14 Jun 2007	22 Dec 2011	Engineering Director	British	0 - 8	0 (0.0%)
Resigned	Stephen GILBEY	14 Jun 2007	22 Dec 2011	Sales & Marketing Director	British	0 - 2	0 (0.0%)
Resigned	Gavin NICOL	21 May 2007	31 May 2008	Managing Director	British	0 - 4	0 (0.0%)
Resigned	Dennis GALLACHER	21 May 2007	04 Jul 2008	Accountant	British	1 - 11	6 (50.0%)
Resigned	Thomas BURLEY	21 May 2007	22 Dec 2011	Managing Director	British	2 - 5	0 (0.0%)
Resigned	James Allan MCCOLL	01 May 2007	22 Dec 2011	Company Director	British	8 - 60	22 (32.4%)
Resigned	James Graham LEES	01 May 2007	06 Sep 2007	Director	British	0 - 51	18 (35.3%)
Resigned	D.W. DIRECTOR 1 LIMITED	05 Mar 2007	01 May 2007			0 - 227	119 (52.4%)

Number of active directors: 4
Average tenure of active directors: 4.1 years
Average tenure of resigned directors: 3.1 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Christopher Allen MCVICKER	Clare-Frances BRADSHAW	Ian Allister PEARSON	Timothy Martin OLD
CLYDE UNION DB LIMITED (00331925) - Active	✔	✔	✔	✔
POWER & ENERGY INTERNATIONAL LIMITED (12297075) - Active	✔		✔	✔
CELEROS FLOW TECHNOLOGY UK LIMITED (12417351) - Active	✔	✔	✔	✔
FLOW UK REAL ESTATE HOLDINGS LIMITED (12417465) - Active	✔	✔	✔	✔
CLEAR UK HOLDINGS LIMITED (14704718) - Active	✔	✔		✔
CLEAR UK SUB LIMITED (14726430) - Active	✔	✔		✔
CLYDE UNION (HOLDINGS) LIMITED (SC317525) - Active	✔	✔	✔	✔
CLYDE UNION LIMITED (SC317760) - Active	✔	✔	✔	✔
MATHER & PLATT MACHINERY LIMITED (SC324717) - Active	✔	✔	✔	✔
GIRDLESTONE PUMPS LIMITED (SC324718) - Active	✔	✔	✔	✔
CLYDE UNION CHINA HOLDINGS LIMITED (SC325345) - Active	✔	✔	✔	✔
CLYDE UNION (INDONESIA) (HOLDINGS) LIMITED (SC391814) - Active	✔	✔	✔	✔
MONTROSE PMP LIMITED (SC785805) - Active	✔	✔		✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2016-03-05	2015-03-05	2014-03-05	2013-03-05	2012-03-05
CLYDE UNION (HOLDINGS) LIMITED	ORDINARY	18,700,001 100%	18,700,001 100%	18,700,001 100%	0 0%	0 0%
CLYDE UNION (HOLDINGS) LTD	ORDINARY	0 0%	0 0%	0 0%	18,700,000 100%	18,700,000 100%

SHAREHOLDINGS (BETA)

Company name	Share class	Shares at confimation date
Company name	Share class	2020-06-12	2016-06-12	2015-06-12	2014-06-12	2013-06-12
CLYDE UNION LIMITED	ORDINARY	101 100%	100 100%	100 100%	100 100%	100 100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - >75%:Apollo Global Management, Inc. (4382726 - Delaware, Usa) ceased
  >75%:Celeros Flow Technology Uk Limited (12417351 - United Kingdom) active
- - >75%:Spx Flow, Inc. - active
    >75%:Johnston Ballantyne Holdings Limited (07787656 - United Kingdom) ceased
  - >75%:Spx Flow, Inc. (5673295 - United States) active
  >75%:Spx Clyde Uk Limited (07788493 - United Kingdom) ceased
>75%:Clyde Union (Holdings) Limited (Sc317525 - United Kingdom) active

Controlling entities above

CLYDE UNION LIMITED

Controlled companies below

>75%:GIRDLESTONE PUMPS LIMITED (SC324718 - UK) active
>75%:MATHER & PLATT MACHINERY LIMITED (SC324717 - UK) active
>75%:CLYDE UNION CHINA HOLDINGS LIMITED (SC325345 - UK) active

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
2023-07-01	2023-12-31	75	28%	45%	79062
2023-01-01	2023-06-30	70	15%	30%	71723
2022-07-01	2022-12-31	67	19%	33%	66171
2022-01-01	2022-06-30	64	19%	27%	62594
2021-07-01	2021-12-31		%	%	56145
2021-07-01	2021-12-31	74	18%	29%	56146
2021-01-01	2021-07-03	66	19%	26%	49757
2020-07-01	2020-12-31	61	24%	24%	42674
2020-01-01	2020-06-30	47	37%	33%	38034
2019-07-01	2019-12-31	46	16%	39%	31134
2019-01-01	2019-06-30	64	52%	47%	24477
2018-06-01	2018-12-31	51	45%	44%	13117
2018-01-01	2018-06-30	51	46%	64%	8707

COURT CASES

No Court Cases found

PATENTS

Title	Date filed	Status	Publication number
Pump and method of taking up clearance	2014-08-27	Granted	GB2532916
Device for indicating the axial position of a pump rotor shaft	2010-04-30	Granted	GB2479929
A mounting assembly for a vibrating apparatus and an appratus incorporating such a mounting assembly	2007-10-19	Ceased	GB2443305
Pump with trimmable impeller	2005-09-02	Granted	GB2417988
Split casing for a multi-stage pump	2005-01-10	Granted	GB2410297
Pump assembly	2002-07-19	Granted	GB2379718
Downhole gas compression	2000-06-03	Granted	GB2362901
Improvements in downhole pumps	1998-02-25	Granted	GB2324108

COMPETITORS

(Based on Sic code: 28131 Manufacture of pumps)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
SPIRAX-SARCO ENGINEERING PLC	CHARLTON HOUSE CIRENCESTER ROAD, CHARLTON KINGS, CHELTENHAM, GLOUCESTERSHIRE, UNITED KINGDOM, GL53 8ER	00596337	2017-12-31	901,300,000	609,500,000
EDWARDS LIMITED	INNOVATION DRIVE, BURGESS HILL, WEST SUSSEX, ENGLAND, RH15 9TW	06124750	2017-12-31	575,219,000	280,832,000
XYLEM WATER SOLUTIONS UK LTD	PRIVATE ROAD 1, COLWICK, NOTTINGHAM, NG4 2AN	00479504	2017-12-31	156,411,000	-3,783,000	52220-Service activities incidental to water transportation
SPIRAX-SARCO LIMITED	CHARLTON HOUSE, 15 CIRENCESTER ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL53 8ER	00509018	2017-12-31	128,175,000	10,759,000
GRUNDFOS PUMPS LIMITED	GROVEBURY ROAD, LEIGHTON BUZZARD, BEDFORDSHIRE, LU7 4TL	00805960	2017-12-31	121,023,000	6,250,000
SULZER PUMPS (UK) LIMITED	MANOR MILL LANE, LEEDS, WEST YORKSHIRE, LS11 8BR	02070346	2017-12-31	120,788,000	4,761,000
EDWARDS HIGH VACUUM INTERNATIONAL LIMITED	INNOVATION DRIVE, BURGESS HILL, WEST SUSSEX, ENGLAND, RH15 9TW	01148654	2017-12-31	103,358,000	8,314,000
WATSON-MARLOW LIMITED	WATSON-MARLOW LTD BICKLAND WATER ROAD, TREGONIGGIE, FALMOUTH, CORNWALL, TR11 4RU	02481019	2017-12-31	58,322,015	9,944,877
WEIR ENGINEERING SERVICES LIMITED	10TH FLOOR, 1, WEST REGENT STREET, GLASGOW, SCOTLAND, G2 1RW	SC033381	2017-12-31	56,406,000	3,553,000	33120-Repair of machinery 33190-Repair of other equipment 71122-Engineering related scientific and technical consulting activities
GOODWIN INTERNATIONAL LIMITED	IVY HOUSE FOUNDRY,, HANLEY,, STOKE ON TRENT, ST1 3NR	00468115	2018-04-30	42,155,940	5,151,640	28140-Manufacture of taps and valves 28290-Manufacture of other general-purpose machinery not elsewhere classified
CLYDE UNION LIMITED	149 NEWLANDS ROAD, CATHCART, GLASGOW, G44 4EX	SC317760	2017-12-31	38,154,000	-7,939,000
CHARLES AUSTEN PUMPS LIMITED	100 ROYSTON RD, BYFLEET, WEYBRIDGE, SURREY, KT14 7NY	00577254	2018-04-30	12,915,348	0
HMD SEAL/LESS PUMPS LIMITED	MARSHALL ROAD, HAMPDEN PARK, EASTBOURNE, SUSSEX, BN22 9AN	00423114	2017-12-31	12,770,816	0	28132-Manufacture of compressors
AEP COMPRESSED AIR TECHNOLOGIES LIMITED	DEVONSHIRE ROAD, HEATHPARK INDUSTRIAL ESTATE, HONITON, DEVON, EX14 1SG	01227271	2017-08-31	3,819,751	0	28132-Manufacture of compressors
COUNTY PUMPS LIMITED	FINSBURY HOUSE, NEW STREET, CHIPPING NORTON, OXON, OX7 5LL	01297526	2018-03-31	696,708	0	28132-Manufacture of compressors
WILLIAMSON PUMPS LIMITED	UNIT 2 CENTENARY IND EST, HUGHES ROAD, BRIGHTON, ENGLAND, BN2 4AW	01972664	2017-12-31	565,223	0
POWERWISE INK PUMPS UK LIMITED	128 CONGLETON ROAD, SANDBACH, CHESHIRE, CW11 1DN	04523509	2018-12-31	52,371	0	28132-Manufacture of compressors

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
CLYDE UNION LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	Too few competitors


Age	0.4%	1.7%	3.3%	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