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ADVANCE WINDPOWER LTD
CALDERGROVE HOUSE 4 LINNET WAY, STRATHCLYDE BUSINESS PARK, BELLSHILL, LANARKSHIRE, ML4 3RACompany Number: SC451147
Incorporation date: 30-May-2013
Status: Active
Entity type: Private Limited Company
SIC codes:
28110 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
SUMMARY
This company is 10.8 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -667.2 thousand which has worsened since the previous year's figure of GBP -658.8 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -8.4 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -667.3 thousand), 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 38 other companies, 10 (26.3%) of which have since been dissolved or are proposed for strike off. 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: 28-Feb-2025Accounts Filed: TOTAL EXEMPTION FULL (31-May-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-May-2022 | GBP | 8,031 | 14,603 | 681,816 | 100 | -667,313 | -667,213 | ||
31-May-2021 | GBP | 7,690 | 14,235 | 673,037 | 100 | -658,902 | -658,802 | ||
31-May-2020 | GBP | 3,382 | 10,340 | 645,697 | 100 | -635,457 | -635,357 | ||
31-May-2019 | GBP | 6,371 | 12,659 | 624,016 | 100 | -611,457 | -611,357 | ||
31-May-2018 | GBP | 7,174 | 16,871 | 617,695 | 100 | -600,924 | -600,824 | ||
31-May-2017 | GBP | 100 | 9,671 | 586,888 | 100 | -577,317 | -577,217 | ||
31-May-2016 | GBP | 4,843 | 10,226 | 432,570 | 100 | -422,444 | -422,344 | ||
31-May-2015 | GBP | 8,936 | 16,425 | 360,523 | 100 | -344,198 | -344,098 | ||
31-May-2014 | GBP | 100 | 195,457 | 100 | -195,457 | -195,357 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Thomas DIGNALL | 28 Oct 2013 | 28 Mar 2024 | British | 1 - 0 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Thomas Bryce DIGNALL | 28 Oct 2013 | Director | British | 14 - 4 | 3 (16.7%) | |
Active | James Martin SHIELDS | 28 Oct 2013 | Director | Irish | 20 - 8 | 7 (25.0%) | |
Active | Alexander Barnard Milne BOYD | 30 May 2013 | Geologist | British | 3 - 6 | 4 (44.4%) | |
Active | Gregory David ELLIOT | 30 May 2013 | Director | Australian | 1 - 0 | 0 (0.0%) | |
Resigned | Joseph BERTONY | 30 May 2013 | 07 Apr 2019 | Design Engineer | British | 0 - 1 | 0 (0.0%) |
Average tenure of active directors: 10.6 years
Average tenure of resigned directors: 5.9 years
Average active director Dissolution Rate: 21.5%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
ADVANCE WINDPOWER LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
28110 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
CUMMINS LTD. | 3RD FLOOR 10 EASTBOURNE TERRACE, PADDINGTON, LONDON, ENGLAND, W2 6LG | 00573951 | 2017-12-31 | 1,881,633,000 | 203,163,000 | |
PERKINS ENGINES COMPANY LIMITED | EASTFIELD, FRANK PERKINS WAY, PETERBOROUGH, PE1 5FQ | 02089227 | 2017-12-31 | 1,462,211,000 | 23,593,000 | |
MHI VESTAS OFFSHORE WIND UK LTD | GROUND FLOOR 301 BRIDGEWATER PLACE, BIRCHWOOD PARK, WARRINGTON, CHESHIRE, UNITED KINGDOM, WA3 6XF | 05798594 | 2018-03-31 | 719,434,000 | 3,000,000 | |
SIEMENS INDUSTRIAL TURBOMACHINERY LIMITED | C A PARSONS WORKS, SHIELDS ROAD, NEWCASTLE UPON TYNE, ENGLAND, NE6 2YL | 04729734 | 2018-09-30 | 294,836,000 | 18,700,000 |
70100-Activities of head offices |
RWG (REPAIR & OVERHAULS) LIMITED | SIR IAN WOOD HOUSE HARENESS ROAD, ALTENS INDUSTRIAL ESTATE, ABERDEEN, SCOTLAND, AB12 3LE | SC120673 | 2017-12-31 | 159,105,000 | 16,858,000 | |
JCB POWER SYSTEMS LIMITED | LAKESIDE WORKS, ROCESTER, UTTOXETER, STAFFORDSHIRE, ST14 5JP | 04797821 | 2017-12-31 | 153,022,000 | 2,912,000 | |
MHI VESTAS OFFSHORE WIND BLADES UK LTD | WEST MEDINA MILLS, STAG LANE, NEWPORT, ISLE OF WIGHT, PO30 5TR | 09170456 | 2018-03-31 | 71,209,000 | 2,196,000 |
33190-Repair of other equipment |
W B POWER SERVICES LIMITED | HEANOR GATE ROAD, HEANOR, DERBYSHIRE, ENGLAND, DE75 7RJ | 02120023 | 2018-04-30 | 17,239,051 | 0 |
30200-Manufacture of railway locomotives and rolling stock |
SIMON BEATSON RACING LIMITED | NIDD LODGE SHROPHAM ROAD, GREAT HOCKHAM, THETFORD, ENGLAND, IP24 1NL | 10498458 | 2018-11-30 | 50,712 | 0 | |
BELLTECH ENGINEERING LTD | 234 SEAFIELD ROAD, BOURNEMOUTH, ENGLAND, BH6 5LL | 04148641 | 2018-01-31 | 21,122 | 0 |
33190-Repair of other equipment 59200-Sound recording and music publishing activities 62020-Information technology consultancy activities |
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 |
---|---|---|---|---|
ADVANCE WINDPOWER LTD | 0.7% | 3.8% | 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 | 0.5% | 2.1% | 4.2% | Medium |
Accounting Month | 0.6% | 6.1% | 8.0% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |