Company Identification Detail
|
Subject Reported on
|
WARTSILA WATER SYSTEMS LIMITED
|
|
Registration Number
|
00713227
|
|
VAT Number
|
GB834875785
|
|
Address
|
FLEETS CORNER, POOLE, DORSET,
BH17 0JT.
|
|
Telephone
|
01202 662600
|
|
Email
|
info@hamworthykse.com
|
|
Web Address
|
www.hamworthykse.com
|
Payment
Behaviour
|
Indicator in Poor zone -
Stricter payment terms and close supervision of the account is recommended.
Indicator in Normal zone -
Will need chasing from time to time.
Indicator in Good zone -
Likely to pay invoices on or near to due date.
|
|
Payment Comparisons
|
The graph comparison (right) shows how the subject company may pay its
creditors in comparison to companies of a similar size and to companies in
the same industry. The scores range from zero indicating the worst payment
record and 100 being the most prompt record.
|
|
Official
Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
00713227
|
|
VAT Number
|
GB834875785
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
18/01/1962
|
|
Registered Office
|
FLEETS CORNER, POOLE, DORSET,
BH17 0JT.
|
|
History
|
19/04/2012 : Change of name from HAMWORTHY WATER SYSTEMS LIMITED.
|
|
|
14/09/2006 : Change of name from HAMWORTHY WASTEWATER SYSTEMS
LIMITED.
|
|
|
2/08/2004 : Change of name from HAMWORTHY KSE LIMITED.
|
|
|
13/06/2003 : The Registered Office address changed from FLEETS
CORNER, POOLE, DORSET, BH17 0LA.
|
|
|
9/02/1999 : Change of name from HAMWORTHY PUMPS & COMPRESSORS
LIMITED.
|
|
|
13/06/1997 : The Registered Office address changed from FLEETS
CORNER, POOLE, DORSET, BH17 7LA, BH17.
|
|
Date of Last Annual Return to Registry
|
16/05/2012
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/03/2011
|
|
Accounting Reference Date
|
31/03
|
Operations
|
Activities
|
The design, manufacture and sale of equipment for marine and
offshore applications.
|
|
Nace Code
|
2912
|
|
Premises
|
Owned,Offices,Warehouse
|
|
Staff Employed
|
137
|
|
Trade Names
|
HAMWORTHY FLUID INNOVAT'N
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
BARCLAYS BANK PLC
|
|
Address
|
LONDON.
|
|
Sort Code
|
209900
|
|
Auditors
|
Deloitte LLP
|
|
Branches
|
FACTORY IN CHINA.
|
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
5
|
9
|
16
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
29/06/2012
|
Miscellaneous
|
|
15/06/2012
|
Miscellaneous
|
|
31/05/2012
|
Miscellaneous
|
|
18/05/2012
|
Miscellaneous
|
|
11/05/2012
|
Miscellaneous
|
|
18/02/2012
|
Miscellaneous
|
|
06/02/2012
|
Miscellaneous
|
|
06/02/2012
|
Miscellaneous
|
|
18/01/2012
|
Miscellaneous
|
|
23/11/2011
|
Miscellaneous
|
|
25/10/2011
|
Miscellaneous
|
|
18/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
15/08/2011
|
Miscellaneous
|
|
15/08/2011
|
Miscellaneous
|
|
26/07/2011
|
Miscellaneous
|
|
18/06/2011
|
Miscellaneous
|
Public
Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish Decrees are recorded in our file.
|
Summary
of Mortgages, Charges and Satisfactions
|
Total Number of Mortgages/Charges Registered
|
5
|
|
Number Outstanding
|
0
|
|
Number Partially Satisfied
|
1
|
|
Number Satisfied
|
4
|
|
|
|
|
Date of Latest Mortgage Created
|
08/06/2009
|
|
Date of Latest Partial Satisfaction
|
08/04/2003
|
|
Date of Latest Satisfaction
|
07/02/2012
|
Details
of most recent Mortgages, Charges and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
07/02/2012
|
17/06/2009
|
08/06/2009
|
Debenture
|
395
|
Barclays Bank Plc
|
|
|
21/02/2003
|
05/02/2003
|
Debenture
|
395
|
Barclays Bank Plc,As Security Agent For The Beneficiaries
|
|
15/06/2002
|
23/03/2001
|
13/03/2001
|
A First Supplemental Deed Between Amongst Others, The Company....
|
395
|
Deutsche Bank Ag, London,
On Behalf Of Itself And The Financ
|
|
15/06/2002
|
02/01/2001
|
21/12/2000
|
A Composite Guarantee And Debenture Between Amongst Others, The....
|
395
|
Deutsche Bank Ag, London,
On Behalf Of Itself And The Financ
|
|
19/12/2000
|
10/09/1962
|
21/08/1962
|
Supplemental Trust Deed
|
N/A
|
The Prudential Assurance Company Ltd
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other
Filings and Notices
|
19/04/2012
|
Companies House Gazette
|
Change of name
|
|
18/04/2012
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
23/04/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
16/04/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
08/09/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
01/09/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
14/06/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
08/05/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
22/12/2000
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
27/10/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
13/04/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
30/07/1994
|
Companies House Gazette
|
Change among directors of a company
|
|
12/01/1994
|
Companies House Gazette
|
Change among directors of a company
|
|
08/10/1992
|
Companies House Gazette
|
Change among directors of a company
|
|
01/03/1990
|
Companies House Gazette
|
Change among directors of a company
|
|
30/11/1988
|
Companies House Gazette
|
Change among directors of a company
|
|
05/10/1988
|
Companies House Gazette
|
Documents delivered by a company under section 241 (annual accounts)
|
|
18/05/1988
|
Companies House Gazette
|
Change in the situation of a company's registered office
|
|
18/05/1988
|
Companies House Gazette
|
Change among directors of a company
|
|
11/05/1988
|
Companies House Gazette
|
Change among directors of a company
|
Company
Secretary
|
Secretary
|
MR PETER GRAHAM DAWES
|
|
Service Address
|
QUEEN'S ACRE, 4 SPENCER ROAD CANFORD CLIFFS, POOLE, DORSET, BH13
7EU.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
23/03/1948
|
|
Appointment Date
|
01/04/2006
|
Directors
|
Director
|
DR JOSEPH THOMAS
|
|
Service Address
|
21 BUCKLANDS GARDENS, LYMINGTON, HAMPSHIRE, SO41 8QL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
28/08/1962
|
|
Appointment Date
|
04/04/2008
|
|
Director
|
MR TIMO KOPONEN
|
|
Service Address
|
FLEETS CORNER, POOLE, DORSET,
BH17 0JT.
|
|
Country of Origin
|
FINLAND
|
|
Date of Birth
|
30/03/1969
|
|
Appointment Date
|
18/04/2012
|
|
Other Directorships
|
JOHN MILLS & SONS (NEWCASTLE)
LIMITED, SHIPHAM VALVES LIMITED, WARTSILA VALVES LIMITED, WARTSILA
HAMWORTHY INTERNATIONAL LIMITED, LEEDS VALVE CO.
LIMITED, WARTSILA KRYSTALLON LIMITED, AW FLOW HOLDINGS
LIMITED, ROBERT CORT VALVES LIMITED, ROBERT CORT LIMITED
|
|
Director
|
MR JUHA KAARLO KYTOLA
|
|
Service Address
|
FLEETS CORNER, POOLE, DORSET,
BH17 0JT.
|
|
Country of Origin
|
FINLAND
|
|
Date of Birth
|
06/11/1964
|
|
Appointment Date
|
15/06/2012
|
Share
Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
25,000
|
|
Principal Shareholder
|
25,000 Wartsila Hamworthy Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
WARTSILA HAMWORTHY LIMITED
|
|
Ultimate Parent
|
WARTSILA HAMWORTHY LIMITED
|
General
Information
|
PRESS INFORMATION 31.01.12: Wärtsilä's acquisition of the
British-headquartered, global engineering company Hamworthy plc has today
become effective. This acquisition is a major step in Wärtsilä's strategy to
strengthen its position as a total solutions provider, and to be the most
valued partner for its customers with a complete range of products,
integrated solutions, and services to the marine and offshore industries.
Wärtsilä announced the recommended cash offer for Hamworthy in
November last year.
|
Financial
Data– Statutory Accounts
|
The following figures are shown in units
of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2011
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
42097
|
41943
|
38020
|
32020
|
|
UK sales
|
|
8699
|
8384
|
|
|
Export
|
|
33244
|
29636
|
|
|
Cost of goods sold
|
28098
|
29461
|
26056
|
22073
|
|
GROSS PROFIT
|
13999
|
12482
|
11964
|
9947
|
|
Wages and Salaries
|
4917
|
4957
|
4948
|
4435
|
|
Directors Emoluments
|
204
|
212
|
165
|
148
|
|
Auditors Fees
|
35
|
40
|
40
|
25
|
|
Trading Profit
|
5547
|
4994
|
5200
|
3985
|
|
Depreciation
|
94
|
159
|
96
|
103
|
|
OPERATING PROFIT
|
5453
|
4835
|
5104
|
3882
|
|
Interest Payable
|
3
|
43
|
220
|
376
|
|
PRE TAX PROFIT
|
5450
|
4792
|
4884
|
3506
|
|
Taxation
|
900
|
1428
|
1422
|
563
|
|
PROFIT AFTER TAX
|
4550
|
3364
|
3462
|
2943
|
|
Dividends Payable
|
4200
|
3200
|
3500
|
2900
|
|
RETAINED PROFITS
|
350
|
164
|
(38)
|
43
|
|
The following figures are shown in units
of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2011
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
3846
|
4126
|
4517
|
4805
|
|
Tangible Assets
|
397
|
384
|
482
|
477
|
|
Fixed Assets
|
397
|
384
|
482
|
477
|
|
Intangible Assets
|
3449
|
3742
|
4035
|
4328
|
|
TOTAL CURRENT ASSETS
|
11757
|
17279
|
17176
|
12295
|
|
Trade debtors
|
4051
|
5518
|
3838
|
4429
|
|
Stocks
|
5310
|
10055
|
10396
|
6305
|
|
Other Current Assets
|
2396
|
1706
|
2942
|
1561
|
|
Misc Current Assets
|
554
|
598
|
1341
|
405
|
|
Due From Group
|
1816
|
875
|
1431
|
1150
|
|
Cash
|
26
|
233
|
170
|
6
|
|
TOTAL ASSETS
|
15603
|
21405
|
21693
|
17100
|
|
TOTAL CURRENT LIABILITIES
|
13015
|
19297
|
20461
|
15956
|
|
Trade creditors
|
2154
|
2086
|
3052
|
1673
|
|
Short Term Loans
|
6786
|
7197
|
8813
|
10513
|
|
Bank Overdraft
|
|
|
|
450
|
|
Due To Group
|
6786
|
7197
|
8813
|
10063
|
|
Other Liabilities
|
4075
|
10014
|
8596
|
3770
|
|
WORKING CAPITAL
|
(1258)
|
(2018)
|
(3285)
|
(3661)
|
|
TOTAL LONG TERM LIABS
|
1080
|
1021
|
354
|
251
|
|
Other Liabilities
|
1080
|
1021
|
354
|
251
|
|
NET ASSETS/(LIABILITIES)
|
1508
|
1087
|
878
|
893
|
|
SHARE CAPITAL + RESERVES
|
1508
|
1087
|
878
|
893
|
|
Share Cap + Sundry Res
|
977
|
936
|
891
|
868
|
|
Issued Share Capital
|
25
|
25
|
25
|
25
|
|
Sundry Reserves
|
952
|
911
|
866
|
843
|
|
Profit and Loss account
|
531
|
151
|
(13)
|
25
|
|
SHAREHOLDERS FUNDS
|
1508
|
1087
|
878
|
893
|
|
CAPITAL EMPLOYED
|
2588
|
2108
|
1232
|
1144
|
|
The following figures are shown in units
of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/03/2011
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
204
|
212
|
165
|
148
|
|
Auditors Remuneration
|
35
|
40
|
40
|
25
|
|
Liquid Assets
|
4077
|
5751
|
4008
|
4435
|
|
Net Working Capital
|
(1258)
|
(2018)
|
(3285)
|
(3661)
|
|
Other Deferred Liabs
|
1080
|
1021
|
354
|
251
|
|
Tangible Net Worth(T.N.W)
|
(1941)
|
(2655)
|
(3157)
|
(3435)
|
|
Equity
|
1508
|
1087
|
878
|
893
|
|
Number of Years Trading
|
49
|
48
|
47
|
46
|
|
Number of Employees
|
137
|
156
|
159
|
155
|
|
Profit per Employee
|
39781
|
30717.9
|
30717
|
22619.4
|
|
Sales per Employee
|
307277.4
|
268865.4
|
239119.5
|
206580.6
|
|
The following figures are shown as Ratios
or Percentages
|
|
Accounts Date
|
31/03/2011
|
31/03/2010
|
31/03/2009
|
31/03/2008
|
|
Current Ratio
|
0.9
|
0.9
|
0.8
|
0.8
|
|
Pre Tax Profit Margin%
|
12.9
|
11.4
|
12.8
|
10.9
|
|
Gross Profit%
|
33.3
|
29.8
|
31.5
|
31.1
|
|
Debtors Days (D.S.O)
|
35
|
48
|
37
|
50
|
|
Creditors Days (D.P.O)
|
19
|
18
|
29
|
19
|
|
Quick Ratio
|
0.5
|
0.4
|
0.3
|
0.4
|
|
W.I.P/Inventory Days
|
69
|
124.6
|
145.6
|
104.3
|
|
Return on Investment%
|
58.2
|
52
|
50.8
|
33.3
|
|
Return on Assets%
|
34.9
|
22.4
|
22.5
|
20.5
|
|
T.N.W/Total Assets%
|
(12.4)
|
(12.4)
|
(14.6)
|
(20.1)
|
|
Return on Capital%
|
210.6
|
227.3
|
396.4
|
306.5
|
|
Rtn on Shareholders Funds%
|
361.4
|
440.8
|
556.3
|
392.6
|
|
Working Capital/Sales%
|
(3)
|
(4.8)
|
(8.6)
|
(11.4)
|
|
Borrowing Ratio%
|
(349.6)
|
(271.1)
|
(279.2)
|
(306.1)
|
|
Equity Gearing%
|
10.7
|
5.3
|
4.2
|
5.5
|
|
Stock Turnover
|
7.9
|
4.2
|
3.7
|
5.1
|
|
Days Purchases Outstanding
|
28
|
25.8
|
42.8
|
27.7
|
|
Sales/Fixed Assets
|
106
|
109.2
|
78.9
|
67.1
|
Key Industry
Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
734
|
1074
|
1069
|
1069
|
|
Pre-Tax Profit Margin
|
7.5
|
6.9
|
5.4
|
7.8
|
|
Current Ratio
|
1.8
|
1.8
|
1.8
|
1.7
|
|
Borrowing Ratio
|
89.5
|
60.1
|
82.3
|
87.5
|
|
Return on Capital
|
25.7
|
22.6
|
17.4
|
26.7
|
|
Creditors Days
|
46
|
44
|
42
|
41
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of machinery for the production and
use of mechanical power, except engines
|
Financial
Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean opinion (i.e. unqualified with
no referrals) on the accounts for the period ended 31/03/2011.
|
|
Operating Profit
|
|
Totalled GBP 5,453,000. In the year prior a Profit of GBP 4,835,000
was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 13 % in the year.
|
|
Working Capital
|
|
The company's working capital deficiency reduced in the period and now
stands at GBP 1,258,000.
|
|
Net Worth
|
|
Net worth has increased by 39 % and now stands at GBP 1,508,000.
|
|
Fixed Assets
|
|
The subject's fixed assets reduced during the year by GBP 280,000 to
GBP 3,846,000 and are now 24 % of total assets compared with 19 % in the
previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities increased during the period by 5%
and are now 72 % of net worth compared with 94 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 7 % of total liabilities compared with
5 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 42 % of capital employed, a decrease of 6
% over the previous period.
|
|
