MIRA INFORM REPORT
|
Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
VAN LEEUWEN LTD. |
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Registered Office : |
Nine Lock
Works, Mill Street, Brierley Hill, DY5 2SX |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.02.1986 |
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Com. Reg. No.: |
01991207 |
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Legal Form : |
Private
Subsidiary Company |
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Line of Business : |
·
distributors
and processors of carbon and
stainless steel pipes and tubes in the United Kingdom. · Subject offers a range of hot-finished and cold drawn tubes. It stocks and sells hollow bars for machining purposes |
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No. of Employees : |
108 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the second
largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. Agriculture is intensive, highly mechanized, and
efficient by European standards, producing about 60% of food needs with less
than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance, and
business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record
during which time growth outpaced most of Western Europe. In 2008, however, the
global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and
prompting the then BROWN (Labour) government to implement a number of measures
to stimulate the economy and stabilize the financial markets; these include
nationalizing parts of the banking system, temporarily cutting taxes,
suspending public sector borrowing rules, and moving forward public spending on
capital projects. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated a five-year austerity program, which aimed to lower
London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source : CIA |
Company name & address
Van Leeuwen Ltd.
Nine Lock Works
Mill Street
Brierley Hill,
DY5 2SX
United Kingdom
(Trading Address)
Registered
Address
Tel: 01384 487600
Fax: 01384 487619
Web: www.vanleeuwen.co.uk
Synthesis
Employees: 108
Company Type: Private Subsidiary
Corporate Family: 35 Companies
Ultimate Parent: Van Leeuwen Buizen Groep B.V.
Quoted Status: Non-quoted
Company
Incorporation
Date: 19-Feb-1986
Auditor: Ernst
& Young LLP
Financials in: Usd (Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency:
British Pound Sterling
Annual Sales:
65.8 1
Net Income:
2.4
Total Assets:
31.9
Business Description
Van Leeuwen Wheeler Ltd. is one of the leading
distributors and processors of carbon and stainless steel pipes and tubes in
the United Kingdom. The company offers a range of hot-finished and cold drawn
tubes. It stocks and sells hollow bars for machining purposes. The company
supplies mechanical and bore tubes for honing and skiving applications. It also
provides chrome-plated and cast iron bars for hydraulic pipe lines. The company
offers a variety of seamless and welded pipes and square and rectangular hollow
sections. It sells stainless steel fittings and flanges. The company’s
products are used for various applications in the construction, agricultural,
pharmaceutical, automotive, oil and gas, and pulp and paper industries. It
serves the manufacturers of cylinders and industrial machines and equipment. In
addition, the company operates and maintains a warehousing facility. It
provides precision cutting, deburring and product delivery services.
Industry
Industry Metals and Minerals Wholesale
ANZSIC 2006: 3322 - Metal and Mineral Wholesaling
ISIC Rev 4: 4662 - Wholesale of metals and metal
ores
NACE Rev 2: 4672 - Wholesale of metals and metal ores
NAICS 2012: 423520 - Coal and Other Mineral and Ore
Merchant Wholesalers
UK SIC 2007: 4672 - Wholesale of metals and metal ores
US SIC 1987: 505 - Metals and Minerals, Except Petroleum
Key Executives
|
Name |
Title |
|
Olivier Delbrouck |
Managing Director |
|
Dave Jenkins |
Commercial Manager |
|
Michael Davies |
Secretary |
|
Stephen Naylor |
IT Manager |
|
Mohamed Chehab |
member of the Management Team |
Financial
Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
Location
Nine Lock Works
Mill Street
Brierley Hill,
DY5 2SX
West Midlands
County
United Kingdom
Tel: 01384 487600
Fax: 01384 487619
Web: www.vanleeuwen.co.uk
Sales GBP(mil): 41.1
Assets GBP(mil): 20.5
Employees: 108
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous Capital
Goods
Registered Address:
Nine Lock Works
Mill Street
Brierley Hill,
DY5 2SX
United Kingdom
Incorporation
Date: 19-Feb-1986
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered
No.(UK): 01991207
Managing
Director: Olivier Delbrouck
Industry Codes
ANZSIC 2006
Codes:
3322 - Metal
and Mineral Wholesaling
ISIC Rev 4 Codes:
4662 - Wholesale
of metals and metal ores
NACE Rev 2 Codes:
4672 - Wholesale
of metals and metal ores
NAICS 2012 Codes:
423520 - Coal
and Other Mineral and Ore Merchant Wholesalers
US SIC 1987:
505 - Metals
and Minerals, Except Petroleum
UK SIC 2007:
4672 - Wholesale
of metals and metal ores
Business Description
Van Leeuwen
Wheeler Ltd. is one of the leading distributors and processors of carbon and
stainless steel pipes and tubes in the United Kingdom. The company offers a
range of hot-finished and cold drawn tubes. It stocks and sells hollow bars for
machining purposes. The company supplies mechanical and bore tubes for honing
and skiving applications. It also provides chrome-plated and cast iron bars for
hydraulic pipe lines. The company offers a variety of seamless and welded pipes
and square and rectangular hollow sections. It sells stainless steel fittings
and flanges. The company’s products are used for various applications in the
construction, agricultural, pharmaceutical, automotive, oil and gas, and pulp
and paper industries. It serves the manufacturers of cylinders and industrial
machines and equipment. In addition, the company operates and maintains a
warehousing facility. It provides precision cutting, deburring and product
delivery services.
More Business Descriptions
Van Leeuwen
Wheeler Ltd. is an international industrial distributor of steel pipes, valves
and fittings to its clients in the United Kingdom. The company supplies
complete range of stainless steel pipes and tubes and section, fittings and
flanges, as well as precision pipes and tubes, bars and components for diverse
applications. Its range of pipe components include elbows, welding neck
flanges, blind and screwed flanges, concentric and eccentric, reducers, caps,
tees, saddles, forged fittings, pipe and swage nipples. Van Leeuwen Wheeler
Ltd. serves clients in petrochemical, energy, shipbuilding, machine building,
construction, infrastructure, agriculture, transport, food production and
automotive industry sectors. (Updated by OneSource Information Services)
Steel
Stockholders
The Van Leeuwen
Pipe and Tube Group is an international industrial distributor of steel pipes,
valves and fittings. We supply our products and services to companies in a wide
range of industrial sectors, including agriculture, building and
infrastructure, chemicals, energy, mechanical engineering, petrochemicals,
transport, food, and home and interior finishing. The customer is the focus of
all our activities. Stock keeping distributor We were originally stock keeping
distributors. We supply every conceivable type of pipe, pipe component and
valve in countless steel qualities and materials in accordance with an array of
international standards. Our greatest strength, however, is undoubtedly our
knowledge of products, materials and applications. Logistic specialist We add
value to our products through stock management and logistics, machining
operations and customized services. The Van Leeuwen Pipe and Tube Group is a
customer-oriented organization that is well versed in meeting customers'
specific usage and processing requirements. The service we provide is always
going to great lengths. Rock-solid network The Van Leeuwen Pipe and Tube Group
has many primarily warehousing sites located throughout Europe, Asia, the
Middle East, Australia and North America. We export to virtually every country
in the world. With this rock-solid network, the Van Leeuwen Pipe and Tube Group
is able to set the pace in its industry.
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Corporate Family |
Corporate
Structure News: |
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Van
Leeuwen Buizen Groep B.V. |
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Van Leeuwen Ltd. |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Zwijndrecht, Zuid-Holland |
Netherlands |
Banking |
845.9 |
|
|
|
|
Subsidiary |
Zwijndrecht |
Netherlands |
Construction and Hardware Materials Wholesale |
|
1,200 |
|
|
|
Subsidiary |
Deventer |
Netherlands |
Metal Products Manufacturing |
40.0 |
250 |
|
|
|
Subsidiary |
Montargis |
France |
Metal Products Manufacturing |
|
100 |
|
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|
Subsidiary |
Vilvoorde |
Belgium |
Metals and Minerals Wholesale |
82.5 |
90 |
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|
Subsidiary |
Singapore |
Singapore |
Metals and Minerals Wholesale |
|
75 |
|
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|
Subsidiary |
Edmonton, AB |
Canada |
Metals and Minerals Wholesale |
30.4 |
45 |
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Subsidiary |
Sydney, NSW |
Australia |
Metal Products Manufacturing |
51.8 |
25 |
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Division |
Canning Vale, WA |
Australia |
Metal Products Manufacturing |
|
20 |
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Subsidiary |
Mexico, DF |
Mexico |
Metal Products Manufacturing |
|
25 |
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Subsidiary |
Kuala Lumpur |
Malaysia |
Metal Products Manufacturing |
0.0 |
16 |
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Subsidiary |
Calgary, AB |
Canada |
Metal Products Manufacturing |
9.1 |
15 |
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Subsidiary |
Bangkok |
Thailand |
Metal Products Manufacturing |
|
15 |
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Facility |
Si Racha, Chon Buri |
Thailand |
Metal Products Manufacturing |
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Subsidiary |
Abu Dhabi |
United Arab Emirates |
Metal Products Manufacturing |
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10 |
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Subsidiary |
Sheffield |
United Kingdom |
Metal Products Manufacturing |
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8 |
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Subsidiary |
Jakarta |
Indonesia |
Metal Products Manufacturing |
|
5 |
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Subsidiary |
Zwijndrecht |
Netherlands |
Metal Products Manufacturing |
551.2 |
300 |
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Subsidiary |
Zwijndrecht |
Netherlands |
Metal Products Manufacturing |
|
300 |
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Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Metals and Minerals Wholesale |
|
137 |
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Subsidiary |
Meyzieu |
France |
Metals and Minerals Wholesale |
84.1 |
102 |
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Subsidiary |
Deventer, Overijssel |
Netherlands |
Metals and Minerals Wholesale |
|
66 |
|
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|
Subsidiary |
Beesd |
Netherlands |
Metal Products Manufacturing |
44.0 |
60 |
|
|
|
Subsidiary |
Eastleigh |
United Kingdom |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Brierley Hill |
United Kingdom |
Metals and Minerals Wholesale |
65.8 |
108 |
|
|
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UK Branch/Trading address |
Middlesbrough |
United Kingdom |
Metals and Minerals Wholesale |
65.8 |
50 |
|
|
|
UK Branch/Trading address |
Bury |
United Kingdom |
Metals and Minerals Wholesale |
65.8 |
5 |
|
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|
Subsidiary |
Brierley Hill |
United Kingdom |
Metals and Minerals Wholesale |
|
|
|
|
|
UK Branch/Trading address |
Sheffield |
United Kingdom |
Miscellaneous Professional Services |
|
25 |
|
|
|
Subsidiary |
Brierley Hill |
United Kingdom |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Brierley Hill |
United Kingdom |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Brierley Hill |
United Kingdom |
Metals and Minerals Wholesale |
|
|
|
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|
Subsidiary |
Zwijndrecht, South Holland |
Netherlands |
Metals and Minerals Wholesale |
|
20 |
|
|
|
Subsidiary |
Zwijndrecht, Zuid-Holland |
Netherlands |
Real Estate Agents and Brokers |
|
|
|
|
|
Subsidiary |
Brno |
Czech Republic |
Metals and Minerals Wholesale |
24.6 |
42 |
|
Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Secretary |
Company Secretary |
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Commercial Manager |
Marketing Executive |
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IT Manager |
Information Executive |
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Commercial Manager |
Commercial Executive |
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member of the Management Team |
Other |
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member of the Management Team |
Other |
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Board and Executive Committee |
Other |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01384 487600 |
Annual Return Date: 01 Sep 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
15 Dec 1948 |
36 Kings Drive, Hopton, |
04 Feb 2005 |
NA |
Current:3 |
|
|
|
Current |
27 Aug 1958 |
Nine Lock Works, Mill Street, |
19 May 2011 |
NA |
Current:2 |
|
|
|
Previous |
14 Mar 1958 |
Oakdale House, Vernon Drive, |
NA |
09 May 1997 |
Current:3 |
|
|
|
Previous |
15 Feb 1941 |
349 Elmhurst Place, |
01 Feb 1993 |
31 Mar 1997 |
Current:0 |
|
|
|
Previous |
18 Mar 1947 |
Brewery House, |
01 Feb 1993 |
31 Mar 1997 |
Current:0 |
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|
|
Previous |
27 Sep 1946 |
33W461 Brewster Creek, Circle, |
01 May 1995 |
31 Mar 1997 |
Current:0 |
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|
Previous |
30 Jan 1944 |
Trevilla, 173 Hady Hill, |
13 Mar 1986 |
01 Sep 2000 |
Current:0 |
|
|
|
Previous |
10 Jan 1941 |
28 Andorra, Laguna Niguel, |
19 Jul 1994 |
29 Jan 1998 |
Current:0 |
|
|
|
Previous |
29 Aug 1933 |
1531 Queens, |
14 Sep 1991 |
NA |
Current:0 |
|
|
|
Previous |
01 Jul 1934 |
17 Trovita, |
14 Sep 1991 |
05 Dec 1997 |
Current:0 |
|
|
|
Previous |
05 Oct 1938 |
43 Walton, |
14 Sep 1991 |
31 Mar 1997 |
Current:0 |
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Previous |
15 Jul 1931 |
5932 Sunmist, |
14 Sep 1991 |
NA |
Current:0 |
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|
Previous |
05 Jul 1966 |
Nine Lock Works, Mill Street, |
02 Jun 2010 |
19 May 2011 |
Current:0 |
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|
Previous |
01 Mar 1964 |
Raadhuisplein 22, |
01 Oct 2000 |
05 Sep 2007 |
Current:0 |
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Previous |
03 Aug 1947 |
Konijnenlaan 12A, |
01 Jul 1998 |
05 Sep 2007 |
Current:0 |
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Previous |
12 Mar 1963 |
90 Hawthorne Way, Shelley, |
01 Jul 1998 |
25 Feb 2000 |
Current:0 |
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Previous |
02 Jul 1951 |
Jacob De Graefflaan 8, Nl-2517 Jm, |
01 Oct 2000 |
31 Oct 2003 |
Current:0 |
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Previous |
23 Oct 1946 |
The Old School House, Astley Abbots, |
01 Sep 2000 |
30 Nov 2003 |
Current:0 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Van Leeuwen Buizen Europa B V |
Previous |
Po Box 50 3330 Ab Zwijndrecht, |
05 Sep 2007 |
02 Jun 2010 |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|||||
|
Current |
NA |
3 Ostler Close, Wallheath, |
31 Jan 2005 |
NA |
Current:6 |
|
||||||
|
Previous |
05 Jul 1965 |
10 Lynwood Close, Dronfield Woodhouse, |
02 Apr 2001 |
31 Jan 2005 |
Current:1 |
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||||||
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Previous |
30 Jan 1944 |
Trevilla, 173 Hady Hill, |
14 Sep 1991 |
NA |
Current:0 |
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||||||
|
Previous |
21 Mar 1956 |
83 Peakes Croft, Bawtry, |
29 Jan 1998 |
28 Mar 2001 |
Current:2 |
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Previous |
14 Mar 1958 |
Oakdale House, Vernon Drive, |
NA |
09 May 1997 |
Current:3 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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|
Pailex Corporate Services Limited |
Previous |
First Floor 1 Bouverie House, 154 Fleet Street, |
09 May 1997 |
29 Jan 1998 |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
00347926 |
8519911 Ordinary GBP 1.00 |
Ordinary |
8,519,911 |
1.00 |
8,519,911.00 |
96.60 |
|
|
00347926 |
300000 Redeemable GBP 1.00 |
Redeemable |
300,000 |
1.00 |
300,000.00 |
3.40 |
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