british polythene industries limited

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british polythene industries limited Company Information

Share BRITISH POLYTHENE INDUSTRIES LIMITED

Company Number

00108191

Directors

Andrew Green

Jason Greene

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Shareholders

rpc 2017 holding company limited

Group Structure

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Industry

Manufacture of other plastic products

 

Registered Address

corby hub 4 sallow road, weldon north industrial estate, corby, NN17 5JX

british polythene industries limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BRITISH POLYTHENE INDUSTRIES LIMITED at £0 based on a Turnover of £0 and 0.42x industry multiple (adjusted for size and gross margin).

british polythene industries limited Estimated Valuation

£63.1m

Pomanda estimates the enterprise value of BRITISH POLYTHENE INDUSTRIES LIMITED at £63.1m based on an EBITDA of £19.7m and a 3.2x industry multiple (adjusted for size and gross margin).

british polythene industries limited Estimated Valuation

£297m

Pomanda estimates the enterprise value of BRITISH POLYTHENE INDUSTRIES LIMITED at £297m based on Net Assets of £178.4m and 1.67x industry multiple (adjusted for liquidity).

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British Polythene Industries Limited Overview

British Polythene Industries Limited is a live company located in corby, NN17 5JX with a Companies House number of 00108191. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in March 1910, it's largest shareholder is rpc 2017 holding company limited with a 100% stake. British Polythene Industries Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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British Polythene Industries Limited Health Check

Pomanda's financial health check has awarded British Polythene Industries Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating1out of 5
positive_score

1 Strong

positive_score

0 Regular

positive_score

2 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

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production

Production

There is insufficient data available for this Key Performance Indicator!

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profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

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employees

Employees

with 14 employees, this is below the industry average (93)

- - British Polythene Industries Limited

- - Industry AVG

paystructure

Pay Structure

on an average salary of £107.1k, the company has a higher pay structure (£36.4k)

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- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

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debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

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creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

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stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

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cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

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debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.9%, this is a lower level of debt than the average (42.9%)

- - British Polythene Industries Limited

- - Industry AVG

BRITISH POLYTHENE INDUSTRIES LIMITED financials

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British Polythene Industries Limited's latest turnover from September 2023 is 0 and the company has net assets of £178.4 million. According to their latest financial statements, British Polythene Industries Limited has 14 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover499,000,000507,500,000478,700,000507,700,000477,700,000424,700,000
Other Income Or Grants
Cost Of Sales354,270,084362,154,193342,783,149362,271,195333,762,676
Gross Profit144,729,916145,345,807135,916,851145,428,805143,937,324
Admin Expenses-19,733,333-48,888,889-147,781,1441,000,0007,300,0007,000,0007,200,0002,600,000118,029,916122,345,807118,548,325123,228,805123,237,324-15,900,000
Operating Profit19,733,33348,888,889147,781,144-1,000,000-7,300,000-7,000,000-7,200,000-2,600,00026,700,00023,000,00017,368,52622,200,00020,700,00015,900,000
Interest Payable500,0004,600,0001,600,0001,500,00014,200,00013,400,0002,100,00013,900,000
Interest Receivable2,600,0002,100,000400,000500,000900,0005,600,0001,700,0009,700,0008,900,000
Pre-Tax Profit14,900,00039,900,000116,900,000-900,000500,000200,000-7,700,0009,900,00022,200,00018,500,00017,000,00019,200,00016,700,00011,800,000
Tax-100,000-300,000100,000100,000200,000500,000-5,800,000-5,500,000-5,200,000-4,400,000-3,100,000-3,700,000
Profit After Tax14,800,00039,600,000117,000,000-900,000600,000400,000-7,700,00010,400,00016,400,00013,000,00011,800,00014,800,00013,600,0008,100,000
Dividends Paid51,500,0003,300,0004,500,0003,300,0004,000,0003,500,0002,300,0002,300,0002,100,000
Retained Profit14,800,000-11,900,000117,000,000-4,200,000600,000400,000-12,200,0007,100,00011,900,0008,500,0008,500,00011,300,00011,500,0008,100,000
Employee Costs1,500,0001,300,0001,700,0002,100,0001,300,0001,000,0003,400,0003,300,00079,500,00082,600,00078,600,00081,500,00079,100,00082,200,000
Number Of Employees141114149810102,2222,3302,2922,3752,4463
EBITDA*19,733,33348,888,889147,781,144-1,000,000-7,300,000-7,000,000-7,200,000-2,600,00041,400,00036,900,00018,168,52623,100,00034,000,00029,300,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets119,900,000115,700,00021,900,000106,800,000101,500,000103,100,000
Intangible Assets3,100,0003,500,00090,600,0001,600,0002,100,0002,400,000
Investments & Other142,200,000147,000,000161,500,000156,200,000156,100,000132,800,000138,000,000137,600,000
Debtors (Due After 1 year)
Total Fixed Assets142,200,000147,000,000161,500,000156,200,000156,100,000132,800,000138,000,000137,600,000123,000,000119,200,000112,500,000108,400,000103,600,000105,500,000
Stock & work in progress76,300,00077,300,00072,500,00067,300,00066,900,00061,400,000
Trade Debtors89,100,00054,400,00047,100,00049,400,00041,800,00047,200,00052,300,00047,100,000
Group Debtors68,900,00072,000,000150,800,00054,200,00060,500,00077,500,000
Misc Debtors900,0001,500,000900,0002,100,0001,500,0002,800,0003,500,0002,900,0003,300,0003,200,0002,700,0002,200,000
Cash500,000800,000100,000300,000300,000500,000
misc current assets500,000
total current assets69,800,00073,500,00089,100,000151,700,00056,300,00062,000,00080,300,00054,400,000127,400,000130,400,000117,700,000118,000,000122,200,000111,700,000
total assets212,000,000220,500,000250,600,000307,900,000212,400,000194,800,000218,300,000192,000,000250,400,000249,600,000230,200,000226,400,000225,800,000217,200,000
Bank overdraft10,300,00013,500,0002,300,0002,600,0006,500,0006,700,0004,800,0005,500,0004,800,000
Bank loan500,000
Trade Creditors 100,000200,000200,000100,000100,000200,00064,700,00066,000,00057,800,00054,700,00055,500,00049,500,000
Group/Directors Accounts30,600,00035,600,00052,400,000117,900,00071,300,00065,700,00049,100,00032,700,000
other short term finances100,000300,000400,000200,0005,800,0001,600,0002,600,0003,100,0002,000,000
hp & lease commitments
other current liabilities1,800,0001,900,0003,100,0002,200,0002,400,0003,900,0004,300,0005,000,00018,000,00021,900,00020,300,00019,900,00017,800,00017,200,000
total current liabilities32,400,00037,600,00055,700,000120,600,00074,000,00080,300,00067,400,00040,400,00085,300,000100,200,00086,400,00082,000,00081,900,00073,500,000
loans108,900,00055,600,00032,200,00068,600,00062,400,00044,400,00037,500,00032,300,00049,200,00076,300,00092,100,000
hp & lease commitments1,500,000
Accruals and Deferred Income3,900,000
other liabilities3,200,000
provisions2,400,000207,200,000124,600,000139,000,000129,000,000120,000,000116,800,000
total long term liabilities1,200,000500,000300,000109,900,00056,500,00033,600,00071,800,00064,800,000126,000,00081,200,00085,900,00089,800,00098,300,000108,500,000
total liabilities33,600,00038,100,00056,000,000230,500,000130,500,000113,900,000139,200,000105,200,000211,300,000181,400,000172,300,000171,800,000180,200,000182,000,000
net assets178,400,000182,400,000194,600,00077,400,00081,900,00080,900,00079,100,00086,800,00038,700,00048,500,00035,700,00033,600,00045,300,00034,900,000
total shareholders funds178,400,000182,400,000194,600,00077,400,00081,900,00080,900,00079,100,00086,800,00038,700,00048,500,00035,700,00033,600,00045,300,00034,900,000
Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit19,733,33348,888,889147,781,144-1,000,000-7,300,000-7,000,000-7,200,000-2,600,00026,700,00023,000,00017,368,52622,200,00020,700,00015,900,000
Depreciation14,400,00013,500,000200,000200,00012,600,00012,900,000
Amortisation300,000400,000600,000700,000700,000500,000
Tax-100,000-300,000100,000100,000200,000500,000-5,800,000-5,500,000-5,200,000-4,400,000-3,100,000-3,700,000
Stock-76,300,000-1,000,0004,800,0005,200,000400,0005,500,00061,400,000
Debtors-3,700,000-15,600,000-62,600,00095,400,000-5,700,000-18,300,00080,300,0003,800,000-1,700,0007,200,000-5,300,000-4,600,0005,700,00049,300,000
Creditors-100,000-100,000200,000-200,000100,000100,000-64,500,000-1,300,0008,200,0003,100,000-800,0006,000,00049,500,000
Accruals and Deferred Income-100,000-1,200,000900,000-200,000-1,500,000-400,0004,300,000-13,000,000-3,900,0001,600,000400,0002,100,000-3,300,00021,100,000
Deferred Taxes & Provisions-204,800,00082,600,000-14,400,00010,000,0009,000,0003,200,000116,800,000
Cash flow from operations23,133,33362,888,889211,581,144-96,800,000-2,900,00011,100,000-83,100,000-211,900,000115,700,00014,800,00026,568,52633,200,00025,600,000102,300,000
Investing Activities
capital expenditure123,000,000-18,500,000-20,600,000-4,900,000-5,700,000-11,400,000-118,900,000
Change in Investments-4,800,000-14,500,0005,300,000100,00023,300,000-5,200,000138,000,000137,600,000
cash flow from investments4,800,00014,500,000-5,300,000-100,000-23,300,0005,200,000-138,000,000-14,600,000-18,500,000-20,600,000-4,900,000-5,700,000-11,400,000-118,900,000
Financing Activities
Bank loans-500,000500,000
Group/Directors Accounts-5,000,000-16,800,000-65,500,00046,600,0005,600,00016,600,00049,100,00032,700,000
Other Short Term Loans -100,000-200,000-100,000400,000200,000-5,800,0004,200,000-1,000,000-500,0001,100,0002,000,000
Long term loans-108,900,00053,300,00023,400,000-36,400,00068,600,00018,000,0006,900,0005,200,000-16,900,000-27,100,000-15,800,00092,100,000
Hire Purchase and Lease Commitments-1,500,0001,500,000
other long term liabilities-3,200,0003,200,000
share issue-18,800,000-300,000200,000-300,000400,0001,400,00091,300,00041,000,000-21,700,0004,300,000-6,400,000-23,000,000-1,100,00026,800,000
interest2,600,0002,100,000400,000-3,700,0004,000,000200,000-4,500,000-4,500,000-2,100,000-13,900,000
cash flow from financing-21,200,000-15,000,000-174,300,000100,000,00029,200,000-25,400,000216,600,00092,100,000-25,100,0009,200,000-24,300,000-52,100,000-16,400,000107,000,000
cash and cash equivalents
cash-500,000-300,000700,000-200,000-200,000500,000
overdraft-10,300,000-3,200,00013,500,000-300,000-3,900,000-200,0001,900,000-700,000700,0004,800,000
change in cash10,300,0003,200,000-13,500,000-200,0003,600,000900,000-2,100,000700,000-900,000-4,300,000

british polythene industries limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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British Polythene Industries Limited Competitor Analysis

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Perform a competitor analysis for british polythene industries limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mature companies, companies in NN17 area or any other competitors across 12 key performance metrics.

british polythene industries limited directors

British Polythene Industries Limited currently has 4 directors. The longest serving directors include Dr Andrew Green (Nov 2016) and Mr Jason Greene (Jul 2019).

officercountryagestartendrole
Dr Andrew GreenUnited Kingdom61 years Nov 2016- Director
Mr Jason GreeneEngland54 years Jul 2019- Director
Mr Mark MilesEngland53 years Jul 2019- Director
Mr Sander ZwarthofUnited Kingdom49 years Apr 2024- Director

P&L

September 2023

turnover

0

0%

operating profit

19.7m

0%

gross margin

0%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

178.4m

-0.02%

total assets

212m

-0.04%

cash

0

0%

net assets

Total assets minus all liabilities

british polythene industries limited company details

company number

00108191

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

March 1910

age

115

incorporated

UK

ultimate parent company

BERRY GLOBAL GROUP INC

accounts

Full Accounts

last accounts submitted

September 2023

previous names

british polythene industries plc (September 2016)

scott & robertson p.l.c. (July 1990)

accountant

-

auditor

RSM UK AUDIT LLP

address

corby hub 4 sallow road, weldon north industrial estate, corby, NN17 5JX

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

british polythene industries limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to british polythene industries limited. Currently there are 0 open charges and 1 have been satisfied in the past.

british polythene industries limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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british polythene industries limited Companies House Filings - See Documents

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