Vita Liquid Polymers Limited

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vita liquid polymers limited Company Information

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MatureLargeHigh

Company Number

00268760

Website

www.vita-liquid.co.uk

Registered Address

oldham road middleton, manchester, M24 2DB

Industry

Manufacture of plastics in primary forms

Telephone

01619983226

Next Accounts Due

September 2024

Group Structure

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Directors

Daniel O'Riordan8 Years

Ian Robb5 Years

View All

Shareholders

vita (group) unlimited 100%

vita liquid polymers limited Estimated Valuation

£11.2m

Pomanda estimates the enterprise value of VITA LIQUID POLYMERS LIMITED at £11.2m based on a Turnover of £22m and 0.51x industry multiple (adjusted for size and gross margin).

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Vita Liquid Polymers Limited is a live company located in manchester, M24 2DB with a Companies House number of 00268760. It operates in the manufacture of plastics in primary forms sector, SIC Code 20160. Founded in September 1932, it's largest shareholder is vita (group) unlimited with a 100% stake. Vita Liquid Polymers Limited is a mature, large sized company, Pomanda has estimated its turnover at £22m with high growth in recent years.

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Pomanda's financial health check has awarded Vita Liquid Polymers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £22m, make it in line with the average company (£22.9m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.9%)

EXPORT

Vita Liquid Polymers Limited's latest turnover from December 2022 is £22 million and the company has net assets of £1.7 million. According to their latest financial statements, Vita Liquid Polymers Limited has 33 employees and maintains cash reserves of £500.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	22,034,321	17,518,794	13,077,750	13,831,520	11,274,598	10,946,848	9,985,356	9,354,608	10,498,119	13,235,661	15,378,727	19,072,285	14,479,731	14,844,461
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	19,800,512	15,763,001	11,703,271	12,155,375	10,045,804	9,560,692	8,312,667	7,557,917	8,774,370	11,123,490	13,364,804	17,168,364	12,571,380	11,552,029
Gross Profit	2,233,809	1,755,793	1,374,479	1,676,145	1,228,794	1,386,156	1,672,689	1,796,691	1,723,749	2,112,171	2,013,923	1,903,921	1,908,351	3,292,432
Admin Expenses	1,840,802	1,538,094	1,357,718	1,579,131	1,524,132	1,344,981	1,397,073	1,793,465	1,644,624	2,106,039	1,952,845	2,107,217	2,542,979	2,715,394
Operating Profit	393,007	217,699	16,761	97,014	-295,338	41,175	275,616	3,226	79,125	6,132	61,078	-203,296	-634,628	577,038
Interest Payable	237,938	202,584	188,059	206,625	43,090	36,609	45,153	40,835	71,557	50,725	16,725	92,811	34,064	26,293
Interest Receivable	49,119	49,182	26,463	32,630	46,152	17,227	39,866	0	21,724	7,997	0	67,086	23,973	40,164
Pre-Tax Profit	204,188	64,297	-144,835	-76,981	-292,276	21,793	270,329	-37,609	54,166	-36,596	44,353	-229,021	-644,719	542,614
Tax	-107,069	-59,167	35,889	75,977	56,654	36,883	-1,347	84,208	-936	-9,673	8,480	259,367	114,606	-126,196
Profit After Tax	97,119	5,130	-108,946	-1,004	-235,622	58,676	268,982	46,599	53,230	-46,269	52,833	30,346	-530,113	416,418
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	97,119	5,130	-108,946	-1,004	-235,622	58,676	268,982	46,599	53,230	-46,269	52,833	30,346	-530,113	416,418
Employee Costs	1,266,539	1,190,747	1,147,665	1,148,749	1,110,207	1,107,299	1,245,498	1,438,245	1,356,166	1,450,934	1,516,623	1,399,700	1,425,352	1,532,715
Number Of Employees	33	31	29	29	29	26	29	30	31	32	36	38	38	45
EBITDA*	609,721	582,472	421,792	250,354	-161,435	172,939	378,857	88,253	157,105	69,645	128,302	-121,471	-571,463	612,713

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	3,632,441	3,666,433	3,629,674	3,805,473	1,575,696	990,187	802,962	731,060	545,415	548,348	528,792	478,078	469,247	297,496
Intangible Assets	0	0	0	0	100	198	1,824	3,451	4,583	6,111	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	268,389	268,389	268,389	268,389	0
Debtors (Due After 1 year)	0	0	0	0	0	1,747,776	2,068,630	0	3,216,968	721,064	837,543	5,328,551	4,748,713	3,286,829
Total Fixed Assets	3,632,441	3,666,433	3,629,674	3,805,473	1,575,796	2,738,161	2,873,416	734,511	3,766,966	1,543,912	1,634,724	6,075,018	5,486,349	3,584,325
Stock & work in progress	2,050,922	2,524,555	1,578,101	1,523,672	1,274,783	918,656	789,840	714,166	813,309	932,506	775,088	874,110	905,838	813,598
Trade Debtors	0	555,497	0	742,231	1,219,297	1,253,918	1,171,827	1,003,356	1,539,174	1,896,534	1,601,802	1,910,418	1,770,577	3,280,509
Group Debtors	3,468,917	1,445,549	2,841,529	1,507,075	1,140,560	338,489	348,034	205,312	177,538	337,522	1,200,843	2,089,725	2,572,326	187,990
Misc Debtors	209,709	155,934	146,110	199,051	217,920	237,283	149,420	159,580	144,508	143,836	276,196	214,001	319,432	193,412
Cash	500,053	122,114	618,081	504,312	542,638	1,233,110	1,462,105	2,910,673	2,377,265	2,936,126	1,050,724	1,198,245	901,760	695,215
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,229,601	4,803,649	5,183,821	4,476,341	4,395,198	3,981,456	3,921,226	4,993,087	5,051,794	6,246,524	4,904,653	6,286,499	6,469,933	5,170,724
total assets	9,862,042	8,470,082	8,813,495	8,281,814	5,970,994	6,719,617	6,794,642	5,727,598	8,818,760	7,790,436	6,539,377	12,361,517	11,956,282	8,755,049
Bank overdraft	0	0	0	0	0	0	0	0	108,404	169,063	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,978,470	3,895,512	3,430,064	2,673,360	2,658,327	2,240,425	2,042,754	1,484,489	2,127,930	2,808,061	2,388,416	3,316,559	4,428,047	3,186,030
Group/Directors Accounts	617,829	464,033	40,434	120,768	2,400	10,244	19,595	19,134	31,162	17,124	260,224	279,584	215,330	114,893
other short term finances	0	0	0	0	0	0	1,085,412	0	0	0	0	0	0	0
hp & lease commitments	279,027	263,045	254,814	265,452	0	0	0	0	0	0	0	0	0	0
other current liabilities	364,070	381,598	287,628	257,416	246,073	298,889	301,740	541,876	227,622	248,494	307,781	286,638	209,615	430,238
total current liabilities	6,239,396	5,004,188	4,012,940	3,316,996	2,906,800	2,549,558	3,449,501	2,045,499	2,495,118	3,242,742	2,956,421	3,882,781	4,852,992	3,731,161
loans	0	0	1,370,786	1,370,786	1,370,786	2,238,629	1,370,786	2,086,580	4,774,722	3,052,004	2,041,477	6,890,117	5,545,017	2,924,904
hp & lease commitments	1,788,699	1,790,794	1,831,387	1,901,628	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	154,093	92,365	20,777	5,853	5,853	8,253	109,854	0	0	0	0	0	0	10,598
total long term liabilities	1,942,792	1,883,159	3,222,950	3,278,267	1,376,639	2,246,882	1,480,640	2,086,580	4,774,722	3,052,004	2,041,477	6,890,117	5,545,017	2,935,502
total liabilities	8,182,188	6,887,347	7,235,890	6,595,263	4,283,439	4,796,440	4,930,141	4,132,079	7,269,840	6,294,746	4,997,898	10,772,898	10,398,009	6,666,663
net assets	1,679,854	1,582,735	1,577,605	1,686,551	1,687,555	1,923,177	1,864,501	1,595,519	1,548,920	1,495,690	1,541,479	1,588,619	1,558,273	2,088,386
total shareholders funds	1,679,854	1,582,735	1,577,605	1,686,551	1,687,555	1,923,177	1,864,501	1,595,519	1,548,920	1,495,690	1,541,479	1,588,619	1,558,273	2,088,386

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	393,007	217,699	16,761	97,014	-295,338	41,175	275,616	3,226	79,125	6,132	61,078	-203,296	-634,628	577,038
Depreciation	216,714	364,773	405,031	153,240	133,805	130,138	101,614	83,500	77,980	63,513	67,224	81,825	63,165	35,675
Amortisation	0	0	0	100	98	1,626	1,627	1,527	0	0	0	0	0	0
Tax	-107,069	-59,167	35,889	75,977	56,654	36,883	-1,347	84,208	-936	-9,673	8,480	259,367	114,606	-126,196
Stock	-473,633	946,454	54,429	248,889	356,127	128,816	75,674	-99,143	-119,197	157,418	-99,022	-31,728	92,240	813,598
Debtors	1,521,646	-830,659	539,282	-129,420	-999,689	-160,445	2,369,663	-3,709,940	1,979,232	-817,428	-5,626,311	131,647	2,462,308	6,948,740
Creditors	1,082,958	465,448	756,704	15,033	417,902	197,671	558,265	-643,441	-680,131	419,645	-928,143	-1,111,488	1,242,017	3,186,030
Accruals and Deferred Income	-17,528	93,970	30,212	11,343	-52,816	-2,851	-240,136	314,254	-20,872	-59,287	21,143	77,023	-220,623	430,238
Deferred Taxes & Provisions	61,728	71,588	14,924	0	-2,400	-101,601	109,854	0	0	0	0	0	-10,598	10,598
Cash flow from operations	581,797	1,038,516	665,810	233,238	901,467	334,670	-1,639,844	3,652,357	-2,404,869	1,080,340	4,955,115	-996,488	-2,000,609	-3,648,955
Investing Activities
capital expenditure	-182,722	-401,532	-229,232	-2,383,017	-719,314	-317,363	-173,516	-269,540	-73,519	-89,180	-117,938	-90,656	-234,916	-333,171
Change in Investments	0	0	0	0	0	0	0	0	-268,389	0	0	0	268,389	0
cash flow from investments	-182,722	-401,532	-229,232	-2,383,017	-719,314	-317,363	-173,516	-269,540	194,870	-89,180	-117,938	-90,656	-503,305	-333,171
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	153,796	423,599	-80,334	118,368	-7,844	-9,351	461	-12,028	14,038	-243,100	-19,360	64,254	100,437	114,893
Other Short Term Loans	0	0	0	0	0	-1,085,412	1,085,412	0	0	0	0	0	0	0
Long term loans	0	-1,370,786	0	0	-867,843	867,843	-715,794	-2,688,142	1,722,718	1,010,527	-4,848,640	1,345,100	2,620,113	2,924,904
Hire Purchase and Lease Commitments	13,887	-32,362	-80,879	2,167,080	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	480	-99,973	0	0	1,671,968
interest	-188,819	-153,402	-161,596	-173,995	3,062	-19,382	-5,287	-40,835	-49,833	-42,728	-16,725	-25,725	-10,091	13,871
cash flow from financing	-21,136	-1,132,951	-322,809	2,111,453	-872,625	-246,302	364,792	-2,741,005	1,686,923	725,179	-4,984,698	1,383,629	2,710,459	4,725,636
cash and cash equivalents
cash	377,939	-495,967	113,769	-38,326	-690,472	-228,995	-1,448,568	533,408	-558,861	1,885,402	-147,521	296,485	206,545	695,215
overdraft	0	0	0	0	0	0	0	-108,404	-60,659	169,063	0	0	0	0
change in cash	377,939	-495,967	113,769	-38,326	-690,472	-228,995	-1,448,568	641,812	-498,202	1,716,339	-147,521	296,485	206,545	695,215

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VITA LIQUID POLYMERS LIMITED group structure

Vita Liquid Polymers Limited has no subsidiary companies.

Ultimate parent company

VITA GLOBAL HOLDINGS LTD

#0075669

VITA (GROUP) UNLIMITED

00871669

2 parents

VITA LIQUID POLYMERS LIMITED

00268760

VITA LIQUID POLYMERS LIMITED Shareholders

vita (group) unlimited

100%

Vita Liquid Polymers Limited currently has 4 directors. The longest serving directors include Mr Daniel O'Riordan (Jun 2016) and Mr Ian Robb (Jan 2019).

officer	country	age	start	end	role
Mr Daniel O'Riordan	England	49 years	Jun 2016	-	Director
Mr Ian Robb		64 years	Jan 2019	-	Director
Mr Richard Page		55 years	Apr 2019	-	Director
Mr Chadi Iskandar		40 years	Mar 2024	-	Director

P&L

December 2022

turnover

22m

+26%

operating profit

393k

+81%

gross margin

10.2%

+1.15%

turnover

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

Balance Sheet

December 2022

net assets

1.7m

+0.06%

total assets

9.9m

+0.16%

cash

500.1k

+3.09%

net assets

Total assets minus all liabilities

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company number

00268760

Type

Private limited with Share Capital

industry

20160 - Manufacture of plastics in primary forms

incorporation date

September 1932

age

accounts

Full Accounts

ultimate parent company

VITA GLOBAL HOLDINGS LTD

previous names

rubber latex limited (August 1988)

incorporated

address

oldham road middleton, manchester, M24 2DB

last accounts submitted

December 2022

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 9 charges/mortgages relating to vita liquid polymers limited. Currently there are 2 open charges and 7 have been satisfied in the past.

vita liquid polymers limited Company Information

vita liquid polymers limited Estimated Valuation

vita liquid polymers limited Estimated Valuation

vita liquid polymers limited Estimated Valuation

Vita Liquid Polymers Limited Overview

Vita Liquid Polymers Limited Health Check

VITA LIQUID POLYMERS LIMITED financials

vita liquid polymers limited Credit Report and Business Information

Vita Liquid Polymers Limited Competitor Analysis

vita liquid polymers limited Ownership

vita liquid polymers limited directors

vita liquid polymers limited company details

vita liquid polymers limited Charges & Mortgages

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