british polythene limited Company Information
Company Number
00350729
Next Accounts
Jun 2025
Industry
Manufacture of plastics in primary forms
Manufacture of plastic plates, sheets, tubes and profiles
Shareholders
british polythene industries limited
Group Structure
View All
Contact
Registered Address
sapphire house crown way, rushden, northamptonshire, NN10 6FB
british polythene limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH POLYTHENE LIMITED at £223.4m based on a Turnover of £255.8m and 0.87x industry multiple (adjusted for size and gross margin).
british polythene limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH POLYTHENE LIMITED at £101.8m based on an EBITDA of £15.9m and a 6.4x industry multiple (adjusted for size and gross margin).
british polythene limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH POLYTHENE LIMITED at £0 based on Net Assets of £-4.6m and 2.02x industry multiple (adjusted for liquidity).
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British Polythene Limited Overview
British Polythene Limited is a live company located in northamptonshire, NN10 6FB with a Companies House number of 00350729. It operates in the manufacture of plastic plates, sheets, tubes and profiles sector, SIC Code 22210. Founded in March 1939, it's largest shareholder is british polythene industries limited with a 100% stake. British Polythene Limited is a mature, mega sized company, Pomanda has estimated its turnover at £255.8m with declining growth in recent years.
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British Polythene Limited Health Check
Pomanda's financial health check has awarded British Polythene Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £255.8m, make it larger than the average company (£23.5m)
£255.8m - British Polythene Limited
£23.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7.3%)
-12% - British Polythene Limited
7.3% - Industry AVG
Production
with a gross margin of 13.5%, this company has a higher cost of product (21.2%)
13.5% - British Polythene Limited
21.2% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (5.4%)
1.5% - British Polythene Limited
5.4% - Industry AVG
Employees
with 1036 employees, this is above the industry average (81)
1036 - British Polythene Limited
81 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£42.4k)
£41.6k - British Polythene Limited
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £246.9k, this is equally as efficient (£282.9k)
£246.9k - British Polythene Limited
£282.9k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (53 days)
55 days - British Polythene Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (42 days)
64 days - British Polythene Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (65 days)
82 days - British Polythene Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - British Polythene Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.2%, this is a higher level of debt than the average (46.1%)
102.2% - British Polythene Limited
46.1% - Industry AVG
BRITISH POLYTHENE LIMITED financials
British Polythene Limited's latest turnover from September 2023 is £255.8 million and the company has net assets of -£4.6 million. According to their latest financial statements, British Polythene Limited has 1,036 employees and maintains cash reserves of £700 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 255,800,000 | 316,300,000 | 290,000,000 | 371,700,000 | 284,500,000 | 305,400,000 | 386,300,000 | 300,000,000 | 320,100,000 | 326,600,000 | 322,500,000 | 339,500,000 | 335,400,000 | 301,400,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 221,200,000 | 280,900,000 | 248,100,000 | 314,900,000 | 245,400,000 | 265,200,000 | 261,900,000 | 280,000,000 | 289,100,000 | 283,900,000 | 299,300,000 | 295,900,000 | 259,000,000 | |
Gross Profit | 34,600,000 | 35,400,000 | 41,900,000 | 56,800,000 | 39,100,000 | 40,200,000 | 38,100,000 | 40,100,000 | 37,500,000 | 38,600,000 | 40,200,000 | 39,500,000 | 42,400,000 | |
Admin Expenses | 30,900,000 | 27,200,000 | 27,900,000 | 41,000,000 | 35,100,000 | 35,900,000 | 30,000,000 | 30,700,000 | 35,500,000 | 35,700,000 | 58,600,000 | 36,700,000 | 38,900,000 | |
Operating Profit | 3,700,000 | 8,200,000 | 14,000,000 | 15,800,000 | 4,000,000 | 4,300,000 | 9,400,000 | 8,100,000 | 9,400,000 | 2,000,000 | 2,900,000 | -18,400,000 | 2,800,000 | 3,500,000 |
Interest Payable | 18,400,000 | 11,200,000 | 8,700,000 | 3,100,000 | 9,400,000 | 9,900,000 | 14,600,000 | 13,200,000 | 14,300,000 | 2,100,000 | 2,800,000 | 3,700,000 | 2,300,000 | 3,200,000 |
Interest Receivable | 12,800,000 | 8,300,000 | 6,500,000 | 0 | 9,400,000 | 8,700,000 | 12,700,000 | 9,600,000 | 11,300,000 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | -1,900,000 | 5,300,000 | 11,800,000 | 9,700,000 | 4,000,000 | 3,100,000 | 7,500,000 | 4,500,000 | 6,400,000 | -100,000 | 100,000 | -22,100,000 | 500,000 | 300,000 |
Tax | -1,500,000 | -2,200,000 | -1,600,000 | -2,200,000 | -1,600,000 | -1,700,000 | -3,300,000 | -700,000 | -700,000 | -700,000 | -800,000 | 5,300,000 | -400,000 | -400,000 |
Profit After Tax | -3,400,000 | 3,100,000 | 10,200,000 | 7,500,000 | 2,400,000 | 1,400,000 | 4,200,000 | 3,800,000 | 5,700,000 | -800,000 | -700,000 | -16,800,000 | 100,000 | -100,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -3,400,000 | 3,100,000 | 10,200,000 | 7,500,000 | 2,400,000 | 1,400,000 | 4,200,000 | 3,800,000 | 5,700,000 | -800,000 | -700,000 | -16,800,000 | 100,000 | -100,000 |
Employee Costs | 43,100,000 | 45,700,000 | 43,900,000 | 64,900,000 | 44,500,000 | 43,600,000 | 57,800,000 | 45,800,000 | 48,200,000 | 52,500,000 | 51,700,000 | 73,600,000 | 53,800,000 | 55,600,000 |
Number Of Employees | 1,036 | 1,160 | 1,194 | 1,188 | 1,287 | 1,321 | 1,430 | 1,489 | 1,525 | 1,624 | 1,646 | 1,715 | 1,784 | 1,868 |
EBITDA* | 15,900,000 | 19,700,000 | 38,300,000 | 33,300,000 | 10,600,000 | 10,400,000 | 18,600,000 | 16,500,000 | 17,700,000 | 9,600,000 | 10,100,000 | -10,900,000 | 10,300,000 | 11,400,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 65,900,000 | 76,900,000 | 82,400,000 | 85,600,000 | 42,700,000 | 44,200,000 | 45,100,000 | 41,900,000 | 37,900,000 | 37,700,000 | 35,500,000 | 33,400,000 | 34,000,000 | 33,900,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 13,200,000 | 12,600,000 | 14,500,000 | 15,700,000 | 16,400,000 | 16,800,000 | 17,200,000 | 17,500,000 | 17,800,000 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 |
Total Fixed Assets | 79,100,000 | 89,500,000 | 96,900,000 | 101,300,000 | 59,100,000 | 61,000,000 | 62,300,000 | 59,400,000 | 55,700,000 | 37,700,000 | 35,500,000 | 33,400,000 | 34,000,000 | 34,900,000 |
Stock & work in progress | 49,700,000 | 54,800,000 | 43,200,000 | 37,300,000 | 52,200,000 | 52,300,000 | 49,500,000 | 44,300,000 | 44,000,000 | 46,000,000 | 45,600,000 | 44,200,000 | 41,800,000 | 39,800,000 |
Trade Debtors | 39,200,000 | 50,600,000 | 46,700,000 | 41,300,000 | 39,700,000 | 39,800,000 | 41,900,000 | 31,600,000 | 33,000,000 | 33,400,000 | 29,500,000 | 31,800,000 | 38,300,000 | 35,000,000 |
Group Debtors | 33,600,000 | 43,100,000 | 61,800,000 | 118,200,000 | 9,000,000 | 5,300,000 | 4,300,000 | 3,900,000 | 4,300,000 | 7,400,000 | 10,600,000 | 15,600,000 | 20,200,000 | 20,200,000 |
Misc Debtors | 4,700,000 | 6,600,000 | 7,700,000 | 4,300,000 | 1,600,000 | 1,400,000 | 2,700,000 | 2,800,000 | 2,600,000 | 7,100,000 | 8,100,000 | 8,600,000 | 3,200,000 | 3,700,000 |
Cash | 700,000 | 1,300,000 | 1,500,000 | 1,400,000 | 6,600,000 | 21,800,000 | 30,300,000 | 3,800,000 | 400,000 | 800,000 | 0 | 2,500,000 | 0 | 500,000 |
misc current assets | 0 | 0 | 0 | 1,500,000 | 1,400,000 | 3,300,000 | 12,300,000 | 11,700,000 | 19,500,000 | 0 | 0 | 0 | 0 | 0 |
total current assets | 127,900,000 | 156,400,000 | 160,900,000 | 204,000,000 | 110,500,000 | 123,900,000 | 141,000,000 | 98,100,000 | 103,800,000 | 94,700,000 | 93,800,000 | 102,700,000 | 103,500,000 | 99,200,000 |
total assets | 207,000,000 | 245,900,000 | 257,800,000 | 305,300,000 | 169,600,000 | 184,900,000 | 203,300,000 | 157,500,000 | 159,500,000 | 132,400,000 | 129,300,000 | 136,100,000 | 137,500,000 | 134,100,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,100,000 | 0 | 5,200,000 | 8,200,000 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 38,800,000 | 53,900,000 | 49,900,000 | 42,400,000 | 59,500,000 | 57,200,000 | 56,200,000 | 36,800,000 | 36,300,000 | 37,700,000 | 34,600,000 | 33,800,000 | 34,800,000 | 33,500,000 |
Group/Directors Accounts | 94,700,000 | 66,300,000 | 67,700,000 | 105,400,000 | 48,800,000 | 63,500,000 | 70,700,000 | 50,200,000 | 35,000,000 | 40,500,000 | 37,600,000 | 44,800,000 | 18,200,000 | 14,400,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 3,900,000 | 4,200,000 | 5,000,000 | 5,200,000 | 0 | 0 | 0 | 0 | 0 | 400,000 | 1,000,000 | 2,600,000 | 2,600,000 | 2,000,000 |
other current liabilities | 16,200,000 | 10,800,000 | 12,700,000 | 11,900,000 | 7,600,000 | 9,100,000 | 8,000,000 | 6,800,000 | 8,500,000 | 11,100,000 | 10,900,000 | 8,200,000 | 8,200,000 | 7,400,000 |
total current liabilities | 153,600,000 | 135,200,000 | 135,300,000 | 164,900,000 | 115,900,000 | 129,800,000 | 134,900,000 | 93,800,000 | 79,800,000 | 89,700,000 | 85,200,000 | 89,400,000 | 69,000,000 | 65,500,000 |
loans | 0 | 46,000,000 | 53,500,000 | 75,900,000 | 29,500,000 | 29,500,000 | 30,200,000 | 30,200,000 | 30,200,000 | 30,200,000 | 30,200,000 | 30,700,000 | 63,000,000 | 63,000,000 |
hp & lease commitments | 29,200,000 | 35,400,000 | 36,600,000 | 39,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 | 1,400,000 | 4,000,000 | 4,400,000 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 58,000,000 | 90,000,000 | 98,600,000 | 136,600,000 | 46,300,000 | 55,600,000 | 99,400,000 | 81,300,000 | 125,400,000 | 30,200,000 | 30,600,000 | 32,100,000 | 67,000,000 | 67,400,000 |
total liabilities | 211,600,000 | 225,200,000 | 233,900,000 | 301,500,000 | 162,200,000 | 185,400,000 | 234,300,000 | 175,100,000 | 205,200,000 | 119,900,000 | 115,800,000 | 121,500,000 | 136,000,000 | 132,900,000 |
net assets | -4,600,000 | 20,700,000 | 23,900,000 | 3,800,000 | 7,400,000 | -500,000 | -31,000,000 | -17,600,000 | -45,700,000 | 12,500,000 | 13,500,000 | 14,600,000 | 1,500,000 | 1,200,000 |
total shareholders funds | -4,600,000 | 20,700,000 | 23,900,000 | 3,800,000 | 7,400,000 | -500,000 | -31,000,000 | -17,600,000 | -45,700,000 | 12,500,000 | 13,500,000 | 14,600,000 | 1,500,000 | 1,200,000 |
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 3,700,000 | 8,200,000 | 14,000,000 | 15,800,000 | 4,000,000 | 4,300,000 | 9,400,000 | 8,100,000 | 9,400,000 | 2,000,000 | 2,900,000 | -18,400,000 | 2,800,000 | 3,500,000 |
Depreciation | 12,200,000 | 11,500,000 | 24,300,000 | 17,500,000 | 6,600,000 | 6,100,000 | 9,200,000 | 8,400,000 | 8,300,000 | 7,600,000 | 7,200,000 | 7,500,000 | 7,500,000 | 7,900,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -1,500,000 | -2,200,000 | -1,600,000 | -2,200,000 | -1,600,000 | -1,700,000 | -3,300,000 | -700,000 | -700,000 | -700,000 | -800,000 | 5,300,000 | -400,000 | -400,000 |
Stock | -5,100,000 | 11,600,000 | 5,900,000 | -14,900,000 | -100,000 | 2,800,000 | 49,500,000 | 300,000 | -2,000,000 | 400,000 | 1,400,000 | 2,400,000 | 2,000,000 | 39,800,000 |
Debtors | -22,800,000 | -15,900,000 | -47,600,000 | 113,500,000 | 3,800,000 | -2,400,000 | 48,900,000 | -1,600,000 | -8,000,000 | -300,000 | -7,800,000 | -5,700,000 | 1,800,000 | 59,900,000 |
Creditors | -15,100,000 | 4,000,000 | 7,500,000 | -17,100,000 | 2,300,000 | 1,000,000 | 56,200,000 | 500,000 | -1,400,000 | 3,100,000 | 800,000 | -1,000,000 | 1,300,000 | 33,500,000 |
Accruals and Deferred Income | 5,400,000 | -1,900,000 | 800,000 | 4,300,000 | -1,500,000 | 1,100,000 | 8,000,000 | -1,700,000 | -2,600,000 | 200,000 | 2,700,000 | 0 | 800,000 | 7,400,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 32,600,000 | 23,900,000 | 86,700,000 | -80,300,000 | 6,100,000 | 10,400,000 | -18,900,000 | 15,900,000 | 23,000,000 | 12,100,000 | 19,200,000 | -3,300,000 | 8,200,000 | -47,800,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 600,000 | -1,900,000 | -1,200,000 | -700,000 | -400,000 | -400,000 | 17,200,000 | -300,000 | 17,800,000 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 28,400,000 | -1,400,000 | -37,700,000 | 56,600,000 | -14,700,000 | -7,200,000 | 70,700,000 | 15,200,000 | -5,500,000 | 2,900,000 | -7,200,000 | 26,600,000 | 3,800,000 | 14,400,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -46,000,000 | -7,500,000 | -22,400,000 | 46,400,000 | 0 | -700,000 | 30,200,000 | 0 | 0 | 0 | -500,000 | -32,300,000 | 0 | 63,000,000 |
Hire Purchase and Lease Commitments | -6,500,000 | -2,000,000 | -3,400,000 | 45,000,000 | 0 | 0 | 0 | 0 | -400,000 | -1,000,000 | -2,600,000 | -2,600,000 | 200,000 | 6,400,000 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -5,600,000 | -2,900,000 | -2,200,000 | -3,100,000 | 0 | -1,200,000 | -1,900,000 | -3,600,000 | -3,000,000 | -2,100,000 | -2,800,000 | -3,700,000 | -2,300,000 | -3,200,000 |
cash flow from financing | -51,600,000 | -20,100,000 | -55,800,000 | 133,800,000 | -9,200,000 | 20,000,000 | 63,800,000 | 35,900,000 | -72,800,000 | -400,000 | -13,500,000 | 17,900,000 | 1,900,000 | 81,900,000 |
cash and cash equivalents | ||||||||||||||
cash | -600,000 | -200,000 | 100,000 | -5,200,000 | -15,200,000 | -8,500,000 | 30,300,000 | 3,400,000 | -400,000 | 800,000 | -2,500,000 | 2,500,000 | -500,000 | 500,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,100,000 | 1,100,000 | -5,200,000 | -3,000,000 | 8,200,000 |
change in cash | -600,000 | -200,000 | 100,000 | -5,200,000 | -15,200,000 | -8,500,000 | 30,300,000 | 3,400,000 | -400,000 | 1,900,000 | -3,600,000 | 7,700,000 | 2,500,000 | -7,700,000 |
british polythene limited Credit Report and Business Information
British Polythene Limited Competitor Analysis
Perform a competitor analysis for british polythene limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN10 area or any other competitors across 12 key performance metrics.
british polythene limited Ownership
BRITISH POLYTHENE LIMITED group structure
British Polythene Limited has no subsidiary companies.
Ultimate parent company
BERRY GLOBAL GROUP INC
#0110348
2 parents
BRITISH POLYTHENE LIMITED
00350729
british polythene limited directors
British Polythene Limited currently has 5 directors. The longest serving directors include Dr Andrew Green (Jan 2008) and Dr Andrew Green (Jan 2008).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dr Andrew Green | United Kingdom | 60 years | Jan 2008 | - | Director |
Dr Andrew Green | England | 60 years | Jan 2008 | - | Director |
Mr Jason Greene | 54 years | Jul 2019 | - | Director | |
Mr Mark Miles | England | 53 years | Jul 2019 | - | Director |
Mr Sander Zwarthof | England | 49 years | Apr 2024 | - | Director |
P&L
September 2023turnover
255.8m
-19%
operating profit
3.7m
-55%
gross margin
13.6%
+20.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-4.6m
-1.22%
total assets
207m
-0.16%
cash
700k
-0.46%
net assets
Total assets minus all liabilities
british polythene limited company details
company number
00350729
Type
Private limited with Share Capital
industry
22220 - Manufacture of plastic packing goods
20160 - Manufacture of plastics in primary forms
22210 - Manufacture of plastic plates, sheets, tubes and profiles
incorporation date
March 1939
age
86
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
trevor jones,limited (December 1993)
accountant
-
auditor
RSM UK AUDIT LLP
address
sapphire house crown way, rushden, northamptonshire, NN10 6FB
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
british polythene 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 3 charges/mortgages relating to british polythene limited. Currently there are 0 open charges and 3 have been satisfied in the past.
british polythene limited Capital Raised & Share Issues BETA
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british polythene limited Companies House Filings - See Documents
date | description | view/download |
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