british polythene limited

british polythene limited Company Information

Share BRITISH POLYTHENE LIMITED
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Company Number

00350729

Industry

Manufacture of plastics in primary forms

 

Manufacture of plastic plates, sheets, tubes and profiles

 
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Directors

Andrew Green

Andrew Green

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Shareholders

british polythene industries limited

Group Structure

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Contact

Registered Address

sapphire house crown way, rushden, northamptonshire, NN10 6FB

british polythene limited Estimated Valuation

£223.4m

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

£101.8m

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

£0

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

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Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

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

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

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

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

Employees

with 1036 employees, this is above the industry average (81)

1036 - British Polythene Limited

81 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

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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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover255,800,000316,300,000290,000,000371,700,000284,500,000305,400,000386,300,000300,000,000320,100,000326,600,000322,500,000339,500,000335,400,000301,400,000
Other Income Or Grants00000000000000
Cost Of Sales221,200,000280,900,000248,100,000314,900,000245,400,000265,200,000294,309,388261,900,000280,000,000289,100,000283,900,000299,300,000295,900,000259,000,000
Gross Profit34,600,00035,400,00041,900,00056,800,00039,100,00040,200,00091,990,61238,100,00040,100,00037,500,00038,600,00040,200,00039,500,00042,400,000
Admin Expenses30,900,00027,200,00027,900,00041,000,00035,100,00035,900,00082,590,61230,000,00030,700,00035,500,00035,700,00058,600,00036,700,00038,900,000
Operating Profit3,700,0008,200,00014,000,00015,800,0004,000,0004,300,0009,400,0008,100,0009,400,0002,000,0002,900,000-18,400,0002,800,0003,500,000
Interest Payable18,400,00011,200,0008,700,0003,100,0009,400,0009,900,00014,600,00013,200,00014,300,0002,100,0002,800,0003,700,0002,300,0003,200,000
Interest Receivable12,800,0008,300,0006,500,00009,400,0008,700,00012,700,0009,600,00011,300,00000000
Pre-Tax Profit-1,900,0005,300,00011,800,0009,700,0004,000,0003,100,0007,500,0004,500,0006,400,000-100,000100,000-22,100,000500,000300,000
Tax-1,500,000-2,200,000-1,600,000-2,200,000-1,600,000-1,700,000-3,300,000-700,000-700,000-700,000-800,0005,300,000-400,000-400,000
Profit After Tax-3,400,0003,100,00010,200,0007,500,0002,400,0001,400,0004,200,0003,800,0005,700,000-800,000-700,000-16,800,000100,000-100,000
Dividends Paid00000000000000
Retained Profit-3,400,0003,100,00010,200,0007,500,0002,400,0001,400,0004,200,0003,800,0005,700,000-800,000-700,000-16,800,000100,000-100,000
Employee Costs43,100,00045,700,00043,900,00064,900,00044,500,00043,600,00057,800,00045,800,00048,200,00052,500,00051,700,00073,600,00053,800,00055,600,000
Number Of Employees1,0361,1601,1941,1881,2871,3211,4301,4891,5251,6241,6461,7151,7841,868
EBITDA*15,900,00019,700,00038,300,00033,300,00010,600,00010,400,00018,600,00016,500,00017,700,0009,600,00010,100,000-10,900,00010,300,00011,400,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets65,900,00076,900,00082,400,00085,600,00042,700,00044,200,00045,100,00041,900,00037,900,00037,700,00035,500,00033,400,00034,000,00033,900,000
Intangible Assets00000000000000
Investments & Other13,200,00012,600,00014,500,00015,700,00016,400,00016,800,00017,200,00017,500,00017,800,00000000
Debtors (Due After 1 year)00000000000001,000,000
Total Fixed Assets79,100,00089,500,00096,900,000101,300,00059,100,00061,000,00062,300,00059,400,00055,700,00037,700,00035,500,00033,400,00034,000,00034,900,000
Stock & work in progress49,700,00054,800,00043,200,00037,300,00052,200,00052,300,00049,500,00044,300,00044,000,00046,000,00045,600,00044,200,00041,800,00039,800,000
Trade Debtors39,200,00050,600,00046,700,00041,300,00039,700,00039,800,00041,900,00031,600,00033,000,00033,400,00029,500,00031,800,00038,300,00035,000,000
Group Debtors33,600,00043,100,00061,800,000118,200,0009,000,0005,300,0004,300,0003,900,0004,300,0007,400,00010,600,00015,600,00020,200,00020,200,000
Misc Debtors4,700,0006,600,0007,700,0004,300,0001,600,0001,400,0002,700,0002,800,0002,600,0007,100,0008,100,0008,600,0003,200,0003,700,000
Cash700,0001,300,0001,500,0001,400,0006,600,00021,800,00030,300,0003,800,000400,000800,00002,500,0000500,000
misc current assets0001,500,0001,400,0003,300,00012,300,00011,700,00019,500,00000000
total current assets127,900,000156,400,000160,900,000204,000,000110,500,000123,900,000141,000,00098,100,000103,800,00094,700,00093,800,000102,700,000103,500,00099,200,000
total assets207,000,000245,900,000257,800,000305,300,000169,600,000184,900,000203,300,000157,500,000159,500,000132,400,000129,300,000136,100,000137,500,000134,100,000
Bank overdraft00000000001,100,00005,200,0008,200,000
Bank loan00000000000000
Trade Creditors 38,800,00053,900,00049,900,00042,400,00059,500,00057,200,00056,200,00036,800,00036,300,00037,700,00034,600,00033,800,00034,800,00033,500,000
Group/Directors Accounts94,700,00066,300,00067,700,000105,400,00048,800,00063,500,00070,700,00050,200,00035,000,00040,500,00037,600,00044,800,00018,200,00014,400,000
other short term finances00000000000000
hp & lease commitments3,900,0004,200,0005,000,0005,200,00000000400,0001,000,0002,600,0002,600,0002,000,000
other current liabilities16,200,00010,800,00012,700,00011,900,0007,600,0009,100,0008,000,0006,800,0008,500,00011,100,00010,900,0008,200,0008,200,0007,400,000
total current liabilities153,600,000135,200,000135,300,000164,900,000115,900,000129,800,000134,900,00093,800,00079,800,00089,700,00085,200,00089,400,00069,000,00065,500,000
loans046,000,00053,500,00075,900,00029,500,00029,500,00030,200,00030,200,00030,200,00030,200,00030,200,00030,700,00063,000,00063,000,000
hp & lease commitments29,200,00035,400,00036,600,00039,800,000000000400,0001,400,0004,000,0004,400,000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities58,000,00090,000,00098,600,000136,600,00046,300,00055,600,00099,400,00081,300,000125,400,00030,200,00030,600,00032,100,00067,000,00067,400,000
total liabilities211,600,000225,200,000233,900,000301,500,000162,200,000185,400,000234,300,000175,100,000205,200,000119,900,000115,800,000121,500,000136,000,000132,900,000
net assets-4,600,00020,700,00023,900,0003,800,0007,400,000-500,000-31,000,000-17,600,000-45,700,00012,500,00013,500,00014,600,0001,500,0001,200,000
total shareholders funds-4,600,00020,700,00023,900,0003,800,0007,400,000-500,000-31,000,000-17,600,000-45,700,00012,500,00013,500,00014,600,0001,500,0001,200,000
Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,700,0008,200,00014,000,00015,800,0004,000,0004,300,0009,400,0008,100,0009,400,0002,000,0002,900,000-18,400,0002,800,0003,500,000
Depreciation12,200,00011,500,00024,300,00017,500,0006,600,0006,100,0009,200,0008,400,0008,300,0007,600,0007,200,0007,500,0007,500,0007,900,000
Amortisation00000000000000
Tax-1,500,000-2,200,000-1,600,000-2,200,000-1,600,000-1,700,000-3,300,000-700,000-700,000-700,000-800,0005,300,000-400,000-400,000
Stock-5,100,00011,600,0005,900,000-14,900,000-100,0002,800,00049,500,000300,000-2,000,000400,0001,400,0002,400,0002,000,00039,800,000
Debtors-22,800,000-15,900,000-47,600,000113,500,0003,800,000-2,400,00048,900,000-1,600,000-8,000,000-300,000-7,800,000-5,700,0001,800,00059,900,000
Creditors-15,100,0004,000,0007,500,000-17,100,0002,300,0001,000,00056,200,000500,000-1,400,0003,100,000800,000-1,000,0001,300,00033,500,000
Accruals and Deferred Income5,400,000-1,900,000800,0004,300,000-1,500,0001,100,0008,000,000-1,700,000-2,600,000200,0002,700,0000800,0007,400,000
Deferred Taxes & Provisions00000000000000
Cash flow from operations32,600,00023,900,00086,700,000-80,300,0006,100,00010,400,000-18,900,00015,900,00023,000,00012,100,00019,200,000-3,300,0008,200,000-47,800,000
Investing Activities
capital expenditure-1,200,000-6,000,000-21,100,000-60,400,000-5,100,000-5,200,000-54,300,000-12,400,000-8,500,000-9,800,000-9,300,000-6,900,000-7,600,000-41,800,000
Change in Investments600,000-1,900,000-1,200,000-700,000-400,000-400,00017,200,000-300,00017,800,00000000
cash flow from investments-1,800,000-4,100,000-19,900,000-59,700,000-4,700,000-4,800,000-71,500,000-12,100,000-26,300,000-9,800,000-9,300,000-6,900,000-7,600,000-41,800,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts28,400,000-1,400,000-37,700,00056,600,000-14,700,000-7,200,00070,700,00015,200,000-5,500,0002,900,000-7,200,00026,600,0003,800,00014,400,000
Other Short Term Loans 00000000000000
Long term loans-46,000,000-7,500,000-22,400,00046,400,0000-700,00030,200,000000-500,000-32,300,000063,000,000
Hire Purchase and Lease Commitments-6,500,000-2,000,000-3,400,00045,000,0000000-400,000-1,000,000-2,600,000-2,600,000200,0006,400,000
other long term liabilities00000000000000
share issue-21,900,000-6,300,0009,900,000-11,100,0005,500,00029,100,000-35,200,00024,300,000-63,900,000-200,000-400,00029,900,000200,0001,300,000
interest-5,600,000-2,900,000-2,200,000-3,100,0000-1,200,000-1,900,000-3,600,000-3,000,000-2,100,000-2,800,000-3,700,000-2,300,000-3,200,000
cash flow from financing-51,600,000-20,100,000-55,800,000133,800,000-9,200,00020,000,00063,800,00035,900,000-72,800,000-400,000-13,500,00017,900,0001,900,00081,900,000
cash and cash equivalents
cash-600,000-200,000100,000-5,200,000-15,200,000-8,500,00030,300,0003,400,000-400,000800,000-2,500,0002,500,000-500,000500,000
overdraft000000000-1,100,0001,100,000-5,200,000-3,000,0008,200,000
change in cash-600,000-200,000100,000-5,200,000-15,200,000-8,500,00030,300,0003,400,000-400,0001,900,000-3,600,0007,700,0002,500,000-7,700,000

british polythene 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 Limited Competitor Analysis

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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 Shareholders

british polythene industries limited 100%

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).

officercountryagestartendrole
Dr Andrew GreenUnited Kingdom60 years Jan 2008- Director
Dr Andrew GreenEngland60 years Jan 2008- Director
Mr Jason Greene54 years Jul 2019- Director
Mr Mark MilesEngland53 years Jul 2019- Director
Mr Sander ZwarthofEngland49 years Apr 2024- Director

P&L

September 2023

turnover

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 2023

net 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

BERRY GLOBAL GROUP INC

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

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 limited Companies House Filings - See Documents

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