Plastic-formers Limited

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plastic-formers limited Company Information

Company Number

00606419

Next Accounts

363 days late

Directors

Stuart Jepson

Alexandra Rhodes

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Shareholders

plastic formers management limited

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

riverside house irwell street, manchester, united kingdom, M3 5EN

Website

www.plasticformers.co.uk

plastic-formers limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of PLASTIC-FORMERS LIMITED at £1.9m based on a Turnover of £2.8m and 0.69x industry multiple (adjusted for size and gross margin).

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Plastic-formers Limited is a live company located in united kingdom, M3 5EN with a Companies House number of 00606419. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in June 1958, it's largest shareholder is plastic formers management limited with a 100% stake. Plastic-formers Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Plastic-Formers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.9%)

EXPORT

Plastic-Formers Limited's latest turnover from June 2022 is estimated at £2.8 million and the company has net assets of £79.2 thousand. According to their latest financial statements, Plastic-Formers Limited has 31 employees and maintains cash reserves of £158.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,771,468	2,583,873	2,620,212	2,963,224	2,771,183	2,630,429	2,072,657	2,931,206	3,254,117	2,695,034	3,187,356	2,505,152	2,874,152
Other Income Or Grants
Cost Of Sales	1,934,455	1,847,544	1,845,143	2,056,111	1,923,400	1,781,220	1,399,332	1,997,375	2,209,523	1,831,860	2,123,494	1,610,032	1,925,001
Gross Profit	837,013	736,329	775,069	907,113	847,783	849,209	673,325	933,831	1,044,594	863,174	1,063,862	895,120	949,151
Admin Expenses	914,531	713,611	716,904	887,240	815,225	825,471	547,270	918,319	1,009,886	978,131	842,061	824,253	747,626
Operating Profit	-77,518	22,718	58,165	19,873	32,558	23,738	126,055	15,512	34,708	-114,957	221,801	70,867	201,525
Interest Payable	28,386	22,667	23,548	29,294	28,554	14,306	1,831				14,461	24,592
Interest Receivable	3,302	324	148	186	253	176	380	255	106	60			1
Pre-Tax Profit	-102,602	375	34,765	-9,234	4,257	9,607	124,604	15,768	34,814	-114,897	207,340	46,275	201,526
Tax		-71	-6,605		-809	-1,825	-24,921	-3,153	-7,311		-57,509	-8,680	-56,427
Profit After Tax	-102,602	304	28,160	-9,234	3,448	7,782	99,683	12,614	27,503	-114,897	149,831	37,595	145,099
Dividends Paid											123,300	83,419
Retained Profit	-102,602	304	28,160	-9,234	3,448	7,782	99,683	12,614	27,503	-114,897	26,531	-45,824	145,099
Employee Costs	1,207,464	1,220,212	1,284,034	1,372,851	1,348,191	1,365,517	533,280	687,805	761,351	654,545	755,624	611,728	734,665
Number Of Employees	31	33	35	38	38	40	16	21	24	21	24	20	25
EBITDA*	20,157	129,436	129,759	88,278	90,954	73,685	183,404	65,056	94,256	-45,435	303,733	163,227	312,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	291,088	385,385	484,273	292,620	360,467	280,144	324,660	379,342	316,087	371,239	438,110	464,176	552,144
Intangible Assets
Investments & Other
Debtors (Due After 1 year)		35,215	50,952	456,706	320,432	223,330	182,985	210,380	134,947	75,952	102,178	282,094	264,569
Total Fixed Assets	291,088	420,600	535,225	749,326	680,899	503,474	507,645	589,722	451,034	447,191	540,288	746,270	816,713
Stock & work in progress	81,594	61,043	98,893	21,700	21,371	27,580	23,516	36,384	58,075	22,907	40,715	29,861	32,413
Trade Debtors	410,089	405,670	344,117	389,387	417,870	412,365	528,453	477,089	594,759	487,077	599,177	547,474	445,727
Group Debtors
Misc Debtors	295,769	99,522	100,262	92,524	94,828	91,061	99,056					21,319
Cash	158,114	370,193	277,910	18,800	30,914	70,431	70,069	81,877	20,248	22,259	1,546	928	562
misc current assets
total current assets	945,566	936,428	821,182	522,411	564,983	601,437	721,094	595,350	673,082	532,243	641,438	599,582	478,702
total assets	1,236,654	1,357,028	1,356,407	1,271,737	1,245,882	1,104,911	1,228,739	1,185,072	1,124,116	979,434	1,181,726	1,345,852	1,295,415
Bank overdraft	10,192	10,000	833	40,790	40,790	27,406	30,000					507,980
Bank loan
Trade Creditors	433,054	337,366	337,582	560,836	429,262	314,002	287,470	952,881	957,764	802,090	987,740	463,355	1,011,206
Group/Directors Accounts
other short term finances	382,013	312,750	331,276	339,962	384,735	374,032
hp & lease commitments	50,592	50,592	50,592	14,718	18,979	18,979	18,979					58,195
other current liabilities	96,190	204,845	121,147	103,774	102,443	139,604	619,600					152,794
total current liabilities	972,041	915,553	841,430	1,060,080	976,209	874,023	956,049	952,881	957,764	802,090	987,740	1,182,324	1,011,206
loans	28,959	39,151	49,167	10,043	51,636		26,345
hp & lease commitments	105,412	152,394	198,402		12,038	28,337	44,636					7,278
Accruals and Deferred Income
other liabilities								122,283	85,422	117,401			70,497
provisions	51,076	68,162	85,944	48,310	43,461	43,461	50,401	58,283	41,919	48,435	67,581	56,376	68,013
total long term liabilities	185,447	259,707	333,513	58,353	107,135	71,798	121,382	180,566	127,341	165,836	67,581	63,654	138,510
total liabilities	1,157,488	1,175,260	1,174,943	1,118,433	1,083,344	945,821	1,077,431	1,133,447	1,085,105	967,926	1,055,321	1,245,978	1,149,716
net assets	79,166	181,768	181,464	153,304	162,538	159,090	151,308	51,625	39,011	11,508	126,405	99,874	145,699
total shareholders funds	79,166	181,768	181,464	153,304	162,538	159,090	151,308	51,625	39,011	11,508	126,405	99,874	145,699

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-77,518	22,718	58,165	19,873	32,558	23,738	126,055	15,512	34,708	-114,957	221,801	70,867	201,525
Depreciation	97,675	106,718	71,594	68,405	58,396	49,947	57,349	49,544	59,548	69,522	81,932	92,360	111,143
Amortisation
Tax		-71	-6,605		-809	-1,825	-24,921	-3,153	-7,311		-57,509	-8,680	-56,427
Stock	20,551	-37,850	77,193	329	-6,209	4,064	-12,868	-21,691	35,168	-17,808	10,854	-2,552	32,413
Debtors	165,451	45,076	-443,286	105,487	106,374	-83,738	123,025	-42,237	166,677	-138,326	-149,532	140,591	710,296
Creditors	95,688	-216	-223,254	131,574	115,260	26,532	-665,411	-4,883	155,674	-185,650	524,385	-547,851	1,011,206
Accruals and Deferred Income	-108,655	83,698	17,373	1,331	-37,161	-479,996	619,600				-152,794	152,794
Deferred Taxes & Provisions	-17,086	-17,782	37,634	4,849		-6,940	-7,882	16,364	-6,516	-19,146	11,205	-11,637	68,013
Cash flow from operations	-195,898	187,839	321,000	120,216	68,079	-308,870	-5,367	137,312	34,258	-94,097	767,698	-390,186	592,751
Investing Activities
capital expenditure	-3,378	-7,830	-263,247	-558	-138,719	-5,431	-2,667	-112,799	-4,396	-2,651	-55,866	-4,392	-663,287
Change in Investments
cash flow from investments	-3,378	-7,830	-263,247	-558	-138,719	-5,431	-2,667	-112,799	-4,396	-2,651	-55,866	-4,392	-663,287
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans	69,263	-18,526	-8,686	-44,773	10,703	374,032
Long term loans	-10,192	-10,016	39,124	-41,593	51,636	-26,345	26,345
Hire Purchase and Lease Commitments	-46,982	-46,008	234,276	-16,299	-16,299	-16,299	63,615				-65,473	65,473
other long term liabilities							-122,283	36,861	-31,979	117,401		-70,497	70,497
share issue												-1	600
interest	-25,084	-22,343	-23,400	-29,108	-28,301	-14,130	-1,451	255	106	60	-14,461	-24,592	1
cash flow from financing	-12,995	-96,893	241,314	-131,773	17,739	317,258	-33,774	37,116	-31,873	117,461	-79,934	-29,617	71,098
cash and cash equivalents
cash	-212,079	92,283	259,110	-12,114	-39,517	362	-11,808	61,629	-2,011	20,713	618	366	562
overdraft	192	9,167	-39,957		13,384	-2,594	30,000				-507,980	507,980
change in cash	-212,271	83,116	299,067	-12,114	-52,901	2,956	-41,808	61,629	-2,011	20,713	508,598	-507,614	562

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PLASTIC-FORMERS LIMITED group structure

Plastic-Formers Limited has no subsidiary companies.

Ultimate parent company

PLASTIC FORMERS MANAGEMENT LIMITED

02479665

1 parent

PLASTIC-FORMERS LIMITED

00606419

PLASTIC-FORMERS LIMITED Shareholders

plastic formers management limited

100%

Plastic-Formers Limited currently has 3 directors. The longest serving directors include Mr Stuart Jepson (Dec 1991) and Mrs Alexandra Rhodes (Mar 2000).

officer	age	start	end	role
Mr Stuart Jepson	79 years	Dec 1991	-	Director
Mrs Alexandra Rhodes	50 years	Mar 2000	-	Director
Mr Daniel Jepson	49 years	Mar 2000	-	Director

P&L

June 2022

turnover

2.8m

+7%

operating profit

-77.5k

gross margin

30.3%

+5.98%

turnover

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

Balance Sheet

June 2022

net assets

79.2k

-0.56%

total assets

1.2m

-0.09%

cash

158.1k

-0.57%

net assets

Total assets minus all liabilities

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company number

00606419

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

June 1958

ultimate parent company

PLASTIC FORMERS MANAGEMENT LIMITED

previous names

N/A

address

riverside house irwell street, manchester, united kingdom, M3 5EN

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 7 charges/mortgages relating to plastic-formers limited. Currently there are 4 open charges and 3 have been satisfied in the past.

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plastic-formers limited Company Information

plastic-formers limited Estimated Valuation

plastic-formers limited Estimated Valuation

plastic-formers limited Estimated Valuation

Plastic-formers Limited Overview

Plastic-formers Limited Health Check

PLASTIC-FORMERS LIMITED financials

plastic-formers limited Credit Report and Business Information

Plastic-formers Limited Competitor Analysis

plastic-formers limited Ownership

plastic-formers limited directors

plastic-formers limited company details

plastic-formers limited Charges & Mortgages

plastic-formers limited Capital Raised & Share Issues BETA

plastic-formers limited Companies House Filings - See Documents