whs plastics limited
whs plastics limited Company Information
Company Number
00689319
Next Accounts
Sep 2025
Shareholders
w h smith & sons holdings ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
water orton lane, minworth, sutton coldfield, west midlands, B76 9BG
Website
www.whs-plastics.comwhs plastics limited Estimated Valuation
Pomanda estimates the enterprise value of WHS PLASTICS LIMITED at £26.5m based on a Turnover of £45.3m and 0.58x industry multiple (adjusted for size and gross margin).
whs plastics limited Estimated Valuation
Pomanda estimates the enterprise value of WHS PLASTICS LIMITED at £0 based on an EBITDA of £-1.5m and a 4.5x industry multiple (adjusted for size and gross margin).
whs plastics limited Estimated Valuation
Pomanda estimates the enterprise value of WHS PLASTICS LIMITED at £28.8m based on Net Assets of £17.3m and 1.67x industry multiple (adjusted for liquidity).
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Whs Plastics Limited Overview
Whs Plastics Limited is a live company located in sutton coldfield, B76 9BG with a Companies House number of 00689319. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in April 1961, it's largest shareholder is w h smith & sons holdings ltd with a 100% stake. Whs Plastics Limited is a mature, large sized company, Pomanda has estimated its turnover at £45.3m with declining growth in recent years.
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Whs Plastics Limited Health Check
Pomanda's financial health check has awarded Whs Plastics Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £60.9m, make it larger than the average company (£15.1m)
£60.9m - Whs Plastics Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.6%)
1% - Whs Plastics Limited
6.6% - Industry AVG
Production
with a gross margin of 14.4%, this company has a higher cost of product (26.2%)
14.4% - Whs Plastics Limited
26.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (5.9%)
-0.1% - Whs Plastics Limited
5.9% - Industry AVG
Employees
with 507 employees, this is above the industry average (89)
507 - Whs Plastics Limited
89 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has an equivalent pay structure (£36.2k)
£29.4k - Whs Plastics Limited
£36.2k - Industry AVG
Efficiency
resulting in sales per employee of £120.1k, this is less efficient (£166.1k)
£120.1k - Whs Plastics Limited
£166.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (54 days)
42 days - Whs Plastics Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (41 days)
40 days - Whs Plastics Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is in line with average (60 days)
51 days - Whs Plastics Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (12 weeks)
11 weeks - Whs Plastics Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.7%, this is a lower level of debt than the average (42.7%)
33.7% - Whs Plastics Limited
42.7% - Industry AVG
WHS PLASTICS LIMITED financials
Whs Plastics Limited's latest turnover from December 2023 is £45.3 million and the company has net assets of £17.3 million. According to their latest financial statements, Whs Plastics Limited has 540 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 45,266,000 | 60,892,000 | 46,264,809 | 48,411,014 | 59,162,640 | 65,239,339 | 71,456,255 | 60,713,277 | 48,475,567 | 36,321,650 | 32,603,958 | 26,302,620 | 14,817,000 | 12,451,000 | 12,059,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 40,887,000 | 52,134,000 | 42,667,573 | 46,222,407 | 51,834,866 | 54,001,249 | 58,592,926 | 49,098,957 | 38,710,745 | 27,961,608 | 24,852,797 | 21,697,831 | |||
| Gross Profit | 4,379,000 | 8,758,000 | 3,597,236 | 2,188,607 | 7,327,774 | 11,238,090 | 12,863,329 | 11,614,320 | 9,764,822 | 8,360,042 | 7,751,161 | 4,604,789 | |||
| Admin Expenses | 7,333,000 | 8,803,000 | 7,708,219 | 4,977,248 | 6,698,721 | 7,308,923 | 6,714,012 | 6,474,409 | 5,263,933 | 4,864,076 | 4,725,706 | 4,018,387 | |||
| Operating Profit | -2,954,000 | -45,000 | -4,110,983 | -2,788,641 | 629,053 | 3,929,167 | 6,149,317 | 5,139,911 | 4,500,889 | 3,495,966 | 3,025,455 | 586,402 | 70,000 | 163,000 | |
| Interest Payable | 5,000 | 7,000 | 24,469 | 30,019 | 62,523 | 76,584 | 134,142 | 59,745 | 34,695 | 42,654 | 73,838 | 42,360 | 13,000 | 14,000 | 3,000 |
| Interest Receivable | 68,000 | 14,000 | 20 | 1,173 | 3,608 | 1,438 | 481 | 16,620 | 7,322 | 5,892 | 3,594 | 7,269 | 7,000 | 5,000 | 71,000 |
| Pre-Tax Profit | -2,891,000 | -38,000 | -4,135,432 | -2,817,487 | 570,138 | 3,854,021 | 6,015,656 | 5,096,786 | 4,473,516 | 3,459,204 | 3,045,211 | 551,311 | 140,000 | 158,000 | 68,000 |
| Tax | -307,000 | -24,000 | 936,986 | 387,194 | -155,950 | -792,714 | -1,157,457 | -1,032,222 | -890,801 | -704,693 | -563,995 | -141,386 | -49,000 | -50,000 | -24,000 |
| Profit After Tax | -3,198,000 | -62,000 | -3,198,446 | -2,430,293 | 414,188 | 3,061,307 | 4,858,199 | 4,064,564 | 3,582,715 | 2,754,511 | 2,481,216 | 409,925 | 91,000 | 108,000 | 44,000 |
| Dividends Paid | 1,500,000 | ||||||||||||||
| Retained Profit | -3,198,000 | -62,000 | -3,198,446 | -2,430,293 | 414,188 | 3,061,307 | 4,858,199 | 4,064,564 | 3,582,715 | 2,754,511 | 2,481,216 | 409,925 | 91,000 | 108,000 | -1,456,000 |
| Employee Costs | 11,763,000 | 14,918,000 | 11,482,680 | 11,488,424 | 14,063,465 | 14,763,606 | 16,266,477 | 12,971,714 | 11,054,163 | 9,269,269 | 8,316,794 | 7,254,677 | 4,991,000 | 4,637,000 | 4,559,000 |
| Number Of Employees | 540 | 507 | 419 | 414 | 554 | 620 | 702 | 552 | 465 | 424 | 410 | 363 | 267 | 259 | 256 |
| EBITDA* | -1,470,000 | 2,188,000 | -1,809,350 | -490,016 | 2,981,207 | 6,204,147 | 8,157,840 | 6,189,553 | 5,199,965 | 4,195,371 | 3,669,289 | 1,011,404 | 391,000 | 508,000 | 471,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,515,000 | 8,182,000 | 9,838,350 | 10,573,346 | 11,597,168 | 13,169,940 | 15,118,394 | 15,072,215 | 5,872,969 | 4,187,958 | 3,499,255 | 3,314,320 | 1,638,000 | 1,211,000 | 1,106,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 490,000 | 490,000 | 490,000 | 490,000 | 490,000 | 490,000 | 490,000 | 90,000 | 90,000 | 90,000 | 90,000 | ||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 8,005,000 | 8,672,000 | 10,328,350 | 11,063,346 | 12,087,168 | 13,659,940 | 15,608,394 | 15,162,215 | 5,962,969 | 4,277,958 | 3,589,255 | 3,314,320 | 1,638,000 | 1,211,000 | 1,106,000 |
| Stock & work in progress | 6,987,000 | 7,346,000 | 8,751,611 | 12,901,981 | 11,612,723 | 9,017,811 | 7,537,108 | 8,869,856 | 6,530,724 | 6,453,271 | 4,462,824 | 3,295,133 | 2,937,000 | 1,596,000 | 1,360,000 |
| Trade Debtors | 7,390,000 | 7,042,000 | 7,855,624 | 10,214,971 | 5,308,804 | 10,995,025 | 14,212,281 | 14,204,607 | 10,245,271 | 8,293,320 | 5,302,452 | 5,888,654 | 2,953,000 | 1,637,000 | 2,085,000 |
| Group Debtors | 1,224,000 | 2,396,000 | 4,816,182 | 2,251,277 | 1,450,056 | 1,917,936 | 1,498,176 | 1,128,848 | 1,785,600 | 1,594,587 | 1,157,285 | 1,216,904 | 829,000 | 249,000 | 178,000 |
| Misc Debtors | 3,505,000 | 3,195,000 | 3,484,410 | 1,777,678 | 1,407,171 | 845,070 | 752,188 | 333,343 | 241,041 | 247,776 | 133,361 | 148,369 | 398,000 | 427,000 | 286,000 |
| Cash | 1,069,000 | 2,269,000 | 2,330,537 | 133,881 | 3,223,392 | 4,249,436 | 3,322,444 | 259,053 | 1,213,527 | 84,102 | 98,265 | 374,633 | 2,078,000 | 1,763,000 | 1,388,000 |
| misc current assets | 54,000 | 54,000 | 53,000 | ||||||||||||
| total current assets | 20,175,000 | 22,248,000 | 27,238,364 | 27,279,788 | 23,002,146 | 27,025,278 | 27,322,197 | 24,795,707 | 20,016,163 | 16,673,056 | 11,154,187 | 10,923,693 | 9,249,000 | 5,726,000 | 5,350,000 |
| total assets | 28,180,000 | 30,920,000 | 37,566,714 | 38,343,134 | 35,089,314 | 40,685,218 | 42,930,591 | 39,957,922 | 25,979,132 | 20,951,014 | 14,743,442 | 14,238,013 | 10,887,000 | 6,937,000 | 6,456,000 |
| Bank overdraft | 2,691,082 | 466,010 | 2,516,389 | 406,408 | 1,983,668 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 7,071,000 | 5,815,000 | 7,262,603 | 6,571,585 | 2,926,932 | 5,704,455 | 5,908,120 | 9,477,398 | 5,157,836 | 2,562,739 | 2,577,717 | 3,023,441 | 2,909,000 | 1,445,000 | 839,000 |
| Group/Directors Accounts | 2,206,000 | 1,870,000 | 7,232,749 | 1,684,899 | 1,627,973 | 3,127,743 | 5,842,919 | 4,892,383 | 3,553,721 | 2,367,601 | 1,293,285 | 1,360,317 | 451,000 | 233,000 | 463,000 |
| other short term finances | 150,000 | ||||||||||||||
| hp & lease commitments | 38,000 | 90,322 | 578,759 | 1,302,496 | 1,264,187 | 1,509,052 | 1,001,608 | 88,436 | 198,340 | 332,774 | 416,422 | 161,000 | 30,000 | ||
| other current liabilities | 1,608,000 | 2,704,000 | 2,388,702 | 2,217,054 | 1,857,062 | 2,495,640 | 3,618,128 | 3,262,484 | 2,932,275 | 2,964,367 | 2,397,724 | 1,804,686 | 2,618,000 | 728,000 | 796,000 |
| total current liabilities | 10,885,000 | 10,427,000 | 16,974,376 | 13,743,379 | 7,714,463 | 12,592,025 | 17,028,219 | 19,099,883 | 11,732,268 | 10,609,436 | 7,007,908 | 8,588,534 | 6,139,000 | 2,436,000 | 2,098,000 |
| loans | |||||||||||||||
| hp & lease commitments | 37,635 | 127,957 | 494,491 | 1,685,582 | 2,601,889 | 2,519,469 | 264,588 | 198,340 | 531,120 | 191,000 | 35,000 | ||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 125,000 | ||||||||||||||
| provisions | 718,649 | 696,918 | 638,357 | 592,536 | 488,822 | 197,092 | 139,109 | 89,236 | 26,617 | ||||||
| total long term liabilities | 37,635 | 846,606 | 1,191,409 | 2,323,939 | 3,194,425 | 3,008,291 | 461,680 | 139,109 | 287,576 | 682,737 | 191,000 | 35,000 | |||
| total liabilities | 10,885,000 | 10,427,000 | 17,012,011 | 14,589,985 | 8,905,872 | 14,915,964 | 20,222,644 | 22,108,174 | 12,193,948 | 10,748,545 | 7,295,484 | 9,271,271 | 6,330,000 | 2,471,000 | 2,098,000 |
| net assets | 17,295,000 | 20,493,000 | 20,554,703 | 23,753,149 | 26,183,442 | 25,769,254 | 22,707,947 | 17,849,748 | 13,785,184 | 10,202,469 | 7,447,958 | 4,966,742 | 4,557,000 | 4,466,000 | 4,358,000 |
| total shareholders funds | 17,295,000 | 20,493,000 | 20,554,703 | 23,753,149 | 26,183,442 | 25,769,254 | 22,707,947 | 17,849,748 | 13,785,184 | 10,202,469 | 7,447,958 | 4,966,742 | 4,557,000 | 4,466,000 | 4,358,000 |
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -2,954,000 | -45,000 | -4,110,983 | -2,788,641 | 629,053 | 3,929,167 | 6,149,317 | 5,139,911 | 4,500,889 | 3,495,966 | 3,025,455 | 586,402 | 70,000 | 163,000 | |
| Depreciation | 1,484,000 | 2,233,000 | 2,301,633 | 2,298,625 | 2,352,154 | 2,274,980 | 2,008,523 | 1,049,642 | 699,076 | 699,405 | 643,834 | 425,002 | 321,000 | 345,000 | 471,000 |
| Amortisation | |||||||||||||||
| Tax | -307,000 | -24,000 | 936,986 | 387,194 | -155,950 | -792,714 | -1,157,457 | -1,032,222 | -890,801 | -704,693 | -563,995 | -141,386 | -49,000 | -50,000 | -24,000 |
| Stock | -1,764,611 | -1,405,611 | -4,150,370 | 1,289,258 | 2,594,912 | 1,480,703 | -1,332,748 | 2,339,132 | 77,453 | 1,990,447 | 1,167,691 | 358,133 | 1,341,000 | 236,000 | 1,360,000 |
| Debtors | -4,037,216 | -3,523,216 | 1,912,290 | 6,077,895 | -5,592,000 | -2,704,614 | 795,847 | 3,394,886 | 2,136,229 | 3,542,585 | -660,829 | 3,073,927 | 1,867,000 | -236,000 | 2,549,000 |
| Creditors | -191,603 | -1,447,603 | 691,018 | 3,644,653 | -2,777,523 | -203,665 | -3,569,278 | 4,319,562 | 2,595,097 | -14,978 | -445,724 | 114,441 | 1,464,000 | 606,000 | 839,000 |
| Accruals and Deferred Income | -780,702 | 315,298 | 171,648 | 359,992 | -638,578 | -1,122,488 | 355,644 | 330,209 | -32,092 | 566,643 | 593,038 | -813,314 | 1,890,000 | -68,000 | 796,000 |
| Deferred Taxes & Provisions | -718,649 | 21,731 | 58,561 | 45,821 | 103,714 | 291,730 | 57,983 | 49,873 | 62,619 | 26,617 | |||||
| Cash flow from operations | 3,052,522 | 5,960,522 | 1,509,733 | -3,443,599 | 2,464,805 | 5,355,012 | 4,427,364 | 4,364,814 | 4,716,470 | -1,440,816 | 2,808,365 | -3,234,298 | 488,000 | 996,000 | -1,827,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 400,000 | 90,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -5,026,749 | -5,362,749 | 5,547,850 | 56,926 | -1,499,770 | -2,715,176 | 950,536 | 1,338,662 | 1,186,120 | 1,074,316 | -67,032 | 909,317 | 218,000 | -230,000 | 463,000 |
| Other Short Term Loans | -150,000 | 150,000 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -127,957 | -89,957 | -578,759 | -1,090,271 | -1,152,782 | -1,161,172 | 589,864 | 3,168,053 | 154,684 | -332,774 | -416,428 | 595,542 | 287,000 | 65,000 | |
| other long term liabilities | -125,000 | 125,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | 63,000 | 7,000 | -24,449 | -28,846 | -58,915 | -75,146 | -133,661 | -43,125 | -27,373 | -36,762 | -70,244 | -35,091 | -6,000 | -9,000 | 68,000 |
| cash flow from financing | -5,153,409 | -5,445,409 | 4,944,642 | -1,062,191 | -2,711,467 | -4,101,494 | 1,556,739 | 4,463,590 | 1,313,431 | 704,780 | -678,704 | 1,594,585 | 499,000 | -174,000 | 6,345,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,261,537 | -61,537 | 2,196,656 | -3,089,511 | -1,026,044 | 926,992 | 3,063,391 | -954,474 | 1,129,425 | -14,163 | -276,368 | -1,703,367 | 315,000 | 375,000 | 1,388,000 |
| overdraft | -2,691,082 | 2,691,082 | -466,010 | 466,010 | -2,516,389 | 2,109,981 | -1,577,260 | 1,983,668 | |||||||
| change in cash | -1,261,537 | -61,537 | 4,887,738 | -5,780,593 | -1,026,044 | 926,992 | 3,529,401 | -1,420,484 | 3,645,814 | -2,124,144 | 1,300,892 | -3,687,035 | 315,000 | 375,000 | 1,388,000 |
whs plastics limited Credit Report and Business Information
Whs Plastics Limited Competitor Analysis
Perform a competitor analysis for whs plastics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in B76 area or any other competitors across 12 key performance metrics.
whs plastics limited Ownership
WHS PLASTICS LIMITED group structure
Whs Plastics Limited has 1 subsidiary company.
Ultimate parent company
2 parents
WHS PLASTICS LIMITED
00689319
1 subsidiary
whs plastics limited directors
Whs Plastics Limited currently has 4 directors. The longest serving directors include Mr Clinton Smith (Apr 1992) and Mr Bradley Smith (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clinton Smith | 71 years | Apr 1992 | - | Director | |
| Mr Bradley Smith | England | 39 years | Oct 2012 | - | Director |
| Mr Paul Nicholson | 60 years | Mar 2020 | - | Director | |
| Mr Mathieu Dore | 49 years | Sep 2024 | - | Director |
P&L
December 2023turnover
45.3m
-2%
operating profit
-3m
-28%
gross margin
9.7%
+24.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
17.3m
-0.16%
total assets
28.2m
-0.25%
cash
1.1m
-0.54%
net assets
Total assets minus all liabilities
whs plastics limited company details
company number
00689319
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
April 1961
age
64
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
w.h.smith & sons(tools)limited (February 2014)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
water orton lane, minworth, sutton coldfield, west midlands, B76 9BG
Bank
HSBC BANK PLC
Legal Advisor
-
whs plastics 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 8 charges/mortgages relating to whs plastics limited. Currently there are 1 open charges and 7 have been satisfied in the past.
whs plastics 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.
Click to start generating capital raising & share issue transactions for WHS PLASTICS LIMITED. This can take several minutes, an email will notify you when this has completed.
whs plastics limited Companies House Filings - See Documents
| date | description | view/download |
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