arjo wiggins fine papers limited
arjo wiggins fine papers limited Company Information
Company Number
00961440
Website
www.arjowiggins.comRegistered Address
2nd floor 110 cannon street, london, EC4N 6EU
Industry
Manufacture of paper and paperboard
Telephone
01256728745
Next Accounts Due
1723 days late
Group Structure
View All
Directors
Alain Gourjon12 Years
Shareholders
wiggins teape group ltd 100%
arjo wiggins fine papers limited Estimated Valuation
Pomanda estimates the enterprise value of ARJO WIGGINS FINE PAPERS LIMITED at £95.2m based on a Turnover of £123.6m and 0.77x industry multiple (adjusted for size and gross margin).
arjo wiggins fine papers limited Estimated Valuation
Pomanda estimates the enterprise value of ARJO WIGGINS FINE PAPERS LIMITED at £25.8m based on an EBITDA of £4.2m and a 6.11x industry multiple (adjusted for size and gross margin).
arjo wiggins fine papers limited Estimated Valuation
Pomanda estimates the enterprise value of ARJO WIGGINS FINE PAPERS LIMITED at £24m based on Net Assets of £15.9m and 1.51x industry multiple (adjusted for liquidity).
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Arjo Wiggins Fine Papers Limited Overview
Arjo Wiggins Fine Papers Limited is a live company located in london, EC4N 6EU with a Companies House number of 00961440. It operates in the manufacture of paper and paperboard sector, SIC Code 17120. Founded in September 1969, it's largest shareholder is wiggins teape group ltd with a 100% stake. Arjo Wiggins Fine Papers Limited is a mature, mega sized company, Pomanda has estimated its turnover at £123.6m with declining growth in recent years.
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Arjo Wiggins Fine Papers Limited Health Check
Pomanda's financial health check has awarded Arjo Wiggins Fine Papers 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
4 Strong
3 Regular
5 Weak
Size
annual sales of £123.6m, make it larger than the average company (£18.3m)
£123.6m - Arjo Wiggins Fine Papers Limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (1%)
-4% - Arjo Wiggins Fine Papers Limited
1% - Industry AVG
Production
with a gross margin of 25.5%, this company has a comparable cost of product (23.5%)
25.5% - Arjo Wiggins Fine Papers Limited
23.5% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (3.7%)
0.8% - Arjo Wiggins Fine Papers Limited
3.7% - Industry AVG
Employees
with 508 employees, this is above the industry average (92)
508 - Arjo Wiggins Fine Papers Limited
92 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£40.2k)
£47.2k - Arjo Wiggins Fine Papers Limited
£40.2k - Industry AVG
Efficiency
resulting in sales per employee of £243.3k, this is more efficient (£174.4k)
£243.3k - Arjo Wiggins Fine Papers Limited
£174.4k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (54 days)
9 days - Arjo Wiggins Fine Papers Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (45 days)
44 days - Arjo Wiggins Fine Papers Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 97 days, this is more than average (42 days)
97 days - Arjo Wiggins Fine Papers Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)
0 weeks - Arjo Wiggins Fine Papers Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.2%, this is a higher level of debt than the average (46.3%)
78.2% - Arjo Wiggins Fine Papers Limited
46.3% - Industry AVG
ARJO WIGGINS FINE PAPERS LIMITED financials
Arjo Wiggins Fine Papers Limited's latest turnover from December 2017 is £123.6 million and the company has net assets of £15.9 million. According to their latest financial statements, Arjo Wiggins Fine Papers Limited has 508 employees and maintains cash reserves of £546 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 123,580,000 | 126,402,000 | 120,869,000 | 139,823,000 | 144,961,000 | 144,811,000 | 167,444,000 | 164,012,000 | 133,102,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 92,119,000 | 92,532,000 | 100,035,000 | 114,959,000 | 117,097,000 | 110,955,000 | 126,230,000 | 118,806,000 | 99,305,000 |
| Gross Profit | 31,461,000 | 33,870,000 | 20,834,000 | 24,864,000 | 27,864,000 | 33,856,000 | 41,214,000 | 45,206,000 | 33,797,000 |
| Admin Expenses | 30,496,000 | 31,271,000 | 28,930,000 | 28,398,000 | 35,302,000 | 35,267,000 | 34,081,000 | 31,955,000 | 34,570,000 |
| Operating Profit | 965,000 | 2,599,000 | -8,096,000 | -3,534,000 | -7,438,000 | -1,411,000 | 7,133,000 | 13,251,000 | -773,000 |
| Interest Payable | 1,908,000 | 1,965,000 | 78,000 | 27,000 | 21,000 | 11,000 | 3,000 | 0 | 9,000 |
| Interest Receivable | 1,262,000 | 1,353,000 | 625,000 | 726,000 | 610,000 | 648,000 | 601,000 | 785,000 | 841,000 |
| Pre-Tax Profit | -70,081,000 | -37,613,000 | -7,549,000 | -2,835,000 | -2,464,000 | -724,000 | 7,229,000 | 14,061,000 | -464,000 |
| Tax | -5,000 | -40,000 | -26,000 | -37,000 | 0 | -154,000 | -194,000 | 48,000 | 300,000 |
| Profit After Tax | -70,086,000 | -37,653,000 | -7,575,000 | -2,872,000 | -2,464,000 | -878,000 | 7,035,000 | 14,109,000 | -164,000 |
| Dividends Paid | 0 | 5,000,000 | 5,000,000 | 6,000,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -70,086,000 | -42,653,000 | -12,575,000 | -8,872,000 | -2,464,000 | -878,000 | 7,035,000 | 14,109,000 | -164,000 |
| Employee Costs | 23,985,000 | 23,176,000 | 21,574,000 | 23,177,000 | 26,651,000 | 25,587,000 | 19,471,000 | 18,928,000 | 18,619,000 |
| Number Of Employees | 508 | 495 | 481 | 465 | 472 | 460 | 462 | 451 | 484 |
| EBITDA* | 4,215,000 | 5,904,000 | -3,478,000 | -236,000 | -3,771,000 | 2,636,000 | 12,052,000 | 17,999,000 | 4,447,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,882,000 | 25,452,000 | 24,457,000 | 19,753,000 | 20,962,000 | 22,733,000 | 25,590,000 | 26,933,000 | 28,091,000 |
| Intangible Assets | 1,990,000 | 1,550,000 | 2,375,000 | 2,994,000 | 89,000 | 486,000 | 337,000 | 265,000 | 718,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 25,872,000 | 27,002,000 | 26,832,000 | 22,747,000 | 21,051,000 | 23,219,000 | 25,927,000 | 27,198,000 | 28,809,000 |
| Stock & work in progress | 24,579,000 | 25,522,000 | 22,306,000 | 25,651,000 | 28,153,000 | 24,130,000 | 23,806,000 | 25,943,000 | 23,509,000 |
| Trade Debtors | 3,288,000 | 4,198,000 | 5,483,000 | 7,339,000 | 4,857,000 | 4,344,000 | 3,937,000 | 4,127,000 | 3,325,000 |
| Group Debtors | 15,928,000 | 86,067,000 | 136,474,000 | 131,917,000 | 146,992,000 | 135,882,000 | 132,089,000 | 134,942,000 | 119,499,000 |
| Misc Debtors | 2,668,000 | 2,651,000 | 3,162,000 | 3,473,000 | 8,016,000 | 3,037,000 | 3,461,000 | 4,182,000 | 4,060,000 |
| Cash | 546,000 | 1,060,000 | 1,144,000 | 835,000 | 381,000 | 0 | 499,000 | 1,163,000 | 1,063,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 47,009,000 | 119,498,000 | 168,569,000 | 169,215,000 | 188,399,000 | 167,393,000 | 163,792,000 | 170,357,000 | 151,456,000 |
| total assets | 72,881,000 | 146,500,000 | 195,401,000 | 191,962,000 | 209,450,000 | 190,612,000 | 189,719,000 | 197,555,000 | 180,265,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 48,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,180,000 | 11,584,000 | 11,956,000 | 11,916,000 | 16,137,000 | 13,029,000 | 13,062,000 | 15,787,000 | 12,731,000 |
| Group/Directors Accounts | 17,218,000 | 12,420,000 | 15,270,000 | 16,884,000 | 17,834,000 | 16,130,000 | 14,528,000 | 24,109,000 | 20,351,000 |
| other short term finances | 2,508,000 | 2,542,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,938,000 | 18,084,000 | 21,468,000 | 21,609,000 | 24,255,000 | 8,141,000 | 7,876,000 | 9,382,000 | 12,320,000 |
| total current liabilities | 43,844,000 | 44,630,000 | 48,694,000 | 50,409,000 | 58,226,000 | 37,348,000 | 35,466,000 | 49,278,000 | 45,402,000 |
| loans | 12,896,000 | 15,425,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 17,738,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 245,000 | 463,000 | 334,000 | 343,000 | 1,142,000 | 718,000 | 829,000 | 1,888,000 | 2,583,000 |
| total long term liabilities | 13,141,000 | 15,888,000 | 18,072,000 | 343,000 | 1,142,000 | 718,000 | 829,000 | 1,888,000 | 2,583,000 |
| total liabilities | 56,985,000 | 60,518,000 | 66,766,000 | 50,752,000 | 59,368,000 | 38,066,000 | 36,295,000 | 51,166,000 | 47,985,000 |
| net assets | 15,896,000 | 85,982,000 | 128,635,000 | 141,210,000 | 150,082,000 | 152,546,000 | 153,424,000 | 146,389,000 | 132,280,000 |
| total shareholders funds | 15,896,000 | 85,982,000 | 128,635,000 | 141,210,000 | 150,082,000 | 152,546,000 | 153,424,000 | 146,389,000 | 132,280,000 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 965,000 | 2,599,000 | -8,096,000 | -3,534,000 | -7,438,000 | -1,411,000 | 7,133,000 | 13,251,000 | -773,000 |
| Depreciation | 2,629,000 | 2,445,000 | 3,445,000 | 3,298,000 | 3,667,000 | 4,047,000 | 4,919,000 | 4,748,000 | 5,220,000 |
| Amortisation | 621,000 | 860,000 | 1,173,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,000 | -40,000 | -26,000 | -37,000 | 0 | -154,000 | -194,000 | 48,000 | 300,000 |
| Stock | -943,000 | 3,216,000 | -3,345,000 | -2,502,000 | 4,023,000 | 324,000 | -2,137,000 | 2,434,000 | 23,509,000 |
| Debtors | -71,032,000 | -52,203,000 | 2,390,000 | -17,136,000 | 16,602,000 | 3,776,000 | -3,764,000 | 16,367,000 | 126,884,000 |
| Creditors | -404,000 | -372,000 | 40,000 | -4,221,000 | 3,108,000 | -33,000 | -2,725,000 | 3,056,000 | 12,731,000 |
| Accruals and Deferred Income | -5,146,000 | -3,384,000 | -141,000 | -2,646,000 | 16,114,000 | 265,000 | -1,506,000 | -2,938,000 | 12,320,000 |
| Deferred Taxes & Provisions | -218,000 | 129,000 | -9,000 | -799,000 | 424,000 | -111,000 | -1,059,000 | -695,000 | 2,583,000 |
| Cash flow from operations | 70,417,000 | 51,224,000 | -2,659,000 | 11,699,000 | -4,750,000 | -1,497,000 | 12,469,000 | -1,331,000 | -118,012,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,798,000 | -2,850,000 | -1,614,000 | -950,000 | 1,704,000 | 1,602,000 | -9,581,000 | 3,758,000 | 20,351,000 |
| Other Short Term Loans | -34,000 | 2,542,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,529,000 | 15,425,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -17,738,000 | 17,738,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -646,000 | -612,000 | 547,000 | 699,000 | 589,000 | 637,000 | 598,000 | 785,000 | 832,000 |
| cash flow from financing | 1,589,000 | -3,233,000 | 16,671,000 | -251,000 | 2,293,000 | 2,239,000 | -8,983,000 | 4,543,000 | 153,627,000 |
| cash and cash equivalents | |||||||||
| cash | -514,000 | -84,000 | 309,000 | 454,000 | 381,000 | -499,000 | -664,000 | 100,000 | 1,063,000 |
| overdraft | 0 | 0 | 0 | 0 | -48,000 | 48,000 | 0 | 0 | 0 |
| change in cash | -514,000 | -84,000 | 309,000 | 454,000 | 429,000 | -547,000 | -664,000 | 100,000 | 1,063,000 |
arjo wiggins fine papers limited Credit Report and Business Information
Arjo Wiggins Fine Papers Limited Competitor Analysis
Perform a competitor analysis for arjo wiggins fine papers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
arjo wiggins fine papers limited Ownership
ARJO WIGGINS FINE PAPERS LIMITED group structure
Arjo Wiggins Fine Papers Limited has no subsidiary companies.
Ultimate parent company
SEQUANA SA
#0062388
2 parents
ARJO WIGGINS FINE PAPERS LIMITED
00961440
arjo wiggins fine papers limited directors
Arjo Wiggins Fine Papers Limited currently has 1 director, Mr Alain Gourjon serving since Feb 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alain Gourjon | France | 59 years | Feb 2012 | - | Director |
P&L
December 2017turnover
123.6m
-2%
operating profit
965k
-63%
gross margin
25.5%
-4.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
15.9m
-0.82%
total assets
72.9m
-0.5%
cash
546k
-0.48%
net assets
Total assets minus all liabilities
arjo wiggins fine papers limited company details
company number
00961440
Type
Private limited with Share Capital
industry
17120 - Manufacture of paper and paperboard
incorporation date
September 1969
age
55
accounts
Full Accounts
ultimate parent company
previous names
wiggins teape fine papers limited (December 1991)
e.s.m. paper company limited (October 1986)
incorporated
UK
address
2nd floor 110 cannon street, london, EC4N 6EU
last accounts submitted
December 2017
arjo wiggins fine papers 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 7 charges/mortgages relating to arjo wiggins fine papers limited. Currently there are 5 open charges and 2 have been satisfied in the past.
arjo wiggins fine papers limited Companies House Filings - See Documents
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