sabic innovative plastics limited
sabic innovative plastics limited Company Information
Company Number
00967609
Next Accounts
Sep 2025
Directors
Shareholders
sabic innovative plastics espana scpa
Group Structure
View All
Industry
Wholesale of petroleum and petroleum products
Registered Address
the wilton centre, redcar, cleveland, TS10 4RF
Website
www.sabic.comsabic innovative plastics limited Estimated Valuation
Pomanda estimates the enterprise value of SABIC INNOVATIVE PLASTICS LIMITED at £1.8m based on a Turnover of £735k and 2.44x industry multiple (adjusted for size and gross margin).
sabic innovative plastics limited Estimated Valuation
Pomanda estimates the enterprise value of SABIC INNOVATIVE PLASTICS LIMITED at £9.5m based on an EBITDA of £355k and a 26.73x industry multiple (adjusted for size and gross margin).
sabic innovative plastics limited Estimated Valuation
Pomanda estimates the enterprise value of SABIC INNOVATIVE PLASTICS LIMITED at £10.8m based on Net Assets of £6.2m and 1.76x industry multiple (adjusted for liquidity).
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Sabic Innovative Plastics Limited Overview
Sabic Innovative Plastics Limited is a live company located in cleveland, TS10 4RF with a Companies House number of 00967609. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in December 1969, it's largest shareholder is sabic innovative plastics espana scpa with a 100% stake. Sabic Innovative Plastics Limited is a mature, small sized company, Pomanda has estimated its turnover at £735k with healthy growth in recent years.
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Sabic Innovative Plastics Limited Health Check
Pomanda's financial health check has awarded Sabic Innovative Plastics Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £735k, make it smaller than the average company (£68.9m)
£735k - Sabic Innovative Plastics Limited
£68.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (13.4%)
9% - Sabic Innovative Plastics Limited
13.4% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (5.9%)
100% - Sabic Innovative Plastics Limited
5.9% - Industry AVG
Profitability
an operating margin of 48.3% make it more profitable than the average company (1.4%)
48.3% - Sabic Innovative Plastics Limited
1.4% - Industry AVG
Employees
with 4 employees, this is below the industry average (24)
4 - Sabic Innovative Plastics Limited
24 - Industry AVG
Pay Structure
on an average salary of £66.8k, the company has an equivalent pay structure (£58.2k)
£66.8k - Sabic Innovative Plastics Limited
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £183.8k, this is less efficient (£2.9m)
£183.8k - Sabic Innovative Plastics Limited
£2.9m - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sabic Innovative Plastics Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Sabic Innovative Plastics Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sabic Innovative Plastics Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sabic Innovative Plastics Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.5%, this is a lower level of debt than the average (72.6%)
4.5% - Sabic Innovative Plastics Limited
72.6% - Industry AVG
SABIC INNOVATIVE PLASTICS LIMITED financials
Sabic Innovative Plastics Limited's latest turnover from December 2023 is £735 thousand and the company has net assets of £6.2 million. According to their latest financial statements, Sabic Innovative Plastics Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 735,000 | 318,000 | 246,000 | 572,000 | 892,000 | 1,345,000 | 2,054,000 | 1,669,000 | 1,749,000 | 1,844,000 | 1,998,000 | 2,109,000 | 2,950,000 | 3,891,000 | 27,852,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 25,088,000 | ||||||||||||||
| Gross Profit | 735,000 | 318,000 | 246,000 | 572,000 | 892,000 | 1,345,000 | 2,054,000 | 1,669,000 | 1,749,000 | 1,844,000 | 1,998,000 | 2,109,000 | 2,950,000 | 3,891,000 | 2,764,000 |
| Admin Expenses | 380,000 | 267,000 | 222,000 | 456,000 | 746,000 | 1,068,000 | 1,098,000 | 1,007,000 | 1,425,000 | 1,528,000 | 1,534,000 | 1,471,000 | 1,332,000 | 1,382,000 | -306,000 |
| Operating Profit | 355,000 | 51,000 | 24,000 | 116,000 | 146,000 | 277,000 | 956,000 | 662,000 | 324,000 | 316,000 | 464,000 | 638,000 | 1,618,000 | 2,509,000 | 3,070,000 |
| Interest Payable | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 1,000 | 2,000 | 10,000 | 32,000 | 101,000 | 10,000 | 170,000 | 622,000 |
| Interest Receivable | 254,000 | 57,000 | 3,000 | 17,000 | 32,000 | 25,000 | 14,000 | 7,000 | 12,000 | 222,000 | 272,000 | 54,000 | 24,000 | 166,000 | 78,000 |
| Pre-Tax Profit | 608,000 | 107,000 | 26,000 | 132,000 | 177,000 | 301,000 | 968,000 | 668,000 | 334,000 | 528,000 | 704,000 | 591,000 | 1,632,000 | 2,505,000 | -9,483,000 |
| Tax | -143,000 | -19,000 | -5,000 | -29,000 | -38,000 | -59,000 | -190,000 | -131,000 | -76,000 | -123,000 | -189,000 | -147,000 | -533,000 | -3,130,000 | 9,173,000 |
| Profit After Tax | 465,000 | 88,000 | 21,000 | 103,000 | 139,000 | 242,000 | 778,000 | 537,000 | 258,000 | 405,000 | 515,000 | 444,000 | 1,099,000 | -625,000 | -310,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 465,000 | 88,000 | 21,000 | 103,000 | 139,000 | 242,000 | 778,000 | 537,000 | 258,000 | 405,000 | 515,000 | 444,000 | 1,099,000 | -625,000 | -310,000 |
| Employee Costs | 267,000 | 177,000 | 168,000 | 427,000 | 653,000 | 856,000 | 823,000 | 972,000 | 1,048,000 | 997,000 | 1,057,000 | 1,090,000 | 1,030,000 | 926,000 | 12,007,000 |
| Number Of Employees | 4 | 3 | 3 | 3 | 5 | 5 | 6 | 7 | 10 | 11 | 11 | 12 | 12 | 12 | 98 |
| EBITDA* | 355,000 | 51,000 | 24,000 | 116,000 | 146,000 | 277,000 | 956,000 | 662,000 | 324,000 | 316,000 | 464,000 | 638,000 | 1,618,000 | 2,509,000 | 3,453,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,936,000 | ||||||||||||||
| Intangible Assets | 881,000 | ||||||||||||||
| Investments & Other | 1,141,000 | ||||||||||||||
| Debtors (Due After 1 year) | 108,000 | 1,475,000 | 9,180,000 | ||||||||||||
| Total Fixed Assets | 108,000 | 1,475,000 | 13,138,000 | ||||||||||||
| Stock & work in progress | 624,000 | ||||||||||||||
| Trade Debtors | 7,469,000 | ||||||||||||||
| Group Debtors | 6,427,000 | 5,784,000 | 5,711,000 | 6,061,000 | 5,992,000 | 5,921,000 | 5,908,000 | 5,446,000 | 7,359,000 | 6,336,000 | 49,449,000 | 39,933,000 | 38,229,000 | 50,264,000 | |
| Misc Debtors | 24,000 | 23,000 | 16,000 | 22,000 | 32,000 | 24,000 | 16,000 | 15,000 | 12,000 | 26,000 | 30,000 | 27,000 | 132,000 | 19,000 | |
| Cash | 8,170,000 | 8,703,000 | 921,000 | 1,111,000 | |||||||||||
| misc current assets | 6,000 | 5,000 | 6,000 | 8,000 | 11,000 | 14,000 | 20,000 | 26,000 | 763,000 | ||||||
| total current assets | 6,451,000 | 5,807,000 | 5,727,000 | 6,083,000 | 6,024,000 | 5,951,000 | 5,929,000 | 5,467,000 | 7,379,000 | 6,373,000 | 49,493,000 | 48,150,000 | 47,090,000 | 51,967,000 | 9,204,000 |
| total assets | 6,451,000 | 5,807,000 | 5,727,000 | 6,083,000 | 6,024,000 | 5,951,000 | 5,929,000 | 5,467,000 | 7,379,000 | 6,373,000 | 49,493,000 | 48,258,000 | 48,565,000 | 51,967,000 | 22,342,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 26,000 | 15,000 | 13,000 | 9,000 | 438,000 | ||||||||||
| Group/Directors Accounts | 176,000 | 31,000 | 42,000 | 37,000 | 38,000 | 75,000 | 215,000 | 573,000 | 2,583,000 | 2,024,000 | 10,295,000 | 9,314,000 | 10,129,000 | 13,580,000 | 60,627,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 112,000 | 78,000 | 75,000 | 47,000 | 90,000 | 119,000 | 199,000 | 157,000 | 596,000 | 407,000 | 635,000 | 907,000 | 845,000 | 799,000 | 125,000 |
| total current liabilities | 288,000 | 109,000 | 117,000 | 84,000 | 128,000 | 194,000 | 414,000 | 730,000 | 3,179,000 | 2,431,000 | 10,956,000 | 10,236,000 | 10,987,000 | 14,388,000 | 61,190,000 |
| loans | 1,100,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 5,353,000 | ||||||||||||||
| total long term liabilities | 1,100,000 | 5,353,000 | |||||||||||||
| total liabilities | 288,000 | 109,000 | 117,000 | 84,000 | 128,000 | 194,000 | 414,000 | 730,000 | 3,179,000 | 2,431,000 | 10,956,000 | 10,236,000 | 10,987,000 | 15,488,000 | 66,543,000 |
| net assets | 6,163,000 | 5,698,000 | 5,610,000 | 5,999,000 | 5,896,000 | 5,757,000 | 5,515,000 | 4,737,000 | 4,200,000 | 3,942,000 | 38,537,000 | 38,022,000 | 37,578,000 | 36,479,000 | -44,201,000 |
| total shareholders funds | 6,163,000 | 5,698,000 | 5,610,000 | 5,999,000 | 5,896,000 | 5,757,000 | 5,515,000 | 4,737,000 | 4,200,000 | 3,942,000 | 38,537,000 | 38,022,000 | 37,578,000 | 36,479,000 | -44,201,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 355,000 | 51,000 | 24,000 | 116,000 | 146,000 | 277,000 | 956,000 | 662,000 | 324,000 | 316,000 | 464,000 | 638,000 | 1,618,000 | 2,509,000 | 3,070,000 |
| Depreciation | 324,000 | ||||||||||||||
| Amortisation | 59,000 | ||||||||||||||
| Tax | -143,000 | -19,000 | -5,000 | -29,000 | -38,000 | -59,000 | -190,000 | -131,000 | -76,000 | -123,000 | -189,000 | -147,000 | -533,000 | -3,130,000 | 9,173,000 |
| Stock | -624,000 | 624,000 | |||||||||||||
| Debtors | 644,000 | 80,000 | -356,000 | 59,000 | 79,000 | 21,000 | 463,000 | -1,910,000 | 1,009,000 | -43,117,000 | 9,411,000 | 232,000 | -10,447,000 | 33,634,000 | 16,649,000 |
| Creditors | -26,000 | 11,000 | 2,000 | 4,000 | -429,000 | 438,000 | |||||||||
| Accruals and Deferred Income | 34,000 | 3,000 | 28,000 | -43,000 | -29,000 | -80,000 | 42,000 | -439,000 | 189,000 | -228,000 | -272,000 | 62,000 | 46,000 | 674,000 | 125,000 |
| Deferred Taxes & Provisions | -5,353,000 | 5,353,000 | |||||||||||||
| Cash flow from operations | -398,000 | -45,000 | 403,000 | -15,000 | 117,000 | 345,000 | 2,002,000 | -572,000 | 43,056,000 | -9,397,000 | 323,000 | 11,582,000 | -38,739,000 | 1,269,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,141,000 | 1,141,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 145,000 | -11,000 | 5,000 | -1,000 | -37,000 | -140,000 | -358,000 | -2,010,000 | 559,000 | -8,271,000 | 981,000 | -815,000 | -3,451,000 | -47,047,000 | 60,627,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,100,000 | 1,100,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 253,000 | 56,000 | 2,000 | 16,000 | 31,000 | 24,000 | 12,000 | 6,000 | 10,000 | 212,000 | 240,000 | -47,000 | 14,000 | -4,000 | -544,000 |
| cash flow from financing | 398,000 | 45,000 | -403,000 | 15,000 | -6,000 | -116,000 | -346,000 | -2,004,000 | 569,000 | -43,059,000 | 1,221,000 | -862,000 | -4,537,000 | 35,354,000 | 16,192,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -8,170,000 | -533,000 | 7,782,000 | -190,000 | 1,111,000 | ||||||||||
| overdraft | |||||||||||||||
| change in cash | -8,170,000 | -533,000 | 7,782,000 | -190,000 | 1,111,000 |
sabic innovative plastics limited Credit Report and Business Information
Sabic Innovative Plastics Limited Competitor Analysis
Perform a competitor analysis for sabic innovative plastics limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in TS10 area or any other competitors across 12 key performance metrics.
sabic innovative plastics limited Ownership
SABIC INNOVATIVE PLASTICS LIMITED group structure
Sabic Innovative Plastics Limited has no subsidiary companies.
Ultimate parent company
SAUDI BASIC INDUSTRIES CORP
#0069137
SABIC INNOVATIVE PLASTICS ESPANA SCPA
#0056515
2 parents
SABIC INNOVATIVE PLASTICS LIMITED
00967609
sabic innovative plastics limited directors
Sabic Innovative Plastics Limited currently has 1 director, Mr Mark Batchelor serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Batchelor | 47 years | Sep 2017 | - | Director |
P&L
December 2023turnover
735k
+131%
operating profit
355k
+596%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.2m
+0.08%
total assets
6.5m
+0.11%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
sabic innovative plastics limited company details
company number
00967609
Type
Private limited with Share Capital
industry
46711 - Wholesale of petroleum and petroleum products
incorporation date
December 1969
age
56
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ge plastics limited (November 2007)
engineering polymers limited (February 1985)
accountant
-
auditor
PRICEWATERHOUSECOOPEERS LLP
address
the wilton centre, redcar, cleveland, TS10 4RF
Bank
-
Legal Advisor
-
sabic innovative 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 2 charges/mortgages relating to sabic innovative plastics limited. Currently there are 2 open charges and 0 have been satisfied in the past.
sabic innovative 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.
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sabic innovative plastics limited Companies House Filings - See Documents
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