maynard & harris plastics Company Information
Company Number
01195337
Next Accounts
Jun 2025
Shareholders
maynard & harris plastics (uk) limited
Group Structure
View All
Industry
Manufacture of plastic packing goods
Registered Address
corby hub 4 sallow road, weldon north industrial estate, corby, NN17 5JX
Website
http://www.mhplastics.commaynard & harris plastics Estimated Valuation
Pomanda estimates the enterprise value of MAYNARD & HARRIS PLASTICS at £143m based on a Turnover of £101.5m and 1.41x industry multiple (adjusted for size and gross margin).
maynard & harris plastics Estimated Valuation
Pomanda estimates the enterprise value of MAYNARD & HARRIS PLASTICS at £161.1m based on an EBITDA of £15.8m and a 10.18x industry multiple (adjusted for size and gross margin).
maynard & harris plastics Estimated Valuation
Pomanda estimates the enterprise value of MAYNARD & HARRIS PLASTICS at £118.3m based on Net Assets of £57.4m and 2.06x industry multiple (adjusted for liquidity).
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Maynard & Harris Plastics Overview
Maynard & Harris Plastics is a live company located in corby, NN17 5JX with a Companies House number of 01195337. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in January 1975, it's largest shareholder is maynard & harris plastics (uk) limited with a 100% stake. Maynard & Harris Plastics is a mature, mega sized company, Pomanda has estimated its turnover at £101.5m with declining growth in recent years.
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Maynard & Harris Plastics Health Check
Pomanda's financial health check has awarded Maynard & Harris Plastics a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs


7 Strong

2 Regular

3 Weak

Size
annual sales of £101.5m, make it larger than the average company (£25.8m)
£101.5m - Maynard & Harris Plastics
£25.8m - Industry AVG

Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (8.8%)
-14% - Maynard & Harris Plastics
8.8% - Industry AVG

Production
with a gross margin of 41%, this company has a lower cost of product (18%)
41% - Maynard & Harris Plastics
18% - Industry AVG

Profitability
an operating margin of 11.1% make it more profitable than the average company (3.5%)
11.1% - Maynard & Harris Plastics
3.5% - Industry AVG

Employees
with 841 employees, this is above the industry average (98)
841 - Maynard & Harris Plastics
98 - Industry AVG

Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£39.3k)
£33.8k - Maynard & Harris Plastics
£39.3k - Industry AVG

Efficiency
resulting in sales per employee of £120.7k, this is less efficient (£262.1k)
£120.7k - Maynard & Harris Plastics
£262.1k - Industry AVG

Debtor Days
it gets paid by customers after 66 days, this is near the average (62 days)
66 days - Maynard & Harris Plastics
62 days - Industry AVG

Creditor Days
its suppliers are paid after 83 days, this is slower than average (47 days)
83 days - Maynard & Harris Plastics
47 days - Industry AVG

Stock Days
it holds stock equivalent to 108 days, this is more than average (55 days)
108 days - Maynard & Harris Plastics
55 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 8 weeks, this is more cash available to meet short term requirements (6 weeks)
8 weeks - Maynard & Harris Plastics
6 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 43.2%, this is a lower level of debt than the average (56.5%)
43.2% - Maynard & Harris Plastics
56.5% - Industry AVG
MAYNARD & HARRIS PLASTICS financials

Maynard & Harris Plastics's latest turnover from September 2023 is £101.5 million and the company has net assets of £57.4 million. According to their latest financial statements, Maynard & Harris Plastics has 841 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 101,485,000 | 112,398,000 | 104,173,000 | 160,628,000 | 115,330,000 | 103,864,000 | 77,410,000 | 72,556,000 | 65,790,000 | 58,706,424 | 63,395,541 | 59,376,172 | 55,128,765 | 50,608,155 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | 59,833,000 | 69,049,000 | 58,255,000 | 91,512,000 | 67,603,000 | 60,630,000 | 40,153,000 | 37,240,000 | 36,980,000 | 38,696,483 | 42,884,912 | 40,238,945 | 35,252,521 | 31,942,709 |
Gross Profit | 41,652,000 | 43,349,000 | 45,918,000 | 69,116,000 | 47,727,000 | 43,234,000 | 37,257,000 | 35,316,000 | 28,810,000 | 20,009,941 | 20,510,629 | 19,137,227 | 19,876,244 | 18,665,446 |
Admin Expenses | 30,416,000 | 37,728,000 | 36,033,000 | 47,893,000 | -100,050,000 | 30,529,000 | 25,409,000 | 23,315,000 | 16,369,000 | 11,826,344 | 12,091,011 | 11,409,409 | 11,003,317 | 10,497,446 |
Operating Profit | 11,236,000 | 5,621,000 | 9,885,000 | 21,223,000 | 147,777,000 | 12,705,000 | 11,848,000 | 12,001,000 | 12,441,000 | 8,183,597 | 8,419,618 | 7,727,818 | 8,872,927 | 8,168,000 |
Interest Payable | 606,000 | 577,000 | 658,000 | 1,188,000 | 912,000 | 1,122,000 | 765,000 | 805,000 | 427,000 | 290,635 | 456,049 | 292,184 | 281,755 | 151,358 |
Interest Receivable | 5,057,000 | 3,605,000 | 1,653,000 | 5,724,000 | 2,638,000 | 1,385,000 | 1,246,000 | 1,288,000 | 1,365,000 | 1,302,895 | 1,177,938 | 1,011,246 | 901,008 | 863,745 |
Pre-Tax Profit | 15,687,000 | 8,649,000 | 10,880,000 | 25,759,000 | 16,503,000 | 12,968,000 | 12,329,000 | 12,484,000 | 13,102,000 | 9,099,242 | 9,141,507 | 8,446,880 | 9,492,180 | 8,880,387 |
Tax | -1,176,000 | 2,813,000 | -1,009,000 | -501,000 | -894,000 | -560,000 | -224,000 | 449,000 | -2,389,000 | -1,344,561 | -1,958,583 | -1,905,198 | -2,599,106 | -2,530,235 |
Profit After Tax | 14,511,000 | 11,462,000 | 9,871,000 | 25,258,000 | 15,609,000 | 12,408,000 | 12,105,000 | 12,933,000 | 10,713,000 | 7,754,681 | 7,182,924 | 6,541,682 | 6,893,074 | 6,350,152 |
Dividends Paid | 100,096,000 | 18,847,000 | ||||||||||||
Retained Profit | -85,585,000 | -7,385,000 | 9,871,000 | 25,258,000 | 15,609,000 | 12,408,000 | 12,105,000 | 12,933,000 | 10,713,000 | 7,754,681 | 7,182,924 | 6,541,682 | 6,893,074 | 6,350,152 |
Employee Costs | 28,433,000 | 31,176,000 | 31,322,000 | 46,618,000 | 34,105,000 | 30,587,000 | 23,203,000 | 22,734,000 | 20,532,000 | 18,195,581 | 19,096,259 | 17,281,872 | 16,294,791 | 15,234,814 |
Number Of Employees | 841 | 940 | 952 | 993 | 1,080 | 971 | 739 | 747 | 653 | 652 | 649 | 592 | 563 | 520 |
EBITDA* | 15,814,000 | 10,427,000 | 14,380,000 | 28,299,000 | 152,327,000 | 16,580,000 | 14,123,000 | 13,912,000 | 14,419,000 | 9,839,985 | 10,485,044 | 9,860,792 | 11,071,318 | 10,260,100 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 28,814,000 | 29,221,000 | 30,630,000 | 32,820,000 | 33,500,000 | 36,578,000 | 33,552,000 | 19,192,000 | 19,137,000 | 12,967,181 | 12,518,356 | 11,870,830 | 11,285,300 | 9,699,627 |
Intangible Assets | 58,000 | 106,000 | 54,000 | 94,000 | 274,000 | 293,000 | 338,000 | 142,000 | 168,000 | |||||
Investments & Other | 2,197,000 | 1,004,000 | 4,512,000 | 6,431,000 | 4,426,000 | 1 | 1 | 1 | 1 | 1 | ||||
Debtors (Due After 1 year) | ||||||||||||||
Total Fixed Assets | 31,069,000 | 30,331,000 | 35,196,000 | 39,345,000 | 38,200,000 | 36,871,000 | 33,890,000 | 19,334,000 | 19,305,000 | 12,967,182 | 12,518,357 | 11,870,831 | 11,285,301 | 9,699,628 |
Stock & work in progress | 17,850,000 | 14,887,000 | 12,229,000 | 9,539,000 | 10,658,000 | 9,529,000 | 8,943,000 | 6,343,000 | 5,918,000 | 5,409,634 | 5,503,771 | 5,631,404 | 4,659,345 | 5,545,962 |
Trade Debtors | 18,401,000 | 22,189,000 | 22,688,000 | 21,835,000 | 130,282,000 | 20,155,000 | 15,868,000 | 15,333,000 | 11,028,000 | 11,190,503 | 12,394,466 | 10,808,000 | 10,866,581 | 8,589,537 |
Group Debtors | 29,242,000 | 117,331,000 | 144,718,000 | 126,369,000 | 93,204,000 | 58,557,000 | 58,116,000 | 54,568,000 | 46,689,908 | 40,678,335 | 36,405,684 | 30,078,450 | 27,005,199 | |
Misc Debtors | 496,000 | 1,508,000 | 547,000 | 1,279,000 | 2,627,000 | 262,000 | 926,000 | 709,000 | 961,455 | 1,043,974 | 1,182,891 | 582,256 | 861,183 | |
Cash | 4,080,000 | 940,000 | 410,000 | 11,555,000 | 2,495,000 | 4,408,000 | 30,294,000 | 13,351,000 | 7,927,000 | 3,849,424 | 4,696,977 | 4,601,953 | 5,915,562 | 4,598,697 |
misc current assets | ||||||||||||||
total current assets | 70,069,000 | 156,855,000 | 180,592,000 | 170,577,000 | 143,435,000 | 129,923,000 | 113,924,000 | 94,069,000 | 80,150,000 | 68,100,924 | 64,317,523 | 58,629,932 | 52,102,194 | 46,600,578 |
total assets | 101,138,000 | 187,186,000 | 215,788,000 | 209,922,000 | 181,635,000 | 166,794,000 | 147,814,000 | 113,403,000 | 99,455,000 | 81,068,106 | 76,835,880 | 70,500,763 | 63,387,495 | 56,300,206 |
Bank overdraft | ||||||||||||||
Bank loan | ||||||||||||||
Trade Creditors | 13,711,000 | 16,598,000 | 6,946,000 | 12,417,000 | 14,628,000 | 13,471,000 | 9,193,000 | 6,218,000 | 7,450,000 | 6,068,695 | 6,271,633 | 5,873,231 | 4,841,981 | 3,400,187 |
Group/Directors Accounts | 263,000 | 19,620,000 | 15,773,000 | 16,167,000 | 1,948,223 | 2,809,389 | 2,810,244 | 3,901,199 | 3,796,219 | |||||
other short term finances | ||||||||||||||
hp & lease commitments | ||||||||||||||
other current liabilities | 11,029,000 | 8,109,000 | 16,032,000 | 13,651,000 | 9,868,000 | 29,349,000 | 25,981,000 | 9,828,000 | 7,810,000 | 4,462,953 | 3,037,233 | 4,078,603 | 3,234,863 | 4,624,457 |
total current liabilities | 25,003,000 | 24,707,000 | 42,598,000 | 41,841,000 | 40,663,000 | 42,820,000 | 35,174,000 | 16,046,000 | 15,260,000 | 12,479,871 | 12,118,255 | 12,762,078 | 11,978,043 | 11,820,863 |
loans | ||||||||||||||
hp & lease commitments | ||||||||||||||
Accruals and Deferred Income | ||||||||||||||
other liabilities | ||||||||||||||
provisions | 62,726,000 | 79,908,000 | 39,502,000 | 44,284,000 | 270,022 | 291,426 | 209,195 | |||||||
total long term liabilities | 18,723,000 | 13,368,000 | 27,699,000 | 43,861,000 | 34,159,000 | 31,363,000 | 39,954,000 | 19,751,000 | 22,142,000 | 6,453,600 | 11,257,922 | 11,575,146 | 6,274,975 | 5,631,120 |
total liabilities | 43,726,000 | 38,075,000 | 70,297,000 | 85,702,000 | 74,822,000 | 74,183,000 | 75,128,000 | 35,797,000 | 37,402,000 | 18,933,471 | 23,376,177 | 24,337,224 | 18,253,018 | 17,451,983 |
net assets | 57,412,000 | 149,111,000 | 145,491,000 | 124,220,000 | 106,813,000 | 92,611,000 | 72,686,000 | 77,606,000 | 62,053,000 | 62,134,635 | 53,459,703 | 46,163,539 | 45,134,477 | 38,848,223 |
total shareholders funds | 57,412,000 | 149,111,000 | 145,491,000 | 124,220,000 | 106,813,000 | 92,611,000 | 72,686,000 | 77,606,000 | 62,053,000 | 62,134,635 | 53,459,703 | 46,163,539 | 45,134,477 | 38,848,223 |
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 11,236,000 | 5,621,000 | 9,885,000 | 21,223,000 | 147,777,000 | 12,705,000 | 11,848,000 | 12,001,000 | 12,441,000 | 8,183,597 | 8,419,618 | 7,727,818 | 8,872,927 | 8,168,000 |
Depreciation | 4,530,000 | 4,752,000 | 4,455,000 | 6,989,000 | 4,531,000 | 3,830,000 | 2,264,000 | 1,803,000 | 1,868,000 | 1,656,388 | 2,065,426 | 2,132,974 | 2,198,391 | 2,092,100 |
Amortisation | 48,000 | 54,000 | 40,000 | 87,000 | 19,000 | 45,000 | 11,000 | 108,000 | 110,000 | |||||
Tax | -1,176,000 | 2,813,000 | -1,009,000 | -501,000 | -894,000 | -560,000 | -224,000 | 449,000 | -2,389,000 | -1,344,561 | -1,958,583 | -1,905,198 | -2,599,106 | -2,530,235 |
Stock | 2,963,000 | 2,658,000 | 2,690,000 | -1,119,000 | 1,129,000 | 586,000 | 2,600,000 | 425,000 | 508,366 | -94,137 | -127,633 | 972,059 | -886,617 | 5,545,962 |
Debtors | -92,889,000 | -26,925,000 | 18,470,000 | 19,201,000 | 14,296,000 | 41,299,000 | 312,000 | 8,070,000 | 7,463,134 | 4,725,091 | 5,720,200 | 6,869,288 | 5,071,368 | 36,455,919 |
Creditors | -2,887,000 | 9,652,000 | -5,471,000 | -2,211,000 | 1,157,000 | 4,278,000 | 2,975,000 | -1,232,000 | 1,381,305 | -202,938 | 398,402 | 1,031,250 | 1,441,794 | 3,400,187 |
Accruals and Deferred Income | 2,920,000 | -7,923,000 | 2,381,000 | 3,783,000 | -19,481,000 | 3,368,000 | 16,153,000 | 2,018,000 | 3,347,047 | 1,425,720 | -1,041,370 | 843,740 | -1,389,594 | 4,624,457 |
Deferred Taxes & Provisions | -62,726,000 | -17,182,000 | 40,406,000 | -4,782,000 | 44,284,000 | -270,022 | -21,404 | 82,231 | 209,195 | |||||
Cash flow from operations | 104,597,000 | 39,236,000 | -10,879,000 | 11,288,000 | 54,958,000 | -35,401,000 | 70,521,000 | 1,870,000 | 53,070,852 | 4,817,230 | 2,269,522 | 2,071,468 | 4,548,856 | -26,247,372 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 1,193,000 | -3,508,000 | -1,919,000 | 2,005,000 | 4,426,000 | -1 | 1 | |||||||
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | ||||||||||||||
Group/Directors Accounts | 263,000 | -19,620,000 | 3,847,000 | -394,000 | 16,167,000 | -1,948,223 | -861,166 | -855 | -1,090,955 | 104,980 | 3,796,219 | |||
Other Short Term Loans | ||||||||||||||
Long term loans | ||||||||||||||
Hire Purchase and Lease Commitments | ||||||||||||||
other long term liabilities | ||||||||||||||
share issue | ||||||||||||||
interest | 4,451,000 | 3,028,000 | 995,000 | 4,536,000 | 1,726,000 | 263,000 | 481,000 | 483,000 | 938,000 | 1,012,260 | 721,889 | 719,062 | 619,253 | 712,387 |
cash flow from financing | -1,400,000 | -5,587,000 | 16,242,000 | -3,709,000 | 16,486,000 | 7,780,000 | -16,544,000 | 3,103,000 | -11,804,858 | 1,071,345 | 834,274 | -5,884,513 | 117,413 | 37,006,677 |
cash and cash equivalents | ||||||||||||||
cash | 3,140,000 | 530,000 | -11,145,000 | 9,060,000 | -1,913,000 | -25,886,000 | 16,943,000 | 5,424,000 | 4,077,576 | -847,553 | 95,024 | -1,313,609 | 1,316,865 | 4,598,697 |
overdraft | ||||||||||||||
change in cash | 3,140,000 | 530,000 | -11,145,000 | 9,060,000 | -1,913,000 | -25,886,000 | 16,943,000 | 5,424,000 | 4,077,576 | -847,553 | 95,024 | -1,313,609 | 1,316,865 | 4,598,697 |
maynard & harris plastics Credit Report and Business Information
Maynard & Harris Plastics Competitor Analysis

Perform a competitor analysis for maynard & harris plastics by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN17 area or any other competitors across 12 key performance metrics.
maynard & harris plastics Ownership
MAYNARD & HARRIS PLASTICS group structure
Maynard & Harris Plastics has 1 subsidiary company.
Ultimate parent company
BERRY GLOBAL GROUP INC
#0110348
2 parents
MAYNARD & HARRIS PLASTICS
01195337
1 subsidiary
maynard & harris plastics directors
Maynard & Harris Plastics currently has 5 directors. The longest serving directors include Mr Doug Muttitt (Sep 2008) and Mr Mark Miles (Jul 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Doug Muttitt | England | 48 years | Sep 2008 | - | Director |
Mr Mark Miles | England | 53 years | Jul 2019 | - | Director |
Mr Jason Greene | England | 54 years | Jul 2019 | - | Director |
Mr Gary Rackham | United Kingdom | 58 years | Aug 2022 | - | Director |
Mr Joseph Horton | United Kingdom | 34 years | Mar 2024 | - | Director |
P&L
September 2023turnover
101.5m
-10%
operating profit
11.2m
+100%
gross margin
41.1%
+6.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
57.4m
-0.61%
total assets
101.1m
-0.46%
cash
4.1m
+3.34%
net assets
Total assets minus all liabilities
maynard & harris plastics company details
company number
01195337
Type
Private unlimited with Share Capital
industry
22220 - Manufacture of plastic packing goods
incorporation date
January 1975
age
50
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
corby hub 4 sallow road, weldon north industrial estate, corby, NN17 5JX
Bank
HSBC BANK PLC
Legal Advisor
-
maynard & harris plastics 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 15 charges/mortgages relating to maynard & harris plastics. Currently there are 1 open charges and 14 have been satisfied in the past.
maynard & harris plastics 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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maynard & harris plastics Companies House Filings - See Documents
date | description | view/download |
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