maynard & harris plastics

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maynard & harris plastics Company Information

Share MAYNARD & HARRIS PLASTICS

Company Number

01195337

Directors

Doug Muttitt

Mark Miles

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Shareholders

maynard & harris plastics (uk) limited

Group Structure

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Industry

Manufacture of plastic packing goods

 

Registered Address

corby hub 4 sallow road, weldon north industrial estate, corby, NN17 5JX

maynard & harris plastics Estimated Valuation

£143m

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

£161.1m

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

£118.3m

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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

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

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

Production

with a gross margin of 41%, this company has a lower cost of product (18%)

41% - Maynard & Harris Plastics

18% - Industry AVG

profitability

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

Employees

with 841 employees, this is above the industry average (98)

841 - Maynard & Harris Plastics

98 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £120.7k, this is less efficient (£262.1k)

£120.7k - Maynard & Harris Plastics

£262.1k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover101,485,000112,398,000104,173,000160,628,000115,330,000103,864,00077,410,00072,556,00065,790,00058,706,42463,395,54159,376,17255,128,76550,608,155
Other Income Or Grants
Cost Of Sales59,833,00069,049,00058,255,00091,512,00067,603,00060,630,00040,153,00037,240,00036,980,00038,696,48342,884,91240,238,94535,252,52131,942,709
Gross Profit41,652,00043,349,00045,918,00069,116,00047,727,00043,234,00037,257,00035,316,00028,810,00020,009,94120,510,62919,137,22719,876,24418,665,446
Admin Expenses30,416,00037,728,00036,033,00047,893,000-100,050,00030,529,00025,409,00023,315,00016,369,00011,826,34412,091,01111,409,40911,003,31710,497,446
Operating Profit11,236,0005,621,0009,885,00021,223,000147,777,00012,705,00011,848,00012,001,00012,441,0008,183,5978,419,6187,727,8188,872,9278,168,000
Interest Payable606,000577,000658,0001,188,000912,0001,122,000765,000805,000427,000290,635456,049292,184281,755151,358
Interest Receivable5,057,0003,605,0001,653,0005,724,0002,638,0001,385,0001,246,0001,288,0001,365,0001,302,8951,177,9381,011,246901,008863,745
Pre-Tax Profit15,687,0008,649,00010,880,00025,759,00016,503,00012,968,00012,329,00012,484,00013,102,0009,099,2429,141,5078,446,8809,492,1808,880,387
Tax-1,176,0002,813,000-1,009,000-501,000-894,000-560,000-224,000449,000-2,389,000-1,344,561-1,958,583-1,905,198-2,599,106-2,530,235
Profit After Tax14,511,00011,462,0009,871,00025,258,00015,609,00012,408,00012,105,00012,933,00010,713,0007,754,6817,182,9246,541,6826,893,0746,350,152
Dividends Paid100,096,00018,847,000
Retained Profit-85,585,000-7,385,0009,871,00025,258,00015,609,00012,408,00012,105,00012,933,00010,713,0007,754,6817,182,9246,541,6826,893,0746,350,152
Employee Costs28,433,00031,176,00031,322,00046,618,00034,105,00030,587,00023,203,00022,734,00020,532,00018,195,58119,096,25917,281,87216,294,79115,234,814
Number Of Employees8419409529931,080971739747653652649592563520
EBITDA*15,814,00010,427,00014,380,00028,299,000152,327,00016,580,00014,123,00013,912,00014,419,0009,839,98510,485,0449,860,79211,071,31810,260,100

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets28,814,00029,221,00030,630,00032,820,00033,500,00036,578,00033,552,00019,192,00019,137,00012,967,18112,518,35611,870,83011,285,3009,699,627
Intangible Assets58,000106,00054,00094,000274,000293,000338,000142,000168,000
Investments & Other2,197,0001,004,0004,512,0006,431,0004,426,00011111
Debtors (Due After 1 year)
Total Fixed Assets31,069,00030,331,00035,196,00039,345,00038,200,00036,871,00033,890,00019,334,00019,305,00012,967,18212,518,35711,870,83111,285,3019,699,628
Stock & work in progress17,850,00014,887,00012,229,0009,539,00010,658,0009,529,0008,943,0006,343,0005,918,0005,409,6345,503,7715,631,4044,659,3455,545,962
Trade Debtors18,401,00022,189,00022,688,00021,835,000130,282,00020,155,00015,868,00015,333,00011,028,00011,190,50312,394,46610,808,00010,866,5818,589,537
Group Debtors29,242,000117,331,000144,718,000126,369,00093,204,00058,557,00058,116,00054,568,00046,689,90840,678,33536,405,68430,078,45027,005,199
Misc Debtors496,0001,508,000547,0001,279,0002,627,000262,000926,000709,000961,4551,043,9741,182,891582,256861,183
Cash4,080,000940,000410,00011,555,0002,495,0004,408,00030,294,00013,351,0007,927,0003,849,4244,696,9774,601,9535,915,5624,598,697
misc current assets
total current assets70,069,000156,855,000180,592,000170,577,000143,435,000129,923,000113,924,00094,069,00080,150,00068,100,92464,317,52358,629,93252,102,19446,600,578
total assets101,138,000187,186,000215,788,000209,922,000181,635,000166,794,000147,814,000113,403,00099,455,00081,068,10676,835,88070,500,76363,387,49556,300,206
Bank overdraft
Bank loan
Trade Creditors 13,711,00016,598,0006,946,00012,417,00014,628,00013,471,0009,193,0006,218,0007,450,0006,068,6956,271,6335,873,2314,841,9813,400,187
Group/Directors Accounts263,00019,620,00015,773,00016,167,0001,948,2232,809,3892,810,2443,901,1993,796,219
other short term finances
hp & lease commitments
other current liabilities11,029,0008,109,00016,032,00013,651,0009,868,00029,349,00025,981,0009,828,0007,810,0004,462,9533,037,2334,078,6033,234,8634,624,457
total current liabilities25,003,00024,707,00042,598,00041,841,00040,663,00042,820,00035,174,00016,046,00015,260,00012,479,87112,118,25512,762,07811,978,04311,820,863
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions62,726,00079,908,00039,502,00044,284,000270,022291,426209,195
total long term liabilities18,723,00013,368,00027,699,00043,861,00034,159,00031,363,00039,954,00019,751,00022,142,0006,453,60011,257,92211,575,1466,274,9755,631,120
total liabilities43,726,00038,075,00070,297,00085,702,00074,822,00074,183,00075,128,00035,797,00037,402,00018,933,47123,376,17724,337,22418,253,01817,451,983
net assets57,412,000149,111,000145,491,000124,220,000106,813,00092,611,00072,686,00077,606,00062,053,00062,134,63553,459,70346,163,53945,134,47738,848,223
total shareholders funds57,412,000149,111,000145,491,000124,220,000106,813,00092,611,00072,686,00077,606,00062,053,00062,134,63553,459,70346,163,53945,134,47738,848,223
Sep 2023Sep 2022Sep 2021Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit11,236,0005,621,0009,885,00021,223,000147,777,00012,705,00011,848,00012,001,00012,441,0008,183,5978,419,6187,727,8188,872,9278,168,000
Depreciation4,530,0004,752,0004,455,0006,989,0004,531,0003,830,0002,264,0001,803,0001,868,0001,656,3882,065,4262,132,9742,198,3912,092,100
Amortisation48,00054,00040,00087,00019,00045,00011,000108,000110,000
Tax-1,176,0002,813,000-1,009,000-501,000-894,000-560,000-224,000449,000-2,389,000-1,344,561-1,958,583-1,905,198-2,599,106-2,530,235
Stock2,963,0002,658,0002,690,000-1,119,0001,129,000586,0002,600,000425,000508,366-94,137-127,633972,059-886,6175,545,962
Debtors-92,889,000-26,925,00018,470,00019,201,00014,296,00041,299,000312,0008,070,0007,463,1344,725,0915,720,2006,869,2885,071,36836,455,919
Creditors-2,887,0009,652,000-5,471,000-2,211,0001,157,0004,278,0002,975,000-1,232,0001,381,305-202,938398,4021,031,2501,441,7943,400,187
Accruals and Deferred Income2,920,000-7,923,0002,381,0003,783,000-19,481,0003,368,00016,153,0002,018,0003,347,0471,425,720-1,041,370843,740-1,389,5944,624,457
Deferred Taxes & Provisions-62,726,000-17,182,00040,406,000-4,782,00044,284,000-270,022-21,40482,231209,195
Cash flow from operations104,597,00039,236,000-10,879,00011,288,00054,958,000-35,401,00070,521,0001,870,00053,070,8524,817,2302,269,5222,071,4684,548,856-26,247,372
Investing Activities
capital expenditure-4,123,000-3,449,000-2,265,000-6,216,000-1,453,000-6,856,000-16,831,000-1,940,000-8,315,819-2,105,213-2,712,952-2,718,504-3,784,064-11,791,727
Change in Investments1,193,000-3,508,000-1,919,0002,005,0004,426,000-11
cash flow from investments-5,316,00059,000-346,000-8,221,000-5,879,000-6,856,000-16,831,000-1,940,000-8,315,818-2,105,213-2,712,952-2,718,504-3,784,064-11,791,728
Financing Activities
Bank loans
Group/Directors Accounts263,000-19,620,0003,847,000-394,00016,167,000-1,948,223-861,166-855-1,090,955104,9803,796,219
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-6,114,00011,005,00011,400,000-7,851,000-1,407,0007,517,000-17,025,0002,620,000-10,794,635920,251113,240-5,512,620-606,82032,498,071
interest4,451,0003,028,000995,0004,536,0001,726,000263,000481,000483,000938,0001,012,260721,889719,062619,253712,387
cash flow from financing-1,400,000-5,587,00016,242,000-3,709,00016,486,0007,780,000-16,544,0003,103,000-11,804,8581,071,345834,274-5,884,513117,41337,006,677
cash and cash equivalents
cash3,140,000530,000-11,145,0009,060,000-1,913,000-25,886,00016,943,0005,424,0004,077,576-847,55395,024-1,313,6091,316,8654,598,697
overdraft
change in cash3,140,000530,000-11,145,0009,060,000-1,913,000-25,886,00016,943,0005,424,0004,077,576-847,55395,024-1,313,6091,316,8654,598,697

maynard & harris plastics Credit Report and Business Information

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Maynard & Harris Plastics Competitor Analysis

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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 Shareholders

maynard & harris plastics (uk) limited 100%

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).

officercountryagestartendrole
Mr Doug MuttittEngland48 years Sep 2008- Director
Mr Mark MilesEngland53 years Jul 2019- Director
Mr Jason GreeneEngland54 years Jul 2019- Director
Mr Gary RackhamUnited Kingdom58 years Aug 2022- Director
Mr Joseph HortonUnited Kingdom34 years Mar 2024- Director

P&L

September 2023

turnover

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 2023

net 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

BERRY GLOBAL GROUP INC

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

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