Pomanda estimates the enterprise value of VARSITY PACKAGING LIMITED at £9.5m based on a Turnover of £20.7m and 0.46x industry multiple (adjusted for size and gross margin).
varsity packaging limitedEstimated Valuation
£7.7m
Pomanda estimates the enterprise value of VARSITY PACKAGING LIMITED at £7.7m based on an EBITDA of £2.2m and a 3.56x industry multiple (adjusted for size and gross margin).
varsity packaging limitedEstimated Valuation
£24.8m
Pomanda estimates the enterprise value of VARSITY PACKAGING LIMITED at £24.8m based on Net Assets of £15.9m and 1.56x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Varsity Packaging LimitedOverview
Varsity Packaging Limited is a live company located in theale, RG7 4AB with a Companies House number of 02104242. It operates in the manufacture of other articles of paper and paperboard n.e.c. sector, SIC Code 17290. Founded in February 1987, it's largest shareholder is
mayr-melnhof cartonboard international gmbh
with a 100% stake. Varsity Packaging Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£20.7m with
declining
growth in recent years.
Pomanda's financial health check has awarded Varsity Packaging Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
0 Regular
7 Weak
Size
annual sales of £20.7m, make it larger than the average company (£14.5m)
£20.7m - Varsity Packaging Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.2%)
-6% - Varsity Packaging Limited
7.2% - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (26.1%)
17.7% - Varsity Packaging Limited
26.1% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (5%)
10.3% - Varsity Packaging Limited
5% - Industry AVG
Employees
with 11 employees, this is below the industry average (69)
11 - Varsity Packaging Limited
69 - Industry AVG
Pay Structure
on an average salary of £127.7k, the company has a higher pay structure (£38.8k)
£127.7k - Varsity Packaging Limited
£38.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.9m, this is more efficient (£209.3k)
£1.9m - Varsity Packaging Limited
£209.3k - Industry AVG
Debtor Days
it gets paid by customers after 89 days, this is later than average (58 days)
89 days - Varsity Packaging Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (42 days)
4 days - Varsity Packaging Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 155 days, this is more than average (63 days)
155 days - Varsity Packaging Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is more cash available to meet short term requirements (6 weeks)
16 weeks - Varsity Packaging Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.6%, this is a lower level of debt than the average (53.6%)
8.6% - Varsity Packaging Limited
53.6% - Industry AVG
VARSITY PACKAGING LIMITED financials
EXPORT
Varsity Packaging Limited's latest turnover from December 2023 is £20.7 million and the company has net assets of £15.9 million. According to their latest financial statements, Varsity Packaging Limited has 11 employees and maintains cash reserves of £468 thousand 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
20,708,000
27,559,000
34,004,000
25,123,000
21,585,000
20,935,000
23,705,000
20,607,000
20,929,000
22,924,000
20,935,000
18,636,000
19,562,000
23,071,000
19,686,000
Other Income Or Grants
Cost Of Sales
17,044,000
22,111,000
27,115,000
21,640,000
18,868,000
17,404,000
19,570,000
17,076,000
17,273,000
19,191,000
17,484,000
15,515,000
16,226,000
18,973,000
17,057,000
Gross Profit
3,664,000
5,448,000
6,889,000
3,483,000
2,717,000
3,531,000
4,135,000
3,531,000
3,656,000
3,733,000
3,451,000
3,121,000
3,336,000
4,098,000
2,629,000
Admin Expenses
1,542,000
1,733,000
1,980,000
1,822,000
1,602,000
1,551,000
1,621,000
1,516,000
1,424,000
1,207,000
1,079,000
982,000
761,000
1,739,000
940,000
Operating Profit
2,122,000
3,715,000
4,909,000
1,661,000
1,115,000
1,980,000
2,514,000
2,015,000
2,232,000
2,526,000
2,372,000
2,139,000
2,575,000
2,359,000
1,689,000
Interest Payable
40,000
19,000
Interest Receivable
136,000
39,000
22,000
6,000
2,000
Pre-Tax Profit
2,258,000
3,754,000
4,869,000
1,683,000
1,121,000
1,982,000
2,514,000
2,015,000
2,232,000
2,526,000
2,372,000
2,139,000
2,575,000
2,359,000
1,670,000
Tax
-529,000
-699,000
-926,000
-321,000
-213,000
-378,000
-485,000
-405,000
-454,000
-543,000
-551,000
-526,000
-685,000
-660,000
-468,000
Profit After Tax
1,729,000
3,055,000
3,943,000
1,362,000
908,000
1,604,000
2,029,000
1,610,000
1,778,000
1,983,000
1,821,000
1,613,000
1,890,000
1,699,000
1,202,000
Dividends Paid
2,000,000
4,500,000
3,000,000
3,000,000
1,100,000
900,000
1,200,000
1,200,000
Retained Profit
1,729,000
1,055,000
-557,000
1,362,000
908,000
-1,396,000
2,029,000
1,610,000
1,778,000
-1,017,000
721,000
713,000
690,000
499,000
1,202,000
Employee Costs
1,405,000
1,387,000
1,316,000
1,381,000
1,259,000
1,184,000
1,194,000
1,148,000
1,177,000
920,000
855,000
804,000
772,000
1,241,000
638,000
Number Of Employees
11
11
10
10
10
9
9
9
9
8
8
7
7
7
8
EBITDA*
2,152,000
3,739,000
4,930,000
1,681,000
1,134,000
2,000,000
2,537,000
2,043,000
2,258,000
2,546,000
2,386,000
2,149,000
2,584,000
2,373,000
1,709,000
* 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
54,000
83,000
33,000
34,000
30,000
49,000
23,000
46,000
58,000
56,000
49,000
26,000
20,000
11,000
25,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
54,000
83,000
33,000
34,000
30,000
49,000
23,000
46,000
58,000
56,000
49,000
26,000
20,000
11,000
25,000
Stock & work in progress
7,262,000
7,829,000
2,628,000
4,639,000
5,409,000
5,975,000
3,802,000
4,399,000
3,831,000
3,036,000
4,225,000
3,391,000
4,019,000
2,343,000
3,307,000
Trade Debtors
5,099,000
5,849,000
8,935,000
6,634,000
5,090,000
5,731,000
5,750,000
5,594,000
5,174,000
6,600,000
5,990,000
4,940,000
4,548,000
5,930,000
5,347,000
Group Debtors
4,506,000
2,845,000
4,260,000
5,002,000
3,378,000
1,274,000
5,081,000
3,310,000
1,797,000
17,000
305,000
673,000
468,000
1,674,000
41,000
Misc Debtors
36,000
690,000
309,000
32,000
82,000
15,000
12,000
8,000
450,000
68,000
128,000
241,000
34,000
29,000
20,000
Cash
468,000
401,000
468,000
420,000
243,000
199,000
176,000
158,000
1,000
98,000
18,000
44,000
misc current assets
total current assets
17,371,000
17,614,000
16,600,000
16,727,000
14,202,000
13,194,000
14,821,000
13,469,000
11,252,000
9,721,000
10,649,000
9,343,000
9,087,000
9,976,000
8,759,000
total assets
17,425,000
17,697,000
16,633,000
16,761,000
14,232,000
13,243,000
14,844,000
13,515,000
11,310,000
9,777,000
10,698,000
9,369,000
9,107,000
9,987,000
8,784,000
Bank overdraft
Bank loan
Trade Creditors
219,000
1,050,000
960,000
629,000
954,000
816,000
418,000
1,240,000
765,000
861,000
951,000
256,000
1,072,000
1,332,000
1,716,000
Group/Directors Accounts
684,000
532,000
473,000
204,000
252,000
214,000
586,000
216,000
301,000
210,000
387,000
265,000
859,000
557,000
other short term finances
hp & lease commitments
other current liabilities
1,287,000
1,773,000
2,006,000
1,967,000
744,000
753,000
1,394,000
900,000
1,150,000
1,214,000
1,119,000
1,029,000
786,000
1,502,000
716,000
total current liabilities
1,506,000
3,507,000
3,498,000
3,069,000
1,902,000
1,821,000
2,026,000
2,726,000
2,131,000
2,376,000
2,280,000
1,672,000
2,123,000
3,693,000
2,989,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,506,000
3,507,000
3,498,000
3,069,000
1,902,000
1,821,000
2,026,000
2,726,000
2,131,000
2,376,000
2,280,000
1,672,000
2,123,000
3,693,000
2,989,000
net assets
15,919,000
14,190,000
13,135,000
13,692,000
12,330,000
11,422,000
12,818,000
10,789,000
9,179,000
7,401,000
8,418,000
7,697,000
6,984,000
6,294,000
5,795,000
total shareholders funds
15,919,000
14,190,000
13,135,000
13,692,000
12,330,000
11,422,000
12,818,000
10,789,000
9,179,000
7,401,000
8,418,000
7,697,000
6,984,000
6,294,000
5,795,000
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
2,122,000
3,715,000
4,909,000
1,661,000
1,115,000
1,980,000
2,514,000
2,015,000
2,232,000
2,526,000
2,372,000
2,139,000
2,575,000
2,359,000
1,689,000
Depreciation
30,000
24,000
21,000
20,000
19,000
20,000
23,000
28,000
26,000
20,000
14,000
10,000
9,000
14,000
20,000
Amortisation
Tax
-529,000
-699,000
-926,000
-321,000
-213,000
-378,000
-485,000
-405,000
-454,000
-543,000
-551,000
-526,000
-685,000
-660,000
-468,000
Stock
-567,000
5,201,000
-2,011,000
-770,000
-566,000
2,173,000
-597,000
568,000
795,000
-1,189,000
834,000
-628,000
1,676,000
-964,000
3,307,000
Debtors
257,000
-4,120,000
1,836,000
3,118,000
1,530,000
-3,823,000
1,931,000
1,491,000
736,000
262,000
569,000
804,000
-2,583,000
2,225,000
5,408,000
Creditors
-831,000
90,000
331,000
-325,000
138,000
398,000
-822,000
475,000
-96,000
-90,000
695,000
-816,000
-260,000
-384,000
1,716,000
Accruals and Deferred Income
-486,000
-233,000
39,000
1,223,000
-9,000
-641,000
494,000
-250,000
-64,000
95,000
90,000
243,000
-716,000
786,000
716,000
Deferred Taxes & Provisions
Cash flow from operations
616,000
1,816,000
4,549,000
-90,000
86,000
3,029,000
390,000
-196,000
113,000
2,935,000
1,217,000
874,000
1,830,000
854,000
-5,042,000
Investing Activities
capital expenditure
-1,000
-74,000
-20,000
-24,000
-46,000
-16,000
-28,000
-27,000
-37,000
-16,000
-18,000
-45,000
Change in Investments
cash flow from investments
-1,000
-74,000
-20,000
-24,000
-46,000
-16,000
-28,000
-27,000
-37,000
-16,000
-18,000
-45,000
Financing Activities
Bank loans
Group/Directors Accounts
-684,000
152,000
59,000
269,000
-48,000
38,000
-372,000
370,000
-85,000
91,000
-177,000
122,000
-594,000
302,000
557,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,593,000
interest
136,000
39,000
-40,000
22,000
6,000
2,000
-19,000
cash flow from financing
-548,000
191,000
19,000
291,000
-42,000
40,000
-372,000
370,000
-85,000
91,000
-177,000
122,000
-594,000
302,000
5,131,000
cash and cash equivalents
cash
67,000
-67,000
48,000
177,000
44,000
23,000
18,000
158,000
-1,000
-97,000
80,000
18,000
-44,000
44,000
overdraft
change in cash
67,000
-67,000
48,000
177,000
44,000
23,000
18,000
158,000
-1,000
-97,000
80,000
18,000
-44,000
44,000
varsity packaging limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for varsity packaging limited. Get real-time insights into varsity packaging limited's credit score, group structure and payment trends.
Perform a competitor analysis for varsity packaging limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in RG7 area or any other competitors across 12 key performance metrics.
varsity packaging limited Ownership
VARSITY PACKAGING LIMITED group structure
Varsity Packaging Limited has no subsidiary companies.
Ultimate parent company
MAYR-MELNHOF KARTON AG
#0013475
MAYR-MELNHOF CARTONBOARD INTERNATIONAL G
#0024449
2 parents
VARSITY PACKAGING LIMITED
02104242
VARSITY PACKAGING LIMITED Shareholders
The sole shareholder of Varsity Packaging Limited is Mayr-Melnhof Cartonboard International Gmbh.
mayr-melnhof cartonboard international gmbh
100%
varsity packaging limited directors
Varsity Packaging Limited currently has 3 directors.
The longest serving directors include
Mr Andrew Latimer (Jan 1996) and
Mr Thomas Kratochwill (Dec 2021).
17290 - Manufacture of other articles of paper and paperboard
incorporation date
February 1987
age
38
incorporated
UK
ultimate parent company
MAYR-MELNHOF KARTON AG
accounts
Full Accounts
last accounts submitted
December 2023
previous names
sturdyouter limited (July 1987)
accountant
-
auditor
RODI & PARTNERS LIMITED
address
unit 10 commerce park, brunel way, theale, RG7 4AB
Bank
-
Legal Advisor
-
varsity packaging 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 did not find charges/mortgages relating to varsity packaging limited.
varsity packaging 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 VARSITY PACKAGING LIMITED. This can take several minutes, an email will notify you when this has completed.
varsity packaging limitedCompanies House Filings - See Documents
