Pomanda estimates the enterprise value of COVERIS SPECIALITY BAGS LIMITED at £7m based on a Turnover of £14.9m and 0.47x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of COVERIS SPECIALITY BAGS LIMITED at £0 based on an EBITDA of £-687k and a 3.42x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of COVERIS SPECIALITY BAGS LIMITED at £0 based on Net Assets of £-238k and 2.06x industry multiple (adjusted for liquidity).
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Coveris Speciality Bags LimitedOverview
Coveris Speciality Bags Limited is a live company located in spalding, PE11 3ZN with a Companies House number of 02133782. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in May 1987, it's largest shareholder is
coveris flexibles holdings ltd
with a 100% stake. Coveris Speciality Bags Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£14.9m with
high
growth in recent years.
Pomanda's financial health check has awarded Coveris Speciality Bags Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £14.9m, make it smaller than the average company (£23.2m)
£14.9m - Coveris Speciality Bags Limited
£23.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.1%)
20% - Coveris Speciality Bags Limited
6.1% - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (18.6%)
9.9% - Coveris Speciality Bags Limited
18.6% - Industry AVG
Profitability
an operating margin of -12% make it less profitable than the average company (3.5%)
-12% - Coveris Speciality Bags Limited
3.5% - Industry AVG
Employees
with 60 employees, this is below the industry average (99)
60 - Coveris Speciality Bags Limited
99 - Industry AVG
Pay Structure
on an average salary of £70.8k, the company has a higher pay structure (£40.4k)
£70.8k - Coveris Speciality Bags Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £248.3k, this is equally as efficient (£249k)
£248.3k - Coveris Speciality Bags Limited
£249k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is earlier than average (62 days)
47 days - Coveris Speciality Bags Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (45 days)
21 days - Coveris Speciality Bags Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is more than average (51 days)
66 days - Coveris Speciality Bags Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 10 weeks, this is more cash available to meet short term requirements (7 weeks)
10 weeks - Coveris Speciality Bags Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.4%, this is a higher level of debt than the average (54%)
102.4% - Coveris Speciality Bags Limited
54% - Industry AVG
COVERIS SPECIALITY BAGS LIMITED financials
EXPORT
Coveris Speciality Bags Limited's latest turnover from December 2023 is £14.9 million and the company has net assets of -£238 thousand. According to their latest financial statements, Coveris Speciality Bags Limited has 60 employees and maintains cash reserves of £525 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Turnover
14,896,000
9,276,000
6,561,000
9,487,000
8,607,305
9,682,525
9,167,263
9,123,733
8,992,745
9,219,541
6,005,464
8,298,822
10,325,534
8,070,746
Other Income Or Grants
Cost Of Sales
13,421,000
8,071,000
5,579,000
7,524,000
6,714,234
7,735,874
7,361,362
7,082,806
7,026,480
7,493,871
4,602,098
6,367,344
7,791,425
5,880,818
Gross Profit
1,475,000
1,205,000
982,000
1,963,000
1,893,071
1,946,651
1,805,900
2,040,927
1,966,265
1,725,670
1,403,366
1,931,478
2,534,109
2,189,928
Admin Expenses
3,261,000
1,811,000
1,006,000
1,048,000
1,509,032
1,851,302
1,689,550
1,941,965
1,156,354
1,930,831
1,309,225
1,622,047
1,952,754
1,682,751
-1,009,338
Operating Profit
-1,786,000
-606,000
-24,000
915,000
384,039
95,349
116,350
98,962
809,911
-205,161
94,141
309,431
581,355
507,177
1,009,338
Interest Payable
502,000
86,000
47,000
61,000
78,465
105,796
86,859
37,502
32,085
35,814
35,326
21,132
Interest Receivable
187
1,299
139
67
78
61
2,638
49
53
126
101
Pre-Tax Profit
-2,288,000
-692,000
-71,000
854,000
305,760
-9,148
29,630
61,527
809,989
-205,100
64,694
273,666
546,082
486,171
1,009,439
Tax
-155,000
26,000
4,000
-182,000
-58,094
-5,630
-11,690
-161,998
-13,973
-35,930
-133,614
-124,218
-282,643
Profit After Tax
-2,443,000
-666,000
-67,000
672,000
247,666
-9,148
24,000
49,837
647,991
-205,100
50,721
237,736
412,468
361,953
726,796
Dividends Paid
336,000
327,006
238,607
268,049
267,782
Retained Profit
-2,443,000
-666,000
-67,000
336,000
247,666
-9,148
24,000
49,837
647,991
-205,100
-276,285
-871
144,419
94,171
726,796
Employee Costs
4,250,000
1,213,000
1,270,000
1,329,000
1,314,925
1,381,964
1,316,092
1,232,813
1,162,654
1,515,718
916,296
1,384,810
1,728,716
1,379,868
Number Of Employees
60
29
34
35
38
40
40
39
38
52
35
46
53
47
EBITDA*
-687,000
-120,000
324,000
1,186,000
540,949
262,357
255,596
196,619
950,856
-99,552
182,824
406,872
674,651
614,967
1,136,132
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Tangible Assets
2,984,000
90,000
1,656,000
1,947,000
879,061
1,012,352
1,027,266
572,263
604,933
274,506
380,213
444,642
335,040
319,065
316,120
Intangible Assets
1,278,000
744,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,262,000
834,000
1,656,000
1,947,000
879,061
1,012,352
1,027,266
572,263
604,933
274,506
380,213
444,642
335,040
319,065
316,120
Stock & work in progress
2,458,000
2,099,000
1,397,000
1,855,000
2,085,821
1,858,767
2,012,357
1,239,267
1,344,171
821,140
671,781
979,943
976,008
943,053
643,369
Trade Debtors
1,951,000
1,965,000
2,040,000
1,359,000
1,480,985
2,115,326
1,850,853
2,399,117
2,025,308
1,677,834
1,322,652
1,997,337
2,465,484
2,615,694
757,833
Group Debtors
189,000
49,000
Misc Debtors
550,000
356,000
458,000
453,000
534,530
314,843
247,007
359,534
244,974
148,589
135,114
102,837
87,267
557,740
Cash
525,000
1,226,000
59,000
122,000
61,120
313,412
32,901
22,732
31,143
11,808
12,670
31,471
98,193
32,224
40,261
misc current assets
total current assets
5,673,000
5,695,000
3,954,000
3,789,000
4,162,456
4,602,348
4,143,118
4,020,650
3,645,596
2,510,782
2,155,692
3,143,865
3,642,522
3,678,238
1,999,203
total assets
9,935,000
6,529,000
5,610,000
5,736,000
5,041,517
5,614,700
5,170,384
4,592,913
4,250,529
2,785,288
2,535,905
3,588,507
3,977,562
3,997,303
2,315,323
Bank overdraft
257,000
896,000
Bank loan
Trade Creditors
801,000
386,000
703,000
531,000
1,325,159
1,244,634
869,645
1,290,033
1,295,873
2,268,389
947,054
1,016,025
1,059,552
1,629,400
1,546,321
Group/Directors Accounts
1,073,000
3,615,000
496,000
20,471
12,645
other short term finances
910,461
1,662,175
1,472,512
1,200,079
hp & lease commitments
345,000
179,000
275,000
354,000
177,326
193,623
159,524
63,039
64,926
32,603
54,880
33,732
26,889
other current liabilities
437,000
409,000
1,110,000
1,166,000
789,718
486,195
1,063,801
1,050,074
1,880,298
792,023
1,449,895
1,847,095
1,449,975
10,661
total current liabilities
2,656,000
4,589,000
2,841,000
2,947,000
3,202,664
3,586,627
3,565,482
3,603,225
3,241,097
2,268,389
1,792,151
2,533,445
2,940,379
3,106,264
1,556,982
loans
5,500,000
hp & lease commitments
1,051,000
361,000
519,000
643,000
237,590
405,831
479,253
199,254
25,565
58,168
36,076
43,615
Accruals and Deferred Income
other liabilities
70,000
252,000
518,527
776,424
282,671
262,292
14,501
11,339
provisions
966,000
510,000
588,000
592,000
117,126
127,874
115,886
87,342
93,885
19,002
29,693
32,377
35,719
26,455
20,204
total long term liabilities
7,517,000
871,000
1,177,000
1,487,000
873,243
1,310,129
877,810
286,596
356,177
33,503
55,258
90,545
71,795
70,070
31,543
total liabilities
10,173,000
5,460,000
4,018,000
4,434,000
4,075,907
4,896,756
4,443,292
3,889,821
3,597,274
2,301,892
1,847,409
2,623,990
3,012,174
3,176,334
1,588,525
net assets
-238,000
1,069,000
1,592,000
1,302,000
965,610
717,944
727,092
703,092
653,255
483,396
688,496
964,517
965,388
820,969
726,798
total shareholders funds
-238,000
1,069,000
1,592,000
1,302,000
965,610
717,944
727,092
703,092
653,255
483,396
688,496
964,517
965,388
820,969
726,798
Dec 2023
Dec 2022
Dec 2021
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Operating Activities
Operating Profit
-1,786,000
-606,000
-24,000
915,000
384,039
95,349
116,350
98,962
809,911
-205,161
94,141
309,431
581,355
507,177
1,009,338
Depreciation
644,000
243,000
348,000
271,000
156,910
167,008
139,246
97,657
140,945
105,609
88,683
97,441
93,296
107,790
126,794
Amortisation
455,000
243,000
Tax
-155,000
26,000
4,000
-182,000
-58,094
-5,630
-11,690
-161,998
-13,973
-35,930
-133,614
-124,218
-282,643
Stock
359,000
702,000
-688,821
-230,821
227,054
-153,590
773,090
-104,904
1,344,171
149,359
-308,162
3,935
32,955
299,684
643,369
Debtors
320,000
-128,000
482,485
-203,515
-414,654
332,309
-660,791
488,369
2,270,282
206,593
-661,210
-435,870
-134,640
1,387,388
1,315,573
Creditors
415,000
-317,000
-622,159
-794,159
80,525
374,989
-420,388
-5,840
1,295,873
1,321,335
-68,971
-43,527
-569,848
83,079
1,546,321
Accruals and Deferred Income
28,000
-701,000
320,282
376,282
303,523
-577,606
13,727
-830,224
1,880,298
-792,023
-657,872
-397,200
397,120
1,439,314
10,661
Deferred Taxes & Provisions
456,000
-78,000
470,874
474,874
-10,748
11,988
28,544
-6,543
93,885
-10,691
-2,684
-3,342
9,264
6,251
20,204
Cash flow from operations
-622,000
-1,764,000
703,333
1,495,333
1,043,755
-106,991
-240,450
-1,041,143
444,461
63,117
408,696
358,808
479,258
332,321
471,733
Investing Activities
capital expenditure
-4,527,000
336,000
-1,124,939
-1,338,939
-23,619
-152,094
-594,249
-64,987
-745,878
98
-45,558
-63,117
-75,363
-45,485
-442,914
Change in Investments
cash flow from investments
-4,527,000
336,000
-1,124,939
-1,338,939
-23,619
-152,094
-594,249
-64,987
-745,878
98
-45,558
-63,117
-75,363
-45,485
-442,914
Financing Activities
Bank loans
Group/Directors Accounts
-2,542,000
3,119,000
496,000
-20,471
7,826
12,645
Other Short Term Loans
-910,461
-910,461
-751,714
189,663
272,433
1,200,079
Long term loans
5,500,000
Hire Purchase and Lease Commitments
856,000
-254,000
379,084
582,084
-184,538
-39,323
376,484
197,367
64,926
-58,168
-54,880
43,240
-696
70,504
other long term liabilities
-70,000
-448,527
-266,527
-257,897
493,753
282,671
-262,292
262,292
14,501
-11,339
11,339
share issue
1,136,000
143,000
693,390
390
5,264
264
2
interest
-502,000
-86,000
-47,000
-61,000
-78,278
-104,497
-86,720
-37,435
78
61
-29,447
-35,765
-35,273
-21,006
101
cash flow from financing
4,448,000
2,852,000
162,486
-655,514
-1,272,427
539,596
844,868
1,097,719
332,560
-64,077
-76,237
20,120
-35,969
38,159
11,442
cash and cash equivalents
cash
-701,000
1,167,000
-2,120
60,880
-252,292
280,511
10,169
-8,411
31,143
-862
-18,801
-66,722
65,969
-8,037
40,261
overdraft
-257,000
257,000
896,000
change in cash
-701,000
1,424,000
-259,120
-835,120
-252,292
280,511
10,169
-8,411
31,143
-862
-18,801
-66,722
65,969
-8,037
40,261
coveris speciality bags 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 coveris speciality bags limited. Get real-time insights into coveris speciality bags limited's credit score, group structure and payment trends.
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coveris speciality bags limited Ownership
COVERIS SPECIALITY BAGS LIMITED group structure
Coveris Speciality Bags Limited has no subsidiary companies.
The sole shareholder of Coveris Speciality Bags Limited is Coveris Flexibles Holdings Ltd.
coveris flexibles holdings ltd
100%
coveris speciality bags limited directors
Coveris Speciality Bags Limited currently has 3 directors.
The longest serving directors include
Mr Robert Matthews (Mar 2021) and
Mr Nikolaus Wolfram (Nov 2024).
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 13 charges/mortgages relating to coveris speciality bags limited. Currently there are 4 open charges and 9 have been satisfied in the past.
coveris speciality bags 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 COVERIS SPECIALITY BAGS LIMITED. This can take several minutes, an email will notify you when this has completed.
coveris speciality bags limitedCompanies House Filings - See Documents
