Counterplas Limited

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counterplas limited Company Information

Company Number

02560907

Next Accounts

Sep 2025

Directors

Paul Isherwood

Shareholders

paul james isherwood

bare investments limited

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Group Structure

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Industry

Manufacture of other plastic products

Registered Address

landywood lane cheslyn hay, walsall, west midlands, WS6 7AL

Website

www.counterplas.co.uk

counterplas limited Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of COUNTERPLAS LIMITED at £4.9m based on a Turnover of £11.3m and 0.43x industry multiple (adjusted for size and gross margin).

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Counterplas Limited is a live company located in west midlands, WS6 7AL with a Companies House number of 02560907. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in November 1990, it's largest shareholder is paul james isherwood with a 40% stake. Counterplas Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with high growth in recent years.

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Pomanda's financial health check has awarded Counterplas Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £11.3m, make it smaller than the average company (£16.9m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.9%)

EXPORT

Counterplas Limited's latest turnover from December 2023 is £11.3 million and the company has net assets of £1.5 million. According to their latest financial statements, Counterplas Limited has 67 employees and maintains cash reserves of £206 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	11,291,089	12,077,871	10,060,980	6,598,094	6,648,157	5,709,644	3,354,105	3,599,233	2,882,002	3,715,375	3,463,856	3,793,632	3,889,979	3,822,726	2,816,177
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,323,444	9,881,439	8,335,810	4,738,606	4,748,584	4,076,042	2,346,042	2,498,607	2,014,211	2,621,362	2,454,681	2,691,151	2,764,673	2,643,941	2,227,865
Gross Profit	1,967,645	2,196,432	1,725,170	1,859,489	1,899,573	1,633,602	1,008,062	1,100,626	867,791	1,094,013	1,009,175	1,102,481	1,125,307	1,178,785	588,312
Admin Expenses	1,397,638	1,233,574	1,132,955	1,858,784	1,861,413	1,666,836	878,524	1,009,714	766,229	1,092,668	895,935	996,108	1,035,357	1,170,337	411,679
Operating Profit	570,007	962,858	592,215	705	38,160	-33,234	129,538	90,912	101,562	1,345	113,240	106,373	89,950	8,448	176,633
Interest Payable	66,221	57,748	96,286	11,948	0	0	0	0	0	0	0	0	0	0	2,472
Interest Receivable	0	0	0	102	120	724	97	36	69	231	221	55	77	91	0
Pre-Tax Profit	503,786	905,110	495,929	-11,141	38,280	-32,510	129,635	90,948	101,631	1,576	113,461	106,428	90,027	8,539	174,161
Tax	-116,500	-264,095	-102,006	0	-7,273	0	-24,631	-18,189	-20,326	-331	-26,096	-25,543	-23,407	-2,391	-14,146
Profit After Tax	387,286	641,015	393,923	-11,141	31,007	-32,510	105,004	72,758	81,305	1,245	87,365	80,885	66,620	6,148	160,015
Dividends Paid	190,000	367,108	160,000	0	0	0	0	0	0	0	0	0	0	0	110,000
Retained Profit	197,286	273,907	233,923	-11,141	31,007	-32,510	105,004	72,758	81,305	1,245	87,365	80,885	66,620	6,148	50,015
Employee Costs	1,909,451	1,884,293	1,689,220	1,947,695	1,435,114	832,084	1,030,472	928,187	866,833	860,771	807,000	874,586	936,498	931,003	716,984
Number Of Employees	67	75	68	58	44	26	33	31	30	30	29	32	35	35	27
EBITDA*	877,718	1,215,518	827,196	134,144	192,089	87,152	232,764	166,629	167,540	126,118	228,910	196,021	187,414	115,187	232,691

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,034,531	1,865,459	1,904,658	1,590,666	1,266,625	689,444	384,288	367,214	224,272	246,287	439,891	284,276	342,438	306,222	408,040
Intangible Assets	0	0	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Investments & Other	0	0	100	100	100	100	0	0	0	0	31,215	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,034,531	1,865,459	1,904,758	1,591,766	1,267,725	690,544	385,288	368,214	225,272	247,287	472,106	285,276	343,438	307,222	409,040
Stock & work in progress	827,753	925,763	880,018	625,799	602,461	377,162	285,400	291,109	296,356	255,814	282,486	297,394	255,857	263,308	178,056
Trade Debtors	2,024,323	2,429,335	2,576,218	1,316,714	1,559,503	1,654,314	730,074	898,753	634,709	842,129	686,744	800,363	815,037	840,270	750,523
Group Debtors	0	0	0	0	0	154,771	0	0	0	0	0	0	0	0	0
Misc Debtors	525,976	661,939	143,130	362,641	91,414	105,562	271,809	258,969	110,237	0	133,173	106,173	73,673	0	0
Cash	206,033	82,392	297,653	26,563	64,485	176,434	16,713	22,012	6,592	21,195	71,066	17,335	4,581	26,341	10,010
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,584,085	4,099,429	3,897,019	2,331,717	2,317,863	2,468,243	1,303,996	1,470,843	1,047,894	1,119,138	1,173,469	1,221,265	1,149,148	1,129,919	938,589
total assets	5,618,616	5,964,888	5,801,777	3,923,483	3,585,588	3,158,787	1,689,284	1,839,057	1,273,166	1,366,425	1,645,575	1,506,541	1,492,586	1,437,141	1,347,629
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	78,197	78,197	78,198	54,642	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,488,603	1,844,599	1,454,864	748,838	918,434	924,645	428,933	522,860	314,039	689,378	836,664	832,056	952,550	926,577	774,345
Group/Directors Accounts	0	0	4,469	50,035	50,035	0	0	0	0	0	122,809	103,148	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	322,507	246,596	291,733	207,096	200,783	96,060	38,933	13,501	0	0	0	0	0	0	0
other current liabilities	1,099,190	1,376,435	1,681,840	869,194	896,476	984,702	179,675	456,376	205,946	0	0	0	0	0	0
total current liabilities	2,988,497	3,545,827	3,511,104	1,929,805	2,065,728	2,005,407	647,541	992,737	519,985	689,378	959,473	935,204	952,550	926,577	774,345
loans	86,831	165,029	244,737	337,080	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	512,416	475,250	714,352	711,182	542,331	212,624	100,999	6,397	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	50,000	0	0	0	0	0	0	0	0	0	42,390	111,258	180,126
provisions	481,119	426,315	203,024	100,779	90,744	84,978	52,456	56,639	42,655	47,826	58,126	30,726	37,920	6,200	6,200
total long term liabilities	1,080,366	1,066,594	1,212,113	1,149,041	633,075	297,602	153,455	63,036	42,655	47,826	58,126	30,726	80,310	117,458	186,326
total liabilities	4,068,863	4,612,421	4,723,217	3,078,846	2,698,803	2,303,009	800,996	1,055,773	562,640	737,204	1,017,599	965,930	1,032,860	1,044,035	960,671
net assets	1,549,753	1,352,467	1,078,560	844,637	886,785	855,778	888,288	783,284	710,526	629,221	627,976	540,611	459,726	393,106	386,958
total shareholders funds	1,549,753	1,352,467	1,078,560	844,637	886,785	855,778	888,288	783,284	710,526	629,221	627,976	540,611	459,726	393,106	386,958

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	570,007	962,858	592,215	705	38,160	-33,234	129,538	90,912	101,562	1,345	113,240	106,373	89,950	8,448	176,633
Depreciation	307,711	252,660	233,981	133,439	153,929	120,386	103,226	75,717	65,978	124,773	115,670	89,648	97,464	106,739	56,058
Amortisation	0	0	1,000	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-116,500	-264,095	-102,006	0	-7,273	0	-24,631	-18,189	-20,326	-331	-26,096	-25,543	-23,407	-2,391	-14,146
Stock	-98,010	45,745	254,219	248,637	225,299	91,762	-5,709	-5,247	40,542	-26,672	-14,908	41,537	-7,451	85,252	178,056
Debtors	-540,975	371,926	1,039,993	-235,292	-263,730	912,764	-155,839	412,776	-97,183	22,212	-86,619	17,826	48,440	89,747	750,523
Creditors	-355,996	389,735	706,026	-175,807	-6,211	495,712	-93,927	208,821	-375,339	-147,286	4,608	-120,494	25,973	152,232	774,345
Accruals and Deferred Income	-277,245	-305,405	812,646	-115,508	-88,226	805,027	-276,701	250,430	205,946	0	0	0	0	0	0
Deferred Taxes & Provisions	54,804	223,291	102,245	15,801	5,766	32,522	-4,183	13,984	-5,171	-10,300	27,400	-7,194	31,720	0	6,200
Cash flow from operations	821,766	841,373	1,051,895	-154,715	134,576	415,887	-5,130	214,146	29,291	-27,339	336,349	-16,573	180,711	90,029	70,511
Investing Activities
capital expenditure	0	0	0	-1,034,661	-731,110	-425,542	-120,300	-218,659	-43,963	68,831	-271,285	-31,486	-133,680	-4,921	-465,098
Change in Investments	0	-100	0	0	0	100	0	0	0	-31,215	31,215	0	0	0	0
cash flow from investments	0	100	0	-1,034,661	-731,110	-425,642	-120,300	-218,659	-43,963	100,046	-302,500	-31,486	-133,680	-4,921	-465,098
Financing Activities
Bank loans	0	-1	23,556	54,642	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-4,469	-45,566	50,035	50,035	0	0	0	0	-122,809	19,661	103,148	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-78,198	-79,708	-92,343	337,080	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	113,077	-284,239	87,807	609,594	434,430	168,752	120,034	19,898	0	0	0	0	0	0	0
other long term liabilities	0	-50,000	50,000	0	0	0	0	0	0	0	0	-42,390	-68,868	-68,868	180,126
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	336,943
interest	-66,221	-57,748	-96,286	-11,846	120	724	97	36	69	231	221	55	77	91	-2,472
cash flow from financing	-31,342	-476,165	-72,832	1,039,505	484,585	169,476	120,131	19,934	69	-122,578	19,882	60,813	-68,791	-68,777	514,597
cash and cash equivalents
cash	123,641	-215,261	271,090	-149,871	-111,949	159,721	-5,299	15,420	-14,603	-49,871	53,731	12,754	-21,760	16,331	10,010
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	123,641	-215,261	271,090	-149,871	-111,949	159,721	-5,299	15,420	-14,603	-49,871	53,731	12,754	-21,760	16,331	10,010

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COUNTERPLAS LIMITED group structure

Counterplas Limited has no subsidiary companies.

Ultimate parent company

COUNTERPLAS LIMITED

02560907

COUNTERPLAS LIMITED Shareholders

paul james isherwood	40%
bare investments limited	25%
stephen michael hall	20%
pji 212 limited	15%

Counterplas Limited currently has 1 director, Mr Paul Isherwood serving since Jan 2004.

officer	country	age	start	end	role
Mr Paul Isherwood	England	51 years	Jan 2004	-	Director

P&L

December 2023

turnover

11.3m

-7%

operating profit

570k

-41%

gross margin

17.5%

-4.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.5m

+0.15%

total assets

5.6m

-0.06%

cash

206k

+1.5%

net assets

Total assets minus all liabilities

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company number

02560907

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

November 1990

ultimate parent company

None

previous names

recordrelay limited (May 1991)

address

landywood lane cheslyn hay, walsall, west midlands, WS6 7AL

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 8 charges/mortgages relating to counterplas limited. Currently there are 2 open charges and 6 have been satisfied in the past.

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counterplas limited Company Information

counterplas limited Estimated Valuation

counterplas limited Estimated Valuation

counterplas limited Estimated Valuation

Counterplas Limited Overview

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COUNTERPLAS LIMITED financials

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