zotefoams plc

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zotefoams plc Company Information

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MatureMegaHigh

Company Number

02714645

Registered Address

675 mitcham road, croydon, CR9 3AL

Industry

Manufacture of other plastic products

 

Activities of head offices

 

Telephone

02086641600

Next Accounts Due

June 2024

Group Structure

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Directors

David Stirling26 Years

Gary McGrath8 Years

View All

Shareholders

-0%

zotefoams plc Estimated Valuation

£443.4m

Pomanda estimates the enterprise value of ZOTEFOAMS PLC at £443.4m based on a Turnover of £127.4m and 3.48x industry multiple (adjusted for size and gross margin).

zotefoams plc Estimated Valuation

£189.4m

Pomanda estimates the enterprise value of ZOTEFOAMS PLC at £189.4m based on an EBITDA of £22.2m and a 8.54x industry multiple (adjusted for size and gross margin).

zotefoams plc Estimated Valuation

£314m

Pomanda estimates the enterprise value of ZOTEFOAMS PLC at £314m based on Net Assets of £109.5m and 2.87x industry multiple (adjusted for liquidity).

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Zotefoams Plc Overview

Zotefoams Plc is a live company located in croydon, CR9 3AL with a Companies House number of 02714645. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in May 1992, it's largest shareholder is unknown. Zotefoams Plc is a mature, mega sized company, Pomanda has estimated its turnover at £127.4m with high growth in recent years.

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Zotefoams Plc Health Check

Pomanda's financial health check has awarded Zotefoams Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £127.4m, make it larger than the average company (£18.6m)

£127.4m - Zotefoams Plc

£18.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4%)

16% - Zotefoams Plc

4% - Industry AVG

production

Production

with a gross margin of 30.4%, this company has a comparable cost of product (29.9%)

30.4% - Zotefoams Plc

29.9% - Industry AVG

profitability

Profitability

an operating margin of 10.9% make it more profitable than the average company (6%)

10.9% - Zotefoams Plc

6% - Industry AVG

employees

Employees

with 518 employees, this is above the industry average (109)

518 - Zotefoams Plc

109 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.5k, the company has a higher pay structure (£41k)

£56.5k - Zotefoams Plc

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £245.9k, this is more efficient (£179.3k)

£245.9k - Zotefoams Plc

£179.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 73 days, this is later than average (50 days)

73 days - Zotefoams Plc

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 23 days, this is quicker than average (42 days)

23 days - Zotefoams Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 107 days, this is more than average (55 days)

107 days - Zotefoams Plc

55 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (14 weeks)

10 weeks - Zotefoams Plc

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.7%, this is a lower level of debt than the average (50.8%)

35.7% - Zotefoams Plc

50.8% - Industry AVG

zotefoams plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Zotefoams Plc Competitor Analysis

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Perform a competitor analysis for zotefoams plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.

zotefoams plc Ownership

ZOTEFOAMS PLC group structure

Zotefoams Plc has 2 subsidiary companies.

Ultimate parent company

ZOTEFOAMS PLC

02714645

2 subsidiaries

ZOTEFOAMS PLC Shareholders

--

zotefoams plc directors

Zotefoams Plc currently has 9 directors. The longest serving directors include Mr David Stirling (Sep 1997) and Mr Gary McGrath (Dec 2015).

officercountryagestartendrole
Mr David StirlingScotland57 years Sep 1997- Director
Mr Gary McGrath56 years Dec 2015- Director
Mr Douglas RobertsonUnited Kingdom70 years Aug 2017- Director
Mr Jonathan Carling59 years Jan 2018- Director
Dr Alison FieldingUnited Kingdom59 years May 2020- Director
Ms Catherine Wall63 years May 2020- Director
Ms Catherine Wall63 years May 2020- Director
Dr Lynn Drummond64 years Jan 2023- Director
Mr Malcolm Swift64 years Sep 2023- Director

ZOTEFOAMS PLC financials

EXPORTms excel logo

Zotefoams Plc's latest turnover from December 2022 is £127.4 million and the company has net assets of £109.5 million. According to their latest financial statements, Zotefoams Plc has 518 employees and maintains cash reserves of £10.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover127,369,000100,750,00082,652,00080,860,00081,037,00070,146,00057,376,00053,869,00048,945,00044,634,00047,188,00044,208,00039,879,00031,816,000
Other Income Or Grants00000000000000
Cost Of Sales88,639,00074,184,00054,874,00052,270,00052,034,00044,659,00037,041,00036,602,00036,103,00033,015,00033,521,00031,624,00028,430,00022,253,000
Gross Profit38,730,00026,566,00027,778,00028,590,00029,003,00025,487,00020,335,00017,267,00012,842,00011,619,00013,667,00012,584,00011,449,0009,563,000
Admin Expenses24,799,00018,433,00018,669,00018,439,00018,379,00017,378,00012,931,00010,942,0007,271,0007,455,0007,637,0006,994,0006,623,0006,556,000
Operating Profit13,931,0008,133,0009,109,00010,151,00010,624,0008,109,0007,404,0006,325,0005,571,0004,164,0006,030,0005,590,0004,826,0003,007,000
Interest Payable1,814,0001,116,000872,000462,000753,000508,000393,000306,000235,000315,000258,0001,260,0001,329,0001,168,000
Interest Receivable56,00011,00026,00050,0000002,0002,0007,0003,0001,135,0001,116,000810,000
Pre-Tax Profit12,223,0007,008,0008,301,0009,811,0009,855,0007,548,0006,990,0006,010,0005,274,0003,856,0005,775,0005,465,0005,324,0002,748,000
Tax-2,217,000-2,632,000-1,138,000-1,594,000-2,003,000-1,540,000-1,294,000-1,213,000-926,000-695,000-1,162,000-911,000-995,000-584,000
Profit After Tax10,006,0004,376,0007,163,0008,217,0007,852,0006,008,0005,696,0004,797,0004,348,0003,161,0004,613,0004,554,0004,329,0002,164,000
Dividends Paid3,188,0003,074,000977,0002,973,0002,707,00002,474,0002,400,0002,112,0002,048,0001,956,0001,835,0001,653,0001,638,000
Retained Profit6,818,0001,302,0006,186,0005,244,0005,145,0006,008,0003,123,0002,424,0002,236,0001,113,0002,657,0002,662,0002,699,000526,000
Employee Costs29,264,00025,196,00022,784,00022,168,00022,092,00019,861,00016,553,00014,039,00012,537,00011,866,00011,795,00010,279,0009,436,0008,284,000
Number Of Employees518496452454416360,000339334300298295273241234
EBITDA*22,175,00015,757,00015,855,00015,609,00015,706,00011,603,00010,999,0009,801,0008,263,0007,773,0009,342,0008,803,0008,086,0005,909,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets95,919,00093,171,00095,577,00087,497,00069,042,00054,567,00048,351,00036,109,00029,237,00027,810,00026,329,00025,923,00025,949,00027,765,000
Intangible Assets7,774,0006,224,0005,888,0006,614,0006,515,0006,681,0007,547,0006,868,0006,851,0004,916,0005,248,0005,729,0005,585,00075,000
Investments & Other153,000163,000183,000145,00073,00089,000142,000163,000174,00000001,687,000
Debtors (Due After 1 year)532,000503,000563,000493,000439,000000000000
Total Fixed Assets103,693,00099,395,000100,956,00094,111,00075,557,00061,248,00055,898,00042,977,00036,088,00032,726,00031,577,00031,652,00031,534,00027,840,000
Stock & work in progress26,139,00025,954,00023,033,00018,604,00017,894,00014,710,00012,307,0009,862,0009,218,0008,019,0006,640,0005,927,0004,134,0004,382,000
Trade Debtors25,803,00020,885,00019,766,00023,315,00023,753,00017,710,00018,643,00016,163,00012,752,0009,797,00010,509,0009,654,0008,846,0007,196,000
Group Debtors00000000000000
Misc Debtors3,644,0003,453,0002,384,00002,618,0002,023,0001,723,0001,056,000685,0001,194,0001,103,000879,000617,000458,000
Cash10,594,0008,055,0008,503,0006,656,0007,073,0004,360,0002,868,0006,148,0004,628,0001,957,0003,698,0003,403,0004,716,0002,975,000
misc current assets486,000173,0001,580,000332,0006,000213,00038,00000000075,000
total current assets66,666,00058,520,00055,266,00048,907,00051,344,00039,016,00035,579,00033,229,00027,283,00020,967,00021,950,00019,863,00018,313,00015,086,000
total assets170,359,000157,915,000156,222,000143,018,000126,901,000100,264,00091,477,00076,206,00063,371,00053,693,00053,527,00051,515,00049,847,00042,926,000
Bank overdraft0023,430,00015,717,00002,550,000805,000879,0000000711,000611,000
Bank loan37,446,00026,564,0000014,500,000001,102,000718,000865,0001,360,000660,000660,0000
Trade Creditors 5,706,0004,322,0003,864,0003,066,0006,301,0005,688,0004,791,0004,787,0002,892,0001,946,0001,501,0001,615,0001,554,0001,204,000
Group/Directors Accounts00000000000000
other short term finances1,550,000600,00053,000134,000011,316,0000005,00094,0002,252,0000660,000
hp & lease commitments509,000486,000420,000369,0000000000000
other current liabilities8,020,0005,003,0004,088,0004,026,0007,404,0006,462,00015,987,0006,384,0004,208,0004,112,0004,127,0004,807,0004,144,0003,475,000
total current liabilities53,231,00036,975,00031,855,00023,312,00028,205,00026,016,00021,583,00013,152,0007,818,0006,928,0007,082,0009,334,0007,069,0005,950,000
loans908,00030,706,00040,498,00044,932,00011,074,00016,900,00010,928,00011,516,0002,978,0004,414,0005,924,0001,640,0002,976,00010,051,000
hp & lease commitments454,000643,000986,000836,0000000000000
Accruals and Deferred Income00000000000000
other liabilities000006,168,000000004,944,0004,959,0000
provisions14,272,00015,624,00019,484,00015,200,00016,156,0001,080,00016,094,00012,352,00013,660,00011,088,00015,586,0002,330,0002,634,0002,754,000
total long term liabilities7,590,00023,165,00029,991,00030,066,00013,615,00015,158,00013,511,00011,934,0008,319,0007,751,00010,755,0006,929,0007,764,0009,294,000
total liabilities60,821,00060,140,00061,846,00053,378,00041,820,00041,174,00035,094,00025,086,00016,137,00014,679,00017,837,00016,263,00014,833,00015,244,000
net assets109,538,00097,775,00094,376,00089,640,00085,081,00059,090,00056,383,00050,982,00047,234,00039,014,00035,690,00035,252,00035,014,00027,682,000
total shareholders funds109,538,00097,775,00094,376,00089,640,00085,081,00059,090,00056,383,00050,982,00047,234,00039,014,00035,690,00035,252,00035,014,00027,682,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit13,931,0008,133,0009,109,00010,151,00010,624,0008,109,0007,404,0006,325,0005,571,0004,164,0006,030,0005,590,0004,826,0003,007,000
Depreciation7,402,0006,503,0005,820,0004,795,0004,316,0002,793,0002,785,0002,827,0002,692,0003,289,0003,012,0002,937,0003,111,0002,902,000
Amortisation842,0001,121,000926,000663,000766,000701,000810,000649,0000320,000300,000276,000149,0000
Tax-2,217,000-2,632,000-1,138,000-1,594,000-2,003,000-1,540,000-1,294,000-1,213,000-926,000-695,000-1,162,000-911,000-995,000-584,000
Stock185,0002,921,0004,429,000710,0003,184,0002,403,0002,445,000644,0001,199,0001,379,000713,0001,793,000-248,0004,382,000
Debtors5,138,0002,128,000-1,095,000-3,002,0007,077,000-633,0003,147,0003,782,0002,446,000-621,0001,079,0001,070,0001,809,0007,654,000
Creditors1,384,000458,000798,000-3,235,000613,000897,0004,0001,895,000946,000445,000-114,00061,000350,0001,204,000
Accruals and Deferred Income3,017,000915,00062,000-3,378,000942,000-9,525,0009,603,0002,176,00096,000-15,000-680,000663,000669,0003,475,000
Deferred Taxes & Provisions-1,352,000-3,860,0004,284,000-956,00015,076,000-15,014,0003,742,000-1,308,0002,572,000-4,498,00013,256,000-304,000-120,0002,754,000
Cash flow from operations17,684,0005,589,00016,527,0008,738,00020,073,000-15,349,00017,462,0006,925,0007,306,0002,252,00018,850,0005,449,0006,429,000722,000
Investing Activities
capital expenditure-12,542,000-5,554,000-14,100,000-24,012,000-19,391,000-8,844,000-16,516,000-10,365,000-6,054,000-4,758,000-3,237,000-3,331,000-6,954,000-30,742,000
Change in Investments-10,000-20,00038,00072,000-16,000-53,000-21,000-11,000174,000000-1,687,0001,687,000
cash flow from investments-12,532,000-5,534,000-14,138,000-24,084,000-19,375,000-8,791,000-16,495,000-10,354,000-6,228,000-4,758,000-3,237,000-3,331,000-5,267,000-32,429,000
Financing Activities
Bank loans10,882,00026,564,0000-14,500,00014,500,0000-1,102,000384,000-147,000-495,000700,0000660,0000
Group/Directors Accounts00000000000000
Other Short Term Loans 950,000547,000-81,000134,000-11,316,00011,316,00000-5,000-89,000-2,158,0002,252,000-660,000660,000
Long term loans-29,798,000-9,792,000-4,434,00033,858,000-5,826,0005,972,000-588,0008,538,000-1,436,000-1,510,0004,284,000-1,336,000-7,075,00010,051,000
Hire Purchase and Lease Commitments-166,000-277,000201,0001,205,0000000000000
other long term liabilities0000-6,168,0006,168,0000000-4,944,000-15,0004,959,0000
share issue4,945,0002,097,000-1,450,000-685,00020,846,000-3,301,0002,278,0001,324,0005,984,0002,211,000-2,219,000-2,424,0004,633,00027,156,000
interest-1,758,000-1,105,000-846,000-412,000-753,000-508,000-393,000-304,000-233,000-308,000-255,000-125,000-213,000-358,000
cash flow from financing-14,945,00018,034,000-6,610,00019,600,00011,283,00019,647,000195,0009,942,0004,163,000-191,000-4,592,000-1,648,0002,304,00037,509,000
cash and cash equivalents
cash2,539,000-448,0001,847,000-417,0002,713,0001,492,000-3,280,0001,520,0002,671,000-1,741,000295,000-1,313,0001,741,0002,975,000
overdraft0-23,430,0007,713,00015,717,000-2,550,0001,745,000-74,000879,000000-711,000100,000611,000
change in cash2,539,00022,982,000-5,866,000-16,134,0005,263,000-253,000-3,206,000641,0002,671,000-1,741,000295,000-602,0001,641,0002,364,000

P&L

December 2022

turnover

127.4m

+26%

operating profit

13.9m

+71%

gross margin

30.5%

+15.32%

turnover

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

Balance Sheet

December 2022

net assets

109.5m

+0.12%

total assets

170.4m

+0.08%

cash

10.6m

+0.32%

net assets

Total assets minus all liabilities

zotefoams plc company details

company number

02714645

Type

Public limited with Share Capital

industry

22290 - Manufacture of other plastic products

70100 - Activities of head offices

incorporation date

May 1992

age

32

accounts

Group

ultimate parent company

None

previous names

ludgate forty six limited (August 1992)

incorporated

UK

address

675 mitcham road, croydon, CR9 3AL

last accounts submitted

December 2022

zotefoams plc 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 11 charges/mortgages relating to zotefoams plc. Currently there are 1 open charges and 10 have been satisfied in the past.

charges

zotefoams plc Companies House Filings - See Documents

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