palram polycarb limited

palram polycarb limited Company Information

Share PALRAM POLYCARB LIMITED
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Company Number

03013725

Industry

Manufacture of other plastic products

 

Shareholders

paltough industries (1998) ltd

Group Structure

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Contact

Registered Address

5.2 central house, 1 ballards lane, london, N3 1LQ

palram polycarb limited Estimated Valuation

£12.2m

Pomanda estimates the enterprise value of PALRAM POLYCARB LIMITED at £12.2m based on a Turnover of £26.6m and 0.46x industry multiple (adjusted for size and gross margin).

palram polycarb limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PALRAM POLYCARB LIMITED at £0 based on an EBITDA of £-458.3k and a 3.66x industry multiple (adjusted for size and gross margin).

palram polycarb limited Estimated Valuation

£34.7m

Pomanda estimates the enterprise value of PALRAM POLYCARB LIMITED at £34.7m based on Net Assets of £18.8m and 1.85x industry multiple (adjusted for liquidity).

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Palram Polycarb Limited Overview

Palram Polycarb Limited is a live company located in london, N3 1LQ with a Companies House number of 03013725. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in January 1995, it's largest shareholder is paltough industries (1998) ltd with a 100% stake. Palram Polycarb Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.6m with low growth in recent years.

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Palram Polycarb Limited Health Check

Pomanda's financial health check has awarded Palram Polycarb Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £26.6m, make it larger than the average company (£16.9m)

£26.6m - Palram Polycarb Limited

£16.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.1%)

2% - Palram Polycarb Limited

8.1% - Industry AVG

production

Production

with a gross margin of 8.8%, this company has a higher cost of product (27%)

8.8% - Palram Polycarb Limited

27% - Industry AVG

profitability

Profitability

an operating margin of -3.5% make it less profitable than the average company (5.4%)

-3.5% - Palram Polycarb Limited

5.4% - Industry AVG

employees

Employees

with 100 employees, this is similar to the industry average (101)

100 - Palram Polycarb Limited

101 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.6k, the company has an equivalent pay structure (£37.4k)

£35.6k - Palram Polycarb Limited

£37.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £266.1k, this is more efficient (£174.5k)

£266.1k - Palram Polycarb Limited

£174.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (51 days)

0 days - Palram Polycarb Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 28 days, this is quicker than average (38 days)

28 days - Palram Polycarb Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 76 days, this is more than average (59 days)

76 days - Palram Polycarb Limited

59 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)

13 weeks - Palram Polycarb Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15%, this is a lower level of debt than the average (41.7%)

15% - Palram Polycarb Limited

41.7% - Industry AVG

PALRAM POLYCARB LIMITED financials

EXPORTms excel logo

Palram Polycarb Limited's latest turnover from December 2023 is £26.6 million and the company has net assets of £18.8 million. According to their latest financial statements, Palram Polycarb Limited has 100 employees and maintains cash reserves of £699.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover26,605,94732,374,10729,416,02825,205,39925,139,35926,857,23728,115,94225,894,76130,793,47029,607,18928,820,10025,176,51526,216,17525,203,95622,218,724
Other Income Or Grants000000000000000
Cost Of Sales24,261,66227,543,67322,792,88017,936,79420,589,77424,405,84824,284,72219,723,54324,701,09823,309,57022,180,99219,446,59120,945,57621,608,25618,046,105
Gross Profit2,344,2854,830,4346,623,1487,268,6054,549,5852,451,3893,831,2206,171,2186,092,3726,297,6196,639,1085,729,9245,270,5993,595,7004,172,619
Admin Expenses3,281,7252,485,1112,166,3861,912,7132,611,1842,231,6252,338,8084,118,5155,717,2136,232,5216,570,3434,599,2384,866,0944,794,2413,933,288
Operating Profit-937,4402,345,3234,456,7625,355,8921,938,401219,7641,492,4122,052,703375,15965,09868,7651,130,686404,505-1,198,541239,331
Interest Payable2,0711,31936739,599116,152202,884156,63033,571155,267162,431173,583145,280160,056120,23478,673
Interest Receivable13,02939,94332,75377,639124,40699,606156,630176,7167,1328,00010,00010132800
Pre-Tax Profit-1,346,8561,359,9744,074,6715,504,9661,865,746130,9191,266,9492,023,453226,383-89,333-94,818985,507244,777-1,541,695160,658
Tax309,550-493,477-845,094-1,071,012-350,378-28,790-275,919-346,989-70,203-17,338-81,773-279,431-43,307508,499-49,388
Profit After Tax-1,037,306866,4973,229,5774,433,9541,515,368102,129991,0301,676,464156,180-106,671-176,591706,076201,470-1,033,196111,270
Dividends Paid000000000000000
Retained Profit-1,037,306866,4973,229,5774,433,9541,515,368102,129991,0301,676,464156,180-106,671-176,591706,076201,470-1,033,196111,270
Employee Costs3,562,3972,917,6652,797,3652,670,8612,769,1082,728,5382,591,0322,462,6373,573,0163,601,9513,408,8272,293,0342,337,1792,233,1742,180,643
Number Of Employees1009089869090878412712612281848690
EBITDA*-458,3232,741,2394,824,2795,693,7042,238,108512,3971,504,2672,052,703831,879573,027503,3881,616,388943,506-688,714675,904

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,952,9442,447,9942,449,1742,708,4364,111,5363,857,2383,108,4683,290,1693,686,9533,776,0803,783,1944,720,2815,252,2694,793,4584,038,498
Intangible Assets0000000000073,000146,000219,000292,500
Investments & Other001,242,1871,242,1871,242,187902,2381175,530000902,944902,94423,87023,870
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,952,9442,447,9943,691,3613,950,6234,111,5363,857,2383,108,4683,290,1693,686,9533,776,0803,783,1944,793,2815,398,2695,012,4584,330,998
Stock & work in progress5,082,3345,284,6175,441,8052,730,7373,205,7374,343,7232,831,8323,761,2664,036,2857,016,2876,746,4695,731,0773,499,2564,570,2843,773,333
Trade Debtors9,8833,76612,3367003,269021,39021,42531,21820,47826,4554,61670,591103,119223
Group Debtors12,485,74911,980,76611,283,41312,354,48011,610,6448,609,40515,166,79412,892,2809,421,5975,781,0605,560,6447,903,2665,784,9388,778,9126,617,358
Misc Debtors877,7121,224,196595,248439,296330,33096,72162,91486,803307,737649,047493,687211,035309,496259,576277,039
Cash699,508570,698283,293336,9232,8473,8973,039154,821603,47286,7421,471,9771,776109,9162,34251,947
misc current assets000000000000000
total current assets19,155,18619,064,04317,616,09515,862,13615,152,82713,053,74618,085,96916,916,59514,400,30913,553,61414,299,23213,851,7709,774,19713,714,23310,719,900
total assets22,108,13021,512,03721,307,45619,812,75919,264,36316,910,98421,194,43720,206,76418,087,26217,329,69418,082,42618,645,05115,172,46618,726,69115,050,898
Bank overdraft000000246,7271,241,448001,072,9462,088,5071,372,0392,878,2630
Bank loan00003,000,0002,500,0008,000,0001,000,000000651,254779,310472,549377,830
Trade Creditors 1,876,875816,6371,207,8242,854,0863,563,3103,645,6483,033,8732,743,0085,250,1659,299,0486,003,0525,374,7593,242,5295,692,2403,062,008
Group/Directors Accounts652,512232,057439,733150,729000085,597000000
other short term finances00000000001,000,0001,250,0001,250,0002,500,0000
hp & lease commitments00000000008,61925,16951,684158,657199,478
other current liabilities230,907146,831216,035741,2621,102,8821,043,1211,158,1991,000,353340,2311,123,5632,125,0382,485,0731,740,994828,7243,669,201
total current liabilities2,760,2941,195,5251,863,5923,746,0777,666,1927,188,76912,438,7995,984,8095,675,99310,422,61110,209,65511,874,7628,436,55612,530,4337,308,517
loans000000013,000,0006,500,0002,142,8583,747,230834,7162,204,3521,766,2481,863,580
hp & lease commitments00000000005,02913,64838,817100,862220,118
Accruals and Deferred Income84,287111,908139,52860,00400000000000
other liabilities000000100,003113,336149,868000000
provisions480,994384,743350,972282,891470,002389,168438,026326,054091,958249,256455,084415,508328,8941,208,452
total long term liabilities565,281496,651490,500342,895235,001194,584319,0166,776,3636,649,8681,117,4081,998,243644,9001,309,9301,047,5711,536,016
total liabilities3,325,5751,692,1762,354,0924,088,9727,901,1937,383,35312,757,81512,761,17212,325,86111,540,01912,207,89812,519,6629,746,48613,578,0048,844,533
net assets18,782,55519,819,86118,953,36415,723,78711,363,1709,527,6318,436,6227,445,5925,761,4015,789,6755,874,5286,125,3895,425,9805,148,6876,206,365
total shareholders funds18,782,55519,819,86118,953,36415,723,78711,363,1709,527,6318,436,6227,445,5925,761,4015,789,6755,874,5286,125,3895,425,9805,148,6876,206,365
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-937,4402,345,3234,456,7625,355,8921,938,401219,7641,492,4122,052,703375,15965,09868,7651,130,686404,505-1,198,541239,331
Depreciation479,117395,916367,517337,812299,707292,63311,8550456,720507,929434,623485,702539,001509,827436,573
Amortisation000000000000000
Tax309,550-493,477-845,094-1,071,012-350,378-28,790-275,919-346,989-70,203-17,338-81,773-279,431-43,307508,499-49,388
Stock-202,283-157,1882,711,068-475,000-1,137,9861,511,891-929,434-275,019-2,980,002269,8181,015,3922,231,821-1,071,028796,9513,773,333
Debtors164,6161,317,731-903,479850,2333,238,117-6,544,9722,250,5903,239,9563,309,967369,799-2,038,1311,953,892-2,976,5822,246,9876,894,620
Creditors1,060,238-391,187-1,646,262-709,224-82,338611,775290,865-2,507,157-4,048,8833,295,996628,2932,132,230-2,449,7112,630,2323,062,008
Accruals and Deferred Income56,455-96,824-445,703-301,61659,761-115,078157,846660,122-783,332-1,001,475-360,035744,079912,270-2,840,4773,669,201
Deferred Taxes & Provisions96,25133,77168,081-187,11180,834-48,858111,972326,054-91,958-157,298-205,82839,57686,614-879,5581,208,452
Cash flow from operations1,101,838632,979147,7123,049,508-154,1445,964,527467,875-2,780,204-4,492,4622,053,2951,506,78467,1293,496,982-4,313,956-2,101,776
Investing Activities
capital expenditure-984,067-394,736-108,2551,065,288-554,005-1,041,403169,846396,784-386,192-500,815575,464119,286-924,812-1,191,287-4,767,571
Change in Investments0-1,242,18700339,949902,237-175,529175,53000-902,9440879,074023,870
cash flow from investments-984,067847,451-108,2551,065,288-893,954-1,943,640345,375221,254-386,192-500,8151,478,408119,286-1,803,886-1,191,287-4,791,441
Financing Activities
Bank loans000-3,000,000500,000-5,500,0007,000,0001,000,00000-651,254-128,056306,76194,719377,830
Group/Directors Accounts420,455-207,676289,004150,729000-85,59785,597000000
Other Short Term Loans 000000000-1,000,000-250,0000-1,250,0002,500,0000
Long term loans000000-13,000,0006,500,0004,357,142-1,604,3722,912,514-1,369,636438,104-97,3321,863,580
Hire Purchase and Lease Commitments000000000-13,648-25,169-51,684-169,018-160,077419,596
other long term liabilities00000-100,003-13,333-36,532149,868000000
share issue000-73,337320,171988,88007,727-184,45421,818-74,270-6,66775,823-24,4826,095,095
interest10,95838,62432,38638,0408,254-103,2780143,145-148,135-154,431-163,583-145,179-159,728-120,234-78,673
cash flow from financing431,413-169,052321,390-2,884,568828,425-4,714,401-6,013,3337,528,7434,260,018-2,750,6331,748,238-1,701,222-758,0582,192,5948,677,428
cash and cash equivalents
cash128,810287,405-53,630334,076-1,050858-151,782-448,651516,730-1,385,2351,470,201-108,140107,574-49,60551,947
overdraft00000-246,727-994,7211,241,4480-1,072,946-1,015,561716,468-1,506,2242,878,2630
change in cash128,810287,405-53,630334,076-1,050247,585842,939-1,690,099516,730-312,2892,485,762-824,6081,613,798-2,927,86851,947

palram polycarb limited 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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Palram Polycarb Limited Competitor Analysis

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Perform a competitor analysis for palram polycarb limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in N 3 area or any other competitors across 12 key performance metrics.

palram polycarb limited Ownership

PALRAM POLYCARB LIMITED group structure

Palram Polycarb Limited has no subsidiary companies.

Ultimate parent company

PALRAM INDUSTRIES (1990) LTD

#0054621

PALTOUGH INDUSTRIES (1998) LTD

#0022083

2 parents

PALRAM POLYCARB LIMITED

03013725

PALRAM POLYCARB LIMITED Shareholders

paltough industries (1998) ltd 100%

palram polycarb limited directors

Palram Polycarb Limited currently has 4 directors. The longest serving directors include Mr Shai Michael (Apr 2019) and Mr Omry Jakobovitz (Nov 2019).

officercountryagestartendrole
Mr Shai MichaelEngland58 years Apr 2019- Director
Mr Omry JakobovitzEngland37 years Nov 2019- Director
Mrs Jennifer ArmitageEngland51 years Jan 2022- Director
Mr Avishai ZamirEngland48 years Mar 2023- Director

P&L

December 2023

turnover

26.6m

-18%

operating profit

-937.4k

-140%

gross margin

8.9%

-40.95%

turnover

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

Balance Sheet

December 2023

net assets

18.8m

-0.05%

total assets

22.1m

+0.03%

cash

699.5k

+0.23%

net assets

Total assets minus all liabilities

palram polycarb limited company details

company number

03013725

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

January 1995

age

29

incorporated

UK

ultimate parent company

PALRAM INDUSTRIES (1990) LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

polycarb limited (August 2003)

tessglen enterprises limited (March 1995)

accountant

-

auditor

HAWSONS

address

5.2 central house, 1 ballards lane, london, N3 1LQ

Bank

BANK OF COMMERCE

Legal Advisor

-

palram polycarb 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 found 7 charges/mortgages relating to palram polycarb limited. Currently there are 3 open charges and 4 have been satisfied in the past.

palram polycarb 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.

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palram polycarb limited Companies House Filings - See Documents

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