Reform Polythene Limited

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reform polythene limited Company Information

Company Number

03044343

Next Accounts

Sep 2025

Directors

Robert Stewart

Shareholders

world packaging ltd

Group Structure

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Industry

Manufacture of other plastic products

Registered Address

stewart house primett road, stevenage, SG1 3EE

Website

www.reformplastics.co.uk

reform polythene limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of REFORM POLYTHENE LIMITED at £3.2m based on a Turnover of £7.8m and 0.41x industry multiple (adjusted for size and gross margin).

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Reform Polythene Limited is a live company located in stevenage, SG1 3EE with a Companies House number of 03044343. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in April 1995, it's largest shareholder is world packaging ltd with a 100% stake. Reform Polythene Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.8m with high growth in recent years.

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Pomanda's financial health check has awarded Reform Polythene Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £7.8m, make it smaller than the average company (£16.9m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.9%)

EXPORT

Reform Polythene Limited's latest turnover from December 2023 is estimated at £7.8 million and the company has net assets of £1.4 million. According to their latest financial statements, Reform Polythene Limited has 45 employees and maintains cash reserves of £476.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	7,836,749	6,168,080	5,567,577	4,411,019	4,584,602	4,817,511	4,522,442	4,430,884	5,203,329	6,272,748	5,145,862	5,178,574	5,048,732	4,622,181
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,395,545	5,034,881	4,478,927	3,506,572	3,670,837	3,811,037	3,548,999	3,464,147	4,090,807	4,979,896	4,084,235	4,153,753	3,993,171	3,625,595
Gross Profit	1,441,205	1,133,199	1,088,650	904,447	913,765	1,006,474	973,443	966,737	1,112,522	1,292,852	1,061,627	1,024,821	1,055,561	996,586
Admin Expenses	1,332,333	960,869	975,465	710,068	909,659	904,236	840,286	798,983	956,029	1,177,034	1,073,745	993,556	1,006,623	513,118
Operating Profit	108,872	172,330	113,185	194,379	4,106	102,238	133,157	167,754	156,493	115,818	-12,118	31,265	48,938	483,468
Interest Payable	0	0	13,790	13,459	0	0	0	0	0	0	0	0	0	0
Interest Receivable	25,228	14,402	1,034	329	2,363	2,244	823	1,108	1,110	900	664	1,102	1,058	275
Pre-Tax Profit	134,100	186,732	100,428	181,249	6,469	104,481	133,980	168,863	157,604	116,718	-11,454	32,367	49,996	483,743
Tax	-33,525	-35,479	-19,081	-34,437	-1,229	-19,851	-25,456	-33,772	-31,521	-24,511	0	-7,768	-12,999	-135,448
Profit After Tax	100,575	151,253	81,347	146,812	5,240	84,630	108,524	135,090	126,083	92,207	-11,454	24,599	36,997	348,295
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	100,575	151,253	81,347	146,812	5,240	84,630	108,524	135,090	126,083	92,207	-11,454	24,599	36,997	348,295
Employee Costs	1,683,773	1,544,605	1,419,666	1,402,498	1,380,893	1,270,072	1,129,275	1,045,932	777,876	982,380	744,979	726,912	727,192	736,962
Number Of Employees	45	43	41	43	43	40	37	36	27	35	27	27	27	28
EBITDA*	265,413	318,049	266,198	300,126	108,952	197,439	231,885	262,169	225,814	185,486	73,487	105,173	118,582	548,834

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	251,328	350,234	461,957	457,379	521,313	560,371	538,533	484,381	491,873	331,137	364,416	332,060	264,980	262,518
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	251,328	350,234	461,957	457,379	521,313	560,371	538,533	484,381	491,873	331,137	364,416	332,060	264,980	262,518
Stock & work in progress	720,479	603,158	661,599	415,290	504,453	460,465	388,557	375,217	388,593	448,006	365,830	364,154	288,036	331,069
Trade Debtors	2,195,218	1,808,619	1,683,144	1,485,926	1,548,672	1,659,445	1,648,928	1,622,997	1,364,690	1,619,030	1,303,565	1,428,287	1,412,893	1,314,407
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	65,018	45,193	27,812	25,952	60,371	0	0	0	0	0	0
Cash	476,250	484,799	338,188	488,701	170,128	459,939	437,605	220,883	222,420	221,716	138,224	127,538	313,330	109,939
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,391,947	2,896,576	2,682,931	2,454,935	2,268,446	2,607,661	2,501,042	2,279,468	1,975,703	2,288,752	1,807,619	1,919,979	2,014,259	1,755,415
total assets	3,643,275	3,246,810	3,144,888	2,912,314	2,789,759	3,168,032	3,039,575	2,763,849	2,467,576	2,619,889	2,172,035	2,252,039	2,279,239	2,017,933
Bank overdraft	0	0	0	437,055	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,964,988	1,565,373	1,552,177	657,620	724,768	961,577	988,770	951,120	1,670,218	2,051,658	1,670,229	1,755,201	1,847,915	1,631,694
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	34,972	41,640	65,274	45,283	41,255	0	0	0	0	0	0
other current liabilities	0	0	0	570,110	925,658	1,015,187	979,057	877,781	0	0	0	0	0	0
total current liabilities	1,964,988	1,565,373	1,552,177	1,699,757	1,692,066	2,042,038	2,013,110	1,870,156	1,670,218	2,051,658	1,670,229	1,755,201	1,847,915	1,631,694
loans	0	0	0	4,224	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	35,810	70,782	90,723	79,366	64,976	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	193,867	276,314	338,841	0	0	0	0	0	106,231	35,487	59,869	40,047	8,832	3,544
provisions	54,122	75,400	75,400	75,400	76,600	90,200	86,658	76,800	74,300	42,000	43,400	46,800	37,100	34,300
total long term liabilities	247,989	351,714	414,241	115,434	147,382	180,923	166,024	141,776	180,531	77,487	103,269	86,847	45,932	37,844
total liabilities	2,212,977	1,917,087	1,966,418	1,815,191	1,839,448	2,222,961	2,179,134	2,011,932	1,850,749	2,129,145	1,773,498	1,842,048	1,893,847	1,669,538
net assets	1,430,298	1,329,723	1,178,470	1,097,123	950,311	945,071	860,441	751,917	616,827	490,744	398,537	409,991	385,392	348,395
total shareholders funds	1,430,298	1,329,723	1,178,470	1,097,123	950,311	945,071	860,441	751,917	616,827	490,744	398,537	409,991	385,392	348,395

	Dec 2023	Dec 2022	Dec 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	108,872	172,330	113,185	194,379	4,106	102,238	133,157	167,754	156,493	115,818	-12,118	31,265	48,938	483,468
Depreciation	156,541	145,719	153,013	105,747	104,846	95,201	98,728	94,415	69,321	69,668	85,605	73,908	69,644	65,366
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-33,525	-35,479	-19,081	-34,437	-1,229	-19,851	-25,456	-33,772	-31,521	-24,511	0	-7,768	-12,999	-135,448
Stock	117,321	-58,441	246,309	-89,163	43,988	71,908	13,340	-13,376	-59,413	82,176	1,676	76,118	-43,033	331,069
Debtors	386,599	125,475	132,200	-42,921	-93,392	12,377	-8,488	318,678	-254,340	315,465	-124,722	15,394	98,486	1,314,407
Creditors	399,615	13,196	894,557	-67,148	-236,809	-27,193	37,650	-719,098	-381,440	381,429	-84,972	-92,714	216,221	1,631,694
Accruals and Deferred Income	0	0	-570,110	-355,548	-89,529	36,130	101,276	877,781	0	0	0	0	0	0
Deferred Taxes & Provisions	-21,278	0	0	-1,200	-13,600	3,542	9,858	2,500	32,300	-1,400	-3,400	9,700	2,800	34,300
Cash flow from operations	106,305	228,732	193,055	-26,123	-182,811	105,782	350,361	84,278	158,906	143,363	108,161	-77,121	269,151	433,904
Investing Activities
capital expenditure	-57,635	-33,996	-157,591	-41,813	-65,788	-117,039	-152,880	-86,923	-230,057	-36,389	-117,961	-140,988	-72,106	-327,884
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-57,635	-33,996	-157,591	-41,813	-65,788	-117,039	-152,880	-86,923	-230,057	-36,389	-117,961	-140,988	-72,106	-327,884
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-4,224	4,224	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-70,782	-41,640	-43,575	31,348	18,418	106,231	0	0	0	0	0	0
other long term liabilities	-82,447	-62,527	338,841	0	0	0	0	-106,231	70,744	-24,382	19,822	31,215	5,288	3,544
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	25,228	14,402	-12,756	-13,130	2,363	2,244	823	1,108	1,110	900	664	1,102	1,058	275
cash flow from financing	-57,219	-48,125	251,079	-50,546	-41,212	33,592	19,241	1,108	71,854	-23,482	20,486	32,317	6,346	3,919
cash and cash equivalents
cash	-8,549	146,611	-150,513	318,573	-289,811	22,334	216,722	-1,537	704	83,492	10,686	-185,792	203,391	109,939
overdraft	0	0	-437,055	437,055	0	0	0	0	0	0	0	0	0	0
change in cash	-8,549	146,611	286,542	-118,482	-289,811	22,334	216,722	-1,537	704	83,492	10,686	-185,792	203,391	109,939

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REFORM POLYTHENE LIMITED group structure

Reform Polythene Limited has no subsidiary companies.

Ultimate parent company

WORLD PACKAGING LIMITED

07371200

1 parent

REFORM POLYTHENE LIMITED

03044343

REFORM POLYTHENE LIMITED Shareholders

world packaging ltd

100%

Reform Polythene Limited currently has 1 director, Mr Robert Stewart serving since Jun 2021.

officer	country	age	start	end	role
Mr Robert Stewart	United Kingdom	59 years	Jun 2021	-	Director

P&L

December 2023

turnover

7.8m

+27%

operating profit

108.9k

gross margin

18.4%

+0.1%

turnover

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

Balance Sheet

December 2023

net assets

1.4m

+0.08%

total assets

3.6m

+0.12%

cash

476.3k

-0.02%

net assets

Total assets minus all liabilities

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company number

03044343

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

April 1995

ultimate parent company

WORLD PACKAGING LIMITED

previous names

reform plastics (derby) limited (April 2024)

address

stewart house primett road, stevenage, SG1 3EE

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 3 charges/mortgages relating to reform polythene limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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reform polythene limited Company Information

reform polythene limited Estimated Valuation

reform polythene limited Estimated Valuation

reform polythene limited Estimated Valuation

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REFORM POLYTHENE LIMITED financials

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