paperchase products limited
paperchase products limited Company Information
Company Number
03185938
Website
www.paperchase.comRegistered Address
c/o pwc llp c/o pwc llp, central square 29 wellington str, leeds, west yorkshire, LS1 4DL
Industry
Retail sale of newspapers and stationery in specialised stores
Telephone
02074676200
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
paperchase worldwide group ltd 100%
paperchase products limited Estimated Valuation
Pomanda estimates the enterprise value of PAPERCHASE PRODUCTS LIMITED at £38.3m based on a Turnover of £125.3m and 0.31x industry multiple (adjusted for size and gross margin).
paperchase products limited Estimated Valuation
Pomanda estimates the enterprise value of PAPERCHASE PRODUCTS LIMITED at £0 based on an EBITDA of £-7.2m and a 3.45x industry multiple (adjusted for size and gross margin).
paperchase products limited Estimated Valuation
Pomanda estimates the enterprise value of PAPERCHASE PRODUCTS LIMITED at £9.8m based on Net Assets of £2.8m and 3.47x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Paperchase Products Limited Overview
Paperchase Products Limited is a dissolved company that was located in leeds, LS1 4DL with a Companies House number of 03185938. It operated in the retail sale of newspapers and stationery in specialised stores sector, SIC Code 47620. Founded in April 1996, it's largest shareholder was paperchase worldwide group ltd with a 100% stake. The last turnover for Paperchase Products Limited was estimated at £125.3m.
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Paperchase Products Limited Health Check
Pomanda's financial health check has awarded Paperchase Products Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £125.3m, make it larger than the average company (£367.9k)
£125.3m - Paperchase Products Limited
£367.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (-0.8%)
3% - Paperchase Products Limited
-0.8% - Industry AVG
Production
with a gross margin of 5.9%, this company has a higher cost of product (38.1%)
5.9% - Paperchase Products Limited
38.1% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (5.1%)
-9.8% - Paperchase Products Limited
5.1% - Industry AVG
Employees
with 1984 employees, this is above the industry average (17)
1984 - Paperchase Products Limited
17 - Industry AVG
Pay Structure
on an average salary of £13.9k, the company has a lower pay structure (£22.7k)
£13.9k - Paperchase Products Limited
£22.7k - Industry AVG
Efficiency
resulting in sales per employee of £63.2k, this is less efficient (£92.1k)
£63.2k - Paperchase Products Limited
£92.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (9 days)
2 days - Paperchase Products Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (32 days)
32 days - Paperchase Products Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 50 days, this is in line with average (51 days)
50 days - Paperchase Products Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Paperchase Products Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.1%, this is a higher level of debt than the average (83.6%)
93.1% - Paperchase Products Limited
83.6% - Industry AVG
PAPERCHASE PRODUCTS LIMITED financials
Paperchase Products Limited's latest turnover from February 2019 is £125.3 million and the company has net assets of £2.8 million. According to their latest financial statements, Paperchase Products Limited has 1,984 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 125,337,000 | 131,153,000 | 124,141,000 | 114,285,000 | 102,626,000 | 95,849,000 | 84,891,000 | 77,590,000 | 71,335,000 | 69,192,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 117,902,000 | 115,727,000 | 103,807,000 | 93,549,000 | 85,280,000 | 80,672,000 | 71,707,000 | 64,721,000 | 58,821,000 | 56,117,000 |
| Gross Profit | 7,435,000 | 15,426,000 | 20,334,000 | 20,736,000 | 17,346,000 | 15,177,000 | 13,184,000 | 12,869,000 | 12,514,000 | 13,075,000 |
| Admin Expenses | 19,752,000 | 19,592,000 | 18,143,000 | 15,729,000 | 13,846,000 | 14,198,000 | 12,327,000 | 11,917,000 | 10,769,000 | 9,196,000 |
| Operating Profit | -12,317,000 | -4,166,000 | 2,191,000 | 5,007,000 | 3,500,000 | 979,000 | 857,000 | 952,000 | 1,745,000 | 3,879,000 |
| Interest Payable | 423,000 | 257,000 | 255,000 | 239,000 | 226,000 | 272,000 | 263,000 | 135,000 | 70,000 | 20,000 |
| Interest Receivable | 2,408,000 | 70,000 | 63,000 | 53,000 | 1,979,000 | 34,000 | 35,000 | 29,000 | 71,000 | 139,000 |
| Pre-Tax Profit | -10,332,000 | -6,336,000 | 613,000 | 5,230,000 | 5,253,000 | 741,000 | 629,000 | 846,000 | 1,746,000 | 3,998,000 |
| Tax | -677,000 | 792,000 | 180,000 | -899,000 | -998,000 | -204,000 | -164,000 | -391,000 | -336,000 | -1,472,000 |
| Profit After Tax | -11,009,000 | -5,544,000 | 793,000 | 4,331,000 | 4,255,000 | 537,000 | 465,000 | 455,000 | 1,410,000 | 2,526,000 |
| Dividends Paid | 0 | 0 | 0 | 11,995,000 | 0 | 0 | 0 | 0 | 4,884,000 | 4,348,000 |
| Retained Profit | -11,009,000 | -5,544,000 | 793,000 | -7,664,000 | 4,255,000 | 537,000 | 465,000 | 455,000 | -3,474,000 | -1,822,000 |
| Employee Costs | 27,639,000 | 27,842,000 | 26,122,000 | 24,750,000 | 22,354,000 | 21,000,000 | 18,529,000 | 16,615,000 | 15,858,000 | 16,716,000 |
| Number Of Employees | 1,984 | 2,170 | 1,964 | 1,926 | 1,787 | 1,733 | 1,539 | 1,440 | 1,257 | 1,189 |
| EBITDA* | -7,218,000 | 1,408,000 | 7,761,000 | 10,266,000 | 9,057,000 | 6,110,000 | 5,267,000 | 4,962,000 | 5,240,000 | 6,785,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,493,000 | 20,712,000 | 23,719,000 | 24,302,000 | 22,657,000 | 17,880,000 | 15,918,000 | 15,050,000 | 13,909,000 | 12,010,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 610,000 |
| Debtors (Due After 1 year) | 712,000 | 2,800,000 | 2,526,000 | 2,945,000 | 1,748,000 | 1,516,000 | 1,100,000 | 947,000 | 1,160,000 | 0 |
| Total Fixed Assets | 15,205,000 | 23,512,000 | 26,245,000 | 27,247,000 | 24,405,000 | 19,396,000 | 17,018,000 | 15,997,000 | 15,069,000 | 12,620,000 |
| Stock & work in progress | 16,447,000 | 16,690,000 | 17,458,000 | 16,098,000 | 13,481,000 | 14,227,000 | 12,520,000 | 9,803,000 | 8,642,000 | 7,511,000 |
| Trade Debtors | 829,000 | 1,151,000 | 568,000 | 731,000 | 559,000 | 485,000 | 1,529,000 | 1,540,000 | 998,000 | 1,120,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,085,000 |
| Misc Debtors | 6,177,000 | 6,061,000 | 5,949,000 | 6,334,000 | 6,017,000 | 4,533,000 | 4,041,000 | 4,657,000 | 4,249,000 | 3,455,000 |
| Cash | 2,163,000 | 4,636,000 | 7,893,000 | 6,036,000 | 7,429,000 | 4,620,000 | 2,920,000 | 3,062,000 | 1,976,000 | 5,424,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 58,000 | 0 | 0 | 0 | 0 |
| total current assets | 25,616,000 | 28,538,000 | 31,868,000 | 29,199,000 | 27,486,000 | 23,923,000 | 21,010,000 | 19,062,000 | 15,865,000 | 21,595,000 |
| total assets | 40,821,000 | 52,050,000 | 58,113,000 | 56,446,000 | 51,891,000 | 43,319,000 | 38,028,000 | 35,059,000 | 30,934,000 | 34,215,000 |
| Bank overdraft | 1,184,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 2,750,000 | 1,000,000 | 500,000 | 0 | 0 | 3,000,000 | 3,000,000 | 1,500,000 | 0 | 0 |
| Trade Creditors | 10,448,000 | 9,894,000 | 11,223,000 | 10,511,000 | 8,719,000 | 8,182,000 | 5,647,000 | 5,103,000 | 3,011,000 | 3,086,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 1,880,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 18,093,000 | 17,081,000 | 16,772,000 | 14,994,000 | 14,339,000 | 11,379,000 | 9,186,000 | 8,726,000 | 8,648,000 | 8,583,000 |
| total current liabilities | 32,475,000 | 29,855,000 | 28,495,000 | 25,505,000 | 23,058,000 | 22,561,000 | 17,833,000 | 15,329,000 | 11,659,000 | 11,669,000 |
| loans | 4,796,000 | 7,060,000 | 9,636,000 | 11,675,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 720,000 | 1,289,000 | 576,000 | 636,000 | 690,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,516,000 | 8,349,000 | 10,212,000 | 12,311,000 | 3,690,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 37,991,000 | 38,204,000 | 38,707,000 | 37,816,000 | 26,748,000 | 22,561,000 | 17,833,000 | 15,329,000 | 11,659,000 | 11,669,000 |
| net assets | 2,830,000 | 13,846,000 | 19,406,000 | 18,630,000 | 25,143,000 | 20,758,000 | 20,195,000 | 19,730,000 | 19,275,000 | 22,546,000 |
| total shareholders funds | 2,830,000 | 13,846,000 | 19,406,000 | 18,630,000 | 25,143,000 | 20,758,000 | 20,195,000 | 19,730,000 | 19,275,000 | 22,546,000 |
| Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -12,317,000 | -4,166,000 | 2,191,000 | 5,007,000 | 3,500,000 | 979,000 | 857,000 | 952,000 | 1,745,000 | 3,879,000 |
| Depreciation | 5,099,000 | 5,574,000 | 5,570,000 | 5,259,000 | 5,557,000 | 5,131,000 | 4,410,000 | 4,010,000 | 3,495,000 | 2,906,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -677,000 | 792,000 | 180,000 | -899,000 | -998,000 | -204,000 | -164,000 | -391,000 | -336,000 | -1,472,000 |
| Stock | -243,000 | -768,000 | 1,360,000 | 2,617,000 | -746,000 | 1,707,000 | 2,717,000 | 1,161,000 | 1,131,000 | 7,511,000 |
| Debtors | -2,294,000 | 969,000 | -967,000 | 1,686,000 | 1,790,000 | -136,000 | -474,000 | 737,000 | -2,253,000 | 8,660,000 |
| Creditors | 554,000 | -1,329,000 | 712,000 | 1,792,000 | 537,000 | 2,535,000 | 544,000 | 2,092,000 | -75,000 | 3,086,000 |
| Accruals and Deferred Income | 1,012,000 | 309,000 | 1,778,000 | 655,000 | 2,960,000 | 2,193,000 | 460,000 | 78,000 | 65,000 | 8,583,000 |
| Deferred Taxes & Provisions | -569,000 | 713,000 | -60,000 | -54,000 | 690,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,361,000 | 1,692,000 | 9,978,000 | 7,457,000 | 11,202,000 | 9,063,000 | 3,864,000 | 4,843,000 | 6,016,000 | 811,000 |
| Investing Activities | ||||||||||
| capital expenditure | -3,781,000 | -5,360,000 | -6,355,000 | -5,656,000 | -7,700,000 | -5,196,000 | -5,191,000 | -5,566,000 | -3,846,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -610,000 | 610,000 |
| cash flow from investments | -3,781,000 | -5,360,000 | -6,355,000 | -5,656,000 | -7,700,000 | -5,196,000 | -5,191,000 | -4,956,000 | -4,456,000 | |
| Financing Activities | ||||||||||
| Bank loans | 1,750,000 | 500,000 | 500,000 | 0 | -3,000,000 | 0 | 1,500,000 | 1,500,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -1,880,000 | 1,880,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,264,000 | -2,576,000 | -2,039,000 | 8,675,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 1,985,000 | -187,000 | -192,000 | -186,000 | 1,753,000 | -238,000 | -228,000 | -106,000 | 1,000 | 119,000 |
| cash flow from financing | -416,000 | -399,000 | -1,748,000 | 9,640,000 | 1,883,000 | -212,000 | 1,272,000 | 1,394,000 | 204,000 | 24,487,000 |
| cash and cash equivalents | ||||||||||
| cash | -2,473,000 | -3,257,000 | 1,857,000 | -1,393,000 | 2,809,000 | 1,700,000 | -142,000 | 1,086,000 | -3,448,000 | 5,424,000 |
| overdraft | 1,184,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,657,000 | -3,257,000 | 1,857,000 | -1,393,000 | 2,809,000 | 1,700,000 | -142,000 | 1,086,000 | -3,448,000 | 5,424,000 |
paperchase products limited Credit Report and Business Information
Paperchase Products Limited Competitor Analysis
Perform a competitor analysis for paperchase products limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
paperchase products limited Ownership
PAPERCHASE PRODUCTS LIMITED group structure
Paperchase Products Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
PAPERCHASE PRODUCTS LIMITED
03185938
2 subsidiaries
paperchase products limited directors
Paperchase Products Limited currently has 3 directors. The longest serving directors include Earl Timothy Melgund (Apr 1996) and Mr Mike Woodcock (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Earl Timothy Melgund | 70 years | Apr 1996 | - | Director | |
| Mr Mike Woodcock | 50 years | Sep 2019 | - | Director | |
| Mr Oliver Raeburn | England | 53 years | Oct 2020 | - | Director |
P&L
February 2019turnover
125.3m
-4%
operating profit
-12.3m
+196%
gross margin
6%
-49.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2019net assets
2.8m
-0.8%
total assets
40.8m
-0.22%
cash
2.2m
-0.53%
net assets
Total assets minus all liabilities
Similar Companies
paperchase products limited company details
company number
03185938
Type
Private limited with Share Capital
industry
47620 - Retail sale of newspapers and stationery in specialised stores
incorporation date
April 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
ladform limited (June 1996)
incorporated
UK
address
c/o pwc llp c/o pwc llp, central square 29 wellington str, leeds, west yorkshire, LS1 4DL
last accounts submitted
February 2019
paperchase products 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 9 charges/mortgages relating to paperchase products limited. Currently there are 2 open charges and 7 have been satisfied in the past.
paperchase products limited Companies House Filings - See Documents
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