eco plastics limited
eco plastics limited Company Information
Company Number
03948149
Next Accounts
3407 days late
Industry
Recovery of sorted materials
Shareholders
mr jonathan short
stichting custody robeco clean tech ii (eur)
View AllGroup Structure
View All
Contact
Registered Address
c/o grant thornton uk llp, 4 hardman square, manchester, M3 3EB
Website
ecoplasticsltd.comeco plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ECO PLASTICS LIMITED at £64m based on a Turnover of £47.3m and 1.35x industry multiple (adjusted for size and gross margin).
eco plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ECO PLASTICS LIMITED at £18.8m based on an EBITDA of £2.1m and a 8.82x industry multiple (adjusted for size and gross margin).
eco plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ECO PLASTICS LIMITED at £3.6m based on Net Assets of £1.5m and 2.34x industry multiple (adjusted for liquidity).
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Eco Plastics Limited Overview
Eco Plastics Limited is a live company located in manchester, M3 3EB with a Companies House number of 03948149. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 2000, it's largest shareholder is mr jonathan short with a 83.1% stake. Eco Plastics Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.3m with rapid growth in recent years.
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Eco Plastics Limited Health Check
Pomanda's financial health check has awarded Eco Plastics Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £47.3m, make it larger than the average company (£8.3m)
£47.3m - Eco Plastics Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (6.9%)
37% - Eco Plastics Limited
6.9% - Industry AVG
Production
with a gross margin of 27.5%, this company has a lower cost of product (17.9%)
27.5% - Eco Plastics Limited
17.9% - Industry AVG
Profitability
an operating margin of -4.2% make it less profitable than the average company (2.9%)
-4.2% - Eco Plastics Limited
2.9% - Industry AVG
Employees
with 202 employees, this is above the industry average (45)
202 - Eco Plastics Limited
45 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
£29.6k - Eco Plastics Limited
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £234.2k, this is less efficient (£312.9k)
£234.2k - Eco Plastics Limited
£312.9k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (38 days)
53 days - Eco Plastics Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (36 days)
78 days - Eco Plastics Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is more than average (16 days)
28 days - Eco Plastics Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)
2 weeks - Eco Plastics Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.2%, this is a higher level of debt than the average (58.8%)
96.2% - Eco Plastics Limited
58.8% - Industry AVG
ECO PLASTICS LIMITED financials
Eco Plastics Limited's latest turnover from December 2013 is £47.3 million and the company has net assets of £1.5 million. According to their latest financial statements, Eco Plastics Limited has 202 employees and maintains cash reserves of £859 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Turnover | 47,301,000 | 38,459,000 | 34,788,000 | 18,273,000 | 13,459,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 34,314,000 | 30,520,000 | 31,615,000 | 18,477,000 | 13,740,000 |
| Gross Profit | 12,987,000 | 7,939,000 | 3,173,000 | -204,000 | -281,000 |
| Admin Expenses | 14,993,000 | 11,678,000 | 7,639,000 | -1,773,000 | 1,291,000 |
| Operating Profit | -2,006,000 | -3,739,000 | -4,466,000 | 1,569,000 | -1,572,000 |
| Interest Payable | 2,925,000 | 2,051,000 | 663,000 | 379,000 | 372,000 |
| Interest Receivable | 0 | 0 | 0 | 8,000 | 1,000 |
| Pre-Tax Profit | -4,931,000 | -5,790,000 | -5,142,000 | 1,198,000 | 898,000 |
| Tax | 0 | 0 | 0 | 408,000 | 396,000 |
| Profit After Tax | -4,931,000 | -5,790,000 | -5,142,000 | 1,606,000 | 1,294,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,931,000 | -5,790,000 | -5,142,000 | 1,606,000 | 1,294,000 |
| Employee Costs | 5,985,000 | 5,052,000 | 4,031,000 | 3,252,000 | 2,948,000 |
| Number Of Employees | 202 | 179 | 139 | 116 | 106 |
| EBITDA* | 2,135,000 | -666,000 | -2,490,000 | 2,705,000 | -435,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Tangible Assets | 28,953,000 | 31,284,000 | 25,813,000 | 17,058,000 | 8,878,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,953,000 | 31,284,000 | 25,813,000 | 17,058,000 | 8,878,000 |
| Stock & work in progress | 2,700,000 | 2,770,000 | 2,619,000 | 1,067,000 | 896,000 |
| Trade Debtors | 6,995,000 | 5,636,000 | 5,397,000 | 2,722,000 | 925,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 500,000 | 1,066,000 | 988,000 | 2,796,000 | 7,605,000 |
| Cash | 859,000 | 481,000 | 2,736,000 | 1,082,000 | 1,291,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,054,000 | 9,953,000 | 11,740,000 | 7,667,000 | 10,717,000 |
| total assets | 40,007,000 | 41,237,000 | 37,553,000 | 24,725,000 | 19,595,000 |
| Bank overdraft | 0 | 0 | 0 | 600,000 | 600,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,417,000 | 10,915,000 | 8,594,000 | 6,916,000 | 2,990,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,921,000 | 3,506,000 | 3,056,000 | 2,868,000 | 332,000 |
| hp & lease commitments | 2,167,000 | 1,676,000 | 941,000 | 190,000 | 174,000 |
| other current liabilities | 3,506,000 | 1,678,000 | 1,341,000 | 1,961,000 | 3,407,000 |
| total current liabilities | 19,011,000 | 17,775,000 | 13,932,000 | 12,535,000 | 7,503,000 |
| loans | 13,055,000 | 6,603,000 | 4,879,000 | 1,578,000 | 3,117,000 |
| hp & lease commitments | 6,314,000 | 7,598,000 | 6,425,000 | 437,000 | 162,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 104,000 | 2,953,000 | 676,000 | 0 | 39,000 |
| provisions | 0 | 0 | 0 | 0 | 105,000 |
| total long term liabilities | 19,473,000 | 17,154,000 | 11,980,000 | 2,015,000 | 3,423,000 |
| total liabilities | 38,484,000 | 34,929,000 | 25,912,000 | 14,550,000 | 10,926,000 |
| net assets | 1,523,000 | 6,308,000 | 11,641,000 | 10,175,000 | 8,669,000 |
| total shareholders funds | 1,523,000 | 6,308,000 | 11,641,000 | 10,175,000 | 8,669,000 |
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -2,006,000 | -3,739,000 | -4,466,000 | 1,569,000 | -1,572,000 |
| Depreciation | 4,141,000 | 3,073,000 | 1,976,000 | 1,136,000 | 1,137,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 408,000 | 396,000 |
| Stock | -70,000 | 151,000 | 1,552,000 | 171,000 | 896,000 |
| Debtors | 793,000 | 317,000 | 867,000 | -3,012,000 | 8,530,000 |
| Creditors | -3,498,000 | 2,321,000 | 1,678,000 | 3,926,000 | 2,990,000 |
| Accruals and Deferred Income | 1,828,000 | 337,000 | -620,000 | -1,446,000 | 3,407,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -105,000 | 105,000 |
| Cash flow from operations | -258,000 | 1,524,000 | -3,851,000 | 8,329,000 | -2,963,000 |
| Investing Activities | |||||
| capital expenditure | -1,810,000 | -9,039,000 | -9,376,000 | -2,391,000 | -2,427,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,810,000 | -9,039,000 | -9,376,000 | -2,391,000 | -2,427,000 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 2,415,000 | 450,000 | 188,000 | 2,536,000 | 332,000 |
| Long term loans | 6,452,000 | 1,724,000 | 3,301,000 | -1,539,000 | 3,117,000 |
| Hire Purchase and Lease Commitments | -793,000 | 1,908,000 | 6,739,000 | 291,000 | 336,000 |
| other long term liabilities | -2,849,000 | 2,277,000 | 676,000 | -39,000 | 39,000 |
| share issue | |||||
| interest | -2,925,000 | -2,051,000 | -663,000 | -371,000 | -371,000 |
| cash flow from financing | 2,446,000 | 4,765,000 | 16,849,000 | 778,000 | 10,828,000 |
| cash and cash equivalents | |||||
| cash | 378,000 | -2,255,000 | 1,654,000 | -209,000 | 1,291,000 |
| overdraft | 0 | 0 | -600,000 | 0 | 600,000 |
| change in cash | 378,000 | -2,255,000 | 2,254,000 | -209,000 | 691,000 |
eco plastics limited Credit Report and Business Information
Eco Plastics Limited Competitor Analysis
Perform a competitor analysis for eco plastics limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in M 3 area or any other competitors across 12 key performance metrics.
eco plastics limited Ownership
ECO PLASTICS LIMITED group structure
Eco Plastics Limited has no subsidiary companies.
Ultimate parent company
ECO PLASTICS LIMITED
03948149
eco plastics limited directors
Eco Plastics Limited currently has 7 directors. The longest serving directors include Mr Jonathan Short (Mar 2000) and Keimpe Keuning (Jul 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Short | 60 years | Mar 2000 | - | Director | |
| Keimpe Keuning | Netherlands | 50 years | Jul 2008 | - | Director |
| Mr Samuel Richardson | United Kingdom | 49 years | Jan 2009 | - | Director |
| Mr William Weil | United Kingdom | 48 years | Oct 2011 | - | Director |
| Mr William Reeves | 74 years | Dec 2012 | - | Director | |
| Mr Darren Marr | 54 years | Sep 2013 | - | Director | |
| Mr Chris Brown | 63 years | Oct 2013 | - | Director |
P&L
December 2013turnover
47.3m
+23%
operating profit
-2m
-46%
gross margin
27.5%
+33.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2013net assets
1.5m
-0.76%
total assets
40m
-0.03%
cash
859k
+0.79%
net assets
Total assets minus all liabilities
eco plastics limited company details
company number
03948149
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
March 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2013
previous names
aws eco plastics limited (December 2010)
aws ecoplastics limited (October 2008)
accountant
-
auditor
-
address
c/o grant thornton uk llp, 4 hardman square, manchester, M3 3EB
Bank
-
Legal Advisor
-
eco plastics 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 16 charges/mortgages relating to eco plastics limited. Currently there are 7 open charges and 9 have been satisfied in the past.
eco plastics 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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eco plastics limited Companies House Filings - See Documents
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