its-plastics limited
its-plastics limited Company Information
Company Number
04461282
Website
www.plastic-it.co.ukRegistered Address
34 harry davis court, armstrong drive, worcester, worcestershire, WR1 2AA
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
01905770868
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
jeremy pingstone 51.5%
miriam pingstone 48.5%
its-plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ITS-PLASTICS LIMITED at £31.5k based on a Turnover of £83.7k and 0.38x industry multiple (adjusted for size and gross margin).
its-plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ITS-PLASTICS LIMITED at £4.9k based on an EBITDA of £1.6k and a 3.06x industry multiple (adjusted for size and gross margin).
its-plastics limited Estimated Valuation
Pomanda estimates the enterprise value of ITS-PLASTICS LIMITED at £3.4k based on Net Assets of £1.5k and 2.27x industry multiple (adjusted for liquidity).
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Its-plastics Limited Overview
Its-plastics Limited is a live company located in worcester, WR1 2AA with a Companies House number of 04461282. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in June 2002, it's largest shareholder is jeremy pingstone with a 51.5% stake. Its-plastics Limited is a mature, micro sized company, Pomanda has estimated its turnover at £83.7k with declining growth in recent years.
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Its-plastics Limited Health Check
Pomanda's financial health check has awarded Its-Plastics Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £83.7k, make it smaller than the average company (£1.8m)
- Its-plastics Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.1%)
- Its-plastics Limited
6.1% - Industry AVG
Production
with a gross margin of 24.6%, this company has a higher cost of product (44.9%)
- Its-plastics Limited
44.9% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (6.1%)
- Its-plastics Limited
6.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (15)
2 - Its-plastics Limited
15 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)
- Its-plastics Limited
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £41.8k, this is less efficient (£116.9k)
- Its-plastics Limited
£116.9k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (56 days)
- Its-plastics Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (32 days)
- Its-plastics Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Its-plastics Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Its-plastics Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92%, this is a higher level of debt than the average (52.9%)
92% - Its-plastics Limited
52.9% - Industry AVG
ITS-PLASTICS LIMITED financials
Its-Plastics Limited's latest turnover from June 2023 is estimated at £83.7 thousand and the company has net assets of £1.5 thousand. According to their latest financial statements, Its-Plastics Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 18,926 | 22,472 | 27,699 | 27,783 | 40,011 | 49,313 | 55,872 | 16,569 | 18,506 | 15,753 | 12,459 | 10,495 | 6,563 | 19,691 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,055 | 24,697 | 19,607 | 13,749 | 2,374 | 15,272 | 1,160 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,926 | 22,472 | 27,699 | 27,783 | 40,011 | 49,313 | 55,872 | 48,624 | 43,203 | 35,360 | 26,208 | 12,869 | 21,835 | 20,851 |
| total assets | 18,926 | 22,472 | 27,699 | 27,783 | 40,011 | 49,313 | 55,872 | 48,624 | 43,203 | 35,360 | 26,208 | 12,869 | 21,835 | 20,851 |
| Bank overdraft | 0 | 0 | 0 | 0 | 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 | 17,420 | 22,159 | 31,143 | 27,407 | 29,731 | 38,153 | 41,434 | 37,417 | 33,827 | 27,560 | 24,212 | 10,885 | 18,952 | 18,503 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 17,420 | 22,159 | 31,143 | 27,407 | 29,731 | 38,153 | 41,434 | 37,417 | 33,827 | 27,560 | 24,212 | 10,885 | 18,952 | 18,503 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 17,420 | 22,159 | 31,143 | 27,407 | 29,731 | 38,153 | 41,434 | 37,417 | 33,827 | 27,560 | 24,212 | 10,885 | 18,952 | 18,503 |
| net assets | 1,506 | 313 | -3,444 | 376 | 10,280 | 11,160 | 14,438 | 11,207 | 9,376 | 7,800 | 1,996 | 1,984 | 2,883 | 2,348 |
| total shareholders funds | 1,506 | 313 | -3,444 | 376 | 10,280 | 11,160 | 14,438 | 11,207 | 9,376 | 7,800 | 1,996 | 1,984 | 2,883 | 2,348 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,546 | -5,227 | -84 | -12,228 | -9,302 | -6,559 | 39,303 | -1,937 | 2,753 | 3,294 | 1,964 | 3,932 | -13,128 | 19,691 |
| Creditors | -4,739 | -8,984 | 3,736 | -2,324 | -8,422 | -3,281 | 4,017 | 3,590 | 6,267 | 3,348 | 13,327 | -8,067 | 449 | 18,503 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -32,055 | 7,358 | 5,090 | 5,858 | 11,375 | -12,898 | 14,112 | 1,160 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -32,055 | 7,358 | 5,090 | 5,858 | 11,375 | -12,898 | 14,112 | 1,160 |
its-plastics limited Credit Report and Business Information
Its-plastics Limited Competitor Analysis
Perform a competitor analysis for its-plastics limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WR1 area or any other competitors across 12 key performance metrics.
its-plastics limited Ownership
ITS-PLASTICS LIMITED group structure
Its-Plastics Limited has no subsidiary companies.
Ultimate parent company
ITS-PLASTICS LIMITED
04461282
its-plastics limited directors
Its-Plastics Limited currently has 2 directors. The longest serving directors include Mr Jeremy Pingstone (Jun 2002) and Mrs Miriam Pingstone (Jun 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Pingstone | England | 60 years | Jun 2002 | - | Director |
| Mrs Miriam Pingstone | England | 60 years | Jun 2002 | - | Director |
P&L
June 2023turnover
83.7k
-6%
operating profit
1.6k
0%
gross margin
24.7%
+3.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.5k
+3.81%
total assets
18.9k
-0.16%
cash
0
0%
net assets
Total assets minus all liabilities
its-plastics limited company details
company number
04461282
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
June 2002
age
22
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
34 harry davis court, armstrong drive, worcester, worcestershire, WR1 2AA
accountant
-
auditor
-
its-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 did not find charges/mortgages relating to its-plastics limited.
its-plastics limited Companies House Filings - See Documents
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