james cropper converting limited
james cropper converting limited Company Information
Company Number
04690526
Website
https://www.jamescropper.comRegistered Address
burneside mills, kendal, cumbria, LA9 6PZ
Industry
Manufacture of paper and paperboard
Telephone
01539722002
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
james cropper plc 83%
melmore co. ltd 17%
james cropper converting limited Estimated Valuation
Pomanda estimates the enterprise value of JAMES CROPPER CONVERTING LIMITED at £5.8m based on a Turnover of £13.1m and 0.44x industry multiple (adjusted for size and gross margin).
james cropper converting limited Estimated Valuation
Pomanda estimates the enterprise value of JAMES CROPPER CONVERTING LIMITED at £15m based on an EBITDA of £4.3m and a 3.49x industry multiple (adjusted for size and gross margin).
james cropper converting limited Estimated Valuation
Pomanda estimates the enterprise value of JAMES CROPPER CONVERTING LIMITED at £25.9m based on Net Assets of £17.1m and 1.51x industry multiple (adjusted for liquidity).
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James Cropper Converting Limited Overview
James Cropper Converting Limited is a live company located in cumbria, LA9 6PZ with a Companies House number of 04690526. It operates in the manufacture of paper and paperboard sector, SIC Code 17120. Founded in March 2003, it's largest shareholder is james cropper plc with a 83% stake. James Cropper Converting Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.1m with low growth in recent years.
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James Cropper Converting Limited Health Check
Pomanda's financial health check has awarded James Cropper Converting Limited a 4 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
3 Strong
3 Regular
6 Weak
Size
annual sales of £13.1m, make it smaller than the average company (£28.4m)
£13.1m - James Cropper Converting Limited
£28.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.1%)
3% - James Cropper Converting Limited
8.1% - Industry AVG
Production
with a gross margin of 23.8%, this company has a comparable cost of product (23.8%)
23.8% - James Cropper Converting Limited
23.8% - Industry AVG
Profitability
an operating margin of 31.9% make it more profitable than the average company (6.3%)
31.9% - James Cropper Converting Limited
6.3% - Industry AVG
Employees
with 25 employees, this is below the industry average (107)
25 - James Cropper Converting Limited
107 - Industry AVG
Pay Structure
on an average salary of £45.9k, the company has an equivalent pay structure (£49.2k)
£45.9k - James Cropper Converting Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £522.6k, this is more efficient (£294.2k)
£522.6k - James Cropper Converting Limited
£294.2k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (55 days)
56 days - James Cropper Converting Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (56 days)
28 days - James Cropper Converting Limited
56 days - Industry AVG
Stock Days
it holds stock equivalent to 98 days, this is more than average (42 days)
98 days - James Cropper Converting Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - James Cropper Converting Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24%, this is a lower level of debt than the average (44.2%)
24% - James Cropper Converting Limited
44.2% - Industry AVG
JAMES CROPPER CONVERTING LIMITED financials
James Cropper Converting Limited's latest turnover from April 2023 is £13.1 million and the company has net assets of £17.1 million. According to their latest financial statements, James Cropper Converting Limited has 25 employees and maintains cash reserves of £20 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,064,000 | 10,304,000 | 9,103,000 | 11,820,000 | 11,664,000 | 10,563,000 | 11,726,000 | 11,400,000 | 12,260,000 | 14,718,000 | 13,707,000 | 10,997,000 | 12,981,000 | 11,130,000 |
| Other Income Or Grants | 0 | |||||||||||||
| Cost Of Sales | 6,920,000 | |||||||||||||
| Gross Profit | 4,077,000 | |||||||||||||
| Admin Expenses | 3,839,000 | |||||||||||||
| Operating Profit | 4,168,000 | 2,990,000 | 1,424,000 | 1,881,000 | 3,383,000 | 3,329,000 | 2,263,000 | 1,293,000 | 694,000 | 1,675,000 | 1,032,000 | 238,000 | 1,351,000 | 592,000 |
| Interest Payable | 96,000 | 75,000 | 108,000 | 108,000 | 98,000 | 90,000 | 105,000 | 153,000 | 292,000 | 323,000 | 359,000 | 243,000 | 153,000 | 236,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 23,000 | 1,000 |
| Pre-Tax Profit | 4,072,000 | 2,915,000 | 1,316,000 | 1,773,000 | 3,285,000 | 3,240,000 | 2,158,000 | 1,140,000 | 402,000 | 1,352,000 | 674,000 | -4,000 | 1,221,000 | 357,000 |
| Tax | 5,000 | -96,000 | 56,000 | -12,000 | 13,000 | 12,000 | 36,000 | 45,000 | -18,000 | 23,000 | -147,000 | 397,000 | -222,000 | 80,000 |
| Profit After Tax | 4,077,000 | 2,819,000 | 1,372,000 | 1,761,000 | 3,298,000 | 3,252,000 | 2,194,000 | 1,185,000 | 384,000 | 1,375,000 | 527,000 | 393,000 | 999,000 | 437,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 2,500,000 | 2,500,000 | 1,000,000 | 400,000 | 1,000,000 | 500,000 | 0 | 100,000 | 100,000 |
| Retained Profit | 4,077,000 | 2,819,000 | 1,372,000 | 1,761,000 | 3,298,000 | 752,000 | -306,000 | 185,000 | -16,000 | 375,000 | 27,000 | 393,000 | 899,000 | 337,000 |
| Employee Costs | 1,147,000 | 1,208,000 | 1,415,000 | 1,516,000 | 1,401,000 | 1,308,000 | 1,488,000 | 1,737,000 | 2,039,000 | 2,203,000 | 2,059,000 | 2,023,000 | 1,948,000 | 1,800,000 |
| Number Of Employees | 25 | 27 | 34 | 36 | 33 | 33 | 36 | 45 | 51 | 55 | 54 | 58 | 56 | 54 |
| EBITDA* | 4,293,000 | 3,115,000 | 1,567,000 | 2,029,000 | 3,534,000 | 3,503,000 | 2,455,000 | 1,612,000 | 1,013,000 | 1,968,000 | 1,343,000 | 548,000 | 1,656,000 | 893,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,319,000 | 1,428,000 | 1,516,000 | 1,622,000 | 1,745,000 | 1,896,000 | 2,075,000 | 2,246,000 | 2,454,000 | 2,259,000 | 2,499,000 | 2,716,000 | 2,940,000 | 2,964,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 16,474,000 | 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 | 17,793,000 | 1,428,000 | 1,516,000 | 1,622,000 | 1,745,000 | 1,896,000 | 2,075,000 | 2,246,000 | 2,454,000 | 2,259,000 | 2,499,000 | 2,716,000 | 2,940,000 | 2,964,000 |
| Stock & work in progress | 2,688,000 | 2,402,000 | 2,388,000 | 2,196,000 | 2,709,000 | 2,661,000 | 2,680,000 | 2,975,000 | 3,228,000 | 3,748,000 | 2,887,000 | 2,648,000 | 2,627,000 | 2,112,000 |
| Trade Debtors | 2,017,000 | 1,438,000 | 1,369,000 | 1,994,000 | 1,583,000 | 1,598,000 | 1,919,000 | 1,739,000 | 2,117,000 | 2,192,000 | 2,681,000 | 1,933,000 | 1,922,000 | 2,460,000 |
| Group Debtors | 0 | 16,587,000 | 15,719,000 | 15,719,000 | 15,497,000 | 12,604,000 | 8,902,000 | 7,157,000 | 6,175,000 | 5,336,000 | 3,220,000 | 3,382,000 | 3,050,000 | 1,777,000 |
| Misc Debtors | 0 | 0 | 3,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 8,000 | 5,000 |
| Cash | 20,000 | 49,000 | 24,000 | 26,000 | 68,000 | 6,000 | 8,000 | 6,000 | 13,000 | 8,000 | 270,000 | 2,000 | 48,000 | 110,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,725,000 | 20,476,000 | 19,503,000 | 19,955,000 | 19,857,000 | 16,869,000 | 13,509,000 | 11,877,000 | 11,533,000 | 11,284,000 | 9,058,000 | 7,971,000 | 7,655,000 | 6,464,000 |
| total assets | 22,518,000 | 21,904,000 | 21,019,000 | 21,577,000 | 21,602,000 | 18,765,000 | 15,584,000 | 14,123,000 | 13,987,000 | 13,543,000 | 11,557,000 | 10,687,000 | 10,595,000 | 9,428,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 24,000 | 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 | 769,000 | 269,000 | 346,000 | 157,000 | 300,000 | 228,000 | 188,000 | 548,000 | 333,000 | 537,000 | 506,000 | 242,000 | 0 | 0 |
| Group/Directors Accounts | 3,945,000 | 7,954,000 | 9,998,000 | 11,943,000 | 13,603,000 | 14,142,000 | 11,670,000 | 9,568,000 | 9,703,000 | 8,495,000 | 7,026,000 | 6,811,000 | 5,000,000 | 5,000,000 |
| 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 | 5,000 | 13,000 | 26,000 | 38,000 | 54,000 | 50,000 | 47,000 | 20,000 | 0 | 0 |
| other current liabilities | 409,000 | 345,000 | 214,000 | 373,000 | 363,000 | 330,000 | 350,000 | 284,000 | 305,000 | 770,000 | 507,000 | 208,000 | 2,561,000 | 1,310,000 |
| total current liabilities | 5,123,000 | 8,568,000 | 10,558,000 | 12,473,000 | 14,271,000 | 14,713,000 | 12,258,000 | 10,438,000 | 10,395,000 | 9,852,000 | 8,086,000 | 7,281,000 | 7,561,000 | 6,310,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 6,000 | 20,000 | 45,000 | 85,000 | 137,000 | 189,000 | 82,000 | 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 | 271,000 | 289,000 | 233,000 | 248,000 | 236,000 | 249,000 | 261,000 | 289,000 | 341,000 | 372,000 | 475,000 | 544,000 | 1,294,000 | 1,460,000 |
| total long term liabilities | 271,000 | 289,000 | 233,000 | 248,000 | 236,000 | 255,000 | 281,000 | 334,000 | 426,000 | 509,000 | 664,000 | 626,000 | 647,000 | 730,000 |
| total liabilities | 5,394,000 | 8,857,000 | 10,791,000 | 12,721,000 | 14,507,000 | 14,968,000 | 12,539,000 | 10,772,000 | 10,821,000 | 10,361,000 | 8,750,000 | 7,907,000 | 8,208,000 | 7,040,000 |
| net assets | 17,124,000 | 13,047,000 | 10,228,000 | 8,856,000 | 7,095,000 | 3,797,000 | 3,045,000 | 3,351,000 | 3,166,000 | 3,182,000 | 2,807,000 | 2,780,000 | 2,387,000 | 2,388,000 |
| total shareholders funds | 17,124,000 | 13,047,000 | 10,228,000 | 8,856,000 | 7,095,000 | 3,797,000 | 3,045,000 | 3,351,000 | 3,166,000 | 3,182,000 | 2,807,000 | 2,780,000 | 2,387,000 | 2,388,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,168,000 | 2,990,000 | 1,424,000 | 1,881,000 | 3,383,000 | 3,329,000 | 2,263,000 | 1,293,000 | 694,000 | 1,675,000 | 1,032,000 | 238,000 | 1,351,000 | 592,000 |
| Depreciation | 125,000 | 125,000 | 143,000 | 148,000 | 151,000 | 174,000 | 192,000 | 319,000 | 319,000 | 293,000 | 311,000 | 310,000 | 305,000 | 301,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 5,000 | -96,000 | 56,000 | -12,000 | 13,000 | 12,000 | 36,000 | 45,000 | -18,000 | 23,000 | -147,000 | 397,000 | -222,000 | 80,000 |
| Stock | 286,000 | 14,000 | 192,000 | -513,000 | 48,000 | -19,000 | -295,000 | -253,000 | -520,000 | 861,000 | 239,000 | 21,000 | 515,000 | 2,112,000 |
| Debtors | -16,008,000 | 934,000 | -642,000 | 653,000 | 2,878,000 | 3,381,000 | 1,925,000 | 604,000 | 764,000 | 1,627,000 | 580,000 | 341,000 | 738,000 | 4,242,000 |
| Creditors | 500,000 | -77,000 | 189,000 | -143,000 | 72,000 | 40,000 | -360,000 | 215,000 | -204,000 | 31,000 | 264,000 | 242,000 | 0 | 0 |
| Accruals and Deferred Income | 64,000 | 131,000 | -159,000 | 10,000 | 33,000 | -20,000 | 66,000 | -21,000 | -465,000 | 263,000 | 299,000 | -2,353,000 | 1,251,000 | 1,310,000 |
| Deferred Taxes & Provisions | -18,000 | 56,000 | -15,000 | 12,000 | -13,000 | -12,000 | -28,000 | -52,000 | -31,000 | -103,000 | -69,000 | -750,000 | -166,000 | 1,460,000 |
| Cash flow from operations | 20,566,000 | 2,181,000 | 2,088,000 | 1,756,000 | 713,000 | 161,000 | 539,000 | 1,448,000 | 51,000 | -306,000 | 871,000 | -2,278,000 | 1,266,000 | -2,611,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 16,474,000 | 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 | -4,009,000 | -2,044,000 | -1,945,000 | -1,660,000 | -539,000 | 2,472,000 | 2,102,000 | -135,000 | 1,208,000 | 1,469,000 | 215,000 | 1,811,000 | 0 | 5,000,000 |
| 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 | -5,000 | -14,000 | -27,000 | -37,000 | -56,000 | -48,000 | -49,000 | 134,000 | 102,000 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -96,000 | -75,000 | -108,000 | -108,000 | -98,000 | -89,000 | -105,000 | -153,000 | -292,000 | -323,000 | -358,000 | -242,000 | -130,000 | -235,000 |
| cash flow from financing | -4,105,000 | -2,119,000 | -2,053,000 | -1,773,000 | -651,000 | 2,356,000 | 1,960,000 | -344,000 | 868,000 | 1,097,000 | -9,000 | 1,671,000 | -1,030,000 | 6,816,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -29,000 | 25,000 | -2,000 | -42,000 | 62,000 | -2,000 | 2,000 | -7,000 | 5,000 | -262,000 | 268,000 | -46,000 | -62,000 | 110,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -24,000 | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -29,000 | 25,000 | -2,000 | -42,000 | 62,000 | 22,000 | -22,000 | -7,000 | 5,000 | -262,000 | 268,000 | -46,000 | -62,000 | 110,000 |
james cropper converting limited Credit Report and Business Information
James Cropper Converting Limited Competitor Analysis
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james cropper converting limited Ownership
JAMES CROPPER CONVERTING LIMITED group structure
James Cropper Converting Limited has no subsidiary companies.
Ultimate parent company
1 parent
JAMES CROPPER CONVERTING LIMITED
04690526
james cropper converting limited directors
James Cropper Converting Limited currently has 3 directors. The longest serving directors include Mr Stephen Adams (Jan 2017) and Mr Richard Bracewell (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Adams | 60 years | Jan 2017 | - | Director | |
| Mr Richard Bracewell | 59 years | Aug 2023 | - | Director | |
| Mr Andrew Goody | United Kingdom | 57 years | Nov 2023 | - | Director |
P&L
April 2023turnover
13.1m
+27%
operating profit
4.2m
+39%
gross margin
23.9%
+14.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
17.1m
+0.31%
total assets
22.5m
+0.03%
cash
20k
-0.59%
net assets
Total assets minus all liabilities
james cropper converting limited company details
company number
04690526
Type
Private limited with Share Capital
industry
17120 - Manufacture of paper and paperboard
incorporation date
March 2003
age
21
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
burneside mills, kendal, cumbria, LA9 6PZ
last accounts submitted
April 2023
james cropper converting 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 james cropper converting limited.
james cropper converting limited Companies House Filings - See Documents
| date | description | view/download |
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