precision plastics (london) limited
precision plastics (london) limited Company Information
Company Number
04938763
Website
www.pep-ltd.co.ukRegistered Address
building 70, suite 12 churchill square, west malling, ME19 4YU
Industry
Glazing
Telephone
442084433945
Next Accounts Due
1280 days late
Group Structure
View All
Directors
Kirk Lawrence20 Years
Shareholders
kirk lawrence 100%
precision plastics (london) limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION PLASTICS (LONDON) LIMITED at £396.7k based on a Turnover of £1.2m and 0.33x industry multiple (adjusted for size and gross margin).
precision plastics (london) limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION PLASTICS (LONDON) LIMITED at £0 based on an EBITDA of £-168.1k and a 3.82x industry multiple (adjusted for size and gross margin).
precision plastics (london) limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION PLASTICS (LONDON) LIMITED at £272.3k based on Net Assets of £94.5k and 2.88x industry multiple (adjusted for liquidity).
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Precision Plastics (london) Limited Overview
Precision Plastics (london) Limited is a live company located in west malling, ME19 4YU with a Companies House number of 04938763. It operates in the glazing sector, SIC Code 43342. Founded in October 2003, it's largest shareholder is kirk lawrence with a 100% stake. Precision Plastics (london) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Precision Plastics (london) Limited Health Check
Pomanda's financial health check has awarded Precision Plastics (London) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.2m, make it larger than the average company (£464.8k)
- Precision Plastics (london) Limited
£464.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.8%)
- Precision Plastics (london) Limited
4.8% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)
- Precision Plastics (london) Limited
25.8% - Industry AVG
Profitability
an operating margin of -18.8% make it less profitable than the average company (6.1%)
- Precision Plastics (london) Limited
6.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (15)
4 - Precision Plastics (london) Limited
15 - Industry AVG
Pay Structure
on an average salary of £28.8k, the company has an equivalent pay structure (£28.8k)
- Precision Plastics (london) Limited
£28.8k - Industry AVG
Efficiency
resulting in sales per employee of £304.8k, this is more efficient (£129.8k)
- Precision Plastics (london) Limited
£129.8k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (45 days)
- Precision Plastics (london) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (46 days)
- Precision Plastics (london) Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 92 days, this is more than average (13 days)
- Precision Plastics (london) Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Precision Plastics (london) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.9%, this is a higher level of debt than the average (70.9%)
80.9% - Precision Plastics (london) Limited
70.9% - Industry AVG
precision plastics (london) limited Credit Report and Business Information
Precision Plastics (london) Limited Competitor Analysis
Perform a competitor analysis for precision plastics (london) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
precision plastics (london) limited Ownership
PRECISION PLASTICS (LONDON) LIMITED group structure
Precision Plastics (London) Limited has no subsidiary companies.
Ultimate parent company
PRECISION PLASTICS (LONDON) LIMITED
04938763
precision plastics (london) limited directors
Precision Plastics (London) Limited currently has 1 director, Mr Kirk Lawrence serving since Oct 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kirk Lawrence | England | 45 years | Oct 2003 | - | Director |
PRECISION PLASTICS (LONDON) LIMITED financials
Precision Plastics (London) Limited's latest turnover from October 2018 is estimated at £1.2 million and the company has net assets of £94.5 thousand. According to their latest financial statements, Precision Plastics (London) Limited has 4 employees and maintains cash reserves of £2.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,498,162 | 973,329 | 878,025 | 303,385 | 397,233 | 293,916 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 1,074,636 | 648,835 | 545,625 | 213,763 | 309,300 | 233,139 | ||||
| Gross Profit | 423,526 | 324,494 | 332,400 | 89,622 | 87,933 | 60,777 | ||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 3,971 | 4,663 | 1,970 | 2,992 | 1,842 | 1,956 | ||||
| Interest Receivable | 2 | 15 | 11 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 284,167 | 225,223 | 227,227 | 28,223 | -898 | 15,750 | ||||
| Tax | -43,451 | -47,793 | -44,659 | -2,803 | -2,499 | -894 | ||||
| Profit After Tax | 240,716 | 177,430 | 182,568 | 25,420 | -3,397 | 14,856 | ||||
| Dividends Paid | 100,000 | 100,500 | 70,000 | 40,000 | 30,000 | 34,000 | ||||
| Retained Profit | 140,716 | 76,930 | 112,568 | -14,580 | -33,397 | -19,144 | ||||
| Employee Costs | ||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 183,704 | 191,207 | 141,774 | 92,465 | 87,761 | 77,877 | 22,647 | 9,746 | 1,662 | 1,847 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 183,704 | 191,207 | 141,774 | 92,465 | 87,761 | 77,877 | 22,647 | 9,746 | 1,662 | 1,847 |
| Stock & work in progress | 228,664 | 255,000 | 85,000 | 248,000 | 220,000 | 120,000 | 70,000 | 1,000 | 20,000 | 6,000 |
| Trade Debtors | 79,113 | 488,450 | 482,000 | 161,136 | 200,000 | 2,124 | 14,612 | 15,790 | 0 | 31,818 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 1,999 | 0 | 0 | 5,654 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,520 | 107,780 | 15 | 113 | 66 | 31,933 | 27,542 | 1,500 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 310,520 | 853,229 | 567,015 | 409,249 | 425,720 | 154,057 | 112,154 | 18,290 | 20,000 | 37,818 |
| total assets | 494,224 | 1,044,436 | 708,789 | 501,714 | 513,481 | 231,934 | 134,801 | 28,036 | 21,662 | 39,665 |
| Bank overdraft | 56,751 | 0 | 19,952 | 31,689 | 2,857 | 0 | 0 | 9,514 | 3,666 | 5,092 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,697 | 5,878 | 5,963 |
| Trade Creditors | 90,899 | 415,493 | 218,000 | 131,500 | 82,500 | 12,380 | 15,000 | 13,272 | 11,257 | 10,850 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 59,591 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 45,313 | 30,444 | 22,428 | 18,256 | 0 | 2,456 | 2,456 | 0 | 0 |
| other current liabilities | 0 | 79,397 | 77,091 | 71,268 | 88,739 | 96,725 | 67,891 | 57,755 | 47,705 | 26,141 |
| total current liabilities | 242,168 | 540,203 | 345,487 | 256,885 | 192,352 | 109,105 | 85,347 | 88,694 | 68,506 | 48,046 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,245 | 10,311 |
| hp & lease commitments | 0 | 176,998 | 106,266 | 57,690 | 57,584 | 0 | 3,555 | 6,011 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 157,524 | 176,998 | 106,266 | 57,690 | 57,584 | 0 | 3,555 | 6,011 | 5,245 | 10,311 |
| total liabilities | 399,692 | 717,201 | 451,753 | 314,575 | 249,936 | 109,105 | 88,902 | 94,705 | 73,751 | 58,357 |
| net assets | 94,532 | 327,235 | 257,036 | 187,139 | 263,545 | 122,829 | 45,899 | -66,669 | -52,089 | -18,692 |
| total shareholders funds | 94,532 | 327,235 | 257,036 | 187,139 | 263,545 | 122,829 | 45,899 | -66,669 | -52,089 | -18,692 |
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 61,096 | 63,556 | 47,060 | 30,604 | 11,065 | 6,913 | 7,646 | 2,916 | 185 | 205 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -43,451 | -47,793 | -44,659 | -2,803 | -2,499 | -894 | ||||
| Stock | -26,336 | 170,000 | -163,000 | 28,000 | 100,000 | 50,000 | 69,000 | -19,000 | 14,000 | 6,000 |
| Debtors | -411,336 | 8,449 | 320,864 | -44,518 | 203,530 | -12,488 | -1,178 | 15,790 | -31,818 | 31,818 |
| Creditors | -324,594 | 197,493 | 86,500 | 49,000 | 70,120 | -2,620 | 1,728 | 2,015 | 407 | 10,850 |
| Accruals and Deferred Income | -79,397 | 2,306 | 5,823 | -17,471 | -7,986 | 28,834 | 10,136 | 10,050 | 21,564 | 26,141 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -5,697 | -181 | -85 | 5,963 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 59,591 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,245 | -5,066 | 10,311 |
| Hire Purchase and Lease Commitments | -222,311 | 85,601 | 56,592 | 4,278 | 75,840 | -6,011 | -2,456 | 8,467 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -3,969 | -4,648 | -1,959 | -2,992 | -1,842 | -1,956 | ||||
| cash flow from financing | 71,871 | -10,659 | -10,112 | 49 | -6,993 | 14,770 | ||||
| cash and cash equivalents | ||||||||||
| cash | -105,260 | 107,765 | -98 | 47 | -31,867 | 4,391 | 26,042 | 1,500 | 0 | 0 |
| overdraft | 56,751 | -19,952 | -11,737 | 28,832 | 2,857 | 0 | -9,514 | 5,848 | -1,426 | 5,092 |
| change in cash | -162,011 | 127,717 | 11,639 | -28,785 | -34,724 | 4,391 | 35,556 | -4,348 | 1,426 | -5,092 |
P&L
October 2018turnover
1.2m
-57%
operating profit
-229.2k
0%
gross margin
25.8%
-20.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2018net assets
94.5k
-0.71%
total assets
494.2k
-0.53%
cash
2.5k
-0.98%
net assets
Total assets minus all liabilities
precision plastics (london) limited company details
company number
04938763
Type
Private limited with Share Capital
industry
43342 - Glazing
incorporation date
October 2003
age
21
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
building 70, suite 12 churchill square, west malling, ME19 4YU
last accounts submitted
October 2018
precision plastics (london) 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 1 charges/mortgages relating to precision plastics (london) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
precision plastics (london) limited Companies House Filings - See Documents
| date | description | view/download |
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