Parsons Plastics Limited

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parsons plastics limited Company Information

Company Number

05022770

Next Accounts

Mar 2025

Directors

Andre Parsons

Shareholders

andre carl clifford parsons

Group Structure

View All

Industry

Other manufacturing n.e.c.

Registered Address

parsons house, leamore lane, walsall, west midlands, WS2 7EB

Website

www.parsonsuk.com

parsons plastics limited Estimated Valuation

£302.8k

Pomanda estimates the enterprise value of PARSONS PLASTICS LIMITED at £302.8k based on Net Assets of £138.5k and 2.19x industry multiple (adjusted for liquidity).

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Parsons Plastics Limited is a live company located in walsall, WS2 7EB with a Companies House number of 05022770. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 2004, it's largest shareholder is andre carl clifford parsons with a 100% stake. Parsons Plastics Limited is a mature, micro sized company, Pomanda has estimated its turnover at £126.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Parsons Plastics Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £126.5k, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (4.7%)

EXPORT

Parsons Plastics Limited's latest turnover from June 2023 is estimated at £126.5 thousand and the company has net assets of £138.5 thousand. According to their latest financial statements, Parsons Plastics Limited has 1 employee and maintains cash reserves of £23 thousand 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	126,549	141,977	194,022	306,204	87,907	280,443	49,339	16,448	1,561,443	2,938,014	48,548	2,273	296,794	7,864
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	89,159	99,323	139,135	215,901	61,022	194,777	33,451	11,114	1,065,887	1,998,537	33,028	1,541	201,246	5,270
Gross Profit	37,390	42,655	54,887	90,303	26,885	85,666	15,888	5,334	495,556	939,477	15,520	731	95,548	2,594
Admin Expenses	-2,587	30,645	-447	71,067	17,672	57,743	6,812	20,583	462,552	938,364	12,631	-46,259	90,327	46,693
Operating Profit	39,977	12,010	55,334	19,236	9,213	27,923	9,076	-15,249	33,004	1,113	2,889	46,990	5,221	-44,099
Interest Payable	4,909	3,512	3,050	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	701	423	31	22	314	101	3	5	7	85	79	10	14	5
Pre-Tax Profit	35,769	8,921	52,315	17,733	9,527	28,025	9,079	-15,244	33,011	1,199	2,969	47,000	5,235	-44,094
Tax	-8,942	-1,695	-9,940	-3,369	-1,810	-5,325	-1,725	0	-6,602	-252	-683	-11,280	-1,361	0
Profit After Tax	26,827	7,226	42,375	14,364	7,717	22,700	7,354	-15,244	26,409	947	2,286	35,720	3,874	-44,094
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,827	7,226	42,375	14,364	7,717	22,700	7,354	-15,244	26,409	947	2,286	35,720	3,874	-44,094
Employee Costs	40,466	38,900	36,953	109,984	36,090	106,133	34,078	33,296	359,204	697,870	31,148	31,423	91,608	29,302
Number Of Employees	1	1	1	3	1	3	1	1	11	22	1	1	3	1
EBITDA*	47,615	17,528	60,743	24,499	13,513	27,923	9,076	-15,249	33,204	1,113	2,889	46,990	5,221	-40,153

* 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	59,300	7,282	12,075	17,484	17,199	0	0	0	0	100	100	100	100	100
Intangible Assets	0	0	0	0	0	0	0	0	0	100	100	100	100	100
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	59,300	7,282	12,075	17,484	17,199	0	0	0	0	200	200	200	200	200
Stock & work in progress	67,475	0	115,518	0	70,988	0	0	0	6,992	0	0	0	500	1,700
Trade Debtors	4,418	32,910	29,298	0	2,060	44,218	7,984	2,588	353,770	500,976	7,722	371	101,597	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	127,034	77,515	47,515	18,311
Misc Debtors	107,834	311,278	308,353	458,405	332,405	371,562	355,747	287,430	0	0	0	0	0	0
Cash	23,021	5,020	62,704	30	44,256	39,476	1,083	1,547	486	2,448	31,734	33	3,778	1,838
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	202,748	349,208	515,873	458,435	449,709	455,256	364,814	291,565	361,248	503,424	166,490	77,919	153,390	21,849
total assets	262,048	356,490	527,948	475,919	466,908	455,256	364,814	291,565	361,248	503,624	166,690	78,119	153,590	22,049
Bank overdraft	5,000	5,000	5,000	839	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	0	882	2,107	49,602	2,652	0	0	0	336,105	504,890	0	0	3,866	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	64,787	64,787	64,787	64,787
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,615	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	41,013	197,079	371,431	314,277	416,586	415,303	347,561	281,666	0	0	104,116	17,831	125,156	1,355
total current liabilities	49,628	202,961	378,538	364,718	419,238	415,303	347,561	281,666	336,105	504,890	168,903	82,618	193,809	66,142
loans	37,359	41,894	45,001	49,167	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	36,599	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	73,958	41,894	45,001	49,167	0	0	0	0	0	0	0	0	0	0
total liabilities	123,586	244,855	423,539	413,885	419,238	415,303	347,561	281,666	336,105	504,890	168,903	82,618	193,809	66,142
net assets	138,462	111,635	104,409	62,034	47,670	39,953	17,253	9,899	25,143	-1,266	-2,213	-4,499	-40,219	-44,093
total shareholders funds	138,462	111,635	104,409	62,034	47,670	39,953	17,253	9,899	25,143	-1,266	-2,213	-4,499	-40,219	-44,093

	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	39,977	12,010	55,334	19,236	9,213	27,923	9,076	-15,249	33,004	1,113	2,889	46,990	5,221	-44,099
Depreciation	7,638	5,518	5,409	5,263	4,300	0	0	0	100	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	100	0	0	0	0	3,946
Tax	-8,942	-1,695	-9,940	-3,369	-1,810	-5,325	-1,725	0	-6,602	-252	-683	-11,280	-1,361	0
Stock	67,475	-115,518	115,518	-70,988	70,988	0	0	-6,992	6,992	0	0	-500	-1,200	1,700
Debtors	-231,936	6,537	-120,754	123,940	-81,315	52,049	73,713	-63,752	-147,206	366,220	56,870	-71,226	130,801	18,311
Creditors	-882	-1,225	-47,495	46,950	2,652	0	0	-336,105	-168,785	504,890	0	-3,866	3,866	0
Accruals and Deferred Income	-156,066	-174,352	57,154	-102,309	1,283	67,742	65,895	281,666	0	-104,116	86,285	-107,325	123,801	1,355
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	46,186	-50,763	65,698	-87,181	25,965	38,291	-467	1,056	-1,969	35,415	31,621	-3,755	1,926	-58,809
Investing Activities
capital expenditure	-59,656	-725	0	-5,548	-21,499	0	0	0	0	0	0	0	0	-4,146
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-59,656	-725	0	-5,548	-21,499	0	0	0	0	0	0	0	0	-4,146
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	-64,787	0	0	0	64,787
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-4,535	-3,107	-4,166	49,167	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	40,214	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	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-4,208	-3,089	-3,019	-1,503	314	101	3	5	7	85	79	10	14	5
cash flow from financing	31,471	-6,196	-7,185	47,664	314	101	3	5	7	-64,702	79	10	14	64,793
cash and cash equivalents
cash	18,001	-57,684	62,674	-44,226	4,780	38,393	-464	1,061	-1,962	-29,286	31,701	-3,745	1,940	1,838
overdraft	0	0	4,161	839	0	0	0	0	0	0	0	0	0	0
change in cash	18,001	-57,684	58,513	-45,065	4,780	38,393	-464	1,061	-1,962	-29,286	31,701	-3,745	1,940	1,838

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARSONS PLASTICS LIMITED group structure

Parsons Plastics Limited has no subsidiary companies.

Ultimate parent company

PARSONS PLASTICS LIMITED

05022770

PARSONS PLASTICS LIMITED Shareholders

andre carl clifford parsons

100%

Parsons Plastics Limited currently has 1 director, Mr Andre Parsons serving since May 2018.

officer	country	age	start	end	role
Mr Andre Parsons	England	69 years	May 2018	-	Director

P&L

June 2023

turnover

126.5k

-11%

operating profit

40k

gross margin

29.6%

-1.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

138.5k

+0.24%

total assets

262k

-0.26%

cash

23k

+3.59%

net assets

Total assets minus all liabilities

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company number

05022770

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

January 2004

ultimate parent company

None

previous names

N/A

address

parsons house, leamore lane, walsall, west midlands, WS2 7EB

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parsons plastics limited Company Information

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parsons plastics limited Estimated Valuation

parsons plastics limited Estimated Valuation

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